When was Kalpa Power founded?

Kalpa Power was founded in 2017 and raised its 1st funding round 7 years after it was founded.

Where is Kalpa Power located?

Kalpa Power is headquartered in Pune, India. It is registered at OFFICE NO.605-606,SIXTH FLOOR, AMAR BUSINESS ZONE, Pune, BANER, Maharashtra, India, 411045.

Which legal entities is Kalpa Power associated with?

Kalpa Power is associated with KALPA POWER PRIVATE LIMITED and 1 other.

How many employees does Kalpa Power have?

As of May 31, 2026, Kalpa Power has 209 employees, reflecting a 33% year-over-year decline in headcount.

Is Kalpa Power a funded company?

Kalpa Power is a funded company, having raised a total of $1.54M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 31, 2024.

How much is Kalpa Power worth?

The latest valuation of Kalpa Power is ₹***** as of Dec 11, 2024.

When was the latest funding round of Kalpa Power?

Kalpa Power's latest funding was a $***** Angel round on Dec 11, 2024, with participation from 2 investors.

What is the annual revenue of Kalpa Power?

Annual revenue of Kalpa Power is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Kalpa Power rank among its competitors?

Kalpa Power ranks 8th amongst 425 active competitors, only 1 of which is funded. Kalpa Power, which secured $1.18M in Dec, 2024.

Who are the top competitors of Kalpa Power?

Kalpa Power's top competitors include Aegeus Technologies, Steag and N C Enterprises. Among them, Kalpa Power secured the most recent funding round in December, 2024.

Kalpa Power - 2026 Company Profile, Team, Funding, Competitors & Financials

Kalpa Power is a seed company based in Pune (India), founded in 2017 by Kiran Nitin Muthiyan and Rounak Nitin Muthiyan. It operates as a Provider of solar energy management and battery energy storage solutions. Kalpa Power has raised $1.54M in funding, with a current valuation of ₹*****. The company has 425 active competitors, including 1 funded and 3 that have exited. Its top competitors include companies like Aegeus Technologies, Steag and N C Enterprises.

Company Details

Provider of solar energy management and battery energy storage solutions. The business oversees the entire project lifecycle, including design, engineering, installation, and asset management for commercial and industrial clients. Services include rooftop solar installations, battery energy storage systems, and electrical infrastructure upgrades. The company also provides energy audits, power factor management, and sustainability consulting to assist businesses in reducing electricity costs and transitioning to renewable energy sources. Operations involve remote monitoring of energy assets to ensure performance and efficiency throughout the project lifespan.

Website: kalpapower.com
Email ID: *****@kalpapower.com
Phone Number: +91 **********
Registered Address: OFFICE NO.605-606,SIXTH FLOOR, AMAR BUSINESS ZONE, Pune, BANER, Maharashtra, India, 411045

Key Metrics

Founded Year

2017

Location

Pune, India

Stage

Seed

Total Funding

$1.54M in 2 rounds

Latest Funding Round

Angel, Dec 11, 2024, $*****

Post Money Valuation

₹***** as on Dec 11, 2024

Investors

Rita Bothra & 7 more

Ranked

8^th among 425 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

209 as on May 31, 2026

Similar Companies

Raptor Maps & 4008 more

View Kalpa Power's full profile

Kalpa Power is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
KALPA POWER SOLAR PARK ALPHA LLP CIN: ACC-5919 , India, Active	Aug 22, 2023	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
KALPA POWER PRIVATE LIMITED CIN: U74999PN2017PTC169581 , India, Active	Mar 23, 2017	₹100 - ₹500 Cr (As on Mar 31, 2025)	209 (As on May 31, 2026)

Kalpa Power has raised a total funding of $1.54M over 2 rounds. Its first funding round was on Mar 31, 2024. Its latest funding round was a Angel round on Dec 11, 2024 for $*****. 2 investors participated in its latest round. Kalpa Power has 1 institutional investor and 7 angel investors.

Here is the list of recent funding rounds of Kalpa Power:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 11, 2024	3750528	Angel	4195662	6726545	3865520	1346272
Mar 31, 2024	2849708	Seed	2756039	2571140	6221336	Rima Wandhekar & 1 more

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View details of Kalpa Power's funding rounds and investors

The founders of Kalpa Power are Kiran Nitin Muthiyan and Rounak Nitin Muthiyan.

Here are the details of Kalpa Power's key team members:

Kiran Nitin Muthiyan: Co-Founder & Director of Kalpa Power. They serve on the boards of 2 companies.
Contact Info: 1 email address and 1 phone number
Rounak Nitin Muthiyan: Co-Founder & Director of Kalpa Power. They serve on the board of 1 company.
Contact Info: 1 email address

Kalpa Power's Board of Directors

Kalpa Power's board has 4 active members. Kiran Nitin Muthiyan and Rounak Nitin Muthiyan are part of team and Rima Wandhekar and Anand Raheja are independent board members.

Here is the list of Kalpa Power's board of directors:

Name	Type	Representing	Status	Duration
Rounak Nitin Muthiyan	Team	-	Current	9y 5m
xtdzslz	Team	-	Past	6y 2m
Rima Wandhekar	Independent board member	-	Current	9y 5m
m{hedal	Independent board member	-	Current	2y 5m

View details of Kalpa Power's Founder profiles and Board Members

Kalpa Power's employee count trend

Kalpa Power has 209 employees as of May 26. The total employee count is 33.0% lower than what it was in May 25. Here is Kalpa Power's employee count trend over the years:

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Top competitors of Kalpa Power include Aegeus Technologies, Steag and N C Enterprises. Here is the list of Top 10 competitors of Kalpa Power, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Aegeus Technologies 2017, Bengaluru (India), Public	Developer of robotic technologies for water-less solar panel cleaning systems	$945K	Caspian Debt, Brigade REAP & 11 others	61/100
2nd	Steag 2001, Noida (India), Acquired	Provider of engineering operations and maintenance services for power plants	-	-	49/100
3rd	N C Enterprises 2014, Margao (India), Unfunded	Solar panel installation and O&M service providing company	-	-	44/100
4th	Renfra Energy 2017, Chennai (India), Unfunded	Provider of solar energy operation and maintenance services	-	-	43/100
5th	Aadhav Green Power 2012, Chennai (India), Unfunded	Provider of turnkey contracts for rooftop and ground mounted solar plants	-	-	41/100
6th	NTPC GE Power Services 1999, Noida (India), Unfunded	Provider of high-efficiency O&M, R&M upgrades, and BESS projects for thermal and renewable power infrastructure	-	-	41/100
7th	Inspire Clean Energy 2015, Mumbai (India), Unfunded	Solar PV asset management and O&M service provider	-	-	38/100
8th	Kalpa Power 2017, Pune (India), Seed	Provider of solar energy management and battery energy storage solutions	$1.54M	-	38/100
9th	Volga Solar Solutions 2018, Hyderabad (India), Unfunded	Operator of solar asset management and O&M services	-	-	36/100
10th	Renesys 2017, Ahmedabad (India), Unfunded	Provider of solar operation & maintenance service	-	-	36/100

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Founders (largest shareholder) own 61.85%, Enterprises own 0.19%, Angels own 2.05% and Other People own 35.91%. The net worth of Kalpa Power's founders is INR 75.4Cr as of Dec 11, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	61.85%	75.4Cr	9892686	4517915	7568251	5049668
Kiran Nitin Muthiyan	1915092	4742893	1303963	9537587	3082802	8880054
Rounak Nitin Muthiyan	7766213	6309695	7432454	7292121	8278591	3748333
Enterprise	0.19%	23.3L	0	0	0	0
Angel	2.05%	2.5Cr	26	36	11	50
Arun Kumar Maroti	0	0	0	0	0	0
Other People	35.91%	43.8Cr	4672102	2044150	9482130	5919915
Total	100.00%	122Cr	6181114	2237997	5205301	2120787