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Roofsol Energy - About the company

Roofsol Energy is a series B company based in Mumbai (India), founded in 2016 by Dipankar Pal and Raja Babu Kalla. It operates as a Provides solar plant installations, providing engineering, procurement, and construction services. Roofsol Energy has raised $63.8M in funding, with a current valuation of *****. The company has 934 active competitors, including 32 funded and 41 that have exited. Its top competitors include companies like Rays Power Infra, InSolare Energy and SAEL.

Company Details

It is a leading EPC player in on-site solar plant installations. The company was established in 2016 and is headquartered in Mumbai. They specialize in engineering, procurement, and construction of solar power plants using both CAPEX and OPEX models.
Social
XFacebook
Email ID
*****@roofsol.com
Phone Number
+91 **********
Registered Address
Unit No. 1606, 16th Floor, Lodha Supremus, Opp MTNL Building, Saki Vihar Road, Andher East, Mumbai, Mumbai, Mumbai, Maharashtra, India, 400072
Key Metrics
Founded Year
2016
Location
Mumbai, India
Stage
Series B
Total Funding
$63.8M in 6 rounds
Latest Funding Round
Post Money Valuation
***** as on Oct 25, 2024
Ranked
Annual Revenue
₹176Cr as on Mar 31, 2025
Employee Count
168 as on Jan 31, 2025
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Roofsol Energy's funding and investors

Roofsol Energy has raised a total funding of $63.8M over 6 rounds. Its first funding round was on Apr 20, 2021. Roofsol Energy has 8 institutional investors and 26 angel investors.

Here is the list of recent funding rounds of Roofsol Energy:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Apr 16, 2026
8127868
Series B
9667345
3361802
8220210
4099267
May 27, 2025
8810406
Series B
6716912
7428912
9818360
Oct 17, 2024
1663012
Series A
8614064
9869396
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Roofsol Energy's founders and board of directors

Founder? Claim Profile
The founders of Roofsol Energy are Dipankar Pal and Raja Babu Kalla. Raja Babu Kalla is the CEO of Roofsol Energy.
Here are the details of Roofsol Energy's key team members:

Roofsol Energy's Board of Directors

Roofsol Energy's board has 5 active members. Dipankar Pal, Priyank Jain and Anurag Chivilkar are part of team and Nilesh Prabhakar Mahajan and Ajanta Pal are independent board members.
Here is the list of Roofsol Energy's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
7y 8m
auxmyvc
Team
-
Current
8y 9m
ygwibsq
Team
-
Current
7y 7m
Independent board member
-
Current
5y 2m
ehttudx
Independent board member
-
Current
2y 7m

Roofsol Energy's employee count trend

Roofsol Energy has 168 employees as of Jan 25. The total employee count is 81.0% more than what it was in Jan 24. Here is Roofsol Energy's employee count trend over the years:
Employee count trend for Roofsol Energy
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Roofsol Energy's Competitors and alternates

Top competitors of Roofsol Energy include Rays Power Infra, InSolare Energy and SAEL. Here is the list of Top 10 competitors of Roofsol Energy, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Rays Power Infra
Rays Power Infra
2011, Jaipur (India), Series C
Provider of solar engineering, procurement, and construction services for power projects
$57M
75/100
2nd
Logo for InSolare Energy
InSolare Energy
2008, Bengaluru (India), Series B
Provider of renewable energy solutions, including solar, wind, and hydrogen
$19.5M
70/100
3rd
Logo for SAEL
SAEL
1989, Delhi (India), Late Stage
Provider of renewable energy project development services
$61.4M
66/100
4th
Logo for Tata Power
Tata Power
1919, Mumbai (India), Public
Provider of electricity generation, transmission, and distribution services
-
65/100
5th
Logo for Ampin Energy Transition
Ampin Energy Transition
2016, Delhi (India), Series D
Provider of renewable energy solutions
$448M
65/100
6th
Logo for Swelect Energy Systems
Swelect Energy Systems
1984, Chennai (India), Public
EPC services for installation of solar farms
-
-
64/100
7th
Logo for Roofsol Energy
Roofsol Energy
2016, Mumbai (India), Series B
Provides solar plant installations, providing engineering, procurement, and construction services
$63.8M
63/100
8th
Logo for Freyr Energy
Freyr Energy
2014, Hyderabad (India), Series B
Developer of solar energy projects
$13.8M
62/100
9th
Logo for Sterling And Wilson
Sterling And Wilson
1927, Mumbai (India), Public
Provider of engineering, procurement, and construction services for diverse projects
$50M
60/100
10th
Logo for Apraava
Apraava
2000, Mumbai (India), Late Stage
Provider of integrated energy solutions
$368M
60/100
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Roofsol Energy's Latest cap tables and shareholding

Founders own 9.98%, Enterprises own 2.76%, Angels own 7.23% and Other People (largest shareholder) own 80.02%. The net worth of Roofsol Energy's founders is INR 25.5Cr as of Oct 25, 2024.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
9.98%
25.5Cr
3660851
7902601
1296788
9664916
9014293
6614220
3438966
2091335
9213791
3744885
Enterprise
2.76%
7.05Cr
16
21
76
60
Angel
7.23%
18.5Cr
4935829
2617264
2483645
9827378
3
6
7
2
3
1
Other People
80.02%
204Cr
2511243
5892470
3865995
9673962
Total
100.00%
255Cr
3678443
4505831
7743406
3417020
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Roofsol Energy's Shareholding

Roofsol Energy's Investments and acquisitions

Roofsol Energy has made no investments or acquisitions yet.

News related to Roofsol Energy

Media has covered Roofsol Energy for a total of 4 events in the last 1 year, 2 of them have been about company updates.
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