SunSource Energy - About the company
SunSource Energy is an acquired company based in Noida (India), founded in 2010 by Adarsh Das and Kushagra Nandan. It operates as a Provider of solar-based energy and storage solutions to commercial, industrial, and institutional clients. SunSource Energy has raised $7.54M in funding from Neev Fund, with last known valuation of $*****. The company has 1133 active competitors, including 16 funded and 11 that have exited. Its top competitors include companies like Oorjan, ZunRoof and U-Solar Clean Energy.
Company Details
Provider of solar-based energy and storage solutions to commercial, industrial, and institutional clients. It is a provider of solar-based energy and storage solutions catering to commercial, industrial, and institutional clients. The company supplies energy-efficient solutions, helping clients optimize their energy use and reduce their carbon footprint. It offers a range of services, including project development, financing, construction, and operations.
- Website
- sunsource-energy.com
- Social
- Email ID
- *****@sunsource-energy.com
- Phone Number
- +91 **********
- Registered Address
- 5TH FLOOR, TOWER A (IT/ ITES BUILDING), PLOT NO A-3, 4 & 5, SECTOR 125, Noida, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201301
Key Metrics
Founded Year
2010
Location
Noida, India
Stage
Acquired
Total Funding
$7.54M in 2 rounds
Latest Funding Round
Last Known Valuation
$***** as on May 05, 2021
Investors
Ranked
5th among 1133 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
97 as on Jun 30, 2025
Exit Details
Acquired by SHV Energy (May 05, 2021)
Legal entities associated with SunSource Energy
SunSource Energy is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
JYOTIKIRAN ENERGY BHILWARA PRIVATE LIMITED CIN: U74999UP2018PTC101121 , India, Active | Feb 19, 2018 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 1 (As on Aug 31, 2025) | |
LONE CYPRESS VENTURES PRIVATE LIMITED CIN: U74999UP2016PTC087882 , India, Active | Nov 23, 2016 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 1 (As on Jun 30, 2025) | |
SUNSOURCE ENERGY PRIVATE LIMITED CIN: U74900UP2010PTC039281 , India, Active | Jan 18, 2010 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 83 (As on Aug 31, 2025) |
SunSource Energy's acquisition details
SunSource Energy got acquired by SHV Energy on May 05, 2021 at an acquisition amount of $*****.
Click here to take a look at SunSource Energy's acquisition in detail
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SunSource Energy's funding and investors
SunSource Energy has raised a total funding of $7.54M over 2 rounds. Its first funding round was on Feb 16, 2018. Its latest funding round was a Series A round on Jan 15, 2021 for $*****. 1 investor participated in its latest round. SunSource Energy has 1 institutional investor.
Here is the list of recent funding rounds of SunSource Energy:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 15, 2021 | 9868967 | Series A | 1432907 | 3631585 | 1694435 | 1685332 |
Feb 16, 2018 | 9506536 | Series A | 5180661 | 2737795 | 6392554 |
Access funding benchmarks and valuations. Sign up today!View details of SunSource Energy's funding rounds and investors
SunSource Energy's founders and board of directors
Founder? Claim ProfileThe founders of SunSource Energy are Adarsh Das and Kushagra Nandan. Santanu Guha is the CEO of SunSource Energy.
Here are the details of SunSource Energy's key team members:
- Adarsh Das: Former Co-Founder of SunSource Energy. They are also an angel investor in 1 startup.Contact Info: 1 email address and 1 phone number
- Kushagra Nandan: Former Co-Founder of SunSource Energy. Contact Info: 1 email address and 1 phone number
- Santanu Guha: CEO of SunSource Energy. Contact Info: 1 email address
SunSource Energy's Board of Directors
SunSource Energy's board has 7 active members. Tarun Kumar and Sytze Benjamin Nijman are part of team and Santanu Subinoy Guha, Ajay Kumar, Steven Lizy L Sels, Patrick Johannes Arnoldus Van Der Voort and Georgina Jessica Silvia Debenham are independent board members.Here is the list of SunSource Energy's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
wcyprjl | Team | - | Current | 1y 3m |
lzzobin | Team | - | Past | 4y 2m |
Independent board member | - | Current | 2y 6m | |
vl{icho | Independent board member | - | Current | 5y 4m |
mscuqvn | Independent board member | - | Current | 7y 1m |
ita{oxj | Independent board member | - | Current | 3y 8m |
tasadkd | Independent board member | - | Current | 2y 3m |
View details of SunSource Energy's Founder profiles and Board Members
SunSource Energy's employee count trend
SunSource Energy has 97 employees as of Jun 25. The total employee count is 38.0% lower than what it was in Jun 24. Here is SunSource Energy's employee count trend over the years:
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SunSource Energy's Competitors and alternates
Top competitors of SunSource Energy include Oorjan, ZunRoof and U-Solar Clean Energy. Here is the list of Top 10 competitors of SunSource Energy, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of solar project financing and development services | $655K | 66/100 | ||
2nd | Provider of solar panel installation and O&M services | $18M | 55/100 | ||
3rd | U-Solar Clean Energy 2010, Bengaluru (India), Series A | Provider of solar power solutions for industrial, commercial, and residential sector | $507K | 54/100 | |
4th | Manufacturer of solar panel and installation services | - | - | 52/100 | |
5th | SunSource Energy 2010, Noida (India), Acquired | Provider of solar-based energy and storage solutions to commercial, industrial, and institutional clients | $7.54M | 50/100 | |
6th | Truzon Solar 2008, Hyderabad (India), Seed | Manufacturer of solar power systems | $3.22M | 50/100 | |
7th |  Becquer Energy 2016, Mumbai (India), Unfunded | Manufacturer of solar products and EPC services | - | - | 49/100 |
8th | Amplus Solar 2008, Gurugram (India), Acquired | Provider of renewable energy solutions | $157M | 48/100 | |
9th | Zolt Energy 2013, Hyderabad (India), Seed | Provider of residential solar rooftop installation services | $221K | 48/100 | |
10th |  Stockwell Solar Services 2017, Jaipur (India), Unfunded | Provider of end-to-end solar solutions, including financing and maintenance | - | - | 47/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on SunSource Energy's competitors? Click here to see the top ones
SunSource Energy's Latest cap tables and shareholding
Founders own 25.36%, Funds (largest shareholder) own 46.77%, Parent Entities own 26.77% and ESOP Pool own 1.10%. The net worth of SunSource Energy's founders is INR 65.1Cr as of Feb 22, 2018.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 25.36% | 65.1Cr | 4731676 | 3986398 | 2182511 | 9880671 |
9138567 | 4957486 | 5279174 | 6668774 | 7203671 | 7788805 | |
2461052 | 4451441 | 3899005 | 8177505 | 5095155 | 1862828 | |
Fund | 46.77% | 120Cr | 9677607 | 3649063 | 1364454 | 3968756 |
3882769 | 8749748 | 9671585 | 2281470 | 1985622 | 9221616 | |
Parent Entity | 26.77% | 68.8Cr | 9150626 | 7782332 | 3055180 | 2802268 |
ESOP Pool | 1.10% | 2.82Cr | 5 | 4 | 6 | 5 |
Total | 100.00% | 257Cr | 1769598 | 1763915 | 7670294 | 2423358 |
To unlock detailed Cap Table of SunSource Energy Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of SunSource Energy's Shareholding
SunSource Energy's Investments and acquisitions
SunSource Energy has made no investments or acquisitions yet.
Reports related to SunSource Energy
Here is the latest report on SunSource Energy's sector:
News related to SunSource Energy
Filter this listMedia has covered SunSource Energy for a total of 3 events in the last 1 year.
•
Inox Clean Buys 300 MW SunSource Green Power PortfolioElectronicsforyou•Jan 05, 2026•SunSource Energy, Inox Clean Energy
•
Inox Neo Energies Acquires 250 MWp Solar Projects From SunSource EnergyDailyexcelsior•Jan 05, 2026•SunSource Energy
•
SunSource Energy Commissions 21 MW Solar Project in Tamil NaduMercom India•Aug 29, 2024•SunSource Energy
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SunSource co-founder Nandan's new clean energy venture in talksVCCircle•May 28, 2024•SunSource Energy
•
Ctrls' 8mw Data Center In Noida Adopts Solar Power For 60% Of Energy RequirementsDCD•May 07, 2024•SunSource Energy, Cloud4C
•
SunSource Energy commissions a solar power project for CtrlS, Asia’s largest rated 4 hyperscale data centre operatorExpress Computer•May 03, 2024•SunSource Energy
•
SunSource commissions 9 MW solar project for Varun Beverages in Uttar PradeshMoneycontrol•Apr 05, 2023•SunSource Energy, Varun Beverages
•
KPI Green Energy rises on signing long term PPAs for sale of solar powerUdaipur Kiran•Feb 14, 2023•KPI Green Energy, SunSource Energy, Energia, Appartement T2 Le domaine à Cavalaire sur mer and 3 others
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