Surya Power Magic - About the company
Surya Power Magic is a seed company based in Coimbatore (India), founded in 2012 by Koniah Ravindranath Karthic and . Abhilash Thirupathy. It operates as a Provider of solar irrigation modules and pumps. Surya Power Magic has raised $500K in funding, with a current valuation of ₹*****. The company has 244 active competitors, including 12 funded and 5 that have exited. Its top competitors include companies like Sadbhav Future Tech, AgriVijay and Claro Energy.
Company Details
Provider of solar irrigation modules and pumps. It provides solar panel arrays used to run irrigation motor pumps of varying power. Also provides complimentary products like 3-phase water pumps, and modules like drips and sprinklers to provide complete green, solar irrigation systems to farmers and agro-industries. It also provides tracking solutions and irrigation controllers.
- Website
- suryapowermagic.com
- Social
- Registered Address
- 205, 2ND FLOOR, PSG-STEP Software Park II PSGR Block, Sarvajana HS School Campus, Peelamedu, Coimbatore, Coimbatore, Tamil Nadu, India, 641004
Key Metrics
Founded Year
2012
Location
Coimbatore, India
Stage
Seed
Total Funding
$500K in 1 round
Latest Funding Round
Post Money Valuation
₹***** as on Oct 26, 2015
Investors
Ranked
22nd among 244 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2019
Employee Count
18 as on Aug 31, 2026
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Legal entities associated with Surya Power Magic
Surya Power Magic is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
A K Surya Power Magic Private Limited CIN: U31400TZ2012PTC019004 , India, Active | Dec 07, 2012 | 0 - ₹10 Cr (As on Mar 31, 2019) | 1 (As on May 31, 2019) |
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Surya Power Magic's funding and investors
Surya Power Magic has raised a total funding of $500K over 1 round. Its latest funding round was a Seed round on Jun 14, 2014 for $*****. 1 investor participated in its latest round. Surya Power Magic has 2 institutional investors.
Here is the list of recent funding rounds of Surya Power Magic:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 14, 2014 | 4621936 | Seed | 6948866 | 9016228 | 2615654 | 6204413 |
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Surya Power Magic's founders and board of directors
Founder? Claim ProfileThe founders of Surya Power Magic are Koniah Ravindranath Karthic and . Abhilash Thirupathy.
Here are the details of Surya Power Magic's key team members:
- Koniah Ravindranath Karthic: Former Co-Founder of Surya Power Magic and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 phone number
- . Abhilash Thirupathy: Former Co-Founder of Surya Power Magic and founder of 2 other companies, Agrifi and Gold Farm. They serve on the board of 1 company.Contact Info: 1 phone number
View details of Surya Power Magic's Founder profiles and Board Members
Surya Power Magic's employee count trend
Surya Power Magic has 18 employees as of Aug 26. Here is Surya Power Magic's employee count trend over the years:
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Surya Power Magic's Competitors and alternates
Top competitors of Surya Power Magic include Sadbhav Future Tech, AgriVijay and Claro Energy. Here is the list of Top 10 competitors of Surya Power Magic, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Sadbhav Future Tech 2020, Gurugram (India), Seed | Provider of on-grid and off-grid solar power solutions and pumps | $4.21M | 65/100 | |
2nd | Retailer of renewable energy products for agricultural and rural households | $301K | 61/100 | ||
3rd | Claro Energy 2011, Delhi (India), Series A | Solar powered water pumping solutions | $3.48M | 58/100 | |
4th | Solar-powered water pumping solutions | - | - | 57/100 | |
5th |  Oswal Pumps 2000, Karnal (India), Public | Manufacturer of energy-efficient stainless steel pumps | - | - | 56/100 |
6th |  SunCulture 2012, Nairobi (Kenya), Series B | Solar irrigation solutions empowering smallholder farmers with sustainable technology and financial access | $45.5M | 56/100 | |
7th |  Mecwin Technologies 2017, Bengaluru (India), Seed | Manufacturer of EV motors, solar pumps, controllers, and IoT products | $2.53M | 49/100 | |
8th | Developer of solar powered water pump systems | $2.22M | 43/100 | ||
9th | Supplier of water pumps | - | - | 42/100 | |
10th | Provider of sustainable farming solutions for fruit and vegetable farmers | $6.95M | 41/100 | ||
22nd | Surya Power Magic 2012, Coimbatore (India), Seed | Provider of solar irrigation modules and pumps | $500K | 28/100 |
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Surya Power Magic's Latest cap tables and shareholding
Founders (largest shareholder) own 45.52%, Funds own 36.90%, Enterprises own 9.41% and Angels own 8.16%. The net worth of Surya Power Magic's founders is INR 28.7Cr as of Mar 27, 2017.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 45.52% | 28.7Cr | 2239411 | 7503053 | 9435583 | 1155662 |
Fund | 36.90% | 23.2Cr | 8646595 | 6582104 | 8960869 | 6146694 |
Enterprise | 9.41% | 5.93Cr | 3898253 | 7119345 | 4942861 | 9509843 |
Angel | 8.16% | 5.14Cr | 9018598 | 3336008 | 5789555 | 7926400 |
Total | 100.00% | 63Cr | 5015488 | 1189078 | 3571991 | 9501537 |
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DisclaimerView more details of Surya Power Magic's Shareholding
Surya Power Magic's Investments and acquisitions
Surya Power Magic has made no investments or acquisitions yet.
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