When was Waaree Energies founded?

Waaree Energies was founded in 1989.

Where is Waaree Energies located?

Waaree Energies is located in Mumbai, India .

Who is the current CEO of Waaree Energies?

Amit Paithankar is the current CEO of Waaree Energies.

Which legal entities is Waaree Energies associated with?

Waaree Energies is associated with Waaree Energies Limited and 12 others.

How many employees does Waaree Energies have?

Waaree Energies has 1282 employees as of Sep 30, 2024.

When was the latest funding round of Waaree Energies?

Waaree Energies's latest funding round was on Sep 07, 2022.

What is the annual revenue of Waaree Energies?

Annual revenue of Waaree Energies is 鈧�11,600颁谤 as on Mar 31, 2024.

Where does Waaree Energies rank among its competitors?

Waaree Energies ranks 1 amongst 96 active competitors.

Who are the top competitors of Waaree Energies?

Waaree Energies' top competitors are Kyocera, Livguard and Trina Solar.

Waaree Energies - 2025 Company Profile, Funding, Competitors & Financials

Company Details

Provider of solar PV module. It is solar panel manufacturer, boasting an operational capacity of 12 GW for solar PV modules such as mono PERC, bifacial, BIPV, flexible, and polycrystalline modules. It offers EPC services, project development, rooftop solutions, and solar water pumps, and is also an independent power producer.

Website
Social
Email ID: @waaree.com
Phone Number: +91

Key Metrics

Founded Year

1989

Location

Mumbai, India

Stage

Public

Total Funding

in 4 rounds

Latest Funding Round

Ranked

1^st among

Annual Revenue

as on Mar 31, 2024

Employee Count

as on Sep 30, 2024

Investment & Acquisitions

Vidyakul &

Similar Companies

Exit Details

Public

Legal entities associated with Waaree Energies

Waaree Energies is associated with 13 legal entities given below:

Legal Entity Name	Date of incorporation	Revenue	Net Profit	Employee Count
Waaree Pv Technologies Private Limited	Oct 23, 1985	$1.11M (as on Mar 31, 2022)	899	226
Waaree Power Private Limited	Dec 16, 2019	NaN (as on Mar 31, 2022)	472	199
Wmmp Tech Private Limited	May 21, 2007	-	344	839
Omntec Waaree Atg Pvt. Ltd.	Jan 23, 2007	-	229	760
Waaree Technologies Limited	Jun 27, 2013	$3.49M (as on Mar 31, 2024)	543	321
Waaree Solar Private Limited	Jul 26, 2010	-	765	595
Waaree Infrastructure & Agritech Private Limited	Aug 26, 1998	NaN (as on Mar 31, 2021)	509	796
Waaree Renewable Technologies Limited	Jun 21, 1999	$20.6M (as on Mar 31, 2022)	611	719
Waaree 5r Private Limited	Mar 29, 2021	-	878	503
Waaree Renewables Private Limited	Sep 26, 2010	$48.9M (as on Mar 31, 2021)	922	154
Waaree Ess Private Limited	Dec 30, 2019	$4.56M (as on Mar 31, 2023)	769	442
Waaree Energies Limited	Dec 17, 1990	$1.41B (as on Mar 31, 2024)	531	186
Sunmount Engineering Llp	Mar 03, 2015	-	628	624

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Waaree Energies has raised a total funding of $263M over 4 rounds. Its first funding round was on Mar 08, 2014. Its latest funding round was a Unattributed round on Sep 07, 2022 for $247M. 97 investors participated in its latest round, lead by .

Waaree Energies has 43 institutional investors including , Founder Collective and . Founder Collective is the largest institutional investor in Waaree Energies. There are 106 Angel Investors in Waaree Energies.

Here is the list of recent funding rounds of Waaree Energies:

Date of funding	Funding Amount	Round Name	Post money valuation	Revenue multiple	Investors
Sep 07, 2022	$247M	Unattributed	1744493	6533248	, Founder Collective, and
Dec 20, 2017	$15.6M	Unattributed	2435324	6264488
Dec 08, 2014	$177K	Unattributed	1744317	1099545	Samir Shah, Trusha Jhaveri, and

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Waaree Energies's board has 7 active members. Hitesh Chimanlal Doshi and are part of team and , , , and are independent board members.

View details of Waaree Energies's Founder profiles and Board Members

Waaree Energies's employee count trend

Waaree Energies has 1,282 employees as of Sep 24. The total employee count is 31.2% more than what it was in Sep 23. Here is Waaree Energies's employee count trend over the years:

Employee count trend for Waaree Energies

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Top competitors of Waaree Energies include Kyocera, Livguard and Trina Solar. Here is the list of Top 10 competitors of Waaree Energies, ranked by 秘密研究所 score :

Overall Rank	Company Details	Short Description	Total Funding	Investors	秘密研究所 Score
1st	Waaree Energies 1989, Mumbai (India), Public	Provider of solar PV module	$263M	Founder Collective, Peak Sustainability Ventures听&补尘辫;听	74/100
2nd	Kyocera 1959, Horse Shoe (United States), Public	Manufactures ceramics and electronic products	-	Earth & Beyond Ventures	69/100
3rd	Livguard 2014, Gurugram (India), Series B	Manufacturer of automotive batteries and solar products	$65.1M	ChrysCapital, Link Investment Trust听&补尘辫;听	67/100
4th	Trina Solar 1997, San Jose (United States), Public	Developer of photovoltaic cells for PV and smart energy solutions	$40M	Merrill Lynch, CDH听&补尘辫;听	64/100
5th	1993, Ahmedabad (India), Public	Developer of solar energy projects	-		62/100
6th	Adani Solar 2014, Ahmedabad (India), Unfunded	Producer of solar cells and modules	-	-	57/100
7th	Goldi Solar 2011, Surat (India), Seed	Manufacturer of solar photovoltaic module	$1.9M	听&补尘辫;听	55/100
8th	Su-Kam Power Systems 1988, Gurugram (India), Early Stage	Manufacturer of solar panels and powered storage products	$9.94M	Kantaloop, Reliance Capital听&补尘辫;听	54/100
9th	Saatvik Green Energy 2015, Gurugram (India), Unfunded	Manufacturers of solar PV modules	-	-	54/100
10th	Navitas Solar 2013, Surat (India), Series A	Manufacturer of solar panel	$5.15M	IVY Growth Associates, Lemon Emerging Ventures听&补尘辫;听	54/100

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Founders own 6.46%, Funds own 1.15%, Parent Entities (largest shareholder) own 21.95% and Enterprises own 19.32%. The net worth of Waaree Energies's founders is INR 937Cr as of Oct 04, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative investment	Realised returns	Unrealised returns	Return multiple
Founder	6.46%	937Cr	197042	931584	959462	370914
Fund	1.15%	166Cr	8	3	3	8
Founder Collective	0	0	0	0	0	0
Parent Entity	21.95%	3,180Cr	5120831	9936790	7809891	5207894
Enterprise	19.32%	2,800Cr	1714796	1948281	2579053	5155862
Angel	3.52%	512Cr	597	528	747	782
Samir Shah	0	0	0	0	0	0
Sangita Shah	0	0	0	0	0	0
Trusha Jhaveri	0	0	0	0	0	0
Other People	44.30%	6,420Cr	4531261	8032730	7632750	7690943
ESOP Pool	1.03%	149Cr	8	4	6	2
Other Investors	2.24%	325Cr	41	89	32	11
Total	99.97%	14,500Cr	9511117	2218359	3928567	7057893

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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

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Waaree Energies has not made any acquisitions yet. Waaree Energies has made 5 investments. Here is the list of latest three investments:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 11, 2022	Investments	Vidyakul	2017	Gurugram, India
Jun 01, 2021	Investments	Avishkaar	2010	Delhi, India
Mar 20, 2021	Investments	Kashware	2019	Gurugram, India

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Here is the latest report on Waaree Energies's sector:

Free

Solar Energy - Sector Report

Edition: January, 2025 (80 Pages)

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Media has covered Waaree Energies for a total of 74 events in the last 1 year, 34 of them have been about company updates and 2 about people movement.