Azure Power Competitors and Similar CompaniesClear all
Azure Power's competitors and similar companies include Mahindra Susten, Apraava Energy, BGR Energy Systems, Lightsource bp, Greenko, KSK Energy Ventures, Tata Power Solar and NextEra Energy Partners.
 BGR Energy Systems BGR Energy Systems (formerly known as GEA Energy System) is a company that manufactures, supplies, and sells capital equipment for power plants. |  Lightsource bp Lightsource bp is a company that specializes in solar development, management, and operations. |  KSK Energy Ventures KSK Energy Ventures is a company that operates and develops power development projects. |  Tata Power Solar Tata Power Solar is a manufacturer and distributor of solar and renewable energy products. |  NextEra Energy Partners NextEra Energy Partners (NEP) is a company that acquires, owns, and manages contracted clean energy projects. | |||||
Founding Date | Founding Date 2008 | Founding Date 2010 | Founding Date 2002 | Founding Date 1985 | Founding Date 2010 | Founding Date 2004 | Founding Date 2001 | Founding Date 1989 | Founding Date 2014 |
Type | Type Public | Type Subsidiary | Type Subsidiary | Type Public | Type Subsidiary | Type Private | Type Private | Type Subsidiary | Type Public |
Tags | |||||||||
Locations | Locations Gurugram, IN HQ New Delhi, IN | Locations Mumbai, IN HQ Mumbai, IN New Delhi, IN | Locations Mumbai, IN HQ | Locations Chennai, IN HQ Nellore, IN | Locations Hyderabad, IN HQ New Delhi, IN | Locations Hyderabad, IN HQ | Locations Mumbai, IN HQ Bengaluru, IN Kolkata, IN Noida, IN | Locations North Palm Beach, US HQ | |
Employees | Employees 4279% decrease | Employees 5451% increase | Employees 6212% increase | Employees 1,12738% decrease | Employees 1,236 | Employees 2,7441% increase | Employees 965 | Employees 3,0051% increase | Employees N/A |
Valuation ($) | Valuation ($) 51.3 m | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) 1.9 b |
Financial | |||||||||
Revenue (est.) | Revenue (est.) ₹20.5b (FY, 2025) | Revenue (est.) N/A | Revenue (est.) $6.2b (FY, 2024) | Revenue (est.) ₹4.5b (FY, 2025) | Revenue (est.) N/A | Revenue (est.) $693.2m (FY, 2023) | Revenue (est.) N/A | Revenue (est.) N/A | Revenue (est.) $1.2b (FY, 2025) |
Cost of goods | Cost of goods ₹1.8b (FY, 2025) | Cost of goods N/A | Cost of goods N/A | Cost of goods ₹5.2b (FY, 2025) | Cost of goods N/A | Cost of goods $70.4m (FY, 2023) | Cost of goods N/A | Cost of goods N/A | Cost of goods N/A |
Gross profit | Gross profit ₹18.7b (FY, 2025) | Gross profit N/A | Gross profit N/A | Gross profit ₹398.2m (FY, 2025) | Gross profit N/A | Gross profit $622.8m (FY, 2023) | Gross profit ₹3.8m (FY, 2020) | Gross profit N/A | Gross profit N/A |
Net income | Net income (₹3.1b) (FY, 2025) | Net income N/A | Net income $903m (FY, 2024) | Net income (₹9.7b) (FY, 2025) | Net income £3.5m (FY, 2023) | Net income $14.2m (FY, 2023) | Net income ₹2.8b (FY, 2020) | Net income N/A | Net income ($436m) (FY, 2025) |
Funding | |||||||||
Total funding raised | Total funding raised $ 317.2m | Total funding raised N/A | Total funding raised N/A | Total funding raised N/A | Total funding raised $ 825m | Total funding raised $ 3.3b | Total funding raised N/A | Total funding raised N/A | Total funding raised $ 900m |
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Mahindra Susten
HQ
Mumbai, IN
Mahindra Susten is a company that specializes in renewable energy solutions.
View company
Apraava Energy
HQ
Mumbai, IN
Apraava Energy (formerly CLP India) is a company that provides energy solutions.
View companyBGR Energy Systems
HQ
Chennai, IN
Employees
1,127↓ 38% decrease
BGR Energy Systems (formerly known as GEA Energy System) is a company that manufactures, supplies, and sells capital equipment for power plants.
View companyLightsource bp
HQ
London, GB
Lightsource bp is a company that specializes in solar development, management, and operations.
View company