Startup
Saran Renewable Energy
Biomass-gasifier power company set up in 2006 in Saran district. By 2010 its 120 kW plant at Garkha supplied electricity to more than 200 homes, small businesses, a school and a medical centre.
CleanTechOperating unverifiedGarkha, Bihar
Good to know: No reporting after July 2010 was located.
What's confirmed
4 sourced facts
- Set up in 2006 by Vivek Gupta with his father and cousin Ramesh Kumar, starting with an investment of Rs 80 lakh and a bank loan (ET, July 2010).
- Ran a 120 kW biomass gasification plant at Garkha, Saran, using locally grown dhaincha as the main fuel, and supplied 8-10 hours of power a day at Rs 8-10 a unit (company statement).
- Had recently raised Rs 6 crore from a domestic private equity fund for a 46% stake (ET, July 2010).
- Revenue of Rs 1.5 crore in FY2009-10 (company statement).
Still to be confirmed
4 open questions
- Name of the private equity investor and the exact date of the investment; ET reported it as recent in July 2010.
- Any activity after 2010. No later reporting was located, which is not evidence of closure.
- Whether the planned 30-60 kW village plants and 4-6 MW district plants were built.
- Registered company name and incorporation date.
Funding rounds (1)
Newest first. The status column separates closed rounds from planned raises, TV offers and sanctioned support.
| Date | Round | Amount | Investors | Status | Source |
|---|---|---|---|---|---|
Private equity Equity | ₹6 Cr | Domestic private equity fund (unnamed) | Closed | The Economic Times |
Reported financials
| Year | Operating revenue | Net profit | Note |
|---|---|---|---|
| FY2009-10 | ₹1.5 Cr | Undisclosed | Company statement to ET, not from filings. |
Sources (1)
Who reported it, when, and what they cover
| Publisher | Published | Covers | Link |
|---|---|---|---|
The Economic Times Established news |
| Open source (opens in a new tab) |
Record ID: BIHAR-SU-013Dataset last checked Spotted an error? Report a correctionHow corrections work