Verified employee & interview reviews

Avaada Energy Reviews

Mumbai, Maharashtra

4.0/ 5

1 review

Avaada Energy Private Limited is a leading clean energy conglomerate and a prominent force in India's renewable energy sector. Established originally on December 29, 2007, and headquartered with its corporate base in New Delhi and registered operations out of Mumbai, Maharashtra, the company has grown into one of the country's most active developers of utility-scale green energy solutions. Avaada strategically integrates solar, wind, hydro, and Battery Energy Storage Systems (BESS) to provide reliable, clean, affordable, and round-the-clock power, supporting India's long-term green energy transition and carbon-mitigation goals. The company possesses a significant operational footprint across multiple Indian states, including large-scale installations and ongoing projects in Rajasthan, Maharashtra, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, Bihar, Haryana, and Tamil Nadu. Driven by a core philosophy inspired by the natural elements, Avaada Group has successfully delivered over 4,000 MW (4 GWp) of installed clean energy capacity and has set an ambitious vision to scale its portfolio to 30 GW of installed capacity with a USD 20 billion asset base by 2030. Beyond power generation, Avaada is a vertically integrated enterprise that has expanded aggressively into modern clean technology ecosystems. Its manufacturing arm, Avaada Electro, specializes in advanced solar PV module and cell production, managing state-of-the-art facilities that include a 6.5 GW module line and a 6 GW cell line, highlighted by major manufacturing expansions in locations like Nagpur, Maharashtra, and Dadri, Uttar Pradesh. Furthermore, the group is a pioneer in next-generation green fuels, developing utility-scale capacities for green hydrogen and its derivatives, such as green ammonia and green methanol. Significant milestones include signing a Memorandum of Understanding (MoU) with the Government of Gujarat to invest INR 36,000 crore in 5 GW of solar, 1 GW of wind, and 5 GWh of battery storage projects, alongside strategic partnerships with bodies like GRIDCO and IIT Bhubaneswar to establish a Centre of Excellence for green hydrogen. Financially, Avaada Energy is an unlisted private limited company backed by major global institutional investors, including the Brookfield Global Transition Fund, PTT Group (Thailand)—which holds a 43% stake through Global Renewable Synergy Co., Ltd. (GRSC)—and the Asian Development Bank (ADB). For the financial year ending March 31, 2025, the company reported a consolidated revenue of INR 2,370 crore, achieving a compounded annual growth rate (CAGR) of 13% over the prior year. Led by Founder and Chairman Vineet Mittal, Avaada maintains a purpose-driven, people-first culture focused heavily on Environmental, Social, and Governance (ESG) principles, aiming to improve lives, champion diversity, and build an eco-driven, sustainable future.