Inox Green Energy Services

Name

Inox Green Energy Services

Legal name

Inox Green Energy Services Limited

Website

https://inoxgreen.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Inox Green Energy Services is India's largest listed renewable energy O&M operator, managing 13.35+ GW of wind and solar assets across 12 states for IPPs and corporate buyers including Tata, ReNew, Greenko, Apraava, Hindustan Zinc, and Amazon.

Ownership category

akta.pro rank

Product category

Wind Power Operations & Maintenance

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

Utility-Scale Renewable O&M (Solar, Wind, Hydro, Geothermal) (EUAMAGAA)

akta.pro secondary industries

Renewable Energy Asset O&M (Wind, Solar, Hydro, Geothermal) (EUAEAGAB), Remote Operations, Control Room & Digital O&M (Monitoring, Diagnostics) (EUAEAGAM)

Keywords

• Wind power operations
• Renewable energy maintenance
• Turbine maintenance services
• SCADA remote monitoring
• Solar project O&M

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others, Marketing or Sales

Revenue model

1. Wind O&M Services: Long-term operation and maintenance contracts for wind turbine generators and common infrastructure facilities supporting power evacuation from wind farms. Revenue is recurring in nature as multi-year service agreements with IPPs and wind farm operators.
2. Solar O&M Services: Operations and maintenance services for solar power projects, including the 625 MWp Bhadla solar project and expanded solar portfolio exceeding 3 GW.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Inox Green Energy Services Limited provides long-term operations and maintenance (O&M) services for wind turbine generators (WTGs) and the common infrastructure facilities on wind farms that support power evacuation. The offering spans WTG Operation Services with SCADA-based remote monitoring, predictive maintenance, reactive maintenance, DISCOM coordination, and ISO-aligned management systems. Following its 2026 demerger, the company is focused exclusively on the asset-light, high-margin renewable O&M business managing 13.35+ GW across 12 Indian states, and has expanded into solar O&M.

Product overview

INOX Green Energy Services operates as a single unified offering: a comprehensive wind power O&M service provider. The company's core product is its integrated operations and maintenance services for wind turbine generators (WTGs) and common wind farm infrastructure. This encompasses WTG Operation Services using SCADA for remote monitoring, Predictive Maintenance leveraging wt SCADA for early failure detection, Reactive Maintenance for component repairs, DISCOM Coordination for power evacuation, and Management Systems implementation. Following the 2026 demerger, the heavy infrastructure (power evacuation) business separated into Inox Renewable Solutions (IRSL), leaving Inox Green focused exclusively on the high-margin asset-light O&M business managing over 13 GW of renewable energy assets.

Differentiator

Problem solved

Functional benefit

Products and services

• WTG Operation Services Wind turbine generator operation services for wind farm owners and IPPs, including remote monitoring and control through SCADA systems to ensure prime functioning of wind farms and power evacuation infrastructure.
• Predictive Maintenance Scheduled and predictive maintenance service using wt SCADA tools to detect potential component failures in advance, with regular inspections enhanced during peak wind seasons.
• Reactive Maintenance Maintenance service addressing component failures as they occur in wind turbine generators, undertaking repairs when issues arise.
• DISCOM Coordination Services Coordination services with distribution companies (DISCOMs) covering timely reading of energy meters and other coordination activities for power evacuation from wind farms.
• Management Systems Implementation Implementation of Quality, Safety and Environment management systems aligned with the latest ISO standards (ISO 9001, ISO 14001) for own and outsourced staff operating wind assets.
• Solar Project O&M Services Operations and maintenance services for solar power projects, including panel maintenance, inverter services, and grid management for solar project developers and operators.

Quantifiable outcome

• 417.12% YoY increase in FY26 net profit to ₹102.39 crore
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Wind World IndiacoreStrategic or Co-development Partner · 19 February 2026Inox Green acquired Wind World India's O&M arm (4.5 GW portfolio) as part of INOXGFL Group's NCLT-approved resolution plan. Transaction valued at approximately ₹2,800 crore, with Inox Green taking the O&M business and Inox Clean Energy acquiring the 600 MW IPP portfolio. Serves clients including Tata Group, ReNew, Greenko Group, Apraava Energy, and Hindustan Zinc.
• KEC InternationalcoreStrategic or Co-development Partner · 20 January 2026Inox Green entered agreement with KEC International to provide O&M services for 625 MWp solar project at Bhadla, Rajasthan. This expanded Inox Green's solar O&M portfolio to exceed 3 GW, with total renewable O&M capacity surpassing 13 GW.
• Vibrant Energy (Macquarie Asset Management)coreStrategic or Co-development Partner · 19 December 2025Inox Green acquired Vibrant Energy, a renewable platform owned by Macquarie Asset Management, at an equity value of $200 million. Vibrant operates approximately 800 MW of renewable energy capacity with 3 GW pipeline, primarily serving corporate clients including Amazon.
• KP GroupcoreStrategic or Co-development Partner · 19 November 2025Strategic partnership through MoUs with KP Group companies to provide O&M services for 5 GW of renewable projects (2.5 GW wind and 2.5 GW solar), enhancing market positioning and expanding footprint across multiple Indian states.
• Catalyst Trusteeship LimitedminorOthersDebenture trustee for Inox Green's market linked debentures (ISIN-INE510W08035). Office: 810, 8th Floor, Kailash Building, 26 Kasturba Gandhi Marg, New Delhi 110 001.

Scale indicators18 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Suzlon Energy: India's largest domestic wind turbine OEM with a substantial captive and third-party O&M business servicing its own installed base. Directly competes for Indian wind O&M contracts alongside Inox Green.

Broad incumbents

• Inox Wind Limited: Parent company and Indian wind OEM; Inox Wind provides EPC and turbine supply while Inox Green provides downstream O&M. Sister entity with overlapping customer base and shared promoter control.
• Vestas: Global wind OEM with significant India presence and a multi-decade service business. Competes for both supply and long-term O&M contracts on newer turbine platforms across Indian wind farms.
• Siemens Gamesa: Major wind OEM with Indian installed base and integrated service offering. Provides bundled warranty and O&M services that compete with third-party providers like Inox Green.
• GE Renewable Energy: Global wind OEM with India service operations and long-term service agreements. Competes for third-party O&M and competes with Inox Green for high-value contracts.

Regional players

• Adani Green Energy: India's largest renewable IPP with significant in-house O&M capability. While primarily a captive operator, it represents both a potential customer and competitor in the Indian O&M market.
• Tata Power Renewable Energy: Major Indian renewable IPP with integrated O&M. Operates captive O&M but also contracts third-party services, making it both a customer (already in Inox Green's roster) and benchmark.
• ReNew Power: One of India's largest renewable IPPs and an existing Inox Green customer. Maintains in-house O&M capabilities for select assets; benchmark for utility-scale renewable asset management in India.
• Greenko Group: Large Indian renewable IPP with energy storage and hybrid projects. Existing Inox Green customer but maintains in-house O&M teams for newer assets; competitive overlap in Indian O&M market.

Emerging players

• Sterling and Wilson Renewable Energy: Indian solar EPC and O&M provider with significant solar operations and maintenance business. Direct competitor in the Indian solar O&M segment where Inox Green is expanding.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/inoxwind
• LinkedInlinkedin.com/company/inoxgreen

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Inox Green Energy Services