Mytrah Energy
Mytrah Energy is a London-headquartered renewable energy group operating utility-scale wind and solar generation in India through its wholly-owned subsidiary Mytrah Energy (India) Limited. Founded in 2009, it sells power to state distribution utilities under long-term PPAs, backed by global institutional investors.
- Company typePrivate
- Founded2009
- HeadquartersLondon, United Kingdom
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Mytrah Energy does
Mytrah Energy is a London-headquartered renewable energy group operating its India business through Mytrah Energy (India) Limited (MEIL), a wholly-owned Indian subsidiary. Founded in 2009, the company developed and operated utility-scale wind and solar power generation assets across India, generating electricity sold to state-owned distribution companies under long-term Power Purchase Agreements that are standard in the Indian Independent Power Producer (IPP) model. The parent entity was domiciled in Guernsey and listed on the AIM segment of the London Stock Exchange (ticker: MYT), before being delisted.
Between 2014 and 2017, Mytrah raised approximately $601M across four funding rounds, drawing capital from a sophisticated syndicate that included the Asian Development Bank, Goldman Sachs, Bank of America Merrill Lynch, Apollo, APG Asset Management, AION Capital Partners, IDFC Private Equity, and Piramal Finance. The escalating size of successive rounds ($70M, $60M, $175M, $296M) is consistent with a capital-intensive build-out strategy expanding generation capacity across multiple Indian states during India's renewable energy policy push.
The business model is that of a typical Indian renewable IPP: capital is deployed to commission wind and solar generation assets, with revenue derived from contracted PPAs with state DISCOMs and central utilities, supplemented where applicable by Renewable Energy Certificates. Operating geographies, headcount (501-1,000 employees), and institutional investor depth indicate a multi-state operational footprint. Governance is led by Chairman Ravi Kailas. The input does not provide current installed capacity, project pipeline, offtake counter-party mix, or post-2017 operational metrics, limiting visibility into the company's present scale and financial trajectory.
Mytrah Energy firmographics
Firmographics- Name
- Mytrah Energy
- Website
- https://mytrah.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Mytrah Energy is a London-headquartered renewable energy group operating utility-scale wind and solar generation in India through its wholly-owned subsidiary Mytrah Energy (India) Limited. Founded in 2009, it sells power to state distribution utilities under long-term PPAs, backed by global institutional investors.
- Ownership category
- akta.pro rank
Mytrah Energy industry classification
Industry- Product category
- Wind Power Generation
- NAICS
- Wind Electric Power Generation (221115), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)
- akta.pro secondary industries
- Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled) (EUAMACAH), Onshore Wind Power Generation (Utility-Scale) (EUACAFAA), Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE)
Keywords
Where Mytrah Energy is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Mytrah Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Infrastructure, Operations, Personnel
Mytrah Energy product offering
Product offeringCore offering
Mytrah Energy develops, constructs, and operates wind energy projects in India, generating renewable electricity that is sold to utilities and industrial off-takers. Through its operating subsidiary Mytrah Energy (India) Limited (MEIL), the company builds and manages a portfolio of wind power assets.
Differentiator
Problem solved
Functional benefit
Products and services
- Wind Energy Power Generation
Companies that use Mytrah Energy
Customer profileIdeal customer profiles1 record
Mytrah Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Mytrah Energy partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights4 records
Mytrah Energy competitors and assessment
Company assessmentDirect peers
- ReNew Power: ReNew is a leading Indian IPP with a large wind and solar generation portfolio supplying contracted power to utilities and corporates. It directly overlaps Mytrah on customer segments (utilities/C&I), geography (India), and product (utility-scale wind and hybrid projects).
- Hero Future Energies: Hero Future Energies is a mid-sized Indian wind and solar IPP with operations comparable in scale and geography to Mytrah. It competes directly in the Indian wind tender market and serves similar utility and C&I customers.
- Greenko Group: Greenko is one of India's largest independent renewable energy producers operating wind, solar and hydro assets across the country. It is the most direct functional comparable to Mytrah as an Indian wind IPP competing for SECI tenders and serving DISCOM and C&I offtakers.
- Continuum Wind Energy: Continuum is an India-focused wind IPP with operational assets and a development pipeline comparable to Mytrah's profile. It is a direct functional peer in the same utility-scale Indian wind generation segment.
Broad incumbents
- Brookfield Renewable (India): Brookfield's renewable arm has built a large Indian wind and solar portfolio through acquisitions including Cleanmax and others. It is a global incumbent active in the same Indian wind market and a potential strategic acquirer of mid-sized wind IPPs like Mytrah.
- Suzlon Energy: Suzlon is India's largest domestic wind turbine manufacturer and historically also a wind farm developer/operator. While its primary business is equipment manufacturing, its IPP arm makes it an incumbent competitor and ecosystem participant in the same Indian wind generation market.
- Adani Green Energy: Adani Green Energy is a publicly listed, large-cap Indian renewable IPP with a multi-gigawatt portfolio spanning wind, solar and hybrid. It is a broader incumbent in the same Indian renewables market where Mytrah operates, competing for SECI tenders and offtake contracts.
- Tata Power Renewables: Tata Power's renewable energy subsidiary operates one of India's largest wind and solar portfolios as part of the broader Tata group utility. It is a broad incumbent peer competing for utility-scale renewable PPAs in India.
Emerging players
- Azure Power: Azure Power is an Indian solar-focused IPP that has begun expanding into wind and hybrid projects. It is an emerging player with partial overlap to Mytrah, increasingly competing in the same hybrid renewable tenders.
Regional players
- Sembcorp Industries (India renewables): Sembcorp's Indian renewable energy arm develops and operates wind and solar projects in India as part of its broader Asia-Pacific portfolio. It is a regional peer that competes for the same SECI and state-level wind tenders in India.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Mytrah Energy social profiles
Digital presenceMytrah Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mytrah Energy leadership team
Management profileNumber of profiles
Profiles1 record
Mytrah Energy funding detail
Funding detailFunding overview
Funding rounds4 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mytrah Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mytrah Energy
What does Mytrah Energy do?
Mytrah Energy develops, constructs, and operates wind energy projects in India, generating renewable electricity that is sold to utilities and industrial off-takers. Through its operating subsidiary Mytrah Energy (India) Limited (MEIL), the company builds and manages a portfolio of wind power assets.
When was Mytrah Energy founded?
Mytrah Energy was founded in 2009. It employs 501 to 1,000 people.
Where is Mytrah Energy based?
Mytrah Energy is headquartered in London, United Kingdom, in the Europe region.
Who are Mytrah Energy's main competitors?
Direct peers on record are ReNew Power, Hero Future Energies, Greenko Group and Continuum Wind Energy. Broad incumbents are Brookfield Renewable (India), Suzlon Energy, Adani Green Energy and Tata Power Renewables. Azure Power is listed as an emerging player. Sembcorp Industries (India renewables) is listed as a regional player.
Does Mytrah Energy have an API?
No public API is recorded for Mytrah Energy.
What industry is Mytrah Energy in?
Mytrah Energy's product category is Wind Power Generation. Its primary akta.pro industry code is EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations), with a secondary code of EUAMACAH, Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled). Its NAICS code is 221115 and its SIC code is 4991.