Mindra Green Energy

What Mindra Green Energy does

Mindra Green Energy is a privately-held solar energy company headquartered in Ahmedabad, India, founded in 2017. The company positions itself as an innovator and manufacturer of high-end power electronic products, serving the solar energy value chain. Its product portfolio centers on power electronics components used in solar applications, though the source material did not surface specific product SKUs, technical specifications, or differentiated platform architecture; the corporate website returned a verification/loading screen, limiting product-level visibility.

The company employs 101-250 people, indicating it has scaled beyond founder-led operations into a mid-sized manufacturing organization. Its co-founders, Jainam Shah and Khushbu Shah, hold founder designations, and the company is registered as a for-profit private entity. The business is India-domiciled with no disclosed international operating footprint or customer geographies beyond what can be inferred from the solar sector context.

Capital structure visibility is limited. Only one funding round is recorded in the available data — a January 2022 round with Beej Network as a disclosed investor — and the round amount was not stated. No subsequent raises, revenue figures, customer logos, certifications, patents, or distribution partnerships were disclosed. The absence of these data points represents a material diligence gap for any prospective investor or acquirer evaluating the company.

Name

Mindra Green Energy

Website

https://mindragreen.com

Company type

Private

Founded year

2017

Headcount range

101–250 employees

Short description

India-based solar energy company founded in 2017 and headquartered in Ahmedabad that designs and manufactures high-end power electronic products for the solar sector, employing 101-250 people.

Ownership category

akta.pro rank

Product category

Solar Power Electronics

NAICS

Electrical Equipment, Appliance, and Component Manufacturing (335)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar Inverters, Power Optimizers & MLPE Manufacturing (EUAMAHAB)

akta.pro secondary industry

Solar Inverters, Power Electronics & MLPE (String/Central Inverters, Optimizers, Microinverters) (EUAMABAE)

Keywords

• Solar power electronics
• Photovoltaic inverters
• Solar energy manufacturing
• Renewable energy equipment
• Power conversion products

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Core offering

Mindra Green Energy manufactures high-end power electronic products for the solar energy sector. The company operates as an innovator and producer of power conversion hardware — including equipment used in photovoltaic power systems — designed for buyers deploying solar generation capacity. Its operations combine proprietary product design with in-house manufacturing.

Differentiator

Problem solved

Functional benefit

Products and services

• High-end power electronic products for solar energy Designer- and manufacturer-built power electronic hardware — including power conversion equipment used in photovoltaic power systems — sold to businesses deploying solar generation capacity.

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Expansion highlights2 records

Direct peers

• Sungrow Power Supply: One of the world's largest manufacturers of solar inverters (string, central, hybrid) and energy storage systems. Directly comparable to Mindra as a power-electronics OEM serving utility, commercial, and residential PV markets, with both competing for Indian utility-scale tenders.
• SMA Solar Technology: German-headquartered manufacturer of solar inverters (residential, commercial, and utility-scale) and energy management systems. Closely comparable high-end power-electronics positioning, with global EPC and developer channels that compete with Mindra for premium inverter accounts.
• GoodWe: China-based manufacturer of solar inverters, hybrid inverters, and battery storage systems. Comparable product portfolio covering residential, C&I and utility segments, and a direct competitor on cost-performance ratio in tenders relevant to Indian developers.
• Sineng Electric: China-based manufacturer specializing in string and central inverters for utility-scale, commercial, and industrial solar. Strongly comparable to Mindra in product category, with both targeting utility-scale EPC business in fast-growing markets including India.
• Ginlong Solis: Manufacturer of string inverters for residential, C&I, and utility-scale solar. Comparable competitor in the same string-inverter category Mindra operates in, particularly for distributed generation and small-to-mid-scale solar projects.
• SolarEdge Technologies: Manufacturer of power optimizers, inverters, and monitoring systems for solar PV. Directly comparable in the MLPE and inverter category, with similar focus on module-level electronics and software-monitoring stacks that Mindra's high-end power-electronics positioning implies.
• Enphase Energy: Manufacturer of microinverters and AC batteries for residential and small commercial solar. Comparable as a high-end power-electronics PV company with strong software/service attach, even though the core topology (microinverter vs string) differs.

Broad incumbents

• Huawei Digital Power: Major global supplier of solar inverters (FusionSolar line) and smart PV solutions, and a broader incumbent in digital power, storage, and EV charging. Overlaps directly with Mindra's inverter offerings while operating at much greater scale and geographic breadth.

Regional players

• Waaree Energies: India-based manufacturer of solar PV modules and EPC solutions, and a dominant domestic supplier through India's ALMM list. Comparable as a local Indian renewable-equipment manufacturer competing in the same domestic policy-supported ecosystem as Mindra.
• Tata Power Solar Systems: India-based subsidiary of Tata Power operating in solar EPC, rooftop solar, and module manufacturing. Comparable as an Indian-headquartered solar player with deep domestic channels and brand trust that any local inverter maker, including Mindra, must compete against.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mindra-green-energy-llp

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Mindra Green Energy