Swid
Swid is a Pune-based renewable energy EPC company that designs, finances, installs, and maintains solar PV, wind, BESS, and emerging green hydrogen systems for industrial, commercial, and utility-scale clients across India using 220+ in-house employees.
- Company typePrivate
- Founded2016
- HeadquartersPune, India
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Swid does
Swid Renewables Limited is a Pune-headquartered renewable energy EPC (Engineering, Procurement, and Construction) company incorporated in 2016. The firm designs, finances, installs, and maintains solar photovoltaic, wind, and Battery Energy Storage Systems (BESS) for industrial, commercial, and utility-scale clients across India, with green hydrogen solutions listed as under development. The company reports 220+ full-time in-house employees — including 30+ dedicated EHS professionals — executing the full project lifecycle (design, procurement, construction, commissioning, and ongoing maintenance) without third-party contractors, and claims a zero-incident safety record across 70+ MWp of installations.
The company's revenue model is anchored in project-based EPC fees for solar, wind, and BESS installations, supplemented by ongoing operations and maintenance contracts and a 100% project financing offering spanning Capex, PPA, loan, and lease structures with no collateral requirements. Two wholly-owned subsidiaries — Tessaract Solar Park MH One Private Limited and Tessaract Solar Park MH Two Private Limited — extend the business into solar park development and operations. Customer segments are split across Industrial (manufacturing plants), Commercial (offices, retail, hospitality), and Utility-scale (solar parks, wind installations), with 300+ customers served across 9+ Indian states and a disclosed cumulative turnover of ₹300+ Crores.
Notable enterprise customers include Atlas Copco, Kirloskar, Barry Callebaut, Force Motors, EKA Mobility, SANY, Senvion, Mapro, and Roca, with individual installation sizes ranging from 100 kWp to over 1 MWp. Leadership comprises Managing Director Ishan Shahade, Director Vishnu Shahade, Whole-time Director Anuja Godbole, Independent Directors Sachin Vora and Stanley Vicktor, CFO Dhananjay Gore, COO Mahesh Raut, and Company Secretary Prachi Joshi. The company remains privately held with no disclosed external venture or private equity backing.
Swid firmographics
Firmographics- Name
- Swid
- Legal name
- Swid Renewables Limited
- Website
- https://swid.in
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Swid is a Pune-based renewable energy EPC company that designs, finances, installs, and maintains solar PV, wind, BESS, and emerging green hydrogen systems for industrial, commercial, and utility-scale clients across India using 220+ in-house employees.
- Ownership category
- akta.pro rank
Swid industry classification
Industry- Product category
- Renewable Energy EPC Services
- akta.pro primary industry
- Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)
- akta.pro secondary industries
- Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)
Keywords
Where Swid is headquartered
LocationHeadquarters
- HQ city
- Pune
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Swid business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Solar EPC Services: Engineering, procurement, and construction services for solar installations. Revenue generated through project-based fees for design, installation, and commissioning of solar PV systems for industrial, commercial, and utility-scale clients.
- Wind Energy Solutions: Turnkey wind energy system installation and maintenance services for commercial and industrial clients.
- Battery Energy Storage Systems (BESS): Design, installation, and maintenance of battery storage solutions for businesses.
- Operations & Maintenance Services: Ongoing maintenance services for installed renewable energy systems ensuring reliable performance and longevity.
- Project Financing: Company provides 100% financing options (Capex to PPA, loan to lease) at no collaterals, generating revenue through financing arrangements.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Swid product offering
Product offeringCore offering
Swid designs, finances, installs, and maintains turnkey renewable energy systems (solar photovoltaic, wind, and battery energy storage) for industrial, commercial, and utility-scale clients across India. The company delivers complete in-house EPC services with 100% financing options (Capex, PPA, loan, lease) at no collateral, supported by a 220+ full-time employee workforce that handles every stage from design through commissioning and ongoing operations and maintenance.
Product overview
Swid is a renewable energy company offering integrated solar and wind energy solutions for industrial, commercial, and utility-scale clients. The core offerings include Solar EPC (Engineering, Procurement, Construction) and Battery Energy Storage Systems (BESS), complemented by wind energy solutions. The company also provides turnkey EPC services covering the full lifecycle from design through commissioning and maintenance, along with flexible financing options (Capex, PPA, loan, lease). Green hydrogen solutions are currently under development. All services are delivered through Swid's in-house team of 220+ full-time employees, eliminating third-party contractors.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar EPC
- Wind Energy Solutions
- Battery Energy Storage Systems (BESS)
- Turnkey EPC Services
- Operations & Maintenance Services
- Financing Solutions
Quantifiable outcome
- Zero-incident safety record across 70+ MWp of installations
- +3 more outcomes
Companies that use Swid
Customer profileNamed customers16 records
Segments3 records
Ideal customer profiles3 records
Swid technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Swid partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Tessaract Solar Park MH One Private LimitedcoreSubsidiary company of Swid Renewables Limited focused on solar park development and operations
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Swid competitors and assessment
Company assessmentDirect peers
- Tata Power Solar Systems: One of India's largest solar EPC companies delivering utility-scale and C&I solar installations, directly comparable to Swid across customer segments, geographies, and EPC delivery model.
- Vikram Solar: Solar PV manufacturer and EPC operating across utility-scale, C&I, and rooftop segments in India, competing for the same enterprise EPC contracts as Swid.
- CleanMax Enviro Energy: C&I solar PPA and EPC specialist in India, comparable to Swid in offering zero-upfront-capex solar solutions to enterprise customers.
- Gensol Engineering: Solar EPC and module mounting structure manufacturer serving C&I and utility-scale clients in India, directly comparable to Swid in the industrial solar EPC space.
- Waaree Energies: Indian solar module manufacturer and EPC serving C&I and utility-scale customers, comparable to Swid in delivering turnkey solar installations to enterprise clients.
- AMP Energy India: Developer and EPC of utility-scale and C&I renewable projects in India, comparable to Swid across project delivery, financing models, and target segments.
- Sterling and Wilson Renewable Energy: Leading Indian solar EPC with both utility-scale and C&I exposure, highly comparable to Swid's integrated EPC service offering and target customer base.
- Sunsure Energy: Indian C&I and utility-scale solar EPC and IPP with PPA financing models, directly competing with Swid for industrial solar mandates across India.
- Adani Solar: Vertically integrated solar manufacturer and EPC offering utility-scale and rooftop solar across India, directly competing for the same industrial and utility-scale EPC work Swid pursues.
- Fourth Partner Energy (Reliance Industries): C&I-focused renewable energy EPC and PPA provider in India, now under Reliance, directly comparable to Swid in targeting industrial/commercial solar with financing structures.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Swid social profiles
Digital presenceSwid financial estimates
Financial estimateRevenue estimate
Valuation estimate
Swid leadership team
Management profileNumber of profiles
Profiles8 records
Swid subsidiaries and ownership
Company hierarchySubsidiaries2 records
Swid funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Swid 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 Swid
What does Swid do?
Swid designs, finances, installs, and maintains turnkey renewable energy systems (solar photovoltaic, wind, and battery energy storage) for industrial, commercial, and utility-scale clients across India. The company delivers complete in-house EPC services with 100% financing options (Capex, PPA, loan, lease) at no collateral, supported by a 220+ full-time employee workforce that handles every stage from design through commissioning and ongoing operations and maintenance.
Is Swid a public or private company?
Swid is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Swid founded?
Swid was founded in 2016. It employs 101 to 250 people.
Where is Swid based?
Swid is headquartered in Pune, India, in the Asia region.
How does Swid make money?
Five revenue lines are on record. Solar EPC Services are the primary driver. The others are wind Energy Solutions, battery Energy Storage Systems (BESS), operations & Maintenance Services and project Financing.
Who are Swid's main competitors?
Direct peers on record are Tata Power Solar Systems, Vikram Solar, CleanMax Enviro Energy, Gensol Engineering, Waaree Energies, AMP Energy India, Sterling and Wilson Renewable Energy, Sunsure Energy, Adani Solar and Fourth Partner Energy (Reliance Industries).
Does Swid have an API?
No public API is recorded for Swid.
What industry is Swid in?
Swid's product category is Renewable Energy EPC Services. Its primary akta.pro industry code is EUAEAAAG, Solar PV Power Plant EPC (Utility-Scale), with a secondary code of EUAEAAAF, Wind Power Plant EPC (Onshore/Offshore).