119.65
+7.35%
Close of 9 Nov 2026, in INR
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About Indian Renewable Energy Development Agency
Its shares trade on NSE under the ticker IREDA.NS. It has been listed since 29 November 2023. In the fiscal year to 31 March 2026, it reported revenue before interest expense of ₹82.64bn and net income of ₹18.74bn. At that date it held total assets of ₹938.08bn and shareholders' equity of ₹137.85bn.
Indian Renewable Energy Development Agency Ltd is a IN-based company operating in Financial Services industry. The company is headquartered in New Delhi, Delhi. The company went IPO on 2023-11-29. Indian Renewable Energy Development Agency Limited is an India-based systemically important non-deposit taking non-banking financial (NBFC-ND-SI) company. The firm is engaged in promoting, developing and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation projects. The firm provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for renewable energy projects and other value chain activities, such as equipment manufacturing and transmission. The company has financed projects across multiple RE sectors, such as solar power, wind power, hydro power, transmission, and biomass, among others. The company also offers a comprehensive suite of financial products and services including various fund-based and non-fund-based products. In addition, it provides loans to government entities and also provide financing schemes for RE suppliers, manufacturers, and contractors.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Financial Services
- Listed since
- 29 Nov 2023
- Employees
- 160
- Website
- ireda.in ↗
Leadership
Pay as last reported
- Shri. Pradip DasChairman of the Board, Managing Director, since 2020₹13.1m
- Dr. Bijay MohantyChief Financial Officer, Director (Finance), Executive Director, since 2023₹6.6m
- Shri. Kuber MalhotraChief Technology Officer
- Mrs. Ekta MadanCompliance Officer, Company Secretary₹946,000
- Mrs. Punnu GroverChief Compliance Officer
- Shri. Piyush KumarChief Compliance Officer
- Shri. Deepak BarikGeneral Manager - Information Technology
- Smt. Kanchan BhallaAdditional General Manager (Projects)
- Shri. A. ChandrashekarGeneral Manager - Projects
- Shri. Pallav KapoorAdditional General Manager
- Shri. Sanjay KumarAdditional General Manager - Information Technology
- Shri. Dhiraj MehtaGeneral Manager (F and A), Executive Director (F and A)
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 67
- Environment
- 73
- Social
- 96
- Governance
- 32
- Direct emissions (scope 1)
- 21.74 t
- Energy emissions (scope 2)
- 541.18 t
- Women in the workforce
- 28.3%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Indian Renewable Energy Development Agency Ltd focuses on renewable energy projects in India.
- The company provides comprehensive financial services for solar, wind, and hydro power projects.
- It has financed multiple renewable energy sectors including biomass and transmission.
Weaknesses
- The company has only 160 employees for a nationwide financial services operation.
- Its IPO was recently listed on 29 November 2023 with limited market history.
- It operates as a non-deposit taking NBFC-ND-SI with restricted capital sources.
Opportunities
- India's growing renewable energy sector offers significant expansion potential for the company.
- The government's focus on energy efficiency and conservation creates new financing opportunities.
- Increasing demand for solar power projects in India presents a key market opportunity.
Threats
- Competition from established financial institutions in the Indian Financials sector is a challenge.
- Regulatory changes in renewable energy policies could impact project financing.
- Economic downturns may reduce investment in renewable energy projects.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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