Historical Performance Summary Report: CleanMax 2023

Introduction

India embodies one of the world’s most diverse power sectors, encompassing a wide range of sources, from conventional ones like coal, oil, and nuclear power, to innovative options such as wind, solar, and waste utilization.

The country’s electricity demand has surged and is projected to climb further. To meet this escalating need, substantial increases in installed generating capacity are imperative.

As of 2021, India holds impressive global ranks: fourth in both wind and solar power capacity, and fourth in overall renewable power installations. Remarkably, among G20 nations, India is the sole country making significant progress towards fulfilling its commitments under the Paris Agreement.

The global push towards sustainability and cleaner energy sources has propelled companies like CleanMax into the spotlight in the country. As Asia’s largest provider of renewable power to commercial and industrial customers, CleanMax has established itself as a key player in the Energy Equipment & Services sector.

Sector Highlights

India ranks third globally in electricity production and consumption, boasting an installed capacity of 416.59 GW as of April 30, 2023.
Power usage surged by 9.5% in FY23, reaching 1,503.65 billion units (BU).
The Union Budget 2023-24 allocated US$ 885 million (₹ 7,327 cr) for solar power, encompassing grid, off-grid, and PM-KUSUM projects.
FY23 marked India’s fastest power generation growth in over 30 years, with an 8.87% rise to 1,624.15 billion kWh. April 2023 saw power consumption at 130.57 BU.
The target for electricity generation (including Renewable Energy) in 2023-24 is set at 1,750 BU, reflecting a 7.2% increase over the previous year’s actual output.
April 2023 witnessed a peak power demand of 226.87 GW across the country.
The power sector’s 100% FDI allowance has spurred a significant inflow of foreign investment.
The energy sector claims the largest share (24%) of the projected US$ 1.4 trillion (₹ 111 lakh cr) capital expenditure in the National Infrastructure Pipeline 2019-25.
Total FDI inflow into the power sector reached US$ 16.57 billion during April-December 2022.

This blog provides an overview of CleanMax’s remarkable journey and its significant contributions to the renewable energy landscape based on Historical Performance Summary Report: CleanMax 2023 by PrivateCircle Research.

Historical Performance Summary Report: CleanMax 2023 — ^{_{Click on this banner to access PrivateCircle Research.}}

Report Scope

Revenue Growth over 5 Years (₹)
Total Loan Borrowed & Repaid (₹)
Year End Loan Book (₹)
Yearly Investment in its Subsidiaries (₹)
Employee Count over 5 Years
Fixed Assets over 5 years (₹)
Series Wise Funding since Incorporation (₹)

CleanMax’s Core Business

CleanMax specializes in offering renewable power solutions to a diverse range of commercial and industrial customers across sectors including Automotive, Industrial Manufacturing, Education, Pharmaceuticals, FMCG, Real Estate, and Information Technology.

With an impressive operating capacity of over 600 MW, CleanMax has successfully completed more than 500 renewable energy projects globally, providing cheaper-than-grid solar power without upfront investment from its clients.

Let’s look at the different historical market dimensions of the company over the recent years.

CleanMax revenue Growth over 5 Years (₹).

CleanMax Revenue has experienced consistent growth over the years, primarily driven by revenue from power sales and construction contracts. This growth can be attributed to the rising demand for renewable energy sources in India, supported by government initiatives and incentives promoting the adoption of clean energy. — ^{_{Click on the graph to access the responsive iframe and download the data or the image.}}

CleanMax - Total Loan Borrowed & Repaid (₹).

CleanMax has achieved exceptional financial performance in 2023, generating substantial revenue and profits. As a result, CleanMax successfully repaid its loans, marking the highest loan repayment amount for the year. — ^{_{Click on the graph to access the responsive iframe and download the data or the image.}}

CleanMax: Year End Loan Book (₹).

CleanMax has secured a loan agreement with a financial institution, providing them with funds for various purposes including operational expansion, technology investment, and debt repayment. Additionally, the year-end loan book reflects the inclusion of additional loans obtained throughout the year. — ^{_{Click on the graph to access the responsive iframe and download the data or the image.}}

CleanMax: Yearly Investment in its Subsidiaries (₹).

Clean Max Solar has made strategic investments in its subsidiaries, with Cleanmax IPP 1 receiving the highest funding in 2019. — ^{_{Click on the graph to access the responsive iframe and download the data or the image.}}

CleanMax: Employee Count over 5 Years.

The number of employees at CleanMax experienced consistent growth from 2018 to 2020. However, in 2021, there was a decrease in the employee count due to factors such as changes in business strategy, economic conditions, industry shifts, or labor turnover. — ^{_{Click on the graph to access the responsive iframe and download the data or the image.}}

CleanMax: Fixed Assets over 5 years (₹).

The growth in fixed assets reflects CleanMax's commitment to expanding its renewable energy generation capacity through investments in new solar or wind farms. Notably, a significant portion of the fixed assets is allocated to Plant & Equipment, demonstrating the company's focus on long-term assets like renewable energy projects and equipment, which are expected to drive future growth and revenue. — ^{_{Click on the graph to access the responsive iframe and download the data or the image.}}

CleanMax: Series Wise Funding since Incorporation (₹).

Clean Max Enviro Energy has consistently attracted investments in both debt and equity since its inception. — ^{_{Click on the graph to access the responsive iframe and download the data or the image.}}

CleanMax Peers

Premier Energies Limited (Premier Energies) with Revenue ₹ 7.7 Bn and 3-yr CAGR 7.26% FY 2022
Mahindra Susten Private Limited (Susten) with Revenue ₹ 6.6 Bn and 3-yr CAGR -37.22% FY 2022

Conclusion

CleanMax Enviro Energy Solutions Private Limited’s journey in the Energy Equipment & Services sector showcases the strength of innovation, strategic acumen, and a steadfast commitment to sustainability.

As a frontrunner in delivering renewable power solutions to commercial and industrial clients, CleanMax not only promotes a greener future but also significantly influences the energy sector’s direction. Their dedication to expansion, technology, and responsible business practices establishes CleanMax as a promising catalyst in the ongoing shift towards cleaner energy alternatives.