What does Renfra Energy India Private Limited do?

Renfra Energy India Private Limited is a renewable energy EPC (Engineering, Procurement & Construction) and O&M (Operations & Maintenance) company based in Chennai, Tamil Nadu. Incorporated in December 2017, the company undertakes solar and wind energy project construction and provides ongoing maintenance services for operational renewable energy projects.

What is the addressable market for Renfra Energy?

India is targeting 500 GW of renewable energy capacity by 2030 from approximately 180 GW installed as of early 2025, implying over 320 GW of incremental capacity addition. The solar and wind EPC market in India was estimated at over ₹1.5 lakh Cr in annual spending as of 2024, creating significant opportunity for mid-sized EPC/O&M companies like Renfra.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Renfra Energy India Private Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Renfra Energy India Private Limited shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Renfra Energy India Private Limited Unlisted Share Price | Buy Renfra Energy India Private Limited Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Renfra Energy India Private Limited Unlisted Share Price | Buy Renfra Energy India Private Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Renfra Energy India Private Limited is a niche renewable energy EPC and O&M player incorporated in 2017 and based in Chennai. While the company is well-positioned in India's high-growth clean energy sector, the absence of any public financial data, limited brand visibility, and competition from larger listed EPC firms make it a high-risk, low-information investment for unlisted market participants. Investors should seek MCA filings and direct company disclosures before investing.

Pros

End-to-end Wind + Solar renewable energy developer; revenue ₹100-500 Cr (FY2023-24); revenue growth +214.88% (FY2023) — rapid scaling; Chennai (SIDCO Industrial Estate) base in major renewable energy market.
Formerly "Renfra Power Private Limited" — renamed to reflect broader clean energy mandate; government renewable energy targets (500 GW by 2030) drive strong order book.
Website: renfraenergy.com; 8-year-old company with rapid revenue growth; Indiqube Ocean Bay, Chennai 600032.

Cons

Private limited (PTC) — unlisted; no secondary market; paid-up capital not confirmed.
Revenue ₹100-500 Cr range — wide bracket; exact revenue not confirmed; 2017-incorporated company with short track record.
Renewable EPC sector: project execution risk, land acquisition delays, grid connectivity bottlenecks, payment delays from discoms.
Two-director company — Muthuraj and Arumuga Raja; limited board depth for a rapidly growing energy developer.

Business Segments

Renewable Energy Development (Wind + Solar)

End-to-end developer of Wind and Solar energy projects; developer, EPC, and solutions provider; Tamil Nadu and pan-India; formerly Renfra Power Pvt Ltd.

Revenue Model

Renfra Energy earns revenue through fixed-price or cost-plus EPC contracts for solar and wind project construction, plus recurring annual O&M service fees from operational renewable energy asset owners. O&M contracts typically span 5–10 years, providing recurring revenue visibility.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

India's 500 GW renewable energy target by 2030 implies massive EPC order flows for solar and wind contractors

Increasing corporate PPAs and rooftop solar mandates (under PM Surya Ghar scheme) expanding addressable market

Tamil Nadu government's aggressive renewable energy targets providing localized project pipeline

Industry Tailwinds

India's 500 GW renewable energy target by 2030 implies massive EPC order flows for solar and wind contractors

Recent Developments

Comparable Companies

CompanyTypeTickerMkt Cap

Sterling and Wilson Renewable EnergyListedSWSOLAR8,000 Cr

KPI Green EnergyPE: 35–45xxListedKPIGREEN6,500 Cr

Waaree EnergiesPE: 40–50xxListedWAAREEENER45,000 Cr

Sterling and Wilson Renewable EnergyListed

Frequently Asked Questions

About Renfra Energy India Private Limited

Renfra Energy India Private Limited is a Chennai-based renewable energy Engineering, Procurement & Construction (EPC) and Operations & Maintenance (O&M) company incorporated in December 2017. Part of the Speed Team Group of Companies (established 2008), Renfra Energy provides end-to-end services for wind and solar energy projects across India. The company serves as an implementation partner for three state governments and is recognised as the Best EPC Developer in Tamil Nadu. In FY2024, Renfra Energy reported revenues of approximately Rs. 447 Cr — a 214% YoY surge driven by a large pipeline of renewable projects. It holds an order backlog exceeding Rs. 800 Cr and has planned expansion into green hydrogen and battery energy storage systems (BESS). At the Tamil Nadu Global Investors Meet 2024, Renfra signed an MoU for projects worth Rs. 3,050 Cr, underscoring its growing ambitions in India's renewable energy transition. CRISIL rated the company BBB/Stable / A3+ in February 2025, reflecting above-average financial strength and strong revenue visibility.

Key Milestones

Incorporated October 25, 2017 in Tamil Nadu (CIN: U74999TN2017PTC119232) — formerly Renfra Power Private Limited

End-to-end Wind + Solar renewable energy developer; revenue ₹100-500 Cr (FY2023-24); +214.88% growth (FY2023)

Common questions about unlisted shares

How do I buy Renfra Energy India Private Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Renfra Energy India Private Limited

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