Our Company was originally incorporated as `Clean Max Enviro Energy Solutions Private Limited' at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated September 29, 2010 issued by the Deputy Registrar of Companies, Maharashtra at Mumbai. Subsequently, upon conversion of our Company into a public limited company, the name of our Company was changed to `Clean Max Enviro Energy Solutions Limited', pursuant to the resolution passed by our Board on July 9, 2025 and the resolution passed by our Shareholders at the extraordinary general meeting on July 14, 2025. A fresh certificate of incorporation dated August 7, 2025 was issued by the Registrar of Companies, Maharashtra at Mumbai consequent to the conversion.
Major events and milestones: 2010 - Establishment of our Company.
2013 - Commissioned the first onsite solar plant for a corporate client for 100 KWp.
2015 - Began offering grid-connected solutions for corporate clients through our SPV, KAS Onsite Power Solutions LLP.
2017 -Secured equity investment from Warburg Pincus and a global development financial institution based in the US. - Expanded operations to Dubai, UAE through our SPV, Cleanmax Solar MENA FZCO. - Commissioned its first grid connected STU solar project under group captive mode for 30 MWp in Tamil Nadu for a large datacentre client through our SPV, KAS Onsite Power Solutions LLP. - Commission our first STU connected third party open access project in Karnataka.
2018 - Achieved a cumulative operating capacity of 500 MWp+. - Signed our first solar photovoltaic system leasing and operation agreement in Dubai, UAE, through CleanMax Alpha LeaseCo FZCO.
2019 - Secured an equity investment from UK government's climate-based fund. - Signed our first onsite solar project in Thailand through our subsidiary, Clean Max Energy (Thailand) Co. Ltd. - Started operations in Bangkok, Thailand, through our subsidiary, Clean Max Energy (Thailand) Co. Ltd. - Expanded into wind power projects by commissioning our first wind farm at Hosahalli, Karnataka through our SPV, Cleanmax Pluto Solar Power LLP.
2021 - Secured an equity investment from Washington based fund amidst Covid'19 pandemic and provided full exit to the erstwhile PE investors. - Commissioned a wind-solar hybrid ("WSH") farm in Jagalur, Karnataka with more than 100 MW capacity.
2022 - Expanded our grid connected STU offerings to Maharashtra, through our SPV, Clean Max Light Power LLP. - Started developing Central Transmission Utility of India ("CTU") sites and received up to 600 MW connectivity approval for CTU wind site at Koppal, Karnataka. - Established a new carbon business offset business line for carbon credit/green credit trade.
2023 - BGTF One Holdings (DIFC) Limited, an affiliate of Brookfield, committed to invest ?18,000 million in our Company, as primary infusion along with secondary investment of approximately ?10,970 million. - Reached a cumulative capacity of 1 GW. - Reached a cumulative capacity of 100+ MWp onsite solar capacity in international operations i.e. Dubai and Thailand. - Entered into a strategic collaboration with Apple for investing together into rooftop projects through our SPV, Clean Max Hyperion Power LLP. - Partnered with a technology player, through their designated affiliate, for sale of renewable energy certificates from projects commissioned by our Company for corporate customers. - Achieved water neutrality for 40% of our utility scale solar portfolio. - Received ISO 14001:2015 and ISO 45001:2018 certifications. - Achieved carbon neutrality (Scope 1 + Scope 2) greenhouse gas ("GHG") emissions. - Built and commissioned 350 MW+ State Transmission Utility ("STU") wind-solar hybrid capacity in Gujarat.
2024 - Entered into a partnership with Yusuf Bin Ahmed Kanoo Company WLL, through our SPV, Clean Max Solar Mena FZCO, for developing renewable energy projects in Bahrain and Kingdom of Saudi Arabia. - Reached a cumulative capacity of 2 GW+. - Commissioned our first onsite solar photovoltaic plant in Bahrain, through our SPV, Kanoo Clean Max Renewables Asset Co W.L.L. - Expanded our grid connected STU offerings to Haryana and Chhattisgarh. - Received ISO 9001:2015 certification.
2025 - Entered into a strategic collaboration with Osaka Gas and Japan Bank for International Cooperation for investing in C&I renewable energy projects together. - Entered into a co-investment collaboration with Toyota Tsusho India Private Limited aimed at serving Toyota group companies in India through long-term corporate power purchase agreements. - Signed a renewable energy certificate sale and purchase agreement with a global technology services company, an energy attribute purchase agreement with a leading technology firm, and a power purchase agreement with a renewable energy trading arm of a multinational corporation.
2026 - Pursuant to the Pre-IPO Placement and certain secondary transactions in the Equity Shares of our Company, Jongsong Investments Pte. Ltd. (an indirect wholly owned subsidiary of Temasek Holdings Private Limited), GSS India Opportunities AIF Scheme I (an affiliate of Bain Capital Special Situations, LP), and TRUST Group's Relativity Resilience Fund - I, among others, acquired certain shareholding in our Company.
|