EKI Energy

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EKI Energy Services Limited
Company typePublic
IndustryClimate change
Founded2008
FounderManish Dabkara
HeadquartersIndore, India
Number of locations
17
Area served
Worldwide
ServicesSustainability & Net Zero Services

Climate Investments Offsetting to achieve Carbon Neutrality Offsets Portfolio Management Services

Carbon Markets Capacity Building Advisory
SubsidiariesAmrut Nature Solutions Pvt. Ltd.

GHG Reductions Technologies Pvt. Ltd.

Climacool Projects & Edutech Ltd.
Websitehttps://enkingint.org/

EKI Energy Services Limited (EKI)[1] is a company that provides climate change advisory services and is based in Indore, India. It has a strong global presence and started its operations in 2008 as a proprietorship firm before becoming a closely held public limited company in 2011. On April 7, 2021, EKI Energy shares were listed on the BSE SME Platform.[2][3]

The company's main focus is on developing projects to reduce carbon emissions and mobilizing carbon credits for the global market. It has customers in more than 40 countries and offices in 17 countries. As of now, EKI has mobilized over 200 million offsets.[4][5][6]

History[change | change source]

EKI was founded in 2008 and later expanded its services related to carbon emissions. Over the next seven years, it helped Indian and foreign businesses register for carbon credits.[7][8][9]

Initially, the company generated revenue through consulting fees. However, due to factors like low market awareness, declining credit prices, and issues with the carbon trading mechanism, the carbon credit market became less appealing to businesses. Despite these challenges, EKI continued to grow and eventually became a closely held public limited company, expanding its operations.[10]

In November 2020, EKI expressed its intention to have an Initial Public Offering (IPO) and in January 2021, it declared its plan to be listed on the Bombay Stock Exchange to expand its business both within and outside India.[11][12][13]

In January 2022, the company achieved a valuation of $1 billion.[14]

References[change | change source]

  1. "Stock Share Price | Get Quote | BSE". www.bseindia.com. Retrieved 2023-04-19.
  2. Bureau, BW Online. "Carbon Management Firm EKI Energy Services Hits $1 Billion Valuation". BW Businessworld. Retrieved 2023-04-19.[permanent dead link]
  3. "EKI Energy Announces its Sustainability Roadmap for FY23 - Asia Pacific | Energetica India Magazine". Energetica India Magazine, India Energy News, Renewable Energy News, Conventional Power Generation, Companies Guide... Retrieved 2023-04-19.
  4. "EKI's Journey to Rehabilitate the Planet". Energetica India Magazine, India Energy News, Renewable Energy News, Conventional Power Generation, Companies Guide... Retrieved 2023-04-19.
  5. "How climate change sent this Indian visionary's net worth soaring to Rs 2,800 crore". cnbctv18.com. 2021-12-20. Retrieved 2023-04-19.
  6. Ramesh, M. (2021-03-23). "Carbon management company EKI Energy to raise ₹18 crore via IPO". www.thehindubusinessline.com. Retrieved 2023-04-19.
  7. "Climate change makes this 37-yr old founder of EKI Energy from Indore a rich entrepreneur". www.fortuneindia.com. Retrieved 2023-04-19.
  8. "EKI Energy and Shell Overseas set up JV for nature-based solutions in India". The Economic Times. 2021-12-17. ISSN 0013-0389. Retrieved 2023-04-19.
  9. Livemint (2021-12-17). "EKI Energy, Shell Overseas Investments to launch JV to reduce carbon emission". mint. Retrieved 2023-04-19.
  10. "EKI Energy, ICAM launch $125 million climate impact fund". pv magazine India. Retrieved 2023-04-19.
  11. "EKI Energy net jumps four-fold to Rs 18.70 cr in 2020-21". Financialexpress. Retrieved 2023-04-19.
  12. "EKI Energy Service floats new co for carbon offset through green cooking". The Economic Times. 2022-01-07. ISSN 0013-0389. Retrieved 2023-04-19.
  13. "EKI Energy Announces its Sustainability Roadmap for FY23 - Asia Pacific | Energetica India Magazine". Energetica India Magazine, India Energy News, Renewable Energy News, Conventional Power Generation, Companies Guide... Retrieved 2023-04-19.
  14. Bureau, BW Online. "Carbon Management Firm EKI Energy Services Hits $1 Billion Valuation". BW Businessworld. Retrieved 2023-04-19.