India’s Largest Carbon Management Firm EKI Energy Hits Record $1 Bn Valuation

Adding another feather in its cap, EKI Energy Services Ltd (EKIESL), also known as EnKing International, has achieved a record valuation of USD 1 billion on the Indian bourses.

January 04, 2022. By Manu Tayal

Adding another feather in its cap, EKI Energy Services Ltd (EKIESL), also known as EnKing International, has achieved a record valuation of USD 1 billion on the Indian bourses.

Indore-based climate change advisory company has achieved this milestone within 9 months timeframe of debuting on the Bombay Stock Exchange (BSE) on April 7, 2021, with a market capitalization of Rs 96.23 crore.

Now, EKIESL is amongst the top 90 companies in India that have achieved the Unicorn like milestone in the last 3 quarters with a $1 billion market capitalization.

Furthermore, it is now also amongst the top 400 companies by market capitalization on the stock exchange with a market share of 15 per cent in the 48,000 crore worth SME market at the exchange. Its share price is now the 15th costliest at the BSE.

EKIESL witnessed the most successful IPO in the year 2021 by raising around Rs 18 crore at a Rs 100-102 per equity share as its stocks gave a return of over 9,000 per cent. Its valuation surged manifolds especially in the last one year as the company expanded its global footprint and launched multiple strategic projects including a joint venture with Fortune 5 company Royal Dutch Shell.

Recently, the company has also incorporated an offshore wholly-owned subsidiary in Dubai free zone.

EKI Energy Services Ltd, one of the leading carbon credit developers and suppliers globally, has witnessed revenue growth of about 189 per cent year on year (Y-o-Y) to approx Rs 190 crore in FY 20-21.

Its revenue from operations within the first six months of FY 21-22 stood at Rs 636 crore.

Moreover, the company has been expecting a strong growth momentum over the next few years also as the carbon market evolves and witnesses increased demands for carbon credits.

Besides, the climate change firm is amongst the top 5 carbon asset management companies in the world and is also the first and only listed company in the carbon market globally. It is a leading developer and supplier of carbon credits in the world.

EKIESL offers strategic solutions to more than 2,500 companies across the world enabling them to achieve their climate ambitions. Its offerings span across carbon credit/asset management, carbon footprint management, sustainability audits, training for quality control and management amongst others.
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