Inox Clean’s ‘masterclass’ in growing revenue 43X in one year is a cautionary tale
The post Inox Clean’s ‘masterclass’ in growing revenue 43X in one year is a cautionary tale appeared first on The Ken .
Inox Clean Energy has achieved a remarkable revenue growth of 43 times in one year, expanding from Rs 47 crore to Rs 2,000 crore in just one year. This astonishing growth, however, has been met with regulatory scrutiny. The Securities and Exchange Board of India (Sebi) halted the company's IPO, prompting an investigation into its previous transactions with related entities in the InoxGFL Group.
In the past two years, Inox Clean Energy has acquired 11 businesses, contributing to its dramatic revenue surge. Despite the regulatory hurdles, the company's revenue now rivals that of established industry leaders like Acme Solar Holdings and NTPC Green. However, the rapid acquisition spree has also led to a significant increase in the company's debt, now amounting to nearly Rs 16,000 crore.
As a result, the company is now grappling with high interest payments, which could potentially offset its hard profitability.
Written by urgent.news from The Ken's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
