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Author name: Parvati Rai

Parvati Rai is the Vice President of the Research team at Equentis. She has over 15 years of equity-research and strategy-consulting experience. A specialist in deep-dive valuations, financial modelling, and forecasting, she has built research desks from the ground up, by steering buy-side, sell-side, and independent coverage across sectors. When she isn’t fine-tuning models, Parvati unwinds on nature treks and mentors aspiring analysts.

IREDAs Storytelling 01
Investing - Blog Category

IREDA’s ₹2,600 Cr to ₹8,000 Cr+ Journey: Building India’s Green Finance Backbone

/ April 9, 2026

In a country racing toward 500 GW of clean energy capacity, one institution has quietly powered the transition from behind the scenes. The Indian Renewable Energy Development Agency (IREDA) started as a government initiative in 1987 with a simple mission: to finance renewable energy projects when few believed in them. Today, it stands as a market leader in green financing, with revenues crossing ₹6,600 crore in FY25 and targeting over ₹8,200 crore ahead.