OUR JOURNEY

A decade of building
what keeps India moving

From India's first power sector InvIT to an integrated power infrastructure platform, our journey has been one of purposeful growth, strategic partnerships and creating long-term value.

Illustration of transmission towers, solar panels and battery storage
2017

2017

Launched India's first Infrastructure Investment Trust in the power sector.

IndiGrid 2017
2018

2018

  • Acquired 4 assets valued at INR 17 billion (3 from Sterlite Power, 1 from Techno Electric)
IndiGrid 2018
2019

2019

  • KKR and GIC acquired significant stakes
  • Raised INR 25.1 billion in primary capital
  • Locked in AUM of INR 110 billion
  • Acquired 2 additional assets (INR 51 billion)
IndiGrid 2019
2020

2020

  • KKR inducted as Sponsor
  • Digital collaboration launched with IBM
  • Announced 5 acquisitions (INR 35 billion total)
IndiGrid 2020
2021

2021

  • Acquired 2 assets for INR 55 billion
  • Entered India's largest transmission deal
  • First-ever InvIT Rights Issue (INR 13 billion)
  • First-ever InvIT Public NCD (INR 10 billion)
IndiGrid 2021
2022

2022

  • Framework agreement signed with GR Infra
  • Joint bidding MoU for transmission projects
  • 1 asset acquisition (INR 2.5 billion)
IndiGrid 2022
2023

2023

  • Acquired Virescent Renewable Energy Trust (INR 40 billion enterprise valuation)
  • Sterlite Power asset secured (INR 15 billion)
  • IFC-listed debt raised (INR 11.4 billion)
  • Won first BESS project (20 MW)
  • Raised INR 107.3 billion institutional placement
IndiGrid 2023
2024

2024

  • Acquired 300 MW solar asset from ReNew (INR 15.5 billion)
  • Won 3 greenfield ISTS transmission projects
  • Won 2 greenfield BESS projects
  • Launched USD 300M EnerGrid platform with BII & Norfund
  • Raised INR 695 crore equity
IndiGrid 2024
2025

2025

  • Commissioned KBPL—India's first regulated standalone BESS
  • Won RKPTL greenfield ISTS transmission project
  • Strategic acquisitions from ReNew and Techno Electric
  • Signed SJVN BESS partnership via EnerGrid
  • Raised INR 4.4 billion equity
IndiGrid 2025
2026

2026

  • Raised INR 15 billion through institutional placement
  • Completed GTL transmission acquisition
  • Included in FTSE EM/APAC & FTSE India indices
  • AUM crossed INR 338 billion—9x increase since IPO
  • Commissioned GBPL—180 MW / 360 MWh, India's largest BESS
  • Signed USD 25.4B NVVN BESS and MSTL transmission agreements
₹338 BN+
ASSETS UNDER MANAGEMENT
55
Transmission lines
(~9,698 ckm)
~1.5 GWp
Solar capacity
2.5 GWh
Storage capacity
Building today. Powering tomorrow.