Inox Green Energy Services was originally incorporated as ‘Inox Wind Infrastructure Services Limited’ at Vadodara, Gujarat as a public company limited by shares under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 11, 2012, issued by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. The company commenced operations pursuant to a certificate for commencement of business dated June 14, 2012, issued by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. The name of the company was changed to ‘Inox Green Energy Services Limited’, pursuant to a resolution of board of directors of the company dated October 6, 2021 and a special resolution passed in extra-ordinary general meeting held on October 21, 2021, pursuant to which a fresh certificate of incorporation was issued by the RoC on October 27, 2021.

The company is one of the major wind power operation and maintenance (O&M) service providers within India. It has stable annual income owing to the long-term O&M contracts that it enters into with its customers. It is a subsidiary of Inox Wind (IWL), a company which is listed on the National Stock Exchange of India Limited and BSE Limited, and part of the Inox GFL group of companies (Inox GFL Group).

The company enjoys synergistic benefits as a subsidiary of IWL, which is principally engaged in the business of manufacturing wind turbine generators (WTGs) and providing turnkey solutions by supplying WTGs and offering a variety of services including wind resource assessment, site acquisition, infrastructure development, EPC of WTGs, and, through the company, providing long-term O&M services for wind power projects.

Business area of the company

The company is engaged in the business of providing long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs.

Key awards, accreditations or recognitions:

• 2022: ISO 14001:2015 accreditation for the management system by TUV Austria Cert GMBH.
  
• 2022: ISO 45001:2018 accreditation for the management system by TUV Austria Cert GMBH.
  

Major events and milestones

• 2012: Incorporation of the Company as a public limited company, with the name ‘Inox Wind Infrastructure Services Limited’.
  
• 2013: Acquired 100% shareholding of Marut-Shakti Energy India Limited (“MSEIL”), pursuant to a share purchase agreement with MSEIL and its shareholders.
  
• 2015: Acquired 100% shareholding of Satviki Energy Private Limited (“SEPL”) and Sarayu Wind Power (Tallimadugula) Private Limited (“SWPTPL”), pursuant to share purchase agreements with SEPL and its shareholders and SWPTPL and its shareholders, respectively.
  
• 2016: Acquired 100% shareholding of Vinirrmaa Energy Generation Private Limited (“VEGPL”), Sarayu Wind Power (Kondapuram) Private Limited (“SWPKPL”) and RBRK Investments Limited (“RBRK”) pursuant to share purchase agreements with VEGPL and its shareholders, SWPKPL and its shareholders and RBRK and its shareholders respectively.
  
• 2017: Awarded 10 wind power projects of 50 MW each by SECI.
  
• 2018: Awarded four wind power projects of 50 MW each and two wind power projects of 100 MW each by SECI.
  
• 2020: Divested 100% shareholding in Sri Pavan Energy Private Limited, pursuant to a shareholders agreement entered into with KPR Infra & Projects Limited.
  
• 2021: Divested 100% shareholding in Resco Global Wind Services Private Limited, pursuant to a share purchase agreement with Inox Wind Limited.
  
• 2021: Divested 100% shareholding in Marut-Shakti Energy India Limited, Satviki Energy Private Limited, Sarayu Wind Power (Tallimadugula) Private Limited, Vinirrmaa Energy Generation Private Limited, Sarayu Wind Power (Kondapuram) Private Limited and RBRK Investments Limited, pursuant to respective share purchase agreements with Resco Global Wind Services Private Limited.
  
• 2021: Changed the name of the Company from ‘Inox Wind Infrastructure Services Limited to ‘Inox Green Energy Services Limited’.
  
• 2021: Divested the business undertaking, assets and liabilities of the erection and commissioning services of wind turbine generators (EPC) business of the company on slump sale basis, pursuant to a business transfer agreement with Resco Global Wind Services Private Limited.
  
• 2022: Divested 100% shareholding in Wind Two Renergy Private Limited to Torrent Power Limited.
  
• 2022: Divested 100% shareholding each in Wind One Renergy Limited, Wind Three Renergy Limited and Wind Five Renergy Limited to Adani Green Energy Limited.