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Virescent Renewable Energy Trust's objective is to make responsible investments in renewable and sustainable energy projects

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Virescent is derived from a Latin verb "Virescere", meaning "to become green"

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About us v2

About Us

Virescent Renewable Energy Trust (the ‘Trust’) is an infrastructure investment trust (InvIT) established as a trust under the Indian Trusts Act, 1882 with the objective of undertaking investment activities as an InvIT in accordance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. The Trust is registered as an InvIT with registration number IN/InvIT/20-21/0018. The Trust has filed its Draft Placement Memorandum with Securities and Exchange Board of India (“the SEBI”) and upon receipt of all relevant approvals, the Trust will acquire the projects described in the Projects tab.

PROJECTS

Our portfolio includes 394.35 MW of solar assets located in Maharashtra, Gujarat, Rajasthan, Uttar Pradesh and Tamil Nadu.

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Our Shareholder

KKR is a leading global investment firm that manages multiple alternative asset classes with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR has been investing in India since 2006, having extensively engaged in the operations and strategies of its portfolio companies across infrastructure, private equity and credit, to corporations and real estate businesses in India. KKR aims to be a patient capital provider to help bring flexible financial solutions to meet the needs of India’s private and public sectors.

Board of Directors

Pradeep Kumar

Pradeep Kumar Panja

Independent Director

Pradeep Kumar Panja is the former Managing Director and Head of Corporate Banking of State Bank of India (SBI). He spent 39 years at SBI, during which he held various senior positions, and also had Board representations on several committees. He is currently on the Board of several reputed companies, and a member of the Banks Board Bureau.

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P. Vinay Kumar

Independent Director

P. Vinay Kumar is the founder of VARP Power and an industry veteran with rich experience of working at large power EPC companies and executing large-format T&D projects in India and Africa. Before his entrepreneurial venture, he was the CEO & MD of Brookfield Asset Management, India Renewables, responsible for clean energy asset acquisitions for portfolio growth. He was also the COO of Greenko Group and credited with building the world’s largest solar plant in India.

Mr. Hardik Shah

Hardik Shah

Non-Executive Director

Hardik Shah is the Managing Director at KKR & Co. Inc. As a member of KKR’s Asia-Pacific infrastructure team, he is responsible for its infrastructure investments in India. During his career spanning 15 years, he has led $4 billion of transactions in India across various infrastructure sectors such as Telecom Towers, Toll Roads, Airports, Energy Transportation, and Renewable Energy. Prior to joining KKR in 2018, he worked with the Macquarie Group and Brookfield.


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Sanjay Grewal

CEO & Executive Director

Sanjay Grewal is an infrastructure and real estate industry veteran with over 30 years of track record in executing advisory and financing transactions worth over $20 billion. He has led landmark investments in diverse infrastructure sectors across India and other emerging markets in Asia. He has earlier worked with Altico, IDFC, Citi, Lehman Brothers, and International Finance Corp.

MEDIA

Media Coverage

Virescent floats first solar InvIT, places 400 Mw assets under pvt trust
Business Standard

Big opportunity for consolidation: KKR
The Times Of India

KKR launches clean energy platform in India
Economic Times

KKR-backed renewables platform buys solar portfolio of Singapore firm Sindicatum
VC Circle

Media Resources

media@virescent.co.in

CONTACT US

Virescent Renewable Energy Trust
Principal place of business: 2nd floor, Piramal Tower, Peninsula Corporate Park, Lower Parel, Mumbai – 400 013

Corporate Office: 10th Floor, Parinee Crescenzo, C-30, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400 051


Compliance officer: Ms. Charmy Bhoot
compliance@virescent.co.in


Anti-Bribery Reporting Hotline: 8586808337

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