Virescent is derived from a Latin verb "Virescere", meaning "to become green"
Virescent Infrastructure's objective is to make responsible investments in renewable and sustainable energy projects
Virescent Infrastructure is a renewable energy platform backed by leading global investment firm (KKR) in India. Headquartered in Mumbai, Virescent is established to acquire and manage operating assets and leverage investment opportunities in the fast-growing renewable energy sector. Launch of Virescent comes at a time when renewable energy is expected to become increasingly important source of energy for India.
Virescent currently manages 394.35 MW of solar assets located in Maharashtra, Gujarat, Rajasthan, Uttar Pradesh and Tamil Nadu.
PROJECTS
Our portfolio includes 394.35 MW of solar assets located in Maharashtra, Gujarat, Rajasthan, Uttar Pradesh and Tamil Nadu.
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 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.
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.
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.
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.
