Company Profile

About Dhivegaa Energy

Dhivegaa Energy was founded to accelerate decarbonisation across every sector through a financially self-sustaining model. Dhivegaa is not only an ESCO. It is a multi-line energy and climate platform.

The company brings together energy efficiency, asset financing, energy management, energy optimisation, carbon markets, and climate advisory through one integrated platform.

Dhivegaa is guided by Dr. Ajay Mathur, former Director General of the International Solar Alliance, TERI, and the Bureau of Energy Efficiency. We serve MSMEs, industries, hotels, hospitals, institutions, and communities through zero-upfront models and verified outcomes.

Key Facts
Founded2026
HeadquartersNew Delhi, India
Business ModelESCO & Shared Savings
Initial MarketsMH, TN, GJ
Growth DirectionNational to Global
PartnerMAHAPREIT, Govt of MH
Carbon RegistriesCCTS, Verra, GS, Art 6
InitiativePledge4Earth Company
Name Origin
Dhi, धी

Intelligence and directed understanding.

Vegaa, वेगा

Speed and urgency.

Combined

Intelligence in Motion.

Problems We Solve
Capital barriers
Credit limitations
Technology and performance risk
Information asymmetry
Lack of a single full-spectrum energy and climate partner
Vision

Our Vision

To be the world’s most trusted partner in decarbonisation, moving with the intelligence to do it right and the urgency to do it now, making the clean energy transition profitable, permanent, and accessible for every sector, every scale, and every organisation.

Mission

Our Mission

Dhivegaa, Intelligence in Motion, exists to make clean energy the most intelligent investment any organisation can make by eliminating every barrier to adoption and ensuring that every step towards decarbonisation creates enduring, measurable value.

Strategic Board & Executive Officers

Leadership & Mentorship

Dr. Ajay Mathur

Dr. Ajay Mathur

Mentor

Former Director General of the International Solar Alliance, TERI, and the Bureau of Energy Efficiency.

He is a globally recognised climate-policy leader providing strategic guidance to Dhivegaa across policy, carbon markets, standardisation, demand aggregation, and institutional partnerships.

Saurabh Kumar

Saurabh Kumar

Chief Executive Officer

Former Managing Director of EESL and Vice President of GEAPP.

He led India’s UJALA LED programme, which distributed 370 million bulbs, along with the National Street Lighting Programme, smart-meter initiatives, and early electric-vehicle infrastructure programmes.

S. Vikash Ranjan

S. Vikash Ranjan

Chief Technology Officer

A sustainability and built-environment authority who has provided core technical design for multiple national climate initiatives.

He has worked with UNDP and UNIDO and leads Dhivegaa’s technical operations, including site-audit methodology, DEROC IoT architecture, and the DHP model catalogue.

Bharat Bhushan

Bharat Bhushan

Chief Financial Officer

Brings more than 30 years of experience in public administration and strategic financial management within the Government of India.

Having served in the Ministry of Information and Broadcasting, he leads Dhivegaa's project economics, shared-savings structuring, financial compliance, and investor relations.

A.K. Asthana

A.K. Asthana

Honorary Advisor

One of India’s senior engineering authorities in small and large-scale industrial energy efficiency.

He brings extensive experience in industrial energy auditing, system retrofitting, thermal optimisation, and energy-efficiency programmes across industrial clusters.

Corporate Ethos

Our Values

What guides every decision we make.

Outcomes Over Technologies

We are committed to verified results, not any particular technology. We deploy the combination of solutions that delivers the best independently measured outcome.

Client Economics First

Every intervention must improve the client’s bottom line. Decarbonisation at scale only happens when it makes clear financial sense.

Commercially Self-Sustaining

We do not rely on subsidies. Our revolving fund model is financially viable at every stage, from the first cluster to global scale.

Verified & Transparent

Every tonne of CO₂ avoided is monitored, measured, and documented. We do not make claims that cannot be proven with data.

Access & Inclusion

Decarbonisation cannot be limited to large corporates. Our model removes capital, credit, and information barriers for organisations of every scale.

Policy Leadership

We stay ahead of India’s evolving energy and climate regulatory landscape through deep policy expertise, regulatory understanding, and active alignment with emerging frameworks.

Partner with India’s clean energy experts.

Get in touch with our strategic advisory team to structured a zero-upfront decarbonisation roadmap.