GONE ARE the days of limited women representation in energy, resources and infrastructure industries. Ask Tanya Singhal, who founded renewable energy platform SolarArise and started Mynzo Carbon, a tech platform focussed on increasing climate consciousness by using AI.
Tanya, an IIT-Delhi and Royal Institute of Technology, Sweden, alumnus, entered the solar industry in 2010 after leaving her job at Boston Consulting Group. After working for a few years at a solar thermal firm, she set up solar asset management vehicle SolarArise with colleagues James Abraham and Anil Nayar. “I worked to position solar energy on a par, or even lower, than conventional sources,” she says.
Backed by Core Infrastructure India Fund Pte Ltd., managed by Kotak Mahindra Group, and Global Energy Efficiency and Renewable Energy Fund, advised by European Investment Bank Group, SolarArise raised and deployed over ₹2,000 crore to build solar plants totaling about half GW. In FY23, it reported consolidated revenue of ₹170 crore, up 30% from same period last year.
After eight years of leading SolarArise, Tanya sold the portfolio to investor ThomasLloyd Energy Impact Trust. After the exit, she co-founded Mynzo Carbon with James Abraham. Mynzo (MyNetZero) is developing new-age technologies to help individuals and businesses reduce their carbon footprint. — Chitranjan Kumar