INOXGFL-Authum Consortium Secures Wind World India with INR 350 Crore Deal
A consortium comprising INOXGFL Group companies and Authum Investment & Infrastructure Limited has been declared the successful resolution applicant for Wind World India Limited's corporate insolvency resolution process. The Committee of Creditors approved the resolution plan, with the Resolution Professional issuing a letter of intent on February 19, 2026.
The acquisition involves a strategic partnership between established renewable energy players and infrastructure investors. Under the approved resolution plan, different consortium members will acquire specific business segments of Wind World India.
The consortium structure and financial commitment are as follows: - Lead Member: Inox Neo Energies Limited - Consortium Partner: Authum Investment & Infrastructure Limited - Authum's Commitment: INR 350.00 crore - Target Assets: Real estate and identified assets - Letter of Intent Date: February 19, 2026
The resolution plan strategically divides Wind World India's operations among consortium members based on their core competencies. Wind World India operates across multiple renewable energy segments with substantial operational capacity. The asset allocation and business segments are as follows: - IPP Portfolio: 550 MW operational capacity, acquired by Inox Neo Energies (Lead Member) - O&M Services: 4.5 GW servicing portfolio, acquired by INOXGFL Group affiliates - Real Estate Assets: Identified properties, acquired by Authum Investment & affiliates - Manufacturing: Wind turbine production, part of the overall resolution
Wind World India Limited, incorporated in 2003 and headquartered in Daman, has maintained consistent revenue growth despite undergoing corporate insolvency resolution process since February 2018. The company's diversified renewable energy operations span manufacturing, independent power production, and operations & maintenance services. Here is a financial overview of Wind World India: - FY 2025: INR 665.95 crore - FY 2024: INR 583.20 crore - FY 2023: INR 529.28 crore
Authum Investment views the acquisition as an opportunity to partner with marquee strategic investors while generating value through asset monetization. The company's INR 350 crore financial commitment focuses on acquiring identified real estate and other assets from Wind World India's portfolio.
The resolution plan includes provisions for potential debt or equity infusion by Authum Investment in Wind World India upon implementation, subject to agreement with the lead member. The acquisition is expected to complete within 60 days from the National Company Law Tribunal's approval of the resolution plan.
The resolution plan requires approval from the National Company Law Tribunal, Ahmedabad Bench, and potentially other courts or tribunals under applicable laws. The transaction represents a non-related party acquisition for Authum Investment, with no promoter group interest in the target entity.
For INOXGFL Group, the acquisition strengthens their integrated renewable energy platform, while Authum Investment gains exposure to renewable energy sector assets through strategic real estate holdings. The consortium approach enables specialized focus on different asset categories within Wind World India's diversified portfolio.
