- CEO
- Harsh Ajaykumar Mittal
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- Nagpur India
- IPO Date
- Oct 5, 2026
- Business
- Sai Urja Indo Ventures Limited provides integrated operation and maintenance (O&M) and industrial support services for large-scale utility and manufacturing plants across India. The company offers a systematic suite of engineering and technical solutions, including plant operation and maintenance for Boiler-Turbine-Generator (BTG) systems, Balance of Plant (BOP), and Ash Handling Plants (AHP); raw material handling and bulk logistics management, encompassing Coal Handling Plants (CHP), wagon tipplers, railway siding operations, and Merry-Go-Round (MGR) systems; electrical infrastructure maintenance for high-voltage transmission lines up to 765 kV, transformers, switchyards, and substations; Control and Instrumentation (C&I) calibration, monitoring, and industrial automation services; scheduled equipment overhauls and shutdown maintenance; facility management and industrial housekeeping; and specialized technical, skilled, semi-skilled, and unskilled manpower supply services.
The company primarily caters to core industrial sectors, including thermal power generation, iron and steel manufacturing, chemical production, and agrochemical processing. It serves leading public and private industrial enterprises, including NTPC Limited, Maharashtra State Power Generation Company Limited (MAHAGENCO), Steel Authority of India Limited (SAIL), Adani Power, GMR Energy, and Hindustan Urvarak and Rasayan Limited (HURL). Sai Urja Indo Ventures Limited operates through multi-year, fixed-price contracts across multiple Indian states, maintaining an operational footprint in Maharashtra, Uttar Pradesh, Bihar, Jharkhand, Madhya Pradesh, Rajasthan, Karnataka, Telangana, Chhattisgarh, and Odisha.
In recent corporate developments, the company underwent a corporate restructuring and converted from a private entity into a public enterprise, changing its legal name from Sai Urja Indo Ventures Private Limited to Sai Urja Indo Ventures Limited in February 2025. In October 2026, the company completed its initial public offering (IPO) and listed its equity shares on the BSE SME platform under the ticker symbol SAIURJA (BSE: 544958). Capital raised from the offering is utilized to support working capital requirements, optimize capital structure through debt repayment, and expand service operations across industrial corridors. Sai Urja Indo Ventures Limited was founded in 2012 and is headquartered in Nagpur, Maharashtra, India.