1. India’s largest commercial and industrial (C&I) renewable energy provider – India’s largest C&I renewable energy provider with 2.80 GW of operational, owned and managed capacity, and 3.17 GW of contracted, yet to be executed capacity, as of October 31, 2025, according to the CRISIL Report.

2. Sponsorship by Brookfield – A Leading Global Investor with Deep Local Expertise – CleanMax is promoted by BGTF One Holdings (DIFC) Limited, an entity which forms part of Brookfield group. As on the date of this Red Herring Prospectus, BGTF One Holdings (DIFC) Limited holds 33,417,101 shares of face value of ₹1 each, which will constitute 31.42% on a fully diluted basis of the issued, subscribed and paid-up Equity Share capital of the Company.

3. Key investors in company – Temasek Holdings invested Rs 296.9 crore in pre-IPO round of company. Also, GSS India Opportunities AIF Scheme I, managed by Bain Capital Advisors (India) Private Limited, is understood to have invested Rs 350 crore in Clean Max Enviro Energy Solution via purchase of shares from existing investors.

4. Marquee customer base – Its business model has enabled the company to foster relationships with 555 customers. CleanMax’s technology customers include Amazon, Apple, CISCO, Equinix and Google, among others and Conventional C&I customers include Apar Industries Limited, Bajaj Auto Limited, Bangalore International Airport Limited, BASF India Limited, Concord Biotech Limited, Grasim Industries Limited (Birla Paints Division), Sansera Engineering, Sona Comstar and Welspun Living, among others.

5. Delivering Net Zero and decarbonization solutions – With 15 years of experience the company specializes supplying renewable power and offering energy services and carbon credit solutions to customers across data centres, infrastructure, cement, steel, FMCG, pharmaceuticals, and global capability centres.

6. Global credibility via Joint Ventures – Clean Max Enviro Energy Solutions Limited (CleanMax) has built global credibility by partnering with international majors such as Apple, Osaka Gas Co. Ltd. and Toyota Tsusho Corporation, who have come in as financial co-investors. These companies have individually entered into joint ventures with CleanMax to co-develop renewable energy projects that supply clean power to Indian corporates.

7. Company’s expertise – Its expertise spans across providing energy contracting, engineering, procurement and construction (EPC) services, and operation and maintenance (O&M) services of renewable energy plants including solar, wind and hybrid plants, within its customer’s premises (Onsite) and within Clean Max-developed renewable energy (solar, wind and hybrid) farms (Offsite).

8. Company’s market share in renewable energy – It had a market share of 8% and 12% of the annual open access renewable energy capacity additions in Fiscal 2025 and Fiscal 2024, respectively, for C&I in the Indian market, with a higher market share in the states of Gujarat and Karnataka, according to the CRISIL Report, where a majority of its operational capacity was present during Fiscal 2024.

9. Distinct business model – the company does not participate in competitive tenders with state-owned distribution companies or central government utilities, which award projects solely based on the lowest tariff bids. Instead, it pursues customer-specific contracting by tailoring projects for corporate consumers’ needs and selling energy generated from its solar, wind, and hybrid renewable energy farms.

10. Financials – The company has demonstrated consistently improving financial performance, with revenue from Renewable Energy Power Sales growing at a CAGR of 52.71% and EBITDA at a CAGR of 58.14% from Fiscal 2023 to Fiscal 2025, higher than peer medians, according to the CRISIL Report. For the year ended 31 March 2025 (FY25), the Company reported Revenue from Operations of ₹1,495.70 crores, compared to ₹1,389.84 crores in FY24, reflecting a growth of ₹105.86 crores (7.62% YoY). EBITDA increased to ₹1,015.07 crores in FY25 from ₹741.57 crores in FY24, registering a strong growth of ₹273.50 crores (36.88% YoY), indicating significant improvement in operating performance.