Top 10 Best Carbon Credit Companies in India in 2027
Carbon credits are becoming an important part of India’s transition towards a low-carbon economy. With businesses facing increasing pressure to reduce greenhouse gas emissions, improve environmental performance and meet sustainability commitments, the demand for carbon credit generation, trading, project development and advisory services is expanding. Indian companies are participating in this evolving market through renewable energy projects, regenerative agriculture, afforestation, biochar production, waste management, industrial energy efficiency and other emission-reduction initiatives.
A carbon credit generally represents one metric tonne of carbon dioxide equivalent (tCO2e) reduced, avoided or removed from the atmosphere. These credits can be purchased by businesses and other organisations seeking to compensate for emissions that they have not yet eliminated. Depending on the project and applicable standards, credits can originate from renewable electricity generation, forest conservation, improved agricultural practices, methane capture, clean cooking technologies and carbon removal activities.
India has considerable potential in this sector because of its renewable energy resources, extensive agricultural landscape, forestry opportunities and growing climate technology ecosystem. The country has also been developing its domestic carbon market through the Carbon Credit Trading Scheme (CCTS), established under the Energy Conservation Amendment Act, 2022. The Indian Carbon Market is designed to create a framework through which eligible entities can generate, acquire and trade carbon credit certificates. Its compliance mechanism covers designated energy-intensive sectors, while the offset mechanism creates opportunities for eligible projects outside the compliance framework.
The carbon credit industry includes several different types of companies. Some develop and implement projects that generate carbon credits, while others provide carbon market advisory, project registration, monitoring, reporting, verification coordination, credit procurement and trading services. Renewable energy companies and agricultural technology businesses can also participate by developing projects that generate independently verified environmental benefits.
1. EKI Energy Services Limited
EKI Energy Services Limited is one of India’s prominent companies operating in the carbon credit and climate sustainability industry. Headquartered in Indore, Madhya Pradesh, the company has established its presence in carbon credit development, carbon offsetting, environmental advisory and international carbon market transactions. It works with organisations seeking to develop emission-reduction projects, access carbon markets and monetise environmental benefits generated through eligible climate initiatives.
The company’s activities cover several stages of the carbon credit value chain. These include identifying suitable carbon reduction opportunities, developing carbon credit projects, facilitating project registration, coordinating validation and verification processes, managing carbon assets and supporting the sale of carbon credits. Its project portfolio and business activities have included renewable energy, clean cooking, biomass, forestry, nature-based solutions and waste management. This diversified approach allows it to participate in multiple segments of the voluntary carbon market rather than depending exclusively on one project category.
EKI also provides carbon advisory services to businesses that need assistance with greenhouse gas accounting, sustainability planning and environmental performance. Its services include carbon footprint assessment, emissions reduction strategies, sustainability reporting, ESG advisory, net-zero roadmaps and support for organisations navigating evolving environmental requirements. These capabilities are relevant for Indian businesses preparing for stricter sustainability disclosures and increasing scrutiny of their environmental claims.
An important aspect of the company’s business model is its involvement in both carbon project development and carbon credit trading. Project developers need to understand the technical requirements of carbon accounting, applicable methodologies, baseline emissions, additionality and independent verification. EKI’s experience across these activities gives it exposure to different participants in the carbon market, including project owners, businesses and international credit buyers.
The company has also expanded its sustainability and nature-based solutions activities through its group entities. Its broader services cover environmental project implementation, carbon advisory and climate-related consulting. For businesses looking for assistance beyond simply purchasing carbon credits, this combination of services can be relevant.
EKI Energy Services is particularly relevant to organisations interested in carbon project development, carbon credit procurement, offset portfolio management and sustainability consulting. However, businesses should assess individual projects separately, including their registry status, verification history, credit vintage and ownership arrangements, before purchasing credits.
2. Varaha
Varaha is an India-based climate technology company specialising in carbon removal and nature-based climate solutions. Founded in 2022, the company has developed a business model centred on working with smallholder farmers, agricultural communities and local implementation partners to generate measurable carbon removal and emission-reduction outcomes. Its operations cover several carbon removal pathways, including regenerative agriculture, biochar, afforestation and enhanced rock weathering.
One of Varaha’s major areas of activity is regenerative agriculture. Conventional agricultural practices can contribute to greenhouse gas emissions through excessive soil disturbance, residue burning, inefficient fertiliser application and other activities. Regenerative farming techniques can improve soil health while increasing the amount of organic carbon stored in agricultural land. Varaha works with farmers to implement practices that support these outcomes and generate carbon credits through monitoring and verification.
Biochar is another important component of the company’s operations. It involves converting suitable biomass into a stable carbon-rich material through controlled thermal processes. Agricultural residues that might otherwise be burned or left to decompose can be used as feedstock for biochar production. When appropriately produced and applied, biochar can store carbon for extended periods while potentially improving soil properties. The process also creates opportunities to reduce agricultural residue burning and generate additional income for rural communities.
Varaha is also developing enhanced rock weathering projects. This approach involves applying suitable crushed silicate rocks to agricultural land to accelerate natural chemical weathering processes that can capture and store atmospheric carbon. Such projects require detailed scientific monitoring because the quantity of carbon removed depends on geological, chemical and environmental factors.
The company’s work has attracted international commercial interest. In January 2026, Varaha announced a carbon removal agreement with Microsoft involving more than 100,000 tonnes of carbon dioxide removal over three years. The proposed project includes the development of industrial gasification reactors using agricultural biomass, particularly cotton stalks from Maharashtra. The project is intended to generate durable carbon removal through biochar production.
Varaha has also attracted institutional investment to expand its carbon removal operations. In February 2026, it announced a $45 million Series B funding round led by WestBridge Capital, with an initial $20 million tranche. The funding was intended to support project expansion, scientific research and measurement, reporting and verification capabilities.
Its combination of agricultural partnerships, carbon removal technologies and international corporate offtake agreements makes Varaha an important participant in India’s emerging carbon removal industry. It is particularly relevant for organisations interested in durable carbon removal credits and projects that combine measurable climate outcomes with agricultural and community benefits.
3. Grow Indigo
Grow Indigo is an agricultural technology and sustainability company working to promote regenerative agriculture and develop soil carbon credits in India. Its carbon programme focuses on encouraging farmers to adopt improved agricultural practices that can increase soil organic carbon, reduce emissions and improve the long-term productivity of agricultural land.
Agriculture represents an important opportunity for India’s carbon credit industry because of the country’s large farming population and extensive cultivated area. However, generating credible agricultural carbon credits requires more than simply introducing environmentally friendly farming practices. Projects must establish a baseline, demonstrate measurable improvements, monitor changes over time and undergo independent verification. Grow Indigo’s approach combines farmer engagement, agricultural expertise and technology-based monitoring to address these requirements.
The company’s carbon programme promotes practices such as reduced tillage, direct seeding, improved residue management and other regenerative farming techniques. These practices can help improve soil structure, reduce unnecessary disturbance and support the accumulation of organic carbon. Depending on local agricultural conditions, they can also contribute to more efficient water use and lower input requirements.
An important feature of Grow Indigo’s business model is its focus on smallholder farmers. Individual farms may not generate sufficient carbon reductions to justify the cost of independent project development and monitoring. By bringing multiple farmers together under larger programmes, the company can create economies of scale and make carbon market participation more accessible.
Grow Indigo achieved an important milestone in January 2026 when its Aadi regenerative agriculture project, registered as Verra VCS project 2590, received approval under the Verified Carbon Standard. The project covers rice, wheat and maize farming systems in north-western India and uses Verra’s VM0042 methodology for improved agricultural land management. It was presented as India’s first Verra VM0042 soil carbon programme-based issuance pathway available to smallholder farmers.
The company has also highlighted the financial benefits of carbon farming for participating farmers. Under the Aadi programme, it announced that 75 per cent of carbon credit proceeds would flow directly back to farmers. This arrangement provides an additional financial incentive for farmers to adopt practices that improve soil health and environmental performance.
Grow Indigo combines agricultural knowledge, farmer networks, digital monitoring and carbon market participation. Its activities are relevant to businesses seeking agricultural soil carbon credits and organisations interested in supporting climate initiatives that also improve rural livelihoods.
4. Boomitra
Boomitra is an international climate technology company with significant involvement in agricultural carbon removal projects in India. The company focuses on soil carbon sequestration, regenerative agriculture and technology-enabled carbon measurement. Its business model connects farmers and agricultural communities with carbon finance by helping them adopt practices that improve soil health and increase carbon storage.
One of Boomitra’s distinguishing capabilities is its use of artificial intelligence, satellite imagery, remote sensing and machine learning for measuring soil carbon. Traditional soil carbon measurement can require extensive field sampling, laboratory testing and repeated physical assessments. These processes can become expensive when projects cover thousands of farms spread across different geographical regions. Boomitra uses technology to make monitoring more scalable and support the measurement, reporting and verification process.
Its CarbonFocus technology combines satellite-based information with regional machine learning models and ground-level data. This approach helps assess changes in soil organic carbon and other agricultural indicators. The company uses these insights to support the development of carbon removal projects and provide information about the environmental performance of participating farms.
Boomitra works with farmers and local organisations to encourage improved agricultural practices. These can include reduced tillage, better grazing management, crop residue management and other regenerative farming techniques. Such practices can improve soil conditions, reduce land degradation and support carbon sequestration. The resulting carbon credits can be sold to businesses and other buyers participating in voluntary carbon markets.
Its Carbon Farming in India project, registered under Verra as project 2889, covers more than 200,000 acres. The initiative works with agricultural communities to improve farming practices and increase soil organic carbon. The programme is designed to provide financial benefits to small and marginal farmers through carbon credit generation while supporting broader agricultural sustainability objectives.
The company also gained international recognition after receiving the Earthshot Prize in 2023. Its work with farmers and agricultural communities has helped establish its presence in the global carbon removal ecosystem. Boomitra has also collaborated with organisations such as DP World to support regenerative agriculture and carbon removal projects across multiple countries.
For companies interested in agricultural carbon credits, Boomitra offers an approach that combines digital monitoring with community-level project implementation. Its technology-led methodology is particularly relevant for large agricultural programmes where monitoring individual farms and measuring changes in soil carbon can otherwise be challenging.
5. Climate Impact Partners
Climate Impact Partners is an international carbon market solutions company involved in carbon credit procurement, project development, climate finance and carbon removal initiatives. It works with corporations, investors and project developers to support the development and financing of climate projects that generate verified carbon credits.
The company has a presence in India’s carbon credit ecosystem through nature-based solutions and community-oriented projects. Its activities cover several areas, including afforestation, reforestation, renewable energy, clean technologies and other initiatives that generate measurable greenhouse gas reductions or removals.
A major component of its business is project development. Developing a carbon credit project requires technical assessments, financial planning, land and community engagement, selection of appropriate methodologies, project documentation and independent validation. Companies may also need financing before a project begins generating credits. Climate Impact Partners works across these stages by connecting project developers with investors and corporate buyers interested in securing future carbon credit supplies.
One of its significant Indian initiatives is the Panna afforestation project in Madhya Pradesh. The project is designed as a large-scale community-based afforestation programme covering approximately 20,000 hectares. It aims to plant more than 10 million native trees across private agricultural and community lands, working with local communities and implementation partners.
The initiative is expected to generate substantial carbon removal over its long-term operating period while supporting biodiversity, water conservation and rural livelihoods. In its commercial structure, Climate Impact Partners has worked with Terra Natural Capital to support project financing and Microsoft as a long-term carbon removal buyer. The announced arrangement involves Microsoft purchasing 1.5 million tonnes of verified carbon removal credits over 30 years, representing half of the project’s projected output.
Climate Impact Partners has also demonstrated involvement in developing projects under more demanding carbon methodologies. In February 2026, its Reforesting India: Project Aranya achieved registration under Verra’s VM0047 methodology. The project is located in Madhya Pradesh and focuses on afforestation, reforestation and revegetation. VM0047 is designed to improve the measurement and accounting of carbon removals from such activities.
The company’s services are relevant to organisations that want to purchase carbon credits, finance new carbon projects or develop long-term carbon removal arrangements. Its work in India demonstrates the potential of combining international carbon market expertise, institutional finance and local environmental implementation.
6. Emergent Ventures India
Emergent Ventures India is a climate change, renewable energy and carbon advisory company based in Gurugram, Haryana. It has been involved in carbon market consulting since 2004 and provides services to organisations interested in developing, registering, managing and monetising carbon mitigation projects.
Unlike companies that primarily generate carbon credits through agricultural or forestry operations, Emergent Ventures India focuses substantially on the technical, financial and regulatory aspects of carbon market participation. Its services are relevant to businesses, project owners, renewable energy developers and investors who need professional assistance in understanding carbon market opportunities.
The company’s carbon advisory services cover the identification of greenhouse gas reduction opportunities, project feasibility assessments, carbon asset management and assistance with carbon credit transactions. It also supports project owners through documentation, methodology selection, validation, registration, monitoring and verification-related procedures.
Carbon credit project development involves several technical requirements. A project must establish its emissions baseline and demonstrate that the claimed reductions or removals are measurable and additional under the applicable methodology. Project owners must also maintain appropriate monitoring systems and arrange independent verification. Emergent Ventures India assists organisations with these requirements and facilitates project registration under recognised carbon standards.
The company has experience with multiple international carbon market frameworks, including the Clean Development Mechanism, Verified Carbon Standard and Gold Standard. It also provides assistance relating to International Renewable Energy Certificates and other environmental instruments.
Another important area of its business is carbon credit trading and portfolio management. Organisations holding carbon credits may need assistance in identifying buyers, evaluating commercial opportunities and selecting suitable transaction structures. Emergent Ventures India provides support for over-the-counter transactions, spot sales, auctions, exchange-based transactions and forward sales.
Its wider climate consulting activities include greenhouse gas management, climate policy, sustainability assessments, renewable energy planning and sustainable finance. The company has also reported experience in supporting renewable energy development, including wind and solar projects.
Emergent Ventures India is particularly relevant for organisations that need professional guidance rather than simply purchasing available carbon credits. Businesses planning to develop carbon reduction projects, enter voluntary carbon markets or manage existing environmental assets can benefit from its combination of technical, financial and carbon market expertise.
7. South Pole
South Pole is a global climate solutions company involved in carbon project development, carbon credit procurement, sustainability consulting and climate finance. It works with businesses, governments, project developers and other stakeholders seeking to reduce greenhouse gas emissions and support climate action initiatives.
The company operates across several carbon market segments, including renewable energy, forestry, nature-based solutions, industrial emission reductions and community-based projects. Its activities include identifying suitable projects, supporting project implementation, facilitating carbon credit generation and helping organisations procure credits that align with their environmental objectives.
South Pole’s carbon project development services are particularly relevant for organisations that own land, operate environmental initiatives or have opportunities to reduce emissions but lack the technical resources required to access carbon markets. The company works with eligible project owners and partners to assess the feasibility of initiatives and guide them through the carbon development process.
The project development process can involve baseline assessments, methodology selection, project design documentation, stakeholder consultations, validation, monitoring and independent verification. South Pole provides technical and commercial support across these stages, helping eligible initiatives access carbon finance and generate credits under recognised standards.
Its portfolio includes projects involving renewable energy, industrial processes, community development and nature conservation. In India, the company has been associated with projects such as the poultry litter-based power project in Ranga Reddy district of Andhra Pradesh, which uses agricultural waste management and renewable energy generation to deliver environmental benefits.
South Pole also provides carbon credit procurement and portfolio management services for corporate customers. Companies with substantial greenhouse gas footprints may need credits from multiple project categories to address residual emissions while implementing direct reduction measures. South Pole supports these requirements through project sourcing, credit evaluation and procurement strategies.
Another important aspect of its business is its focus on the quality of carbon credits. Buyers increasingly examine whether a project delivers additional reductions, whether its calculations are scientifically sound, whether credits are independently verified and whether environmental claims can be substantiated. South Pole’s services include helping businesses navigate these considerations and identify suitable carbon assets.
Its international experience and involvement in multiple project categories make it relevant to Indian businesses seeking access to global carbon markets. It is also an option for Indian project owners looking for technical and commercial assistance in developing carbon credit-generating initiatives.
8. ReNew
ReNew is one of India’s major renewable energy companies, with operations across solar power, wind energy, renewable electricity generation and associated clean energy solutions. Although its principal business is renewable energy rather than carbon credit trading, its renewable energy projects are relevant to India’s carbon credit ecosystem because eligible clean energy projects can generate verified emission reductions.
The company’s operations contribute to the displacement of electricity generated from conventional fossil fuel sources. Solar and wind energy projects can reduce greenhouse gas emissions by supplying electricity without the direct combustion of coal, oil or natural gas during generation. Under applicable carbon accounting methodologies, eligible projects can quantify these reductions and potentially generate carbon credits.
ReNew has developed a substantial renewable energy portfolio across India. Its activities include utility-scale solar installations, wind power projects and integrated renewable energy solutions. These projects contribute to India’s broader efforts to expand non-fossil electricity generation and reduce the carbon intensity of its power sector.
The company has also been associated with registered carbon credit projects. Its Renewable Solar Power Project under Verra’s Verified Carbon Standard, identified as VCS1851, is among the significant renewable energy projects recorded in India’s voluntary carbon market. The project has generated carbon credits through renewable electricity production and associated emission reductions.
Renewable energy carbon credits are calculated by comparing the emissions associated with the project’s electricity generation against an appropriate baseline. The calculation must follow the applicable methodology and account for factors such as grid emission intensity, project boundaries and monitoring requirements. Independent validation and verification are necessary before eligible credits can be issued.
ReNew’s broader activities also include corporate sustainability initiatives and efforts to improve the environmental performance of its operations. Its renewable energy expertise gives it a role in the development of clean electricity infrastructure, which remains an important part of India’s climate transition.
For organisations exploring carbon credit opportunities, ReNew is relevant primarily as a renewable energy project developer and operator rather than as a dedicated carbon credit marketplace or carbon advisory company. Businesses evaluating credits associated with its projects should examine the specific registry records, issuance history, vintage and retirement status of the credits.
9. Greenko Group
Greenko Group is a major Indian renewable energy and energy storage company involved in developing clean energy infrastructure. Its operations include solar power, wind energy, hydroelectric power, pumped storage and integrated renewable energy solutions. The company is relevant to India’s carbon credit industry because renewable electricity generation and low-carbon industrial solutions can contribute to measurable greenhouse gas emission reductions.
One of Greenko’s important areas of activity is the development of integrated renewable energy infrastructure. Solar and wind power generation can be intermittent because electricity production depends on weather conditions and the availability of natural resources. Greenko addresses this challenge through energy storage and pumped hydro solutions that can help provide more reliable renewable electricity.
Its integrated renewable energy model is particularly important for industrial consumers that require continuous electricity supplies. By combining renewable generation with energy storage, the company aims to support the transition away from conventional fossil fuel-based electricity.
Greenko has also participated in India’s voluntary carbon market through renewable energy projects. Its Ghani Solar Renewable Power Project is among the projects registered under Verra’s Verified Carbon Standard. The project has generated carbon credits through solar electricity generation and associated reductions in greenhouse gas emissions. The company has also developed other renewable energy assets that contribute to the expansion of clean electricity infrastructure.
An additional area of Greenko’s climate-related activities involves Internationally Transferred Mitigation Outcomes (ITMOs). These are mitigation outcomes transferred between countries under Article 6 of the Paris Agreement, subject to applicable authorisations and accounting requirements. Greenko has outlined an ITMO portfolio involving renewable energy integration, pumped storage hydropower, hybrid renewable energy systems and green ammonia production.
The development of green ammonia is particularly relevant to industrial decarbonisation. Conventional ammonia production is associated with significant greenhouse gas emissions, particularly when fossil fuels are used as feedstock or energy sources. Green ammonia produced using renewable electricity offers an alternative for reducing the carbon intensity of this industrial process.
Greenko’s participation in the carbon market reflects the growing connection between renewable energy infrastructure, industrial decarbonisation and international climate finance. Its operations can be relevant to businesses seeking renewable energy solutions, low-carbon electricity supplies and eligible carbon market opportunities.
However, carbon credits should always be assessed at the individual project level. Renewable energy generation does not automatically qualify for carbon credit issuance. Project eligibility, additionality, methodology requirements and independent verification remain essential considerations.
10. ACME Solar Holdings Limited
ACME Solar Holdings Limited is an Indian renewable energy company engaged in developing, owning and operating solar power projects. Its activities include utility-scale solar installations and other renewable energy infrastructure that supports India’s transition towards cleaner electricity generation.
Solar power is an important contributor to India’s carbon reduction objectives because it provides electricity without the direct greenhouse gas emissions associated with fossil fuel combustion during generation. Large-scale solar installations can displace electricity from conventional power plants, potentially generating measurable emission reductions under eligible carbon accounting frameworks.
ACME has been involved in carbon credit generation through renewable energy projects registered under international standards. Its Bundled Solar Photovoltaic Project by ACME, registered under Verra as VCS1753, is an important example. The project covers multiple solar power installations across India and has generated substantial volumes of carbon credits through renewable electricity production.
The project has been recorded with more than 8.5 million tonnes of issued carbon credits in registry data available by June 2026. This demonstrates the scale at which large renewable energy programmes can contribute to the voluntary carbon market. The project has also recorded significant credit retirements, illustrating its participation in the carbon offset ecosystem.
ACME’s involvement in solar energy projects extends beyond carbon credit generation. The company focuses on developing renewable electricity capacity, managing power generation assets and supporting the supply of clean energy to electricity consumers. Its operations contribute to the expansion of India’s renewable energy infrastructure and the country’s broader energy transition.
The company is also developing additional renewable energy projects that can contribute to future emission reduction opportunities. However, a project being under development or registration does not mean that carbon credits have already been issued. Buyers must distinguish between proposed projects, registered projects, verified emission reductions and issued credits.
For organisations interested in renewable energy-related carbon credits, ACME provides an example of how large-scale solar infrastructure can participate in carbon markets. Its project history also makes it relevant to businesses examining the relationship between clean electricity generation and voluntary carbon credit procurement.
Conclusion
India’s carbon credit industry is developing through the participation of dedicated carbon project developers, agricultural technology companies, renewable energy producers and climate advisory businesses. These organisations contribute to different stages of the carbon credit value chain, from identifying emission reduction opportunities and implementing climate projects to monitoring environmental outcomes, facilitating verification and supporting credit transactions.
Companies such as EKI Energy Services and Emergent Ventures India provide carbon market development, trading and advisory services. Varaha, Grow Indigo and Boomitra are expanding the role of agricultural communities, regenerative farming and carbon removal technologies. Climate Impact Partners and South Pole bring international project development and carbon finance expertise to the Indian market. ReNew, Greenko and ACME demonstrate how renewable energy infrastructure can contribute to carbon credit generation.
The growing importance of carbon credits also makes quality assessment essential. Businesses purchasing credits should examine the project methodology, registry registration, independent verification, additionality, permanence, leakage risks, ownership rights and retirement documentation. They should also distinguish between carbon credits that have already been issued and future credits that are expected to be generated by projects still under development.
India’s Carbon Credit Trading Scheme is expected to create additional opportunities for eligible businesses and project developers as the domestic carbon market develops. Alongside the voluntary carbon market, the emerging compliance framework can encourage investments in energy efficiency, cleaner technologies and industrial emission reductions.
The future of India’s carbon credit industry will depend not only on the volume of credits generated but also on their environmental integrity, transparency and measurable impact. Companies that combine credible project implementation, reliable monitoring systems, responsible community engagement and strong carbon accounting practices will remain important participants in this evolving sector.
