[citation needed] The company's largest shareholder is Caisse de dépôt et placement du Québec (also known as CDPQ), which owns over 50% of the shares outstanding.

[9] In 2014, Azure Power selected Accenture to implement an SAP enterprise resource planning (ERP) solution to support and drive growth in its solar generation business.

As part of the agreement, Accenture provides implementation services in support of the SAP solution to Azure Power to help strengthen its business processes and improve planning, budgeting, forecasting, supply chain and revenue projections.

[10] On 12 October 2016, Azure Power launched an initial public offering (IPO), the first time an Indian energy company had been listed on the New York Stock Exchange.

[11] Azure Power raised approximately US$161 million as part of its pre-IPO, initial public offering and concurrent private placement.