BUSINESS BRIEF
It is a well-managed and profitable solar equipment manufacturing company specializing in solar water heaters, solar lighting, and solar tank heaters. The business has a strong market presence across multiple Indian states and is known for its product quality, ethical practices and robust dealer network.
Highlights:
- It has a strong dealer network of more than 150 dealers mainly covering the states of Maharashtra, Karnataka,MP, Goa, Gujarat and Telangana. Other states like Delhi, Gujrat, Chhatisgad, Haryana, Jharkhand, Assam arealso covered.
- Number of Employees: Staff 7, Skilled and Unskilled workers 32
- Factory building of approx. 7,218 sq.ft. stands on a MIDC leased plot of 10,758 sq.ft. and another factory building of 12,623 sq.ft. is on MIDC Leasehold land of 24,960sq.ft
- Plant & Machinery sufficient for in-house manufacturing with minimal outsourcing
- Established base of vendors and out-sourced contractors
- Fully Statutorily Compliant
- No disputes or pending cases with taxation or other statutory authorities
- No legal cases by or against the Company
Certification and Approvals:
The Company is ISO 9001:2015 certified. Approved by BIS, IREDA, MEDA, MNRE, PWD & DGS&D. Companyempaneled by MSEDCL and MNRE for Solar Power Projects.
Products & Services
- Solar Water Heaters- ETC Water Heater (Evacuated Tube Collector), FTC Water Heater (Flat Plate Collector), FPC Water Heater (Flat Plate Collector)
- Solar Heating Panels (ETC Manifolds)
- Industrial Solar Water Heaters & Solar Flat Plate Collectors
- Heat Pump Water Heaters
- Solar Lighting Equipment
- Solar Water Tank Heaters
Proposal
Industry
Energy and Environmental
Sub Industry
Solar Equipment/module Manufacturing
Nature of Business
B2B
Sector
Manufacturing (Contract Manufacturing)
Reason for sell-off
Strategic Realignment or Pursuing New Opportunities
Location
India
Region
Western
Open For Dilution
100 % (Complete Buyout)
Top Customer
Deal Size
INR 10 - 15 Cr
Justification
Based on market multiples
Business Operation Information
Financial Information |
2025 (in INR Cr) | 2024 (in INR Cr) | 2023 (in INR Cr) |
---|---|---|---|
Sales |
N.D | 11.51 | 10 |
EBITDA |
N.D | ||
PAT |
N.D |