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
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Industry

Energy and Environmental

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Sub Industry

Solar Equipment/module Manufacturing

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Nature of Business

B2B

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Sector

Manufacturing (Contract Manufacturing)

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Reason for sell-off

Strategic Realignment or Pursuing New Opportunities

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Location

India

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Region

Western

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Open For Dilution

100 % (Complete Buyout)

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Top Customer

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Deal Size

INR 10 - 15 Cr

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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
Business Documents