Company lists
The Gurugram edition · 2026

Solar energycompanies in Gurugram

Developers, manufacturers, installers, wind & other renewables, storage & efficiency and more: the companies building solar energy in Gurugram, Haryana, with their founders, funding, team size and business models.

76 company profiles50 with reported revenue10 with recorded fundingOctober 2026 edition
Gurugram · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent solar energy business events in India

Funding, M&A, contract wins and launches involving 2,531 solar energy companies in India, last 24 months: 523 Contracts · 104 M&A deals · 75 funding rounds · 3 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractTechnology

Sharika enterprises · client: Uttarakhand Power Corporation (UPCL)

Sharika Enterprises, a power sector and smart infrastructure solution company, has secured a key subcontract for the deployment of an Advanced Distribution Management System (ADMS) under…

Power distribution
ContractSupply

Ganesh Green Bharat · client: NTPC Renewable Energy

Ganesh Green Bharat Ltd bagged a 1,000 MWh Battery Energy Storage System (BESS) engineering, procurement, and construction (EPC) contract from NTPC Renewable Energy Ltd (NTPC REL).

Renewable energy
FundingQualified Institutional Placement (QIP)

Acme solar

Acme Solar aims to raise up to ₹2,800 crore through the QIP. The issue comprises a base size of ₹2,600 crore, along with a greenshoe option of ₹200 crore.

Investors Na
M&AAcquisition · Announced

Aditya birla group acquires Sprng energy

According to sources to Manicontrol, after collecting binding bids, Aditya Birla Group, led by Kumar Mangalum Birla, has taken the lead in the race to buy Indian Renewable Energy…

Renewable Energy
ContractSupply

Hirschvogel Components · client: Hinduja renewables

Hinduja Renewables Energy Private Limited (HREPL), the renewable energy Company of the Hinduja Group, has signed solar Power Delivery Agreements with Höganäs India Private Limited and…

Renewable energy
ContractSupply

Hoganäs India Private Limited · client: Hinduja renewables

Hinduja Renewables Energy Private Limited (HREPL), the renewable energy Company of the Hinduja Group, has signed solar Power Delivery Agreements with Höganäs India Private Limited and…

Renewable energy
ContractSupply

Sharika enterprises · client: East india udyog

Smart grid firm Sharika Enterprises Limited has secured a ₹24.90 crore subcontract from East India Udyog Limited for UPCL's Ganga Corridor project.

Power
ContractSupply

Saatvik Green Energy · client: Domestic independent power producer

Saatvik Green Energy Limited today announced that it has received and accepted an order aggregating to ₹171.45 crore for a domestic independent power producer.

Clean energy / solar
M&AAcquisition · Completed

Thakral acquires TIL Investments Private Limited (TIL)

Thakral Corporation Ltd (TCL) has completed the acquisition of an additional 81.64% equity stake in TIL Investments Private Limited (TIL) through its wholly-owned subsidiary, Paramount…

Healthcare-led real estate development
M&AMerger · Completed

Mascot dynamics acquires Amrut Energy Private Limited

Amrut Energy Private Limited, a leading manufacturer of solar-powered water pumping systems, today announced its merger into Mascot Dynamics Private Limited, a diversified engineering…

Solar-powered water pumping systems
ContractSupply

Hpl electric & power · client: GMR Triveni Smart Meters Limited

HPL Electric & Power Limited secured work orders worth Rs. 242.24 crore from multiple infrastructure companies for the supply of smart meters, strengthening its order book and growth…

Smart metering
ContractSupply

Hpl electric & power · client: GMR Kashi Smart Meters Limited

HPL Electric & Power Limited secured work orders worth Rs. 242.24 crore from multiple infrastructure companies for the supply of smart meters, strengthening its order book and growth…

Smart metering
Funding

Waaree energies

Waaree Energies has announced plans to enter the semiconductor segment as part of a broader restructuring exercise, alongside the approval of a fundraising programme of up to ₹100…

Semiconductor, Power Electronics, Renewable Energy
M&AAcquisition · Announced

Waaree acquires Waaree

Waaree Power Private Limited, a wholly owned subsidiary, will acquire 100% shareholding of Waaree Semicon Private Limited from Waaree Sustainable Finance Private Limited

ContractSupply

Bondada Engineering · client: Ambuja cements

Bondada Engineering, a Hyderabad-based engineering, procurement, and construction company, has secured multiple orders worth ₹1.25 billion (~$13.22 million) for a 75 MW solar project in…

Solar
ContractSupply

Bondada Engineering · client: Adani Ports and Special Economic Zone

Bondada Engineering, a Hyderabad-based engineering, procurement, and construction company, has secured multiple orders worth ₹1.25 billion (~$13.22 million) for a 75 MW solar project in…

Solar
M&AAcquisition · Completed

Saatvik Green Energy acquires Melcon Transformers and Electricals

Saatvik Green Energy has acquired 80% equity stake in Melcon Transformers and Electricals, a Jaipur-based transformer manufacturer.

Transformer Manufacturing
M&AAcquisition · Announced

Premier energies acquires Ksolare energy

Premier Energies acquired a 51% stake in transformer manufacturer Transcon and inverter producer KSolare Energy. Premier invested INR5 billion (US$56.96 million) in Transcon and INR1.7…

Inverter Production
ContractInfrastructure

Solarworld Energy Solutions Limited · client: NTPC Renewable Energy

Solarworld Energy Solutions Limited has announced the signing of an Engineering, Procurement, and Construction (EPC) contract with NTPC Renewable Energy Limited for the development of a…

Renewable Energy
FundingLetter of Intent

Zodiac energy

Zodiac Energy has received a Letter of Intent (LoI) worth around $3.28 million (around Rs 30.85 crore) from an international entity based in Zambia. The LoI is for execution of a turnkey…

Investors Na
Solar Energy
M&AAcquisition · Announced

Inox Clean Energy acquires Sunsource energy

It also announced the acquisition of a solar projects portfolio from SunSource Energy, the Indian arm of the Netherlands-based SHV Energy.

Solar Projects
M&AAcquisition · Announced

Inox Clean Energy acquires Sunsource energy

It also announced the acquisition of a solar projects portfolio from SunSource Energy, the Indian arm of the Netherlands-based SHV Energy.

Solar Energy
ContractGovernment

Uttar Pradesh government · client: Loom solar

Loom Solar has secured a second land allotment from the Uttar Pradesh government to scale its solar and Battery Energy Storage Systems (BESS) manufacturing capacity.

Renewable Energy
M&AAcquisition · Completed

Shell Group acquires Sprng energy

Shell Group acquired Sprng as part of a global clean energy pivot for $1.55 billion in 2022.

Renewable Energy
M&AAcquisition · Pending

National Investment and Infrastructure Fund (NIIF) acquires Sprng energy

National Investment and Infrastructure Fund (NIIF) has emerged as the frontrunner to acquire Sprng Energy from Shell for nearly $1.7 billion, said people in the know, as India’s…

Renewable Power / Energy
ContractService

Sterling and wilson renewable energy · client: Coal india

The company said it has been declared the L1 bidder for a turnkey EPC package from Coal India for the development of an 875 MW (AC) grid-connected solar PV project in Bikaner, Rajasthan.…

Renewable Energy
FundingParent company guarantee

Sterling and wilson renewable energy

Sterling and Wilson Renewable Energy Limited has issued a USD 34 million parent company guarantee in favour of Nedbank Limited to secure an additional working capital facility for…

Investors Nedbank
Solar power
ContractSupply

Ganesh Green Bharat · client: Na

Ganesh Green Bharat on Friday said that it has bagged a new order worth ₹430 crore for the supply of bifacial solar modules.

Solar
M&AAcquisition

Thermax acquires Exactspace

Thermax acquired ExactSpace, a specialist in AI-driven industrial IoT solutions.

Solar energy companies in Gurugram, by revenue

Browse solar energy companies in Gurugram by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 50 solar energy companies in Gurugram, Haryana that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Provider of infrastructure development services

Solar energy
₹6,857.82 crFY 2024-25
+42%2024–2025
6recorded Sep 2024
4 yr2022
0none in 3 months

Manufacturers of solar PV modules

Solar energy
₹2,192.47 crFY 2024-25
Not reported
1,448+24% 12 mo to Sep 2024LinkedIn · Oct 2026
11 yr2015
0none in 3 months

Independent solar power producers

Solar energy
₹1,575.24 crFY 2024-25
Not reported
451+76% 12 mo to Sep 2024LinkedIn · Oct 2026
16 yr2010
0none in 3 months · last posted May 2026

Renewable energy company specializing in engineering, procurement, and construction services for solar, wind, and hybrid power systems

Solar energy
₹857.36 crFY 2024-25
-32%2024–2025
275LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Provider of renewable energy services

Solar energy
₹702.17 crFY 2024-25
+98%2024–2025
282LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Provider of remote monitoring and management of telecom sector

Solar energy
₹431.40 crFY 2024-25
Not reported
141LinkedIn · Jul 2026
23 yr2003
0none in 3 months

Manufacturer of solar panels and powered storage products

Energy storage
₹426.53 crFY 2024-25
+34%2024–2025
972-8% 12 mo to Jan 2019LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Manufacturer of solar charging products

Solar energy
₹203.20 crFY 2024-25
+2%2024–2025
73+33% 12 mo to Sep 2024LinkedIn · Oct 2026
12 yr2014
0none in 3 months

Leading solar distribution company specializing in importing and distributing solar inverters and modules

Solar energy
₹172.36 crFY 2024-25
Not reported
19LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of renewable energy services specializing in solar power systems

Solar energy
₹169.00 crFY 2024-25
+75%2024–2025
42LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jun 2026

Developer of wind and solar energy projects

Wind energy
₹140.47 crFY 2024-25
-8%2024–2025
—Not available
13 yr2013
0none in 3 months

Solar installation company

Solar energy
US$16.37mDec 2022
Not reported
—Not available
7 yr2019
0none in 3 months

Provider of solar engineering, procurement, and constructions services

Solar energy
₹132.90 crFY 2024-25
-49%2024–2025
7LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of distributed solar and grid power solutions

Solar energy
₹129.48 crFY 2024-25
+38%2024–2025
30LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Solar panel installation and O&M service providing company

Solar energy
₹120.51 crFY 2024-25
+47%2024–2025
137+112% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Developer of wind & solar energy, hybrid, and hydro power projects

Solar energy
₹94.05 crFY 2024-25
Not reported
51+1163% vs previous recordLinkedIn · Oct 2026
15 yr2011
9postings · last posted Sep 2026

Provider of solar energy services for residential & commercial properties

Solar energy
₹82.81 crFY 2024-25
+93%2024–2025
124+333% 12 mo to Sep 2024LinkedIn · Oct 2026
11 yr2015
0none in 3 months · last posted Jun 2026

Solar energy company providing solar solutions

Solar energy
₹71.87 crFY 2024-25
+48%2024–2025
—Not available
13 yr2013
0none in 3 months

Provider of solar panel installation services

Solar energy
₹51.54 crFY 2024-25
+39%2024–2025
65+75% 12 mo to Mar 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Micro-Grid power generation

Solar energy
₹49.01 crFY 2024-25
+7%2024–2025
146-22% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months

Developer of solar energy projects

Solar energy
₹35.06 crFY 2024-25
Not reported
35+114% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of solar panel installation and O&M services

Solar energy
₹34.82 crFY 2024-25
+27%2024–2025
186+18% 12 mo to Sep 2024LinkedIn · Oct 2026
10 yr2016
0none in 3 months

Provider of solar O&M services

Solar energy
₹28.07 crFY 2024-25
+9%2024–2025
26LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Developer of solar energy projects

Solar energy
₹26.50 crFY 2024-25
Not reported
3,144+59% 12 mo to Jul 2024LinkedIn · Oct 2026
23 yr2003
0none in 3 months

Provider of solar energy solutions, offering installation and maintenance services for residential and commercial customers

Solar energy
₹9.87 crFY 2024-25
+47%2024–2025
31LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026
50 of 76 companies shown here · the full list is on Radar
Fliar Radar

Explore all 76 solar energy companies in Gurugram on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open solar energy in Gurugram on Radar
  • Every company, not just 50All 76 solar energy companies in Gurugram, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore solar energy companies in Gurugram by what you are looking for

Find solar energy companies in Gurugram, from solar panel manufacturing companies to project developers and installers. Browse top solar energy companies and solar energy startups in Gurugram by what they do.

8 ways to explore solar energy in Gurugram

Solar project developers & power producersSolar panel & equipment manufacturersSolar installation, design & maintenance servicesWind, hydro & other renewable energy companiesEnergy storage & energy efficiency companiesSolar energy startups in Gurugram

Solar project developers & power producers

Companies that develop, build and run solar power plants and sell the electricity.

  1. ACME Solar

    Independent solar power producers

    Solar energy
    See in list
  2. Blupine Energy

    Provider of renewable energy services

    Solar energy
    See in list
  3. Remcl

    Developer of wind and solar energy projects

    Wind energy
    See in list
  4. Punchline Energy

    Custom Solar power solutions developer

    Solar energy
    See in list
  5. VSL Renewable Services

    Provider of renewable energy services specializing in solar power systems

    Solar energy
    See in list

Solar panel & equipment manufacturers

Makers of solar panels, modules and related generation equipment.

  1. Saatvik Green Energy

    Manufacturers of solar PV modules

    Solar energy
    See in list
  2. Su-Kam Power Systems

    Manufacturer of solar panels and powered storage products

    Energy storage
    See in list
  3. Sunrix

    Manufacturer of solar PV modules and provider of EPC installations

    Solar energy
    Website
  4. kyocera ctc precision tools

    The Kyocera Group is one of the leading supplier of solar power generating systems, mobile phones, printers, copiers, printheads, LCDs, electronic components, semiconductor packages, etc.

    Solar energy
    Website
  5. Three Sixty Power Product

    Manufacturer of power backup systems and renewable energy solutions

    Solar energy
    Website

Solar installation, design & maintenance services

Service providers that plan, install and maintain solar systems for homes and businesses.

  1. AM Green Solar

    Provider of solar energy solutions and services for improving energy efficiency and practicing sustainable energy

    Solar energy
    See in list
  2. SUNKIND

    Solar panel installation and O&M service providing company

    Solar energy
    See in list
  3. ARC

    Provider of solar EPC and O&M services

    Solar energy
    See in list
  4. Solar AMC

    Provider of solar O&M services

    Solar energy
    See in list
  5. SunAlpha Energy

    Offers solar financing

    Solar energy
    See in list

Wind, hydro & other renewable energy companies

Companies that combine solar with wind, hydro, bioenergy and other clean energy.

  1. Apollo Green Energy

    Renewable energy company specializing in engineering, procurement, and construction services for solar, wind, and hybrid power systems

    Solar energy
    See in list
  2. LR Energy

    Developer of solar energy projects

    Solar energy
    See in list
  3. Solfin

    Provider of SME loans for solar projects

    Alternative lending
    See in list

Energy storage & energy efficiency companies

Companies offering batteries, power storage and energy saving solutions alongside solar.

  1. Su-Kam Power Systems

    Manufacturer of solar panels and powered storage products

    Energy storage
    See in list
  2. Remcl

    Developer of wind and solar energy projects

    Wind energy
    See in list
  3. Oorja On Move Infra

    Provider of solar installation, smart city, and homes services

    Solar energy
    See in list
  4. UM Green

    Manufacturer of high-volume timber staircases for commercial clients

    Solar energy
    See in list
  5. Jupiter Solars

    Provider of on-site, off-site solar solutions and battery energy storage systems

    Solar energy
    Website

Solar energy startups in Gurugram

Newer solar energy companies founded in Gurugram in recent years.

  1. GMR Power & Urban

    Provider of infrastructure development services

    Solar energy
    See in list
  2. Blupine Energy

    Provider of renewable energy services

    Solar energy
    See in list
  3. Solfin

    Provider of SME loans for solar projects

    Alternative lending
    See in list
  4. Zircle

    Provider of solar services for commercial & residential

    Solar energy
    See in list
  5. AM Green Solar

    Provider of solar energy solutions and services for improving energy efficiency and practicing sustainable energy

    Solar energy
    See in list
10 companies in Gurugram

Solar energy companies hiring in Gurugram

Solar energy companies in Gurugram that are currently hiring.

  1. ACME Solar

    Independent solar power producers

    Solar energy
    See in list
  2. VSL Renewable Services

    Provider of renewable energy services specializing in solar power systems

    Solar energy
    See in list
  3. Solar 91

    Provider of solar energy services for residential & commercial properties

    Solar energy
    See in list
  4. LR Energy

    Developer of solar energy projects

    Solar energy
    See in list
4 companies in Gurugram

Listed solar energy companies in Gurugram

Publicly listed solar energy companies based in Gurugram.

  1. GMR Power & Urban

    Provider of infrastructure development services

    Solar energy
    See in list
  2. Saatvik Green Energy

    Manufacturers of solar PV modules

    Solar energy
    See in list
  3. ACME Solar

    Independent solar power producers

    Solar energy
    See in list
  4. Smarten Power Systems

    Manufacturer of solar charging products

    Solar energy
    See in list
  5. ReNew

    Developer of wind & solar energy, hybrid, and hydro power projects

    Solar energy
    See in list
5 companies in Gurugram
Mobile reach

Top 4 solar energy apps from Gurugram

The most-installed Android apps published by solar energy companies headquartered in Gurugram — 41K installs between them. 4 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 4
2

HomeScape Solar

by HomeScape

Installs12K
Rating—
Last updatedJan 2024
View on Google Play ↗
HomeScape Solar screenshot 1HomeScape Solar screenshot 2HomeScape Solar screenshot 3HomeScape Solar screenshot 4HomeScape Solar screenshot 5HomeScape Solar screenshot 6
The business behind the activity

Solar energy financials in Gurugram

Revenue, profit and growth from the filed annual accounts of 49 solar energy companies in Gurugram, Haryana for FY24-25 — 55 of the 76 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 66% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹4,625.85 cr

49 companies filing accounts

combined net profit₹1,092.38 cr

23.6% aggregate margin

are profitable65%

31 of 49 companies

median revenue~₹8.7 cr

the typical company

median revenue growth+32%

into FY24-25

earned by the top five66%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,758.30 crFY19-2032 filers
₹2,483.37 crFY20-2141 filers
₹3,803.96 crFY21-2241 filers
₹4,286.43 crFY22-2342 filers
₹3,529.97 crFY23-2445 filers
₹4,625.85 crFY24-2549 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 38 companies over three years

+28%
FY22-23₹3,588.40 cr−₹308.32 cr net
FY23-24₹3,528.60 cr₹935.12 cr net
FY24-25₹4,596.85 cr₹1,125.46 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr1436% profitable
₹1–10 cr1250% profitable
₹10–100 cr1275% profitable
₹100–1,000 cr10100% profitable
Over ₹1,000 cr1100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking14
0–20%5
20–50%9
50–100%4
Doubled+13

45 companies with accounts for both years; median growth +32%.

Profitability

Profit is concentrated at the top

31profitable
17loss-making
23.6%aggregate margin
2.1%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
WinnerspitchWINNERSPITCH ENERGY PRIVATE LIMITED
Solar 91SOLAR91 CLEANTECH LIMITED+216%₹135.90 cr
ACME SolarAcme Solar Holdings Limited+150%₹1,511.84 cr
SolluzSOLLUZ ENERGY PRIVATE LIMITED+103%₹35.06 cr
VSL Renewable ServicesVSL LOGISTICS SOLUTIONS PRIVATE LIMITED+75%₹169.00 cr
J.S. SolartechJ.S. SOLARTECH INDIA PRIVATE LIMITED+67%₹172.36 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
GMR Power & UrbanGMR POWER AND URBAN INFRA LIMITED146.8%₹508.59 cr
RemclREMC LIMITED56.5%₹140.47 cr
ACME GroupEDEN SOLAR ENERGY GURGAON PRIVATE LIMITED38.3%₹26.50 cr
SUNKINDSUNKIND INDIA LIMITED12.7%₹92.85 cr
ACME SolarAcme Solar Holdings Limited12.5%₹1,511.84 cr
Solar 91SOLAR91 CLEANTECH LIMITED12.2%₹135.90 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solar energy46₹4,055.85 cr~₹8.6 cr64%24.6%
Leaders

Largest solar energy companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
ACME SolarAcme Solar Holdings Limited₹1,511.84 cr₹188.77 cr12.5%+150%
GMR Power & UrbanGMR POWER AND URBAN INFRA LIMITED₹508.59 cr₹746.60 cr146.8%-37%
VNTVRINDA NANO TECHNOLOGIES PRIVATE LIMITED₹431.40 cr₹25.74 cr6.0%+30%
Su-Kam Power SystemsSU-KAM POWER SYSTEMS LIMITED₹426.53 cr₹15.96 cr3.7%+34%
Smarten Power SystemsSMARTEN POWER SYSTEMS LIMITED₹180.70 cr₹11.74 cr6.5%-1%
J.S. SolartechJ.S. SOLARTECH INDIA PRIVATE LIMITED₹172.36 cr₹3.39 cr2.0%+67%
VSL Renewable ServicesVSL LOGISTICS SOLUTIONS PRIVATE LIMITED₹169.00 cr₹1.27 cr0.8%+75%
RemclREMC LIMITED₹140.47 cr₹79.31 cr56.5%-8%
Solar 91SOLAR91 CLEANTECH LIMITED₹135.90 cr₹16.61 cr12.2%+216%
Blupine EnergyBlupine Energy Private Limited₹133.18 cr₹15.19 cr11.4%+64%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

AdTech Industry Landscape of Gurugram

The financials above are one chapter. The full solar energy landscape of Gurugram maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the solar energy landscape of Gurugram
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Solar energy funding and M&A across India

377 recorded equity rounds have gone to 2,531 solar energy companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gurugram compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months11

US$730.02m

equity rounds, last 24 months46

US$1.23bn

raised over five yearsUS$4.24bn

155 rounds in India

M&A deals, India104

last 24 months

Capital by year

Equity funding into solar energy in India

amount rounds
$532m201822
$905m201913
$440m202012
$600m202122
$902m202221
$783m202328
$786m202449
$791m202527
$382m20268

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2019, with US$905.43m across 13 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$102.18m23 rounds · median US$337k
SeedUS$47.59m44 rounds · median US$436k
Series AUS$345.68m35 rounds · median US$4.28m
Series BUS$614.78m15 rounds · median US$27.10m
Series CUS$498.59m13 rounds · median US$28.94m
Series D+US$2.17bn20 rounds · median US$58.75m
Private equityUS$464.95m5 rounds · median US$59.86m
Where the money went · five years

Most-funded sub-sectors

Solar energyUS$3.38bn122 rounds · 64 companies
Wind energyUS$771.24m11 rounds · 4 companies
Alternative lendingUS$54.61m4 rounds · 1 companies
Service providers to banksUS$15.66m4 rounds · 1 companies
Renewable energy techUS$11.80m3 rounds · 2 companies
Investment techUS$11.47m6 rounds · 1 companies
Energy storageUS$478k2 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

101Acquisition
2Merger
1Announced

Most active acquirers

  1. Waaree energies14
  2. Premier energies9
  3. ONGC-NTPC Green Pvt Ltd8
  4. Thermax4
  5. Na4

Most acquired or merged

  1. Sprng energy10
  2. Ayana renewable power9
  3. Ksolare energy6
  4. Sterling and wilson renewable energy5
  5. O2 power4

Each deal appears in the events strip at the top of the page.

Solar energy funding in Gurugram

10 solar energy companies in Gurugram have recorded equity funding, US$2.02bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gurugram

Meet the people behind solar energy companies in Gurugram. 35 of 76 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring solar energy in India and nearby markets.

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