Panel makers, project developers, installers, wind & hydro, grid & smart energy and more: the companies building solar energy in Hyderabad, Telangana, with their founders, funding, team size and business models.
Funding, M&A, contract wins and launches involving 2,531 solar energy companies in India, last 24 months: 525 Contracts · 105 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.
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…
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).
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.
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…
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…
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…
Awarded under the Uttarakhand Power Corporation Limited's (UPCL) flagship Ganga Corridor power distribution modernization project, Sharika Enterprises will work with East India Udyog…
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…
Waaree Renewable Technologies on Thursday said it has inked pacts for the acquisition of a 55 per cent stake in Associated Power Structures Pvt Ltd for ₹1,225 crore.
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…
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…
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…
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
Waaree Power Private Limited, a wholly owned subsidiary, will acquire 100% shareholding of Waaree Semicon Private Limited from Waaree Sustainable Finance Private Limited
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…
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…
"Our acquisition of Melcon is a strategic step towards deepening our control across the power value chain. By integrating transformer manufacturing, we are not just adding a capability…
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…
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…
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…
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 · 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…
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.…
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…
Thermax acquired ExactSpace, a specialist in AI-driven industrial IoT solutions.
Solar energy companies in Hyderabad, by revenue
Browse solar energy companies in Hyderabad 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 71 solar energy companies in Hyderabad, Telangana 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
Company & businessRevenueRevenue growthHeadcount & growthAgeJobs · last 3 months
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Reputable manufacturer, supplier, and service provider of solar electricity solutions, including solar lighting and other renewable energy products, catering to various industries and consumers
Every company, not just 50All 125 solar energy companies in Hyderabad, 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 Hyderabad by what you are looking for
Find solar energy companies in Hyderabad, from solar panel manufacturers to solar project developers and installers. Browse the top solar energy companies, solar stocks and solar startups in Hyderabad grouped by what they do.
8 ways to explore solar energy in Hyderabad
Solar panel & module manufacturersSolar project developers & power producersSolar installation & rooftop solution providersWind, hydro & hybrid renewable energy companiesSmart grid, energy management & power electronicsSolar energy startups in Hyderabad
Solar panel & module manufacturers
Manufacturers of solar panels, cells, modules and solar products.
The most-installed Android apps published by solar energy companies headquartered in Hyderabad — 248K installs between them. 5 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.
Revenue, profit and growth from the filed annual accounts of 63 solar energy companies in Hyderabad, Telangana for FY24-25 — 80 of the 125 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 76% of the revenue, so medians describe the typical company better than totals.
combined revenue, FY24-25₹12,423.00 cr
63 companies filing accounts
combined net profit₹656.10 cr
5.3% aggregate margin
are profitable75%
47 of 63 companies
median revenue~₹6.4 cr
the typical company
median revenue growth+38%
into FY24-25
earned by the top five76%
revenue concentration
Six-year view
Combined revenue of filing companies
₹6,185.46 crFY19-2056 filers
₹5,069.45 crFY20-2159 filers
₹6,930.59 crFY21-2257 filers
₹9,580.42 crFY22-2360 filers
₹10,446.61 crFY23-2466 filers
₹12,423.00 crFY24-2563 filers
The number of companies filing changes each year; the three-year cohort below compares like with like.
Like-for-like
The same 48 companies over three years
+47%
FY22-23₹8,383.63 cr₹17.27 cr net
FY23-24₹10,138.75 cr₹345.20 cr net
FY24-25₹12,357.64 cr₹657.71 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 cr1947% profitable
₹1–10 cr1580% profitable
₹10–100 cr1688% profitable
₹100–1,000 cr786% profitable
Over ₹1,000 cr6100% 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%11
20–50%9
50–100%9
Doubled+17
60 companies with accounts for both years; median growth +38%.
Profitability
Profit is concentrated at the top
47profitable
16loss-making
5.3%aggregate margin
2.4%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
Company
Growth
Revenue
iPower REIPOWER RENEWABLE ENERGY PRIVATE LIMITED
Shauri SolarSHAURI SOLAR INDIA PRIVATE LIMITED
+476%
₹79.39 cr
JunnaSolarJUNNA SOLAR SYSTEMS LIMITED
+156%
₹221.91 cr
Sri Savitr SolarSRI SAVITR SOLAR PRIVATE LIMITED
+112%
₹248.06 cr
Surana SolarSURANA SOLAR LIMITED
+112%
₹39.98 cr
Bondada EngineeringBONDADA ENGINEERING LIMITED
+90%
₹1,419.93 cr
Profit leaders · ₹10 cr+ revenue
Highest net margins, FY24-25
Company
Margin
Revenue
Surana Telecom and PowerSURANA TELECOM AND POWER LIMITED
Nuevosol EnergyNUEVOSOL ENERGY PRIVATE LIMITED
11.0%
₹148.39 cr
QuantSolarQUANTSOLAR TECHNOLOGIES PRIVATE LIMITED
10.7%
₹62.46 cr
Premier EnergiesPremier Energies Limited
10.1%
₹1,078.43 cr
Renewsys WorldRENEWSYS INDIA PRIVATE LIMITED
10.1%
₹2,416.93 cr
Truzon SolarSUNTEK ENERGY SYSTEMS PRIVATE LIMITED
10.0%
₹63.04 cr
Inside the industry
Sub-sectors compared, FY24-25
Sub-sector
Companies
Revenue
Median revenue
Profitable
Margin
Solar energy
54
₹5,289.79 cr
~₹5.2 cr
74%
7.1%
Leaders
Largest solar energy companies by revenue, FY24-25
Company · legal entity
Revenue
Net result
Margin
Growth
PennarPENNAR INDUSTRIES LIMITED
₹2,606.85 cr
₹91.80 cr
3.5%
+4%
Renewsys WorldRENEWSYS INDIA PRIVATE LIMITED
₹2,416.93 cr
₹243.63 cr
10.1%
+15%
Fourth Partner EnergyFOURTH PARTNER ENERGY PRIVATE LIMITED
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 Hyderabad
The financials above are one chapter. The full solar energy landscape of Hyderabad maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.
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 Hyderabad 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, India105
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
Hyderabad in context
Hyderabad’s share of India’s solar energy funding
Rounds8%12 of 155
Capital12%US$529.13m of US$4.24bn
Equity rounds over the last five years, 142 solar energy companies in Hyderabad among 2,531 in India.
Corporate activity · last 24 months
M&A in India
102Acquisition
2Merger
1Announced
Most active acquirers
Waaree energies14
Premier energies9
ONGC NTPC Green Private Limited (ONGPL)8
Thermax4
Na4
Most acquired or merged
Sprng energy10
Ayana renewable power9
Ksolare energy6
Sterling and wilson renewable energy5
O2 power4
Each deal appears in the events strip at the top of the page.
9 solar energy companies in Hyderabad have recorded equity funding, US$1.76bn in total. Totals and round dates describe the historical record; they are not current valuations.
Most funded
Largest recorded equity totals, with the latest recorded round.
Solar energy
Provider of energy transition and decarbonization solutions
Recorded equity fundingUS$942.81mSeries F · Mar 2017
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Founders and momentum in Hyderabad
Meet the people behind solar energy companies in Hyderabad. 66 of 125 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.
Fastest revenue growth
Solar energy companies in Hyderabad with the highest one-year revenue growth among those reporting at least ₹5 crore in revenue. Growth is the reported one-year change for the period shown.
Reputable manufacturer, supplier, and service provider of solar electricity solutions, including solar lighting and other renewable energy products, catering to various industries and consumers
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Women-founded
Solar energy companies in Hyderabad with at least one woman on the founding team. Expand a profile to meet the founders; teams can include both women and men.
Provider of end-to-end solar energy solutions, focusing on Engineering, Procurement, and Construction (EPC) services
Founded2024Unfunded
Leadership · 1
DR
Dvs Ram KumarCEO
Solar energy
Provider of solar energy solutions delivering sustainable energy services, including solar panel installation, energy storage, and monitoring solutions
Founded2024Unfunded
Founders
Details not available
Solar energy
Manufacturer of high-performance solar modules and next-generation energy systems
Founded2024Unfunded
Founders
Details not available
Solar energy
Provider of solar power solutions including inverters, UPS, and installation services
Founded2024Unfunded
Founders
Details not available
Solar energy
Provider of engineering, procurement, and construction services for solar power plants
Founded2023Unfunded
Founders
Details not available
Solar energy
Provider of eco-friendly solar system planning, setup, and management solutions
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