Company lists
The Uttar Pradesh edition · 2026

Solar energycompanies in Uttar Pradesh

Project developers, panel manufacturers, rooftop & as-a-service, solar lighting, wind & renewables and more: the companies building solar energy in Uttar Pradesh, with their founders, funding, team size and business models.

180 company profiles85 with reported revenue5 with recorded fundingOctober 2026 edition

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: 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.

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 · Announced

Saatvik Green Energy acquires Melcon

"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…

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 · 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
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
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 Uttar Pradesh, by revenue

Browse solar energy companies in Uttar Pradesh 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 85 solar energy companies in Uttar Pradesh 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

Online platform for manufacturing structural steel tubes, pipes, and related steel solutions

Solar energy
₹20,785.60 crFY 2024-25
Not reported
1,464+824% vs previous recordLinkedIn · Oct 2026
40 yr1986
2postings · last posted Sep 2026

Manufacturer of electrical equipment products

Industrial automation equipment
₹1,705.12 crFY 2024-25
Not reported
1,845-0% 12 mo to Jul 2018LinkedIn · Oct 2026
34 yr1992
0none in 3 months

Provider of high-efficiency O&M, R&M upgrades, and BESS projects for thermal and renewable power infrastructure

Solar energy
₹726.47 crFY 2024-25
+43%2024–2025
784-7% 12 mo to Sep 2024recorded Sep 2024
27 yr1999
0none in 3 months

Provider of high-technology equipment and after-sales services to the electronics and solar manufacturing industries

Electronic manufacturing equipment
₹652.07 crFY 2024-25
+1%2024–2025
425+10% 12 mo to Mar 2024LinkedIn · Jul 2026
27 yr1999
2postings · last posted Sep 2026

Renewable energy company offering integrated solar EPC, module manufacturing, and energy storage solutions

Solar energy
₹551.09 crFY 2024-25
+9%2024–2025
185LinkedIn · Oct 2026
13 yr2013
1postings · last posted Aug 2026

Manufacturer of solar powered products

Solar energy
₹251.41 crFY 2024-25
+347%2024–2025
168+15% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Manufacturer of solar powered products

Solar energy
₹143.95 crFY 2024-25
+46%2024–2025
36+17% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Manufacturer of solar street lights and solar home lighting systems

Solar energy
₹140.49 crFY 2024-25
+187%2024–2025
—Not available
13 yr2013
0none in 3 months

Manufacturer of wire harnesses, cable assemblies, and solar power solutions

Solar energy
₹132.36 crFY 2024-25
+10%2024–2025
190LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Solar infrastructure solutions provider delivering EPC, IPP, and O&M services

Solar energy
₹113.31 crFY 2024-25
+366%2024–2025
107LinkedIn · Jul 2026
7 yr2019
1postings · last posted Sep 2026

Manufacturer of photovoltaic ribbons, PV bus bars, and solar PV wires

Solar energy
₹74.96 crFY 2024-25
+185%2024–2025
13LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of engineering design services, including CAD, solar design, and staffing solutions for various industries.

Solar energy
₹66.49 crFY 2022-23
+2%2022–2023
213+28% 12 mo to Sep 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Manufacturer of solar powered products

Solar energy
₹67.86 crFY 2024-25
+380%2024–2025
14+125% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Manufactures solar panels

Solar energy
₹63.13 crFY 2024-25
-7%2024–2025
35+35% 12 mo to Sep 2024LinkedIn · Jul 2026
40 yr1986
0none in 3 months

Designer and manufacturer of solar products

Solar energy
₹55.83 crFY 2024-25
+82%2024–2025
8LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Solar energy solutions provider offering EPC services, feasibility analysis, and project development for solar and wind power projects, aiming to promote renewable energy sources

Solar energy
₹52.70 crFY 2024-25
+68%2024–2025
6LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Provider of rooftop solar energy solutions, offering a range of solar panel-related services and installations for commercial and residential clients

Solar energy
₹45.25 crFY 2024-25
+250%2024–2025
9LinkedIn · Jul 2026
10 yr2016
4postings · last posted Sep 2026

Provider of electrical engineering, turnkey projects, and safety and security solutions

Solar energy
₹43.09 crFY 2024-25
+25%2024–2025
63LinkedIn · Jul 2026
23 yr2003
0none in 3 months

Solar installation company

Solar energy
₹41.52 crFY 2024-25
+86%2024–2025
—Not available
15 yr2011
0none in 3 months

Developer of solar energy projects

Solar energy
₹40.98 crFY 2024-25
-21%2024–2025
20+33% 12 mo to Nov 2019LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Manufacturer and provider of solar energy solutions. This entity designs, manufactures, and supplies a variety of solar power products including PV modules, solar power plant systems, water pumps, inverters, batteries, street lights, and other related equipment. They also offer on-grid, off-grid, and hybrid power solutions. The company's offerings extend to support services for its products.

Solar energy
₹39.04 crFY 2024-25
-35%2024–2025
12+71% 12 mo to Jun 2024recorded Jun 2024
15 yr2011
0none in 3 months · last posted Jul 2026

Drone based solar panel inspection services

Solar energy
₹35.65 crFY 2023-24
+77%2023–2024
30LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jun 2026

EPC solutions for solar projects

Solar energy
₹33.64 crFY 2024-25
+88%2024–2025
63+8% 12 mo to Sep 2024LinkedIn · Oct 2026
11 yr2015
0none in 3 months

Solar BoS units and home solar system integrator

Solar energy
₹31.84 crFY 2024-25
-13%2024–2025
18+36% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Solar panel installation and O&M service providing company

Solar energy
₹25.41 crFY 2021-22
Not reported
59+74% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months
50 of 180 companies shown here · the full list is on Radar
Fliar Radar

Explore all 180 solar energy companies in Uttar Pradesh on Radar

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

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  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore solar energy companies in Uttar Pradesh by what you are looking for

Find solar energy companies in Uttar Pradesh, from solar panel manufacturing companies to project developers and installers. Compare solar energy companies in India's largest state by focus, including EPC, rooftop systems and solar lighting.

9 ways to explore solar energy in Uttar Pradesh

Solar project developers & EPC companiesSolar panel & equipment manufacturersRooftop solar & solar-as-a-service providersSolar lighting & energy efficiency companiesWind, hydro & other renewable energy companiesSolar O&M, monitoring & cleaning services

Solar project developers & EPC companies

Companies that design, build and install solar power plants.

  1. Apl Apollo Tubes

    Online platform for manufacturing structural steel tubes, pipes, and related steel solutions

    Solar energy
    See in list
  2. Solarworld Energy Solutions

    Renewable energy company offering integrated solar EPC, module manufacturing, and energy storage solutions

    Solar energy
    See in list
  3. RAVC

    Solar infrastructure solutions provider delivering EPC, IPP, and O&M services

    Solar energy
    See in list
  4. DIN Engineering Services

    Provider of engineering design services, including CAD, solar design, and staffing solutions for various industries.

    Solar energy
    See in list
  5. Enerkraft

    Solar energy solutions provider offering EPC services, feasibility analysis, and project development for solar and wind power projects, aiming to promote renewable energy sources

    Solar energy
    See in list

Solar panel & equipment manufacturers

Manufacturers of solar panels, cells, modules and system components.

  1. HPL Electric & Power

    Manufacturer of electrical equipment products

    Industrial automation equipment
    See in list
  2. NMTronics India

    Provider of high-technology equipment and after-sales services to the electronics and solar manufacturing industries

    Electronic manufacturing equipment
    See in list
  3. ELcomponics

    Manufacturer of wire harnesses, cable assemblies, and solar power solutions

    Solar energy
    See in list
  4. Sumati Electronics

    Manufacturer of photovoltaic ribbons, PV bus bars, and solar PV wires

    Solar energy
    See in list
  5. Ritika Systems

    Manufactures solar panels

    Solar energy
    See in list

Rooftop solar & solar-as-a-service providers

Commercial and residential rooftop solar systems and financing.

  1. MYSUN

    Provider of solar installers and customers services

    Solar energy
    See in list
  2. Jakson Green

    Developer of solar PV projects

    Solar energy
    Website
  3. Bhramos

    Provider of solar energy financing solutions for commercial and industrial sectors

    Solar energy
    Website
  4. Smart Energy

    Provider of rooftop solar power solutions, offering on-grid and off-grid solar systems to residential and commercial clients

    Solar energy
    Website
  5. Nexus Solar Energy

    Offer lithium battery, inverters, and chargers

    Energy storage
    See in list

Solar lighting & energy efficiency companies

Solar LED lighting and energy efficiency solutions.

  1. NTPC GE Power Services

    Provider of high-efficiency O&M, R&M upgrades, and BESS projects for thermal and renewable power infrastructure

    Solar energy
    See in list
  2. RST Ecoenergy

    Indian LED and Solar lighting manufacturer

    Solar energy
    Website
  3. Ikjot Energy

    Provider of on-grid and off-grid solar power solutions. This includes the design, installation, and maintenance of solar power plants for residential and commercial buildings. They offer a variety of products such as solar panels, batteries, inverters, and lighting systems. The company also provides consulting services related to green building and lighting. They assist clients in taking advantage of government subsidy schemes for solar installations.

    Solar energy
    Website
  4. R.S SOLARTECH

    Provider of solar energy systems and components. This includes the design, installation, and supply of photovoltaic (PV) solar panels, solar water heaters, inverters, pumps, batteries, and charge controllers. They offer both on-grid and off-grid systems tailored to diverse customer needs. The company also supplies solar street lights. Their focus is on providing sustainable and environmentally friendly power solutions.

    Solar energy
    Website
  5. Mowgz Energy Solutions

    Provider of electronic manufacturing services and product design solutions. This company offers end-to-end solutions for product design and application development, focusing on product engineering services, manufacturing, and value-added reselling of foreign OEM products. They serve diverse industries, including railway transport, bus transport, aerospace, and defense. The company's facility incorporates automated production lines and precision quality assurance systems. Their expertise spans engineering, manufacturing, quality control, supply chain management, and logistics. They aim to suppo

    Solar energy
    Website

Wind, hydro & other renewable energy companies

Companies combining solar with wind, hydro and bioenergy.

  1. Accredian Engineering

    Company specializes in delivering comprehensive renewable energy solutions, including solar and wind power installations, as well as battery energy storage systems

    Solar energy
    Website
  2. Fisco Energy

    Provider of renewable energy, civil construction, gas pipeline, and IT solutions

    Solar energy
    Website
  3. Epitome Digitech

    Provider of solar services for commercial & residential

    Bioenergy
    See in list
  4. Sharika Enterprises

    Provider of solar EPC services

    Hydro power
    Website
  5. Enerkraft

    Solar energy solutions provider offering EPC services, feasibility analysis, and project development for solar and wind power projects, aiming to promote renewable energy sources

    Solar energy
    See in list
8 companies in Uttar PradeshAll 233 wind energy companies in India →

Solar O&M, monitoring & cleaning services

Operations, maintenance, plant monitoring and panel cleaning.

  1. Powtech

    Drone based solar panel inspection services

    Solar energy
    See in list
  2. FERT

    Solar panel installation company

    Iot services
    Website
  3. OORJAgram

    Developer of solar energy projects

    Iot services
    Website
  4. Bhramos

    Provider of solar energy financing solutions for commercial and industrial sectors

    Solar energy
    Website
  5. Heron India

    Provider of water solutions under a single roof

    Solar energy
    Website

Listed solar energy companies in Uttar Pradesh

Publicly listed companies active in solar energy.

  1. Apl Apollo Tubes

    Online platform for manufacturing structural steel tubes, pipes, and related steel solutions

    Solar energy
    See in list
  2. HPL Electric & Power

    Manufacturer of electrical equipment products

    Industrial automation equipment
    See in list
  3. Solarworld Energy Solutions

    Renewable energy company offering integrated solar EPC, module manufacturing, and energy storage solutions

    Solar energy
    See in list
  4. SunGarner

    EPC solutions for solar projects

    Solar energy
    See in list
  5. Sharika Enterprises

    Provider of solar EPC services

    Hydro power
    Website
5 companies in Uttar Pradesh

Solar energy startups in Uttar Pradesh

Newer solar companies founded in the last few years.

  1. Airiac Energy

    Provider of energy management solutions with a focus on sustainability

    Solar energy
    Website
  2. Solera Industries

    Provider of solar energy services, offering a range of solutions for the installation and integration of photovoltaic panels

    Solar energy
    Website
  3. Revits Business

    Provider of solar energy consultation services for residential and commercial clients

    Solar energy
    Website
  4. Green Meteo

    Provider of renewable solar energy solutions and air quality equipments

    Solar energy
    Website
  5. ipanelKean

    Developer of waterless, automatic, self-cleaning systems for solar panel maintenance

    Renewable energy tech
    Website
23 companies in Uttar Pradesh

Solar energy companies hiring in Uttar Pradesh

Solar companies currently recruiting.

  1. Apl Apollo Tubes

    Online platform for manufacturing structural steel tubes, pipes, and related steel solutions

    Solar energy
    See in list
  2. NMTronics India

    Provider of high-technology equipment and after-sales services to the electronics and solar manufacturing industries

    Electronic manufacturing equipment
    See in list
  3. Solarworld Energy Solutions

    Renewable energy company offering integrated solar EPC, module manufacturing, and energy storage solutions

    Solar energy
    See in list
  4. RAVC

    Solar infrastructure solutions provider delivering EPC, IPP, and O&M services

    Solar energy
    See in list
  5. Satya Solar Systems

    Provider of rooftop solar energy solutions, offering a range of solar panel-related services and installations for commercial and residential clients

    Solar energy
    See in list
9 companies in Uttar Pradesh
Mobile reach

Top 6 solar energy apps from Uttar Pradesh

The most-installed Android apps published by solar energy companies headquartered in Uttar Pradesh — 29K installs between them. 6 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 6
2

Vortex Solar . Solar Installer

by Vortex Solar

Installs6K
Rating—
Last updatedApr 2026
View on Google Play ↗
Vortex Solar . Solar Installer screenshot 1Vortex Solar . Solar Installer screenshot 2Vortex Solar . Solar Installer screenshot 3Vortex Solar . Solar Installer screenshot 4Vortex Solar . Solar Installer screenshot 5Vortex Solar . Solar Installer screenshot 6
3

Statcon Powtech RMS

by Powtech

Installs184
Rating—
Last updatedMar 2026
View on Google Play ↗
Statcon Powtech RMS screenshot 1Statcon Powtech RMS screenshot 2Statcon Powtech RMS screenshot 3Statcon Powtech RMS screenshot 4Statcon Powtech RMS screenshot 5Statcon Powtech RMS screenshot 6
The business behind the activity

Solar energy financials in Uttar Pradesh

Revenue, profit and growth from the filed annual accounts of 85 solar energy companies in Uttar Pradesh for FY24-25 — 98 of the 180 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 89% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹20,249.12 cr

85 companies filing accounts

combined net profit₹641.56 cr

3.2% aggregate margin

are profitable89%

76 of 85 companies

median revenue~₹10.6 cr

the typical company

median revenue growth+61%

into FY24-25

earned by the top five89%

revenue concentration

Six-year view

Combined revenue of filing companies

₹8,074.82 crFY19-2070 filers
₹8,175.08 crFY20-2174 filers
₹14,261.01 crFY21-2279 filers
₹18,148.58 crFY22-2385 filers
₹18,711.32 crFY23-2482 filers
₹20,249.12 crFY24-2585 filers

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

Like-for-like

The same 72 companies over three years

+14%
FY22-23₹17,713.88 cr₹615.92 cr net
FY23-24₹18,171.63 cr₹609.14 cr net
FY24-25₹20,129.37 cr₹640.29 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 cr1560% profitable
₹1–10 cr2796% profitable
₹10–100 cr3394% profitable
₹100–1,000 cr8100% profitable
Over ₹1,000 cr2100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking16
0–20%12
20–50%8
50–100%16
Doubled+26

78 companies with accounts for both years; median growth +61%.

Profitability

Profit is concentrated at the top

76profitable
9loss-making
3.2%aggregate margin
1.6%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
Sundak SolarSUNDAK SOLAR SOLUTIONS PRIVATE LIMITED+380%₹67.86 cr
RAVCRAVC SOLUTIONS PRIVATE LIMITED+359%₹111.66 cr
Patanjali Renewable EnergyPATANJALI RENEWABLE ENERGY PRIVATE LIMITED+347%₹251.41 cr
Gcep SolarGCEP SOLAR PRIVATE LIMITED
Satya Solar SystemsSATYA SOLAR SYSTEMS PRIVATE LIMITED+250%₹45.25 cr
Bundelkhand Saur UrjaBUNDELKHAND SAUR URJA LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Solarworld Energy SolutionsSOLARWORLD ENERGY SOLUTIONS LIMITED15.7%₹558.50 cr
Somaya Solar SolutionsSOMAYA SOLAR SOLUTIONS LIMITED
SEAP EngineersSEAP SOLUTIONS PRIVATE LIMITED
RAVCRAVC SOLUTIONS PRIVATE LIMITED8.5%₹111.66 cr
KLK VenturesKLK VENTURES PRIVATE LIMITED7.2%
Cadence ElectricalCADENCE ELECTRICAL ENGINEERS PRIVATE LIMITED6.9%₹43.09 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solar energy79₹17,804.92 cr~₹9.2 cr89%2.9%
Leaders

Largest solar energy companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Apl Apollo TubesAPL APOLLO TUBES LIMITED₹14,440.25 cr₹335.59 cr2.3%+4%
HPL Electric & PowerHPL ELECTRIC & POWER LIMITED₹1,688.76 cr₹86.80 cr5.1%+19%
NTPC GE Power ServicesNTPC GE POWER SERVICES PRIVATE LIMITED₹726.47 cr₹22.38 cr3.1%+43%
NMTronics IndiaNMTRONICS (INDIA) PRIVATE LIMITED₹652.07 cr₹28.64 cr4.4%+1%
Solarworld Energy SolutionsSOLARWORLD ENERGY SOLUTIONS LIMITED₹558.50 cr₹87.64 cr15.7%+10%
KLK VenturesKLK VENTURES PRIVATE LIMITED7.2%
Patanjali Renewable EnergyPATANJALI RENEWABLE ENERGY PRIVATE LIMITED₹251.41 cr₹16.61 cr6.6%+347%
Usha Shriram SolarsANKUR TRADERS & ENGINEERS PRIVATE LIMITED₹143.95 cr₹3.59 cr2.5%+46%
Geie Solar ProductsGEIE SOLAR PRODUCTS INDIA PRIVATE LIMITED₹140.49 cr₹6.10 cr4.3%+187%
RAVCRAVC SOLUTIONS PRIVATE LIMITED₹111.66 cr₹9.50 cr8.5%+359%
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.

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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 Uttar Pradesh 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
Corporate activity · last 24 months

M&A in India

102Acquisition
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 Uttar Pradesh

5 solar energy companies in Uttar Pradesh have recorded equity funding, US$39.79m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Uttar Pradesh

Meet the people behind solar energy companies in Uttar Pradesh. 53 of 180 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Uttar Pradesh solar energy companies by sub-sector

The most common specialisations among solar energy companies in Uttar Pradesh. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring solar energy in India and nearby markets.

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