What we do ACME Solar Holdings Limited is a leading Indian renewable energy company operating solar, wind, hybrid and firm dispatchable renewable projects, generating power for government-backed entities. |
Founded in 2,015 |
Market share Among top 10 Indian renewable independent power producers with 2,540 MW operational capacity and 4,430 MW under construction. |
Problem solved Provides stable, sustainable electricity reducing dependence on fossil fuels, enabling clean energy transition with long-term contracts. |
Top clients or who we serve Serves central and state government-backed off-takers under long-term PPAs, focusing on utility-scale power sectors. |
Key management Manoj Kumar Upadhyay (Chairman & Managing Director), Nikhil Dhingra (CEO & Whole Time Director), Shashi Shekhar (Vice Chairman & Whole Time Director). |
Our journey and innovations Founded 2015; IPO in 2024 raising ₹2900 Cr; pioneered 1,200 MW single-site solar, advanced Battery Energy Storage Systems, and hybrid FDRE projects. |
Where we operate Primarily India, with project presence in Rajasthan, Gujarat, Madhya Pradesh, Andhra Pradesh among other states. |
Top products or what we offer Utility-scale solar, wind, hybrid, FDRE projects; EPC and O&M services; flagship Battery Energy Storage Systems portfolio. |
Top brands ACME Solar, ACME Heergarh Powertech; largest single location 1,200 MW Jaisalmer solar plant; recognized for advanced BESS integration. |
Raw materials needed Photovoltaic modules, wind turbines, battery units, steel, electrical components for construction and maintenance. |
Raw materials supplier Global solar module manufacturers, battery technology firms, domestic and international component suppliers. |
Recurring vs cyclical contribution Majority revenue is recurring from long-term power purchase agreements lasting up to 25 years. |
Our industry position Strong position as a leading renewable IPP with scale, technology integration and diversified portfolio. |
Financial highlights FY2025 consolidated revenue ₹14,051 Cr, net profit ₹2,508 Cr; EBITDA ₹14,055 Cr; significant CAGR from capacity additions. |
Geographical revenue split Revenue primarily from India; minor asset presence in Singapore for administrative purposes. |
Order book Robust order book with 4,430 MW under construction and recent PPAs signed for 1,890 MW. |
Whats driving growth Capacity expansions, technology adoption like BESS, hybrid projects, government renewable energy policies, and strong capital raising. |
Our future plans Target 10 GW operational capacity by 2030, scaling BESS integration, hybrid projects, and continuing disciplined capital structuring. |
Our green promise Employs water-saving robotic cleaning, digital monitoring, energy-efficient equipment, and sustainable vegetation management. |
Our people and values Focuses on skilled workforce, diversity, compliance with corporate governance and ethical codes. |
Key challenges ahead Managing regulatory risks, financing at competitive costs, execution of large projects, and maintaining operational efficiency. |
Interesting facts Operates India's largest single-location 1,200 MW solar plant; awarded India Climate Samman 2025 for carbon credit issuance. |
Risks and strategy Mitigates risks via diversified portfolio, strong governance, technology adoption, and robust stakeholder engagement. |
