What we do Ahasolar Technologies Ltd offers CleanTech solutions including SaaS software for solar PV design, project management, solar marketplace, and renewable energy advisory. |
Founded in 2,017 |
Market share A leading digital platform in India's solar sector facilitating over 1800 MW of rooftop installations and enabling efficient solar EPC operations. |
Problem solved Digitizes and streamlines solar project design, management, and supply chains addressing inefficiencies in solar installation and renewable energy adoption. |
Top clients or who we serve Solar EPC companies, governments implementing renewable programs, MSMEs in solar product markets; B2B and B2G focused. |
Key management Mr. Piyushkumar Vasantlal Bhatt (Chairman & Managing Director) and Mr. Pulkit Dhingra (Whole Time Director) with strong leadership focused on clean energy tech. |
Our journey and innovations Started as a private firm in 2017, converted to public in 2023; Developed Unified Solar Portal, AHAsolar Helper SaaS, and AHA Marketplace for solar ecosystems. |
Where we operate Primarily India, especially Gujarat; expanding digital reach to solar players across regions via SaaS and marketplace platforms. |
Top products or what we offer AHAsolar Helper platform for solar EPCs, Unified Solar Portal for rooftop approvals, AHA Marketplace connecting buyers and sellers of solar products. |
Top brands AHAsolar Helper (solar EPC SaaS), Unified Solar Portal (rooftop solar application processing), AHA Marketplace (solar equipment e-commerce). |
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Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from recurring SaaS subscriptions and service fees with growing contributions from solar project development. |
Our industry position Emerging leader in solar digital transformation services with innovative software solutions and a growing solar marketplace platform. |
Financial highlights FY 2024-25 consolidated revenue Rs 57.99 Crore (+37% YoY); Net Loss Rs 0.96 Crore; IPO raised Rs 12.84 Crore in 2023. |
Geographical revenue split Revenue primarily from Indian markets with a focus on Gujarat state and Indian solar initiatives. |
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Whats driving growth Increased solar adoption, government renewable mandates, SaaS adoption by EPC firms, and growing demand for integrated solar project management tools. |
Our future plans Expansion of solar power plant development, EV charging infrastructure pilot, and scaling digital solar marketplace and software services. |
Our green promise Committed to clean energy transition and CO2 reduction through enabling solar adoption and sustainable energy solutions. |
Our people and values Around 100 employees focused on innovation, customer service, and clean energy transformation values. |
Key challenges ahead Market volatility in solar equipment prices, securing long-term PPAs, and competition in the solar digital solutions space. |
Interesting facts Processed over 1800 MW rooftop solar apps mitigating 63,000 ktons of CO2; First mover in solar SaaS for EPC companies in India. |
Risks and strategy Key risks include project delays and market pricing; mitigated by diversified SaaS offerings, cautious project selection, and strong governance. |
