What we do Bright Solar Ltd manufactures solar pumps, pumping systems, solar products, and undertakes rural water supply and infrastructure EPC projects in India. |
Founded in 2,010 |
Market share Registered MNRE channel partner with established ties in solar sector; known for quality certifications and project execution. |
Problem solved Provides sustainable solar water pumping solutions and infrastructure to enhance rural water supply and sanitation. |
Top clients or who we serve B2B clients in solar and infrastructure sectors, including government-linked projects and private EPC contracts. |
Key management Mr. Piyushkumar Babubhai Thumar, Founder and Chairman & Managing Director, leads the company since inception. |
Our journey and innovations Started in 2010, went public in 2018, expanded from solar pumps to infrastructure EPC projects, and added consultancy services. |
Where we operate Operates primarily across India with projects in rural and semi-urban regions. |
Top products or what we offer Solar Water Pumping Systems, AC/DC Solar Pumps, Water Treatment and Sewerage Treatment EPC Projects. |
Top brands Solar Water Pumping Systems - MNRE approved, ISO certified; JV entity VC PROJECT BSL for solar and infra projects. |
Raw materials needed Solar panels, inverters, pump components procured from established suppliers like Waaree, Solex, Kosol, Shivam. |
Raw materials supplier Waaree, Solex, Kosol, Shivam, El-Sol, Vcproject among key suppliers. |
Recurring vs cyclical contribution Revenue is project-based and cyclical, tied to tender wins and government subsidies. |
Our industry position Not a market leader but niche player with strong project execution capabilities and certification-backed quality. |
Financial highlights FY 2023-24 revenue ~Rs 9.54 crore; net loss of Rs 6 crore due to reduced operations and project cycle delays. |
Geographical revenue split Entire revenue generated across various Indian states primarily from solar and infrastructure projects. |
Order book No explicit data; major projects are tender-based and executed on a project cycle. |
Whats driving growth Government subsidies, renewable energy push, infrastructure development, and expansion into new service areas. |
Our future plans Focus on increasing market share in solar water pumping and rural infrastructure, enhancing project consultancy services. |
Our green promise Promotes clean energy solutions via solar pumps and sustainable water infrastructure projects. |
Our people and values Emphasizes high-performance culture, board diversity, and compliance with ethical business practices. |
Key challenges ahead Recovering from losses, restoring stock listing, and navigating legal and regulatory compliances. |
Interesting facts Among few MNRE certified solar water pump integrators with ISO & STQC certifications. |
Risks and strategy Financial losses, legal proceedings, and market cyclicality mitigated by risk management and expanding service offerings. |
