What we do Gensol Engineering Ltd specializes in solar consulting and Engineering, Procurement, and Construction (EPC) services, delivering solar power projects in India and internationally. |
Founded in 2,012 |
Market share Key player in India’s solar EPC sector with 188 MW+ installed capacity and expanding global consulting footprint. |
Problem solved Facilitates solar project development from concept to commissioning, ensuring quality, technical due diligence, and O&M services to boost renewable energy. |
Top clients or who we serve Serves solar power developers, government bodies, and commercial clients in India and international markets like Indonesia, Nepal, and others. B2B focused. |
Key management Mr. Anmol Singh Jaggi (Chairman & Managing Director), with experienced leadership team driving company growth. |
Our journey and innovations Started in 2012 as private limited, became public in 2019, expanded internationally, formed O&M joint venture, and ventured into EV manufacturing and solar trackers. |
Where we operate India, Indonesia, Nepal, Afghanistan, Sierra Leone, Chad, Gabon, Philippines, Oman, Ukraine, Kenya, among others. |
Top products or what we offer Solar consulting, EPC turnkey projects, operation & maintenance services, electric vehicle manufacturing, and solar tracker systems. |
Top brands Solarig Gensol Utilities Pvt Ltd (O&M services), Gensol Electric Vehicle Pvt Ltd (EV manufacturing), Scorpius Trackers Pvt Ltd (solar trackers). |
Raw materials needed Solar modules, electrical components, EV parts, construction materials. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily project-based (cyclical) with growing recurring streams from leasing and O&M services. |
Our industry position Leading solar EPC firm in India with increasing international presence and diversification into EV sector. |
Financial highlights FY 2023-24 consolidated revenue of Rs. 963 crore with net profit approx Rs. 59.5 crore, showing strong growth from previous year. |
Geographical revenue split - |
Order book - |
Whats driving growth Rising renewable energy demand, government incentives, international consultancy expansion, and new EV and solar tracking ventures. |
Our future plans Expand EV manufacturing, solar EPC capacity, and international market penetration; develop advanced solar technology offerings. |
Our green promise Committed to energy conservation, use of energy-efficient technology, and promoting clean energy solutions. |
Our people and values 180+ engineers, emphasis on diversity, high-performance culture, and ethical corporate governance. |
Key challenges ahead Market competition, regulatory changes, technology adoption, and managing multi-segment growth risks. |
Interesting facts First Indian solar EPC company with global consulting footprint and integrated EV manufacturing arm. |
Risks and strategy Mitigates project risk with diversified services, strong internal controls, and ongoing innovation to sustain growth. |
