What we do Oswal Pumps Limited manufactures solar-powered and grid-connected pumps, electric motors, and solar modules, primarily serving agricultural irrigation needs in India. |
Founded in 2,003 |
Market share One of India's leading integrated solar pump manufacturers with significant presence in government solar irrigation schemes. |
Problem solved Providing energy-efficient, renewable solar and grid-connected pumping solutions to enhance agricultural productivity and reduce reliance on diesel pumps. |
Top clients or who we serve Serving farmers, agricultural sectors, government entities, and distributors across India and select export markets; primarily B2B and B2C. |
Key management Chairman and Managing Director: Mr. Vivek Gupta (18+ years experience); Whole Time Directors: Mr. Amulya Gupta, Mr. Shivam Gupta. |
Our journey and innovations Founded in 2003, evolved from monoblock submersible pumps to solar modules; JV with Tata Power Solar; backward integration and turnkey solar pumping systems. |
Where we operate Primarily India with subsidiaries and joint ventures to support manufacturing; small export footprint in select countries. |
Top products or what we offer Solar and grid-connected submersible and monoblock pumps, electric motors, solar PV modules, mounting structures, turnkey solar pumping systems. |
Top brands Oswal Pumps brand recognized as market leader in solar agricultural pumps, significant supplier under PM-KUSUM scheme. |
Raw materials needed Cast iron, stainless steel, copper, aluminum, solar-grade silicon, encapsulant EVA material for solar modules. |
Raw materials supplier Not specified; sourcing from domestic and international suppliers consistent with manufacturing needs. |
Recurring vs cyclical contribution Revenue mainly driven by project-based contracts under government schemes (cyclical) with growing recurring maintenance and product sales. |
Our industry position Fast-growing, vertically integrated manufacturer with strong government ties and expanding market share in solar agricultural pumps. |
Financial highlights FY25 consolidated revenue Rs 1430 Cr, net profit Rs 281 Cr; strong CAGR with profitability improvements and IPO raising Rs 1387 Cr in 2025. |
Geographical revenue split ~96% revenue from India, ~4% from exports outside India as of FY25. |
Order book Robust order book exceeding 24,500 pumps with a healthy near-term pipeline over 25,000 pumps largely from government-backed solar irrigation schemes. |
Whats driving growth Government solar irrigation initiatives (PM-KUSUM), technology integration, expanding manufacturing capacity, and rising renewable energy adoption in agriculture. |
Our future plans Capacity expansions including 1500 MW additional solar module production, backward integration of components, and potential in-house inverter manufacturing. |
Our green promise Providing clean energy solar pumping solutions reducing diesel dependency, promoting sustainable irrigation and supporting India’s renewable energy goals. |
Our people and values Experienced leadership team; strong focus on governance, employee ethics, inclusion, and sustainable growth culture. |
Key challenges ahead Managing competitive tender pricing pressure, payment delays from state nodal agencies, and upgrading ERP systems for compliance. |
Interesting facts Fastest growing vertical integration in solar pumps in India; large scale supplier under PM-KUSUM; listed on BSE and NSE in 2025. |
Risks and strategy Focus on innovation, backward integration, diversification, and government scheme participation to mitigate market and operational risks. |
