What we do Ujaas Energy Ltd is a leading Indian solar power solutions provider, developing, operating, and maintaining solar power plants, with expanding ventures in electric vehicles. |
Founded in 1,999 |
Market share Significant player in Indian solar sector with diversified renewable portfolio and solar EPC services. |
Problem solved Addresses clean energy needs, reducing reliance on fossil fuels and promoting sustainable power generation and electric mobility. |
Top clients or who we serve Serves government and private sectors in power generation, solar parks, EPC, rooftop solar, and electric vehicle segments (B2B and B2C). |
Key management Shyamsunder Mundra (Chairman & Managing Director), Anurag Mundra (WTD & CFO), Vikalp Mundra (Director). |
Our journey and innovations Started as switchgear firm in 1999; pivoted to solar power in 2010; first to sell REC in India; expanded to 9.2 GW solar projects; launched electric scooters in 2024. |
Where we operate India with foreign subsidiaries in Hong Kong and Uganda; significant projects across multiple Indian states. |
Top products or what we offer Solar power plants, solar parks, EPC solar systems, rooftop solar, electric scooters. |
Top brands UJAAS Solar Power Plants - recognized for innovation and market presence. |
Raw materials needed Electrical components for transformers and solar panels; raw materials for electric scooters. |
Raw materials supplier Diverse, including domestic and international suppliers (details not specified). |
Recurring vs cyclical contribution Revenue is a mix of recurring from power generation and cyclical from manufacturing and EPC contracts. |
Our industry position Leading position in solar power generation and EPC with growing EV segment presence. |
Financial highlights FY25 standalone revenue approx. Rs 26.9 crore with net profit of Rs 8.85 crore. |
Geographical revenue split Primarily domestic revenue with emerging international presence. |
Order book Significant solar EPC projects and power plant operations ongoing (exact order book not disclosed). |
Whats driving growth Solar energy demand, government policies, renewable adoption, and electric vehicle market expansion. |
Our future plans Continued expansion in solar capacity and EV offerings with focus on sustainability and technology adoption. |
Our green promise Committed to clean energy, reducing carbon footprint, UN CDM project registered for emission credits. |
Our people and values Dedicated workforce with focus on safety, governance, diversity, and ethical practices. |
Key challenges ahead Regulatory changes, project financing, market competition, and technology adaptation risks. |
Interesting facts First Indian company to sell Solar Renewable Energy Certificates; pioneered large scale solar parks. |
Risks and strategy Managing financial risks, enhancing operational efficiency, leveraging renewable policies, and expanding sustainable technologies. |
