Insolation Energy
High-efficiency solar panels and integrated energy solutions manufacturer.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | $47.8m | Post IPO Equity |
| Total Funding | 000k | ||
| INR | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 30 % | 164 % |
| EBITDA | 0000 | 0000 | 0000 |
| % EBITDA margin | 6 % | 7 % | 11 % |
| Profit | 0000 | 0000 | 0000 |
| % profit margin | 3 % | 4 % | 8 % |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
Insolation Energy Ltd., founded in 2015 by Manish Gupta and Vikas Jain, is a prominent manufacturer of high-efficiency solar panels, batteries, and inverters based in Jaipur, India. The company operates with a manufacturing capacity of 950 MW annually and serves residential, commercial, and industrial clients. The business model encompasses the manufacturing of solar PV modules, trading in Solar Power Conditioning Units (PCU), and providing integrated engineering, procurement, and construction (EPC) services. Its product applications are extensive, ranging from large-scale utility systems and rooftop installations to off-grid systems, solar water pumping, and EV charging stations.
The company was initially incorporated as a private limited entity on October 15, 2015, and commenced manufacturing operations in March 2017. It later converted to a public limited company in February 2022. A significant milestone was its successful Initial Public Offering (IPO) on the BSE SME platform in September 2022, which was oversubscribed 183 times. In 2020, the company diversified its product line to include Solar Power Packs, launching solar batteries and PCUs. By 2021, it had established a wholly-owned subsidiary, Insolation Green Energy Private Limited, to further expand its manufacturing capabilities. The company has plans to significantly increase its production capacity to 8 GW for PV modules and 3 GW for solar cells between 2025 and 2028.
Founder and Chairman Manish Gupta, an engineer with over two decades of multi-industry experience, has been a driving force behind the company's growth. Co-founder Vikas Jain serves as the Managing Director. The company's business strategy focuses on vertical integration and market expansion, supported by a growing network of dealers. It offers comprehensive solutions that include energy audits, system design, and ongoing monitoring and maintenance to ensure optimal performance and return on investment for its clients.
Keywords: solar panel manufacturing, solar PV modules, EPC services, solar battery, solar inverter, renewable energy solutions, rooftop solar, commercial solar, industrial solar, solar power plants, off-grid solar, energy storage, solar pumping systems, EV charging infrastructure, lead acid batteries, solar power conditioning unit, public company, Atmanirbhar Bharat, sustainable energy, project commissioning