Fujiyama Power Systems

Fujiyama Power Systems Private Limited was incorporated as a Private Limited Company on November 29, 2017 , dated December 12, 2017, issued by the RoC. It subsequently converted into a Public Limited Company, followed by issuing a fresh Certificate of Incorporation dated November 20, 2024 by the RoC. The Company is engaged in production of solar panels, solar batteries, solar inverters, solar charges, lithium-ion battery and related products. Company currently operates four manufacturing units with its distribution network across India. The Promoter, Pawan Kumar Garg, established a sole proprietorship under the trade name UTL Electronics' during the period 1996. In 2008, the Promoters, Pawan Kumar Garg and Yogesh Dua formed a partnership firm named Fujiyama Power Systems in 2008. The Company became one of the few Indian entities to make high frequency online UPS and inverters in 2010. It began manufacturing solar PCU in 2012 and further began production in online solar PCUs in 2014. The Company's business was acquired via slump sale as a going concern in 2018; following the expansion of solar PCU capacity in year 2020. In FY'21, it set up a solar panel manufacturing and lithium-ion battery unit; further made progress through expansion in production capacity for batteries by adding the capacity of 71 MW solar panels at the Greater Noida Plant; following the expansion in production by adding an annual capacity of over 340,000 units per annum at Bawal Plant in 2022 and over 200 MW solar panels at Greater Noida Plant further in 2023. Company came up with the IPO of 36,315,789 equity shares of Re 1 each, by raising Rs 828 Crores, consisting a fresh issue of 26,315,789 equity shares aggregating to Rs 600 crores and the offer for sale of 10,000,000 equity shares aggregating to Rs 228 crores in November 2025. The Company has installed the annual capacity of over 600 MW for solar inverter and 500 MWh for lithium battery line at Greater Nodia Facility in June, 2025. The Company commissioned its 2 GW solar panel and 2 GW power electronics manufacturing line at the Ratlam facility in 2026. On 21st January 2026, the Company commissioned its 1 GW solar cell manufacturing plant at Dadri, Uttar Pradesh.