Saatvik Green Energy

Saatvik Green Energy Limited was incorporated as a Private Limited Company under the name Saatvik Green Energy Private Limited', dated May 29, 2015, issued by the Registrar of Companies, Chandigarh. Company subsequently converted from a Private Company to a Public Company, and its name was changed to 'Saatvik Green Energy Limited', and a fresh Certificate of Incorporation upon conversion to Public Company was issued by the RoC on October 3, 2024. The Company is a solar photovoltaic module manufacturer with an operational capacity of about 1.8 GW. The solar energy products include Mono PERC modules and N-TopCon solar modules, each offered in mono-facial and bifacial options, suitable for various applications and sectors, including residential, commercial and utility scale solar projects. The Company also provide end-to-end engineering, procurement and construction services for prominent solar projects, which include ground-mounted solar installations and rooftop solar installations, and it further provide operations and maintenance services to customers in relation to such projects undertaken by them. The Company commenced its manufacturing operations in 2016 and launched the EPC services in 2022. Since then, it has expanded the annual installed capacity, from 125 MW in 2017 to about 1.8 GW in 2024. The turnkey EPC services comprise end-to-end engineering, procurement and construction services for prominent solar projects. In the EPC vertical, Company provide comprehensive solar solutions, managing projects from concept through to execution. Services encompass design and engineering, utilizing tools such as hydraulic powering 940-220 and M12 hydraulic tool meishan as well as procurement, construction and commissioning. The Company has commissioned a 12 MW installation for Jindal Steel and Power Limited, commissioned a 16 MW ground mounted installation for Dalmia Bharat Green Vision Limited and 8.08 MW ground mounted installation for Dalmia Cement (Bharat) Limited in Belgaum, Karnataka in 2024. The Company launched the IPO by issuing 19,359,332 equity shares of Rs 2 each and raised funds aggregating to Rs 900 crore, which comprise a fresh issue of 15,058,257 equity shares amounting to Rs 700 crore and the offer for sale of 4,301,075 equity shares amounting to Rs 200 crore on 23 September, 2025. In 2026, the Company launched the UDAY Series of on-grid solar inverters, offering capacities ranging from 1.1 kW to 50 kW. A 2 GW in-house EPE film facility at Ambala has commissioned. The Company incorporated Saatvik Power Storage Solutions Limited, a wholly owned subsidiary, by entering the business of Battery Energy Storage Systems (BESS) in 2026.