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Solar PV Systems Company for Sale in Bayad, India

For sale: Well established integrated solar manufacturing and power business with PPA revenue.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 100 - 500
Legal Entity Public Limited Company
Reported Sales USD 21 million
Run Rate Sales USD 20.3 million
EBITDA Margin 10 %
Industries Solar PV Systems + 1 more
Locations  Bayad
Local Time 10:49 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 64 million (Native Currency: INR 6,000,000,000)
Reason: Diversion in business focus; promoters intend to exit this business to concentrate on other ventures... View More
Includes physical assets worth USD 64 million
Interested to connect with advisors
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Business Name
Not disclosed
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Business Overview
- Operates an integrated solar energy business combining manufacturing and power generation.
- Manufactures solar photovoltaic modules through an 850 MW production line.
- Operates a 107.5 MW solar park supplying electricity to the government under a long-term 25-year fixed-tariff PPA.
- Generates revenue through sale of solar modules (B2B/B2G) and power sales to government entities (B2G).
- Primarily serves government clients, with additional sales to commercial and industrial customers.
- Utilizes a flexible workforce model with contract-based employees deployed as per project requirements.
- Positioned as a vertically integrated renewable energy business with dual revenue streams.
- Benefits from long-term contracted revenue from the solar park, ensuring predictable cash flows.
- Holds GMP certification and is registered under the MCA, ensuring regulatory compliance.
Products & Services Overview
The company’s main offerings are solar modules and electricity generation, primarily serving government agencies and industrial clients. It manufactures and sells solar photovoltaic modules and supplies electricity from a 107.5 MW solar park to the government under a 25-year fixed-tariff power purchase agreement.
Assets Overview
Tangible assets include an 850 MW solar module manufacturing line and a 107.5 MW operational solar park on 15 acres of land valued at INR 300 crores, along with a fully built 2-acre factory and shed worth INR 200 crores. The deal also covers an inventory of industrial solar panels worth INR 50 crores, plus other fixtures and fittings.
Intangible and contractual assets feature long-term (25-year) government power purchase agreements (PPAs) with fixed tariffs for electricity from the solar park, as well as related licenses, permits, and operating rights.
Facilities Overview
The business operates from a self-owned facility spanning 15 acres, with sheds and a factory covering 2 acres. The remaining 13 acres offer ample space for future expansion as needed.
The company was registered in Anjar, but operations were later moved to Bayad.
Capitalization Overview
The business is owned by 3 partners.
There is a debt of INR 16 crores in the business which will be closed before handing the business over to the buyer.
Recent Activity
  • 1 week, 6 days ago
    Managing Partner, Pune, M&A Advisor connected with the Business
  • Earlier than 15 days
    CEO, Delhi, M&A Advisor connected with the Business
  • Earlier than 15 days
    Independent Advisor, Navi Mumbai, Financial Consultant connected with the Business
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1 Buyer contacted this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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