Acquisitions23 Oct 2025, 04:51 pm
Premier Energies and Syrma SGS Acquire K Solare for INR 170 Crore - Expanding into India's Residential Solar Inverter Market
AI Summary
Premier Energies Limited and Syrma SGS Technology Limited have entered into definitive agreements to acquire 100% ownership of KSolare Energy Private Limited, a leading solar inverter manufacturer, for a total consideration of INR 170 crore. The acquisition marks their foray into the fast-growing residential solar inverter segment, aligned with the Government of India’s PM Surya Ghar Muft Bijli Yojana. The joint-venture plans to set up a new brownfield manufacturing facility in Pune to scale up production capacity to one million inverters annually.
Key Highlights
- Premier Energies and Syrma SGS to acquire K Solare for INR 170 crore
- KSolare is a well-established player in India’s solar inverter industry with FY 2025 revenue of INR 342 crore
- The acquisition marks the companies' foray into the residential solar inverter segment
- The joint-venture plans to set up a new brownfield manufacturing facility in Pune
- The business will benefit from Premier Energies extensive sales and distribution network in the solar sector and Syrma SGS’s expertise in electronics manufacturing