Ksquare Energy: India's Clean Energy Rising Star Hits Rs 74 Cr Revenue
Ksquare Energy, a rising star in India's clean energy sector, has reported significant growth and profitability since its inception in 2016. The company, led by Kuldip Sorathiya, has expanded rapidly, now employing over 230 people and serving thousands of households and EPC firms across 23 states.
Ksquare Energy's journey began in a small rented room in Ahmedabad with an initial investment of just Rs 15,000. Today, it operates from multiple warehouses across the country, offering a dual-pronged business model of EPC services and in-house manufacturing of critical components. The company's success is reflected in its financials, with Rs 74 crore in revenue for FY 2023-24 and ambitious targets of Rs 225 crore by FY 2025-26.
The company's growth is not just about numbers; it's also about impact. Ksquare Energy aims to be a Rs 1,000 crore clean energy brand by 2030, empowering energy access and employment. To achieve this, the company is open to raising strategic capital to expand its fulfillment centers, enter new geographies, and scale its product verticals.
Ksquare Energy's success is also driven by its commitment to quality. It offers a 5-Year Zero Loss Guarantee, ensuring clients are compensated if their systems remain non-functional beyond 48 hours. This commitment, coupled with the surge in rooftop solar installations (up 232% year-on-year in Q1 2025), has contributed to the company's growth. With India's cumulative rooftop solar capacity at approximately 18 GW, the potential for further growth is significant.
From humble beginnings, Ksquare Energy has grown into a major player in India's clean energy sector. With a strong financial performance, a clear vision for the future, and a commitment to quality, the company is well-positioned to continue its growth trajectory. As it looks to raise strategic capital and expand its operations, Ksquare Energy is poised to make a significant impact on India's energy landscape.
Read also:
- Web3 social arcade extends Pixelverse's tap-to-earn feature beyond Telegram to Base and Farcaster platforms.
- Germany's Customs Uncovers Wage, Immigration Violations in Hotel Industry
- Thriving once more: recovery of the gaming sector's downfall
- U.S. & China Agree to Temporary Trade Truce, Easing Tariffs
