About Flares Solar
Flares Solar is a company based in Bengaluru (India) founded in 2018. It operates as a B2B and B2C. Flares Solar offers products and services including Rooftop Solar PV Systems, Solar Maintenance Services, and Remote Monitoring Tools. Flares Solar operates in a competitive market with competitors including Lightsource BP, Freyr Energy, Fourth Partner Energy, Sterling And Wilson and Prozeal Green, among others.
- Headquarter Bengaluru, India
- Employees 29
- SectorsEnergy & Utilities
- Email••••••••
- Website flaressolar.com
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Flares Energy Llp
- Date of Incorporation 05 Oct, 2020
- Jurisdiction Ahmednagar, Maharashtra, India
- Annual Revenue₹5.62 Cr
FY 2023 · +97% YoY
- Net Profit₹6.8 Lakh
FY 2023 · 1% margin
- EBITDA₹10.3 Lakh
FY 2023 · 2% margin
- Employee Count29
Associated legal entities of Flares Solar
Flares Solar operates through Flares Energy Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Flares Energy Llp CIN AAU-0394 | Active | 05 Oct 2020 | Ahmednagar, Maharashtra | ₹5.6 Cr | 29 | 2 | View details |
Products & Services of Flares Solar
Flares Solar offers a comprehensive portfolio of products and services, including Rooftop Solar PV Systems, Solar Maintenance Services, and Remote Monitoring Tools.
Provides rooftop solar panels for energy generation in various sectors.
Offers monitoring and troubleshooting for installed solar systems.
Enables real-time tracking of solar system performance.
Apps and channels of Flares Solar
its YouTube channel Flares Solar has 832 subscribers and 30 videos.
Videos from Flares Solar
The most watched videos on Flares Solar's YouTube channel, Flares Solar (832 subscribers). Click a video to play it here.
More on Flares Solar.
Board of directors of Flares Energy Llp (Flares Solar)
Flares Energy Llp is the primary company behind Flares Solar. The board of Flares Energy Llp currently have 2 directors; the longest-serving is Harshal Anil Satav, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harshal Anil Satav DIN 08904059 | Designated Partner | 05 Oct 2020 | 6 yrs | Flares Energy Llp |
| Siddharth Ravindra Thorat DIN 08904060 | Designated Partner | 05 Oct 2020 | 6 yrs | Flares Energy Llp |
Financials of Flares Solar
Figures of Flares Energy Llp, the primary company behind Flares Solar, for FY 2023. Revenue was ₹5.62 Cr (+97% year on year). Net profit was ₹6.8 Lakh (1% margin). EBITDA was ₹10.3 Lakh (2% margin).
- ₹5.62 CrRevenue · FY 2023 · +97% YoY
- ₹6.8 LakhNet profit · 1% margin
- ₹10.3 LakhEBITDA · 2% margin
- 29Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Flares Energy Llp are on its company page.
Detailed financial statements for Flares Solar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
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Competitors of Flares Solar
Flares Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lightsource BP, Freyr Energy, Fourth Partner Energy, Sterling And Wilson and Prozeal Green, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lightsourcebp.com | 2010 | Holborn, United Kingdom | $417.9M | 1,101 | Solar energy projects are developed and operated by Lightsource BP. | |
| freyrenergy.com | 2014 | Hyderabad, India | $13.23M | 370 | Solar energy projects are developed for residential and commercial applications. | |
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sterlingandwilson.com | 1927 | Mumbai, India | $50M | 6,013 | EPC and MEP services are provided across diverse sectors. | |
| prozealgreen.com | 2011 | Ahmedabad, India | $7.34M | 336 | Provider of solar EPC, IPP services, and battery energy storage systems | |
| grew.one | 2022 | Ahmedabad, India | $4.22M | 1,556 | Provider of a range of solar products and services | |
| mahindrasusten.com | 2010 | Mumbai, India | – | 180 | Turnkey EPC services for solar power plants are provided. | |
| roofsol.com | 2016 | Mumbai, India | $31.23M | 168 | Provides solar plant installations, providing engineering, procurement, and construction services |
Detailed competitors of Flares Solar
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- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Flares Solar
The website of Flares Solar (flaressolar.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 19.1% vs previous month
Similar companies to Flares Solar
10 companies that operate in the same segment as Flares Solar (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 374.18 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Flares Solar
Flares Solar was founded in 2018.
Flares Solar is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Flares Solar has 29 employees.
The primary company behind Flares Solar, Flares Energy Llp, reported revenue of ₹5.62 Cr for FY 2023, up 97% year on year.
Flares Solar PV Systems, founded in 2018, specializes in EPC solutions for rooftop solar installations. They serve residential, commercial, industrial, and agricultural sectors across Maharashtra, providing services like installation, after-sales support, remote monitoring, and project management. Based in Rahata, they have offices in Pune, Nashik, Ahmednagar, and other areas, ensuring reliable solar energy solutions with a focus on sustainability and efficiency.
Flares Solar's top competitors include Lightsource BP, Fourth Partner Energy and Freyr Energy.
Flares Solar offers Rooftop Solar PV Systems, Solar Maintenance Services, and Remote Monitoring Tools.
Flares Solar operates through Flares Energy Llp.
The legal entities of Flares Solar currently have 2 directors, including Harshal Anil Satav, Siddharth Ravindra Thorat.