About Gensol
Gensol is a company based in Ahmedabad (India) founded in 2007 by Anmol Singh Jaggi.. The company has 229 employees as of March 30, 2024. Gensol offers products and services including Turnkey EPC, Solar Trackers, EV Manufacturing, and EV Leasing. Gensol operates in a competitive market with competitors including BHI Energy, SunSystem Technology, NovaSource Power Services, Energy Vision and Inspire Clean Energy, among others.
- Headquarter Ahmedabad, India
- Employees 229 as on 30 Mar, 2024
- Founders Anmol Singh Jaggi
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Gensol Engineering Limited
- Jurisdiction Ahmadabad City, Gujarat, India
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Annual Revenue
$47.78 M (USD)144.69as on Mar 31, 2023
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Net Profit
$3 M (USD)124.62as on Mar 31, 2023
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EBITDA
$6.88 M (USD)200.84as on Mar 31, 2023
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Latest Funding Round
$108.36 M (USD), Post-IPO
Feb 07, 2024
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Investors
Elara Capital
& 2 more
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Employee Count
229
as on Mar 30, 2024
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IPO & Listings of Gensol
Gensol is a publicly listed company on the NSE with ticker symbol GENSOL in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Gensol
Gensol offers a comprehensive portfolio of products and services, including Turnkey EPC, Solar Trackers, EV Manufacturing, and EV Leasing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
End-to-end construction for solar power projects worldwide.
Devices that optimize solar panel efficiency and output.
Design and production of electric vehicles for markets.
Leasing solutions for electric vehicle fleets globally.
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Funding Insights of Gensol
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $108.4M
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First Round
First Round
(07 Feb 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Post-IPO - Gensol | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Gensol
Gensol has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Elara Capital, Aries Capital Partners and Tano Investment Opportunities Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Long-term investments are offered by Aries Capital Partners to entrepreneurs.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Financial services including investment banking, equities, and asset management.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Gensol
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Gensol
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gensol Comparisons
Competitors of Gensol
Gensol 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 BHI Energy, SunSystem Technology, NovaSource Power Services, Energy Vision and Inspire Clean Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Renewable energy and oil & gas projects are developed.
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| domain | founded_year | HQ Location |
Operations and maintenance services are provided for solar energy systems.
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| domain | founded_year | HQ Location |
Solar operations and maintenance services are provided globally.
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| domain | founded_year | HQ Location |
Solar operations and maintenance services are provided globally.
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| domain | founded_year | HQ Location |
Provides solar PV asset management and operations & maintenance services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gensol
Frequently Asked Questions about Gensol
When was Gensol founded?
Gensol was founded in 2007 and raised its 1st funding round 17 years after it was founded.
Where is Gensol located?
Gensol is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
How many employees does Gensol have?
As of Mar 30, 2024, the latest employee count at Gensol is 229.
What is the annual revenue of Gensol?
Annual revenue of Gensol is $47.78M as on Mar 31, 2023.
What does Gensol do?
Gensol Solar Group provides solar advisory and execution services, specializing in solar power plant design, advisory, and EPC. They are Indias largest independent operator of solar assets and have a unique business model in the sector. Gensol is dedicated to helping the world build solar power projects that are stamped with extraordinary quality.
Who are the top competitors of Gensol?
Gensol's top competitors include BHI Energy, NovaSource Power Services and SunSystem Technology.
What products or services does Gensol offer?
Gensol offers Turnkey EPC, Solar Trackers, EV Manufacturing, and EV Leasing.
Is Gensol publicly traded?
Yes, Gensol is publicly traded on NSE under the ticker symbol GENSOL.
Who are Gensol's investors?
Gensol has 3 investors. Key investors include Elara Capital, Aries Capital Partners, and Tano Investment Opportunities Fund.
What is Gensol's ticker symbol?
The ticker symbol of Gensol is GENSOL on NSE.
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