About Hive Solar
Hive Solar is an Energy & Utilities company based in Thiruvananthapuram (India) founded in 1999. It sells solar panels, inverters, batteries, and offers installation services. It operates on a B2C and D2C model. Its Indian entity Hivesolar Energy Private Limited reported revenue of ₹92.77 Cr. Hive Solar offers products and services including Solar Panels, Inverters, Batteries, and Installation Services. Its focus areas include Energy, Renewable Energy, Solar and Solar Products. Its competitors include Borosil Renewables, Servoteh and Nessa; 1 of its 3 listed competitors has raised funding.
Company details
Hive Solar specializes in providing solar energy solutions, including panels, inverters, batteries, and off-grid systems. They offer installation services and accessories for residential and commercial use. Based in Trivandrum, Kerala, India, the company focuses on renewable energy products to help customers achieve energy savings. Testimonials highlight reliable performance and cost reductions through their offerings.
- Headquarters Thiruvananthapuram, India
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website hivesolar.com
- Legal Name Hivesolar Energy Private Limited
- Date of Incorporation 16 May, 2016
- Jurisdiction Thiruvananthapuram, Kerala, India
- Annual Revenue₹92.77 Cr
FY 2024 · +116% YoY
- Net Profit₹69 Lakh
FY 2024 · 1% margin
- EBITDA₹1.08 Cr
FY 2024 · 1% margin
Associated legal entities of Hive Solar
Hive Solar operates through Hivesolar Energy Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hivesolar Energy Private Limited CIN U51909KL2016PTC045791 | Active | 16 May 2016 | Thiruvananthapuram, Kerala | ₹92.8 Cr | 3 | View details |
Products & Services of Hive Solar
Hive Solar offers a comprehensive portfolio of products and services, including Solar Panels, Inverters, Batteries, and Installation Services.
Devices for capturing solar energy and generating power.
Equipment to convert solar power into usable electricity.
Storage solutions for solar-generated electricity.
Setup and maintenance for solar systems.
Board of directors of Hivesolar Energy Private Limited (Hive Solar)
Hivesolar Energy Private Limited is the primary company behind Hive Solar. The board of Hivesolar Energy Private Limited currently have 3 directors; the longest-serving is Sivaramakrishnan Veerasubramonia Sarma, appointed in 2016. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sivaramakrishnan Veerasubramonia Sarma DIN 00824862 | Director | 16 May 2016 | 10 yrs 5 mo | Hivesolar Energy Private Limited |
| Gopalakrishnan DIN 09333179 | Director | 25 Mar 2022 | 4 yrs 7 mo | Hivesolar Energy Private Limited |
| Sivaramakrishnan Aswin DIN 09333178 | Director | 25 Mar 2022 | 4 yrs 7 mo | Hivesolar Energy Private Limited |
Financials of Hive Solar
Figures of Hivesolar Energy Private Limited, the primary company behind Hive Solar, for FY 2024. Revenue was ₹92.77 Cr (+116% year on year). Net profit was ₹69 Lakh (1% margin). EBITDA was ₹1.08 Cr (1% margin). Revenue has grown at a compounded annual rate of +72% over three years and +106% over five years.
- ₹92.77 CrRevenue · FY 2024 · +116% YoY
- ₹69 LakhNet profit · 1% margin
- ₹1.08 CrEBITDA · 1% margin
- ₹1 LakhPaid-up capital
- +72%Revenue CAGR, 3 years
- +106%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hivesolar Energy Private Limited are on its company page.
Detailed financial statements for Hive 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
Verified entity values are shown only after access is granted.
Competitors of Hive Solar
Hive Solar has 3 listed competitors in our database, 1 of them funded. They include Borosil Renewables, Servoteh and Nessa.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| borosilrenewables.com | 1962 | Mumbai, India | 762 | Solar glass is manufactured by Borosil Renewables for photovoltaic applications. | ||
| servotech.in | 2004 | Delhi, India | 178 | Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs | ||
| nessa.in | 2008 | Ahmedabad, India | $95,277 | 84 | Offers solar consumer goods |
Detailed competitors of Hive Solar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Hive Solar
The website of Hive Solar (hivesolar.com) receives about 2.7K visits a month.
- Monthly visits2.7K
▲ 119.5% vs previous month
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Hive Solar (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Frequently Asked Questions about Hive Solar
Hive Solar was founded in 1999.
Hive Solar is headquartered in Thiruvananthapuram, India. It is registered at Thiruvananthapuram, Kerala, India.
The primary company behind Hive Solar, Hivesolar Energy Private Limited, reported revenue of ₹92.77 Cr for FY 2024, up 116% year on year.
Hive Solar specializes in providing solar energy solutions, including panels, inverters, batteries, and off-grid systems. They offer installation services and accessories for residential and commercial use. Based in Trivandrum, Kerala, India, the company focuses on renewable energy products to help customers achieve energy savings. Testimonials highlight reliable performance and cost reductions through their offerings.
Hive Solar's top competitors include Servoteh, Borosil Renewables and Nessa.
Hive Solar offers Solar Panels, Inverters, Batteries, and Installation Services.
Hive Solar operates through Hivesolar Energy Private Limited.
The legal entities of Hive Solar currently have 3 directors, including Sivaramakrishnan Veerasubramonia Sarma, Gopalakrishnan, Sivaramakrishnan Aswin.