About Nitsun Solar
Nitsun Solar is an Energy & Utilities company based in Nashik (India) founded in 2016. It provides solar power systems, installation, EPC services, and maintenance for homes and businesses. It operates on a B2B and B2C model. Its Indian entity Nitsun Solar Energy Private Limited reported revenue of ₹21.5 Lakh. Nitsun Solar offers products and services including Solar Power System, Solar Street Lights, Solar Water Heater, Solar Water Pumping System, and Solar Tree. Its focus areas include Energy, Renewable Energy, Solar and Water Heating. Similar companies include Fourth Partner Energy, Sterling And Wilson and GREW; 3 of its 3 listed similar companies have raised funding.
Company details
Nitsun Solar specializes in renewable energy solutions, including solar power systems, street lights, water heaters, and pumping systems. They provide engineering, procurement, and construction services, along with ongoing maintenance contracts to ensure optimal performance. Based in Nashik, India, they serve residential, commercial, and industrial clients, helping reduce electricity costs and carbon emissions through eco-friendly technology.
- Headquarters Nashik, India
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website nitsunsolar.com
- Legal Name Nitsun Solar Energy Private Limited
- Date of Incorporation 18 Aug, 2017
- Jurisdiction Nashik, Maharashtra, India
- Annual Revenue₹21.5 Lakh
FY 2024 · -82% YoY
- Net Profit₹22,330
FY 2024 · 1% margin
- EBITDA₹1.2 Lakh
FY 2024 · 5% margin
Associated legal entities of Nitsun Solar
Nitsun Solar operates through Nitsun Solar 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 |
|---|---|---|---|---|---|---|---|
| Nitsun Solar Energy Private Limited CIN U29309MH2017PTC298748 | Active | 18 Aug 2017 | Nashik, Maharashtra | ₹0.2 Cr | 2 | View details |
Products & Services of Nitsun Solar
Nitsun Solar offers a comprehensive portfolio of products and services, including Solar Power System, Solar Street Lights, Solar Water Heater, Solar Water Pumping System, and Solar Tree.
Generates electricity from solar panels for residential and commercial use.
Provides solar-powered illumination for outdoor and street applications.
Heats water using solar energy for efficient home and industrial needs.
Pumps water with solar power for agricultural and remote locations.
Multi-functional solar structure for charging and power generation.
Board of directors of Nitsun Solar Energy Private Limited (Nitsun Solar)
Nitsun Solar Energy Private Limited is the primary company behind Nitsun Solar. The board of Nitsun Solar Energy Private Limited currently have 2 directors; the longest-serving is Gopal Mahadev Nitturkar, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gopal Mahadev Nitturkar DIN 07852692 | Director | 18 Aug 2017 | 9 yrs 2 mo | Nitsun Solar Energy Private Limited |
| Vidya Gopal Nitturkar DIN 07852707 | Director | 18 Aug 2017 | 9 yrs 2 mo | Nitsun Solar Energy Private Limited |
Financials of Nitsun Solar
Figures of Nitsun Solar Energy Private Limited, the primary company behind Nitsun Solar, for FY 2024. Revenue was ₹21.5 Lakh (-82% year on year). Net profit was ₹22,330 (1% margin). EBITDA was ₹1.2 Lakh (5% margin). Revenue has grown at a compounded annual rate of -17% over three years and +13% over five years.
- ₹21.5 LakhRevenue · FY 2024 · -82% YoY
- ₹22,330Net profit · 1% margin
- ₹1.2 LakhEBITDA · 5% margin
- ₹1 LakhPaid-up capital
- -17%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nitsun Solar Energy Private Limited are on its company page.
Detailed financial statements for Nitsun Solar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Similar companies to Nitsun Solar
Nitsun Solar has 3 listed similar companies in our database, 3 of them funded. They include Fourth Partner Energy, Sterling And Wilson and GREW.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 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. | |
| grew.one | 2022 | Ahmedabad, India | $4.22M | 1,556 | Provider of a range of solar products and services |
Detailed similar companies of Nitsun Solar
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- Full competitor set
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Nitsun 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 Nitsun Solar
Nitsun Solar was founded in 2016.
Nitsun Solar is headquartered in Nashik, India. It is registered at Nashik, Maharashtra, India.
The primary company behind Nitsun Solar, Nitsun Solar Energy Private Limited, reported revenue of ₹21.5 Lakh for FY 2024, down 82% year on year.
Nitsun Solar specializes in renewable energy solutions, including solar power systems, street lights, water heaters, and pumping systems. They provide engineering, procurement, and construction services, along with ongoing maintenance contracts to ensure optimal performance. Based in Nashik, India, they serve residential, commercial, and industrial clients, helping reduce electricity costs and carbon emissions through eco-friendly technology.
Nitsun Solar's top competitors include Fourth Partner Energy, GREW and Sterling And Wilson.
Nitsun Solar offers Solar Power System, Solar Street Lights, Solar Water Heater, Solar Water Pumping System, and Solar Tree.
Nitsun Solar operates through Nitsun Solar Energy Private Limited.
The legal entities of Nitsun Solar currently have 2 directors, including Gopal Mahadev Nitturkar, Vidya Gopal Nitturkar.