About QuantSolar
QuantSolar is an Energy & Utilities company based in Hyderabad (India) founded in 2016 by Siddhant Agarwal. Solar energy projects are developed by QuantSolar in India. QuantSolar has raised $817.82 thousand across 2 funding rounds from investors including Geetika Tiwari, Sun Power and Consultants and Mohan Kumar. The company has 56 employees. QuantSolar was last valued at $8 million in September 2023. Its Indian entity Quantsolar Technologies Private Limited reported revenue of ₹62.46 Cr. QuantSolar offers products and services including FSPV Solutions, Site Feasibility Study, Design and Engineering, Installation and Commissioning, and Operation and Maintenance. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its competitors include Sterling and Wilson, NTPC Renewable Energy and AK Crop.
Company details
QuantSolar was founded in 2016 and is headquartered in Hyderabad, India. The company operates within the renewable energy sector, where solar energy projects are developed and managed. Focus is placed on project initiation, execution, and deployment across Indian regions. Services encompass planning and implementation of solar installations, supporting sustainable energy infrastructure without extending beyond domestic operations.
- Headquarters Hyderabad, India
- Employees 56
- Founders Siddhant Agarwal
- Stage Minicorn
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website quantsolar.com
- Social LinkedIn X Facebook
- Legal Name Quantsolar Technologies Private Limited
- Date of Incorporation 22 Jun, 2016
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹62.46 Cr
FY 2025 · +81% YoY
- Net Profit₹6.66 Cr
FY 2025 · 11% margin
- EBITDA₹9.13 Cr
FY 2025 · 15% margin
- Total Equity Funding$817.82K (USD)
in 2 rounds
- Latest Funding Round$64.46K (USD), Angel Round
Sep 2023
- InvestorsAntrish
& 3 more
- Employee Count56
Associated legal entities of QuantSolar
QuantSolar operates through Quantsolar Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Quantsolar Technologies Private Limited CIN U74999WB2016PTC216281 | Active | 22 Jun 2016 | Kolkata, West Bengal | ₹62.5 Cr | 56 | 3 | View details |
Products & Services of QuantSolar
QuantSolar offers a comprehensive portfolio of products and services, including FSPV Solutions, Site Feasibility Study, Design and Engineering, Installation and Commissioning, and Operation and Maintenance.
Provides turnkey EPC for floating solar PV power plants.
Conducts assessments for floating solar project viability.
Offers plant layout and 3D modeling for solar installations.
Handles safe installation and performance testing of systems.
Provides monitoring and defect rectification for solar plants.
Funding Insights of QuantSolar
QuantSolar has successfully raised a total of $817.82K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $64.46 thousand completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $817,824
- Total Rounds 2
- Last Round Angel Round — $64,459
- First Round $753,365
(Feb 2022)
- Investors Count 4
All 2 funding rounds of QuantSolar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2023 | $64,459 | Angel Round | $8M | Geetika Tiwari | – |
| Feb 2022 | $753,365 | Seed | $8.75M | Sun Power and Consultants |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2023 | $8M | •••••••• |
| Feb 2022 | $8.75M | •••••••• |
Last known valuation $8M (Sep 2023). 4 investors in total: 2 institutional and 2 angel.
Investors in QuantSolar
QuantSolar has secured backing from 4 investors, including angel and institutional investors. Prominent investors backing the company include Geetika Tiwari, Sun Power and Consultants and Mohan Kumar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| antrish.org | ||||
GT Geetika Tiwari | unknown_68faf6da4f504cc0b | |||
MK Mohan Kumar | Managing Partner at Avataar Venture Partners, ex-Nokia, active angel investor | unknown_4f0d031f11a4482b8 | ||
Investor details for QuantSolar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Quantsolar Technologies Private Limited (QuantSolar)
Quantsolar Technologies Private Limited is the primary company behind QuantSolar. The board of Quantsolar Technologies Private Limited currently have 3 directors; the longest-serving is Pankaj Biswas, appointed in 2017. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pankaj Biswas DIN 07682272 | Director | 01 Apr 2017 | 9 yrs 7 mo | Quantsolar Technologies Private Limited |
| Pankaj Kumar Sinha DIN 07800727 | Whole-time director | 21 Apr 2017 | 9 yrs 6 mo | Quantsolar Technologies Private Limited |
| Siddhant Agarwal DIN 07797236 | Whole-time director | 21 Apr 2017 | 9 yrs 6 mo | Quantsolar Technologies Private Limited |
People of QuantSolar
1 people are tracked at QuantSolar (1 in leadership); the tracked headcount is 56.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for QuantSolar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of QuantSolar
Figures of Quantsolar Technologies Private Limited, the primary company behind QuantSolar, for FY 2025. Revenue was ₹62.46 Cr (+81% year on year). Net profit was ₹6.66 Cr (11% margin). EBITDA was ₹9.13 Cr (15% margin). Revenue has grown at a compounded annual rate of +106% over three years and +49% over five years.
- ₹62.46 CrRevenue · FY 2025 · +81% YoY
- ₹6.66 CrNet profit · 11% margin
- ₹9.13 CrEBITDA · 15% margin
- ₹8.72 CrPaid-up capital
- 56Employees (provident fund records)
- +106%Revenue CAGR, 3 years
- +49%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Quantsolar Technologies Private Limited are on its company page.
Detailed financial statements for QuantSolar
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.
Timeline of QuantSolar
4 dated milestones of QuantSolar across 7 years, from founding to its latest funding, stage changes and deals.
- Founded QuantSolar is founded.
- Funding First funding round of $753K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $64K.
Competitors of QuantSolar
QuantSolar has 3 listed competitors in our database. They include Sterling and Wilson, NTPC Renewable Energy and AK Crop.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sterlingandwilsonre.com | 1927 | Mumbai, India | 5,517 | Energy storage systems for renewables are designed and developed. | ||
| ntpcrel.co.in | 2020 | Noida, India | Develops and manages solar, wind, energy storage, and green hydrogen initiatives in India. | |||
| akcorp.org | 2012 | Bengaluru, India | 23 | Delivers renewable energy projects, aviation support, water treatment, and infrastructure design services. |
Detailed competitors of QuantSolar
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 QuantSolar
The website of QuantSolar (quantsolar.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 69.7% vs previous month
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as QuantSolar (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 QuantSolar
QuantSolar was founded in 2016 and raised its 1st funding round 6 years after it was founded.
QuantSolar is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
QuantSolar is a funded company, having raised a total of $817.82K across 2 funding rounds to date. The company's 1st funding round was a Seed of $753.37K, raised on Feb 2022.
QuantSolar has 56 employees.
The primary company behind QuantSolar, Quantsolar Technologies Private Limited, reported revenue of ₹62.46 Cr for FY 2025, up 81% year on year.
QuantSolar was founded in 2016 and is headquartered in Hyderabad, India. The company operates within the renewable energy sector, where solar energy projects are developed and managed. Focus is placed on project initiation, execution, and deployment across Indian regions. Services encompass planning and implementation of solar installations, supporting sustainable energy infrastructure without extending beyond domestic operations.
QuantSolar's top competitors include Sterling and Wilson, NTPC Renewable Energy and AK Crop.
QuantSolar offers FSPV Solutions, Site Feasibility Study, Design and Engineering, Installation and Commissioning, and Operation and Maintenance.
QuantSolar has 4 investors. Key investors include Geetika Tiwari, Sun Power and Consultants, Mohan Kumar, and Antrish.
The valuation of QuantSolar is $8M as of Sep 2023.
QuantSolar operates through Quantsolar Technologies Private Limited.
The legal entities of QuantSolar currently have 3 directors, including Pankaj Kumar Sinha, Siddhant Agarwal, Pankaj Biswas.