About RelyOn Solar
RelyOn Solar is an Energy & Utilities company based in Pune (India) founded in 2010. Solar systems are designed and installed for diverse applications. RelyOn Solar has raised $1.28 million across 11 funding rounds from investors including Ranjana Gundu Sabde. The company has 7 employees. RelyOn Solar was last valued at $14.8 million in July 2015. Its Indian entity Relyon Solar Private Limited reported revenue of ₹53.40 Cr. RelyOn Solar offers products and services including Consulting, Project Execution, Operation & Maintenance, and Project Management. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its competitors include Freyr Energy, Fourth Partner Energy and Sterling And Wilson; 3 of its 3 listed competitors have raised funding.
Company details
RelyOn Solar was founded in 2010 and is based in Pune, India. Operations focus on the solar energy sector, where solar systems are designed and installed, including street lights, rooftop setups for homes, off-grid power plants, and DC pumps. Projects totaling more than 870 kW in capacity have been completed as of August 2015.
- Headquarters Pune, India
- Employees 7
- Stage Minicorn
- SectorsEnergy & Utilities
- Website relyonsolar.com
- Social LinkedIn X Facebook
- Legal Name Relyon Solar Private Limited
- Date of Incorporation 13 Apr, 2010
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹53.40 Cr
FY 2025 · +28% YoY
- Net Profit₹3.96 Cr
FY 2025 · 7% margin
- EBITDA₹5.64 Cr
FY 2025 · 11% margin
- Total Equity Funding$1.28M (USD)
in 11 rounds
- Latest Funding Round$74.59K (USD), Angel Round
Feb 2017
- Employee Count7
Associated legal entities of RelyOn Solar
RelyOn Solar operates through Relyon Solar 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 |
|---|---|---|---|---|---|---|---|
| Relyon Solar Private Limited CIN U40106PN2010PTC136074 | Active | 13 Apr 2010 | Pune, Maharashtra | ₹53.4 Cr | 7 | 3 | View details |
Products & Services of RelyOn Solar
RelyOn Solar offers a comprehensive portfolio of products and services, including Consulting, Project Execution, Operation & Maintenance, and Project Management.
Offers capacity determination, feasibility studies, and regulatory advice for solar projects.
Handles design, procurement, supply, and commissioning of solar power systems.
Provides preventive maintenance and remote monitoring for solar installations.
Includes onsite supervision and procurement outsourcing for solar projects.
Funding Insights of RelyOn Solar
RelyOn Solar has successfully raised a total of $1.28M across 11 strategic funding rounds. The most recent funding activity was a Angel Round of $74.59 thousand completed in February 2017. 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 $1.28M
- Total Rounds 11
- Last Round Angel Round — $74,590
- First Round $231,300
(Oct 2011)
- Investors Count 1
Latest 10 of 11 funding rounds of RelyOn Solar 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 |
|---|---|---|---|---|---|
| Feb 2017 | $74,590 | Angel Round | – | – | – |
| Feb 2017 | $74,590 | Angel Round | – | – | – |
| Aug 2015 | $15,596 | Angel Round | – | – | – |
| Aug 2015 | $15,596 | Angel Round | – | – | – |
| Jul 2015 | $314,600 | Angel Round | $14.8M | – | – |
| Sep 2014 | $452,700 | Angel Round | $16.93M | – | – |
| Sep 2013 | Angel Round | – | – | – | |
| Sep 2013 | Angel Round | – | – | – | |
| Apr 2013 | Angel Round | – | Ranjana Gundu Sabde | – | |
| Sep 2012 | $103,900 | Angel Round | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2015 | $14.8M | •••••••• |
| Sep 2014 | $16.93M | •••••••• |
| Sep 2012 | $••••• | •••••••• |
| Oct 2011 | $••••• | •••••••• |
Full valuation and stage history of RelyOn Solar
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $14.8M (Jul 2015). 1 investors in total: 0 institutional and 1 angel.
Investors in RelyOn Solar
RelyOn Solar has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Ranjana Gundu Sabde.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
RG Ranjana Gundu Sabde | unknown_6c04b8ec07944bc1b |
Investor details for RelyOn Solar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Relyon Solar Private Limited (RelyOn Solar)
Relyon Solar Private Limited is the primary company behind RelyOn Solar. The board of Relyon Solar Private Limited currently have 3 directors; the longest-serving is Ranjana Gundu Sabde, appointed in 2010. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ranjana Gundu Sabde DIN 02983282 | Director | 13 Apr 2010 | 16 yrs 6 mo | Relyon Solar Private Limited |
| Gundu Machindra Sabde DIN 02983234 | Managing Director | 27 Apr 2010 | 16 yrs 5 mo | Relyon Solar Private Limited |
| Scott Gerald Meikle DIN 05346271 | Director | 06 Aug 2012 | 14 yrs 2 mo | Relyon Solar Private Limited |
Financials of RelyOn Solar
Figures of Relyon Solar Private Limited, the primary company behind RelyOn Solar, for FY 2025. Revenue was ₹53.40 Cr (+28% year on year). Net profit was ₹3.96 Cr (7% margin). EBITDA was ₹5.64 Cr (11% margin). Revenue has grown at a compounded annual rate of +69% over three years and +23% over five years.
- ₹53.40 CrRevenue · FY 2025 · +28% YoY
- ₹3.96 CrNet profit · 7% margin
- ₹5.64 CrEBITDA · 11% margin
- ₹57.9 LakhPaid-up capital
- 7Employees (provident fund records)
- +69%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Relyon Solar Private Limited are on its company page.
Detailed financial statements for RelyOn 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.
Timeline of RelyOn Solar
4 dated milestones of RelyOn Solar across 7 years, from founding to its latest funding, stage changes and deals.
- Founded RelyOn Solar is founded.
- Funding First funding round of $231K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $75K.
Competitors of RelyOn Solar
RelyOn Solar has 3 listed competitors in our database, 3 of them funded. They include Freyr Energy, Fourth Partner Energy and Sterling And Wilson.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 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. |
Detailed competitors of RelyOn Solar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as RelyOn 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 RelyOn Solar
RelyOn Solar was founded in 2010 and raised its 1st funding round 1 year after it was founded.
RelyOn Solar is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
RelyOn Solar is a funded company, having raised a total of $1.28M across 11 funding rounds to date. The company's 1st funding round was a Angel Round of $103.9K, raised on Oct 2011.
RelyOn Solar has 7 employees.
The primary company behind RelyOn Solar, Relyon Solar Private Limited, reported revenue of ₹53.40 Cr for FY 2025, up 28% year on year.
RelyOn Solar was founded in 2010 and is based in Pune, India. Operations focus on the solar energy sector, where solar systems are designed and installed, including street lights, rooftop setups for homes, off-grid power plants, and DC pumps. Projects totaling more than 870 kW in capacity have been completed as of August 2015.
RelyOn Solar's top competitors include Fourth Partner Energy, Freyr Energy and Sterling And Wilson.
RelyOn Solar offers Consulting, Project Execution, Operation & Maintenance, and Project Management.
RelyOn Solar has 1 investor. Key investors include Ranjana Gundu Sabde.
The valuation of RelyOn Solar is $14.8M as of Jul 2015.
RelyOn Solar operates through Relyon Solar Private Limited.
The legal entities of RelyOn Solar currently have 3 directors, including Ranjana Gundu Sabde, Scott Gerald Meikle, Gundu Machindra Sabde.