About Swelect Energy Systems
Swelect Energy Systems is a company based in Chennai (India) founded in 1984.. The company has 352 employees as of March 31, 2024. Swelect Energy Systems has completed 2 acquisitions, including Amex Alloys and HHV Solar Technologies. Swelect Energy Systems offers products and services including Solar PV Module, Solar Inverter, Solar Water Pump, and Servo Stabilizers. Swelect Energy Systems operates in a competitive market with competitors including Fourth Partner Energy, Sterling And Wilson, GREW, Mahindra Susten and Roofsol Energy, among others.
- Headquarter Chennai, India
- Employees 352 as on 31 Mar, 2024
- Stage Public
-
Sectors
Energy & Utilities
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Swelect Energy Systems Limited
-
Annual Revenue
$72.1 M (USD)159.39as on Mar 31, 2025
-
Net Profit
$1.47 M (USD)-79.67as on Mar 31, 2025
-
EBITDA
$11.94 M (USD)19.3as on Mar 31, 2025
-
Latest Funding Round
-
Investors
-
Employee Count
352
as on Mar 31, 2024
-
Investments & Acquisitions
Amex Alloys
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Swelect Energy Systems
Swelect Energy Systems is a publicly listed company on the NSE with ticker symbol SWELECTES in India, operating in the Producer manufacturing 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 Swelect Energy Systems
Swelect Energy Systems offers a comprehensive portfolio of products and services, including Solar PV Module, Solar Inverter, Solar Water Pump, and Servo Stabilizers. 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.
Manufactures photovoltaic panels for solar energy generation and installation.
Converts solar DC power to AC for grid integration and use.
Operates water pumping systems using solar power for agricultural needs.
Regulates electrical fluctuations to protect equipment and systems.
Funding Insights of Swelect Energy Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Swelect Energy Systems
Swelect Energy Systems has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Amex Alloys and HHV Solar Technologies. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
PV modules are manufactured by HHV Solar Technologies in India.
|
2008 | ||||
|
Grey iron castings are manufactured for diverse industrial sectors.
|
2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Swelect Energy Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Swelect Energy Systems Comparisons
Competitors of Swelect Energy Systems
Swelect Energy Systems 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 Fourth Partner Energy, Sterling And Wilson, GREW, Mahindra Susten and Roofsol 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 |
On-grid and off-grid solar solutions and products are provided.
|
|
| domain | founded_year | HQ Location |
EPC and MEP services are provided across diverse sectors.
|
|
| domain | founded_year | HQ Location |
Provider of a range of solar products and services
|
|
| domain | founded_year | HQ Location |
Turnkey EPC services for solar power plants are provided.
|
|
| domain | founded_year | HQ Location |
Provides solar plant installations, providing engineering, procurement, and construction services
|
|
| domain | founded_year | HQ Location |
Solar large-scale projects are developed and installed by InSolare Energy.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Swelect Energy Systems
Frequently Asked Questions about Swelect Energy Systems
When was Swelect Energy Systems founded?
Swelect Energy Systems was founded in 1984.
Where is Swelect Energy Systems located?
Swelect Energy Systems is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Swelect Energy Systems?
Chellappan Ramaswamy is the current CEO of Swelect Energy Systems.
How many employees does Swelect Energy Systems have?
As of Mar 31, 2024, the latest employee count at Swelect Energy Systems is 352.
What is the annual revenue of Swelect Energy Systems?
Annual revenue of Swelect Energy Systems is $72.1M as on Mar 31, 2025.
What does Swelect Energy Systems do?
Swelect (formerly known as Numeric Power Systems Ltd) offers turnkey EPC services for solar farms of MW scale. The company designed, engineered, installed and commissioned its first 1.1MW solar power plant at Coimbatore and has installed and commissioned over 2.7 MW of Off-grid solar power generation systems with over 1300 installations. Swelect also offers services in PV-wind hybrid system. On August 01, 2014, the Company acquired 51 equity shares in HHV Solar Technologies Limited, Bangalore. HHV manufactures solar PV modules upto 400 watts.
Who are the top competitors of Swelect Energy Systems?
Swelect Energy Systems's top competitors include Fourth Partner Energy, GREW and Sukhbir Agro Energy.
What products or services does Swelect Energy Systems offer?
Swelect Energy Systems offers Solar PV Module, Solar Inverter, Solar Water Pump, and Servo Stabilizers.
Is Swelect Energy Systems publicly traded?
Yes, Swelect Energy Systems is publicly traded on NSE under the ticker symbol SWELECTES.
How many acquisitions has Swelect Energy Systems made?
Swelect Energy Systems has made 2 acquisitions, including Amex Alloys, and HHV Solar Technologies.
What is Swelect Energy Systems's ticker symbol?
The ticker symbol of Swelect Energy Systems is SWELECTES on NSE.