About VSM Solar
VSM Solar is an Energy & Utilities company based in Bengaluru (India) founded in 2010. It operates as a solar refrigeration and cooling systems are designed, manufactured, and installed. Its Indian entity Vsm Solar Private Limited reported revenue of ₹2.13 Cr. VSM Solar offers products and services including Solar Air Conditioning, Solar Heat for Industrial Process, Solar Cold Storage, and Solar Desalination. Its focus areas include Energy, Solar Energy, Solar Products and Multi-Products. Its competitors include Borosil Renewables, Servoteh, Nessa, SuKam Solar and HVR Solar and 4 more; 2 of its 9 listed competitors have raised funding.
Company details
VSM Solar is a JV between Fraunhofer-Gesellschaft and VSM Energy to design, manufacture and install solar air conditioning, refrigeration, cold storage and other cooling solutions in India, Srilanka and Bangladesh. The manufacturing and RD facility is coming up in the KIADB Industrial Estate in Bangalore, India which can manufacture 22,100 TR of solar air conditioning systems per annum. Fraunhofer holds 25 of Equity in this JV as a promoter.
- Headquarters Bengaluru, India
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website vsmsolar.com
- Legal Name Vsm Solar Private Limited
- Date of Incorporation 18 Feb, 2011
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2.13 Cr
FY 2025 · +2680% YoY
- Net Profit₹76.1 Lakh
FY 2025 · 36% margin
- EBITDA₹90 Lakh
FY 2025 · 42% margin
Associated legal entities of VSM Solar
VSM Solar operates through Vsm 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 |
|---|---|---|---|---|---|---|---|
| Vsm Solar Private Limited CIN U29192KA2011PTC057179 | Active | 18 Feb 2011 | Bangalore, Karnataka | ₹2.1 Cr | – | 3 | View details |
Products & Services of VSM Solar
VSM Solar offers a comprehensive portfolio of products and services, including Solar Air Conditioning, Solar Heat for Industrial Process, Solar Cold Storage, and Solar Desalination.
Provides air conditioning using solar thermal energy for buildings.
Delivers solar-based heating for various industrial applications.
Maintains low temperatures for perishable items using solar power.
Converts seawater into potable water via solar energy.
Board of directors of Vsm Solar Private Limited (VSM Solar)
Vsm Solar Private Limited is the primary company behind VSM Solar. The board of Vsm Solar Private Limited currently have 3 directors; the longest-serving is Mythili Sampath, appointed in 2011. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mythili Sampath DIN 02010518 | Director | 18 Feb 2011 | 15 yrs 8 mo | Vsm Solar Private Limited |
| Sampath Srinivasan DIN 01396398 | Director | 18 Feb 2011 | 15 yrs 8 mo | Vsm Solar Private Limited |
| Kapil Kumar Bansal DIN 07719976 | Director | 25 Feb 2017 | 9 yrs 7 mo | Vsm Solar Private Limited |
Financials of VSM Solar
Figures of Vsm Solar Private Limited, the primary company behind VSM Solar, for FY 2025. Revenue was ₹2.13 Cr (+2680% year on year). Net profit was ₹76.1 Lakh (36% margin). EBITDA was ₹90 Lakh (42% margin). Revenue has grown at a compounded annual rate of +153% over three years and +45% over five years.
- ₹2.13 CrRevenue · FY 2025 · +2680% YoY
- ₹76.1 LakhNet profit · 36% margin
- ₹90 LakhEBITDA · 42% margin
- ₹69.5 LakhPaid-up capital
- +153%Revenue CAGR, 3 years
- +45%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Vsm Solar Private Limited are on its company page.
Detailed financial statements for VSM 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
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Competitors of VSM Solar
VSM Solar has 9 listed competitors in our database, 2 of them funded. They include Borosil Renewables, Servoteh, Nessa, SuKam Solar and HVR Solar, among others.
| 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 | |
| sukam-solar.com | 1998 | Gurugram, India | $10.08M | 97 | Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries | |
| hvrsolar.com | 2016 | Delhi, India | – | 59 | Manufactures solar panels, batteries, and modules for renewable energy solutions in India. | |
| gautamsolar.com | 1997 | Delhi, India | – | 19 | Manufactures solar modules and power plants with high-efficiency technology in India. | |
| ksolare.com | 2012 | Pune, India | – | 52 | Manufactures solar inverters and EV chargers for renewable energy solutions. | |
| dhashtec.com | 2017 | Bengaluru, India | – | 100 | Provides comprehensive solutions for PV junction boxes, connectors, and cables for solar panels. | |
| kosolenergie.com | 2005 | Ahmedabad, India | – | 92 | Manufactures solar products, provides renewable energy systems, and offers EPC services internationally. |
Detailed competitors of VSM 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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Verified entity values are shown only after access is granted.
Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as VSM Solar (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
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 and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about VSM Solar
VSM Solar was founded in 2010.
VSM Solar is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind VSM Solar, Vsm Solar Private Limited, reported revenue of ₹2.13 Cr for FY 2025, up 2680% year on year.
VSM Solar is a JV between Fraunhofer-Gesellschaft and VSM Energy to design, manufacture and install solar air conditioning, refrigeration, cold storage and other cooling solutions in India, Srilanka and Bangladesh. The manufacturing and RD facility is coming up in the KIADB Industrial Estate in Bangalore, India which can manufacture 22,100 TR of solar air conditioning systems per annum. Fraunhofer holds 25 of Equity in this JV as a promoter.
VSM Solar's top competitors include Servoteh, Borosil Renewables and SuKam Solar.
VSM Solar offers Solar Air Conditioning, Solar Heat for Industrial Process, Solar Cold Storage, and Solar Desalination.
VSM Solar operates through Vsm Solar Private Limited.
The legal entities of VSM Solar currently have 3 directors, including Kapil Kumar Bansal, Mythili Sampath, Sampath Srinivasan.