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Eastern India based Solar EPC business with strong orderbook and high growth is up for sale

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Essjay Ventures (Punam Energy Pvt Ltd)

Business Brief

It is is a leading Solar EPC company with a strong presence across East and Northeast India. Operating for past 15 years, the company offers comprehensive solar solutions focusing on solar rooftop and solar water pumping solutions.  

Business Divisions

Primary divisions

  1. Corporate and Industries (solar powerplants)
  2. Residences (rooftop systems)
  3. Farmers and rural energy access
  4. Government Business and Tendering
  5. Operation and Maintenence

Products & Services

  1. Solar Rooftop and Solar Powerplants
  2. Solar Water pumping
  3. Solar Lighting

Additional Information

Currently, have a strong order book of Rs 15 crores and expecting to cross sales of Rs 30 crores in current FY26

Proposal

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Industry

Energy and Environmental
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Sub Industry

Solar Power Generation (Renewable)
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Nature of Business

B2B, B2B2C, B2G
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Sector

EPC (Engineering, Procurement & Construction) - Assembly & Installation of solar projects

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Reason for sell-off

Strategic Realignment or Pursuing New Opportunities
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Location

India
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Region

Eastern
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Open For Dilution

100 % (Complete Buyout)
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Top Customer

Top customers include large renowed listed companies, SMEs, PSUs, government bodies, individual residences and farmers
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Deal Size

INR 14 - 15 Cr

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Justification

The company is on a high growth trajectory. The solar market in east and northeast region is relatively under-tapped and is poised for expansion. In addition, the company is renowned in the market winning multiple awards and recognitions along with 15 years of operating experience. Company has a strong second level middle management team capable of working independently (multiple team members working 8 to 12 years with the company). In addition, it leverages on network of our channel partners, installation and service partners
Financial Information 2025 (in Cr) 2024 (in Cr) 2023 (in Cr)
Sales 20.41 20.4 15.2
EBITDA 1.48 1.48 .78
PAT 0.80 .8 .3

Business Documents

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Teaser 		Icon
Information Memo 		Icon
Financial Statement

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