GK Energy

What GK Energy does

GK Energy Limited is a Pune-based pure-play EPC (Engineering, Procurement, and Commissioning) company specializing in solar-powered agricultural water pumping systems, with a cumulative installed base exceeding 140,000 renewable energy systems and 617+ MW of commissioned capacity across India. The company designs, procures, and commissions integrated solar pumping solutions comprising high-efficiency Steorra Series Mono PERC PV modules (520W-550W, up to 21.29% efficiency), proprietary 4G-enabled solar water pump controllers with in-built MPPT (>99% efficiency), GPS tracking, and remote monitoring, and SS304 stainless-steel submersible pumps ranging from 0.5HP to 50HP. It also offers hybrid solar systems (10-100 kW) for grid-tied and battery-backed applications in government institutions, hospitals, and schools.

The company's revenue model is anchored in Business-to-Government (B2G) sales through tenders and Letters of Empanelment from state electricity distribution companies (DISCOMs) and state renewable energy development agencies, primarily under India's PM-KUSUM scheme and state-level programs such as Maharashtra's Magel Tyala Saur Krushi Pump Yojana. GK Energy serves state DISCOMs (MSEDCL, JREDA, HAREDA, MEDA/MAHAURJA), agricultural end-users (farmers across Maharashtra, Chhattisgarh, Rajasthan, Haryana, Punjab, and Uttar Pradesh), and government institutions, executing projects through a network of 1,200+ installation and commissioning partners operating across 7,500+ villages. Following its September 2025 ₹464 crore IPO on NSE and BSE, the company has expanded into retail rooftop solar EPC targeting residential and SMB customers under the PM Surya Ghar scheme. FY26 revenue from operations stood at ₹1,532.54 crore with PAT of ₹201.27 crore (up 51.1% YoY) and EBITDA margins of 20.44%, supported by a surplus cash position of ₹240.61 crore as of March 31, 2026.

Name

GK Energy

Legal name

GK Energy Limited

Website

https://gkenergy.in

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

GK Energy Limited is a Pune-based pure-play EPC company providing solar-powered agricultural water pump systems, rooftop solar, and hybrid renewable energy solutions to Indian state DISCOMs, farmers, and government institutions under the PM-KUSUM and PM Surya Ghar schemes.

Ownership category

akta.pro rank

Product category

Solar Agricultural Water Pump EPC Services

NAICS

Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro industry

PRIMARYEUAMABAB

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Solar Energy (PV, CSP, Rooftop & Utility-Scale)

SECONDARYEUAEAAAG

Solar PV Power Plant EPC (Utility-Scale)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Power Generation EPC & Construction

SECONDARYEUAEADAB

Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Renewable Balance-of-Plant EPC (Wind/Solar/Hydro)

SECONDARYEUAMAFAD

Electrical BOP & Collection Systems (MV/HV Cabling, Switchgear, Protection, Grounding)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable EPC & Construction (Balance of Plant)

Keywords

• Solar agricultural pumps
• Solar EPC services
• Renewable energy solutions
• Solar water pumping systems
• Decentralized solar infrastructure

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. EPC Contracts for Solar Agricultural Pumps: Primary revenue stream through engineering, procurement, and commissioning of solar-powered agricultural water pump systems under the PM-KUSUM scheme and state government programs. Revenue grew from ₹2.85 billion (FY23) to ₹10.95 billion (FY25), representing approximately 284% growth over two years.
2. Decentralized Renewable Energy Systems Deployment: Deployment of various decentralized renewable energy systems including solar pumps, rooftop solar, and rural electrification solutions. The company deployed 61,085 systems in FY26 and has cumulatively installed over 140,000 systems.
3. Retail Solar Rooftop EPC: New segment launched in 2026 targeting residential and commercial rooftop solar installations in Tier 2 and Tier 3 cities. Expected to deliver faster payment cycles and improved cash flows compared to large institutional or subsidy-linked projects.
4. Government Solar Pump Orders: Direct orders from state electricity distribution companies for solar photovoltaic water pumping systems. Recent order from MSEDCL for 15,000 Off-Grid DC Solar SPWPS valued at ₹353.89 crore (inclusive of GST) under Magel Tyala Saur Krushi Pump Yojana.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

GK Energy provides end-to-end EPC (Engineering, Procurement, and Commissioning) services for solar-powered agricultural water pumping systems, primarily under India's PM-KUSUM scheme for state electricity distribution companies and farmers. The company also manufactures and supplies solar photovoltaic modules, 4G-enabled solar water pump controllers, SS304 submersible pumps, and hybrid solar rooftop systems. Its primary customer base is government DISCOMs and renewable energy agencies, with a growing retail rooftop solar segment.

Product overview

GK Energy operates as a pure-play EPC (Engineering, Procurement, and Commissioning) company providing renewable energy solutions primarily for agricultural and rural applications in India. The product portfolio centers on Solar Agriculture Pumps (the core offering under PM-KUSUM Component B) complemented by Solar Photovoltaic Modules, Solar Water Pump Controllers, and Solar Rooftop systems. The four main products function as an integrated solar pumping solution, where the Solar Photovoltaic Modules generate power, the Solar Water Pump Controllers manage system operation with MPPT and remote monitoring, and the Solar Agriculture Pumps deliver water for irrigation. The recently launched Solar Rooftop EPC service extends the company's infrastructure capabilities into distributed solar beyond agriculture. The company also offers Rural Drinking Water solutions and Remote Village Electrification as part of its broader sustainable energy portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• Steorra Series Mono PERC PV Module: High-efficiency solar photovoltaic module line offering 520W to 550W power output with mono PERC technology, 25-year generation guarantee against manufacturing defect.

Products and services

• Solar Agriculture Pump (EPC Service) End-to-end EPC service for solar-powered agricultural water pumping systems under India's PM-KUSUM scheme, including submersible solar pumps in V4/V6 configurations ranging from 0.5 HP to 50 HP with SS304 stainless steel construction. Designed for farmers and state electricity distribution companies (DISCOMs) implementing government solar pump programs.
• Solar Water Pump Controller Advanced solar DC and AC pump controllers available in 1HP to 10HP variants featuring in-built MPPT efficiency exceeding 99%, IP65 ingress protection, GPS tracking, remote monitoring, dry run protection, and surge lightning protection. Sold as part of integrated solar pump systems to EPC contractors and government buyers.
• Solar Photovoltaic Module (Steorra Series Mono PERC) High-efficiency single-crystal silicon solar panels in the Steorra Series Mono PERC PV Module lineup, ranging from 520W to 550W with up to 21.29% module efficiency using M10-144 cut cells. Features include PID-free construction, UV-resistant backsheet, IP68 junction box, and 25-year generation guarantee against manufacturing defects. Used in GK Energy's solar pump and rooftop solar EPC installations.
• Solar Roof-Top System (Hybrid and Grid-Tied) Rooftop solar systems available in hybrid configurations (combining battery storage with grid connectivity) and grid-tied systems with net metering, ranging from 10kW to 100kW capacity. Designed for government offices, hospitals, primary health centres, schools, educational institutions, and residential/SMB customers in Tier 2 and Tier 3 cities under the PM Surya Ghar Muft Bijli Yojana scheme.
• Remote Village Electrification Service Decentralized renewable energy electrification solutions for remote villages, providing off-grid and hybrid solar power systems for rural communities lacking reliable grid electricity. Targeted at government agencies and development organizations seeking sustainable rural energy access.
• Rural Drinking Water Solar Pumping Service Solar pumping systems for rural drinking water supply, providing clean water access to rural communities through off-grid solar-powered water pumping installations. Designed for government agencies, public health departments, and rural development programs.

Quantifiable outcome

• Revenue growth from ₹2.85 billion (FY23) to ₹10.95 billion (FY25), representing 284% increase over two years
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core, strategic and historical.

• Maharashtra State Electricity Distribution Company Limited (MSEDCL)coreStrategic or Co-development Partner · 6 May 2026GK Energy received Letter of Empanelment (LoE) from MSEDCL for 15,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (3HP, 5HP, 7.5HP) valued at ₹353.89 crore under the Magel Tyala Saur Krushi Pump Yojana. Execution timeline within 60 days from issuance of work order.
• Maharashtra Energy Development Agency (MEDA/MAHAURJA)coreStrategic or Co-development PartnerState government renewable energy agency partnering with GK Energy for solar pump installations under state programs in Maharashtra.
• Jharkhand Renewable Energy Development Agency (JREDA)coreStrategic or Co-development PartnerState renewable energy agency for Jharkhand, partnering with GK Energy for hybrid solar system installations at government offices, hospitals, primary health centres, and schools across various Jharkhand locations.
• United Nations Development Programme (UNDP)strategicStrategic or Co-development PartnerInternational development organization collaborating with GK Energy on rural energy access and sustainable development initiatives.
• Global Environment Facility (GEF)strategicStrategic or Co-development PartnerInternational environmental finance organization partnered through UNDP/GEF Global Solar Water Heating Market Transformation initiative in India.
• Haryana Renewable Energy Development Agency (HAREDA)coreStrategic or Co-development PartnerState renewable energy agency in Haryana partnering with GK Energy for solar pump installations.
• RWE Power GermanyhistoricalStrategic or Co-development PartnerIn 2008, GK Energy entered agreement with RWE Power Germany for promotion of Solar Water Heater (SWH) with carbon credit benefit. This was part of the company's early involvement in carbon credit markets.
• Ministry of New and Renewable Energy (MNRE), Government of IndiacoreStrategic or Co-development PartnerGK Energy appointed as consultant by MNRE for development of programmatic CDM (Clean Development Mechanism) Projects for SWH installation. Company has served as Coordination & Management Entity (CME) for PAN India SWH CDM Development for 28 years.
• 35 Leading Solar Manufacturers in IndiahistoricalTechnology or IntegrationGK Energy signed back-to-back agreements with 35 leading solar manufacturers in India for 64,000 sq. meter SWH installation to share CDM benefit.
• Ministry of Environment and Forest, Government of IndiastrategicStrategic or Co-development PartnerReceived approval from Ministry of Environment and Forest for solar water heater project under CDM framework.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Shakti Pumps (India) Limited: Manufacturer and EPC provider of solar water pumps and submersible pumps in India, directly competing with GK Energy's solar agricultural pump offering under PM-KUSUM and serving the same farmer and state DISCOM customer base.
• Waaree Renewable Technologies Limited: Solar EPC company (subsidiary of Waaree Energies) executing utility-scale and distributed solar projects across India, directly comparable in business model and government-led project execution.
• Sterling and Wilson Renewable Energy Limited: One of India's largest solar EPC contractors with strong utility-scale and rooftop solar execution capabilities; competes directly for government solar tenders and large empanelment-based projects.
• Fourth Partner Energy: Specialist in distributed and rooftop solar EPC for commercial/industrial customers in India, operating a similar channel-partner-driven model targeting underpenetrated segments of the solar market.

Broad incumbents

• Tata Power Solar Systems Limited: Subsidiary of Tata Power executing utility-scale, rooftop, and EPC solar projects in India; broader portfolio including generation and distribution, but competes head-on for rooftop solar empanelments and DISCOM contracts.
• Adani Solar: Vertically integrated solar manufacturer and project developer under the Adani Group, with operations spanning module manufacturing, utility-scale EPC, and rooftop solar – overlapping with GK Energy across multiple touchpoints.
• Havells India Limited: Diversified electrical equipment and consumer durables major with a growing solar rooftop EPC presence; broader portfolio but competes for retail rooftop customers and DISCOM-tied solar electrification projects.

Emerging players

• Vikram Solar Limited: Listed Indian solar PV module manufacturer expanding into EPC and rooftop solar; competes on the module and rooftop EPC fronts with GK Energy's Steorra module line and rooftop segment.
• Loom Solar Pvt Ltd: D2C-focused rooftop solar panel and inverter company targeting residential customers in Tier 2/3 India, directly comparable to GK Energy's newly launched retail rooftop EPC segment.

Others

• Crompton Greaves Consumer Electricals Limited: Consumer-focused pumps and electrical appliances company with growing exposure to agricultural and solar pumps; thematically comparable to GK Energy on agricultural water pumping, though operating a different go-to-market model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@gkenergyindia
• Facebookfacebook.com/gkenergyindia
• Instagraminstagram.com/gkenergyindia
• LinkedInlinkedin.com/company/gk-energy-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GK Energy