GRE Renew Enertech
GRE Renew Enertech is a Gujarat-based BSE SME-listed solar EPC company and LED lighting manufacturer that delivers rooftop and ground-mounted solar plants, plus OPEX/RESCO and PPA financing models, to industrial, commercial, and residential customers across India.
- Company typePublic
- Founded2014
- HeadquartersMehsana, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What GRE Renew Enertech does
GRE Renew Enertech Limited is a Gujarat-based solar EPC company and LED lighting manufacturer that designs, procures, installs, and operates rooftop and ground-mounted solar power plants for industrial, commercial, and residential customers. The company was incorporated in 2014 as GRE Electronics Private Limited, converted to a public limited company in 2024, and listed on the BSE SME platform in January 2026 (Scrip Code: 544682, Symbol: GRERENEW) after raising ₹39.56 crore via a fresh-issue IPO. Its core technology stack combines EPC delivery with SCADA and IoT-based remote monitoring for O&M, supporting claims of 98%+ plant uptime across an installed base of 85+ MW and a 10+ MW pipeline.
The business operates across multiple revenue models: one-time CAPEX sales (customer-owned assets), OPEX/RESCO and PPA contracts (15-25 year recurring subscription-style electricity tariffs where GRE finances and retains asset ownership), ongoing O&M managed services, and LED lighting hardware sales for industrial, commercial, and residential use. Customers include large industrial enterprises in paper, real estate, textiles, ceramics, spinning, and glass sectors, alongside commercial establishments and a residential long tail. The company runs a field-based enterprise sales motion targeting Gujarat's industrial corridor, with a registered factory in Mehsana and a corporate office in Ahmedabad.
Financially, GRE reported FY25 revenue of ₹83.71 crore (down 7.33% YoY) and profit after tax of ₹7.02 crore. IPO proceeds are allocated to a 7.20 MW (AC) / 9.99 MW (DC) ground-mounted solar plant to expand the owned-asset, recurring-revenue pipeline. The company is ISO 9001:2015 certified, claims 25+ years of market presence and 10+ industry awards, and serves as both an EPC contractor and asset-owning solar developer, distinguishing it from pure-turnkey peers.
GRE Renew Enertech firmographics
Firmographics- Name
- GRE Renew Enertech
- Legal name
- GRE Renew Enertech Limited
- Website
- https://greindia.com
- Company type
- Public
- Founded year
- 2014
- Operating status
- Ipo
- Headcount range
- 11–50 employees
- Short description
- GRE Renew Enertech is a Gujarat-based BSE SME-listed solar EPC company and LED lighting manufacturer that delivers rooftop and ground-mounted solar plants, plus OPEX/RESCO and PPA financing models, to industrial, commercial, and residential customers across India.
- Ownership category
- akta.pro rank
GRE Renew Enertech industry classification
Industry- Product category
- Solar EPC Services
- NAICS
- Solar Electric Power Generation (221114), Electric Lighting Equipment Manufacturing (33513), Electric Power Generation (22111)
- SIC
- Electric Lighting & Wiring Equipment (3640), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
- akta.pro secondary industries
- Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Street Lighting & Area Lighting EPC / Maintenance (EUAEACAH), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)
Keywords
Where GRE Renew Enertech is headquartered
LocationHeadquarters
- HQ city
- Mehsana
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
GRE Renew Enertech business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Solar EPC (Engineering, Procurement, Construction): One-time project-based revenue from designing, procuring equipment for, and constructing solar power plants. Includes both CAPEX model (customer owns asset) and turnkey project delivery for industrial and commercial clients.
- OPEX/RESCO (Solar-as-a-Service): Recurring revenue from operating solar plants owned by GRE. Customers pay pre-agreed tariff per unit of electricity consumed, typically under 15-25 year PPA contracts. GRE retains asset ownership and handles all O&M.
- Power Purchase Agreement (PPA): Revenue from selling solar-generated electricity to industrial/commercial customers at fixed tariffs under long-term agreements. Supports captive consumption, third-party sales, and discom sales models.
- LED Lighting Products: Revenue from manufacturing and selling energy-efficient LED lighting solutions for industrial, commercial, and residential applications.
- O&M Services: Ongoing operations and maintenance contracts for solar plants, including performance monitoring, preventive maintenance, cleaning, and warranty management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | CAPEX Model - Customer-owned solar asset |
| Subscription | Monthly | OPEX/RESCO Model - Zero upfront solar |
| Subscription | Monthly | PPA (Power Purchase Agreement) |
| Unit Pricing | Pay-as-you-go | LED Lighting Products |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
GRE Renew Enertech product offering
Product offeringCore offering
GRE Renew Enertech Limited is a solar EPC contractor and LED lighting manufacturer that designs, procures, constructs, and maintains rooftop and ground-mounted solar power plants (1 MW to 100+ MW) for industrial, commercial, and residential customers. The company also manufactures energy-efficient indoor and outdoor LED lighting products. Customers can engage through CAPEX (customer-owned), OPEX/RESCO (zero-upfront solar-as-a-service), or PPA (long-term power purchase agreement) models, with services spanning feasibility, regulatory approvals, installation, commissioning, and 24/7 O&M.
Product overview
GRE Renew Enertech Limited is a BSE SME-listed solar EPC company offering comprehensive renewable energy and LED lighting solutions. The product portfolio consists of two main solar verticals—GRE Rooftop Solar (covering industrial, commercial, and residential segments) and GRE Ground Mounted Solar (large-scale solar park development)—complemented by Power Purchase Agreement (PPA) services that enable zero-investment solar adoption. Additionally, the company offers LED lighting products under GRE Indoor LED Lighting and GRE Outdoor LED Lights brands. The company operates under flexible financing models including CAPEX (customer-owned assets) and OPEX/RESCO (solar-as-a-service), providing end-to-end services from feasibility studies through commissioning and long-term O&M operations.
Differentiator
Problem solved
Functional benefit
Products and services
- GRE Rooftop Solar
Quantifiable outcome
- Up to 100% reduction in monthly electricity bills for industrial customers
- +5 more outcomes
Companies that use GRE Renew Enertech
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles3 records
GRE Renew Enertech technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
GRE Renew Enertech partnerships and signals
Strategic signalScale indicators10 records
Recent moves7 records
Expansion highlights5 records
GRE Renew Enertech competitors and assessment
Company assessmentDirect peers
- Waaree Energies: India's largest solar PV module manufacturer and a major solar EPC developer offering rooftop, ground-mounted, and open-access solutions to industrial and commercial customers — directly comparable to GRE across both EPC delivery and module supply.
- Sterling and Wilson Renewable Energy: Large-scale solar EPC contractor with extensive utility-scale and C&I rooftop experience across India and globally — overlaps with GRE on multi-MW industrial solar park delivery and turnkey EPC.
- Fourth Partner Energy: Specialist distributed solar and RESCO/PPA operator serving Indian industrial and commercial customers under long-term agreements — direct competitor in the OPEX/RESCO segment GRE pursues.
- CleanMax Enviro Energy: Captive and open-access solar developer focused on Indian C&I customers under OPEX/RESCO and PPA models — directly comparable to GRE's recurring-revenue industrial solar business.
Broad incumbents
- Tata Power Solar Systems: Subsidiary of Tata Power offering end-to-end solar EPC, rooftop solutions, and module manufacturing with much larger scale and balance sheet — competes for the same enterprise and utility customers as GRE.
- Adani Solar: Vertically integrated solar manufacturer and EPC player within the Adani Group, active in utility-scale and C&I rooftop — a formidable competitor for industrial solar park mandates.
- Vikram Solar: Solar module manufacturer and EPC provider with strong C&I rooftop and ground-mounted offerings — competes on both equipment supply and turnkey EPC for industrial clients.
- Havells India: Large electrical equipment and LED lighting manufacturer with a strong distribution network across India — comparable to GRE's LED lighting vertical though operating at much greater scale and brand recognition.
Emerging players
- Orient Electric: Listed Indian lighting and consumer electrical brand with growing LED product portfolio — overlaps with GRE's LED lighting manufacturing segment for residential and commercial buyers.
- SunEdison Infrastructure (residual solar assets / Sunsure Energy): India-focused C&I solar developer using OPEX/RESCO and open-access models for industrial customers — comparable business model and customer profile to GRE's industrial PPA business.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
GRE Renew Enertech social profiles
Digital presenceGRE Renew Enertech compliance and trust
Trust signalCompliance1 record
GRE Renew Enertech financial estimates
Financial estimateRevenue estimate
Valuation estimate
GRE Renew Enertech leadership team
Management profileNumber of profiles
GRE Renew Enertech funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GRE Renew Enertech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GRE Renew Enertech
What does GRE Renew Enertech do?
GRE Renew Enertech Limited is a solar EPC contractor and LED lighting manufacturer that designs, procures, constructs, and maintains rooftop and ground-mounted solar power plants (1 MW to 100+ MW) for industrial, commercial, and residential customers. The company also manufactures energy-efficient indoor and outdoor LED lighting products. Customers can engage through CAPEX (customer-owned), OPEX/RESCO (zero-upfront solar-as-a-service), or PPA (long-term power purchase agreement) models, with services spanning feasibility, regulatory approvals, installation, commissioning, and 24/7 O&M.
Is GRE Renew Enertech a public or private company?
GRE Renew Enertech is a public company. It is classified as public and is currently ipo.
When was GRE Renew Enertech founded?
GRE Renew Enertech was founded in 2014. It employs 11 to 50 people.
Where is GRE Renew Enertech based?
GRE Renew Enertech is headquartered in Mehsana, India, in the Asia region.
How does GRE Renew Enertech make money?
Five revenue lines are on record. Solar EPC (Engineering, Procurement, Construction) is the primary driver. The others are OPEX/RESCO (Solar-as-a-Service), power Purchase Agreement (PPA), LED Lighting Products and O&M Services.
Who are GRE Renew Enertech's main competitors?
Direct peers on record are Waaree Energies, Sterling and Wilson Renewable Energy, Fourth Partner Energy and CleanMax Enviro Energy. Broad incumbents are Tata Power Solar Systems, Adani Solar, Vikram Solar and Havells India. Emerging players are Orient Electric and SunEdison Infrastructure (residual solar assets / Sunsure Energy).
Does GRE Renew Enertech have an API?
No public API is recorded for GRE Renew Enertech.
What industry is GRE Renew Enertech in?
GRE Renew Enertech's product category is Solar EPC Services. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System), with a secondary code of EUAEAAAG, Solar PV Power Plant EPC (Utility-Scale). Its NAICS code is 221114 and its SIC code is 3640.