Prozeal Green Energy Limited

What Prozeal Green Energy Limited does

Prozeal Green Energy Limited is an Ahmedabad-headquartered renewable energy company founded in 2013, operating as both an Engineering, Procurement and Construction (EPC) contractor and Independent Power Producer (IPP) across India. The company delivers end-to-end clean energy solutions spanning solar EPC, wind-solar hybrid projects, Battery Energy Storage Systems (BESS), green hydrogen and ammonia, and EV charging infrastructure, serving commercial and industrial enterprises as well as government and PSU clients. As of FY24 it reported revenue of Rs 953.89 crore and profit after tax of Rs 92.24 crore, with 783.98 MWp of commissioned capacity across 182 completed projects in 17 Indian states.

The company monetizes through fixed-price EPC contracts billed on a project-by-project basis, long-term Power Purchase Agreements under its IPP model, 10-year bundled Operations and Maintenance contracts, usage-based EV charging services, and emerging BESS and green hydrogen deployments. Go-to-market is direct enterprise sales targeting C&I decision-makers and competitive bidding for government/PSU tenders, evidenced by marquee wins with ONGC (Rs 2,000+ crore wind mandate) and Grasim Industries (USD 100 million hybrid PPA). International expansion is underway through the Prozeal Green Energy Nepal joint venture with Golyan Power (500+ MW target) and a European subsidiary in Portugal. Technology differentiation rests on ISO 9001/14001/45001-certified processes, proprietary robotic dry-cleaning systems for solar panels, and in-house capabilities spanning project development through asset-level O&M; the company is SEBI-approved for a Rs 700 crore IPO planned for Q2 FY27.

Name

Prozeal Green Energy Limited

Legal name

Prozeal Green Energy Limited

Website

https://prozealgreen.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

251–500 employees

Short description

Prozeal Green Energy Limited is an Ahmedabad-based renewable energy EPC and IPP company founded in 2013, delivering end-to-end solar, wind-hybrid, BESS, green hydrogen, and EV charging solutions to commercial, industrial, and government clients across India, Nepal, and Europe.

Ownership category

akta.pro rank

Product category

Renewable Energy EPC & IPP Services

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

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

akta.pro secondary industries

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• Solar EPC services
• Wind-solar hybrid projects
• Battery energy storage
• Green hydrogen solutions
• EV charging infrastructure

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Solar EPC (Engineering, Procurement, and Construction): Prozeal serves as the primary EPC contractor for solar projects, managing end-to-end execution from ideation to commissioning. Revenue is generated on a project-by-project basis through fixed-price contracts with commercial, industrial, and government clients. This is the company's core revenue driver, accounting for its position as India's fourth-largest solar EPC provider with 182 completed projects and 783.98 MWp of commissioned capacity.
2. Renewable Energy IPP (Independent Power Producer): Prozeal operates as an IPP, developing and retaining ownership of renewable energy assets that generate recurring revenue through power sale agreements (PPAs) with offtakers. The company also sells power from these assets under long-term contractual arrangements.
3. O&M (Operations and Maintenance) Contracts: Prozeal provides comprehensive 10-year operations and maintenance services for commissioned projects, generating recurring service revenue. The ONGC wind project includes a 10-year O&M contract valued as part of the overall project mandate.
4. BESS (Battery Energy Storage Systems) Solutions: Prozeal offers BESS solutions as part of its diversified portfolio, including integrated solar-plus-storage projects such as the SECI 25 MW/50 MWp project with 20 MW/50 MWh BESS in Taru, Leh.
5. EV Charging Infrastructure: Prozeal develops and operates EV public charging stations, including the operation of charging infrastructure in Surat, Gujarat. Revenue is generated through EV charging services rendered to electric vehicle owners.
6. Wind-Solar Hybrid Solutions: Prozeal delivers wind-solar hybrid projects combining wind and solar generation to provide consistent renewable power. The Grasim Industries 70 MW wind-solar hybrid project exemplifies this revenue stream.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Prozeal Green Energy provides end-to-end Engineering, Procurement, and Construction (EPC) services for utility-scale and rooftop solar power plants, wind-solar hybrid projects, Battery Energy Storage Systems (BESS), Green Hydrogen & Ammonia solutions, and EV charging infrastructure. The company also operates as an Independent Power Producer (IPP), developing and retaining ownership of renewable energy assets with long-term Power Purchase Agreements, and provides 10-year Operations & Maintenance contracts for commissioned projects.

Product overview

Prozeal Green Energy Limited is India's largest solar EPC company offering an integrated portfolio of six core renewable energy services. The portfolio centers on Solar EPC (the foundational service providing end-to-end solar power plant construction), complemented by Wind & Solar Hybrid solutions that combine wind and solar generation for reliable power delivery. The company also operates as an Independent Power Producer (Solar IPP) for long-term power generation, while BESS (Battery Energy Storage Solutions) enables advanced energy storage for grid stability. Emerging capabilities include Green Hydrogen & Ammonia production for industrial decarbonization, and EV Infrastructure providing electric vehicle charging stations. The company serves commercial, industrial, and government clients across 17 Indian states with projects in Nepal, maintaining a 900+ MWp order book as of 2024.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar EPC End-to-end solar Engineering, Procurement, and Construction services delivering solar power plants from ideation through commissioning, serving commercial, industrial, and government clients across India. Prozeal is India's fourth-largest solar EPC provider.
• Wind & Solar Hybrid Hybrid renewable energy solutions combining wind and solar power generation to deliver reliable and consistent renewable energy output, maximizing renewable energy efficiency through complementary generation profiles. Example projects include the 70 MW Grasim Industries Wind-Solar Hybrid Project valued at USD 100 Million.
• Solar IPP (Independent Power Producer) Independent Power Producer services developing and operating solar power projects for long-term power generation and sale to commercial and industrial consumers via long-term Power Purchase Agreements, with Prozeal retaining asset ownership.
• BESS (Battery Energy Storage Solutions) Battery Energy Storage Solutions enabling advanced storage capabilities for renewable energy, providing grid stability and round-the-clock clean power supply. Includes integrated solar-plus-storage projects such as the 20 MW/50 MWh BESS at Taru, Leh.
• Green Hydrogen & Ammonia Green hydrogen and ammonia production solutions harnessing renewable energy to produce clean hydrogen fuel for industrial and transportation applications, supporting decarbonization of hard-to-abate sectors.
• EV Charging Infrastructure Electric vehicle charging infrastructure providing smart, scalable, and sustainable EV charging solutions, including end-to-end EV charging station deployment and operations such as Prozeal's public charging stations in Surat, Gujarat.

Quantifiable outcome

• Water savings of 2.2 Crore Liters annually through proprietary dry cleaning systems on a 75 MWp project
• +5 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core, minor and major.

• Oil and Natural Gas Corporation Ltd. (ONGC)coreStrategic or Co-development Partner · 11 June 2026ONGC awarded Prozeal a Rs 2,000+ crore contract to set up 250 MW of captive, ISTS-connected wind power projects in India. The mandate includes end-to-end project execution and a comprehensive 10-year operations and maintenance contract. This project marks Prozeal's entry into the utility-scale wind energy segment.
• Grasim Industries LimitedcoreStrategic or Co-development Partner · 8 November 2025Prozeal signed a Power Purchase Agreement with Grasim Industries for a 70 MW Wind-Solar Hybrid Project (49.50 MW in Gujarat + 20.50 MW in Andhra Pradesh) with an estimated project value of USD 100 Million. The collaboration integrates solar, wind, BESS, and green hydrogen solutions for industrial clean energy adoption.
• Golyan Power (Golyan Group)coreStrategic or Co-development Partner · 23 January 2025Prozeal Green Energy formed a joint venture with Golyan Power called 'Prozeal Green Energy Nepal' to develop renewable energy projects in Nepal. The JV aims to install over 500 MW of solar energy projects across Nepal within 24 months. The joint venture was officially launched at the Prozeal Green Energy Summit 2025 in Kathmandu, with support from Nepal's Electricity Regulatory Commission (ERC) and IPPAN.
• Meghmani Organics LimitedminorChannel Partner/ Reseller/ Distributor · 13 January 2025Meghmani Organics executed an agreement with Prozeal's subsidiary (Pro-Zeal Green Power Fifteen Private Limited) to source 3.30 MW of Wind-Solar Hybrid power as a captive consumer. Meghmani proposes to invest Rs 3.63 crore for subscription of a minimum 26% stake in the power producer, with subscription to be completed within 6 to 9 months.
• Cricket IrelandminorGTM or Marketing Partner · 18 August 2023Prozeal Green Energy partnered with Cricket Ireland for the India vs Ireland T20 cricket series. The partnership promotes renewable energy and sustainability principles within the realm of sports, serving as a brand visibility and marketing initiative.
• Solar Energy Corporation of India (SECI)majorStrategic or Co-development PartnerSECI partnered with Prozeal Green Energy for a 25 MW/50 MWp solar project with a 20 MW/50 MWh Battery Energy Storage System (BESS) in Taru, Leh. This project demonstrates Prozeal's capabilities in solar-plus-storage solutions for challenging geographies.

Scale indicators12 records

Recent moves9 records

Expansion highlights7 records

Broad incumbents

• Greenko Group: Major Indian renewable IPP with solar, wind, and storage assets. Comparable in IPP and hybrid solutions, though more focused on utility-scale generation than EPC execution for C&I clients.
• ReNew Power: One of India's largest renewable IPPs with significant solar and wind capacity. Competes with Prozeal's IPP business and increasingly in EPC, but operates at a much larger scale across utility-scale projects.
• Adani Solar: Adani Group's solar manufacturing, EPC, and IPP arm and a dominant force in India's renewable buildout. Competes with Prozeal for large-scale tenders but at much larger scale and with vertically integrated module manufacturing.

Direct peers

• Waaree Energies: Indian solar module manufacturer and EPC player with utility-scale project execution capability. Competes across the same value chain as Prozeal and has recently expanded into IPP, BESS, and EPC services.
• Mahindra Susten: Mahindra Group's renewable energy arm offering solar EPC, IPP, and BESS solutions. Competes directly with Prozeal in utility-scale and C&I solar execution with strong brand and balance sheet.
• Jakson Group (Jakson Power): Indian energy and infrastructure group with solar EPC, BESS, and IPP offerings serving C&I and government clients. Comparable in diversified renewable services portfolio and project execution scale.
• Tata Power Solar Systems: Tata Group's solar EPC subsidiary offering utility-scale, rooftop, and IPP solutions. Competes directly for C&I and government tenders; similar end-to-end service model with stronger parent brand and balance sheet backing.
• Fourth Partner Energy (Light Source): Specialized C&I-focused solar EPC and IPP company backed by global investors. Directly comparable in customer segment (commercial and industrial) and in combining distributed solar EPC with own-asset IPP business.
• Sterling and Wilson Renewable Energy: One of India's largest solar EPC contractors with utility-scale and global project execution. Direct competitor for large-scale solar tenders including government and PSU contracts, making it the closest comparable to Prozeal in terms of business model and customer base.

Emerging players

• Vikram Solar: Solar module manufacturer expanding into EPC and IPP services. Comparable in growing project execution capabilities and customer segments, though smaller EPC track record than Prozeal.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ProzealGreen
• YouTubeyoutube.com/channel/UCY0xFOjIGuwQlIBq5wCjxrA
• Facebookfacebook.com/ProzealInfra502
• LinkedInin.linkedin.com/company/prozeal-green-energy
• Instagraminstagram.com/prozeal.green

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Prozeal Green Energy Limited