Purshotam Group of Companies

Name

Purshotam Group of Companies

Legal name

Purshotam Profiles Pvt. Ltd.

Website

http://purshotamgroup.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Solar Module Mounting Structures

NAICS

Solar Electric Power Generation (221114)

akta.pro primary industry

Solar Mounting, Racking, Trackers & Structural BOS Manufacturing (EUAMAHAC)

Keywords

• Solar mounting structures
• Solar EPC services
• Floating solar systems
• Steel structural fabrication
• Module mounting manufacturing

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Solar Module Mounting Structure Sales: Manufacturing and selling solar module mounting structures including C-Sections, Hat-Sections, Lip-Sections, and various tube products. Revenue generated from direct sales to solar developers, EPC contractors, and project owners.
2. EPC Services: Engineering, Procurement, and Construction services for solar power generation systems, solar off-grid power plants, and solar power plants. Services include design, project execution, and operation & maintenance.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Purshotam Group manufactures solar module mounting structures—including C-Sections (Column, Rafter, bracings), Hat-Sections (Purlins), Lip-Sections, and Square/Rectangular/Circular Tubes—using Pre-Galvanized, Hot Dip Galvanized, HR, and PosMac steel. Through its Floatex Solar division it also produces floating solar plant structures, holding a 70-75% market share in India, and provides turnkey Engineering, Procurement, and Construction (EPC) services for solar power generation projects including design, project execution, and operations & maintenance.

Product overview

Purshotam Group of Companies operates as a diversified solar energy infrastructure company with three main product/service pillars: (1) Purshotam Profiles — manufacturing of solar module mounting structures (C-Sections, Hat-Sections, Lip-Sections, and Tubes in various steel grades including PosMac), serving as India's leading producer with 15 GW annual capacity; (2) Floatex Solar — a specialized sub-brand focused on floating solar plant development and manufacturing, commanding 70-75% market share; and (3) Solar EPC Services — comprehensive engineering, procurement, and construction services for utility-scale and rooftop solar installations. The group operates 9-12 manufacturing facilities across India (Ahmedabad, Ghaziabad, Noida, Jodhpur, Hyderabad) with a combined monthly production capacity of 25,000 MT.

Differentiator

Problem solved

Functional benefit

Brands

• Floatex Solar: A division/brand focused on manufacturing and developing Floating Solar Plants in India and globally, operating at www.floatexsolar.com

Products and services

• Module Mounting Structures (C-Sections, Hat-Sections, Lip-Sections) Steel structural components (C-Sections, Hat-Sections, Lip-Sections) used to mount and support solar PV modules in ground-mounted, rooftop, and floating solar installations. Manufactured in Pre-Galvanized, Hot Dip Galvanized, HR steel, and PosMac grades, and sold to solar developers, EPC contractors, and project owners.
• Structural Tubes (Square, Rectangular, Circular) Square, rectangular, and circular structural tubes in Pre-Galvanized, Hot Dip Galvanized, HR, and PosMac steel grades, used as structural elements within solar module mounting systems. Supplied to solar developers, EPCs, and project owners as part of the mounting structure portfolio.
• Floatex Solar Floating Solar Structures Floating solar plant structures designed for various water bodies and project sizes from 100 kWp to 100+ MWp. Purshotam Group holds approximately 70-75% market share in floating solar structure manufacturing in India through this sub-brand. Targeted at solar developers and EPC contractors executing floating solar projects.
• Solar EPC Services Turnkey Engineering, Procurement, and Construction services for solar power generation systems, including solar off-grid power plants and solar power plants, covering design, project execution, and operations & maintenance for rooftop, ground-mounted, and floating solar projects. Served to government bodies, educational institutions, C&I customers, and renewable energy companies (e.g., Mahindra Susten, DMRC, L&T Solar BU, Sterling & Wilson).

Quantifiable outcome

• 15 GW annual production capacity for solar module mounting structures
• +4 more outcomes

Named customers19 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

Four partnerships are on record, tiered strategic and core.

• Samsung C&TstrategicStrategic or Co-development PartnerStrategic partnership for solar project execution. Hero Future Energies CEO mentioned strategic partners like Samsung C&T in conjunction with Purshotam Profiles, indicating collaborative project execution capabilities.
• POSCOstrategicStrategic or Co-development PartnerStrategic raw material partnership. POSCO provides PosMac (POSCO Magnesium alloy coated steel) material used in manufacturing of solar mounting structures, enabling enhanced corrosion resistance and durability.
• SamtelstrategicStrategic or Co-development PartnerStrategic partnership mentioned in context of solar project execution. Samtel is referenced as a strategic partner alongside Samsung C&T and POSCO for providing differentiated capabilities.
• Floatex SolarcoreOthersFloatex Solar is a subsidiary entity focused on manufacturing and developing floating solar plants in India and globally. It is driven by initiatives and innovations for redefining solar installation methodologies.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Mahindra Susten: Mahindra Group's solar EPC and rooftop solar subsidiary, and a customer of Purshotam. Operates in the same Indian solar infrastructure value chain with overlapping customers among large developers and C&I clients.
• Array Technologies: One of the world's largest solar tracker manufacturers, listed in the US. Comparable to Purshotam as a global solar MMS/tracker manufacturer, but at much larger scale and with international market exposure.
• Sterling and Wilson Renewable Energy: One of India's largest solar EPC contractors and a customer of Purshotam for mounting structures. Comparable as a major Indian solar player operating across the same project pipeline, though its primary business is EPC services rather than MMS manufacturing.
• Tata Power Solar Systems: Tata Group's solar EPC and module manufacturing arm, operating in the same Indian utility-scale and rooftop solar market. Comparable as an established solar infrastructure incumbent with overlapping customer base among large developers and institutions.
• Jakson Group: Indian diversified energy and infrastructure company with a major solar EPC division, and a customer of Purshotam for a 150 MW solar project in Tamil Nadu. Comparable as a vertically integrated Indian solar EPC and infrastructure player.
• L&T Solar (Larsen & Toubro): Larsen & Toubro's solar business unit and a key customer of Purshotam for mounting structures. A much larger incumbent in the Indian solar EPC space, comparable as a major buyer and competitor in the broader solar infrastructure value chain.

Direct peers

• Vikram Solar: Indian solar module manufacturer and EPC contractor offering utility-scale and rooftop solar solutions. Comparable to Purshotam as an Indian solar value chain participant serving the same tier-1 developer and EPC customer base.
• Scorpius Tracker: India-based solar tracker and module mounting structure manufacturer. Direct competitor to Purshotam in the Indian solar MMS market, also a customer of the company for a 250 MW tracker project in Rajasthan.
• Waaree Energies: India's largest solar module manufacturer that has expanded into solar EPC and balance-of-system including mounting structures. Comparable to Purshotam as a vertically integrated Indian solar hardware provider with overlapping customer base among large developers.

Emerging players

• Fourth Partner Energy: Indian C&I and utility-scale solar EPC and rooftop solar developer, recently acquired by Reliance. Comparable to Purshotam as an emerging Indian solar infrastructure player, though focused on distributed solar and EPC services rather than MMS manufacturing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

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 Purshotam Group of Companies