Solgen Energy

What Solgen Energy does

Solgen Energy Private Limited is a Kerala-headquartered solar EPC (engineering, procurement, and construction) company incorporated in 2015 as a joint venture between Hykon India Ltd, an established power equipment manufacturer, and Elite Foods & Innovation Group. The firm designs, supplies, installs, and services rooftop and ground-mounted solar power systems across on-grid, off-grid, and hybrid configurations, supplemented by a smaller portfolio of solar street lights (mini masts) and aluminium mounting structures. Technology is conventional solar PV with two differentiating elements: first-mover adoption of micro-inverter technology in the Kerala rooftop segment and use of bifacial solar modules for higher energy yield.

The company sells primarily to residential, commercial, and industrial customers in South India, with project concentration in Kerala and a secondary regional office in Hyderabad serving Telangana. It operates as both the solution provider and installer, handling the full cycle from site survey and system design through installation, commissioning, and after-sales support, with a dedicated CRM channel for service enquiries. Pricing is quote-based and customised per project, augmented by a publicly available solar savings calculator on the company website.

Solgen Energy holds official Channel Partner status with India's MNRE (Ministry of New and Renewable Energy) since 2015-16 and Kerala's ANERT (Agency for Non-conventional Energy and Rural Technology) since 2016-17, and is empanelled with TEDA, TSREDCO, GEDA, MEDA, and IOCL. These certifications provide access to central and state-level rooftop solar subsidies and government tenders. The company markets itself primarily through its website, a project gallery, customer testimonials, and its regulatory empanelment credentials, and has accumulated multiple regional industry awards since 2015 alongside ISO 9001:2015 quality certification. Revenue, funding, and management-team details are not disclosed in the available source material.

Name

Solgen Energy

Legal name

Solgen Energy Private Limited

Website

https://solgenindia.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

Solgen Energy is a Kerala-headquartered solar EPC company, founded in 2015 as a joint venture of Hykon India Ltd and Elite Foods & Innovation Group, that designs, installs, and services on-grid, off-grid, and hybrid rooftop solar systems for residential, commercial, and industrial customers across South India.

Ownership category

akta.pro rank

Product category

Solar Energy Systems

akta.pro primary industry

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

akta.pro secondary industries

Solar Mounting, Racking, Trackers & Structural BOS Manufacturing (EUAMAHAC), Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ), Solar Inverters, Power Electronics & MLPE (String/Central Inverters, Optimizers, Microinverters) (EUAMABAE)

Keywords

• Solar panel installation
• Rooftop solar systems
• Solar power plants
• Solar street lighting
• Renewable energy solutions

Headquarters

HQ city

Thrissur

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Solar System Sales & Installation: Complete commercial, residential and industrial solar system sales including design, supply, and installation services. Revenue generated from on-grid power plants, off-grid power plants, hybrid solar power plants, mini masts (solar street lights), and aluminum mounting structures.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Solgen Energy manufactures, installs, and distributes solar energy solutions for residential, commercial, industrial, and government customers in India. Their product portfolio includes on-grid, off-grid, and hybrid solar power plants, solar street lights (mini masts), and aluminum mounting structures, with end-to-end service from design through after-sales support. The company operates primarily in Kerala and surrounding regions.

Product overview

Solgen Energy offers a portfolio of solar power solutions consisting of five core product categories: On Grid Power Plant (grid-connected systems with net metering), Off Grid Power Plant (battery-based standalone systems), Hybrid Solar Power Plant (combined grid and battery systems), Mini Masts (solar street lighting), and Aluminium Structures (mounting hardware). The company serves residential, commercial, and industrial segments, providing complete solar system design, installation, and maintenance services across Kerala, India.

Differentiator

Problem solved

Functional benefit

Products and services

• On Grid Power Plant Grid-connected solar power system that allows users to generate electricity from solar panels and export excess power back to the grid under net metering arrangements. Designed for residential, commercial, and industrial customers seeking to reduce electricity bills.
• Off Grid Power Plant Standalone solar power system with battery storage that operates independently from the electrical grid, suitable for remote locations or backup power needs.
• Hybrid Solar Power Plant Solar power system combining grid connectivity with battery storage, offering both grid export capabilities and backup power during outages.
• Mini Masts Solar street light systems featuring compact mast-mounted solar panels with integrated lighting for outdoor illumination applications. Suitable for public infrastructure and institutional customers.
• Aluminium Structures Solar panel mounting structures and stands made from aluminum for secure and durable installation on rooftops and ground-mounted systems.

Quantifiable outcome

• 99.9% customer satisfaction based on 750+ reviews and 6,154 completed projects

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Hykon India LtdcoreStrategic or Co-development PartnerHykon India Ltd is the parent company and joint venture partner in Solgen Energy. Hykon is described as being on a mission of powering the nation and has established itself as a power equipment manufacturer.
• Elite Foods & Innovation GroupcoreStrategic or Co-development PartnerJoint venture partner in Solgen Energy along with Hykon India Ltd. Contributes to the diversified business portfolio of the Solgen Energy venture.
• MNRE (Ministry of New and Renewable Energy)coreChannel Partner/ Reseller/ DistributorOfficial MNRE Channel Partner since 2015-16, enabling access to government solar schemes and subsidies for customers.
• ANERT (Agency for Non-conventional Energy and Rural Technology)coreChannel Partner/ Reseller/ DistributorOfficial ANERT Channel Partner since 2016-17, providing government-backed credibility and access to state-level solar initiatives in Kerala.
• TEDA (Telangana State Renewable Energy Development Agency)minorChannel Partner/ Reseller/ DistributorEmpanelled partner for solar initiatives in Telangana.
• GEDA (Gujarat Energy Development Agency)minorChannel Partner/ Reseller/ DistributorEmpanelled partner for solar initiatives in Gujarat.
• IOCL (Indian Oil Corporation Limited)minorChannel Partner/ Reseller/ DistributorEmpanelled partner for solar projects under Indian Oil.
• MEDA (Maharashtra Energy Development Agency)minorChannel Partner/ Reseller/ DistributorEmpanelled partner for solar initiatives in Maharashtra.
• TSREDCO (Telangana State Renewable Energy Development Corporation)minorChannel Partner/ Reseller/ DistributorEmpanelled partner for renewable energy projects in Telangana.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Tata Power Solar Systems: Tata Group's solar EPC arm and one of India's largest solar EPC companies, offering rooftop, C&I, and utility-scale solutions with multi-state presence. Directly competes with Solgen for C&I and residential rooftop contracts but at materially larger scale and balance sheet strength.
• Adani Solar: Adani Group's solar PV manufacturing and project development arm with pan-India scale and integrated upstream manufacturing. Comparable as a national competitor pursuing the same C&I, residential, and utility-scale solar markets that Solgen addresses.

Direct peers

• Waaree Energies: India's largest solar PV module manufacturer with a parallel EPC business serving rooftop, C&I, and utility-scale customers across India. Highly comparable: offers modules, mounting structures, and turnkey EPC that directly overlaps Solgen's product and service portfolio.
• Vikram Solar: Indian solar PV module manufacturer and EPC operator with residential, C&I, and utility-scale offerings across India. Comparable as a tier-1 Indian solar brand pursuing the same project types and customer segments as Solgen.
• Freyr Energy: Hyderabad-headquartered residential and small C&I rooftop solar EPC company serving multiple Indian states. Directly comparable: technology-led sales pitch, similar target customer profile, and overlaps with Solgen's Telangana (Hyderabad) regional office.
• Fourth Partner Energy: Indian distributed solar EPC and O&M company focused on C&I and rooftop customers across India. Comparable offering set and target customers, and especially relevant given Solgen's claimed multi-state empanelment footprint including Telangana.
• Orb Energy: Bengaluru-headquartered rooftop and C&I solar EPC and financing company with a strong South India footprint. Comparable geographic emphasis (South India) and customer segments where Solgen also operates, particularly Kerala's neighbouring states.
• Loom Solar: India-focused rooftop solar EPC and module distributor with a strong pan-India e-commerce and direct-to-consumer sales motion. Directly comparable: serves residential rooftop customers through a website-driven quote-to-install model, very similar to Solgen's primary GTM.
• Goldi Solar: Indian solar PV module manufacturer offering rooftop, C&I, and utility-scale EPC across India, including turnkey project execution. Comparable product/service model targeting India's growing rooftop solar demand at a similar tier of organization to Solgen.

Emerging players

• Insolation Energy (Anya Green): Mumbai-based rooftop solar EPC and SME-focused solar distribution company expanding across metro India. Comparable peer in the Indian rooftop solar EPC space, operating at a similar scale tier but with a different geographic centre of gravity than Solgen.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SolgenEnergyLtd
• Facebookfacebook.com/SolgenEnergyOfficial

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Solgen Energy