Smart Solar Global

What Smart Solar Global does

Smart Solar Global (legal name: SmartSolar) is a privately held solar photovoltaic engineering, procurement, and construction (EPC) company founded in 2010 in Trivandrum, Kerala, India. The company designs, sells, and installs OnGrid, OffGrid, and Hybrid solar PV systems for residential and commercial customers, and operates as a licensed A Class 33KVA Extra High Tension (EHT) electrical contractor authorized to perform high-voltage installations. Core technology is conventional solar PV hardware (panels, inverters) bundled with energy management systems and supported by 10-year inverter and 30-year panel warranties, plus a complimentary 5-year Annual Maintenance Contract (AMC). The company reports cumulative project capacity exceeding 21 MWp across South India and the Gulf Cooperation Council (GCC) region, with 1,500+ customers served over 15 years.

The business model combines one-time hardware sales, professional installation services, recurring maintenance revenue via AMC, and facilitation of customer financing through partnerships with State Bank of India, Canara Bank, and Indian Overseas Bank, with interest rates starting at 7% per annum and EMIs from Rs 1,899. Go-to-market is sales-led and direct: phone outreach, website inquiries, on-site consultations, and project galleries on Instagram and YouTube. Customer segments are horizontal, split between residential homeowners (primary) and commercial enterprises. Operating geographies include three physical locations (Trivandrum HQ, Bangalore branch, Kannur service center) plus GCC consultancy engagements.

The company is founder-owned and bootstrapped, with no disclosed external funding. Leadership consists of founder and technical head Mrithunjan Babu (40+ years electrical experience, prior GCC tenure at Equate, KOC, and Keltron), Head of Marketing Alan Mrithunjayan Babu (IIM-B alumnus, Bureau Veritas-certified consultant), and Accounts and Operations Head Veena V Nair. The company's self-described differentiator is being the first team to successfully navigate Kerala's net metering policy, providing a regulatory and reputational first-mover position in the state's distributed solar market.

Name

Smart Solar Global

Legal name

SmartSolar

Website

https://smartsolarglobal.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Smart Solar Global is a Kerala-based licensed solar EPC company founded in 2010, designing and installing OnGrid, OffGrid, and Hybrid PV systems for residential and commercial customers across South India and the GCC, with 21 MWp+ completed and 1,500+ clients served.

Ownership category

akta.pro rank

Product category

Solar Power Systems Installation

NAICS

Solar Electric Power Generation (221114)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

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

akta.pro secondary industries

Solar Roofing & Roof-Mounted PV Systems (IMADAFAO), Solar Design, Engineering & Performance Software (PV Modeling, Digital Twins, Monitoring) (EUAMABAH), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)

Keywords

• Residential solar solutions
• Commercial solar installations
• Net metering systems
• Solar panel contracting
• Solar energy consulting

Headquarters

HQ city

Trivandrum

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Solar Equipment Sales: Sale of solar panels, inverters, and related equipment as one-time hardware purchases with associated warranties (10-year inverter warranty, 30-year panel warranty)
2. Installation Services: Professional installation of solar systems including site assessment, system design, and commissioning
3. Maintenance Services: 5-year AMC (Annual Maintenance Contract) included free with installations
4. Solar Financing: Facilitation of solar financing through partner banks (SBI, Canara Bank, IOB) with interest rates starting at 7% per annum and EMIs from Rs 1899/-

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Smart Solar Global designs, sells, and installs solar photovoltaic (PV) systems for residential and commercial customers across South India and the GCC. Offerings include OnGrid, Hybrid, and OffGrid configurations paired with energy management systems, professional installation by licensed A Class 33KVA EHT contractors, and facilitated financing through partner banks.

Product overview

Smart Solar Global offers a comprehensive portfolio of solar energy solutions centered on high-efficiency solar panel installations and energy management systems. The core offerings consist of Residential Solar Solutions and Commercial Solar Solutions (including consultancy services), complemented by three distinct system types: OnGrid, OffGrid, and Hybrid Solar Systems. The company provides end-to-end services from custom design and installation to ongoing support, with additional financing options to make solar accessible. With 15 years of experience and over 21 MWp of projects completed across South India and GCC regions, the company positions itself as a licensed A Class 33KVA EHT contractor offering warranties of 10 years for inverters and 30 years for panels, plus 5 years of complimentary AMC.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Solar Solutions

Quantifiable outcome

• EMI starting at Rs 1899/- making solar affordable
• +3 more outcomes

Named customers2 records

Segments2 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

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Waaree Energies: India's largest solar module manufacturer with a growing rooftop and C&I EPC business. Comparable as an EPC competitor in residential and commercial segments, with strong cost advantage from in-house module supply.
• Tata Power Solar Systems: Subsidiary of Tata Power delivering residential, commercial, and utility-scale solar EPC across India with national brand reach. Compares as the dominant broad incumbent in the same end markets.
• Adani Solar: Vertically integrated solar arm of the Adani Group covering module manufacturing through utility-scale and rooftop EPC. Comparable at the rooftop EPC level, but supported by manufacturing scale and project-finance capability SmartSolar lacks.
• Vikram Solar: Established solar PV manufacturer and EPC player with utility-scale and C&I capabilities. Comparable in EPC execution, particularly for ground-mount and large commercial projects across South India.
• Emmvee Photovoltaic Power: Indian solar module manufacturer and EPC provider active in rooftop and commercial projects. Comparable in southern India EPC execution with a manufacturing-supported cost structure.

Direct peers

• Freyr Energy: India-focused residential and small-commercial rooftop solar EPC with a tech-enabled sales motion and pan-India installer network. Directly comparable as a distributed rooftop solar installer targeting homeowners and SMBs in Tier-1/2 markets.
• SolarSquare: Mumbai-headquartered residential rooftop solar EPC serving Indian homeowners with bundled financing and installation services. Comparable as a brand-led rooftop solar installer competing for the same residential customer wallet and bank-financing relationships.
• Fourth Partner Energy: India-based distributed solar EPC and C&I rooftop solar developer with both turnkey EPC and own-asset operations. Comparable across C&I and SMB rooftop EPC, though operating at meaningfully larger scale.

Emerging players

• Loom Solar: India-focused solar equipment retailer and emerging EPC focused on residential and SME customers with direct-to-consumer marketing. Comparable as a digitally-led emerging player targeting the same homeowner base.

Regional players

• SunEdison Infrastructure: India-based distributed solar EPC focused on smaller commercial and institutional projects. Comparable as a regional EPC service provider even though its primary geographies and customer segments partially differ.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/smartsolar
• Xx.com/smartsolarglob
• Facebookfacebook.com/SmartSolarGlobal
• LinkedInlinkedin.com/company/smartsolarglobal

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Smart Solar Global