SunSpark Energy
SunSpark Energy is a Mumbai-based, privately held solar EPC and Power Purchase Agreement (PPA) provider serving Commercial and Industrial power consumers across 50 Indian cities with rooftop, on-site PPA, and off-site solar park solutions.
- Company typePrivate
- Founded1975
- HeadquartersMumbai, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What SunSpark Energy does
SunSpark Energy is a Mumbai-headquartered, privately held solar energy solutions provider founded in 1975, focused exclusively on Commercial and Industrial (C&I) power consumers across India. The company operates from a Nariman Point office (Mittal Tower, Mumbai 400021) with a field footprint spanning 50 Indian cities, a cumulative base of 700 completed projects, and 200 corporate clients—supported by an 11–50 employee team.
Its core offering is a three-product C&I solar platform: (1) Rooftop Solar — on-site EPC installations that let power consumers monetize rooftop space, save on electricity bills, and claim income tax benefits; (2) Solar PPA — a zero-upfront-capital model in which SunSpark invests, builds, owns, and operates an on-site solar plant under a long-term Power Purchase Agreement, with the client purchasing clean power at predetermined tariffs; and (3) Solar Parks — off-site solar plants built for clients with limited on-site space, supplying power through the local grid. The technology stack is assembled from global OEMs including ABB, SMA, Schneider Electric, Canadian Solar, Trina Solar, SolarEdge, Delta, Fronius, L&T, Hanwha, Longi, REC, Solis, and Larsen & Toubro, with end-to-end services covering design, construction, installation, and maintenance.
The business model combines one-time EPC revenue (rooftop installations) with recurring PPA revenue (multi-year, pre-tariffed electricity sales) and benefits from Indian tax policy—specifically the 40% accelerated depreciation on CapEx solar investments—and from C&I Renewable Purchase Obligations. Go-to-market is enterprise-led direct sales with free consultations, supported by a content-marketing and SEO-driven website funnel. The company is founder-led (Rikhav Parikh, Founder & CEO) and bootstrapped, with no disclosed institutional investment or funding rounds.
SunSpark Energy firmographics
Firmographics- Name
- SunSpark Energy
- Legal name
- SunSpark Energy
- Website
- https://sunsparkenergy.com
- Company type
- Private
- Founded year
- 1975
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SunSpark Energy is a Mumbai-based, privately held solar EPC and Power Purchase Agreement (PPA) provider serving Commercial and Industrial power consumers across 50 Indian cities with rooftop, on-site PPA, and off-site solar park solutions.
- Ownership category
- akta.pro rank
SunSpark Energy industry classification
Industry- Product category
- Solar EPC and Distributed Generation Services
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Electric Services (4911), 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 Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)
Keywords
Where SunSpark Energy is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
SunSpark Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Solar PPA Revenue: Long-term Power Purchase Agreement revenue model where SunSpark invests, builds, owns and operates on-site solar power plants. Industrial and Commercial clients commit to purchasing clean power at pre-determined tariffs over the contract period. This provides recurring revenue stream through electricity sales.
- Rooftop Solar Installations: One-time installation revenue from rooftop solar PV systems. Power consumers can monetize idle roof space by generating their own clean power, with potential for income tax benefits on investment.
- Accelerated Depreciation Benefits: Business investors in solar power plants can avail accelerated depreciation rate of 40% on capex investment, helping reduce income tax liability and boosting ROI. This incentivizes CapEx solar investments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Zero Investment PPA Model |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
SunSpark Energy product offering
Product offeringCore offering
SunSpark Energy designs, builds, owns, operates and maintains solar PV power plants for Commercial and Industrial power consumers across India. It delivers on-site rooftop solar installations under both CapEx and zero-upfront Power Purchase Agreement (PPA) models, and off-site solar parks that supply clean power through the local grid, providing end-to-end services from design and construction to long-term operations and maintenance.
Product overview
SunSpark Energy offers a unified portfolio of on-site and off-site solar energy solutions for Commercial and Industrial power consumers in India. The three core product offerings are: (1) Rooftop Solar - on-site rooftop PV systems enabling consumers to generate their own clean power with electricity bill savings and tax benefits; (2) Solar PPA - a zero-capital-expenditure model where SunSpark invests, builds, owns and operates on-site solar plants under long-term power purchase agreements; and (3) Solar Parks - off-site solar installations for clients with space constraints, supplying power through the local grid. The company provides end-to-end services from design and construction to installation and maintenance/support.
Differentiator
Problem solved
Functional benefit
Products and services
- Rooftop Solar On-site rooftop solar PV installation service for Commercial and Industrial power consumers in India. Enables clients to monetize idle rooftop space by generating clean power, reducing electricity bills and accessing income tax benefits on their investment.
- Solar PPA (Power Purchase Agreement) Zero-upfront-investment solar energy solution for Industrial and Commercial clients in India. SunSpark invests, builds, owns and operates an on-site solar power plant at no additional cost to the client; the client signs a long-term Power Purchase Agreement and purchases clean power at a pre-determined tariff.
- Solar Parks (Off-site Solutions) Off-site solar power plant solution for Industrial and Commercial power consumers in India with limited on-site space. SunSpark builds, owns and operates the solar park and supplies clean power to the client via the local grid.
Quantifiable outcome
- Cost reduction: Solar energy now cheaper than conventional coal power sources
- +3 more outcomes
Companies that use SunSpark Energy
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
SunSpark Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
SunSpark Energy partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core.
- ABBcoreGlobal technology leader providing solar inverters. ABB is renowned for reliable inverter technology and timely breakdown service, giving SunSpark access to industry-leading power conversion technology.
- Canadian SolarcoreLeading global solar panel manufacturer known for high-quality photovoltaic modules. SunSpark sources solar panels from Canadian Solar for installations across India.
- DeltacoreProvider of solar inverter solutions. Delta Electronics is known for energy-efficient power conversion technology used in solar installations.
- FroniuscorePremium solar inverter manufacturer known for quality and reliability. SunSpark partners with Fronius for high-performance inverter solutions.
- Larsen & ToubrocoreIndian engineering conglomerate providing power components. L&T's established reputation in India complements SunSpark's domestic operations.
- Hanwha SolarcoreSouth Korean solar panel manufacturer providing high-quality photovoltaic modules for solar installations.
- Longi SolarcoreLeading Chinese solar panel manufacturer specializing in monocrystalline silicon solar cells and modules.
- REC SolarcoreNorwegian solar panel manufacturer known for high-efficiency photovoltaic modules. REC is a global leader in sustainable solar technology.
- Schneider ElectriccoreGlobal specialist in energy management and automation providing power components for solar installations. Schneider Electric's global service network supports reliability.
- SMA Solar TechnologycoreGerman world leader in solar inverter technology. SMA inverters are known for efficiency and reliability in large-scale solar installations.
- SolarEdgecoreProvider of power optimizer technology for enhanced solar panel performance and monitoring. SolarEdge solutions improve energy yield and system diagnostics.
- Solis (Ginlong Technologies)coreChinese solar inverter manufacturer providing cost-effective inverter solutions. Solis is one of the largest string inverter producers globally.
- Trina SolarcoreChinese solar module manufacturer and one of the world's largest solar companies. Trina Solar provides reliable photovoltaic modules for projects.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
SunSpark Energy competitors and assessment
Company assessmentBroad incumbents
- Tata Power Solar: Larger, established Indian solar player within the Tata group, offering rooftop, EPC, and utility-scale solutions to C&I customers; broader portfolio but overlapping customer base.
- Adani Solar: Vertically integrated solar manufacturer and developer within the Adani group, active in rooftop and C&I solar across India; competes broadly with SunSpark via scale and brand.
- Hero Future Energies: Renewables developer with utility-scale and C&I solar exposure in India; overlapping corporate customer segment though larger and more utility-weighted than SunSpark.
- Sterling and Wilson Solar: Large Indian solar EPC contractor with utility-scale heritage now expanding into C&I rooftop and storage; comparable EPC execution model for SunSpark's C&I projects.
Direct peers
- Fourth Partner Energy: Direct India C&I solar PPA and rooftop peer; competes head-to-head with SunSpark in zero-upfront on-site and off-site solar solutions for commercial and industrial clients.
- Freyr Energy: Distributed solar provider for C&I and commercial customers in India offering rooftop and small-scale PPA products, comparable in customer profile and product breadth.
- CleanMax Solar: Leading Indian C&I-focused solar PPA developer operating rooftop and open-access solar models, overlapping directly with SunSpark's three-pillar offering for corporate customers.
- Amplus Solar: India C&I solar specialist providing rooftop, PPA, and open-access solutions to commercial and industrial clients, with a comparable customer base and delivery model.
- Orb Energy: India-focused rooftop and C&I solar provider delivering PV systems and PPA-style financing to commercial and industrial customers, similar in segment and execution style.
Emerging players
- Ampin Energy Transition: India-focused C&I renewable energy provider offering PPA-based solar and storage solutions to industrial clients; a more recent entrant addressing the same customer pain points.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
SunSpark Energy social profiles
Digital presenceSunSpark Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
SunSpark Energy leadership team
Management profileNumber of profiles
Profiles1 record
SunSpark Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SunSpark Energy 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 SunSpark Energy
What does SunSpark Energy do?
SunSpark Energy designs, builds, owns, operates and maintains solar PV power plants for Commercial and Industrial power consumers across India. It delivers on-site rooftop solar installations under both CapEx and zero-upfront Power Purchase Agreement (PPA) models, and off-site solar parks that supply clean power through the local grid, providing end-to-end services from design and construction to long-term operations and maintenance.
Is SunSpark Energy a public or private company?
SunSpark Energy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was SunSpark Energy founded?
SunSpark Energy was founded in 1975. It employs 11 to 50 people.
Where is SunSpark Energy based?
SunSpark Energy is headquartered in Mumbai, India, in the Asia region.
How does SunSpark Energy make money?
Three revenue lines are on record. Solar PPA Revenue is the primary driver. The others are rooftop Solar Installations and accelerated Depreciation Benefits.
Who are SunSpark Energy's main competitors?
Broad incumbents on record are Tata Power Solar, Adani Solar, Hero Future Energies and Sterling and Wilson Solar. Direct peers are Fourth Partner Energy, Freyr Energy, CleanMax Solar, Amplus Solar and Orb Energy. Ampin Energy Transition is listed as an emerging player.
Does SunSpark Energy have an API?
No public API is recorded for SunSpark Energy.
What industry is SunSpark Energy in?
SunSpark Energy's product category is Solar EPC and Distributed Generation Services. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System), with a secondary code of EUAMABAJ, Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization). Its NAICS code is 221114 and its SIC code is 4911.