Premier Energies to acquire 51% stake in KSolare Energy for ₹86.7 crore

Premier Energies Ltd said on Thursday that its board has approved the acquisition of a 51% stake in Pune-based KSolare Energy Pvt Ltd for about ₹86.7 crore, marking its entry into the solar inverter manufacturing segment.

The acquisition was approved at the company’s board meeting held on Oct 23, 2025, Premier Energies said in a stock exchange filing. Post-transaction, KSolare will become a subsidiary of Premier Energies, while Syrma SGS Technologies Ltd will acquire the remaining 49% stake for about ₹83.3 crore.

KSolare, incorporated in 2012, manufactures on-grid, off-grid, and hybrid solar inverters and provides smart energy solutions. The company operates a production facility in Pune with an annual capacity of 500,000 inverters and reported revenue of ₹342 crore in fiscal 2025, up from ₹226 crore in FY24 and ₹145 crore in FY23.

Premier Energies said the acquisition will allow it to expand into the fast-growing residential solar inverter market, aligned with the government’s PM Surya Ghar Muft Bijli Yojana initiative. “This investment represents a pivotal step in strengthening India’s domestic manufacturing ecosystem and advancing clean energy goals,” the company said.

The transaction will be completed in cash and is expected to close within 90 days, subject to customary closing conditions.

Under the share purchase and shareholders’ agreements signed on Oct. 23, Premier Energies and Syrma SGS will jointly manage the business, each appointing two directors to KSolare’s board, with Premier Energies holding the right to name the chairman.Read about our editorial guidelines and ethics policy