Premier Energies Ltd & Syrma SGS Technologies Ltd to acquire KSolare Energy Pvt Ltd
DSIJ Intelligence-1 / 24 Oct 2025/ Categories: Mindshare, Trending
The stock is up by 42.2 per cent from its 52-week low is Rs 755.55 per share.
Premier Energies Limited (PEL) and Syrma SGS Technologies Ltd have approved the joint acquisition of KSolare Energy Private Limited for a total cash consideration of Rs 170 crore. PEL will acquire a 51 per cent stake for approximately Rs 86.7 crores, making KSolare its subsidiary. Syrma SGS will co-acquire the remaining 49 per cent for about Rs 83.3 crore. KSolare, established in 2012, is a Pune-based manufacturer specialising in a wide range of solar inverters, including on-grid, off-grid and hybrid models, mainly catering to the residential market.
This strategic move is designed to propel Premier Energies into the fast-growing residential solar inverter segment, capitalising on the momentum generated by the Government of India’s PM Surya Ghar Muft Bijli Yojana. KSolare's business, which has shown strong growth with fiscal year 2025 revenue of Rs 342 crores, is expected to benefit significantly by leveraging Premier Energies' extensive sales and distribution network. The acquisition is a crucial step towards strengthening India's domestic manufacturing ecosystem for clean energy components.
The transaction, which does not involve any related parties, is structured through a Share Purchase Agreement (SPA) and a Shareholders’ Agreement (SHA) to govern the joint venture, with PEL holding the right to appoint the chairman. The indicative timeframe for the acquisition's completion, subject to customary conditions, is within 90 days from the agreement's execution date of October 23, 2025. This deal highlights the partners' commitment to making high-quality, Indian-made inverters readily available for rooftop solar installations under the national initiative.
About the Company
Premier Energies is a publicly listed company and one of the largest integrated solar manufacturers in India. With a proven track record of 30 years in the solar business, the company is known for its focus on technology innovation, sustainability and employee-centric culture. It holds the distinction of receiving a Great Place to Work certification for four consecutive years.
Premier Energies Limited has a market capitalisation of more than Rs 48,000 crore and as of June 30, 2025, the Order Book stands at Rs 8,603 crore. The company’s PE is 50x, its ROE is 54 per cent and its ROCE is 42 per cent. The stock is up by 42.2 per cent from its 52-week low is Rs 755.55 per share.
Disclaimer: The article is for informational purposes only and not investment advice.