Syrma SGS technology acquires stake in KSolare Energy for solar inverter market entry

Syrma SGS Technology Limited and Premier Energies Limited have entered into definitive agreements to acquire 100% ownership of KSolare Energy Private Limited for a total consideration of INR 170 crore. Syrma SGS will acquire a 49% equity stake for approximately INR 83.3 crore, with Premier Energies acquiring the remaining 51% for approximately INR 86.7 crore. KSolare, established in 2012, specializes in manufacturing solar inverters and reported a turnover of INR 342 crore in FY2025.

This acquisition marks Syrma SGS's foray into the fast-growing residential solar inverter segment, aligning with the Government of India's PM Surya Ghar Muft Bijli Yojana. The joint venture plans to establish a new brownfield manufacturing facility in Pune, aiming to scale annual production capacity to one million inverters. The transaction is at arm's length and is expected to be completed within 90 days.

The board of directors of Syrma SGS Technology approved the acquisition on October 23, 2025. This move leverages Syrma SGS's electronics manufacturing expertise and Premier Energies' distribution network in the solar sector.