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Issue Date:Oct 31 2017 12:00AM     Price in Rs. R 6500    Price in USD. $ 100

Gwalior, Madhya Pradesh based Vivaan Solar Pvt Ltd is in the renewable energy business.  It undertakes engineering procurement and construction activities for the installation of solar power plants located in Madhya Pradesh, Uttar Pradesh, Uttarakhand, Delhi, Karnataka and Punjab. It claims to be among the top solar rooftop solutions providers. It also has a few small projects where it is producing solar power as an IPP.


The company was incorporated in July 2010. It has 3 directors – Mudit Garg, Amit Bansal, Anshuman Mundhra.


For the year ended Mar’16, the company reported standalone revenue of INR 1.5B (~USD 36m) and net profit of INR 76m (USD 1.2m).  With leverage of less than 1x, the company’s financial position appears comfortable.

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