Under the deal, Premier Energies will acquire a 51% equity stake in KSolare for around Rs 86.7 crore, while Syrma SGS will take the remaining 49% for roughly Rs 83.3 crore. Following completion, KSolare will become a subsidiary of Premier Energies. The companies formalised the transaction through a Share Purchase Agreement (SPA) and a Shareholders’ Agreement (SHA) on October 23, 2025. The acquisition is expected to close within 90 days, subject to regulatory approvals and customary closing conditions, Premier Energies said in a regulatory filing.
Founded in 2012, KSolare manufactures solar inverters and provides smart energy solutions for residential and commercial applications. The company operates a manufacturing facility in Pune with an annual production capacity of around 5,00,000 inverters, offering on-grid, off-grid, and hybrid models, primarily catering to the fast-growing residential solar segment.
KSolare reported a revenue of Rs 342 crore in FY25, up from Rs 226 crore in FY24 and Rs 145 crore in FY23. The acquisition aligns strategically with the PM Surya Ghar Muft Bijli Yojana, aimed at accelerating rooftop solar adoption nationwide.
For Premier Energies, one of India’s leading solar cell and module manufacturers, the move marks a diversification into the inverter segment, completing a critical link in the solar energy value chain. The company is expected to leverage its extensive distribution network to scale KSolare’s products domestically.
Meanwhile, Syrma SGS, known for its electronics manufacturing expertise, brings technical know-how and production synergies to the partnership. The joint acquisition is expected to strengthen India’s domestic renewable manufacturing ecosystem and enhance the availability of locally made, high-quality solar inverters.On the stock front, Premier Energies is down 20% year-to-date, while Syrma SGS has gained 22% over the same period.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)