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Syrma, Premier Energies to acquire 100% ownership of KSolare Energy

24 Oct 2025 Evaluate

Syrma SGS Technology and Premier Energies have entered into definitive agreements to acquire 100% ownership of KSolare Energy, a leading solar inverter manufacturer, in the ratio of 51:49 respectively for a total consideration of Rs 170 crore. 

The acquisition marks Premier Energies and Syrma SGS’s foray into the fast-growing residential solar inverter segment, aligned with the Government of India’s PM Surya Ghar Muft Bijli Yojana. The joint-venture plans to set up a new brownfield manufacturing facility in Pune to scale up production capacity to one million inverters annually. The business will benefit from Premier Energies extensive sales and distribution network in the solar sector and Syrma SGS’s expertise in electronics manufacturing. Mr. Sunil Sinnarkar, Founder and Managing Director of KSolare, will take on the position of Executive Director in the combined business to ensure a smooth transition.

Syrma SGS Technology is a technology-focussed engineering and design company engaged in turnkey electronics manufacturing services (EMS), specialising in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.


Syrma SGS Technology Share Price

1255.20 53.65 (4.47%)
09-Jun-2026 16:59 View Price Chart
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