About GRE Renew Enertech Private Limited

Company Overview: GRE Renew Enertech Pvt. Ltd. specializes in providing eco-friendly, efficient, and high-quality LED and solar power products. The company boasts over 20 years of industry expertise and is recognized as one of India's leading providers of sustainable lighting and power solutions. They offer a wide range of products, including LED lighting, solar lighting, and various power products, catering to both residential and industrial sectors.

Key Achievements and Milestones:

1. 1999: Founded as GRE Electronics.
2. 2004: Expanded operations throughout Gujarat.
3. 2011: Established a subsidiary in the US market.
4. 2012: Entered the LED business.
5. 2018: Expanded into African markets.
6. 2019: Partnered with Indian Railways.
7. 2023: Recognized as the largest private sector solar park EPC company in Gujarat.

Business Verticals:

1. Solar EPC Business (95% of revenue): Designing, installing, and commissioning turnkey solar projects.
2. LED Lighting Business (5% of revenue): Manufacturing and supplying LED lighting products, primarily to government sectors.

Financial Performance and Projections:

1. Revenue Projections:
2. FY 24-25: INR 223 Cr.
3. FY 25-26: INR 384 Cr.
4. FY 26-27: INR 567 Cr.
5. FY 27-28: INR 900 Cr.
6. EBITDA Projections:
7. FY 24-25: INR 30 Cr.
8. FY 25-26: INR 71 Cr.
9. FY 26-27: INR 110 Cr.
10. FY 27-28: INR 161 Cr.
11. PAT Projections:
12. FY 24-25: INR 18 Cr.
13. FY 25-26: INR 27 Cr.
14. FY 26-27: INR 45 Cr.
15. FY 27-28: INR 76 Cr.

Project Highlights:

1. Over 1,100 projects implemented.
2. More than 25MW solar plants installed.
3. 7.5MW PPA signed and 40MW in the pipeline.
4. Major clients include Gajanand Spintex, Italia Ceramics, Versatile Glass Solutions, and Indian Railways.

Management Team:

1. Mr. Mukesh Trivedi (Vice President): Over 36 years of experience in marketing and public relations.
2. Mr. Kirtikumar Suthar (Co-founder, Director): 35 years of experience, oversees R&D, manufacturing, quality control, and service delivery.
3. Mr. Kamlesh Patel (Co-founder, Managing Director): Heads the solar business and overall operations, with expertise in product development, sourcing, and finance.

Future Plans and Utilization of Funds:

1. Setting up a new 20MW IPP setup with a total project cost of INR 80 Cr.
2. Equity component: INR 20 Cr. (25%)
3. Debt component: INR 60 Cr. (75%)
4. Meeting working capital requirements: INR 7 Cr.
5. Development of LED business products: INR 1 Cr.
6. General corporate expenses: INR 5 Cr.

Contact Information:

1. Factory & Registered Office: Plot No. 423, G.I.D.C-II, Dediyasan, Mehsana - 384002, Gujarat, India.
2. Branch Office: 710, 7th Floor, Times Square Arcade, Near Baghban Party Plot, Thaltej, Ahmedabad – 380059, Gujarat, India.
3. Website: www.greindia.com