GP Eco Solutions India Ltd – Company Report
1. Company Overview
GP Eco Solutions India Ltd, founded in 2010 and headquartered in Noida, Uttar Pradesh, is an emerging leader in the Indian solar energy and renewable power distribution sector. The company is listed on the NSE and has carved a niche as a “one-stop solution” provider, focusing on the distribution, engineering, procurement, and construction (EPC) of solar products and systems. GP Eco Solutions is recognized for delivering advanced, high-quality solar components directly to consumers and businesses through an extensive network of channel partners, integrators, and installers. The company is ISO 9001:2015 certified and champions the adoption of sustainable and eco-friendly energy solutions across India.
GP Eco Solutions’ business strategy emphasizes robust R&D, innovative product development, and on-time delivery, supported by strategically located warehouses. The company's mission aligns with India’s leap towards sustainability by mitigating emissions and supporting the transition to clean energy.
- Incorporated: 2010
- Headquarters: Noida, Uttar Pradesh, India
- Public Listing: NSE
- Employees: 51–200
- Certifications: ISO 9001:2015
- Key Leadership: Deepak Pandey (Managing Director)
- Subsidiary: Invergy India Private Limited
- Notable: Signed a landmark MoU with the Government of Madhya Pradesh in February 2025 for a ₹1,000 crore solar manufacturing investment
2. Products and Services
Solar Energy Products:
- Solar panels (mono, polycrystalline; distribution partnerships with LONGi, Saatvik)
- Solar inverters (authorized dealer for Sungrow)
- ACDB, DCDB, combiner boxes, solar mounting structures, and related system components
Invergy Brand (Proprietary):
- Hybrid solar inverters
- Lithium ferro-phosphate (LFP) batteries
- OEM manufacturing of hybrid and battery storage solutions
Engineering, Procurement & Construction (EPC):
- Rooftop and ground-mount solar projects
- Residential, commercial, and industrial applications
- Site assessment, system design, installation, O&M services
Consultancy and Energy Management:
- Solar site analysis and design optimization
- Energy portfolio advisory
- Pre-construction and lifecycle project consulting
Distribution & Logistics:
- Extensive dealer/distributor network
- Warehousing and on-time delivery across India
3. Recent News & Business Developments
Landmark EPC Turnkey Contract (Mar 2025): Awarded ₹300 crore contract for a 128 MWp ground-mounted solar power project. To be executed in three phases:
- 40 MWp + 40 MWp + 48 MWp
- Completion expected in 18–24 months.
KUSUM Scheme – UP Project (May 2025): Awarded LOI with order value ₹65.52 crore from Synergy Wave System LLP for solar power plants under Component C (Feeder Level Solarization):
- Bhamora: 3.12 MW (₹12.48 crore)
- Fatehganj: 3.25 MW (₹13.00 crore)
- Aonla: 4.94 MW (₹19.76 crore)
- Punnapur: 5.07 MW (₹20.28 crore)
Paradip Port Authority Project (May 2025): Contract from Braithwaite & Co. Ltd. worth ₹50.52 crore for a 12 MWp SPV plant at Paradip Port. Project timeline: May 2025 to February 2026 Includes 10 years of Operations & Maintenance
MoU with Madhya Pradesh Government (Feb 2025): Signed for a ₹1,000 crore investment to develop a 5GW solar panel and 2GW solar cell manufacturing facility by FY2028.
EPC Order from Welkin Renewable (July 2025): ₹121.29 crore order for a 24 MWac / 31.67 MWdc ground-mounted solar plant in Punjab. Target completion by March 2026.
Secures Approval for ₹350 Crore Solar Power Project (Aug 2025): GP Eco Solutions India Limited has received approval for a 100 MW solar power project with an estimated cost of ₹350.00 crores. The project will connect to the grid at a 220 KV level.
MOU with Shenzhen Sinexcel (Sep 2025): GP Eco Solutions India Ltd subsidiary Invergy India signed a multi-year supply contract with Shenzhen Sinexcel. The deal, finalized during the RE+ Exhibition in Las Vegas, secures advanced BESS testing equipment for India’s largest 3 GWh BESS facility.
4. Financial Performance (FY2025)
| Metric | FY2025 | FY2024 | Growth |
|---|---|---|---|
| Total Revenue | ₹240 crore | ₹136 crore | +76.5% |
| EBITDA | ₹16.9 crore | ₹12.3 crore | +37.4% |
| Net Profit (PAT) | ₹10.25 crore | ₹7.03 crore | — |
| Operating Profit Margin | 6% | — | — |
| EPS | ₹8.75 | — | — |
| ROE | 25.7% | — | — |
| Dividend | Not declared | — | — |