Company Intelligence Profile
Aerem Solutions Private Limited
Mumbai-based solar-fintech platform providing financing, equipment marketplace, and monitoring tools for rooftop solar adoption across India.
Last updated 20 August 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Aerem Solutions Private Limited |
|---|---|
| CIN | U74110MH2018PTC313493 |
| PAN | AARCA2601H |
| Status | Active |
| Listing | Unlisted (DPIIT-recognised startup) |
| Incorporated | 04 September 2018 |
| ROC | RoC Mumbai / Maharashtra |
| Sector (NIC) | Sector: Internet / Online Financial Services (solar financing fintech). NIC activity codes cited by TheCompanyCheck: J8 – Other information & communication service activities; G2 – Retail trading. Note: original CIN activity code (U74110 = legal/business services) appears to be a boilerplate MCA classification, not reflective of actual solar-fintech business — flagged as a likely classification artifact, not a data conflict. |
| Registered address | R City Offices, 8th Floor, LBS Marg, Ghatkopar (West), Mumbai, Maharashtra 400086 |
| Authorized capital | Conflicting figures across sources: Tofler ₹5.6 Cr |
| Paid-up capital | Conflicting figures: Tofler ₹5.27–5.3 Cr; treat TheCompanyCheck (dated to latest balance sheet) as most current. |
Business Overview
Confirmed- Aerem is a solar technology and financing fintech platform in India covering: solar financing (loans for businesses, residential customers and EPC/solar equipment providers), an equipment marketplace ("SunStore"), a performance-monitoring platform ("AeROC"), design/engineering support, and supply-chain financing for solar installers
- Company site (aerem.co) claims 1.5GW+ solar enabled, 5,500+ EPC partners, 2,000+ projects financed, 15bn+ lifetime energy units
- Source: aerem.co (official site — confirmed)
Directors
Partial / conflictingConfirmed (Tofler + TheCompanyCheck agree on names/appointment dates; DINs from Tofler only — partial corroboration):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Anand Rajkumar Jain | 03099390 | - | - |
| Rahul Janardan Sankhe | 02890888 | - | - |
| Vikesh Pawan Kumar Agrawal | 06703037 | - | - |
GST Registration
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 27AARCA2601H1ZS | Maharashtra | AARCA2601H (derived from GSTIN 27AARCA2601H1ZS per standard GSTIN structure; not independently confirmed on a dedicated PAN page — partial) | Active |
Primary GSTIN: 27AARCA2601H1ZS (Maharashtra, state code 27), registered 24 Apr 2019, status Active/Regular, constitution Private Limited Company. Principal place of business: 8th Floor, R-City Offices/Boulevard-3, LBS Marg, Ghatkopar West, Mumbai 400086. Confirmed by 2 independent sources (KnowYourGST, PiceApp) plus Tracxn mention. PAN embedded in GSTIN: AARCA2601H. Number of total registrations across states: not obtained.
Financials
Partial / conflictingFY2024-25 (year ended 31 Mar 2025), standalone, from TheCompanyCheck/Tracxn:
| Revenue | ₹279.47 Cr |
|---|---|
| EBITDA | not disclosed |
| PAT | not obtained (locked behind premium access on all sources checked) |
| Net worth | ₹371 Cr per Tracxn |
| Borrowings/charges | TheCompanyCheck reports Open charges ₹75 Lakh (latest lender: HSBC, registered June 2026) and Satisfied charges ₹13.08 Cr historically |
No consolidated financials found; company has a subsidiary (NetZero Finance Private Limited) per TheCompanyCheck/Tracxn, so standalone-vs-consolidated distinction matters but consolidated figures were not located.
Funding
ConfirmedTotal raised: ~$34.5-36.2M across 10 rounds from ~41 investors.
| Latest round | $15M (~₹136 Cr) Pre-Series B, announced ~21 Jan 2026, led by SMBC Asia Rising Fund (Sumitomo Mitsui Banking Corp venture arm); participants: British International Investment (BII), UTEC, Blume Ventures, Avaana Capital, Riverwalk Holdings, SE Ventures (Schneider Electric). Source: Entrackr |
|---|---|
| Prior round | ~₹100 Cr (~$11.7M) led by UTEC, April 2024 (Entrackr) |
| Earlier | $5M pre-Series A led by Avaana Capital, 2023 |
Valuation not disclosed in any source checked.
Charges & Borrowings
Partial / conflicting- Open charge of ₹75 Lakh with The Hongkong and Shanghai Banking Corporation Limited, registered ~05 Jun 2026
- Satisfied charges totaling ₹13.08 Cr historically
- Charge-holder names/amounts not cross-verified against a second registry source
Competitors
Confirmed- Ecofy (Series B, ~$65.5M raised — larger scale), Solfin (Series C, ~$54.6M raised — larger scale), SolarSquare, Freyr Energy, Oorjan (Oorja) Cleantech, SunSource Energy (larger EPC-focused scale), Zunroof, Loom Solar
- Aerem itself sits at ~$36.2M raised (Series A/Pre-Series B stage) per Tracxn's competitive ranking — comparable-to-smaller scale relative to Ecofy/Solfin
Frequently Asked Questions
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