Company Intelligence Profile
Himalayan Solar Limited
Himalayan Solar Limited is a Panchkula-based maker and installer of solar water pumping systems and solar modules, founded in 2015.
Last updated 28 October 2026
Himalayan Solar Limited makes and installs solar water pumping systems, rooftop systems and solar modules, mostly for government customers. It was incorporated on 08 Sep 2015 and is registered in Haryana. Revenue was ₹170.34 Cr in FY2025-26. The company raised about ₹68.03 Cr in an SME IPO in Sep 2026 and listed on NSE EMERGE on 05 Oct 2026.
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Company Identity
| Registered name | Himalayan Solar Limited |
|---|---|
| CIN | U40100HR2015PLC056609 |
| Status | Active |
| Listing |
|
| Incorporated | 8 September 2015 |
| ROC | RoC Haryana |
| Sector (NIC) | Energy (NIC 40100) |
| Registered address | SCO 411, Sector 20, Panchkula, Haryana 134117 |
| Authorized capital | Rs 23.00 crore |
| Paid-up capital | Rs 16.22 crore |
Business Overview
- Himalayan Solar Limited designs, makes, supplies, installs and commissions solar water pumping systems, rooftop systems and solar inverter and charge systems.
- Most of its work is for government customers, mainly in Haryana and Maharashtra.
- It makes Mono PERC solar modules in Karnal, Haryana, with 60 MW of annual capacity.
- The company was incorporated on 08 Sep 2015 and is based in Panchkula, Haryana.
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Manjeet Singh | 08202191 | Director | - |
| Mehtab Singh | 08436465 | Director | - |
| Sankara Sastry Oruganti | 10179426 | Director | - |
| Himanshu Dalal | 10774582 | Director | - |
Financials
- Revenue ₹170.34 Cr
- Revenue ₹142.44 Cr
- Revenue ₹138.32 Cr
- Revenue ₹47.59 Cr
- Net profit ₹0.58 Cr
Funding
- IPO on NSE EMERGE (SME), 25-29 Sep 2026, price band ₹98-103 per share.
- Issue size about ₹68.03 Cr: fresh issue ₹60.68 Cr and offer for sale ₹7.35 Cr.
- Shares listed on 05 Oct 2026.
- Fresh issue money is for working capital ₹29.5 Cr, capex ₹12.98 Cr, debt repayment ₹2.12 Cr and general purposes ₹16.08 Cr.
- Lead manager: Finshore Management Services.
- Registrar: Maashitla Securities.
Charges & Borrowings
- Term loan from ICICI Bank, partly repaid from IPO proceeds.
Competitors
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