About Insolation Energy Limited

Insolation Energy Limited (“INA Solar”) is a Jaipur-based manufacturer of high-efficiency solar photovoltaic (PV) modules, offering advanced technologies including Mono PERC and N-Type TOPCon. The company operates fully-automated facilities in Rajasthan and maintains a broad India-wide distributor–dealer network. It also undertakes EPC services and OEM work, with batteries and power-conditioning offerings rounding out its solar solutions portfolio. The entity was incorporated in 2015.

Manufacturing footprint (plants & offices): National presence only; 2 plants and 2 offices (total 4). Facilities include Jaipur units (INA-1, INA-2, INA-3) and an upcoming unit at Mohasa-Babai Industrial Area, Narmadapuram (M.P.).

Geographies & reach: Operations span 16 Indian states; exports are NIL (i.e., India-only sales). The company cites 15,000+ customers supported by 800+ channel partners across 100+ districts.

Subsidiaries & associate (as on March 31, 2025):

• Wholly owned subsidiary: Insolation Green Energy Private Limited.

• Other subsidiaries: Insolation Green Infra Private Limited (incorporated July 18, 2024), MGVI Green Infra One Private Limited (incorporated January 1, 2025), MGVI Green Infra Two Private Limited (incorporated February 27, 2025).

• Associate: MGVI Green Infra Private Limited.

Key milestones: INA highlights a growth journey from earlier capacities to 5.5 GW of module capacity across its group, alongside expansion of facilities and distribution footprint.

Insolation Energy Limited Business Segments

Operating segments: The company reports one reportable operating segment under Ind AS 108.

Geography mix (sales): Exports NIL (i.e., essentially 100% domestic).

Insolation Energy Limited Key Management

• Mr. Manish Gupta — Chairman & Whole Time Director.
• Mr. Vikas Jain — Managing Director.

• Mr. Ravi Dusad — Chief Financial Officer (CFO).
• Mr. Nitesh Sharma — Company Secretary & Compliance Officer.

Latest Updates on Insolation Energy Limited

• Technology & products: Continued focus on Mono PERC and N-Type TOPCon module technologies.

• Capacity & footprint: Announcement of INA-4 (upcoming) at Mohasa-Babai Industrial Area, Narmadapuram (M.P.).

• Partnerships/branding: Became the Official Solar Partner of the T-20 team Lucknow Super Giants for the 2025–2026 season.

• Group structure changes: New subsidiaries incorporated—Insolation Green Infra Pvt. Ltd. (July 18, 2024), MGVI Green Infra One Pvt. Ltd. (January 1, 2025), and MGVI Green Infra Two Pvt. Ltd. (February 27, 2025); one associate identified—MGVI Green Infra Pvt. Ltd.

• EPC focus: Subsidiary Insolation Green Infra Pvt. Ltd. executes solar EPC (including KUSUM Components A & C), solar parks, O&M services, and rooftop installations.