About SWELECT Energy Systems Limited

SWELECT Energy Systems Limited, formerly known as Numeric Power Systems Limited, is a renewable energy solutions provider with over four decades of expertise in power electronics and clean energy. Headquartered in Chennai, the company specialises in solar PV module manufacturing, EPC services, and independent power generation. Its fully automated solar PV module plant has a capacity of more than 1 GW, complemented by facilities for module mounting structures and electrical balance of systems. SWELECT has steadily expanded its presence in India and abroad, contributing to solar, wind, and hybrid energy projects while aligning with the country’s renewable energy targets.

The company has a diversified structure supported by subsidiaries engaged in solar power plants, international operations, and allied clean energy initiatives. Its products and solutions cater to individual households, small and medium enterprises, large corporates, and government institutions. Recognised for its quality, SWELECT has won industry awards for excellence in solar project execution and manufacturing leadership.

SWELECT Energy Systems Limited’s Business Segments

• Solar Module Manufacturing: Production of high-efficiency solar PV modules at its Coimbatore facility, with capacity expansion plans underway.

• EPC and O&M Services: Engineering, procurement, construction, and long-term operation and maintenance for solar power projects.

• Independent Power Producer (IPP): Development and ownership of solar power plants across multiple states.

• Global Subsidiaries: International presence through subsidiaries in Singapore and the USA, expanding renewable energy solutions beyond India.

SWELECT Energy Systems Limited’s Key Management

• Mr. S. Annadurai – Chairman

• Mr. R. Chellappan – Managing Director

• Mr. A. Balan – Joint Managing Director

• Mr. V. C. Raghunath – Whole-Time Director

• Ms. V. C. Mirunalini – Whole-Time Director

• Mr. K. V. Nachiappan – Whole-Time Director

• Mr. G. S. Samuel – Independent Director

• Mr. S. Iniyan – Independent Director

• Mr. M. Ravi – Independent Director

• Ms. Jayashree Nachiappan – Non-Executive Director

• Ms. Nikhila R – Chief Financial Officer

• Ms. J. Bhuvaneswari – Company Secretary

Latest Updates on SWELECT Energy Systems Limited

• Fundraising: Raised Rs 290 crore through a non-convertible debenture issue to repay loans and expand its IPP portfolio.

• Capacity Expansion: Plans to double module manufacturing capacity to 2 GW and set up a 1.2 GW solar cell facility by FY 2026–27.

• New Subsidiaries: Incorporated entities including ESG Green Energy Pvt. Ltd., SWELECT Radiant Power Pvt. Ltd., SWELECT Solarkraft Pvt. Ltd., and SWELECT Sunpower Plus Pvt. Ltd. to drive solar and wind power generation.

• Amalgamation Approval: NCLT approved the merger of K J Solar Systems Pvt. Ltd. with SWELECT in May 2024.

• Operational Growth: Expanded solar plants across Tamil Nadu, Karur, Coimbatore, and Trichy, strengthening renewable power capacity.

• Industry Recognition: Received awards such as Manufacturer of the Year 2024 and Best Project of the Year for contributions to India’s solar sector.

Governance: Strengthened its Board and committees to ensure compliance, transparency, and oversight of growth projects.