OSWAL SOLAR STRUCTURE PVT. LTD. Company Profile

Background

Company Overview

Established in January 2022, Oswal Solar Structure Pvt. Ltd. is a pioneering manufacturing company specializing in solar photovoltaic (PV) modules. The company is dedicated to revolutionizing the renewable energy sector by producing high-quality, durable, and efficient solar panels. Their products cater to residential, commercial, and industrial applications, aiming to reduce reliance on fossil fuels and promote sustainable energy solutions.

Mission and Vision

Mission: To provide sustainable solar solutions with integrity and technological expertise, expanding global reach while contributing to a greener world through solar energy.

Vision: To offer sustainable energy solutions that reduce carbon footprints through quality, innovation, and cost-effective solar products, thereby empowering society.

Core Values

Quality

Reliability

Excellence

Versatility

Sustainability

Integrity

Key Strategic Focus

Core Objectives

Oswal Solar Structure focuses on delivering high-quality solar PV modules that meet the diverse needs of their clientele. Their strategic objectives include:

Enhancing product efficiency and durability

Expanding market reach both domestically and internationally

Investing in research and development to stay at the forefront of solar technology

Areas of Specialization

The company specializes in the manufacturing of monocrystalline and polycrystalline solar modules, utilizing advanced technologies such as PERC (Passivated Emitter and Rear Cell) and bifacial designs to maximize energy output.

Key Technologies Utilized

PERC Technology: Enhances cell efficiency by improving light absorption and reducing electron recombination.

Bifacial Modules: Capture sunlight from both sides, increasing energy generation.

Primary Markets Targeted

Oswal Solar Structure targets a broad spectrum of markets, including:

Residential solar installations

Commercial and industrial solar projects

Government and utility-scale solar initiatives

Financials and Funding

Funding History

As of March 2024, Oswal Solar Structure reported an authorized share capital of ₹15.00 crore and a paid-up capital of ₹12.50 crore. The company has secured financial support through various channels, including:

State Bank of India: ₹37.54 crore

Yes Bank Limited: ₹35.00 crore

Utilization of Capital

The capital raised is intended for:

Expanding manufacturing capabilities

Investing in research and development

Enhancing distribution networks

Pipeline Development

Key Products

Oswal Solar Structure offers a range of solar modules, including:

Non-DCR OSWAL540-550MPN144 MONO PERC HALF-CUT: Monocrystalline modules with power output ranging from 540 to 550 Wp, featuring PERC technology and half-cut cell design for improved performance.

DCR OSWAL540-555MP144 MONO PERC HALF-CUT: Domestic Content Requirement compliant modules with similar specifications, catering to government and utility-scale projects.

Development Stages

The company is continuously working on enhancing the efficiency and durability of its products through ongoing research and development efforts.

Target Conditions

The modules are designed to perform optimally in diverse environmental conditions, ensuring reliability and longevity.

Anticipated Milestones

Introduction of next-generation modules with higher efficiency ratings

Expansion into new international markets

Establishment of additional manufacturing facilities

Technological Platform and Innovation

Proprietary Technologies

Oswal Solar Structure leverages advanced technologies such as PERC and bifacial designs to enhance the performance of their solar modules.

Significant Scientific Methods

PERC Technology: Improves light absorption and reduces electron recombination, leading to higher cell efficiency.

Bifacial Modules: Capture sunlight from both sides, increasing overall energy generation.

Leadership Team

Key Executives

Vivek Gupta: Director

Amulya Gupta: Director

Shivam Gupta: Director

Manoj Kumar: Chief Financial Officer

Priyanka Kud: Company Secretary

Professional Backgrounds

Vivek Gupta: Also serves as Managing Director at Oswal Pumps Limited, bringing extensive experience in manufacturing and business development.

Amulya Gupta: Holds directorial positions in multiple companies, contributing to strategic planning and operations.

Shivam Gupta: Involved in various business ventures, focusing on innovation and market expansion.

Manoj Kumar: Oversees financial planning and management, ensuring fiscal responsibility.

Priyanka Kud: Manages corporate governance and compliance, maintaining regulatory standards.

Leadership Changes

As of June 2024, there have been no significant changes in the leadership team.

Competitor Profile

Market Insights and Dynamics

The solar PV industry is experiencing rapid growth, driven by increasing demand for renewable energy solutions. The market is characterized by technological advancements, cost reductions, and supportive government policies.

Competitor Analysis

Key competitors in the Indian solar PV market include:

Vikram Solar: A leading manufacturer with a strong presence in both domestic and international markets, known for high-quality modules and extensive project experience.

Tata Power Solar: Offers a comprehensive range of solar solutions, leveraging the Tata brand's reputation and extensive distribution network.

Waaree Energies: One of the largest module manufacturers in India, providing a wide array of products and services.

Strategic Collaborations and Partnerships

Oswal Solar Structure has established partnerships with various suppliers and financial institutions to strengthen its market position and expand capabilities.

Operational Insights

Strategic Considerations

The company focuses on:

Maintaining high product quality

Investing in technological innovation

Expanding market reach

Competitive Advantages

Advanced manufacturing technologies

Strong leadership team

Commitment to sustainability

Strategic Opportunities and Future Directions

Strategic Roadmap

Oswal Solar Structure aims to:

Increase production capacity

Enter new international markets

Develop next-generation solar modules

Opportunities for Expansion

Growing demand for renewable energy

Supportive government policies

Advancements in solar technology

Positioning for Future Objectives

By leveraging its technological expertise, strong leadership, and commitment to quality, Oswal Solar Structure is well-positioned to achieve its future objectives and contribute to the global renewable energy landscape.