According to a recent report published by Mordor Intelligence, India is moving forward to build 200 GW in green energy generation by 2024 and to have green energy account for 40 percent of installed capacity by 2040. Contributing to the same, one such fast-growing startup is Chirayu Power.
Established in the year 2015, Chirayu Power is an emerging solar EPC firm that provides end-toend renewable energy solutions for utility-scale, industrial, commercial, and residential purposes.
The company provides an entire range of renewable energy solutions right from solar streetlights to megawatt-scale utility solar solutions on a turnkey basis. The head office of Chirayu Power is located in the industrial area of Khamgaon (Maharashtra), while the firm has multiple branches in Mumbai, Pune, Nagpur, and Hyderabad. Chirayu Power believes that favorable government policies along with proper team support have helped it to gain a large customer base in the market.
“The core aim of our company is to become one of the biggest and the best renewable energy EPC players in this segment by providing genuine, precise, and appropriate
Pioneer in Renewable Energy Segment
An ISO 9001:2015 certified and MNRE (Ministry of New and Renewable Energy) approved firm and MEDA (Maharashtra Energy Development Agency) channel partner, Chirayu Power has come a long way since its inception. Starting with a capital of just 20 thousand rupees, the company has clocked a whooping topline of Rs. 43 crores in 2021-22. “High EQ team, In-house facility for fabrication and supports, and low fixed expense” are a few of the advantages for the company's success.
Initially, the company use to provide other renewable solutions like LED lighting solutions, solar thermal solutions, solar lighting solutions, solar fencing solutions, and more. but since 2020, the company has shifted its complete focus to electricity generation solutions and generation plants. By now, Chirayu Power has completed 50 plus MW of solar rooftop solutions and more than 150 MW of solar ground-mounted electricity solutions.
Chirayu Power has a highly proficient team of engineers who are dedicated to providing renewable energy solutions
This year the company has been awarded the Udyog Gaurav Award as well as also been recognized under Best 5000 MSME of India. Also, the company won “Best Solar EPC company for Industrial and Residential category” at Maharashtra’s Solar conference named Suryacon. Company's MD, Karan Chopda has also been recognized as the “Best 40 under 40” renewable energy export by solar quarter for the year 2023.
Chirayu Power has a highly proficient team of engineers who are dedicated to providing renewable energy solutions. The company presently consists of more than 50 engineers and 100’s of in-house fabricators, electricians, and support staff.
Chirayu Power predicts that India’s energy demand is expected to increase more than that of any other country in the coming decades due to its sheer size and enormous potential for growth and development.
Therefore, it is imperative that most of this new energy demand is met by low-carbon, renewable sources. The company is expecting to generate a revenue of Rs. 200 crore within the next three years. The vision of Chirayu Power is to make renewable energy technology simplified and to make it available to each and every individual living in any part of the country. The company is envisioning a green future for the next generation of the country.