Indosolar

Indosolar Limited
Formerly
  • Robin Garments Private Limited
  • Robin Solar Private Limited
Company typePublic
ISININE866K01015
IndustrySolar power
Founded8 April 2005; 19 years ago (2005-04-08)
FounderBhushan Kumar Gupta
HeadquartersC-12, Friends Colony (East),
New Delhi, Delhi
,
India
Area served
Worldwide
Key people
H.R. Gupta (MD)
Products
Production output
450 MW (2015)
RevenueDecrease ₹318.4352 crore (US$37 million) (FY18)
Decrease ₹−98.7024 crore (US$−12 million) (FY18)
Decrease ₹−162.8352 crore (US$−19 million) (FY18)
Total assetsDecrease ₹743.7186 crore (US$87 million) (FY18)
Total equityDecrease ₹−456.5296 crore (US$−53 million)[1] (FY18)
Number of employees
283[2] (31 March 2016)
Websitewww.indosolar.co.in

Indosolar Limited is an Indian photovoltaic cell and solar panel manufacturer. It is presently under the CORPORATE INSOLVANCY RESOLUTION PROCESS (CIRP). It is the largest PV cell manufacturer in India by capacity.[3]

Robin Garments Private Limited was incorporated under the Companies Act on 8 April 2005,[4][5] by Indian entrepreneur Bhushan Kumar Gupta. Gupta had previously founded Phoenix Lamps Ltd., an automotive halogen lamp manufacturer.[6] On 2 July 2008, shareholders decided to rename the company to Robin Solar Private Limited to reflect the company presence in the solar business. The Registrar of Companies (RoC) granted a new certificate of incorporation on 21 July 2008. On 16 September 2009, the Delhi High Court ordered the amalgamation of the two incorporated companies. Per the terms of the amalgamation, the company's status was changed from a private limited company to a public limited company, and it was renamed Indosolar Limited. The RoC granted new certificates of incorporation confirming the new status and name on 12 October and 30 October 2009 respectively.[4]

On 13 June 2014, Indosolar secured a contract with Azure Power to supply 60 MW of solar power. This was the single largest solar contract of India's National Solar Mission.[7][8]

References

  1. ^ "Annual Report 2018" (PDF). Indosolar. Retrieved 24 March 2019.
  2. ^ "Solar cell maker Indosolar Ltd reports loss of Rs 29.77 crore for march - The Economic Times". The Economic Times. 30 May 2016. Retrieved 6 November 2016.
  3. ^ "Indosolar gets more time in the sun with second loan recast". The Financial Express. 24 April 2015. Retrieved 6 November 2016.
  4. ^ a b "Indosolar > Company History > Miscellaneous > Company History of Indosolar". www.moneycontrol.com. Retrieved 6 November 2016.
  5. ^ "Indosolar Annual Report 2016" (PDF). www.indosolar.co.in. Retrieved 6 November 2016.
  6. ^ "Who We Are". www.indosolar.co.in. Retrieved 6 November 2016.
  7. ^ Bureau, Our (13 June 2014). "Indosolar inks contract with Azure Power". The Hindu Business Line. Retrieved 6 November 2016. {{cite web}}: |last1= has generic name (help)
  8. ^ Reporter, B. S. (13 June 2014). "Indosolar bags largest solar cell contract". Business Standard India. Retrieved 6 November 2016.

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