Alpex Solar Limited, led by the founder Promoter, Mr. Ashwani Sehgal was originally incorporated on August 27, 1993 as a Private Limited Company as 'Alpex Exports Private Limited' with the Registrar of Companies, Chandigarh. The name of Company got changed to 'Alpex Solar Private Limited' on September 07, 2017 at Delhi. Thereafter, the Company got converted from a Private Limited Company to Public Limited Company, the name changed to 'Alpex Solar Limited' and a Fresh Certificate of Incorporation dated September 01, 2023 was issued by Registrar of Companies, Delhi.
Alpex Solar is a Nodia-based Solar Photovoltaic (PV) module manufacturer in North India. The PV modules are manufactured using monocrystalline and polycrystalline cell technologies. The Company provide integrated solar energy solutions, including engineering, procurement, construction (EPC) of DC/AC Solar Pumps. Presently, it operate one manufacturing facility in Greater Noida.
Since 2005, Alpex has progressively advanced, solidifying its reputation as the most reputable and reliable manufacturer of Solar PV panels in the industry. The Company created a history by entering into the business of Manufacturing of Solar PV panels in 2008. The Company manufacture and deliver solar panels in the B2B space and also serve as a contract manufacturer for several large companies, including Luminous, Jakson, and Tata Power. These solar panels are delivered to companies, with a specific focus on EPC companies such as Solarworld Energy Solutions Pvt Ltd, BVG India Ltd, Tata Power, Hild Energy Pvt Ltd, and Shakti Pumps India Ltd.
As for solar water pumps, the Company target the B2C segment. They begin by applying for tenders in respective states, and if successful in winning the tender, they proceed to assess the installation site and subsequently install solar water pumps at the designated locations.
The Company launched an IPO by issuing 64,80,000 equity shares having the face value of Rs 10 each by raising funds aggregating to Rs 74.52 Cr through fresh issue in February, 2024.