Gem Enviro Management Ltd. (GEM) has announced its decision to acquire a majority stake in Solluz Energy Private Limited, a solar engineering, procurement and construction (EPC) company, in line with its strategy to strengthen its presence in the renewable energy segment.
Under the proposed transaction, Gem Enviro Management will invest approximately ₹5 crore in Solluz Energy through a cash consideration. Post completion of the acquisition, GEM will hold a 50.10% equity stake in Solluz, making it a subsidiary of the company. The acquisition is expected to be completed on or before January 31, 2026.
Solluz Energy Private Limited, incorporated on March 9, 2015, is engaged in EPC services and installation of solar energy plants. The company has demonstrated strong revenue growth over the last three financial years, with turnover of ₹34.91 crore in FY25, ₹17.18 crore in FY24, and ₹10.44 crore in FY23. As of March 31, 2025, Solluz reported revenue from operations of ₹34.91 crore.
The proposed acquisition aligns with GEM’s core focus on environmental sustainability, enabling the company to expand its footprint in the solar energy domain and complement its existing business operations
