Waaree Energies, India’s largest aggregate installed capacity of 12 GW (as of June 30, 2023) was founded in 1989. It is the flagship company of Waaree Group, headquartered in Mumbai, India, enjoys 40 global certifications enhancing the company’s global bankability & competitive advantage. The company is India’s largest solar manufacturer & exporter and a Bloomberg Tier-1 company for 35+ consecutive quarters. It began with pressure gauges and valves, then shifted to solar equipment in 2007. Now a global solar leader outside China. Invest in Unlisted shares -> precize.in

1. P R E C I Z E
Waaree Energies
Unlisted shares
Current Market Price: Rs.1,875/share

2. India's renewable market hit $20B in
FY 2022-23, and it is expected to reach
$35.6B by 2028 with a 10.19% CAGR.

3. C O N T E N T
Sector at Glance
About
Products and Services
Board of Directors
Elite Clientele
Peers & Competitors

4. S E C T O R A T G L A N C E
The Indian renewable energy sector is the fourth most attractive renewable energy market in the
world and ranks fourth in renewable power installed capacity as of 2020.
The electricity generation target (Including RE) for the year 2023-24 has been fixed as 1750 Billion
Units (BU) with 7.2% growth over the actual generation of 1624.158 BU for (2022-23).
The generation during 2022-23 was 1624.158 BU compared to 1491.859 BU generated during 2021-
22, representing a growth of about 8.87%.

5. A B O U T
Waaree Energies, India’s largest aggregate installed capacity of 12 GW (as of June 30, 2023)
was founded in 1989.
It is the flagship company of Waaree Group, headquartered in Mumbai, India, enjoys 40 global
certifications enhancing the company’s global bankability & competitive advantage.
The company is India’s largest solar manufacturer & exporter and a Bloomberg Tier-1 company
for 35+ consecutive quarters.
It began with pressure gauges and valves, then shifted to solar equipment in 2007. Now a
global solar leader outside China.

6. P R O D U C T S A N D S E R V I C E S
The company dealing in 3 product categories, offers various products under each
category-
PV Modules
Inverter
Solar Products.
It has a diversified range of Services such as -
Operations & Maintenance
Roof Top
Floating Solar
Ground Mount

7. E L I T E C L I E N T E L E
Adani
Aditya Birla
Bharat Petroleum
Azure Power
Indian Oil
NTPC
Suzlon among others

8. P E E R S A N D C O M P E T I T O R S
Vikram Solar
Adani Solar
Tata Power Solar

9. Name Designation
Hitesh Chimanlal Doshi Chairman & Managing Director
Hitesh Pranjivan Mehta Whole-time Director & Chief Financial Officer
Virenkumar Chimanlal
Doshi
Whole-time Director
Richa Manoj Goyal Independent Director
Jayesh Dhirajlal Shah Independent Director
Rajender Mohan Malla Independent Director
Sujit Kumar Varma Independent Director
Dr. Arvind
Ananthanarayanan
Independent Director
B O A R D O F D I R E C T O R S

10. W A A R E E E N E R G I E S U N L I S T E D S H A R E S
Invest Now!
Current Market Price: Rs.1,875/share