Australian Premium Solar (India) Limited (APS.NS) manufactures monocrystalline, polycrystalline, and TOPCon solar panels; grid-tied inverters; and solar water pumps, while providing comprehensive engineering, procurement, and construction (EPC) services for rooftop solar installations and agricultural solar pump systems to residential, commercial, industrial, and agricultural customers across India. The company operates a state-of-the-art manufacturing facility in Tajpur, Sabarkantha, Gujarat, with a total production capacity supporting high-yield modules and recent expansions including commercial production at a new 400 MW TOPCon module plant in Gujarat launched in November 2025 to enhance capacity and achieve a targeted 75% CAGR in revenue. Founded in 2013 and headquartered in Sabarkantha, Gujarat, APS transitioned from a private to public limited company in 2023 and listed on the NSE Emerge platform following its initial public offering in January 2024.
In recent developments, the company announced on December 17, 2024, plans to acquire a 51% stake in Aplus Solar Cell Private Limited by January 31, 2025, for backward integration into TOPCon and monocrystalline solar cell manufacturing, and to incorporate a new wholly owned subsidiary by March 31, 2025, to support core operations. APS also proposed increasing its authorized share capital from INR 20 crore to INR 22 crore, including the issuance of up to 383,500 equity shares at INR 527 per share to non-promoters and 94,750 convertible warrants to promoters, to fund expansion and innovation in the renewable energy supply chain. These strategic moves, alongside strong H2 FY25 financial performance with profit after tax soaring 735%, position APS to capitalize on surging domestic solar demand under initiatives like the PM-KUSUM scheme.