- Business
- Ujaas Energy Limited Ujaas Energy Limited engages in solar power generation, engineering, procurement, and construction (EPC) services for solar projects; development and operation of solar parks under the Ujaas™ Park brand offering turnkey solutions including land identification, registration, O&M, power sales, and REC trading; manufacturing of distribution transformers, power transformers up to 10,000 KVA, furnace transformers, booster transformers, dry type transformers, unitised substations, and special purpose transformers; rooftop and home solar solutions for grid-connected and off-grid applications ranging from 2 KWp to 25 KWp; and production and sales of electric scooters.
The company serves state electricity boards, public sector undertakings, private electricity generators and distributors, and industrial clients in steel, power, textile, coal, mining, infrastructure, engineering, and automobile sectors, with a focus on the Indian renewable energy market.
Ujaas Energy Limited, founded in 1979 and headquartered in Indore, Madhya Pradesh, India, at Survey No. 211/1, Sanwer Road Industrial Area, operates primarily in India with historical foreign subsidiaries in Hong Kong and Uganda; it changed its name from M and B Switchgears Limited in August 2013.
In recent developments, the company allotted 222,651,84 bonus shares in a 2:1 ratio in October 2025, increasing paid-up capital to over 13 crore shares; announced a preferential allotment of 12.75 crore equity shares at INR 11 each to raise INR 1.403 billion from investors including F3 Advisors Private Limited and Sahastraa Advisors Private Limited in November 2025, pending EGM approval on December 1, 2025; achieved minimum public shareholding compliance at 25.04% in October 2025; and approved board measures including EOGM corrigendum for capital increase.