Mumbai, Mar 13: Saatvik Green Energy Limited, one of India’s fastest-growing fully integrated renewable energy companies listed on the BSE and NSE, has announced the incorporation of its wholly owned subsidiary, Saatvik Power Storage Solutions Limited, in India. The newly formed entity will operate in the renewable energy and energy storage sector, focusing on the development and deployment of battery technologies and energy storage systems.
The initiative marks an important step in Saatvik’s strategy to build a future-ready clean energy platform that integrates solar generation with storage solutions. The subsidiary plans to explore opportunities in 20 GW of energy storage capacity over the next five years, supporting grid stability and renewable integration across key markets. The company also aims to introduce utility scale, C&I, retail and residential range of battery and energy storage solutions, catering to utility-scale, commercial & industrial, and distributed renewable energy applications.
Commenting on the development, Prashant Mathur, CEO of Saatvik Green Energy Limited, said:
“Energy storage will play a critical role in enabling the next phase of renewable energy growth. The incorporation of Saatvik Power Storage Solutions Limited reflects our long-term vision to build a comprehensive clean energy ecosystem that integrates solar manufacturing, EPC capabilities, and advanced storage technologies. This step positions Saatvik to contribute meaningfully to India’s transition toward reliable, round-the-clock renewable power.”
The subsidiary has been incorporated with an authorised capital of ?10,00,000 divided into 1,00,000 equity shares of ?10 each, with 100% shareholding held by Saatvik Green Energy Limited.
The establishment of the subsidiary reinforces Saatvik’s commitment to innovation, technology-led growth, and supporting India’s clean energy transition, particularly as the country accelerates deployment of renewable energy capacity supported by grid-scale and distributed storage solutions.
