About Insolare Energy Unlisted Shares

1. Company Introduction

Founded in 2009, InSolare Energy is a leading Renewable Energy EPC Solution Provider in India. The company has built

a strong reputation for offering end-to-end solar power solutions, integrating world-class technology with efficient

execution capabilities.

* Nature of Business: Engineering, Procurement & Construction (EPC) and system integration of solar power projects.

* Mission: To deliver competitive and innovative solar energy solutions that exceed customer expectations.

* Presence: Operations in 19+ states with installations crossing 500 MWp.

2. Competitive Edge & Achievements

* Projects Executed: 350+ MW of solar projects successfully implemented.

* Projects Under Execution: 150 MW ongoing.

* O&M Portfolio: 100 MW being operated and maintained.

* Clients Served: 100+ reputed entities across industries.

* Patents: 10+ patents granted — 5 in Green Hydrogen and 5 in Offshore Renewable Energy.

* Workforce Strength: 200+ employees.

3. Technology Adoption

InSolare demonstrates extensive tech integration capabilities, enabling optimized project performance. EPC projects

utilize a mix of:

* Racking Systems: Fixed Tilt, Single Axis Trackers, Seasonal Tilt Axis.

* Modules: Polycrystalline, Monocrystalline, Thin Film, Bi-facial modules.

* Strong supplier ecosystem ensures flexibility in module and inverter selection.

4. Proprietary Patented Technologies

InSolare is at the forefront of clean-tech innovation with the following technologies:

* Offshore Hybrid Wind-Solar Systems: For marine-based clean energy generation.

* Green Hydrogen Electrolysers: Using renewable power for hydrogen production at a low cost with high efficiency.

* Fuel Cell Technology: Converts hydrogen to electricity with high conversion rates.

* Energy Storage Systems (ESS): For efficient energy capture and release to ensure power grid stability.

5. Project Execution Framework

InSolare follows a structured 5-step execution cycle:

1. Land Acquisition & Due Diligence

2. Regulatory & Grid Approvals

3. Power Purchase Agreement (PPA) Negotiation

4. Engineering & Execution

5. Operations & Maintenance (O&M)

This model ensures timely delivery, regulatory compliance, and asset performance optimization.

6. Management & Leadership Pedigree

A world-class team with global expertise:

* Dr. Sunit Tyagi (MD) - 18 years at Intel, USA

* Dr. Hemanshu Bhatt (R&D Director) - NASA, LSI, Wipro

* Navashil Sharma (CEO) - 13 years at Intel

* Col. Pravir Mishra (COO) - Ex-Army, IM-A, [IM-L

* Col. Gopal Samanta (Operations) - 23 years in Indian Army

* Dipak Patel (Design Head) - Ex-Atkins, UK

Their diverse expertise adds strategic direction and operational excellence to the company.

7. Solar Industry Landscape

India’s Current Installed Capacity (2023):

Fossil Fuels: 273 GW

Renewables: 1773 GW

Total: 410 GW

Target by 2030:

Renewables to reach 500 GW

Solar alone to reach ~280 GW (from current 67 GW)

Annual Market Opportunity: 275,000 Cr (assuming 32,500 Cr/GW project cost)

Macro Drivers: Rising demand, sustainability mandates, Net-Zero 2070 commitment

8. Business & Revenue Models

InSolare operates through diversified revenue channels:

1. Captive EPC for A-rated Clients: Shree Cement, JSW, Birla Cement

2. SME Solar EPC: High-margin turnkey solutions for mid-sized businesses

3.1PP (Independent Power Producer) Projects: Park development and EPC (excluding module procurement)

4. International EPC Projects: GCC & Africa via JVs (Yellow Door, Masdar)

5. Government Projects: Empanelled under NTPC subsidiary NVNN for 1-10 MW and large-scale utility EPC

6. Special Technology EPC: Green Hydrogen, Offshore Hybrid, BESS projects

This portfolio ensures a balanced risk-return profile and scalability across client segments.

9. Notable Projects

* Juniper 14 MWp: Bi-Facial Modules, Single Axis Tracker, 10-year PPA lock-in, 26% equity stake, IRR of 14%

* Maharashtra Solar Park (100 MWp): 8 SPVis, 65 MWp completed

* Karnataka Solar Park (137 MWp): 5 SPVs, 65 MWp completed

* Canal Top Project (10.5 MWp): Unique racking on Sardar Sarovar Nigam canal

10. Financial Performance & Projections