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. The new entity will operate in the renewable energy and energy storage sector, focusing on the development and deployment of advanced battery technologies and energy storage systems.
The move represents a key step in Saatvik’s strategy to build a future-ready clean energy platform that integrates solar power generation with energy storage solutions. Over the next five years, the subsidiary plans to explore opportunities to develop up to 20 GW of energy storage capacity, supporting grid stability and the wider integration of renewable energy across major markets. The company also intends to introduce a comprehensive portfolio of battery and energy storage solutions for utility-scale, commercial and industrial (C&I), retail, and residential applications, enabling reliable and efficient renewable energy deployment.
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 authorized capital of INR 10,00,000 divided into 1,00,000 equity shares of INR 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.
