QUANTSOLAR TECHNOLOGIES PRIVATE LIMITED

Business Overview

• Quant Solar, Quantsolar Technologies Pvt Ltd, founded 2016, is a clean-tech firm specializing in Floating Solar Photovoltaic (FSPV) power-plant solutions — site feasibility, design & engineering, material procurement, installation & commissioning, and O&M, with in-house design/engineering/manufacturing capability and several patent filings.
• Reported track record: ~9 MWp of turnkey EPC projects and ~108.5 MWp of cumulative floating-systems supply, with 200 MW/yr installed production capacity, 300 MW/yr upcoming.
• HQ: New Delhi, with offices in Kolkata, Hyderabad and Visakhapatnam, source: quantsolar.com/about-us.
• EPFO-registered headcount ~56, Aug 2024, TheCompanyCheck, vs Tracxn's ~106 (May 2025) — two sources disagree on employee count, reported as range.

Sector & Classification

Business/professional services — Engineering, EPC and O&M services for renewable (floating solar) energy projects; classified under "Energy and power" / Power EPC by TheCompanyCheck. Exact NIC code not obtained from any source.

Directors & Key Management

Partial (single primary source for DINs — Tofler; not cross-confirmed by a second source, so treat DINs as partial/unconfirmed): - Pankaj Kumar — Whole-time Director / Co-Founder — DIN 07800727 (per Tofler); listed as "Pankaj Kumar Sinha" by TheCompanyCheck, appointed 21 Apr 2017 — possible name-variant discrepancy, not fully resolved. - Siddhant Agarwal — Whole-time Director / Co-Founder — DIN 07797236 (per Tofler), appointed 21 Apr 2017 (TheCompanyCheck). - Pankaj Biswas (also styled "Dr. Pankaj Biswas," Advisory-Technology per company site) — Director — DIN 07682272 (per Tofler), appointed 01 Apr 2017 (TheCompanyCheck). Ajay Chaturvedi is listed on the company website as "Advisory, Business Development & Strategy" but does not appear as a registered director in the registry sources checked.

GST Registrations

Primary GSTIN: 19AAACQ4317K1ZA (confirmed — mastersindia.co, PAN segment matches AAACQ4317K). State: West Bengal. Registration date: 24 July 2017. Status: Active, Regular taxpayer. Principal place of business: Shop No 9, Ellora Market, Sourin Roy Road, Behala Tram Depot, Kolkata, WB 700034. Total number of state-wise GST registrations: not obtained (only the West Bengal GSTIN was located; company also operates from Hyderabad/Visakhapatnam per site, so additional state registrations likely exist but were not confirmed).

Financials

Funding History

• Partial, Tracxn, used only for round names per sourcing rules: Total funding reported as $818K over 2 rounds — a Seed round (11 Feb 2022) and an Angel round (6 Sep 2023). Investor count: 3 institutional + 4 angel investors reported
• Only IIT Guwahati, as an incubator/accelerator-linked investor, is named specifically — remaining investor names not disclosed in accessible content.

Shareholding

• Not obtained in usable detail.
• Tracxn's legal-entity profile shows a fragmentary cap-table line, "Fund" holding 0.27%, net worth ₹18.2L, but this is not a reliable or complete shareholding picture and is not reported as fact.
• Full shareholding pattern requires a paid registry report.

Loans & Charges

• Partial — Open charges ₹35.36 crore, satisfied charges ₹3.51 crore, with HDFC Bank Limited named as a charge-holder (₹10 crore) — sourced solely from TheCompanyCheck
• Not cross-confirmed by a second source.

Related Parties

• Not obtained. No group/related-party entities were identified in the sources checked. "QuantSolar" appears to be both the trading brand and the legal entity name
• No separate holding company or sister concern was found.

Competitive Landscape

• Named peers in India's solar EPC / floating-solar space, general industry knowledge, not registry-sourced: Vikram Solar, commissioned India's first floating solar plant; large-scale manufacturer, ~9.5 GW/yr capacity — much larger scale, Waaree Energies / Waaree EPC, large-scale, 12+ GW manufacturing, floating-solar EPC arm — much larger scale, Sterling & Wilson Renewable Energy, large national EPC player — larger scale, Tata Power Solar, large diversified conglomerate arm — much larger scale, L&T Construction, mega-scale solar-plus-storage and floating projects — much larger scale, Ciel et Terre, global floating-solar technology specialist, comparable niche focus — broadly comparable/larger scale internationally.
• Quantsolar is a niche specialist operating at a smaller revenue scale (~₹35–62 crore) than these larger, diversified players.

Frequently Asked Questions

Sources

Tofler (tofler.in) — identity, capital, directors/DINs, PAN; TheCompanyCheck (thecompanycheck.com) — identity, capital, directors, financials FY25, charges/borrowings, sector, employee count; Masters India GST search (mastersindia.co) — GSTIN details; Quant Solar official site (quantsolar.com, quantsolar.com/about-us) — business overview, leadership, HQ, logo; Tracxn (tracxn.com) — funding round names/dates and revenue FY24 figure (used per rules for funding only, revenue cross-referenced); Web search aggregation for competitor landscape (general industry sources — Built In, Waaree/Enerparc/industry roundup pages). Falconebiz.com and Indian Kanoon were queried but returned no usable company-specific data (Falconebiz returned only its generic homepage; no Indian Kanoon case found for this entity).