Prozeal Green Energy Limited was initially incorporated as Prozeal Consulting Private Limited, as private limited company, dated July 4, 2013, issued by the Registrar of Companies, Gujarat. Subsequently, the name of the Company changed to Prozeal Infra Engineering Private Limited, on July 27, 2015 and again, to Prozeal Green Energy Private Limited, and a fresh certificate of incorporation, was issued by the RoC on August 4, 2023. Thereafter, its status changed into a public limited company and the name of the Company has been changed to Prozeal Green Energy Limited and a fresh certificate of incorporation dated June 28, 2024 was issued by the RoC to the Company.
Prozeal Green Energy is a solar EPC company focused on delivering end-to-end renewable energy solutions, including engineering,
procurement and construction (EPC) of solar energy projects on a turnkey basis, with an emphasis on serving clients in the commercial and industrial sectors. While executing independent solar EPC projects for the clients, Company initially focus in implementing projects based on the 'Plug-and-Play' solar park model. It facilitate seamless project deployment from conceptualization and land acquisition to commissioning, and assist with obtaining the necessary approvals, including for evacuation lines from solar power plant to the electricity grid, which is complemented by the expertise in project design, execution capabilities and procurement strategies.
The Company was founded with a focus on solar power energy projects, which commissioned its first rooftop solar project and ground-mounted solar project in 2015. Between 2015 to 2017, Company established as an EPC service provider for commercial and industrial clients and ventured into executing utility-scale solar power projects. In 2023, it set up their first public electric vehicle charging station and launched the charge management system.
In March 2024, it expanded the operations outside India by signing an EPC agreement for a solar power plant project in Nepal with an installed capacity of 9.20 MWp and got the plant commissioned in October 2024.
Their EPC clients include prominent organizations such as Torrent Power Limited, AM Green Energy Pvt Ltd, GHCL Ltd, Alembic Pharmaceuticals Limited, Asahi Songwon Colors Limited, Mark Alloys Private Limited, Ajay Costspin Industries, Pashupati Costspin Limited and ACG Associated Capsules Private Limited. The Company has been certified under the ISO 9001:2015 Quality Management System (QMS), ISO 14001:2015 environmental system standard and ISO 45001:2018 occupational, health and safety system standard.
Company is planning an IPO by raising funds aggregating upto Rs 700 Cr equity shares of face value of Rs 2 each, comprising a fresh issue of Rs 350 Cr equity shares and Rs 350 Cr equity shares through offer for sale.