GRE Renew Enertech Limited, initially established as a partnership firm named "M/s GRE Electronics" in 1999 in Mehsana, Gujarat, has undergone multiple transformations in its corporate structure. It converted into a private limited company in 2008, adopting the name "GRE Electronics Private Limited," which was later changed to "GRE Renew Enertech Private Limited" in 2023. In July 2024, the company transitioned into a public company, becoming "GRE Renew Enertech Limited."
The company operates primarily in the renewable energy and LED lighting sectors. Its key products and services include the manufacturing of LED lighting solutions, solar power generation systems, and power products. GRE Renew Enertech provides solar energy solutions, particularly to industrial and commercial customers, offering turnkey on-site solar projects under two business segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX model, the company provides engineering, procurement, construction, and operational services for solar projects, where customers finance the capital expenditure. It is currently planning to implement a 20.09 MWp DC solar project through its wholly-owned subsidiary GRE Green Energy Private Limited.
The company has expanded its portfolio over the years, beginning with CFL products in 1999, setting up a wholly-owned subsidiary in the USA in 2011, entering the LED lighting manufacturing sector in 2012, and diversifying into solar energy projects in 2017. GRE Renew Enertech is also planning an initial public offering (IPO) of up to 3,768,000 equity shares to raise funds.
This enables the company to position itself as a key player in the green energy and sustainable solutions market in India, leveraging its experience in LED manufacturing and renewable energy services for future growth.
