Swelect Energy Systems Limited (SWELECTES) has appointed Pradeep Kumar Madhur as Chief Business Officer (CBO), effective October 1, 2026. He will lead sales and business development across the company’s Engineering, Procurement and Construction (EPC), Independent Power Producer (IPP), channel, and solar module businesses. The appointment is aimed at strengthening SWELECT’s commercial strategy by bringing its key business verticals under a unified leadership structure.

Experienced Leader in Solar Industry

Madhur brings over 17 years of experience in the solar and power infrastructure sectors across India and the Asia-Pacific region. His expertise spans solar module and inverter sales, business development, and market expansion. He joins SWELECT from Lerri Solar Technology India (LONGi Solar), where he served as Senior Director and Country Business Leader.

Driving Growth and Market Expansion

Under his leadership, LONGi’s India business rose from 17th position in the market to No. 1 within a year, a position it held from 2020 to 2022. Earlier, Madhur was part of the founding team at Sungrow India, where he played a key role in establishing the company’s presence in the solar inverter market, with over 4 GW deployed during its first three years. He also held positions at Raychem RPG and Crompton Greaves, working across power systems and managing key accounts for large thermal power and high-voltage grid projects.

As the new CBO, Madhur’s experience in market development and customer engagement will support SWELECT’s efforts to scale its integrated solar offerings. The company’s combination of in-house manufacturing, EPC capabilities, an IPP portfolio, and four decades of expertise in power electronics provides a strong foundation for growth.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Swelect Energy Systems Limited

Swelect Energy Systems Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.

Swelect falls 9.1% over three months and has not found a floor yet. The PEG of 0.19 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 6.8% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock gains 0.7% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 40.0% and profits at 115.1% CAGR, with D/E of 0.00. Meanwhile, the stock dips 9.1% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Swelect Energy Systems Limited.

Swelect Energy Systems Limited (SWELECTES) is rolling out its scalable SWEES EN+ hybrid inverter range for Commercial & Industrial (C&I) customers. The range is available from 5 kW to 50 kW and can scale beyond 50 kW. It is designed around the load profiles, solar generation, and energy storage needs of businesses. Customers can start with a system sized to their current needs and add capacity as operations grow.

Enhanced Energy Management

The SWEES EN+ manages solar generation, battery storage, and grid supply through a single system. The range is certified by the Bureau of Indian Standards (BIS) under the Compulsory Registration Scheme (CRS), which clears it for rollout on schedule in Q2 FY27. As energy costs rise and power reliability becomes a bigger concern, businesses want to make better use of the solar power they generate on-site and add storage for backup.

Scalable and Customizable Solutions

SWELECT designs each system around the customer’s actual load profile and application rather than offering a one-size-fits-all product. Commenting on the development, Dr. Arulkumar Shanmugasundaram, CEO & Managing Director, SWELECT Energy Systems Limited, said, “With the BIS certification for our hybrid inverters, we are now rolling out the SWEES EN+ range from 5 kW to 50 kW, with a strong focus on the evolving energy requirements of C&I customers. The range has been designed with scalability at its core, enabling solutions to be configured in line with varying load profiles, operational requirements, and future energy needs.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Swelect Energy Systems Limited

Swelect Energy Systems Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.

Swelect trades in the lower quarter of its 52-week range. The PEG of 0.19 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 6.8% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock sits at 21% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 40.0% and profits at 115.1%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Swelect Energy Systems Limited.

Waaree Clean Energy Solutions (WCES), a wholly owned subsidiary of Waaree Energies Limited, announced its entry into India’s specialty gases business on September 24, 2026. WCES aims to be a one-stop supplier to the country’s semiconductor and solar cell manufacturers. This move is part of India’s expansion in chip and electronics manufacturing under the Semicon India 2.0 programme. High-purity process gases and chemicals are still largely imported, and that supply has become a critical bottleneck. WCES is building a specialty gases plant at G IDC Saykha, Dahej, Gujarat, to close that gap with domestic supply across India.

Building India’s Specialty Gases Backbone

WCES is building the business in phases. The plan includes specialty gases warehousing, UHP Ammonia purification, Phosphine/Hydrogen (PH₃/H₂) mixing plant, UHP Oxygen, and UHP Hydrogen. WCES will also design custom gas and chemical supply systems and nitrogen plants. Its Total Gas & Chemical Management System will cover storage, delivery, safety monitoring, and inventory, so customers can focus on their core processes.

Strengthening India’s Manufacturing Self-Reliance

The new business builds on WCES’s clean energy manufacturing base, which includes its electrolyser stack facility. Government incentives are expanding semiconductor and solar cell capacity, and the gases business is designed to grow with it and give manufacturers a dependable alternative to imports.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Waaree Energies Limited

Waaree Energies Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.

Waaree drops 16.5% over three months and trades near its 52-week lows. The PEG of 0.20 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 57.8% and profits at 97.4% CAGR. Both numbers are exceptional. The stock sits at 8% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. The business compounds at 57.8% revenue and 97.4% profit CAGR, with D/E of 0.16. Yet the stock drops 16.5% in three months. The business does not deteriorate — the stock does. That gap is what long-term investors look for. Check Fundamentals of Waaree Energies Limited.