Company History - Indosolar
Our Company was incorporated under the Companies Act on April
8, 2005 as Robin Garments
Private Limited. Subsequently, our name was changed to Robin Solar
Private Limited pursuant to a
special resolution of our shareholders dated July 2, 2008 to
reflect the present business of our
Company i.e., the business of solar cells. A fresh
certificate of incorporation consequent to such
change of name was granted to our Company by the RoC on July 21,
2008.
The Transferor Company was amalgamated with our Company by an order
dated September 16, 2009
of the High Court of Delhi. Pursuant to the amalgamation in
terms of the Scheme, our Companys
status was changed from private limited company to a public
limited company and the name of our
Company was changed to Indosolar Limited as the erstwhile
Transferor Company was widely
known. A fresh certificate of incorporation consequent to such change
in status and name was granted
to our Company by the RoC on October 12, 2009 and October
30, 2009, respectively.
Our Company is engaged in the business of manufacture
poly-crystalline SPV cells from silicon wafers
utilizing crystalline silicon SPV cell technology for converting
sunlight directly into electricity through
a process known as the photo-voltaic effect.
Major Events and Milestones
Date Events
2005
-Execution of lease deed with the GNIDA for grant of 27,158.78 square
meter of land
2008
-Execution of joint business development agreement with the
Transferor Company
-Execution of supply agreement with Schmid for planning, supply,
installation and commission of first line of our solar cell project
-Change of the object of our Company from the business of readymade
garments to solar energy cells
-Execution of lease agreement by the Transferor Company to lease the
equipments to our Company
-Grant of EOU status to our Company
-Grant of occupancy certificate of Industrial building erected on
Plot No 3C/1, Ecotech -II Sector, Udhyog Vihar from GNIDA
2009
-Execution of facility agreement for grant of loan by a consortium of
banks led by Union Bank of India
-Commencement of commercial production of SPV cells with one
manufacturing line having an annual manufacturing capacity of 80 MW
-Approval of the Scheme by the High Court of Delhi at New Delhi
-Filing of the Scheme with the RoC by the Transferor Company and our
Company
-Grant of Equity Shares in the proportion of 1:1 to the
shareholders of Transferor Company, pursuant to the terms of the
Scheme
-Time overrun with respect to installation of our first SPV cell
manufacturing line cost overrun in relation to the two manufacturing
lines for our SPV cell.
-Associated with the Semiconductor Equipment and Materials
International, USA, Indian Semiconductor Association and SESI
2010
-Indosolar inks one of the largest deals in solar energy with
GCL-Poly.
-Registered as member (till November 30, 2010) of Bharat Oil & Waste
Management Ltd. for safe, legal and scientific disposal of hazardous
waste
-Commencement of commercial production of second manufacturing line
of SPV having an annual manufacturing capacity of 80 MW.
2011
-The Company has entered into a Memorandum of Understanding with GCL
Solar System Limited, China to explore the possibility of development
of solar farms in India.
2012
-The Board has appointed Mr. Arun Kumar Gupta and Mr. Gurbaksh Singh
Vohra as additional directors in the category of Independent and
Non-Executive Directors.
2013
-The company has appointed Mr. Anand Kumar Agarwal as Whole Time
Director and Compliance Officer of the Company with effect from
February 13, 2013.
2014
-Indosolar has entered into solar cell supply contract of 5.50 MW
valuing approximately Rs. 15.80 Crores under Domestic Content
Requirement of National Solar Mission with EMMVEE Photovoltaic Power
Private Limited, Bengaluru.
-The company tered into single largest solar cell supply contract of
60 MW under Domestic Content Requirement of National Solar Mission
with Azure Power India Private Limited.
-Indosolar has entered into solar cell supply contract of 67 MW
valuing approximately Rs. 191 Crores under Domestic Content
Requirement of National Solar Mission with Waaree Energies
Ltd.
2015
-Indosolar signs Wafer Supply pact with Osung Lst
-India crosses 5GW in solar power capacity : B2I
-Japans SoftBank wins its First Solar Project in India
