The Solar Startup Ksquare Energy Powering Rooftops: Started with just ₹15,000 capital, Now Made ₹74 Cr. Revenue in FY24

Kuldeep Sorathiya with his brother Kalpesh Sorathiya, the Gujarat-based entrepreneurs, are on a mission to powering rooftops across India, solving through their solar energy venture, Ksquare Energy.

Buried Under ₹17 Lakh Debt, But Refusing to Give Up

Kuldip Sorathiya, raised in a humble farming family in the small village of Kolda, Gujarat, had grown up with big dreams. But those dreams came crashing down when his hopes of studying in Canada were dashed.

Kuldip had set all his hopes on going to Canada to study, believing it could change his life. But when the financial organisation turned down his education loan—because his family didn't have income tax returns—everything fell apart.

Already struggling under ₹17 lakh of family debt, he was left heartbroken. The future he had worked so hard for suddenly seemed impossible.

But instead of giving up, Kuldip chose to focus on what he could control—finding a way forward.

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Started as a Small Dream in a Rented Room, Now Lighting Up Home

A year later, with just ₹15,000 in savings and a tiny 150 sq. ft. rented room in Ahmedabad, Kuldeep, with his brother Kalpesh, took a leap of faith and started Ksquare Energy. It wasn't easy—he had no fancy office, no big team, just determination and a belief in the power of solar energy.

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That small start has grown into something remarkable. Today, Ksquare Energy is one of India's fastest-growing solar companies—powering over 8,000 homes, supplying to more than 650 EPC firms, and proudly ranking among the top 10 vendors under the PM Surya Ghar Yojana. 

What began as a small dream in a rented room is now lighting up homes across the country.

A Disappointing Experience Led to A Bold Move

Kuldip's entrepreneurial journey started humbly—as a commission agent, selling solar products made by others. But it didn't take him long to realise something important: to truly make a difference, he needed control over quality and customer experience.

Out in the field, he kept hearing the same complaints, equipment failures, inconsistent performance, andpoor service. Instead of ignoring the feedback, he listened. And that's what set him apart. 

This disappointing experience led Kuldip to a bold move; he stepped into manufacturing.

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Ksquare Energy: Powering Rooftops

Started small, focusing on the basic components like ACDBs, DCDBs, SCBs, MCBs, and cables. For Kuldip, it was about fixing real problems people were facing every day.

By stepping into manufacturing, he wasn't just growing his business; he was making solar energy more reliable and accessible. He has a clear and simple: to deliver better quality, better service, and solutions people could truly count on.

Small Starting to Leading the Industry

Seven years on, Ksquare Energy has grown into a 130-member strong team, with its presence now spread across 23 states. 

From humble beginnings, the company has successfully completed over 8,000 rooftop solar installations and now supplies 700–800 components to more than 650 EPC partners—building a brighter, greener future.

What started with just ₹15,000 in a small rented room is now a testament to Kuldip's unwavering determination. His tireless efforts have expanded its operations to warehouses in Ahmedabad, Pune, Lucknow, and Bengaluru—and have earned its place among the top 10 vendors under the PM Surya Ghar Muft Bijli Yojana.

Humble Beginning to a Bold Financial Future

With a small beginning and a big dream, thebrothers embarked on their journey that has now become a source of inspiration for many. Financially, the company recorded a revenue of ₹74 crore in FY 2023–24 and has remained profitable since its inception. 

It achieved a remarkable 56% year-on-year growth and has set a target of ₹225 crore by FY 2025–26, with an ambitious vision to surpass ₹1,000 crore by 2030.

The story of the Gujarati brothers and their solar startup, Ksquare Energy, proves that no matter where you stand today, what truly matters is the future you are building.

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