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Fujiyama Power Systems

Fujiyama Power Systems

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Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

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Overview

Fujiyama Power Systems was incorporated as ‘Fujiyama Power Systems Private Limited’ as a private limited company on November 29, 2017 under the Companies Act, 2013, pursuant to a certificate of incorporation dated December 12, 2017, issued by the Registrar of Companies, Central Registration Centre. The company was subsequently converted from a private limited company to a public limited company pursuant to a special resolution passed by its Shareholders on October 10, 2024, and the name of the company was changed to ‘Fujiyama Power Systems Limited’. A fresh certificate of incorporation dated November 20, 2024 was issued by the Registrar of Companies, Central Processing Centre, pursuant to the change of name of the company on conversion to a public limited company. 

It is a manufacturer of products and solution provider in the roof-top solar industry, including on-grid, off-grid and hybrid solar systems. It strives to excel in solar panel manufacturing, solar inverter manufacturing (covering on-grid, hybrid, and off-grid solutions), and both lead acid and lithium-ion battery production. Additionally, it supports robust R&D capabilities in inverter technology and provides a wide variety of solar SKUs, distinguishing the company as a well-rounded leader in the industry. It has built a brand recall and reputation in the industry through its brands 'UTL Solar', and 'Fujiyama Solar'. 

It has developed few manufacturing facilities and R&D capabilities domestically, and with a consistent focus on technological development and product innovation, it has a track record of being one of the few companies in India to develop Online UPS with single card, Combo UPS along with automatic voltage regulation (AVR), high frequency online UPS and single card surface mount technology (SMT) inverter in India. The company began manufacturing solar power conditioning units (PCU) in 2012 whereas online solar PCUs in 2014. It is the first Indian company to develop an SMT based inverter with single card in the year 2000. 

It has designed and developed hundreds of SKUs which includes a full range of solar inverters, solar panels and batteries, with a goal of limiting the need of its customers to look to other OEMs. It services its customers through an extensive pan-India distribution network of over hundreds of distributors, thousands of dealers and thousands of exclusive ‘Shoppe’ franchisees, who are trained by it in understanding the customer’s need and in planning, evaluating and supplying customized solar systems and solutions. It also has a dedicated team of over hundreds of qualified service engineers providing maintenance service and technical support to its customers.

Business area of the company

The company is primarily engaged in the design, supply, and installation of rooftop solar systems. It supplies a comprehensive range of solar products including solar panels, inverters and batteries. With a focus on innovation and R&D, the company has a history of developing various technologies, including its patented rMPPT technology and offers a wide product portfolio of over hundreds of SKUs under ‘UTL Solar’ and ‘Fujiyama Solar’ brands.

Products categories of the company

  • Solar Power Generation Systems
  • Power backup solution
  • Power supply solution
  • Chargers
  • Solar panel
  • Solar battery
  • Solar UPS/ inverter/converter
  • Other products including services and other operating income
  • E-Rickshaw charger
  • Online UPS

Awards and recognitions

  • 2019: Awarded U.P. Invest’ award in 2nd Ground Breaking Ceremony by Uttar Pradesh Government 
  • 2019: Awarded One of the 25 fastest growing electronic manufacturing company certificate by the CEO Magazine. 
  • 2019: Awarded ‘Largest Company in off-grid inverter’ in Sigma Summit by Enxpo Infomedia Conference & exhibit on Solar Applications & Innovation. 
  • 2019: Awarded ‘India’s Most Preferred Smart City Brands’ by UBM India 
  • 2020: Awarded ‘India’s Most Preferred Solar Energy Brands’ by Informa Market 
  • 2023: Awarded ISO 9001:2015 accreditation for Quality Management Systems for manufacturer of UPS, Invertors, SMU, of commercial, industrial and solar range inverters, e-rikshaw charger, battery, solar panel and power backup systems 
  • 2023: Awarded ISO 9001:2015 accreditation for Quality Management Systems for manufacturing of lead-acid batteries, solar panels and trading of solar inverter and charger
  • 2023: Awarded ISO 14001:2015 accreditation for Environment Management Systems for manufacturer of UPS, Invertors, SMU, of commercial, industrial and solar range inverters, e-rikshaw charger, battery, solar panel and power backup systems 
  • 2023: Awarded ISO 14001:2015 accreditation for Environment Management Systems for manufacturing of lead-acid batteries, solar panels and trading of solar inverters and charger
  • 2023: Awarded ISO 45001:2018 accreditation for Occupation Health and Safety Management Systems for manufacturer of lead-acid batteries, solar panels and trading of solar inverter and charger. 
  • 2023: Awarded ISO 45001:2018 accreditation for Occupation Health and Safety Management Systems for manufacturing of lead-acid batteries, solar panels and trading of solar inverters and charger 
  • 2024: Awarded ‘Certificate of Conformity’ from European Certification and Inspection Limited.
  • 2025: Awarded ‘Renewable Energy Excellence Award Solar Battery Manufacturing’ by Indian Chamber of Commerce 
  • 2025: Awarded ‘Most Trusted Brand of India’ in the category of ‘Rooftop Solar’ by Marksmen Daily 
  • 2025: Awarded ‘Brand of the Decade’ in the category of ‘Solar Energy Solutions’ by BARC Asia

History and milestones

  • 1996: Its Promoter, Pawan Kumar Garg, established a sole proprietorship under the trade name ‘UTL Electronics.’ 
  • 2008: Its Promoters, Pawan Kumar Garg and Yogesh Dua formed a partnership firm named ‘Fujiyama Power Systems.’ 
  • 2010: Fujiyama Power Systems became one of the few Indian entities to make high frequency online UPS and inverters. 
  • 2012: Fujiyama Power Systems began manufacturing solar PCU. 
  • 2014: Fujiyama Power Systems began manufacturing online solar PCUs. 
  • 2016: Fujiyama Power Systems was allotted order for phase 1 of Bharat Net, world’s largest rural broadband project. 
  • 2017: Incorporation of the company 
  • 2018: Acquisition of business of Fujiyama Power Systems by the company by way of a slump sale 
  • 2020: Expansion of solar PCU Capacity 
  • 2021: Set up of a solar panel manufacturing and lithium-ion battery unit 
  • 2021: Expanded to 450 plus Shoppe franchisees pan India 
  • 2022: Expanded its manufacturing capacity by adding annual capacity of 71 MW of solar panels at its Greater Noida Facility 
  • 2023: Expanded its manufacturing capacity for batteries by adding capacity of over 340,000 units per annum in its Bawal Facility 
  • 2023: Expanded its manufacturing capacity by adding annual capacity of over 200 MW solar panels at its Greater Noida Facility 
  • 2023: Expanded to 1000 plus Shoppe franchisees pan India 
  • 2025: Expanded its manufacturing capacity by adding an annual capacity of over 600 MW for solar inverters and 500 MWh for lithium battery at its Greater Noida facility 
  • 2025: Commissioned its Dadri Facility for the manufacturing of solar panels with an installed capacity of 1,200 MW per annum

Brands Of Fujiyama Power Systems

Brands Of Fujiyama Power Systems

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