In a significant move blending sports stardom with green energy, cricket legend Sachin Tendulkar has made a strategic investment in a Hyderabad-based solar power company. The 'Master Blaster' has acquired a stake in Suntek Energy Systems Pvt Ltd, which operates under the brand name TRUZON Solar, marking his continued interest in the entrepreneurial landscape of the city.
The Investment Details
According to a recent filing with the Registrar of Companies (RoC) in Hyderabad, Sachin Tendulkar purchased 1.8 lakh shares in Suntek Energy Systems for a sum of Rs 3.6 crore. This financial injection translates to an approximate 2% ownership stake in the solar engineering, procurement, and construction (EPC) firm. The investment highlights Tendulkar's confidence in the renewable energy sector and the company's growth potential.
Suntek Energy Systems: A Profile
Suntek Energy Systems, founded in 2008 by entrepreneur Ch Bhavani Suresh, has established itself as a notable player in the solar EPC domain. The company boasts a portfolio of around 400 MW of rooftop and ground-mounted solar installations. Its projects span the industrial, commercial, and residential segments across five Indian states: Telangana, Andhra Pradesh, Maharashtra, Madhya Pradesh, and Chhattisgarh.
Sources indicate that this investment comes at a pivotal time for Suntek, as the company is actively preparing to expand its operations. The expansion plan targets large-scale and institutional solar projects, aiming to establish a presence in new markets across southern, northern, and eastern India.
Tendulkar's Hyderabad Investment Portfolio
With this deal, TRUZON Solar joins a select group of Hyderabad-based companies that have attracted backing from the cricketing icon. Tendulkar's investment history in the city includes:
- Azad Engineering (2023): He invested Rs 5 crore in this aerospace and defence components maker in March 2023 and successfully exited during the company's Initial Public Offering (IPO) in December 2023.
- Smartron (2016): Tendulkar invested an undisclosed amount in this Internet of Things (IoT) company. His current status regarding this investment remains unclear.
This pattern demonstrates Tendulkar's strategic approach to investing in innovative and sector-leading companies based in Hyderabad, contributing to the city's reputation as a hub for technology and sustainable industry.
The move by Sachin Tendulkar is seen as a strong endorsement for India's renewable energy sector, particularly solar power. It brings considerable visibility to Suntek Energy Systems and underscores the growing trend of high-profile individuals channeling capital into sustainable and future-ready businesses. This investment is expected to bolster Suntek's expansion ambitions and strengthen its market position as it scales up operations nationwide.
