Surana Ventures Ltd is part of the Surana Group Hyderabad, India. The company manufactures Solar Energy Systems with the focus on Solar Photovoltaic PV Modules. They provide high quality Solar PV Modules with the best price performance ration in the Indian market. The company has manufacturing units at Fabcity, SEZ, Hyderabad and Cherlapally, Hyderabad. The company's products are sold under the brand 'Surana Ventures' in the domestic market.
Surana Ventures Ltd was incorporated on November 8, 2006. In the year 2008, the company entered into the business of manufacture of solar energy systems with focus on solar PV Modules. In the same year, the company became joint venture company of Surana Telecom and Power Ltd and Bhagyanagar India Ltd with 49% shareholding each and the remaining 2% was held by promoter group.
During the year 2009-10, the company entered into scheme of arrangement with Surana Telecom and Power Ltd according to which the Solar Business of Surana Telecom and Power Ltd was merged into the company. The company's shares were listed on Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd with effect from January 7, 2011.
The company has undertaken the backward integration by way of installing 35 MW PV Cell line from Germany at a cost of Rs 90 crore. Also, the company has undertaken the installation of fully automated Solar Module Plant at a cost of Rs 10 crore. The company has already placed orders for 35 MW Cell line and the work relating to provision of auxiliary facilities including construction of buildings is in progress.