Saatvik Green Energy Acquires 80% Stake in Melcon Transformers

Saatvik Green Energy Limited has officially entered the power transmission and distribution manufacturing sector by acquiring a majority 80% stake in Jaipur-based Melcon Transformers.

Strategic Expansion into Transformer Manufacturing

In a significant move to diversify its manufacturing portfolio, Saatvik Green Energy Limited has announced the acquisition of an 80% equity stake in Melcon Transformers and Electricals Private Limited. The official Share Purchase Agreement (SPA) was signed on April 23, 2026, marking Saatvik’s formal entry into the high-precision world of transformer manufacturing.

By securing this majority stake, Saatvik follows in the footsteps of other industry giants like Waaree Energies and Premier Energies, who have also integrated transmission equipment into their business models. This acquisition is designed to transform Saatvik from a solar-centric manufacturer into a comprehensive, integrated energy solutions provider.

Inside the Deal: Melcon’s Technical Edge

Melcon Transformers, established in 2005 and headquartered in Jaipur, Rajasthan, is a well-known name in India’s power distribution segment. The company specializes in the design, engineering, and export of a wide variety of transformers, including:

Oil-type and Dry-type Transformers
Auxiliary and Energy-efficient Models
Capacity Range: From 5 KVA to 12,500 KVA (up to 33 kV class)

The company operates an ISO 9001-certified manufacturing facility in Alwar, catering to a diverse clientele that includes major Public Sector Undertakings (PSUs) and large private utilities. With a consistent order book and a reputation for technical reliability, Melcon provides the perfect foundation for Saatvik to scale its infrastructure capabilities.

The Vision for an Integrated Energy Ecosystem

Prashant Mathur, CEO, Saatvik Green Energy Limited Said, “India’s energy transition will not be defined by capacity alone, but by the strength of the ecosystem that supports it. At Saatvik, we are building that ecosystem with intent and precision. Our acquisition of Melcon is a strategic step towards deepening our control across the power value chain. By integrating transformer manufacturing, we are not just adding a capability we are enhancing execution speed, ensuring quality assurance, and creating a more resilient and responsive supply chain. Transformers are a critical bridge between generation and consumption. Without robust transmission infrastructure, renewable capacity cannot translate into reliable power. We are consciously evolving from being a solar manufacturer to becoming an integrated energy solutions player one that doesn’t just participate in India’s clean energy growth but actively shapes and enables it at scale.”

Saatvik’s Growing Footprint

Currently, Saatvik Green Energy is a dominant force in the solar PV market, boasting a 4.8 GW module manufacturing facility in Ambala, Haryana. The company is also aggressively developing an integrated project in Odisha, which will feature 4 GW of module capacity and 4.8 GW of solar cell capacity.

With the addition of Melcon’s expertise, Saatvik is now positioned to offer end-to-end solutions—from solar generation to grid-level distribution—strengthening its role as a key enabler of India’s renewable energy targets for 2030.