The Zynergy Group led by Rohit Rabindernath has received initial investments from UK based Kohli Ventures and projects to achieve a turnover of US$ 500 million in five years. Zynergy will raise an additional US$ 100 million more from other sources in the following three years.
The first tranche of Kohli Ventures' investment amounting to US$ 5 million was received recently by Zynergy, an emerging solar products and process player based in Chennai and Singapore. The group, established in 2011, has evolved as a fully integrated entity offering solar product and process solutions across the sector's value chain.
This is Kohli Ventures' maiden investment in the Indian solar sector. The investment will boost Zynergy's expansion globally, primarily through the establishment of a state-of-the-art manufacturing unit at Tirunelveli, Tamilnadu with technology from Singulus, Germany. Zynergy is already a known name in solar home lighting solutions, having completed the largest implementation by any company in India of over 50,000 rural homes.
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