Fujiyama Power Systems IPO — Date, Price Band, GMP & Allotment 2025

Fujiyama Power Systems Limited, originally incorporated as a private limited company on November 29, 2017, traces its roots to 1996 when its promoter Pawan Kumar Garg established a sole proprietorship named UTL Electronics. In 2008, promoters Pawan Kumar Garg and Yogesh Dua formed a partnership firm under the name Fujiyama Power Systems, pioneering high-frequency online UPS and inverters in India, followed by expansions into solar PCUs in 2012 and online solar PCUs in 2014. The company acquired the partnership's business via slump sale in 2018 and has since scaled manufacturing capacities across facilities in Greater Noida, Bawal, Parwanoo, and the newly commissioned Dadri unit, achieving milestones like supplying Bharat Net Phase 1 in 2016 and growing its franchise network to over 1,000 Shoppe outlets by 2023.

The company specializes in rooftop solar systems and power backup solutions, offering an extensive portfolio of over 522 SKUs including on-grid, off-grid, and hybrid inverters, solar panels, lithium-ion and tubular batteries, UPS systems, charge controllers, and EV chargers. Its integrated business model provides end-to-end solutions—from manufacturing to installation and after-sales support—through a pan-India network of 670+ distributors, 5,100+ dealers, and 600+ service engineers, minimizing customer reliance on third-party OEMs. This B2B and B2C approach emphasizes R&D-driven innovation in power electronics to serve residential, commercial, and industrial segments amid rising renewable energy demand

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The Fujiyama Power Systems company's financial performance (in ₹ Cr.) is summarized below:

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