Business
Waaree enters Transformer Business with Strategic Majority Acquisition of Kotsons Private Limited
Waaree Solar Americas, announced that its parent firm, Waaree Energies Limited, India's leading energy transition company, has acquired 64% equity stake in Kotsons Private Limited through a primary capital infusion, making Kotsons a subsidiary of Waaree Energies. The proceeds of this infusion will be strategically utilized to further expand Kotsons' manufacturing capacity, enabling it to meet the growing domestic and global demand for transformers.
About this update from Waaree Energies Limited
[{"type":"text","content":"HOUSTON, Sept. 3, 2025 /PRNewswire/ -- Waaree Solar Americas, announced that its parent firm, Waaree Energies Limited, India's leading energy transition company, has acquired 64% equity stake in Kotsons Private Limited through a primary capital infusion, making Kotsons a subsidiary of Waaree Energies. The proceeds of this infusion will be strategically utilized to further expand Kotsons' manufacturing capacity, enabling it to meet the growing domestic and global demand for transformers.","length":499,"tagName":"p"},{"type":"image","alt":"Waaree Americas Logo","displaySize":"","headline":null,"caption":"Waaree Americas Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":110,"url":"https://media.zenfs.com/en/prnewswire.com/d8bc8815e0a8d8100bee6a0f4e798b76"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/SHqJd7kMk8fXXbivjAc5mQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/d8bc8815e0a8d8100bee6a0f4e798b76","width":400,"height":110}}},{"type":"text","content":"Established in 1979, Kotsons brings over four decades of expertise in transformer manufacturing currently having a production capacity of 4,000 MVA. The company manufactures transformers up to 35 MVA 36kV and already holds UL certifications to serve the USA and Canada. This capacity will further be expanded to manufacture & supply 110kV/132kV/220kV transformers to USA & India.","length":387,"tagName":"p"},{"type":"text","content":"For Waaree's customers, this translates into a more holistic offering - from world-class solar modules to transformers that ensure reliable grid integration, improved project economics, and faster deployment timelines.","length":222,"tagName":"p"},{"type":"text","content":"Dr. Hitesh Doshi, Chairman & Managing Director, Waaree Group, said: "Transformers are a critical enabler in solar and renewable energy infrastructure, ensuring efficient power distribution and reliable grid integration across international markets. Waaree's entry into the transformer business through Kotsons is a strategic extension of our vision to provide integrated, end-to-end energy solutions. For our customers in the US and globally, this integration means access to world-class solar modules and internationally certified transformers, delivering t...