Mumbai- 9^th May 2025: Aerem Solutions and OMC Power have entered into a strategic partnership to unlock ₹200 crore in financing for rooftop solar solutions targeted at India’s Micro, Small, and Medium Enterprises (MSMEs) in Uttar Pradesh. The collaboration is designed to scale solar adoption among MSMEs by providing access to affordable finance, supporting India’s transition toward a low-carbon economy.

Under this agreement, Aerem through its NBFC, will enable credit facilities of ₹200 crore to OMC Power’s customers, enabling MSMEs to invest in energy-efficient solar systems with easy financing solutions. This initiative reflects both companies’ shared commitment to advancing sustainable economic growth and promoting clean energy practices, especially in underserved regions such as Uttar Pradesh.

Mr Vikesh Agrawal, Co-founder and COO, Aerem Solutions stated, “At Aerem, we are committed to catalyzing India’s journey to a greener and low-carbon economy. This ₹200 crore credit partnership is a key step in that direction. MSMEs are central to India’s Net Zero ambitions, and by empowering them with easy access to solar financing, we are integrating sustainability into the core of our financing strategy”.

Mr Rohit Chandra, Managing Director and CEO, OMC Power said, “This partnership marks a major milestone in enabling MSMEs to embrace clean energy. At OMC, we believe that democratizing access to sustainable solutions is essential to India’s Net Zero future. Our collaboration with Aerem brings together complementary strengths to create real impact at the grassroots level. This initiative is expected to significantly expand the footprint of distributed solar solutions across MSMEs, supporting energy cost savings, business competitiveness, and environmental stewardship.”

The partnership combines Aerem’s expertise in climate-focused financing with OMC Power’s deep operational presence and understanding of grassroots energy needs. Together, the two companies aim to remove financial barriers and accelerate distributed solar deployment for MSMEs across India.

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Commenting on the order, Sarika Bhatia, Director, Servotech Renewable Power System Ltd. (formerly known as Servotech Power Systems Ltd.)  said, “This first order in the railway sector is a testament to our technological capabilities and our commitment to providing sustainable energy solutions across various industries. We are enthusiastic about the potential opportunities within this sector and are confident in securing further solar projects in the near future. Our expertise will significantly support Indian Railways’ green energy initiatives”.

Servotech has established a strong presence in the renewable energy landscape, working closely with major oil marketing companies and state governments, and nodal agencies to deploy solar solutions and EV charging infrastructure across the country. The company is dedicated to innovation and providing sustainable solutions, and is now actively expanding its footprint within the Indian Railway sector to contribute their ambitious sustainability goals. This entry into the railway sector opens up new avenues for growth and aligns with the company’s vision of contributing to a greener future throughout the Indian Railways.

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