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Financial advisory for M&A of renewable energy assets

Robust Rooftop solar power solutions

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Go green with renewable energy through Open Access

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Our Services

On-Site Solar (Rooftop and Ground-mounted)

We have teamed up with world class On-Site Solar power developers in India to provide renewable energy solutions at Zero Capital investment, Zero effort, Zero Maintenance Costs and Guaranteed Savings from Day 1.

Off-Site Renewable Energy

Through open access route we bring renewable energy to you from a distant solar or wind park. Corporates can source a much larger fraction of their power through renewable energy than they would from a rooftop solar. (If you have a rooftop solar plant, typically you won’t have enough roof space to generate enough power to meet majority of your power consumption)

Mergers & Acquisitions

We take up made mandates for Mergers & Acquisitions of renewable energy assets (wind or solar) on both buy and sell side.

Guaranteed savings in electricity bill from day 1 owing to lower tariff per unit of electricity

Zero investment from your end

No technical & financial risk And Hassle- free maintenance of the plant

Reduce your carbon footprint



VEERA: 175 MW Solar Farm

India’s largest single location Open Access solar farm of 175 MWp at Gadag, Karnataka, The Veera. This project of 175 MW DC capacity spread across a span of 800 acres of agricultural land has been executed at an unparalleled speed using innovative techniques such as deployment of drones for laying the 220 KV transmission line backed by meticulous planning and solid execution, thereby setting a new benchmark in the solar industry. The Veera project has given employment to more than 1000 people and also access to better healthcare facilities, security and well-being.

The project Veera will be supplying clean energy to marquee fortune 500 multinational corporations such as Honda Motorcycles & Scooters, Cisco, Qualcomm, GE, Shell, Lafarge, ABB, Honeywell, Astra Zeneca which are global pioneers in their respective verticals.

3700kW Rooftop Solar Plant at Asahi India Glass

Asahi India Glass (AIS) is leading Glass Manufacturing Companies & suppliers in India for auto & architectural glass which offers frosted, toughened & solar control type of glasses. We advised a leading developer in negotiating a Power Purchase Agreement (PPA) for a 3700 kW rooftop solar plant based on the RESCO model with Asahi India.

M&A advisory to Sindicatum in acquisition of 15 MW Solar Plant in Gujarat

Suvarna Capital Limited advised Sindicatum Solar Energy Gujarat on the acquisition of the Patan 15 MWp solar plant, located within the Charanka Solar Park in the State of Gujarat. The plant was fully commissioned in 2012 by AES India and has successfully operated since. The plant is located on approximately 36 hectares of land.
The Gujarat Solar Park, founded in December 2010, is among the world’s first multi-developer, multi-facility, multi-technology and multi-beneficiary solar parks, located at Charanka Village in Patan District.

M&A advisory to Sindicatum in acquisition of 5.2 MW Solar Plant in Rajasthan

Suvarna Capital Limited also advised Sindicatum Solar Energy Rajasthan on acquisition of the 5.2 MWp solar plant located near Jodhpur, Rajasthan, which was commissioned in 2011 by AES India.
The region is blessed with one of the highest insolation levels observed in the country.
The project was developed under the National Solar Mission launched by the Government of India in 2010. The plant is connected to the 220 kV Grid Substation (located nearly 4.5 kms from the project location) which is connected to the North Eastern Western North-Eastern Grid (NEWNE),
The electricity generated from the project is being sold under a long-term power purchase agreement with NTPC Vidyut Vyapar Nigam Ltd (NVVN). Jodhpur Vidyut Vitaran Nigam Limited (JdVVNL) is the associated Discom for the project.

About Us

"Energy is central to nearly every major challenge and opportunity the world faces today. Be it for jobs, security, climate change, food production or increasing incomes, access to energy for all is essential.

Transitioning the global economy towards clean and sustainable sources of energy is one of our greatest challenges in the coming decades. Sustainable energy is an opportunity – it transforms lives, economies and the planet."

Sustainable Development Goal 7



Prashant Basanagoudar

Managing Director

Prashant is the Founder and Managing Director of Suvarna Capital Limited. He holds an MSc in International Securities, Investment & Banking from the ICMA Centre, University of Reading, Henley Business School, United Kingdom. Prashant is a fellow of the Chartered Institute of Securities & Investment (CISI) and a member of the Worshipful Company of International Bankers (WCIB).


Deepali Asundi

Vice President
Energy Solutions Business Development

Deepali holds an MBA in Finance from Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai. She is aspiring for the CFA Charter having cleared CFA Level II examination.


Laxmi Basanagoudar

Assistant Vice President
Business Development

Laxmi is a Renewable Energy Valuation Specialist. She holds a Bachelor of Engineering degree in Electrical and Electronics from Visvesvaraya Technological University in Karnataka.

Contact Us

Corporate Office

311, 15th Cross Road
Bengaluru 560080