Oswal Pumps

About the Company

Oswal Pumps established in 2003, is one of India’s manufacturers of solar-powered and electric pumps, with a CAGR of 45.07% from FY22 to FY24. The company offers a diverse product portfolio including solar pumps, submersible and monoblock pumps, electric motors, and solar modules under the ‘Oswal’ brand. Serving agricultural, residential, commercial, and industrial sectors, Oswal is a leading supplier under the PM Kusum Scheme, with over 26,000 turnkey solar pumping systems delivered. With a pan-India distribution network, exports to 17 countries, and a strong in-house manufacturing base, Oswal is a trusted partner for sustainable water solutions.

Strengths

• Largest supplier of agri-solar pumps under the PM-KUSUM scheme
• Vertically integrated manufacturing with strong engineering and design capabilities
• Wide product portfolio across diverse specifications
• Strong market presence in major agricultural states like Haryana
• Expanding reach through an extensive distribution network
• Backed by an experienced Promoter and leadership team

Risks

• Business is reliant on the performance of the agricultural sector
• Significant dependence on the top 10 customers for revenue
• Geographic concentration of manufacturing facilities in Karnal, Haryana
• Exposure to regional risks like political unrest and natural disasters
• Risk of non-compliance with debt covenants and financing obligations
• Operations involve hazardous materials posing safety and liability risks