MOS Utility Expands into Solar Power Sector

• MOS Utility Ltd ventures into solar power sector to diversify and meet demand for renewable energy solutions, driving growth and market presence.

Indian fintech firm MOS Utility Ltd has announced plans to expand into the solar power sector in order to diversify its business and tap into the growing demand for renewable energy solutions. The company's board has approved a proposal to add solar-related activities to its memorandum of association, including manufacturing, assembling, and trading solar products such as panels, cells, batteries, and energy storage devices.

The move is aimed at creating new revenue streams, enhancing market presence, and driving long-term growth for MOS Utility. The proposal is subject to shareholder approval, and the company's co-founder and executive director, Chirag Shah, expressed optimism about the potential of branching out into the solar power sector.

MOS Utility was established in 2009 as a provider of digital products and services in various sectors, including fintech, travel, insurance, and utility services. The company's decision to enter the solar power sector reflects its strategic vision to expand its portfolio and capitalize on the increasing demand for renewable energy solutions in India and abroad.

How is MOS Utility Ltd planning to diversify its business in the solar power sector?

• MOS Utility Ltd plans to start manufacturing solar panels, cells, batteries, and energy storage devices to cater to the growing demand for renewable energy solutions.
• The company will also focus on assembling and trading solar products to diversify its business in the solar power sector.
• MOS Utility aims to create new revenue streams, enhance market presence, and drive long-term growth by entering the solar power sector.
• The proposal to add solar-related activities to its memorandum of association is subject to shareholder approval.
• Co-founder and executive director, Chirag Shah, is optimistic about the potential of branching out into the solar power sector and sees it as a strategic move for the company's growth.