Citrus Interactive

HOME > ALTERNATIVE PRODUCTS > UPDATES

UPDATES

IPO

GK Energy coming with an IPO to raise upto Rs 486 crore

Sep-17-2025

GK Energy

GK Energy is coming out with a 100% book building; initial public offering (IPO) of 3,17,86,206 shares of Rs 2 each in a price band Rs 145-153 per equity share.
Not more than 50% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5% to the mutual funds. Further, not less than 15% of the issue will be available for the non-institutional bidders and the remaining 35% for the retail investors.
The issue will open for subscription on September 19, 2025 and will close on September 23, 2025.
The shares will be listed on BSE as well as NSE.
The face value of the share is Rs 2 and is priced 72.50 times of its face value on the lower side and 76.50 times on the higher side.
Book running lead managers to the issue are IIFL Capital Services and HDFC Bank.
Compliance Officer for the issue is Jeevan Santoshkumar Innani.

Profile of the company

GK Energy is India’s largest pure play provider of engineering, procurement and commissioning (EPC) services for solar-powered agricultural water pump systems (which are also referred to as solar-powered pump systems) under Component B of the Central Government’s Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan scheme (the PM-KUSUM Scheme) as measured by the number of solar-powered pump systems installed under the PMKUSUM Scheme in the period from January 1, 2022 to July 31, 2025. The company offers farmers an end-to-end single source solution for the survey, design, supply, assembly and installation, testing, commissioning and maintenance of solar-powered pump systems.

The company has been empanelled as a vendor under the Ministry of New and Renewable Energy for the PM-KUSUM Scheme in the states of Maharashtra, Haryana, Rajasthan, Uttar Pradesh and Madhya Pradesh. As at July 31, 2025, the five states of Maharashtra, Haryana, Rajasthan, Uttar Pradesh and Madhya Pradesh comprised 86% of the total number of solar-powered pump systems approved for subsidies under Component B of the PM-KUSUM Scheme. In addition, the company is also empaneled under various state government schemes such as Maharashtra’s Magel Tyala Saur Krushi Pump Yojana, Madhya Pradesh’s Pradhan Mantri Krishak Mitra Surya Yojana and Chhattisgarh’s Saur Sujala Yojana.

It currently primarily provides the EPC for solar-powered pump systems, which comprises direct-to-beneficiary sales and sales to others. Direct-to-beneficiary sales comprise (i) the EPC of GK Energy brand solar-powered pump systems to farmers who chose it as their vendor on portals of agencies appointed by state governments (known as state nodal agencies or state implementing agencies “SNAs/SIAs”) wherein the orders are placed with it by SNAs/SIAs under the PM-KUSUM Scheme and similar state government schemes, and (ii) the EPC of GK Energy brand solar dual water pump systems (solar-powered pump systems that include water storage) to local government bodies. Sales to others comprise the EPC of solar-powered pump systems under orders placed by customers directly with the company.

Proceed is being used for:

Funding its long-term working capital requirements
General corporate purposes

Industry Overview

The solar-powered pump systems market has witnessed significant growth globally over the past five years from the beginning of CY2018 to CY2023. These pumps are increasingly seen as a sustainable and economically viable alternative to traditional diesel-powered irrigation systems, especially in rural areas with limited access to electricity. To respond to growing concerns over climate change, energy access, and rising fuel prices, governments and international organizations are providing incentives to encourage the adoption of solar-powered pump systems. The agriculture solar-powered pump systems installed capacity has grown nearly 2 times between 2018 and 2023. The total additions from the beginning of CY2019 till the end of CY2023 touched 603 MW with India accounting for 95% of the additions.

The Indian solar-powered pump systems market has experienced remarkable growth, especially driven by the PMKUSUM initiative launched by the central government in 2019. Fresh installations of solar-powered pump systems under PM KUSUM from the beginning of Fiscal 2019 to July 2025 scaled up to approximately 0.85 million. Within PM-KUSUM, the installed base by July 2025 was largely driven under component B to the extent of 99%. States like Maharashtra, Haryana, Rajasthan have shown high policy focus on enhancing deployment. They collectively accounted for 72% of the sanctions under component B by July 2025. The top three states of Maharashtra (50%), Haryana (19%) and Rajasthan (13%) were cumulatively responsible for 81% of all installations in PM-KUSUM component B from the beginning of Fiscal 2019 to July 31, 2025.

Going ahead, installations are expected to be driven by policy, increased consumer awareness and player proliferation. The segment is expected to witness a multi-fold growth under the PM KUSUM initiative. PM-KUSUM witnessed a capacity addition of around 0.5 million solar pumps between March 2024 and July 2025, indicating faster implementation, complemented by higher demand. This is expected to drive expansion in the coming period. Crisil Intelligence expects the installed base under PM-KUSUM to increase from 0.85 million (as per “List of beneficiaries” details from PM KUSUM portal as accessed on 18th August 2025) at the end of July 31, 2025, to 4.0 million by the end of Fiscal 2029. With this, nearly 77-82% of the sanctioned base under PM-KUSUM components B and C would have been installed by Fiscal 2029. The improvement will be further supported by state-driven initiatives such as Maharashtra’s Magel Tyala Saur Krushi Pump Yojana, with a similar completion rate expected against a sanction of 1 million pumps by Fiscal 2029 and Madhya Pradesh’s Pradhan Mantri Krishak Mitra Surya Yojana, was approved on January 24, 2025.

Pros and strengths

Leading pure play provider of the EPC of solar-powered pump systems in Maharashtra: The company is the leading pure play provider of the EPC of solar-powered pump systems in Maharashtra under the PMKUSUM Scheme, with around 15% of the total solar-powered pump systems installed under the PMKUSUM Scheme in Maharashtra as at July 31, 2025. The company will deepen its penetration in Maharashtra as it executes its SPPS Order Book, which as at August 15, 2025, included Rs 9,887.44 million for 42,311 solar-powered pump systems to be installed in Maharashtra under the PMKUSUM Scheme, Magel Tyala Saur Krushi Pump Yojana and others. Maharashtra presents a robust opportunity to the solar-powered pump systems industry as approximately 4.5 million farmers of the total 9.1 million individual farmer beneficiaries in the state rely on grid electric pumps while the balance awaits connections.

Decentralised infrastructure and localised workforce: The company has a decentralised infrastructure, comprising 12 warehouses in three states as at August 30, 2025, and a localised workforce of 90 employees and 709 workmen as at March 31, 2025, which enable it to efficiently operate across broad geographic areas in five states. It generally hires and trains its manpower locally, which enhances the local economy by providing jobs, better earnings and skill enhancement for local residents, while also contributing to its operational efficiency. Its decentralised warehouses also contribute to its operational efficiency. In addition, where there is less demand for solar-powered pump systems, it has flexible arrangements with its third-party installation and commissioning service providers to temporarily utilise their facilities for storage.

Track record of profitable financial performance and rapidly increasing growth: The company’s revenue from operations increased from Rs 2,850.26 million for Fiscal 2023 to Rs 10,948.27 million for Fiscal 2025, representing a CAGR of 95.99%. Its EBITDA increased from Rs 171.79 million for Fiscal 2023 to Rs 1,996.86 million for Fiscal 2025, representing a CAGR of 240.94%. Its profit for the year increased from Rs 100.80 million for Fiscal 2023 to Rs 1,332.09 million for Fiscal 2025, representing a CAGR of 263.53%. Its EBITDA Margin has improved from 6.03% for Fiscal 2023 to 18.24% for Fiscal 2025, and its PAT Margin has improved from 3.53% for Fiscal 2023 to 12.12% for Fiscal 2025.

Well-positioned to seize opportunities in the rooftop solar market: The company is well positioned to seize the growing market opportunity presented by government schemes and general public awareness of the importance of renewable energy in the context of global warming. The company has significant experience implementing rooftop solar projects, and the EPC for solar-powered pump systems and that of rooftop solar systems are very similar. The minor differences are: (i) the solar panels for solar-powered pump systems are generally installed on the ground, whereas in case of rooftops, the panels are installed on the roof, and (ii) the solar-powered pump system requires a controller, whereas the rooftop system requires an inverter. Its brand recognition and captive consumer base comprising existing beneficiaries of its solar-powered pump systems, complemented by its experience, position it to succeed in this new business line.

Risks and concerns

Dependent on limited customers for significant revenue: The company derived Rs 1,656.36 million, Rs 685.29 million and Rs 113.65 million, equivalent to 15.13%, 16.67% and 3.99% of its revenue from operations for Fiscals 2025, 2024 and 2023, respectively, from its top customer in the respective years. The loss of its top customer for Fiscal 2025 and Fiscal 2024 or a material decrease in revenue from it without an equal or more increase in revenue from its other services could have a material adverse effect on its financial condition, results of operations and cash flows.

Geographical constrain: The company currently conducts its business in the states of Maharashtra, Chhattisgarh, Haryana, Uttar Pradesh, Rajasthan, and Madhya Pradesh. The company has garnered 93.12%, 67.63% and 61.83% of its total revenue from the state of Maharashtra only in FY25, FY24 and FY23 respectively. Any sustained downturn in the economy of any of those states, Maharashtra in particular, could reduce demand for solar-powered pump systems and thereby adversely affect its business, financial condition, results of operations and cash flows.

Business is subject to seasonal fluctuations: The company experiences higher volumes of business in the third and fourth quarters of each fiscal year due to the winter season, which is around November to March each year. It expects its revenue from operations to be higher in the third and fourth quarters of each fiscal year compared to the first two quarters. Consequently, any slowdown in demand for its services during the third and fourth quarters of a fiscal year could have a material adverse effect on its financial condition, results of operations and cash flows for that fiscal year.

High working capital requirement: The company’s business requires it to have a significant amount of working capital, as it needs to pay for all of the materials and components for its EPC services before it receive payment for its services. The company’s total borrowings increased from Rs 622.87 million as at March 31, 2024 to Rs 2,177.89 million as at March 31, 2025 primarily due to the purchase of vehicles through vehicle loans and non-current borrowings to support its growth and finance its long-term working capital. The company’s borrowings are expected to continue to increase due to the need to retain bank balances in the form of fixed deposits which can be offered as security to secure fund and non-fund based limits to fulfil its working capital requirements. Failure to obtain adequate financing or generate sufficient cash flow to meet its working capital requirements and other liquidity requirements could have a material adverse effect on its business, financial condition, results of operations and cash flows.

Outlook

GK Energy provides EPC services for solar-powered agricultural water pump systems under Component B of the Central Government’s PM-KUSUM Scheme. The company offers farmers an end-to-end single-source solution for the survey, design, supply, assembly and installation, testing, commissioning and maintenance of solar-powered pump systems. The company currently operates an asset-light business model. The company sources solar panels, pumps and various other components of solar-powered pump systems under the “GK Energy” brand from different specialised vendors. On the concern side, the company currently conducts its business in the states of Maharashtra, Chhattisgarh, Haryana, Uttar Pradesh, Rajasthan, and Madhya Pradesh and any sustained downturn in the economy of any of those states, Maharashtra in particular, could reduce demand for solar-powered pump systems and thereby adversely affect its business, financial condition, results of operations and cash flows. Moreover, the company relies on a limited number of third-party suppliers for components and materials for its business. A failure by a key supplier to perform could have a material adverse effect on its business, financial condition, results of operations and cash flows.

The issue has been offering 3,17,86,206 shares in a price band of Rs 145-153 per equity share. The aggregate size of the offer is around Rs 460.90 crore to Rs 486.33 crore based on lower and upper price band respectively. Minimum application is to be made for 98 shares and in multiples thereon, thereafter. On performance front, the company’s revenue from operations increased by 166.32% to Rs 10,948.27 million in Fiscal 2025 from Rs 4,110.89 million in Fiscal 2024, which increase was primarily due to increase in revenue from EPC for solar-powered pump systems. Moreover, the company’s profit for the year increased by 269.10% to Rs 1,332.09 million for Fiscal 2025 from Rs 360.90 million for Fiscal 2024.

The company has grown its business by choosing to be asset light. It sources solar panels, pumps and various other components of solar-powered pump systems under the “GK Energy” brand from different specialised vendors. Among these components, solar panels accounted for the largest portion of the direct costs of its EPC of direct-to-beneficiary solar-powered pump systems in Fiscals 2025, 2024, and 2023. It now aims to improve its margins by diversifying into manufacturing its own solar panels for captive use to complement its strategy of expanding its rooftop solar business in order to diversify its sources of revenue. The company plans to set up a solar panel manufacturing plant in the state of Maharashtra with an annual installed capacity of 1 GW by the end of September 2026.

RELATED NEWS >>



Sep 17, 2025

GK Energy coming with an IPO to raise upto Rs 486 crore

read >>

Sep 17, 2025

JD Cables coming with IPO to raise Rs 96 crore

read >>

Sep 17, 2025

Saatvik Green Energy coming with IPO to raise upto Rs 947 crore

read >>

Sep 16, 2025

Ivalue Infosolutions coming with IPO to raise upto Rs 560 crore

read >>

Sep 16, 2025

Sampat Aluminium coming with IPO to raise Rs 30.53 crore

read >>

CitrusInteractive.in (Citrus Interactive) respects the privacy of its users and is committed to protecting it in all respects. Citrus Interactive is associated with Citrus Advisors.

To subscribe to our site, users are required to provide certain information for the registration process, namely: your name, email address, contact number, and city (all the required information is service dependent). The information supplied by users enables us to improve our site and provide you a user-friendly experience.

To improve the responsiveness of our site for users, we may use "cookies", or similar electronic tools to collect information. Here a unique, random number is assigned to each visitor (actually, to his computer) which serves as a User ID. This enables us to understand the user's individual interests. Unless you voluntarily identify yourself (through registration, for example), we will have no way of knowing who you are, even if we assign a cookie to your computer. The only personal information a cookie can gather is information that you supply (an example of this is when you provide information on some sites and ask for a personalised horoscope). A cookie cannot read data off your hard drive. Our advertisers may assign their own cookies to your browser (if you click on their ads), a process that we do not control.

Our web servers automatically collect limited information about your computer's connection to the Internet, including your IP address, when you visit our site. (Your IP address is a number that lets computers attached to the Internet know where to send you data -- such as the web pages you view.) Your IP address does not identify you personally. We use this information to deliver our web pages to users upon request, to tailor our site to our users' interests, to measure traffic at our site, and to let advertisers know the geographic locations from where our visitors come.

Citrus Interactive includes links to other websites. Such sites are governed by their own privacy policies, which are beyond our control. Once you leave our servers (you can tell where you are by checking the URL in the location bar on your browser), use of any information you provide is governed by the privacy policy of the operator of the site you are visiting. That policy may differ from ours. If you can't find the privacy policy of any of these sites via a link at the site's homepage, you should contact the site directly for more information.

When we present information to our advertisers -- to help them understand our audience and confirm the value of advertising on our website -- it is usually in the form of aggregated statistics on traffic to various pages within our site. When you register with Citrus Interactive, you will from time to time receive updates of content. We provide users those features that we believe will benefit them.

EXCEPT FOR PAYMENT DETAILS LIKE CREDIT-CARD, DEBIT-CARD OR INTERNET BANKING DETAILS (which are collected not by us but by industry-standard, independent, third-party controlled payment gateways), all information on Citrus Interactive is stored securely within a database controlled by Citrus Interactive. This database is stored on secured servers.

Access to our servers is password-protected and is strictly limited. However, as effective as our security measures are, no security system is impenetrable. We cannot guarantee the security of our database, nor can we guarantee that information you supply will not be intercepted while being transmitted to us over the Internet. And, of course, any information you include in a posting in the discussion areas is available to anyone with Internet access.

The internet is an ever evolving medium. We may change our privacy policy from time to time to incorporate necessary changes in future. Of course, our use of any information we gather will always be consistent with the policy under which the information was collected, regardless of what the new policy may be.

We may also at times share aggregate information with companies and websites belonging to the same group - Citrus Advisors.

We use third-party advertising companies to serve ads on our web site. These companies may use information (not including your name, address, email address or telephone number) about your visits to this and other web sites in order to provide advertisements about goods and services of interest to you.

Any questions or clarifications regarding this policy may be sent to:

info@citrusadvisors.com,sanjay.singh@citrusadvisors.com ,

Citrus Advisors
501, Royyal Chambers
OppJuhuMillenium Club
Gulmohur Road
JVPD Scheme, Juhu
Mumbai 400049
Tel: +91 22 2620 1957

Disclaimer

IMPORTANT DISCLAIMER ("Disclaimer")

Please read this important disclaimer before proceeding with accessing the contents of this website

This website ("Website") is operated by Citrus Interactive Private Limited ("Operators").

Definitions

1. The term "Registered User or Registered Users" means and includes all registered users of the Website who have paid due consideration for the use of the Website and its services and have entered into a registered user agreement with the Operators of the Website.
2. The term "Viewer or Viewers" means and includes all those persons who gain access to the Website and includes all Registered Users (as defined hereinabove).

Disclaimer and Exclusion of Liability

The information contained and provided on this Website is of a general nature and it is not the intention of the Operators of the Website to provide any professional advice, solicitation or offer to sell, recommend or purchase securities and/or funds to the Registered Users and/or Viewers of the Website. All information, statements, opinions, statistics, products, services and materials contained, provided and posted on the Website are contained, provided and posted on an "as is" basis. The Registered Users and/or Viewers must exercise due caution and must verify any and all information sought to be relied upon and/or seek independent professional advice before the Registered Users or Viewers enters into any commercial or business relationship or transaction with any person or entity, and /or any other party or makes any investment or enters into any financial obligation based solely on any information, statement or opinion which is contained, provided, posted or expressed on the Website. The Registered Users and/or Viewers of the Website expressly understand and agree that it is their sole responsibility to authenticate, verify and evaluate or take professional advice on the accuracy and completeness of all information, statements, opinions and other materials contained, provided, posted or expressed on this Website or any website with which it is linked.

The Website contains information, statements, opinions, statistics, products, services and materials that have been obtained from sources believed to be reliable and an effort has been made to provide accurate information, however the Operators of this Website make no guarantees whatsoever regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality or reliability of the information, statements, opinions, products, services and materials contained, provided and posted on any section of the Website or of the results obtained from the use of such information, statements, opinions, products, services and materials and make no warranties of any kind and nature whatsoever either express or implied, including but not limited to warranties regarding the accuracy, performance, merchantability and/or fitness for a particular purpose of the information, statements, opinions, products, services and materials contained, provided and posted on the Website or of the results obtained from the use of such information, statements, opinions, products, services and materials.

The Registered Users and Viewers of the Website understand and agree that any action taken or decision made by them based on the information, statements and/or opinions contained, provided, posted, made or expressed on the Website will be taken or made by them at their own risk without any recourse whatsoever to the Operators of the Website. The information, statements, opinions and materials contained on the Website are for private use only and not intended for use in any commercial activity or purpose.

THE Registered Users AND Viewers OF THIS WEBSITE UNDERSTAND AND AGREE THAT THE OPERATORS OF THIS WEBSITE ASSUME NO LIABILITY WHATSOEVER REGARDING THE TIMELINESS, COMPLETENESS, ACCURACY, ADEQUACY, FULLNESS, FUNCTIONALITY AND RELIABILITY OF THE INFORMATION, STATEMENTS, OPINIONS, STATISTICS, PRODUCTS, SERVICES AND MATERIALS CONTAINED, PROVIDED, POSTED OR EXPRESSED ON THE WEBSITE AND WILL NOT BE LIABLE FOR ANY DAMAGES, WHETHER DIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL INCURRED BY ANY Registered User AND/OR Viewer OF THIS WEBSITE ON ACCOUNT OF THE USE OF THE INFORMATION, STATEMENTS, OPINIONS, STATISTICS, PRODUCTS, SERVICES AND MATERIALS CONTAINED, PROVIDED, POSTED OR EXPRESSED IN THE WEBSITE, WHETHER OR NOT THE OPERATORS OF THE WEBSITE KNEW OR SHOULD HAVE KNOWN THAT SUCH DAMAGES MIGHT BE INCURRED, INCLUDING BUT NOT LIMITED TO LOSS OF INCOME OR PROFITS OR MARKET VALUE LOSS ON THE SALE OR PURCHASE OF SECURITIES AND/OR FUNDS.

The Operators do not certify and/or endorse any opinions contained, provided, posted or expressed on the Website and neither do the Operators certify and/or endorse any products and/or services sold by any party on the Website or otherwise and makes no representation or warranty, express or implied, of any kind whatsoever with respect to the same, including but not limited to, warranties of fitness, merchantability or fitness of such links for any particular purpose with respect to the same.

Data Protection

The Registered Users and Viewers of the Website understand and agree that though all reasonable care is taken by the Operators of the Website to secure and keep confidential all data and information provided by the Registered Users and Viewers on the Website or to the Website or through the Website, however the Operators shall not be liable and shall not be held responsible for unauthorized and illegal access to such data and information by third parties through illegal and unlawful activities such as hacking. The Registered Users and Viewers expressly waive their right to make claims and demands of any kind and nature whatsoever, against the Operators on account of any losses or damages whether direct, incidental, special, or consequential incurred or suffered by any Registered User or Viewer of the Website on account of such unauthorized access to such data and information, whether or not the Operators of the Website knew or should have known that such damages might be incurred or suffered, including but not limited to loss of income or profits or market value loss on the sale or purchase of funds and/or securities.

Hyperlink Disclaimer and Exclusion of Liability

This Website may contain links to other websites operated by parties other than the Operators. The Registered Users and Viewers of the Website understand that such other websites and their contents are neither checked nor monitored by the Operators for accuracy, adequacy, completeness, functionality, timeliness or conformance with applicable laws and regulations and are not liable or responsible in any manner whatsoever for the accuracy, adequacy, completeness, functionality, timeliness and/or the functionality of the information, statements, materials, opinions, products and services contained, provided and posted on such websites or any link contained in a linked website or their conformance with the applicable laws and regulations and make no warranties, of any kind and nature whatsoever, including but not limited to warranties regarding the performance, merchantability and/or fitness for a particular purpose. The Registered Users and Viewers of the Website understand and agree that the operating procedures and the terms of use of such websites shall become applicable to them on their gaining access to such other sites. The Operators are also not responsible without limitation for the any changes or updates to such websites and inclusion of such links on the Website does not imply any degree of endorsement by the Operators regarding the quality and/or accuracy of information provided or the nature of content of such linked websites.

Alteration and Modification

The Operators reserve the unqualified and unlimited right to amend, modify, alter, edit, delete, suspend or discontinue, temporarily or permanently the Website or any portion thereof and/or the information, statistics, services, products and/or materials contained and provided on the Website or any part thereof, with or without prior notice. The Registered Users and Viewers understand and agree that the Operators shall not be liable in any manner whatsoever to them or to any third party for any such amendment, modification, alteration, editing, deletion, suspension or discontinuance of the Website.

The Registered Users and Viewers understand and agree that the Operators have an unqualified and unlimited right to amend, modify, alter, edit and/or delete the Terms of Use and Disclaimer contained herein with or without prior notice to the Registered Users and Viewers and the Registered Users and Viewers shall not be entitled to make any claims of any kind and nature whatsoever against the Operators on account of losses or damages of any kind and nature, incurred or suffered by the Registered Users and Viewers on account of such change, modification or alteration thereof. The amended Terms of Use and Disclaimer shall be posted by the Operators on the Website for the convenience of the Registered Users and Viewers and the Registered Users and Viewers shall be responsible for reviewing the Terms of Use and Disclaimer each time they gain access to the Website to ensure that they have reviewed and understood the then current and applicable Terms of Use and Disclaimer as may be posted on the Website from time to time. The Registered Users and Viewers understand and agree that in case the Registered Users and Viewers chose to gain access to the Website, they shall be deemed to have read and understood the then current and applicable Terms of Use and Disclaimer for all purposes thereof, irrespective of whether they have actually read and understood the Terms of Use and Disclaimer or not.

Trademark and Copyright Protection

The Registered Users and Viewers of the Website understand and agree and are put to notice that unless otherwise indicated, the Website and its text, content, layout, design, graphics, compilation and other matters related to this Website are protected under applicable copyrights, trademarks and other proprietary (including, but not limited to intellectual property) rights and are the property of the Operators or the material is included on the Website with the permission of the owner of such rights and is protected pursuant to copyright and trademark laws. ALL RIGHTS RESERVED

The Registered Users and Viewers are prohibited from reproducing, transmitting, disseminating, copying, downloading, modifying, displaying, selling, publishing, broadcasting, or circulating the information and materials contained in the Website in any form or by any means, including but not limited to, electronic, mechanical, photocopying, recording, or otherwise without the express prior written consent of the Operators.

Jurisdiction and Applicable Laws

The Registered Users and Viewers understand and agree that the courts of New Delhi, India shall have the exclusive jurisdiction to resolve any controversy or claim of whatever nature arising out of or relating to use of the Website or the information, statements, opinions, products, services and materials contained, provided, posted or expressed in the Website and the laws of India shall govern such dispute or claim. However, the Operators retain the right to bring legal proceedings in any jurisdiction where they believe that infringement of the Terms of Use and/or the Disclaimer is taking place or originating.

Waiver

The failure of the Operators to enforce any provision of these Terms of Use and Disclaimer shall not be deemed a waiver of such provision nor of the right to enforce such provision.

No Privity of Contract

The Registered Users and Viewers expressly agree and understand that nothing contained in the Website or the Terms of Use or the Disclaimer contained herein shall be deemed or may be construed to create a privity of contract between the Registered Users or the Viewers and the Operators.

Entire Understanding

These Terms of Use and Disclaimer contain the entire understanding between the Registered Users and Viewers of the Website and the Operators with respect to this Website and supersedes all prior understandings (written or verbal), representations and negotiations and shall not be modified or affected by any course of dealing or course of performance. In case any term of the Terms of Use and/or Disclaimer is declared invalid or unenforceable for any reason whatsoever, by a court of competent jurisdiction, such term shall, insofar as it is severable from the remaining terms, be deemed omitted from the Terms of Use and Disclaimer and shall in no way affect the legality, validity or enforceability of the remaining terms.

All rights not expressly granted herein are reserved.

I have carefully read the terms and conditions mentioned in the Disclaimer above and hereby agree to be bound by the terms and conditions outlined therein. I fully understand that by using this website I shall convey my acceptance to be bound by the terms and conditions contained in this disclaimer. I am also aware that in case I am not willing to be bound by the above mentioned terms and conditions I should not be using this website.

Citrus Advisors
501, Royyal Chambers
OppJuhuMillenium Club
Gulmohur Road
JVPD Scheme, Juhu
Mumbai 400049
Tel: +91 22 2620 1957
E-Mail Us :
jeni.shukla@citrusadvisors.com,
sanjay.singh@citrusadvisors.com,
shoaib.zaman@citrusadvisors.com.

Name

Email

Mobile No

Comments