Readily Mobility Solutions Private Limited has initiated the process of converting into a public company as it prepares for a proposed Initial Public Offering (IPO), positioning itself as a growing clean-energy after-sales and solar services platform in India. The company is evaluating an IPO of around INR 100 crore, at a proposed valuation of INR 700–750 crore, subject to market conditions and regulatory approvals.
As part of its transition to a listed entity, Readily is strengthening its governance framework by expanding its Board of Directors. The company has proposed the induction of Shivani Agarwal and Smiriti Makharia as full-time directors, enhancing leadership depth across strategy, finance, and execution. Advocate Jash Dalia has also been appointed as legal counsel to support the company’s conversion to a public entity, the IPO process, and ongoing compliance requirements.
While Readily began as an electric-vehicle after-sales services provider, the company has significantly expanded its solar commissioning and operations & maintenance (O&M) business. It currently has an executed and ongoing solar commissioning portfolio of approximately 700–800 MW, spanning utility-scale as well as commercial and industrial (C&I) solar projects across India.
Building on this momentum, Readily is now entering the distributed and rooftop solar segments, including participation in national programmes such as PM-KUSUM, which promotes decentralised solar deployment for farmers and small producers. The expansion is aimed at tapping India’s rapidly growing demand for rooftop and decentralised solar solutions.
The planned IPO is expected to provide growth capital to scale Readily’s solar O&M network, invest in technology-driven service platforms, and deepen its participation in utility-scale, C&I, and rooftop solar programmes. Through its asset-light, tech-enabled model, the company aims to strengthen its position as a differentiated solar and clean-energy after-sales platform supporting India’s renewable energy and energy transition goals.
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