Technology

How Gensol crashed Indian cab rider’s blue darling

A full stack green business involved in solar electricity, EV leasing, manufacturing and cab service looked fascinating but met with a rude reality check amid relentless expansion. Questions over corporate governance make it murkier. Caught in Gensol’s soul searching is Blusmart’s promise of clean mobility.

At their peak, the combined worth of Gensol Engineering, a publicly listed mid-tier turn-key solar engineering and construction company, and its sister concern BluSmart, the EV cab-hailing service provider, was around USD900 million or INR7,700 crore. But Anmol Singh Jaggi’s humble demeanor and sweet smile never gave away the air of someone who built the companies from scratch. He addresses everyone sir and madam.

A person who has known Jaggi.