Who are the Jaggi brothers—and how did Gensol, BluSmart get here?

Markets regulator Securities and Change Board of India (Sebi) has discovered that BluSmart promoters Anmol and Puneet Singh Jaggi had diverted funds from their listed photo voltaic power firm Gensol Engineering, and have allegedly carried out stock price manipulation and different fraudulent actions, sending shockwaves by India’s startup ecosystem.

As soon as celebrated as rising stars within the nation’s renewable power sector, the Jaggi brothers now face severe allegations of economic misconduct.

Additionally Learn: Gensol promoters quit board; BluSmart begins shutting ops

Anmol Singh Jaggi

Son of a military officer, Anmol relies in Ahmedabad. He received a B.Tech in Utilized Petroleum Engineering from the College of Petroleum and Power Research in Dehradun in 2007.

He based Gensol Consultants in 2007, which later advanced into Gensol Engineering. He was the chairman and managing director of the engineering, procurement and building firm.

The entrepreneur began BluSmart in 2019. He’s additionally the managing director at an organization known as Matrix Gasoline and Renewables Restricted, as per Anmol’s LinkedIn profile.

He has been recognised for his enterprise achievements. He was named in Fortune India’s 40 Beneath 40 checklist in 2024.

Puneet Singh Jaggi

Puneet cofounded Gensol in 2007 together with Anmol. He accomplished his chemical engineering diploma from Indian Institute of Expertise (IIT) Roorkee in 2010.

He additionally based Prescinto Applied sciences in 2016, a synthetic intelligence (AI) platform for optimising clear power tasks. He cofounded BluSmart in 2019 and was a director on the board until November 2021.

He’s additionally the founding father of Param Renewable Energy, which is amongst India’s largest photo voltaic operations and upkeep firms.

Additionally Learn: Anmol Jaggi and Ashneer Grover fund trails see overlap