Anmol Singh Jaggi

Some Lesser Known Facts About Anmol Singh Jaggi

• Anmol Singh Jaggi was born and raised in a middle-class army family. His father belongs to Chandigarh, but Anmol started his business in Ahmedabad.

• As first-generation entrepreneurs, Anmol has built a formidable presence in renewable energy, e-mobility, and technology.

• Being an army kid, he was instilled with values of hard work and discipline. Since childhood, he wanted to be a businessman, but his father wanted him to follow in his footsteps by joining the army.

• In 2005, Anmol did a six-month industrial internship at Reliance Industries Limited – Petroleum Refining & Marketing, Gurugram, as a Carbon Credit trader. In an interview, Anmol shared that during his internship at Reliance, he got the idea of starting a business focused on renewable energy sources, such as solar energy.

• In 2007, after completing his degree, Anmol founded his first venture, Gensol Engineering Ltd., with a 50 sq ft. office. From the years 2007 to 2012, he did the business of carbon credits only. However, later Gensol have started multiple businesses such as Turnkey EPC, Solar Tracking, O&M Solutions, EV Manufacturing, and EV Leasing.

  

• In an interview, Anmol revealed that initially, he faced many challenges in his business, as educating people about solar and renewable energy was difficult at that time.

• In 2010, Gensol capitalised on solar power adoption to become among the top 5 carbon consultants in India.

• In 2018, Anmol, along with her younger brother Puneet Singh Jaggi, started another venture, an electric vehicle business named BluSmart, with just 70 cars. The venture is like Uber and Ola for booking a cab for commuting. The company also has its own booking app.

• In April 2022, with cutting-edge technology and brilliant business ideas, they established a fully operational plant with a capacity of 1250 cars in one shift. Blusmart’s cars include various vehicles – fleet cars, cargo vehicles, and personal mobility cars.

  

• Reowned businessmen like Mukesh Ambani and Ratan Tata were among the main investors of BluSmart.

• Anmol Singh Jaggi, along with other business firms, established BluSmart’s charging stations across Delhi NCR and Bangalore. In an interview, Jaggi revealed that they had spent only 1 crore on the marketing of BluSmart in the year 2022.

• Anmol and his family founded a non-profit organisation named Param Seva Foundation in memory of their father, Lt. Gen. Parminder Singh Jaggi. The foundation focused on serving humanity and promoting happiness. Anmol’s wife and mother handle all the work of this organisation.

• In 2023, Anmol Singh Jaggi entered the manufacturing of electric vehicles and started the first manufacturing plant at its greenfield plant in Chakan, Pune. The venture can produce 30,000 electric vehicles per annum.

• Under the guidance of Anmol Singh Jaggi, BluSmart has achieved the significant milestone of over 3900 EV charging points across 32 hubs in the year 2023.

• In April 2024, Anmol Jaggi became a part-time member of the YPO organisation, New Delhi (a premier leadership organisation of Chief Executives across the world to engage, learn and grow with others).

• In February 2025, Anmol Singh Jaggi and his brother were honoured as ” India’s Most Respectable Entrepreneurs” by Hurun India.

  

• Amidst Anmol Singh Jaggi’s April 2025, loan default controversy, the Securities and Exchange Board of India (SEBI) issued 29 pages document in that they showed how Anmol Singh Jaggi diverted nearly 25.76 crore of BluSmart’s company funds for personal and family use, that use lavish spending on credit card, spa sessions, watches, a golf set, and more. He had also bought a lavish apartment in Gurugram worth rupees 50 crores (approx).

• From BluSmart’s company funds, Jaggi also used ₹50 lakh to invest in Ashneer Grover’s startup, Third Unicorn.

• Apart from holding managerial positions in many firms, Anmol also invested in many start-ups.