Founder Group is a Malaysian solar EPCC (engineering, procurement, construction, and commissioning) company that designs and builds solar power plants and rooftop solar systems. The company operates across two segments: large-scale solar, where it builds ground-mounted utility-scale PV plants feeding into the national grid, and commercial and industrial (C&I) solar, where it installs rooftop systems for factories, warehouses, and commercial buildings. On large-scale projects, Founder Group typically acts as a subcontractor to a main contractor, while on C&I projects it usually serves as the main contractor directly for the project owner. Founder Group wins work through competitive tenders and executes projects for a fixed contract price, recognizing revenue as work is completed. Construction and installation are subcontracted to third parties, while Founder Group retains engineering design, project management, and site supervision in-house. This keeps headcount low but concentrates execution risk on subcontractor performance. Large-scale solar has historically dominated revenue but C&I is a growing share, rising from 11% to 39% of revenue between FY23 and FY25. Gross margins are modest, reflecting the competitive nature of project-based contracting. Beyond pure EPCC work, Founder Group is building a solar asset ownership business through its Founder Assets subsidiary, owning and operating plants under long-term power purchase agreements to generate recurring revenue. The company is also expanding geographically into Thailand, Vietnam, and the Philippines, and moving into residential solar, hydropower, biogas EPCC, and EV charging.