Kinetic Group has formed a joint venture Belgium based Ikaros Solar Group, a leading international company operating in the photovoltaic (PV) market. The joint venture is registered under the Indian company's act and will be known as Ikaros Kinetic Solar Private Ltd. The Shareholding pattern of the JV is Ikaros - 51 percent, Kinetic Group - 25 percent and Intelux India (A pune based company specialized in power electronics) holds 24 percent. The joint venture will provide customized solutions for business clients offering turnkey PV systems including the assurance of optimal yields once the system has been commissioned.