Top 10 Solar Companies in India Transforming the Energy Landscape

The solar power business is one of the country’s fastest-growing sectors, with the top ten solar companies in India dominating the market by expanding their sales across the country and spending extensively on R&D for technical breakthroughs. Furthermore, due to the country’s geographical location in the tropics, the solar power sector in India offers enormous opportunities for rapid growth in solar energy in India. The country gets more than 5000 trillion kWh of yearly radiation, which, if harnessed by solar companies in India, will provide a significant quantity of electricity.

While various solar firms in India provide inexpensive solar alternatives to traditional electricity, just 10 stand out. The following is a list of the top 10 solar companies in India.

1. Tata Power Solar Systems Limited

• Founded: 2015
• Headquarters: Mumbai
• Specialty: Solar Panels and Rooftops
• Notable achievement: Tata Power Renewables was recognized as a pioneer at the India Wind Energy Forum Leadership Awards 2024.

Tata Power Solar, a subsidiary of Tata Power Company Limited, is a major player in India’s solar sector, boasting a 7 GW+ project portfolio. Notable projects include the Bhadla Solar Park (2.2 GW), Ayana Solar Park (2.5 GW), and Gujarat Solar Park (1.05 GW). They offer diverse solar technologies with durable panels backed by warranties of up to 25 years. Their solutions cover rooftop and ground-mounted installations for residential, commercial, and governmental clients.

These projects deliver clean energy, support renewable targets, and cut emissions. In FY2024, Tata Power Solar company reported its financial results for the September quarter, with revenue reaching Rs 15,247 crore. Net profit (before exceptional items) saw a 51% year-on-year increase, rising to Rs 1,533 crore from Rs 1,017 crore in the same period last year. As a UN Global Compact member, they focus on research and innovation, ready to meet the surging global demand for solar energy and drive a sustainable energy future.

2. Adani Solar

• Founded: 2018
• Headquarters: Mundra
• Specialty: Solar PV Manufacturing
• Notable achievement: Adani Green Energy Ltd (AGEL) received the ‘Leaders Award’ at the Sustainability 4.0 Award 2022, organized by Frost & Sullivan and TERI.

Adani Solar, a subsidiary of Adani Green Energy Limited (AGEL), is a prominent player in renewable energy. It specializes in developing, manufacturing, and selling solar PV modules and cells. With a portfolio exceeding 10 GW of solar projects globally, Adani Solar has achieved milestones such as the world’s largest single-location solar power plant in Tamil Nadu, India, and the vast Dholera solar park in Gujarat.

Their commitment to innovation is evident in their use of various solar technologies and a dedicated R&D team. Adani Solar is a key player in the Indian solar market, with a market share of over 10% a revenue of Rs 25.28 billion for the first quarter of the 2024-25 fiscal year. Their manufacturing capacity of over 2 GW of solar modules annually positions them to meet the growing demand for clean energy on a global scale.This makes Adani Solar one of the top solar companies in India.

3. Vikram Solar Limited

• Founded: 2006
• Headquarters: Falta
• Specialty: Solar Panel and Modules
• Notable achievement: Vikram Solar received the “Gold Medal” award at the 10th edition of the National Awards for Manufacturing Competitiveness (NAMC 2023-24), presented by the International Research Institute for Manufacturing.

Vikram Solar , a global solar industry leader, excels in solar module manufacturing, EPC services, and O&M for solar projects. With a proven track record, they’ve installed over 10 GW of solar capacity worldwide, across utility-scale, commercial, industrial, and rooftop applications. Vikram Solar’s modules are prized for their high efficiency, durability, and reliability, supported by strong warranties, and are widely used in solar farms, commercial, industrial projects, and rooftops. In FY22, Vikram Solar reported revenue of Rs 25,109.90 million in FY 2024. They operate with an annual manufacturing capacity exceeding 5 GW, a global presence in 20+ countries, and received the “Best Solar EPC Company in India” award from the Indian Solar Association in 2022. Notable projects in India, Chile, and the United States highlight their commitment to top-tier solar solutions worldwide

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