Vikram Solar

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Vikram Solar Limited
Company type Public
BSE:  544488
NSE:  VIKRAMSOLR
Industry Solar energy
Founded2005;21 years ago (2005)
FounderGyanesh Chaudhary
Headquarters
Kolkata, West Bengal
,
India
Area served
Worldwide
Key people
Gyanesh Chaudhary
(chairman & managing director) [1]
Products Solar modules
RevenueINR 25,109.90 Million (FY 2023-24)
Number of employees
1,513 employees and 728 contractual employees (FY 2023-24)
Website www.vikramsolar.com

Vikram Solar Limited is an Indian solar energy company headquartered in Kolkata, West Bengal. [2] [3] It manufactures solar photovoltaic (PV) modules and develops solar power projects through engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services. [4]

Contents

As of January 2026, the company has an annual module manufacturing capacity of 9.5 GW. Vikram Solar became a publicly traded company in August 2025 and is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

History

Vikram Solar was founded in 2005 by Gyanesh Chaudhary. [5] It began manufacturing operations in 2009 with an initial annual capacity of 12 MW. [6] In its early operations, the company participated in utility-scale solar projects in India and Germany, including projects under the first phase of India's National Solar Mission. [7] Between 2013 and 2014, the company installed a 100 kW rooftop solar facility at Cochin International Airport and commissioned a 10 kW floating solar plant in Rajarhat, Kolkata, which was the first such installation in India. [8]

From 2015 to 2019, the company increased its annual manufacturing capacity to 1 GW and began exporting modules to Africa, Europe, and the United States. During this period, it executed utility-scale projects for several public-sector entities, including NTPC Limited. [6]

In August 2025, the company completed an initial public offering (IPO) that raised ₹2,079 crore. Its equity shares were listed on the BSE and NSE on 26 August 2025. [9] [10]

Manufacturing and technology

Vikram Solar's manufacturing facilities are located at the Falta Special Economic Zone in West Bengal, and in Oragadam and Vallam in Tamil Nadu. In November 2025, the company commissioned an automated facility in Vallam with an annual capacity of 5 GW, increasing its total installed module manufacturing capacity to 9.5 GW. [11]

The Vallam facility utilizes tunnel oxide passivated contact (TOPCon) cell technology and is configured to manufacture modules in M10, G12, and G12R wafer formats. [12] In January 2026, Vikram Solar reported that it had transitioned its module portfolio to G12R-based configurations. [13]

See also

References

  1. ↑ "BQ Conversations with Vikram Solar's MD Gyanesh Chaudhary". YouTube . 20 July 2021.
  2. ↑ "Top 15 solar players in India". Electronics For You . 24 November 2014.
  3. ↑ Prasad, Gireesh Chandra (15 June 2016). "Vikram Solar to sell shares for expansion". mint. Retrieved 22 January 2026.
  4. ↑ Shukla, Parth (21 January 2026). "Higher Module Sales Drive Vikram Solar's Revenue Up 50% YoY in 9M FY 2026". Mercom India. Retrieved 22 January 2026.
  5. ↑ Dinakar, S (26 December 2025). "Evaluating setting up shop in United States: Vikram Solar chairman". Business Standard. Retrieved 22 January 2026.
  6. 1 2 "Vikram Solar's moment under the green energy sun". www.forbesindia.com. Retrieved 22 January 2026.
  7. ↑ Thakkar, Mitul (24 December 2013). "Vikram Solar supplies solar power equipments to Germany". The Economic Times. ISSN   0013-0389 . Retrieved 22 January 2026.
  8. ↑ Pearson, Natalie Obiko (12 August 2014). "Vikram Solar to Build India's First Floating Solar Plant". Bloomberg News .
  9. ↑ Kumar, Sachin (19 August 2025). "Can Vikram Solar justify its high valuations with rapid growth?". The Economic Times. ISSN   0013-0389 . Retrieved 22 January 2026.
  10. ↑ Podishetti, Akash (26 August 2025). "Vikram Solar makes a muted D-St debut, shares list at 2% premium over IPO price". The Economic Times. ISSN   0013-0389 . Retrieved 22 January 2026.
  11. ↑ Dasgupta, Mithun (26 November 2025). "Vikram Solar commissions 5 GW of module manufacturing facility at Tamil Nadu's Vallam". BusinessLine. Retrieved 22 January 2026.
  12. ↑ "Vikram Solar commissions new 5 GW Vallam plant in Tamil Nadu". BusinessLine. 26 November 2025. Retrieved 22 January 2026.
  13. ↑ "Vikram Solar to transition all module production to G12R format". PV Tech. 16 January 2026. Retrieved 22 January 2026.
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