Top 10 Solar Panel Companies in India, you should know them!

India's Top 5 Solar Panel Manufacturers: Who's Powering the Nation?


Have you decided to go solar but aren’t sure which company to choose to install your panels? There are many great options in India, so we’ve compiled a list of the top 10 solar panel companies you should consider. These companies offer high-quality panels, competitive pricing, and skilled installation. Whether you’re looking for a residential system, commercial solar, or utility-scale panels, one of these leading brands will meet your needs. From major players like Tata Solar Power and Adani Solar to smaller but reputable companies like Raaj Solar, this roundup covers some of the best solar panel providers in the country. Keep reading to discover how these companies can help you save money while going green. With the bright future of solar in India, now is the perfect time to make the switch.

India's Solar Energy Market Overview

India’s solar energy market is booming. The government aims to install 100 GW of solar power by 2022, and companies are rushing to gain a foothold in this promising industry.

Top Solar Panel Manufacturing Companies in India

When it comes to solar power in India, there are some major players you should know about. These top solar panel companies are helping India achieve a greener, more sustainable energy future.

1. Raaj Solar

An emerging leader in the solar market

RAAJ Solar, a subsidiary of Raajratna Ventures Ltd., is committed to quality and technological advancement in solar panel manufacturing. The company’s innovative approach and focus on sustainability are driving its growth. Its state-of-the-art manufacturing capacity is equipped with cutting-edge technology, allowing it to produce high-quality solar panels and components that meet international standards.

As one of India’s leading and reliable solar panel manufacturers, RAAJ Solar produces high-efficiency solar panels for residential and commercial use. They offer panels with power output up to 550 Wp so that you can find the right solution for any project. RAAJ Solar is one of India’s top 10 solar panel companies, recognized for its commitment to advancing solar technology and contributing to India’s renewable energy goals.

LocationManufacturing CapacityEstablished Year
Ahmedabad, GujaratUp to 300 MW2016

2 Tata Power Solar Systems Ltd.

A renowned player in the solar industry

A subsidiary of the Tata Group, Tata Power Solar is a pioneer in the Indian solar industry. They design, manufacture, and install solar panels for homes, businesses, and utility-scale solar farms. Tata Power currently has over 2.6 gigawatts of solar projects installed across India.

LocationManufacturing CapacityEstablished Year
Bangalore, KarnatakaOver 1.8 GW1989

3 Adani Solar

Leading Solar Player in India

Adani Solar, part of the Adani Group, is India’s largest solar panel manufacturer. They produce high-quality, cost-effective solar panels for rooftop and ground-mounted solar installations. Adani has installed over 2 gigawatts of solar capacity and will become the world’s largest solar power company by 2025.

LocationManufacturing CapacityEstablished Year
Ahmedabad, Gujarat2.3 GW2015

4 Vikram Solar

Having a Significant market presence in India

Vikram Solar Limited (formerly known as Vikram Solar Pvt. Ltd.) is a globally recognized leading solar energy solutions provider specializing in high-efficiency PV module manufacturing and comprehensive EPC solutions. 

Carrying forward the rich legacy and extensive manufacturing experience of the Vikram Group, Vikram Solar Limited has been building on the success story of over 4 decades since 2006.

Vikram Solar Limited takes pride in its track record of installing & commissioning more than 1355 MW+ solar projects across India.

LocationManufacturing CapacityEstablished Year
Kolkata, West BengalOver 2 GW2006

5 Renewsys India

Steadily growing in the solar market

RenewSys is the first integrated manufacturer of Solar PV Modules and their key components – Encapsulants (EVA & POE), Backsheets, and Solar PV Cells.

RenewSys is the renewable energy arm of the ENPEE Group, a diversified global conglomerate with a heritage of nearly 60 years of manufacturing excellence.

LocationManufacturing CapacityEstablished Year
Hyderabad, TelanganaOver 750 MW2011

6 Waaree Energies

A prominent player in the Indian solar market

Waaree Energies Ltd. is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. It has India’s largest Solar PV Module manufacturing capacity of 2 GW at its Surat and Umbergaon in Gujarat plants.

LocationManufacturing CapacityEstablished Year
Surat, GujaratOver 2 GW1989

7 Goldi Solar

Gaining prominence in the solar market

Goldi Solar strongly emphasizes quality, adhering to international standards and best practices in the solar industry. The company’s products undergo rigorous testing to ensure durability, efficiency, and long-term performance. Goldi Solar maintains high-quality standards and ensures that its products contribute to a reliable and sustainable energy ecosystem.

LocationManufacturing CapacityEstablished Year
Surat, GujaratOver 500 MW2011

8 Premier Energies

Steadily expanding presence in the solar market

Over the past two and a half decades, Premier Energies has journeyed from introducing the first solar panel assembly line with a 3 MW/year capacity to establishing a fully-integrated 3.4 GW solar cell and module line. 

Its state-of-the-art facility is equipped with the industry’s best-automated mono PERC manufacturing line (with a cell efficiency of 22.9%). It is also capable of handling upcoming technologies of cells with larger sizes.

LocationManufacturing CapacityEstablished Year
Hyderabad, TelanganaOver 750 MW1995

9 Loom Solar

Rapidly growing presence in the solar market

Loom Solar Pvt. Ltd. is a mon perc solar panels and AC Module manufacturer based out of Faridabad, Haryana, having a manufacturing capacity of 100 MW. The company, which started in 2018, has become one of India’s fastest-growing solar panel manufacturers because of its wide range of solar panels from 10 watts to 450 watts super high-efficiency panels.

Loom Solar has the widest range of solar products in the Indian market, which no other solar company currently offers. Loom Solar ® has won the prestigious gold and silver award in the 11th Annual 2019 Golden Bridge Business and Innovation Awards in the United States of America.

LocationManufacturing CapacityEstablished Year
Faridabad, HaryanaOver 500 MW2018

10 Satvik Green Solar

Expanding presence in the solar market

North India’s Largest Solar PV Manufacturing Facility. Saatvik manufactures and markets high-quality, high-efficiency solar photovoltaic modules from its advanced manufacturing facility at Ambala in Haryana.

With an annual capacity of 500 MW, engaging the best available technologies such as Lead automation, Jinchen, the company offers a wide range of solar PV modules, including Polycrystalline, monocrystalline, glass-glass, and bifacial modules. 40Wp to 380Wp.

 With India’s growing demand for solar energy, these innovative companies are poised to expand the nation’s solar capacity in the coming years. By choosing a reputable India-based brand for your solar panels, you’ll support your country’s growth of renewable energy.

LocationManufacturing CapacityEstablished Year
Ambala, HaryanaUp to 500 MW2011

What to Look for When Choosing a Solar Panel Company

When choosing a solar panel company in India to install your residential or commercial solar system, there are a few key things to consider.

Reliability and experience: Look for a company with a proven track record of high-quality, long-lasting installations. An experienced company will be up-to-date with the latest technologies and safety standards. They should offer references from past clients.

Products and Warranties: The solar panels and inverters are the heart of your system, so choose a company that offers efficient, durable products with solid performance warranties. Tier 1 panels like Canadian Solar or Trina Solar, paired with inverters from SMA, Fronius, or ABB, are a good place to start.

Customer service: Once your system is installed, you’ll want a company that provides responsive customer service and technical support. They should offer service plans to maintain your system properly. Look for reviews mentioning helpful, friendly service.

Financing options: If you need help paying for your solar system upfront, choose a company that offers financing or leasing options to make solar more affordable. Some companies offer loans, solar leases, power purchase agreements (PPAs), and more.

Certifications: The top solar companies in India hire certified installers and maintain certain quality certifications. Look for companies certified by the Ministry of New and Renewable Energy (MNRE). Some are also certified by international groups like the North American Board of Certified Energy Practitioners (NABCEP).

By checking these factors when comparing solar companies, you’ll find an experienced, reputable company for designing and installing a high-quality solar system for your home or business. The company you choose will greatly impact your system’s performance and savings for decades, so take your time and choose wisely!

The Future of Solar Energy in India

The future of solar energy in India looks bright. As the population grows, so does the energy demand. Solar power is a renewable and sustainable source that can help meet increasing energy needs without taxing the environment.

Cost Competitiveness: The cost of solar panels and installations continues to decline, making solar energy more affordable and accessible. Major companies are investing in technology and manufacturing to drive costs down further. Within the next decade, solar power is projected to reach grid parity in India, meaning it will cost the same or less than traditional power sources like coal.

Government Support: The Indian government offers incentives and subsidies for businesses and homeowners to adopt solar energy. Programs like the Jawaharlal Nehru National Solar Mission provide financial support, tax breaks, and low-interest loans for solar projects. The government aims to install 100 gigawatts of solar capacity by 2022, showing its commitment to accelerating India’s transition to renewable energy.

Job Growth: As the solar industry expands, it will create many jobs in manufacturing, installation, and other areas. This can provide economic opportunity, especially in rural communities. The solar sector is poised to become an engine for job growth in India in the coming decades.

Improved Energy Access: Solar energy can provide power to remote communities without access to reliable electricity. Standalone solar systems and microgrids can deliver energy independence to people in isolated areas. Expanding solar infrastructure will help more Indian citizens gain access to electricity for the first time.

The sun is shining on India’s solar future. Declining costs, government support, job growth, and improved energy access point to a bright outlook for solar energy in India. Major companies are well-positioned to drive the growth of this sector and bring affordable, renewable power to more people across the country. The next decade will see India emerge as a leader in solar energy on the global stage.

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