Over the past ten years, India’s solar energy business has grown significantly, making it one of the world’s major hubs for renewable energy. Installed solar capacity has increased dramatically due to the government’s ambitious goals, such as the National Solar Mission and its commitments under the Paris Agreement.

From just 2.6 GW in 2014 to over 70 GW in 2024, India’s total solar power capacity has shown an exceptional yearly growth rate. The country wants to generate 280 GW of solar energy by 2030, according to reports from the Ministry of New and Renewable Energy (MNRE) and the International Energy Agency (IEA).

This quick growth has sparked the rise of several leading solar panel producers in India, all of whom are adding to the strong ecosystem of the sector. This blog will examine the top 10 solar panel companies in India that are spearheading the nation’s transition to renewable energy.

List of Top 10 Solar Panel Companies in India

1. Tata Power Solar

For more than 30 years, Tata Power Solar has led the solar industry and established a solid reputation as a provider of sustainable energy solutions.

Tata Power Solar is well-equipped to handle a range of energy demands thanks to its robust in-house production capacity of 635 MW for solar modules and 500 MW for cell manufacturing lines with an extra capacity of 528 MW. This profitable business provides a wide range of goods and services aimed at serving institutional, commercial, industrial, and residential customers.

Founders: Tata Power and BP Solar

Headquarters: Noida, Uttar Pradesh

Website: https://www.tatapowersolar.com/about-us/our-heritage/

Services offered:

• Solar panels for residences, commercial, and industrial use
• Turnkey solutions
• Engineering, Procurement, and Construction (EPC) services
• Operations and Maintenance (O&M) solutions
• Utility-scale solar projects
• Solar rooftop systems
• Solar pump systems for rural and urban applications

2. Adani Solar

Adani Solar, one of the leading solar panel companies in India, was established in 2016 and is now the largest player in solar manufacturing in India. It has developed a significant capacity of 4 GW and produces mono-facial and bifacial modules using PERC technology to ensure maximum energy output.

Adani Solar is always developing an ecosystem targeted at achieving 10 GW of Solar PV manufacturing in India, which strengthens its promises with innovation and large-scale renewable solutions, making it a key player in the manufacturing business.

Chairman: Mr Gautam Adani 

Headquarters: Ahmedabad, Gujrat 

Website: https://www.adanisolar.com/

Services offered:

• Mono facial and bifacial solar modules (PERC technology)
• Utility-scale solar solutions
• Solar PV manufacturing ecosystem development

3. Servotech Power Systems Limited

Servotech Power Systems Limited is an award-winning solar panel company in India that has made significant contributions toward generating clean energy in the form of solar panels designed with utmost perfection. As a company with over 18 years of experience under its belt, Servotech has emerged as the industry leader in being one of the frontline manufacturers of solar products and offers an all-inclusive range of solutions for solar energy.

The firm has a diversified portfolio of solar inverters, solar batteries, and solar panels. Additionally, the firm is also famous for successfully implementing solar power projects with state governments, state nodal agencies, fuel retailers, and oil refineries. Specifically, Servotech Power Systems Limited provided India’s first portable solar rooftop system, PV Ports, which has been installed at many popular public sites. 

Founders: Mr. Raman Bhatia 

Headquarters: Sonipat, Haryana

Website: https://www.servotech.in/

Services offered:

• Solar inverters
• Solar batteries
• Solar panels
• Solar EPC (Engineering, Procurement, and Construction) services
• Portable solar rooftop systems (PV Ports)
• Comprehensive solar project solutions for various sectors

4. Waaree Energies Ltd.

Waaree Energies Ltd. was incorporated in the year 1989. From its very start, it has crossed more than three decades and presently encompasses a manufacturing capacity of over 12 GW. With more than 3 decades of its journey, Waaree Energies is one of the largest solar panel companies in India and holds a commendable position within the solar energy sector while operating through a network of over 380 locations in India and 20 foreign countries.

Founders: Hitesh Chimanlal Doshi

Headquarters: Mumbai, Maharashtra

Website: https://waaree.com/

Services offered:

• Solar panels and modules
• Solar EPC services
• Solar rooftop systems
• Utility-scale solar power projects
• Solar water pumps
• Solar batteries and storage solutions
• Customized solar solutions for various industrial and residential applications

5. Vikram Solar

Vikram Solar was established in 2006 and has quickly become a leader in the solar industry today with operations in over 32 countries. The company has developed experience in installing 1.42 GW of solar projects within India and, on the other hand, has also developed an impressive annual manufacturing capacity of 3.5 GW for solar modules.

Under the aegis of this policy, Vikram Solar has commissioned over 300 projects at different locations in the country to support India’s ambition and target for 500 GW of green energy by 2030.

Founders: Gyanesh Chaudhary

Headquarters: Kolkata 

Website: https://www.vikramsolar.com/

Services offered:

• Solar panels and modules
• Engineering, Procurement, and Construction (EPC) services
• Turnkey solutions for solar projects
• Operations and Maintenance (O&M) services
• Custom solar solutions for residential, commercial, and industrial sectors

6. Goldi Solar

Goldi Solar, a Surat-based company, is one of the leading solar panel companies in India. Its comprehensive manufacturing facilities include a module production capacity of 2 gigawatts at its 22-acre Navsari campus and another 500 megawatts at its Pipodara facility.

Founded in 2011, the company manufactures top-quality solar modules, and inverters, and offers total EPC services. To bolster the package, Goldi Solar is planning to up its offerings by stepping into the solar cell manufacturing arena. The company has plans to begin production in the fiscal year 2023-2024.

Founders: Ishver Dholakiya and Bharat Bhut

Headquarters: Surat, Gujrat

Website: https://goldisolar.com/

Services offered:

• Solar panels and modules
• Solar EPC services
• Custom solar solutions for industrial and residential sectors
• Comprehensive solar power project execution

7. Mahindra Susten

Mahindra Susten is the clean energy division of the Mahindra Group. With a business focus in the renewable energy space since its founding in 2010, the company is headquartered in Mumbai.

The company has a strong track record as both an independent power producer and service provider with more than 1.5 gigawatts of renewable assets executed and EPC services for more than 60 projects. With a staff of over 200 dedicated workers, the firm is engaged in helping to advance sustainable energy solutions and make contributions to the clean energy landscape. 

CEO: Mr. Deepak Thakur

Headquarters: Mumbai, Maharashtra

Website: https://www.mahindrasusten.com/

Services offered:

• Solar PV EPC (Engineering, Procurement, and Construction)
• Operations and Maintenance (O&M) Services
• Energy Management Solutions
• Distributed Solar Solutions
• Energy Storage Solutions
• Rooftop Solar Solutions
• Utility-scale Solar Power Projects
• Renewable Energy Consulting and Design Services

8. Premier Energies

Premier Energies, one of the leading solar panel companies in India, was founded in 1995 and is headquartered in Hyderabad. It manufactures solar cells as well as solar modules on its fully integrated manufacturing line, which has an installed capacity of 3.4 gigawatts.

In the short term, Premier Energies has set a plan to expand its manufacturing capacity in the renewable energy solution segment by 1.6 gigawatts. Besides production, the company offers full EPC services, including complete engineering, procurement, and construction services; this enables them to raise such large solar power stations successfully.

Founders: Chiranjeev Saluja, Surender Pal Singh

Headquarters: Hyderabad, Andra Pradesh

Website: https://www.premierenergies.com/

Services offered:

• Solar cells
• Solar modules
• Engineering, Procurement, and Construction (EPC) services for large solar power plants

9. Jupiter International Ltd

Jupiter is a solar cell manufacturer based out of Kolkata. The production facilities here are based in Baddi, Himachal Pradesh. The total production capacity here is at an 800-megawatt level, out of which 500 is for PERC cells and 300 for the multi-crystalline cells.

Jupiter further broadens its capabilities through engineering, procurement, and construction (EPC) services in addition to its manufacturing capabilities, which cover the scope of solar projects such as rooftop installations, ground-mounted systems, and others. 

Founders: Jitendra Gupta

Headquarters: Kolkata, West Bengal

Website: https://jil-jupiter.com/

Services offered:

• PERC solar cells
• Multi-crystalline solar cells
• Engineering, Procurement, and Construction (EPC) services for:
  • Rooftop solar installations
  • Ground-mounted solar systems
  • Other solar project solutions

10. Azure Power

Azure Power, a leader in the development of solar power energy, is headquartered in New Delhi. It commissioned the first utility-scale solar project in the country in 2009 and stands as a remarkable example in the evolution of renewable power. Currently, it operates over 3 gigawatts of installed capacities while an additional 4.3 gigawatts are contracted and awarded to the company.

Specializing in solar energy solutions, the company, Azure Power deals with a large client profile that ranges from utilities and commercial enterprises to industries. The company was floated publicly by listing itself on the New York Stock Exchange in the year 2016, further heightening its presence in the global solar market. 

Founders: Inderpreet Wadhwa

Headquarters: New Delhi

Website: https://www.azurepower.com/

Services offered:

• Utility-scale solar projects
• Solar solutions for commercial customers
• Solar solutions for industrial customers
• Contracted and awarded solar capacity

Conclusion

In short, the Indian photovoltaic energy industry is booming, and several solar panel companies in India are making giant strides not only in research and development of new-age renewable energy technology but also in capacity production.

It ranges from well-established old-timers to the new hot-blooded entrants; the top manufacturers in India of solar panels are helping meet the country’s demand for renewable source energy and stride great distances towards taking market share away from the traditional solar players at the global level.

These firms are at the forefront of advanced manufacturing facilities and high-quality solar products and also offer comprehensive services from engineering, and procurement, to construction solutions.

As the country moves towards energy independence as a clean nation, these firms will play a very important role in shaping this country’s greener and more sustainable future. The choice of solar provider among the top players can be the most pivotal decision for anybody looking to invest in reliable, efficient, and sustainable energy solutions.

FAQs

Which is the best solar panel company in India?

The best company depends strictly on your needs, but some leaders are Tata Power Solar, Vikram Solar, and Waaree Energies.

Are the solar panels manufactured in India reliable?

Yes. Most Indian manufacturers produce quality and robust solar panels that follow global standards.

What are some of the factors I should consider in choosing a solar panel company?

Production capacity, efficiency, warranty, cost, and after-sales service need to be considered.

How much does a solar panel system cost in India?

It would depend on size, brand, and installation, though the residential system ranges between ₹40,000 and ₹1,50,000.

Do Indian solar companies offer warranties?

Most efficient Indian solar companies have a warranty ranging from 10 to 25 years.