Friday, June 21, 2024

Top 10 Solar Companies in India 2024

Top 10 Solar Panel Manufacturing Companies In India:

Solar power is one of the fastest growing industries in India and there are a number of companies that are helping to make it happen. Some of the biggest players include Solar Energy Corporation of India (SECI), Solar Industries India Limited, Bharat Heavy Electricals Limited (BHEL) and Solar Power Corporation of India (SPCI). These organizations manufacture solar photovoltaic cells, modules and systems, as well as developing solar power projects.

Indian solar firms have demonstrated impressive growth in recent years, with turnover increasing significantly. According to estimates from the Indian Solar Manufacturers Association (ISMA), the industry will be worth Rs 2500 crore ($320 million) by 2024, up from Rs 400 crore in 2016.

There are many factors driving growth in the Indian solar sector, including increasing government support for renewable energy sources. The country now boasts a number of leading specialists in solar engineering, procurement and construction.

Here is the List of Top 10 Solar Companies in India:

1. Solar Mango:

Top 10 Solar Companies in India 2022
Image Source: Wikipedia

Founded by Gagan Vermani and Prabhu Kandachar in 2010, Bangalore-based consultancy firm Solar Mango is dedicated to solar energy research. It offers consultancy services to businesses looking to expand their operations in the sector and carries out its own research on behalf of customers such as government agencies and academic institutions.


2. Solarify:

Best Solar Panel Company
Image Source: Wikipedia

Solarify is a solar energy company that offers Solar EPC, With more than six years’ experience under its belt, this company has installed more than one GW of solar energy projects across India. It offers several solutions designed for different needs: EPC for large-scale installations; rooftop; off-grid; and home lighting.


3. Relyon Softech

Top 10 Solar Companies in India

Relyon Softech is a leading solar engineering, procurement, and construction (EPC) company in India. The company has a strong presence in the Indian market, with over a decade of experience working on large-scale solar projects across the country.

With its extensive network of suppliers and contractors, Relyon Softech is well-positioned to continue its growth in the Indian solar industry. In addition to its work in India, the company also has an international business unit that has completed projects in Europe, Africa, and the Middle East.

As the global solar market continues to expand, Relyon Softech is focused on becoming a leading player in the industry. The company’s strategic partnerships with other EPC companies and solar developers are helping it to capture new business opportunities around the world.

4. Mahindra Susten:

Top Solar Companies in India
Image Source: Wikipedia

Mahindra Susten is a leading Indian renewable energy company that specializes in solar photovoltaic project development, engineering, procurement and construction (EPC), and operation and maintenance (O&M) services.

The company has executed projects across India totaling more than 1.5 GW of Solar PV capacity. Apart from Solar PV, Mahindra Susten also has experience in Solar thermal, Small hydro, Wind energy & biomass based power projects.

The team at Mahindra Susten consists of highly skilled professionals who are dedicated to delivering high-quality services to their clients. The company’s strong focus on quality and safety has earned it ISO 9001/14001/45001 certifications for its management systems.

5. Vikram Solar:

Top 10 Solar Companies in India 2022
Image Source: Wikipedia

Vikram Solar is one of India’s leading solar photovoltaic (PV) module manufacturers. The company offers a wide range of products and services related to solar energy generation.

With more than 25 years of experience in the solar industry, Vikram Solar has built a solid reputation for delivering high-quality products and services at competitive prices. The company has a strong focus on customer satisfaction and is committed to providing its clients with the best possible solutions to meet their specific needs.

Vikram Solar’s team of highly skilled engineers and technicians are constantly pushing the boundaries of solar technology to develop new and innovative products. The company invests heavily in research and development (R&D) activities to ensure that it remains at the forefront of the industry.

Also Read: 10 Best AC Brands in India 2022

6. Waaree Energies:

Best Solar Panel Company
Image Source: Wikipedia

Waaree Energies is one of India’s largest solar PV module manufacturers. The company has a vertically integrated manufacturing facility that allows it to produce high-quality solar cells, modules, and other components at scale.

With an in-house cell manufacturing capacity of 600 MW and a module manufacturing capacity of 2 GW, Waaree Energies has the resources to meet the growing demand for solar energy in India. The company also offers a wide range of EPC services, including project development, design engineering, construction management, and operation and maintenance.

In recent years, Waaree Energies has been actively involved in solar R&D projects. The company’s researchers have developed several new technologies that have the potential to improve the efficiency and cost-effectiveness of solar energy systems.

7. Lubi Solar:

Top 10 Solar Companies in India
Image Source: Wikipedia

Lubi Solar—the renowned solar panel manufacturer in India, with an established international presence—is among the top solar panel manufacturers in India. As the demand for solar power grows rapidly everywhere, companies like Lubi Solar are at the forefront.

Lubi Solar has a mix of different products to cater to varying customer needs. Their panels have long been known and loved for their high quality and durability. And when it comes to customer service, they deliver too. The company’s team is made up of highly knowledgeable staff that are always ready to offer assistance whenever needed.

Looking into the future, Lubi Solar is well poised to take full advantage of the growth of the solar industry worldwide.

8. Azure Power:

Top Solar Companies in India
Image Source: Wikipedia

Azure Power is one of India’s top Solar PV power producers with over 1 GW portfolio spread across multiple states in the country. The company is a leading producer of Solar PV power in India with over 1 GW portfolio across multiple states.

The Indian publicly listed company on New York Stock Exchange believes its business model will enable it keep expanding its presence in the nation’s market for solar energy. And this comes at a time when many other investors continue to show increasing interest in buying shares.

Thanks to its seasoned team members who have years of experience, Azure Power is able to deliver clean and renewable energy solutions that meet customers’ needs satisfactorily.

9. Greenko:

Top 10 Solar Companies in India 2022
Image Source: Wikipedia

Greenko is one of India’s largest renewable energy companies, boasting over 3 GW portfolio spread across various states nationwide—both Wind and Solar assets included. Greenko has grown into one of India’s largest renewable energy companies since it started operations back in 2006—over which it has developed a strong presence both in Wind and Solar sectors.

In terms of capacity installed so far; In wind sector, Greenko boasts over 1GW capacity set up across eight different states nationwide; while In terms of Solar, it has well over 1.5 GW capacity spread across India.

And by the year 2020, Greenko is looking to expand its renewable energy portfolio to 5 GW.

10. ACME Solar:

Best Solar Panel Company
Image Source: Wikipedia

ACME Solar—one of the pioneer solar PV power developers and EPC providers in India—has a total of over 2 GW capacity under its name that are already operational nationwide. ACME Solar is one of the pioneer solar PV power developers and EPC providers in India with more than 2 GW capacity already operational across many states.

Though recently formed in comparison to some other players in the market, ACME Solar’s strong focus on quality delivery coupled with their strong commitment to health, safety environment and social responsibility have helped them exceed in executing some of the largest Solar PV projects in India so far.

Future of Solar Industry in India:

The Indian Solar industry is expected to grow significantly in the coming years. Photovoltaic companies in India are investing heavily in research and development to reduce the cost of solar energy. The Indian government also provides financial incentives for photovoltaic projects. As a result, the industry should grow rapidly in India over time. This growth will likely create new jobs and opportunities for skilled workers within this field on top of that it will also help reduce India’s dependence on fossil fuels; ultimately improving the environment.


India, a place full of solar companies. With a big population and the high rate of using solar energy, it’s no wonder they are in constant demand. Solar panels are extremely popular in India as well because it offers clean and renewable energy. And thanks to its low cost, many people prefer using it over traditional ways.

Solar cells play an important role when it comes to gathering sunlight and converting it into energy. Its popularity grows more each day in India especially because this type of energy is affordable and renewable. Whether you’re looking for a company that can provide you services or if you want to invest, reading this list will help you land the best one in India.


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