Vikram Solar Limited is one of India’s leading solar energy solution providers and among the largest domestic solar PV module manufacturers with an operational capacity of 3.50 GW as of March 31, 2024. Founded in 2005 and headquartered in Kolkata, the company specializes in high-efficiency PV module manufacturing and EPC solutions for utility-scale and rooftop solar projects. With nearly two decades of experience, it has built a strong reputation for quality, innovation, and reliability in the solar industry.

Business Model & Services

Vikram Solar operates an integrated business model covering:

• PV Module Manufacturing: Tier-1 certified, with current capacity of 3.5 GW (2.2 GW at Falta, WB and 1.3 GW at Oragadam, TN), using advanced tech like TOPCon and HJT.

• EPC Services: Turnkey solar project solutions for utility-scale, rooftop, and commercial applications.

• O&M Services: Operations and maintenance for solar plants to ensure performance longevity.

• Future Expansion: Plans to set up a new 3 GW integrated facility in Tamil Nadu for solar cells and modules, scaling to 6 GW in phase 2.

Distribution & Market Reach

• Domestic Reach: Present in 23 states and 3 Union Territories with a distribution network of:

  • 41 authorized distributors

  • 64 dealers

  • 67 system integrators

• International Presence: Products exported to 39+ countries with a total of 5.4+ GW modules shipped globally. Manufacturing utilizes top-tier equipment sourced from Japan, Germany, the US, and Switzerland.

• Strategically Located Units: Both factories are within 60 km of ports, optimizing import/export logistics.

Key Strengths

i) Top-tier manufacturing capacity with robust scaling capability.
ii) Strong domestic and global footprint, backed by years of operational excellence.
iii) Advanced R&D and automation, enabling fast adaptation to technology shifts.
iv) Fully certified quality systems, earning customer trust and compliance with global standards.
v) Integrated supply chain management, enabling efficient operations and competitive pricing.

Positioning for Growth

As India targets 19–21 GW of solar capacity addition in FY 2025, Vikram Solar is well-positioned to capitalize on this opportunity through its large-scale manufacturing, broad distribution, and technology leadership. The company’s backward integration plans (solar cells), digital innovation, and long-standing industry experience provide a strong competitive edge over new entrants.

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To be updated shortly