Top 10 Solar Companies in India that Manufacture High-Quality Solar Panels

solar companies in india

Top 10 Solar Companies in India that Manufacture High-Quality Solar Panels

Solar panel installation is one of the best investments considered in 2024. Although it is a one-time investment and the initial set-up cost can be a little high, a good solar system can give you more than 30% ROI with a 3–4-year payback period. So, you should always choose a reliable company with years of brand reputation on manufacturing high-quality panels.

Here we have listed the top solar companies in India from where you can buy the best solar PV modules and get proper after-sale services. You will get details about their experience, market presence and products and services offered.

Top 10 Solar Companies in India in 2024 for High-Quality Solar Modules

These are the top 10 companies in India which manufacture solar panels for residential, commercial or utility projects:

1. Tata Power Solar

tata power solar

Year of Incorporation: 1989

Company Age: 34 years

Headquarters: Mumbai

Website: https://www.tatapowersolar.com 

Tata Power Solar is a part of Tata Power Company. This is one of the best solar companies in India with a capacity of 670 MW of solar module manufacturing capacity and 530 MW of solar cell manufacturing capacity. 

In 2024, Tata Power Renewable Energy Limited signed two MoUs with the Tami Nadu government. In this project, Tata Power Solar will invest a total of Rs. 70,800 crore to develop a 10,000 MW+ renewable energy project. 

Products/Services Offered by Tata Power Solar

Solar Panel Manufacturing: Tata Power Solar manufactures bifacial solar panels ranging between 550 Wp and 600 Wp

Rooftop Solar Solutions–  These are the solar solutions of Tata Power Solar:

  1. Residential: For residential customers, it offers both grid-tie (1KW, 2KW, 3KW, 5KW, 10KW solar systems) and off-grid (2KW, 3.75KW, 6.25KW, 7.5KW) solar panel installation services
  2. Commercial, Industrial & Institutional: For commercial and industrial customers, it offers installation of large solar systems (in GW capacity). 

In this portion, Tata Power Solar also facilitates lease financing, PPA/opex (pay-as-you-go model), capex, and debt financing.

Solar Financing:  It offers solar financing for both residential and non-residential solar installations in collaboration with Tata Capital, SBI Bank, HDFC Bank, PNB Bank, etc.

Other Solar Products: It also manufactures other solar products like– solar pumps, solar atta chakki, solar microgrids, solar RO, etc.

Best Solar Modules of Tata Power Solar

Product Name Power Output (Max) Maximum Efficiency
TP540HG10B (Glass - Glass) Mono Perc Bifacial 550Wp 21.29%
TP540HG10TB (Glass - Transparent Backsheet) Mono Perc Bifacial 550Wp 21.29%
TP600LG10B (Glass – Glass) Mono Perc Bifacial 600Wp 21.54%
TP600LG10TB (Glass - Transparent Backsheet) Mono Perc Bifacial 600Wp 21.54%

2. Adani Solar

 

adani solar

Year of Incorporation: 2015

Company Age: 9 years

Headquarters: Gujarat

Website: https://www.adanisolar.com 

Adani Solar is part of Adani Power which mainly manufactures solar panels. This is one of the largest solar companies in India with 4 GW of solar PV cell and solar module manufacturing capacity. They are the largest bifacial solar module and cell manufacturer in India. 

Adanin Solar is the first ever company in India to build the World’s first fully integrated 10 GW solar PV manufacturing facility. 

Products/Services Offered by Adani Solar 

Solar Panel Manufacturing: Adani Solar manufactures solar cells and different types of solar PV modules such as– N-type TopCon bifacial solar panels, and P-type Mono PERC half-cut bifacial solar panels. Adani Solar is one of the best solar panel companies in India that manufactures both DCR and Non DCR solar cells and panels.

Solar Installations: It offers solar solutions in India, Europe, Asia, North America, and Australia.

Best Solar Modules of Adani Solar

Product Name Power Output Maximum Efficiency
Bifacial PV Modules with Dual Glass, Multi-Busbar P-Type PERC Half-cut 520 - 545 Wp 21.22%
Bifacial PV Modules with Transparent Backsheet, MBB P-Type PERC Half-cut 520 - 545 Wp 21.22%
Monofacial PV Modules MBB P-Type PERC Half-cut 520 - 545 Wp 21.22%
N-type Bifacial Transparent Backsheet Modules 550 - 575 Wp 22.40%

Willing to install a rooftop solar system with solar panels from the best manufacturers? It will be best for you to compare solar installation quotations containing details of all the equipment you get. Our platform exactly helps you with this service. You will get mutliple quotes from your nearby DISCOM-registered solar installers.

solar quotations

3. Vikram Solar

 

vikram solar

Year of Incorporation: 2005

Company Age: 18 years

Headquarters: Kolkata

Website: https://www.vikramsolar.com 

Based on revenue, Vikram Solar is the second largest solar energy company among the list of best solar companies in India. It has achieved the feat of creating India’s first-ever floating solar power plant in 2015. 

Currently, the manufacturing capacity of Vikram Solar stands at 3.5 GW per year. The company has a good presence in 32 countries across the globe. It has already served 1.42 GW of EPC projects in India. 

Products/Services Offered by Vikram Solar

Solar Panel Manufacturing: Vikram Solar manufactures solar panels for different applications such as– n-TopCon bifacial solar panels for utility projects (555W – 715W), monocrystalline and n-type  TopCon bifacial solar panels for commercial and industrial projects (555W – 580W), and for residential purposes, it has mono PERC bifacial solar panels (425W – 450W).

Solar Services: It provides both off-grid and on-grid rooftop solar panel installation services. 

Other Services: It offers engineering, procurement, and construction (EPC) services in addition to operations and maintenance (O&M) services.

Best Solar Modules of Vikram Solar

Product Name Power Output Maximum Efficiency
PREXOS Series 380 - 410, 525 - 550, 420 - 450, 340 - 375 Wp 21%, 21.33%, 20.82%, 20.22%
SOMERA Series 380 - 410, 580 - 610, 525 - 550, 430 - 460, 435 - 465, 345 - 375 Wp 21%, 21.55%, 21.33%, 21.28%, 20.91%, 20.22%
PARADEA Series 655 - 680, 580 - 605, 525 - 550 Wp 21.51%, 21.38%, 21.33%

4. Waaree Energies

 

Year of Incorporation: 1990

Company Age: 33 years

Headquarters: Mumbai

Website: https://www.waaree.com 

Waaree Energies Limited is one of the top solar companies in India with total solar panel capacity of 12 GW. Waree is the largest solar module manufacturer in India. It is present in 388+ locations in India.

For exceptional contribution to the renewable energy industry, Waaree Energies won the RE Brand of the Year award in RenewX Awards 2023. Waaree won ‘The Economics Times Best Brand Award’ for its dedication to product quality and customer satisfaction. 

Products/Services Offered by Waaree Energies

Solar Panel Manufacturing: Waaree Energies manufactures polycrystalline (up to 20% efficiency), mono PERC (up to 20% efficiency), bifacial (up to 20% efficiency), flexible (up to 17% efficiency) and (Building-Integrated Photovoltaic) BIPV (up to 20% efficiency) solar panels.

Solar Inverters: Waaree Energies manufactures on-grid solar inverters (1KW – 80KW) and off-grid solar inverters (4KW – 20KW). 

Other Solar Products: It also manufactures solar street lights, solar mobile chargers, and solar bags.

Solar Services: 

  1. Waaree offers rooftop solar installations for residential, commercial and industrial customers.
  2. It also installs floating and ground mounted solar systems.
  3. Waaree provides Operations and Maintanance (O&M) services (cleaning, maintenance of solar panels).

Best Solar Modules of Waaree Energies

Product Name Power Output Maximum Efficiency
Arka Series Wsmd-515-545 515 - 545 Wp 21.17%
Arka Series Wsmd-645-665 645 - 665 Wp 21.29%
Ahnay Series Bi-68-645-665 Framed Dual Glass Bifacial Module 645 - 665 Wp 21.29%

5. Servotech

 

servotech

Year of Incorporation: 2004 

Company Age: 19 years

Headquarters: New Delhi

Website: https://www.servotech.in 

Servotech is one of the National Stock Exchange (NSE) listed solar companies in India. It manufactures solar EV charges and other solar products including solar inverters, solar batteries, solar panels, etc. 

Currently, the manufacturing capacity of Servotech is 1GW per year. In 2023, it expanded its EV charging business in Africa and the Middle East. Recently, it has secured an order to install 20 EV charging stations in Nashik.

Products/Services Offered by Servotech

Solar Panel Manufacturing: Servotech manufactures monocrystalline (up to 400 WP), polycrystalline (up to 335 WP) and mono PERC half-cut solar panels (up to 595 WP).

Solar Inverter: It offers on-grid (3KW to 22KW), off-grid (550W, 1KW, 1.8KW, 2 KW, 3KW, 4KW, 5.5KW, 7.5KW, 10KW) and hybrid solar inverters (5 KW to 300 KW).

Solar EV Chargers: It offers AC and DC chargers for electric vehicles.

Other Solar Products: It has solar batteries, solar, solar management units, etc.

Best Solar Modules of Servotech

Product Name Power Output Maximum Efficiency
Mono Solar Panels 390 - 400 Wp 22.6%
Mono PERC Half Cut Solar Panel 525 - 595 Wp 21.21%

6. Premier Energies

 

premier energies

Year of Incorporation: 1995

Company Age: 29 years

Headquarters: Telangana

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

Premier Energies comes among the list of top solar module manufacturers in India. It has 2 GW of solar cell manufacturing capacity and 4 GW of solar module manufacturing capacity per year. It boasts of manufacturing 8.6 million solar cells every month.

Premier Energies has a projection to launch a new TopCon solar cell with an efficiency of 24.8% by Q2 FY 2024. 

Products/Services Offered by Premier Energies

Solar Panel Manufacturing: Premier Energies manufactures P-type mono PERC monofacial solar panels (up to 555 WP) and P-type mono PERC bifacial (up to 670 WP) solar panels.

Solar Services: The company offers rooftop solar installation and ground-mounted solar installation services.

Best Solar Modules of Premier Energies

Product Name Power Output No of Cells
P-type mono PERC monofacial 555 Wp 21.48%
P-type mono PERC bifacial 670 Wp 21.57%

7. Sova Solar Limited

 

sova solar

Year of Incorporation: 2008

Company Age: 16 years

Headquarters: Kolkata, Delhi

Website: https://sovasolar.com 

Sova Solar Limited comes 7th in this list of solar panel manufacturers in India with a manufacturing capacity of 850 MW. The solar energy company is focused on manufacturing high-quality and cost-effective solar panels. It has a target to increase its manufacturing capacity to 1 GW by FY 2023-2024 and 5 GW by FY 2025-2026.

Sova Solar Limited works with reputable clients such as IOCL, NTPC, NHPC, BHEL, REIL, NLC, and Coal India.

Products/Services Offered by Sova Solar Limited

Solar Panel Manufacturing: Sova Solar Limited manufactures polycrystalline (up to 345 WP), mono PERC (up to 400 WP), mono PERC bifacial (up to 550 WP), mono PERC half-cut (up to 555 WP), and n-type TopCon bifacial (up to 585 WP) solar panels.

Best Solar Modules of Sova Solar Limited

Product Name Power Output Maximum Efficiency
SS585144HCMP (Topcon) 585 Wp 22.68%
SS550144HCBP (Mono-PERC Bi-facial) 550 Wp 21.32%

Ensure that you get the best solar panels, inverters and other components from the trusted solar companies in India. If you have not yet installed a solar system, apply for solar quotations from our platform. You will receive competitive quotes with details of every solar equipment.

8. Solex

 

solex

Year of Incorporation: 1995

Company Age: 29 years

Headquarters: Gujrat

Website: https://solex.in/

Solex is one of the top 10 solar panel manufacturing companies in India having a solar panel manufacturing capacity of 1.23 GW per year. By 2024, they are planning to add a new 3 GW manufacturing plant to increase its overall production capacity. 

The company was listed on the stock market in 2018 and became a public company from a private limited entity. The company sells its solar products to worldwide customers.

Products/Services Offered by Solex

Solar Panel Manufacturing: Solex manufactures monocrystalline half-cut (up to 670 WP), and mono PERC half-cut bifacial (up to 670 WP) solar panels. 

Solar Services: The company offers rooftop solar installation for residential and industrial customers.  It also installs solar charging stations.

Best Solar Modules of Solex

Product Name Power Output Maximum Efficiency
SMF72HM10 550Wp -
SMF60HG12 610 Wp -
SMF66HG12 670 Wp -

9. RenewSys

 

RenewSys

Year of Incorporation: 2011

Company Age: 12 years

Headquarters: Mumbai

Website: https://www.renewsysworld.com 

RenewSys is one of the top solar energy companies in India with a global presence across 40 countries such as Mexico, Europe, and the USA. The company has a solar panel manufacturing capacity of 2.5 GW. RenewSys has built its 3 major manufacturing facilities at Hyderabad, Bengaluru and Patalganga.

In 2023, it won the ‘Best Innovation Product Award’ for its transparent backsheet.

Products/Services Offered by RenewSys

Solar Panel Manufacturing: RenewSys manufactures multicrystalline (up to 345 WP), monocrystalline (up to 400 WP),  n-type TopCon monofacial (up to 600 WP), and n-type TopCon bifacial (up to 600 WP) solar panels.

Other Solar Products: RenewSys has the in-house production facility of encapsulants, back sheets, etc. It also makes testing lab modules.

Best Solar Modules of RenewSys

Product Name Power Output Maximum Efficiency
DESERV EXTREME 156X 565 - 590 Wp 21.09%
DESERV EXTREME 144X 600 Wp 23.26%
DESERV EXTREME 156X 610 - 650 Wp 23.3%

10. SWELECT Energy Systems

 

swelect energy

Year of Incorporation: 1984

Company Age: 40 years

Headquarters: Chennai

Website: https://swelectes.com 

SWELECT Energy Systems is one of the top solar panel manufacturers in India with a production capacity of 500 MW per year. Bloomberg New Energy Finance (BNEF) recognises this solar company as a Tier-1 Solar PV Module Manufacturer.

Products/Services Offered by SWELECT Energy Systems

Solar Panel Manufacturing: SWELECT Energy Systems only manufacturers mono PERC solar PV modules (up to 550 WP)

Other Solar Products: SWELECT offers grid-tie solar inverters (2.3KW to 33KW) and solar water pumps (4kWp – 11 kWp). This company also manufactures SERVO stabilisers.

Best Solar Modules of SWELECT Energy Systems

Product Name Power Output Maximum Efficiency
Mono PERC PV module 520 - 550 Wp 21.15%

More 3 Top Solar Companies in India

1. Microtek

 

microtek

Year of Incorporation: 1980

Company Age: 44 years

Headquarters: Delhi

Website: https://www.microtekdirect.com 

Microtek is another top popular solar company in India company in the power market. It deals with solar energy, wires and cables, circuit protection devices (MCBs, DBs), e-vehicle chargers, power backup solutions, voltage solutions, etc. 

It is an innovative, trustworthy, and reliable brand with best in class services and products. In 2020, Microtek was awarded as “BRAND OF THE YEAR” by Silicon India.

Products/Services Offered by Microtek 

Solar Panel Manufacturing:  Microtek manufactures polycrystalline, monocrystalline and mono PERC half-cut solar panels. 

Other Solar Products: It offers solar management units (SMU) that help to convert your normal inverter to a solar inverter), solar power conditioning units (It automatically switch between grid power and solar power to supply your load, and charge the battery using solar energy whenever possible), and grid-tie solar solutions (mainly offers grid tie solar inverters).

Other Products: It also sells power backup solutions, voltage stabilisers, wires and cables, circuit protection devices, healthcare products, e-vehicle chargers, and surge and lightning protection devices.

Best Solar Modules of Microtek

Product Name Power Output No of Cells
Mono PERC half-cut solar panel 545 Wp -
Mono PERC half-cut solar panel (DCR) 535 Wp -

2. Loom Solar

 

loom solar

Year of Incorporation: 2018

Company Age: 5 years

Headquarters: Faridabad

Website: https://www.loomsolar.com 

Loom Solar is one of the best solar panel manufacturing companies in India with a production capacity of 100 MW per year. They are present in 500 districts in India with 1 manufacturing unit, 100 employees, 2 offices and 3500+ resellers.

The company was awarded with silver and gold awards at Golden Bridge Business and Innovation Awards in 2019.

Products/Services Offered by Loom Solar

Solar Panel Manufacturing: Loom solar manufactures mono PERC half cut bifacial, and N-Type TopCon bifacial solar panels.

Other Solar Products: It also offers solar inverters for solar systems. In addition, it has lithium batteries, charge controllers, etc.

Best Solar Modules of Loom Solar

Product Name Power Output Maximum Efficiency
N-Type TOPCon Bifacial 570 - 700 Wp 22.3%
Mono Perc Half Cut 550 Wp 22%

3. Goldi Solar

goldi solar

Year of Incorporation: 2011

Company Age: 13 years

Headquarters: Gujrat

Website: https://goldisolar.com/

Goldi Solar is another player in the list of solar module manufacturers in India with 500 MW of panel manufacturing capacity. By FY25, this company is planning to achieve a total of 5 GW solar cell manufacturing capacity.

The company is one of the leading OEM suppliers across 20+ countries such as USA, UAE, Italy, Greece, Turkey, Myanmar, France, Germany, Denmark, and Croatia. 

Products/Services Offered by Goldi Solar

Solar Panel Manufacturing: Goldi Solar manufactures mono PERC, mono PERC bifacial, N-type bifacial HJT half-cut, solar panels

Other Solar Products: It also makes different types of solar inverters (2 KW – 25 KW) for rooftop solar panel installation.

Best Solar Modules of Goldi Solar

Product Name Power Output Maximum Efficiency
Mono PERC bifacial solar panels 525 - 550 Wp 21.31%
N-type bifacial HJT half-cut solar panels 680 - 710 Wp 22.85%

If you are willing to install a rooftop solar panel system in your house, you can buy panels and other equipment from this list of top solar companies in India. All these companies have their research and development teams who are constantly trying to improve the quality of their solar products.

Hope this blog has helped you get a detailed idea regarding top brands based on their market presence, top products and services. For more updates on the solar market, keep visiting our blog.

If you are interested in installing rooftop solar panels at your home, it will help you a lot if you apply for solar installation quotations from our platform. You will get detailed quotes and can compare them before making the final selection.

FAQs

Tata Power Solar is the best solar company in India based on customer satisfaction and trust. It has a total of 670 MW solar module manufacturing capacity and it also offers rooftop solar panel installations for residential, commercial and industrial customers.

The top 5 solar companies in India in 2024 are Tata Power Solar, Adani Solar, Vikram Solar, Waare Energies, and Servotech.

Tata Power Solar is the oldest solar company in India. It was established in 1989. This 34 years old company manufactures 670 MW of solar modules every year.

Adani Solar is a subsidiary of Adani Green Energy Limited and in the Indian stock market, Adani Green Energy is listed.

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