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By Richa Chakravarty
Monday, November 24, 2014: The Indian solar industry is at a crucial juncture. On one hand, the
anti dumping duty on solar cells and modules recommended by the Ministry of Commerce has
attracted a lot of criticism from the industry as it may severely impact the market, if imposed.
Electronics Baz
6,977 likes
On the other, the delay in announcing the guidelines for Phase II of the Jawaharlal Nehru
National Solar Mission (JNNSM) affected the growth trajectory of the sector. However, to scale
up solar capacity and promote manufacturing, the Ministry of New and Renewable Energy
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(MNRE) announced guidelines for the Phase II Batch II bundling scheme for a capacity of
1500MW. This came as a respite for the industry as it is considered to be one of the largest
tenders issued till date. Keeping this scenario in mind, Electronics Bazaar attempted to list the
top solar companies that survived the recent harsh market conditions.
The Electronics Bazaar team conducted a survey among the solar companies operating in India
to ascertain their performance during 2012-13. While attempting to rank the top solar
companies in the country, we faced certain challenges since each company has its own
strengths and is perceived as a leader in a specific domain within the industry. Hence, we
ranked these companies based on their turnover for 2012-13 (as revenues for a majority of the
companies for 2013-14 could not be procured).
We would also like to mention that the companies that are into EPC and installation of solar
mega projects, including Welspun, Lanco, CEL, Sterling, Juwi, etc, were not a part of this
ranking as these companies are also involved in multiple business verticals, other than solar
energy. Also, some of the companies did not want to share their current turnover figures.
Disclaimer: While this survey is by no means comprehensive, it does provide a
glimpse into many of Indias key solar companies. While Electronics Bazaars editorial
team has taken the utmost care to contact all possible sources to make the list
comprehensive, we may have inadvertently left out a few companies from this list.
Information contained in the following report has been obtained from sources
deemed reliable, and Electronics Bazaar makes no claims with respect to its accuracy.
Neither Electronics Bazaar nor its affiliates, officers, directors, employees, owners,
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representatives nor any of its data or content providers shall be liable for any errors
or for any actions taken by any entity on the basis of this information.
Rank
Company
Revenue
(in Rs million)
5104.67
3815.74
Emmvee Group
3619.11
2975.94
INDUSTRY BUZZ
Maharastra Traders With A Turnover Below 500
2421.67
1256.82
1116.02
Bhiwadi
Smartstreet lighting project 'RISHTA' launched by HP
1054.98
government
Report: LED lighting industry records strong growth
949.90
10
722.61
in the city
Electronics Manufacturing: Government receives 900
11
604.75
12
Indosolar Ltd
558.10
13
286.40
13
286.40
striking success
14
281.81
15
216.18
NEW LAUNCHES
Volumes Hold The Key In The Metal Core
PCB Market
Rank 1
Industry View
Tata Power Solar is a 100 per cent subsidiary of Tata Power. It is a fully integrated solar
solutions provider of cells, modules and solar products. It also offers EPC services and has
completed almost 160MW of ground mounted, utility scaled projects and 40MW of rooftop projects till FY
2014. Its present module and cell manufacturing capacity is 200MW and 180MW, respectively.
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Rank 2
Vikram Solar Pvt Ltd
TAGS
Vikram Solar specialises in the manufacture of PV solar modules. It is part of the Vikram
Group of companies, which is a 40 year-old company specialising in engineering and
manufacturing activities. The company has an advanced solar PV module manufacturing
facility in India. Its ISO 9001-2008 accredited manufacturing plant, located in the SEZ of
Falta, West Bengal, is spread over a sprawling 3716.12 sq m area and boasts of a 150MW installed
production capacity soon to upscale at 550MW. The company executed 40MW projects in Rajasthan and
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Rank 3
Emmvee Group
Rank 4
Waaree Energies Ltd
+ 2,242
+1
Rank 5
Moser Baer Solar Group
details:
Ph:
+91-11-40594444,
26911570/74,
+91-11-41635211,
26911860,
www.moserbaersolar.com
Rank 6
Websol Energy System Ltd
Rank 7
Photon Energy Systems Ltd
Rank 8
Swelect Energy Systems Ltd
Rank 9
Surana Ventures Ltd
Rank 10
Premier Solar Systems Pvt Ltd
details:
Ph:
+91-40-27744415/27744416,
+91-40-27744417,
marketing@premiersolarsystems.com, www.premiersolarsystems.com
Rank 11
Jupiter Solar Power Ltd
Rank 12
Indosolar Ltd
Rank 13
Chemtrols Solar Pvt Ltd
Rank 13
Titan Energy Systems Ltd
Rank 14
HMV Solar Technologies Pvt Ltd
R Chellappan, MD
HHV Solar Technologies manufactures solar PV modules and offers SPV technology based
solutions to meet the demands of commercial and industrial establishments around the
world. It has the capability to produce both crystalline and thin film silicon PV modules. In
January 2013, Swelect Energy Systems Ltd acquired a 49 per cent stake in HHV Solar. The
capacity of the line is 10MW per year.
Year of establishment: 2008
Headquarters located in: Bengaluru Rural
Manufacturing facility: Dabaspet, Bengaluru Rural
Manufactures: Solar modules, building integrated photovoltaic solutions
Contact details: Ph: +91-80-22633700, info@hhvsolar.com, www.hhvsolar.com
Rank 15
Selco Solar Light Pvt Ltd
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