What we do Himalayan Solar Limited specializes in turnkey solar energy solutions including design, manufacturing, supply, installation, and commissioning, primarily Solar Water Pumping Systems. |
Founded in 2,015 |
Market share Well-positioned regional player in solar PV modules and integrated solar systems with growing manufacturing capacity. |
Problem solved Provides sustainable, efficient solar energy solutions addressing energy access and clean power needs in rural and institutional sectors. |
Top clients or who we serve B2B and B2G, serving schools, health centers, government projects, and rural enterprises. |
Key management Manjeet Singh (Managing Director), Mehtab Singh (Whole Time Director) |
Our journey and innovations Founded in 2015; shifted from polycrystalline to advanced Mono PERC & TOPCon bifacial modules to meet new efficiency standards; expanded into skill development services. |
Where we operate Operations centered in Haryana, India, serving regional government projects and private clients. |
Top products or what we offer Solar PV Modules, Solar Water Pumping Systems, Solar Inverter Chargers, Rooftop Power Systems, and skill development services. |
Top brands Himalayan Make Solar PV Modules - recognized in government tenders; new product line with Mono PERC and bifacial modules under development. |
Raw materials needed Silicon wafers, photovoltaic cells, electronic components for solar modules and controllers. |
Raw materials supplier Not specified, sourced through established solar components suppliers. |
Recurring vs cyclical contribution Revenue mix includes recurring service and support contracts plus project-based cyclical manufacturing sales. |
Our industry position Emerging manufacturer within Indian solar PV industry with strategic government partnerships and growing market share. |
Financial highlights FY2026 Revenue: Rs 170.34 Cr; Net Profit: Rs 20.67 Cr, showing strong growth from previous years. |
Geographical revenue split - |
Order book - |
Whats driving growth Government renewable energy policies, technology upgrades, and new skill development initiatives. |
Our future plans Upgrading production to Mono PERC & TOPCon modules, expanding manufacturing capacity, and launching IPO to fund growth. |
Our green promise Committed to advancing clean energy adoption and sustainable development through solar solutions and CSR in education. |
Our people and values 99 employees fostering innovation, sustainability, and community skills development with inclusive workplace culture. |
Key challenges ahead Adapting to evolving technology standards and competitive solar market dynamics while expanding production efficiently. |
Interesting facts First to integrate skill development training aligning government entrepreneurship initiatives with solar technology deployment. |
Risks and strategy Mitigating technology obsolescence risk via production upgrades; leveraging government tie-ups for steady project flow. |
