What we do Saatvik Green Energy Ltd is a leading solar photovoltaic module manufacturer and EPC service provider in India with 1.8 GW manufacturing capacity, offering solar modules and integrated solar solutions. |
Founded in 2,015 |
Market share Among India's fastest growing solar module manufacturers with 4.8 GW capacity; recognized top performer with strong domestic and emerging global presence. |
Problem solved Provides renewable solar energy solutions to reduce carbon footprint and support sustainable, affordable energy access across residential, commercial, and utility sectors. |
Top clients or who we serve Serves government, commercial entities, industrial clients, and utility-scale solar projects across India and North America; operates B2B and B2G channels. |
Key management Neelesh Garg (Chairman & MD, IIT Delhi & LSE alumnus), Manik Garg (MD), Prashant Mathur (CEO) with strong industry and technical expertise. |
Our journey and innovations Founded 2015; scaled manufacturing from 125 MW to 4.8 GW; introduced advanced Mono PERC and TopCon modules; launched EPC services since 2022; commissioned major installations for Jindal, Dalmia. |
Where we operate Primarily India with expanding footprints in North America and international markets; manufacturing facilities in Haryana and planned expansion in Odisha. |
Top products or what we offer Mono PERC and N-TopCon solar modules (mono-facial & bifacial), EPC and O&M services, on-grid inverters (UDAY series), solar pumps; planning solar cell manufacturing. |
Top brands UDAY Series inverters; Solar modules recognized for quality and reliability; solar pumps under government schemes with strong market acceptance. |
Raw materials needed Silicon wafers, encapsulant films, solar cells, electrical components for module and inverter manufacturing. |
Raw materials supplier Sourcing from domestic and international suppliers with backward integration through in-house encapsulant film production. |
Recurring vs cyclical contribution Revenue primarily from product sales, EPC contracts, and recurring maintenance contracts; growing recurring revenue from O&M services. |
Our industry position Leading Indian solar module manufacturer with top industry certifications and expanding order book of 5.05 GW, enhancing competitive moat and margin resilience. |
Financial highlights FY 2025 revenue ₹2158 Cr, net profit ₹214 Cr with ongoing strong growth; improving margins and reduced debt-equity ratio to 0.66. |
Geographical revenue split Revenue predominantly from India (₹2128.5 Cr) with minor international sales (₹29.9 Cr), supporting focused domestic growth. |
Order book Robust order book of 5.05 GW as of December 2025, ensuring multi-quarter revenue visibility and strong demand pipeline. |
Whats driving growth Rising renewable adoption, government incentives, in-house manufacturing expansion, product innovation, and strong client partnerships. |
Our future plans Capacity expansion to 4.8 GW modules and 4.8 GW solar cell facility by FY27, enhancing vertical integration and product portfolio breadth. |
Our green promise Committed to carbon neutrality with renewable energy usage at plants, zero liquid discharge, water conservation, and community solar education programs. |
Our people and values Values customer-first, quality, transparency, innovation, and collaboration with a skilled workforce emphasizing safety and diversity. |
Key challenges ahead Managing supply chain for raw materials, scaling cell manufacturing, competitive pricing, and navigating regulatory changes. |
Interesting facts Commissioned 2 GW encapsulant film plant; recognized with top global certifications; received multiple industry awards for reliability and performance. |
Risks and strategy Mitigating material cost volatility via backward integration; expanding order book; leveraging technological innovation and government policies for sustained growth. |
