What we do Solarworld Energy Solutions Ltd is a leading solar EPC company specializing in end-to-end solar power projects across India, offering CAPEX and RESCO models. |
Founded in 2,013 |
Market share One of the prominent solar EPC companies with over 250 MW completed capacity, expanding manufacturing and project portfolio. |
Problem solved Provides cost-effective, turnkey solar solutions addressing renewable energy needs and reducing dependence on fossil fuels. |
Top clients or who we serve Serves public sector undertakings, commercial, and industrial clients across India (B2B). |
Key management Managing Director Kartik Teltia (ISB alum), Chairperson Rini Chordia (IIT Delhi, ISB), CFO Mukut Goyal (Finance expert). |
Our journey and innovations Started 2013, first 500 KW plant in 2014, expanded pan-India, 75 MW project in 2023, launched 1.2 GW TopCon module manufacturing in 2025. |
Where we operate Operates across India including Telangana, Rajasthan, Haryana, Uttarakhand, Delhi, Himachal Pradesh, and Gujarat. |
Top products or what we offer Solar EPC services, rooftop and ground-mounted solar projects, module manufacturing, battery energy storage systems. |
Top brands Solar EPC Projects, TopCon Solar Modules, Battery Energy Storage Solutions; key revenue drivers with large-scale EPC contracts. |
Raw materials needed Solar-grade silicon, photovoltaic cells, solar panels, electronic components for energy storage. |
Raw materials supplier Partnerships include ZNSHINE PV-Tech Co. Ltd. (China) for solar panels and other global suppliers. |
Recurring vs cyclical contribution Revenue predominantly from EPC contracts (project-based) with emerging recurring O&M services and module sales. |
Our industry position Strong competitive position in Indian solar EPC market with leadership in project execution and growing manufacturing capacity. |
Financial highlights FY25 Revenue ₹544.77 Cr, Net Profit ₹77.05 Cr, Revenue CAGR around 20%, robust EBITDA and PAT growth in recent years. |
Geographical revenue split 100% revenue derived from Indian operations. |
Order book Order book includes EPC contracts exceeding ₹7,000 million from major clients like NTPC Renewable Energy. |
Whats driving growth Government policies, renewable energy targets, production linked incentives, declining solar module prices, and technology upgrades. |
Our future plans Expand module manufacturing capacity, launch battery storage solutions, scale EPC projects and invest in new solar cell facility by 2027. |
Our green promise Focus on sustainable manufacturing, carbon reduction aligned with India’s climate goals, and clean energy deployment. |
Our people and values Led by experienced professionals from premier institutes, fostering innovation, quality execution, and client-centric culture. |
Key challenges ahead Raw material price volatility, regulatory changes, intense competition, and scaling manufacturing operations efficiently. |
Interesting facts Completed India’s first 10 MW grid solar plant in 2015; launched 1.2 GW TopCon solar module manufacturing in 2025. |
Risks and strategy Mitigating supply chain and regulatory risks through strategic partnerships, expanding backward integration, and maintaining strong client relationships. |
