What we do Indosolar Ltd is a leading Indian manufacturer of solar photovoltaic cells, producing poly-crystalline cells for domestic and international markets including Europe, Japan, and the USA. |
Founded in 2,005 |
Market share Key player in Indian solar PV cell manufacturing with expanding module production capacity. |
Problem solved Provides efficient solar energy solutions to meet growing renewable energy demands and reduce reliance on conventional power sources. |
Top clients or who we serve Primarily serves solar module manufacturers and system integrators in domestic and global markets through B2B channels. |
Key management - |
Our journey and innovations Started in 2005, shifted focus to solar in 2008; commercialized dual 80 MW manufacturing lines by 2010 and launched 1.3 GW module production in 2024/25. |
Where we operate Operations in India with exports to Europe, Japan, Asia, Canada, USA, and multiple international markets. |
Top products or what we offer Manufactures poly-crystalline solar PV cells and solar modules utilizing advanced automated technology for high efficiency. |
Top brands - |
Raw materials needed Silicon wafers used as raw material for manufacturing solar photovoltaic cells. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely from cyclical sales of solar cells and modules based on project demands. |
Our industry position Significant Indian manufacturer with strategic partnerships in cell technology; growing presence in global export markets. |
Financial highlights FY 2024-25 revenue Rs. 324.7 crore with a profit after tax of Rs. 54.78 crore, a substantial turnaround from prior losses. |
Geographical revenue split FY 2019 data: Approx. 90% revenue from India, 10% from international markets. |
Order book - |
Whats driving growth Resumption and scale-up of manufacturing, renewable energy demand growth, and post-insolvency restructuring support growth. |
Our future plans Expansion of module manufacturing capacity and improving market presence in India and abroad with newer technologies. |
Our green promise Committed to sustainable manufacturing processes and environmental safety in operations. |
Our people and values Focuses on compliance, governance, employee safety and ethical business practices. |
Key challenges ahead Addressing market competition, regulatory compliance, and achieving consistent public shareholding for stock listings. |
Interesting facts Underwent and successfully exited corporate insolvency restructuring, revitalizing production with enhanced capacity in 2024-25. |
Risks and strategy Mitigates financial and regulatory risks through governance reforms, resolution plan implementation, and capacity enhancement. |
