What Insolation Energy does

Insolation Energy Limited, operating under the brand INA Solar, is an India-based vertically integrated solar PV manufacturer headquartered in Jaipur, Rajasthan. Founded in 2017 by Manish Gupta (Chairman) and Vikas Jain (Managing Director), the company operates fully automated production lines in Rajasthan and Madhya Pradesh, with current module capacity of 5.5 GW that is being expanded to 7 GW alongside an upcoming 4.5 GW solar cell facility in Narmadapuram. The product portfolio spans Mono PERC modules (19-23% efficiency), next-generation TOPCon N-type panels (23-25%+ efficiency, available in G12R 610-635 Wp and M10R 560-600 Wp formats), bifacial glass-to-glass modules, aluminum frames (18,000 MTA), solar PCUs, charge controllers, and battery storage solutions.

The company monetizes across three integrated revenue streams: (i) hardware sales of solar PV modules to residential, commercial, industrial, and utility customers via a 1,000+ channel partner network spanning 100+ Indian districts plus direct sales; (ii) EPC services for ground-mounted and rooftop installations, with 400+ MW delivered including projects for DMRC, Kanpur Metro, and Rajasthan DISCOMs; and (iii) IPP project ownership, with 100+ MW of operational solar plants. Pricing is quote-based with multi-year contracts, and residential sales leverage central government subsidies under PM Surya Ghar Yojana and PM-KUSUM. Manufacturing incorporates AI-based machine vision for defect inspection, IoT-enabled production tracking, robotic material handling, digital twin simulations, and predictive maintenance — these are embedded into operations rather than sold externally.

Insolation Energy reported FY2025-26 revenue of ₹2,163.52 crore (up 61% YoY) and PAT of ₹200.47 crore (up 59% YoY), and migrated from the BSE SME platform to BSE/NSE main boards in March 2026. Customers span 40,000+ households, government agencies, metro rail operators, farmers, and C&I enterprises; notable logos include DMRC, Kanpur Metro, and Rajasthan State Distribution Company.

Name

Insolation Energy

Legal name

Insolation Energy Private Limited

Website

https://insolationenergy.in

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Insolation Energy (INA Solar) is an India-based vertically integrated solar PV module manufacturer with 5.5 GW of capacity, selling TOPCon and Mono PERC panels, EPC services, and IPP project outputs to residential, commercial, industrial, and government customers through a 1,000+ channel partner network.

Ownership category

akta.pro rank

Product category

Solar PV Module Manufacturing

NAICS

Solar Electric Power Generation (221114)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD)

akta.pro secondary industries

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)

Keywords

• Solar PV modules
• TOPCon solar panels
• Mono PERC modules
• Solar EPC services
• Solar power generation

Headquarters

HQ city

Jaipur

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Solar PV Module Sales: Manufacturing and sale of high-efficiency solar panels including TOPCon, Mono PERC, and Bifacial modules to residential, commercial, industrial, and utility customers. Revenue generated from direct sales, channel partners, and large project orders.
2. EPC (Engineering, Procurement, Construction) Services: End-to-end solar project execution including design, procurement, installation, and commissioning of rooftop and ground-mounted solar projects. Company has successfully completed 400+ MW of EPC and IPP projects.
3. IPP (Independent Power Producer) Projects: Company develops and operates own solar power generation projects, selling electricity generated to grid or captive consumers. Currently has 100+ MW of IPP project deployments including 5 MW plant in Bhilwara, 1MW in Bhadla, and 2.3 MW in Ujjain.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

Insolation Energy manufactures and sells high-efficiency solar PV modules — including next-generation TOPCon N-type panels, Mono PERC modules, and bifacial glass-to-glass modules — from its fully automated 5.5 GW facility in Jaipur, Rajasthan. Beyond module manufacturing, the company delivers turnkey EPC project execution and operates own IPP solar power plants, supplying residential, commercial, industrial, utility-scale, and agricultural customers across India.

Product overview

Insolation Energy Limited (INA Solar) operates as a leading solar panel manufacturer in India offering a multi-tiered product portfolio anchored by its flagship solar PV modules. The core offering spans three main product lines: Solar PV Module (general tier), TOPCon Solar Panel (premium next-generation N-type technology), and Mono PERC Module (mid-high efficiency). These are supported by complementary components including Solar PCUs, Batteries/Energy Storage, Solar Charge Controllers, and 18,000 MTA Aluminum Frame manufacturing. The company also provides EPC (Engineering, Procurement, and Construction) project execution services having completed 400+ MW of projects. Manufacturing operations are concentrated in Jaipur, Rajasthan (5.5 GW module capacity across two automated facilities) with expansion underway in Narmadapuram, Madhya Pradesh (4.5 GW solar cell capacity). The company leverages advanced manufacturing technologies including AI, robotics, IoT, and SCADA systems across its production lines.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar PV Module The company's primary solar photovoltaic module product line manufactured at the fully automated 5.5 GW production facility in Jaipur, Rajasthan, for residential, commercial, industrial, and utility-scale customers.
• TOPCon Solar Panel Next-generation N-type TOPCon (Tunnel Oxide Passivated Contact) solar panels with 23–25%+ efficiency, superior low-light performance, slower degradation, and reliable output in extreme heat; available in G12R (610–635 Wp) and M10R (560–600 Wp) form factors with bifacial capability, backed by 12-year product and 30-year linear performance warranties.
• Mono PERC Module Monocrystalline PERC (Passivated Emitter and Rear Cell) solar modules with 19–23% efficiency, offering better low-light and high-temperature performance than standard monocrystalline panels for residential and commercial installations.
• Aluminum Extrusion for Solar Frame In-house aluminium frame extrusion for solar panel mounting, with planned 18,000 MTA (Metric Tonnes per Annum) capacity at the Narmadapuram, Madhya Pradesh facility, supporting integrated module manufacturing.
• Solar PCU (Power Conditioning Unit) Power Conditioning Unit that manages conversion and conditioning of solar power, forming part of the company's complete solar product ecosystem.
• Solar Battery / Energy Storage Battery and energy storage solutions integrated into the company's solar offerings, supporting residential, commercial, and utility-scale solar projects.
• Solar Charge Controller Charge control devices for regulating solar power input to batteries, forming part of the company's complete solar solutions portfolio.
• Solar EPC (Engineering, Procurement & Construction) Services End-to-end Engineering, Procurement, and Construction services for solar projects, with 400+ MW of completed EPC and IPP projects including rooftop and ground-mounted installations for government, commercial, and industrial customers.
• Solar IPP (Independent Power Producer) Projects Company-developed and operated solar power generation projects selling electricity to the grid or to captive consumers, with 100+ MW of IPP project deployments across India.

Quantifiable outcome

• 61.02% revenue growth to ₹2,163.52 crore in FY26
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature6 records

Partnerships

One partnership is on record.

• Lucknow Super GiantscoreGTM or Marketing Partner · 1 January 2026Strategic associate partnership with Lucknow Super Giants cricket team for T20 Seasons 2026-2027. This high-profile sports sponsorship promotes solar energy adoption on one of India's largest entertainment platforms, reaching millions of cricket fans nationwide. The partnership aligns with India's clean energy transition goals through sports marketing.

Scale indicators15 records

Recent moves3 records

Market position

Key risks6 records

Key highlights7 records

Customer concentration

• Pinterestin.pinterest.com/InsolationEnergyLimited
• LinkedInlinkedin.com/company/insolationenergy

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Insolation Energy