Borosil Renewables
Borosil Renewables is the world's largest solar glass manufacturer, producing low-iron textured, anti-reflective, anti-soiling, antimony-free, and bifacial back glass for solar module manufacturers and renewable energy developers, with 1,350 TPD (~8.5 GW) capacity across an Indian production base and historical German operations.
- Company typePublic
- Founded1962
- HeadquartersAhmedabad, India
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Borosil Renewables does
Borosil Renewables Limited is the world's largest solar glass manufacturer, operating two production bases — one in Bharuch, Gujarat (India) and a formerly European base via the 2022 acquisition of Interfloat Corporation, now undergoing insolvency proceedings and deconsolidation. Originally incorporated in 1962 as Borosil Glass Works Limited, the company pivoted to solar glass manufacturing and rebranded to reflect its renewable energy focus. It produces low-iron textured solar glass, anti-reflective and anti-soiling coated glass, antimony-free variants (NoSbEra), antiglare glass (Selene), 2mm fully tempered glass, grid-printed back glass for bifacial modules, and BIPV roof-tile glass, with current capacity of 1,350 TPD (~8.5 GW equivalent) targeted to reach 1,950 TPD by end of 2026.
The company serves solar module manufacturers, renewable energy developers, and (historically) European solar OEMs as a B2B enterprise supplier, using direct field sales with technical customization. Revenue is generated almost entirely from hardware sales of solar glass products. Borosil is the only major domestic solar glass producer in India and benefits from a five-year extension of countervailing duties (9.71%-10.14%) on Malaysian imports announced in June 2026, providing meaningful trade protection.
Borosil Renewables is publicly listed on BSE/NSE (ticker BOROSIL, BSE: 502219) with promoter-family (Kheruka) control and approximately 27% public float. FY26 revenue was Rs 1,555.84 crore with a net profit of Rs 129.08 crore, a sharp turnaround from a Rs 69.57 crore loss in FY25. The board has authorized a Rs 750 crore capital raise to fund further capacity expansion, and the company holds ISO 9001/14001/45001, CE, REACH, and RoHS certifications across its product lines.
Borosil Renewables firmographics
Firmographics- Name
- Borosil Renewables
- Legal name
- Borosil Renewables Limited
- Website
- http://borosilrenewables.com/
- Company type
- Public
- Founded year
- 1962
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Borosil Renewables is the world's largest solar glass manufacturer, producing low-iron textured, anti-reflective, anti-soiling, antimony-free, and bifacial back glass for solar module manufacturers and renewable energy developers, with 1,350 TPD (~8.5 GW) capacity across an Indian production base and historical German operations.
- Ownership category
- akta.pro rank
Borosil Renewables industry classification
Industry- Product category
- Solar Glass Manufacturing
- NAICS
- Flat Glass Manufacturing (327211), Glass and Glass Product Manufacturing (32721)
- SIC
- Flat Glass (3211)
- akta.pro primary industry
- Low‑E, Solar Control & Energy-Efficient Coated Glass (IMADAHAF)
- akta.pro secondary industries
- Flat Glass (Float/Sheet/Plate) Manufacturing (IMADAHAA), Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film) (EUAMAHAA)
Keywords
Where Borosil Renewables is headquartered
LocationHeadquarters
- HQ city
- Ahmedabad
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Borosil Renewables business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Others
Revenue model
- Solar Glass Sales: Manufacturing and selling solar glass to solar module manufacturers. Revenue generated through direct sales of various solar glass products including textured tempered glass, anti-reflective coated glass, and specialized products like grid printed back glass.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Borosil Renewables product offering
Product offeringCore offering
Borosil Renewables manufactures and sells specialized solar glass for photovoltaic modules, including low iron textured glass, anti-reflective coated glass, anti-soiling coated glass, antimony-free glass, antiglare glass, fully tempered thin glass, and grid-printed back glass for bifacial modules. The company operates approximately 1,350 tonnes per day (~8.5 GW) of production capacity across two large plants in India and Germany, supplying solar module makers and renewable energy developers with standard and customized glass specifications.
Product overview
Borosil Renewables is the world's largest solar glass manufacturer offering a comprehensive portfolio of specialized solar glass products. The company operates two large production bases in India and Germany with approximately 1,350 tonnes per day manufacturing capacity (equivalent to ~8.5 GW). The product portfolio includes low iron textured solar glass as the core offering, complemented by specialized variants such as Shakti (matt-matt finish), NoSbEra (antimony-free), Selene (antiglare), and products with anti-reflective or anti-soiling coatings. The company also produces 2mm fully tempered solar glass and grid-printed back glass for bifacial modules, serving residential, commercial, and utility-scale solar applications.
Differentiator
Problem solved
Functional benefit
Brands
- Shakti: Solar Glass in Matt-Matt Finish product line
- NoSbEra
- Selene
Products and services
- Low Iron Textured Solar Glass
Quantifiable outcome
- Carbon footprint 22% lower than default score
- +1 more outcomes
Companies that use Borosil Renewables
Customer profileSegments3 records
Ideal customer profiles3 records
Borosil Renewables technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Borosil Renewables partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- India-US Trade AgreementcoreIndia and United States signed a bilateral trade agreement expected to resume India's $150 million glass export business to the US, particularly for high-quality perfume and cologne bottles. Borosil Chairman noted India's 18% tariff advantage could attract additional volume.
Scale indicators9 records
Recent moves9 records
Expansion highlights4 records
Borosil Renewables competitors and assessment
Company assessmentBroad incumbents
- Saint-Gobain: Saint-Gobain is a global building materials incumbent with flat glass manufacturing serving construction and solar-adjacent markets. Comparable as a broad glass peer with overlap in coated/architectural glass products, though solar is not its core focus.
- Şişecam (Trakya Cam Sanayii): Şişecam is a Turkish global glass manufacturer producing flat glass, automotive glass, and glassware. Comparable as a broad international flat glass producer with overlap in solar-grade coated glass and similar B2B customer profiles.
- Nippon Sheet Glass / Pilkington: Nippon Sheet Glass (parent of Pilkington) is a global glass incumbent with solar glass exposure through float glass manufacturing. Comparable as a broader glass major that overlaps in solar applications but does not specialize solely in solar glass like Borosil.
- AGC Inc. (Asahi Glass Company): AGC is a Japanese global glass and chemicals incumbent producing flat glass, automotive glass, and specialty glass. Overlaps with Borosil in coated flat glass technologies used in solar and architectural applications.
- Guardian Industries: Guardian Glass (Koch Industries subsidiary) is a major global float and coated glass manufacturer with European production. Comparable as a broad glass incumbent serving solar-adjacent architectural and specialty glass applications.
Direct peers
- Xinyi Solar Holdings: Xinyi Solar is one of the world's largest solar glass manufacturers based in Hong Kong/China. Directly comparable to Borosil in producing low-iron patterned solar glass for PV modules, and the principal global capacity competitor that Borosil overtook.
- Flat Glass Group: Flat Glass Group is a leading Chinese manufacturer of solar photovoltaic cover glass and float glass. Directly competes with Borosil in solar glass production, with significant capacity overlap and similar end-customers (PV module manufacturers).
- CSG Holding Co. CSG Holding is a major Chinese producer of architectural and solar-grade float glass. Directly comparable as a vertically integrated glass manufacturer with significant solar glass capacity serving module manufacturers.
- AVIC Suzhou Sun Economy Development Group: AVIC subsidiary producing solar glass and PV components in China. Direct competitor in solar cover glass with similar low-iron patterned and coated glass offerings to module manufacturers.
Regional players
- Asahi India Glass (AIS): Asahi India Glass is the leading Indian automotive and architectural glass manufacturer. Regional peer in the Indian flat glass market with similar customer segments and shared regulatory environment, though solar glass is not its primary focus.
Market position
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
Borosil Renewables social profiles
Digital presenceBorosil Renewables compliance and trust
Trust signalCompliance12 records
Borosil Renewables financial estimates
Financial estimateRevenue estimate
Valuation estimate
Borosil Renewables leadership team
Management profileNumber of profiles
Profiles6 records
Borosil Renewables subsidiaries and ownership
Company hierarchySubsidiaries3 records
Borosil Renewables funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Borosil Renewables M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Borosil Renewables
What does Borosil Renewables do?
Borosil Renewables manufactures and sells specialized solar glass for photovoltaic modules, including low iron textured glass, anti-reflective coated glass, anti-soiling coated glass, antimony-free glass, antiglare glass, fully tempered thin glass, and grid-printed back glass for bifacial modules. The company operates approximately 1,350 tonnes per day (~8.5 GW) of production capacity across two large plants in India and Germany, supplying solar module makers and renewable energy developers with standard and customized glass specifications.
Is Borosil Renewables a public or private company?
Borosil Renewables is a public company. It is classified as public and is currently operating.
When was Borosil Renewables founded?
Borosil Renewables was founded in 1962. It employs 101 to 250 people.
Where is Borosil Renewables based?
Borosil Renewables is headquartered in Ahmedabad, India, in the Asia region.
How does Borosil Renewables make money?
One revenue line is on record: solar Glass Sales.
Who are Borosil Renewables's main competitors?
Broad incumbents on record are Saint-Gobain, Şişecam (Trakya Cam Sanayii), Nippon Sheet Glass / Pilkington, AGC Inc. (Asahi Glass Company) and Guardian Industries. Direct peers are Xinyi Solar Holdings, Flat Glass Group, CSG Holding Co. and AVIC Suzhou Sun Economy Development Group. Asahi India Glass (AIS) is listed as a regional player.
Does Borosil Renewables have an API?
No public API is recorded for Borosil Renewables.
What industry is Borosil Renewables in?
Borosil Renewables's product category is Solar Glass Manufacturing. Its primary akta.pro industry code is IMADAHAF, Low‑E, Solar Control & Energy-Efficient Coated Glass, with a secondary code of IMADAHAA, Flat Glass (Float/Sheet/Plate) Manufacturing. Its NAICS code is 327211 and its SIC code is 3211.