Photovoltaic Solar

What Photovoltaic Solar does

Photovoltaic Solar is a Gujarat-based solar energy equipment distributor and installation services provider operating across India since 2016. The company is a sister concern of a plastics manufacturing business with 40 years of operating history, leveraging shared warehousing and infrastructure resources. It distributes Tier-1 solar panels from Trina Solar (Vertex and Tallmax series), Saatvik, and Renew, along with Growatt inverters ranging from 1KW to 2.52MW, and Polycab electrical components including MCBs, RCCBs, and wires. The company self-describes as Gujarat's biggest solar distribution company with cumulative supply of 15+ MW across 50+ clients and 25+ installed projects.

The company generates revenue through two primary streams: one-time equipment sales (distribution of solar panels, inverters, and electrical components) and professional services for PV system installation including site survey, feasibility study, design and analysis, project realization, and technical support. It serves three customer segments — residential (primary), institutional/social, and private/industrial/commercial — with quote-based project pricing that varies by system size and complexity. Government subsidy programs (MNRE Central Financial Assistance up to 30-70% and GEDA Gujarat state subsidy of Rs 10,000/KW) are channeled to eligible customers as part of the value proposition, alongside benefits like 40% accelerated depreciation for commercial installations and 3-4 year ROI claims.

The company's go-to-market is built on direct customer engagement through its website, phone-based inquiry handling, and physical offices in Vadodara (headquarters), Anand, and Halol, supported by a 20,000 sq ft warehouse in Halol's industrial area and a Mumbai warehouse for distribution. It operates a multi-channel approach combining direct installation services for commercial and industrial customers with brand-authorized distribution of Tier-1 equipment across India. The company has reached 7+ states and maintains a sub-brand called PVS360 Design offering PV system design software through a partner website. Its named customers include Amee Multispeciality Hospital, HGIA (residential association), residential clients, and The Summit Business Park in Mumbai, demonstrating capability across project sizes from sub-2KW residential to multi-tens-of-KW commercial installations.

Name

Photovoltaic Solar

Legal name

Photovoltaic Solar

Website

https://photovoltaicsolar.in

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Photovoltaic Solar is a Gujarat-based Tier-1 solar equipment distributor and PV system installer serving residential, institutional, and commercial customers across 7+ Indian states since 2016.

Ownership category

akta.pro rank

Product category

Solar Energy Equipment Distribution & Installation

NAICS

Roofing Contractors (23816), Roofing Contractors (238160)

akta.pro primary industry

Solar Distribution & Wholesale Supply (Channel, Procurement, Logistics) (EUAMABAK)

akta.pro secondary industries

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Solar Roofing & Roof-Mounted PV Systems (IMADAFAO)

Keywords

• Solar PV distribution
• Solar panel installation
• Solar inverter distribution
• Rooftop solar systems
• Grid-tied solar EPC

Headquarters

HQ city

Vadodara

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Solar Equipment Distribution: Distribution and sale of solar panels, inverters, and related electrical equipment (MCB, RCCB, wires) to end customers. Equipment is sourced from brands like Trina Solar, Saatvik, Renew, Growatt, and Polycab.
2. Solar System Installation Services: Installation services for PV systems including site survey, feasibility study, design & analysis, project realization, installation and technical support. Services are offered to residential, institutional/social, and private/industrial/commercial sectors.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Photovoltaic Solar is an authorized distributor and installer of solar PV equipment, sourcing Tier-1 solar panels (Trina Solar, Saatvik, Renew), Growatt solar inverters (1KW to 2.52MW) and Polycab electrical accessories (MCB, RCCB, wires). It sells and installs grid-tied rooftop and ground-mounted PV systems for residential, institutional/social and commercial/industrial customers across India, with end-to-end services from site survey and feasibility study to design, installation, commissioning and technical support.

Product overview

Photovoltaic Solar operates as a solar energy equipment distributor and installer in India, headquartered in Gujarat. The company distributes Tier-1 solar panels from brands including Trina Solar (Vertex and Tallmax series with monocrystalline and polycrystalline options), Saatvik, and Renew, along with Growatt solar inverters (ranging from 1KW to 2.52MW in both single-phase and three-phase configurations) and Polycab electrical components (MCB, RCCB, and wires). The product portfolio also includes PVS360 Design software for PV system design. The company provides installation services across three main segments: Residential (with MNRE subsidy support up to 30-70%), Institution/Social (with MNRE Central Financial Assistance), and Private/Industrial/Commercial (with benefits including 40% accelerated depreciation).

Differentiator

Problem solved

Functional benefit

Brands

• PVS360: PV Solar Design service offered by the company

Products and services

• Trina Solar Panels Tier-1 solar panels distributed by Photovoltaic Solar as an authorized distributor in India. Available in Vertex and Tallmax series with monocrystalline and polycrystalline cell technologies, suited for residential, commercial and industrial rooftop and ground-mounted installations.
• Saatvik Solar Panels Solar panels distributed by Photovoltaic Solar as an authorized distributor of Saatvik in India, supplied to residential, commercial and industrial customers.
• Renew Solar Panels Solar panels distributed by Photovoltaic Solar as an authorized distributor of Renew Solar in India.
• Growatt Solar Inverters Solar inverters distributed by Photovoltaic Solar as an authorized distributor of Growatt in India, ranging from 1KW to 2.52MW for residential, commercial rooftop and utility-scale applications. Includes single-phase and three-phase string inverters with smart monitoring.
• Polycab MCB, RCCB & Wires MCB (Miniature Circuit Breaker), RCCB (Residual Current Circuit Breaker) and wires for solar PV installations, distributed by Photovoltaic Solar as an authorized distributor of Polycab in India.
• Residential Solar PV Systems Turnkey rooftop solar PV systems for residential customers, including design, installation and support for government subsidies (MNRE Central Financial Assistance up to 30% in general category states and 70% in special category states such as North Eastern states, Sikkim, Uttarakhand, Himachal Pradesh, J&K, Lakshadweep and Andaman & Nicobar Islands; plus GEDA subsidy of Rs 10,000/KW capped at Rs 20,000 in Gujarat).
• Institution/Social Solar PV Systems Solar PV systems for institutions and social-sector organizations with large roof tops, including Central Financial Assistance (CFA) support through MNRE for qualifying projects, designed to reduce energy bills and generate additional income.
• Private/Industrial/Commercial Solar PV Systems Grid-tied solar PV systems for commercial and industrial customers, providing benefits including 40% accelerated depreciation and ROI within 3–4 years, with references including a 57.6 KW ground-mounted plant at G.I.D.C Halol and a commercial building installation in Mumbai.
• PVS360 Design PV Solar Design software tool offered by Photovoltaic Solar under the PVS360 sub-brand (pvs360design.in) for system design and analysis of residential and commercial PV installations.

Quantifiable outcome

• ROI within 3-4 years for PV systems
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core.

• Trina SolarcoreTechnology or IntegrationAuthorized distributor of Trina Solar panels in India. Trina Solar is a Tier-1 solar panel manufacturer offering Vertex series and Tallmax series panels including mono and poly cell technologies.
• SaatvikcoreTechnology or IntegrationAuthorized distributor of Saatvik solar panels in India.
• Renew SolarcoreTechnology or IntegrationAuthorized distributor of Renew Solar panels in India.
• GrowattcoreTechnology or IntegrationAuthorized distributor of Growatt solar inverters in India. Growatt is a world-leading manufacturer of cost-effective solar inverters with over 6GW installation globally, offering products from 1KW to 2.52MW.
• PolycabcoreTechnology or IntegrationAuthorized distributor of Polycab MCB, RCCB and Wires in India.
• Ministry of New and Renewable Energy (MNRE)coreStrategic or Co-development PartnerGovernment partnership for Central Financial Assistance (CFA) programs. MNRE provides subsidies for residential, institutional and social sector rooftop projects under various slabs.
• Gujarat Energy Development Agency (GEDA)coreStrategic or Co-development PartnerState government energy development agency providing subsidy of Rs 10000 per KW through GEDA for Gujarat state solar installations, with max limit of Rs 20000.

Scale indicators10 records

Recent moves5 records

Expansion highlights5 records

Others

• Saatvik Green Energy: Indian solar PV module manufacturer whose products Photovoltaic Solar distributes. Comparable as a partner/supplier rather than direct competitor; represents the upstream relationship that defines part of Photovoltaic Solar's product offering.
• RenewSys India: Indian manufacturer of solar PV modules, cells, and encapsulants. Comparable as an upstream solar brand whose panels Photovoltaic Solar distributes, illustrating the supply-side ecosystem in which the company operates.

Broad incumbents

• Tata Power Solar Systems: Subsidiary of Tata Power, one of India's largest rooftop solar EPC operators and panel manufacturers. Directly comparable as an end-to-end rooftop solar installer serving residential, commercial, and industrial customers, but with national scale and brand equity.
• Adani Solar: Solar PV manufacturer and EPC arm of the Adani Group, offering panels and large-scale rooftop and utility installations in India. Comparable as a Tier-1 solar brand competing for the same residential, institutional, and C&I rooftop projects.
• Waaree Energies: India's largest solar PV module manufacturer with significant distribution and EPC operations across India. Comparable as a vertically integrated solar brand that combines manufacturing, distribution, and rooftop/C&I installation, but operates at materially greater scale than Photovoltaic Solar.

Emerging players

• Freyr Energy: Indian rooftop solar startup focused on small commercial and residential installations with proprietary financing and software tools. Comparable as a regional rooftop solar installer with technology-enabled customer engagement, though smaller scale.

Direct peers

• Vikram Solar: Indian solar PV module manufacturer with a domestic distribution network and EPC services. Directly comparable as a Tier-1 solar panel brand whose modules are distributed and installed by Indian rooftop solar partners like Photovoltaic Solar.
• Loom Solar: India-based solar panel manufacturer and online retailer selling panels and inverters directly to residential and small commercial customers. Comparable as a pan-India solar distribution brand competing for the same residential rooftop segment.
• Jakson Group: Indian solar EPC and power solutions provider with rooftop solar and module manufacturing operations. Comparable as a multi-state Indian solar distributor and installer targeting C&I and institutional customers.
• Fourth Partner Energy: Indian distributed solar EPC focused on C&I rooftop and open-access solar projects. Comparable as an India-focused rooftop solar installer competing for the same institutional and commercial customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Photovoltaic Solar