Spark Solar
Spark Solar Technologies Pvt Ltd is a Mumbai-based Indian solar PV module manufacturer serving utility-scale, commercial, and residential customers with TOPCon, PERC, bifacial, and half-cut cell modules, plus EPC turnkey and O&M services, operating within the Jakhotia Group.
- Company typePrivate
- Founded2010
- HeadquartersMumbai, India
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Spark Solar does
Spark Solar Technologies Pvt Ltd is a Mumbai-based solar PV module manufacturer founded in 2010 as part of the Jakhotia Group (a diversified Indian conglomerate in business since 1952). The company designs and manufactures photovoltaic modules using a portfolio of cell architectures including half-cut cell, PERC, Bifacial, and TOPCon technologies, with current flagship products delivering up to 710 Wp and module efficiencies up to 22.7%. It operates a dedicated manufacturing facility at Rajlaxmi Hi-Tech Industrial Park in Thane alongside a corporate office and registered office in the Mumbai metropolitan area, and holds BIS certification for its modules.
The company sells through three distinct revenue streams: hardware sales of solar modules to utility-scale, commercial, and residential customers; EPC (Engineering, Procurement and Construction) turnkey services covering the full project lifecycle; and recurring Operations & Maintenance services including condition monitoring and preventive maintenance. Pricing is quote-based and project-specific with multi-year contract cadence, reflecting the custom nature of utility-scale and commercial installations. Go-to-market combines enterprise field sales for utility and large commercial projects, direct-to-consumer rooftop offerings, and B2B installer network distribution. The company participates in major renewable energy exhibitions across India, South Africa, and the UAE, and claims several India firsts including being the first domestic manufacturer of half-cut panels (2015) and 6 bus bar panels (2016), and the largest BIPV module manufacturer in India (2017).
The business is privately held and founder/family-controlled through the Jakhotia family, with no disclosed external institutional funding rounds. Leadership combines family management (Managing Director Saurabh Jakhotia, Director Siddharth Jakhotia) with operating executives including a CEO and CFO, supported by an in-house R&D team and academic advisors from IIT Bombay. The organization employs between 51 and 100 people and serves utility-scale power plant developers, commercial and industrial customers, and residential homeowners across India with emerging presence in South Africa and the Middle East.
Spark Solar firmographics
Firmographics- Name
- Spark Solar
- Legal name
- Spark Solar Technologies Pvt Ltd
- Website
- https://sparksolar.in
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Spark Solar Technologies Pvt Ltd is a Mumbai-based Indian solar PV module manufacturer serving utility-scale, commercial, and residential customers with TOPCon, PERC, bifacial, and half-cut cell modules, plus EPC turnkey and O&M services, operating within the Jakhotia Group.
- Ownership category
- akta.pro rank
Spark Solar industry classification
Industry- Product category
- Solar PV Module Manufacturing
- NAICS
- Solar Electric Power Generation (221114)
- 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), Solar Roofing & Roof-Mounted PV Systems (IMADAFAO)
Keywords
Where Spark Solar is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Spark Solar business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Solar Panel/Module Sales: Manufacturing and selling high-performance solar panels and modules for utility-scale power plants, commercial rooftops, and residential applications. Revenue generated through direct sales of photovoltaic modules.
- EPC (Engineering, Procurement, Construction) Services: Turnkey solar project solutions covering designing, building, and implementation. Includes in-house design and engineering team with technology know-how for project execution.
- Operations & Maintenance (O&M) Services: Maintenance services for solar power plants including preventive maintenance, rapid troubleshooting, advanced analytics, and condition monitoring to sustain plant functioning.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Spark Solar product offering
Product offeringCore offering
Spark Solar manufactures high-performance solar photovoltaic (PV) modules — including half-cut cell, PERC, Bifacial, TOPCon, and BIPV panels — for utility-scale power plants, commercial and industrial facilities, and residential rooftops. The company also delivers end-to-end Engineering, Procurement and Construction (EPC) turnkey solar project solutions and ongoing Operations & Maintenance (O&M) services, with manufacturing carried out in-house at its Thane facility.
Product overview
Spark Solar is a manufacturer of high-performance solar panels offering a portfolio of products across multiple cell technologies. Current flagship products include TOPCon-based modules (Spark 132 Cells TOPCon-G12 MBB at 680-710 Wp and Spark 144 Cells TOPCon-M10 MBB at 560-585 Wp), PERC-based RAPID series (Spark 144 Cells RAPID M10 MBB at 540-560 Wp), and bifacial modules (Spark Bifacial 144 Cells RAPID M10 MBB). The company also offers Building Integrated Photovoltaic (BIPV) solutions including colored BIPV modules for architectural applications. Legacy product lines include 120-cell, 72-cell, 60-cell, and 36/18-cell series. Services include Engineering, Procurement and Construction (EPC) for turnkey solar projects and Operations & Maintenance (O&M) for ongoing plant management.
Differentiator
Problem solved
Functional benefit
Products and services
- Spark 132 Cells TOPCon-G12 MBB Solar Module High-performance solar PV module with 680–710 Wp power output, N-type TOPCon technology, 132 half-cut cells, efficiency up to 22.5%, dimensions 2384 x 1303 x 35 mm, targeted at utility-scale and large commercial solar projects.
- Spark 144 Cells TOPCon-M10 MBB Solar Module High-performance TOPCon solar PV module with 560–585 Wp power output, 144 half-cut cells, efficiency up to 22.7%, dimensions 2277 x 1133 x 30 mm, designed for utility-scale, commercial, and industrial installations.
- Spark 144 Cells TOPCon-M12 MBB Solar Module High-performance solar PV module with 580–600 Wp power output, 144 half-cut cells, TOPCon technology, dimensions 2217 x 1133 x 35 mm, suited to utility-scale and commercial solar deployments.
- Spark Bifacial 144 Cells RAPID M10 MBB Solar Module Bifacial solar PV module with 550–560 Wp power output, P-type Mono PERC technology, 144 half-cut cells, bifacial design producing additional 10–20% (up to 30–40% with single-axis trackers) over monofacial modules, dimensions 2277 x 1133 x 35 mm, for utility-scale and commercial installations seeking maximum yield.
- Spark 144 Cells RAPID M10 MBB Solar Module Monofacial solar PV module with 540–560 Wp power output, PERC half-cut cell technology, 144 cells, dimensions 2277 x 1133 x 35 mm, targeted at utility-scale, commercial, and industrial solar projects.
- Spark BIPV Solar Modules Building Integrated Photovoltaic modules with 250–550 Wp power output, 60–144 half-cut cells, up to 21.5% efficiency, dimensions 2272 x 1128 x 35 mm, including colored variants (RED/GREEN/GOLDEN) for architectural integration into facades, skylights, and rooftops; supplied with a 12-year product warranty and 30-year linear power output warranty.
- EPC (Engineering, Procurement and Construction) Services Turnkey solar project services covering designing, building, and implementation of utility-scale, commercial, and industrial PV plants, delivered by an in-house design and engineering team.
- Operations & Maintenance (O&M) Services Ongoing maintenance services for solar power plants including monitoring of energy production, preventive maintenance, rapid troubleshooting, advanced analytics, and condition monitoring to sustain plant functioning over project lifetime.
- Spark 120 Cells Rapid Series Solar Module Legacy smart solar module with 120 half-cut cells, designed for better shaded-condition performance and higher energy yield, targeted at residential and small commercial rooftops.
- Spark 72 Cells Series Solar Module High-performance legacy solar module with positive tolerance up to 5W, 5-bus bar design, 10-year product warranty and 25-year linear performance warranty.
- Spark 60 Cells Series Solar Module Legacy proven-performance solar module with 4-bus bar design and excellent durability, suited to small commercial and residential installations.
- Spark 36/18 Cells Series Solar Module Legacy solar module with high-efficiency multicrystalline cells up to 17.0% efficiency, withstands wind loads up to 2.4 kPa and snow loads up to 5.4 kPa, available with PERC technology option.
Quantifiable outcome
- Up to 23% cell efficiency
- +3 more outcomes
Companies that use Spark Solar
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Spark Solar technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Spark Solar partnerships and signals
Strategic signalScale indicators4 records
Recent moves13 records
Expansion highlights5 records
Spark Solar competitors and assessment
Company assessmentDirect peers
- Jakson Group: Indian solar EPC and module integration company offering turnkey solar solutions and distributed generation. Comparable diversified energy player serving C&I and utility customers in India.
- Adani Solar: Vertically integrated Indian solar manufacturer and project developer under the Adani Group. Direct competitor offering modules, EPC, and project development at significantly larger scale.
- RenewSys India: Indian manufacturer of solar PV modules, cells, and encapsulants. Comparable mid-sized module producer serving Indian and export markets with similar technology stack.
- Vikram Solar: Indian PV module manufacturer with comparable TOPCon/PERC product lines and EPC capabilities. Competes head-to-head with Spark Solar in utility-scale and commercial rooftop segments in India.
- Tata Power Solar Systems: Subsidiary of Tata Power offering solar modules, EPC, and rooftop solutions. Comparable Indian manufacturer-EPC hybrid serving utility-scale, commercial, and residential segments.
- Waaree Energies: India's largest solar module manufacturer by capacity, offering TOPCon and bifacial modules plus EPC services. Direct competitor in the same Indian utility-scale and rooftop PV market Spark Solar targets.
Broad incumbents
- JinkoSolar: World's largest solar module manufacturer by shipment volume. Represents the scale and cost-leader benchmark against which Indian domestic peers like Spark Solar position themselves for premium and policy-protected segments.
- Trina Solar: Global Tier-1 Chinese module manufacturer with TOPCon leadership at massive scale. Sets pricing benchmarks and technology standards that Indian mid-sized manufacturers like Spark Solar must compete against.
Emerging players
- Premier Energies: Indian solar cell and module manufacturer focused on TOPCon technology. Comparable in product positioning as a domestic TOPCon-focused peer scaling capacity in India.
- Goldi Solar: Indian module manufacturer with TOPCon and bifacial product portfolio comparable to Spark Solar's current generation offerings. Overlapping customer base in utility-scale and rooftop segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks1 record
Key highlights7 records
Customer concentration
Spark Solar social profiles
Digital presenceSpark Solar compliance and trust
Trust signalCompliance1 record
Spark Solar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spark Solar leadership team
Management profileNumber of profiles
Profiles8 records
Spark Solar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spark Solar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spark Solar
What does Spark Solar do?
Spark Solar manufactures high-performance solar photovoltaic (PV) modules — including half-cut cell, PERC, Bifacial, TOPCon, and BIPV panels — for utility-scale power plants, commercial and industrial facilities, and residential rooftops. The company also delivers end-to-end Engineering, Procurement and Construction (EPC) turnkey solar project solutions and ongoing Operations & Maintenance (O&M) services, with manufacturing carried out in-house at its Thane facility.
Is Spark Solar a public or private company?
Spark Solar is a private company. It is classified as family owned and is currently operating.
When was Spark Solar founded?
Spark Solar was founded in 2010. It employs 51 to 100 people.
Where is Spark Solar based?
Spark Solar is headquartered in Mumbai, India, in the Asia region.
How does Spark Solar make money?
Three revenue lines are on record. Solar Panel/Module Sales are the primary driver. The others are EPC (Engineering, Procurement, Construction) Services and operations & Maintenance (O&M) Services.
Who are Spark Solar's main competitors?
Direct peers on record are Jakson Group, Adani Solar, RenewSys India, Vikram Solar, Tata Power Solar Systems and Waaree Energies. Broad incumbents are JinkoSolar and Trina Solar. Emerging players are Premier Energies and Goldi Solar.
Does Spark Solar have an API?
No public API is recorded for Spark Solar.
What industry is Spark Solar in?
Spark Solar's product category is Solar PV Module Manufacturing. Its primary akta.pro industry code is EUAMABAD, Solar PV Module Manufacturing (Cells, Modules, Thin-Film), with a secondary code of EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 221114.