Gautam Solar
Gautam Solar is a New Delhi-headquartered Indian solar PV module manufacturer founded in 1997, producing N-Type TOPCon and Mono PERC modules for utility-scale, C&I, agricultural, residential, and data center customers, with EPC services and an announced Rs. 4,000 Crores investment in cell manufacturing.
- Company typePrivate
- Founded1997
- HeadquartersNew Delhi, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Gautam Solar does
Gautam Solar is an Indian solar photovoltaic module manufacturer founded in 1997 and headquartered in New Delhi, operating in the utility-scale, commercial, industrial, agricultural (PM-KUSUM), residential, and data center customer segments. The company produces N-Type TOPCon modules and Mono PERC modules and offers engineering, procurement and construction (EPC) services for solar power plants, with a 5 GW module manufacturing capacity of which 4 GW is ALMM-approved. It is ranked 4th in India by JMK Research for Q4 2025 and among the Global Top 30 by Wood Mackenzie for 2025.
The company's core technology is its solar PV module manufacturing line, anchored by patented AI-Assisted Electroluminescence (EL) Testing for quality control and patented Non-Destructive Cutting (NDC) technology for cell processing. Modules range up to the 630 Wp R Series TOPCon line, and product lines are NZIA and FER-X compliant to access European markets under the EU Net-Zero Industry Act framework. Production is supported by domestic procurement and a 96% domestic shipment share.
Gautam Solar's business model combines module sales and project EPC, monetizing through per-watt pricing on shipped modules and project-based EPC contracts. Forward integration is underway via an announced Rs. 4,000 Crores (approximately USD 475 million) investment in 5 GW solar cell manufacturing capacity, alongside plans for 2 GW of ingot and wafer manufacturing. The company is promoter-owned, with three Mohanka family members in leadership, and reports 250%+ revenue growth between FY24 and FY25 alongside a CRISIL A-/Stable credit rating upgraded from BBB+/Stable.
Gautam Solar firmographics
Firmographics- Name
- Gautam Solar
- Legal name
- Gautam Solar Private Limited
- Website
- https://gautamsolar.com
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Gautam Solar is a New Delhi-headquartered Indian solar PV module manufacturer founded in 1997, producing N-Type TOPCon and Mono PERC modules for utility-scale, C&I, agricultural, residential, and data center customers, with EPC services and an announced Rs. 4,000 Crores investment in cell manufacturing.
- Ownership category
- akta.pro rank
Gautam Solar industry classification
Industry- Product category
- Solar Photovoltaic Modules
- 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
- Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Solar Roofing & Roof-Mounted PV Systems (IMADAFAO)
Keywords
Where Gautam Solar is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices5 records
Markets served
Gautam Solar business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Solar Module Sales: Sale of N-Type TOPCon and Mono PERC solar modules to developers, EPCs, C&I businesses, and government projects. Revenue is generated through one-time hardware sales with 10-year product warranty and 25-year performance warranty.
- EPC Services for Solar Power Plants: Engineering, procurement, and construction services for solar power plants including open access, ground-mounted, rooftop, and PM-KUSUM projects for commercial, industrial, agricultural, and residential segments.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Gautam Solar product offering
Product offeringCore offering
Gautam Solar designs, manufactures, and supplies high-efficiency N-Type TOPCon and Mono PERC photovoltaic solar modules for utility-scale, commercial, industrial, and agricultural applications. As a vertically integrated manufacturer, the company also provides Engineering, Procurement, and Construction (EPC) services for solar power plants including open access, ground-mounted, rooftop, and PM-KUSUM installations.
Product overview
Gautam Solar is an Indian solar module manufacturer offering two primary product lines: N-Type TOPCon Solar Modules and Mono PERC Solar Modules, both available in monofacial and bifacial configurations. The company operates as a vertically integrated manufacturer combining module manufacturing with EPC services for Solar Power Plants, including Open Access, Ground-Mounted, and Rooftop installations for commercial and industrial applications. Additional offerings include PM-KUSUM scheme solutions for agricultural sectors and Battery Energy Storage Systems (BESS) for C&I behind-the-meter applications.
Differentiator
Problem solved
Functional benefit
Products and services
- N-Type TOPCon Solar Modules
Quantifiable outcome
- Module efficiency up to 23.69% (G12 R 640 Wp)
- +6 more outcomes
Companies that use Gautam Solar
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles5 records
Gautam Solar technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Gautam Solar partnerships and signals
Strategic signalScale indicators9 records
Recent moves9 records
Expansion highlights6 records
Gautam Solar competitors and assessment
Company assessmentDirect peers
- Waaree Energies: India's largest solar module manufacturer with vertically integrated cell-to-module operations. Directly comparable as a domestic Indian module manufacturer serving utility-scale, C&I, and rooftop segments with both TOPCon and PERC technology.
- RenewSys India: Indian manufacturer of solar PV modules and encapsulants, serving domestic and international markets. Comparable as a domestic module manufacturer with mid-tier scale and similar C&I/utility customer focus.
- Adani Solar: Vertically integrated solar module and cell manufacturer within the Adani Group, one of the top Indian manufacturers with significant utility-scale and EPC exposure. Closely comparable in product line, customer base, and vertical integration strategy.
- Tata Power Solar: Indian solar module manufacturer and EPC provider, part of the Tata Group, serving utility-scale, C&I, and rooftop customers. Direct peer with similar vertically integrated model and strong brand/bankability profile.
- Vikram Solar: Indian solar PV module manufacturer with significant module manufacturing capacity and EPC operations, serving domestic and international markets. Closely comparable on product portfolio, customer segments, and bankability positioning.
- Premier Energies: Indian solar cell and module manufacturer with integrated operations and a recent public listing. Comparable in product mix (TOPCon cells and modules), scale of capacity, and target customer segments in India.
Broad incumbents
- First Solar: US-based thin-film solar module manufacturer with utility-scale focus and strong bankability profile. Comparable as a globally bankable module supplier, though operating in a different technology track (CdTe thin-film vs. crystalline silicon TOPCon/PERC).
- Trina Solar: Global top-tier solar module manufacturer with strong TOPCon and N-type technology portfolio. Comparable in product technology and module efficiency benchmarks, but Chinese-domiciled and excluded from many Indian government tenders.
- Jinko Solar: One of the world's largest solar module manufacturers with vertically integrated cell-to-module operations. Comparable in product technology (TOPCon) and global market presence, though Chinese-domiciled and therefore less directly competitive in ALMM/NZIA-restricted markets.
Emerging players
- Goldi Solar: Indian solar module manufacturer with growing module capacity and EPC operations, focused on domestic C&I and utility markets. Comparable in product offering and customer segments, though at a smaller scale than Gautam Solar.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Gautam Solar social profiles
Digital presenceGautam Solar compliance and trust
Trust signalCompliance19 records
Gautam Solar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gautam Solar leadership team
Management profileNumber of profiles
Profiles3 records
Gautam Solar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gautam 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 Gautam Solar
What does Gautam Solar do?
Gautam Solar designs, manufactures, and supplies high-efficiency N-Type TOPCon and Mono PERC photovoltaic solar modules for utility-scale, commercial, industrial, and agricultural applications. As a vertically integrated manufacturer, the company also provides Engineering, Procurement, and Construction (EPC) services for solar power plants including open access, ground-mounted, rooftop, and PM-KUSUM installations.
Is Gautam Solar a public or private company?
Gautam Solar is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Gautam Solar founded?
Gautam Solar was founded in 1997. It employs 1,001 to 5,000 people.
Where is Gautam Solar based?
Gautam Solar is headquartered in New Delhi, India, in the Asia region.
How does Gautam Solar make money?
Two revenue lines are on record. Solar Module Sales are the primary driver. The others are EPC Services for Solar Power Plants.
Who are Gautam Solar's main competitors?
Direct peers on record are Waaree Energies, RenewSys India, Adani Solar, Tata Power Solar, Vikram Solar and Premier Energies. Broad incumbents are First Solar, Trina Solar and Jinko Solar. Goldi Solar is listed as an emerging player.
Does Gautam Solar have an API?
No public API is recorded for Gautam Solar.
What industry is Gautam Solar in?
Gautam Solar's product category is Solar Photovoltaic Modules. Its primary akta.pro industry code is EUAMABAD, Solar PV Module Manufacturing (Cells, Modules, Thin-Film), with a secondary code of EUACAGAB, Utility-Scale PV EPC (Engineering, Procurement & Construction). Its NAICS code is 221114 and its SIC code is 3600.