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OME A: TOP 10 COMPANIES TOP 15 SOLAR PLAYERS IN INDIA

op 15 solar players in Indiated about 10 months ago | Comments Off

Richa Chakravarty

nday, November 24, 2014: The Indian solar industry is at a crucial juncture. On one hand, the

i dumping duty on solar cells and modules recommended by the Ministry of Commerce has

racted a lot of criticism from the industry as it may severely impact the market, if imposed.

the other, the delay in announcing the guidelines for Phase II of the Jawaharlal Nehru

tional Solar Mission (JNNSM) affected the growth trajectory of the sector. However, to scale

solar capacity and promote manufacturing, the Ministry of New and Renewable EnergyNRE) announced guidelines for the Phase II Batch II bundling scheme for a capacity of

00MW. This came as a respite for the industry as it is considered to be one of the largest

ders issued till date. Keeping this scenario in mind, Electronics Bazaar attempted to list the

solar companies that survived the recent harsh market conditions.

e Electronics Bazaar team conducted a survey among the solar companies operating in India

ascertain their performance during 2012-13. While attempting to rank the top solar

mpanies in the country, we faced certain challenges since each company has its own

engths and is perceived as a leader in a specific domain within the industry. Hence, we

ked these companies based on their turnover for 2012-13 (as revenues for a majority of the

mpanies for 2013-14 could not be procured).

would also like to mention that the companies that are into EPC and installation of solarga projects, including Welspun, Lanco, CEL, Sterling, Juwi, etc, were not a part of this

king as these companies are also involved in multiple business verticals, other than solar

ergy. Also, some of the companies did not want to share their current turnover figures.

sclaimer: While this survey is by no means comprehensive, it does provide a

mpse into many of Indias key solar companies. While Electronics Bazaars editorial

am has taken the utmost care to contact all possible sources to make the list

mprehensive, we may have inadvertently left out a few companies from this list.

formation contained in the following report has been obtained from sources

emed reliable, and Electronics Bazaar makes no claims with respect to its accuracy.

ither Electronics Bazaar nor its affiliates, officers, directors, employees, owners,

presentatives nor any of its data or content providers shall be liable for any errors

for any actions taken by any entity on the basis of this information.

Top 15 Solar Companies IN INDIA

Ranked on the basis of revenue, FY 2012-13

nk Company Revenue

(in Rs million)

Tata Power Solar Systems Ltd 5104.67

2 Vikram Solar Pvt Ltd 3815.74

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3 Emmvee Group 3619.11

4 Waaree Energies Ltd 2975.94

5 Moser Baer Solar Group 2421.67

6 Websol Energy System Ltd 1256.82

7 Photon Energy Systems Ltd 1116.02

8 Swelect Energy Systems Ltd 1054.98

9 Surana Ventures Ltd 949.90

10 Premier Solar Systems Pvt Ltd 722.61

11 Jupiter Solar Power Ltd 604.75

12 Indosolar Ltd 558.10

13 Chemtrols Solar Pvt Ltd 286.40

13 Titan Energy Systems Ltd 286.40

14 HHV Solar Technologies Pvt Ltd 281.81

15 Selco Solar Light Pvt Ltd 216.18

nk 1

ta Power Solar Systems Ltd

Annual revenue 2012-13: Rs 5104.67 million

(Revenue for FY 2013-14: Rs 11,054.98 million)

Ajay Goel, CEO

Tata Power Solar is a 100 per cent subsidiary of Tata Power. It is a fully integrated solar

solutions provider of cells, modules and solar products. It also offers EPC services and has

mpleted almost 160MW of ground mounted, utility scaled projects and 40MW of rooftop projects till FY

14. Its present module and cell manufacturing capacity is 200MW and 180MW, respectively.

Year of establishment: 1989

Headquarters located in: Bengaluru

Manufacturing facilities: Three units in Bengaluru

Manufactures: Cells, modules, lighting products, power packs and water pumps

ntact details:Ph: 91-80-6777-2000/3000, www.tatapowersolar.com

nk 2

kram Solar Pvt Ltd

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H K Chaudhary, chairman

Vikram Solar specialises in the manufacture of PV solar modules. It is part of the Vikram

Group of companies, which is a 40 year-old company specialising in engineering and

manufacturing activities. The company has an advanced solar PV module manufacturing

facility in India. Its ISO 9001-2008 accredited manufacturing plant, located in the SEZ of

ta, West Bengal, is spread over a sprawling 3716.12 sq m area and boasts of a 150MW installed

oduction capacity soon to upscale at 550MW. The company executed 40MW projects in Rajasthan and

W project each in Gujarat and Tamil Nadu in 2013.

Year of establishment (solar division): 2009

Headquarters located in: Kolkata

Manufacturing facility: Falta, Kolkata

Manufactures/services provided: Solar modules, EPC

ntact details:Ph: +91 33 22307299, [email protected], www.vikramsolar.com

nk 3

mmvee Group


D V Manjunatha, founder and MD

Emmvee is a manufacturer of mono and poly crystalline modules. The company has been

offering various solar powered products and solutions since 1992. The companys product

portfolio includes high performance PV modules and solar water systems. It also offers EPC

services for solar PV power projects.



Manufacturing facilities: Two units in Bengaluru

Manufactures: Modules, solar thermal systems, and takes up EPC projects

ntact details:Ph: 91-80-4323-3333, [email protected], www.emmveesolar.com

nk 4

aaree Energies Ltd


Hitesh Doshi, CMD

Waaree Energies Ltd is a solar PV module manufacturer and EPC service provider in India.

With an annual production capacity of 110MW, Waaree manufactures a complete range

(1Wp to 300Wp) of off-grid and on-grid PV modules. This year, Waaree Energies has

reached the capacity of 250MW, and it is now a public limited company. In August 2013,

aaree Energies bagged a turnkey order for a 25MW power plant from the Roha Group in Rajasthan, and

o an order to provide solar power in the jails across Madhya Pradesh. In May 2013, it forayed into the

ar thermal space.

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Headquarters located at: Mumbai

Manufacturing facility: Surat, Gujarat

Manufactures: Modules, solar thermal solutions, solar water pumps, solar portable kits, solar thermal

systems, rooftop solutions, etc and takes on EPC projects

ntact details:Ph: +91-22-66444444, [email protected], www.waaree.com

nk 5

oser Baer Solar Group


Deepak Puri, MD

Moser Baer Solar Ltd and Moser Baer Solar Systems Pvt Ltd are subsidiaries of Moser

Baer India Ltd, the total capacity of which, at current efficiency levels, stands at 250MW.

The Moser Baer brand has a dominant position in solar EPC services and solar PV modules

in the Indian as well as international markets. In 2013, the company became one of the

jor players in Keralas ANERT programme for residential rooftop systems.

Year of establishment: Between 2005 and 2007

Headquarters located in: New Delhi

Manufacturing facility: Greater Noida

Manufactures/services provided: Cells, modules, solar systems and the setting up of solar farms and

solar power projects

ntact details: Ph: +91-11-40594444, 26911570/74, +91-11-41635211, 26911860,

ww.moserbaersolar.com

nk 6

ebsol Energy System Ltd


Sohan Lal Agarwal, MD

Websol Energy System Ltd is an Indian manufacturer of PV monocrystalline solar cells and

modules. To enhance its competitive edge, the company undertook a 120MW expansion

programme in 2006. Websol has the technical capability to handle up to 160 micron thin

wafers and process multiple sized wafers. Its products range from 10W to 225W, catering to

erse needs.


Headquarters located at: Falta, West Bengal

Manufacturing facility: Falta SEZ, West Bengal

Manufactures: Solar cells and modules, EPC, etc

ntact details: Ph: 91-3174-222932, [email protected], www.webelsolar.com


5/9

nk 7

oton Energy Systems Ltd

nual revenue 2012-13: Rs 1116.02 million

utham Nalamada, executive director and CEO

oton Energy Systems is a manufacturer of solar PV modules, PV systems and solar thermal systems.

th a production capacity of 50MW, its manufacturing unit is equipped with state of the art facilities, backed

a strong R&D cell and testing lab. It produces solar PV panels ranging from 3Wp to 260Wp. Photon has

C 61215 certification for its range of panels up to 220Wp. In April 2013, it launched its solar off-grid powerts for homes and other installations.


Headquarters located in: Hyderabad

Manufacturing facility: IDA Bollaram, Andhra Pradesh

Manufactures: Modules, solar PV thermal systems, etc

ntact details:Ph: +91-40-23331337/1338/1339; [email protected]; www.photonsolar.in

nk 8

welect Energy Systems Ltd


(Standalone revenue for FY 2013-14: Rs 497.08 million)

R Chelleppan, MD

Swelect Energy Systems (formerly Numeric Power Systems Ltd) is into power and

renewable energy systems. It has commissioned 1.1MW solar power plant in Coimbatore

and 1MW solar power plant in Sivagangai. The company also commissioned 15MW

dular energy power at Karur. HHV Solar Technologies Pvt Ltd is a wholly owned subsidiary of Swelect

ergy.


Headquarters located in: Chennai

Manufactures: Solar modules, solar off-grid products, solar power projects

ntact details:Ph: +91-44-2499-3266, [email protected], www.swelectes.com

nk 9

rana Ventures Ltd


Narender Surana, MD

Surana Ventures (part of Surana Group), manufactures solar power systems primarily

based on PV modules, with power outputs ranging from 3 to 230Wp. It has an installed

capacity of 12MW. Presently, the company has a production capacity of 40MW/annum. In

February 2013, Surana Ventures acquired a production line from German photovoltaic (PV)

m Schott Solar.


6/9


Headquarters located at: Secunderabad, AP

Manufacturing facility: Cherlapally, Hyderabad

Manufactures: Solar modules and deals in solar lighting systems

ntact details:Ph: +91-40-44665-700, [email protected], www.suranaventures.com

nk 10

emier Solar Systems Pvt Ltd


C Saluja, MD

Premier Solar Systems manufactures a wide range of solar products. The manufacturing

unit is equipped with state of the art facilities backed by a strong R&D cell and testing lab.

The manufacturing facility has the latest semi-automated production line, spread over3716.12 sq m. In 2011, the company diversified into solar EPC through its subsidiary

emier Solar Powertech Pvt Ltd.



Manufacturing facility: Medak, AP

Manufactures: Solar PV modules, solar streetlights, solar water pumps and solar power plants

ntact details: Ph: +91-40-27744415/27744416, +91-40-27744417,

[email protected], www.premiersolarsystems.com

nk 11

piter Solar Power Ltd


Alok Garodia, MD

Jupiter Solar Power Ltd (JSPL) is an integrated, end to end solar power solutions provider.

It manufactures PV polycrystalline solar cells in India up to a capacity of 50MW. Its plant

was set up in technical collaboration with Centrotherm AG. JSPL was incorporated as

Jupiter Nivs Technologies Pvt Ltd in 2006, and was named JSPL in 2007.


Headquarters located in: Kolkata

Manufacturing facility: Baddi, Himachal Pradesh

Manufactures/services provided: Solar cells and offers systems solutions

ntact details:Ph: +91-33-4015-9000; [email protected]; www.jupitersolarpower.com


7/9

nk 12

dosolar Ltd


H R Gupta, MD

Indosolar is a manufacturer of solar PV cells. With a plant spread over 300,000 sq m, it

accomodates four production lines with a manufacturing capacity of 450MWp pa. Its

average cell efficiency is 17.40 per cent peaking at 18 per cent with machinery and

technology being supplied by Schmid GmbH on a turnkey basis.


Headquarters located at: Greater Noida, UP

Manufacturing unit: Greater Noida, UP

Manufactures: Solar cells

ntact details: Ph: +91-120-4762500, +91-120-4762500, [email protected], www.indosolar.co.in

nk 13

emtrols Solar Pvt Ltd

Annual revenue for 2012-13: Rs 286.40 million

(The company claims a revenue of Rs 505.00 million in FY 2013-14)

Sharad Saxena, CEO

Chemtrols Solar is the solar EPC division of the 38 year-old Chemtrols Group. The

company offers turnkey EPC services for utility and small scale solar PV projects. The

mpany offers EPC services to over 35 MW of solar PV power projects in India, ground-mounted and

oftop grid-connected as well as off-grid projects. It was honoured with the Intersolar 2013 award for solar

ojects in India for executing Indias first MW scale PV-Disel hybrid rooftop solar (PV) power plant at

upur.


Headquarters located in: Mumbai

Manufactures/services provided: Project development, and EPC for MW and off-grid solar PV projects

ntact details:Ph: +91-22-6715-1200, [email protected]; www.chemtrolssolar.com

nk 13

an Energy Systems Ltd

Annual revenue for 2012-13: Rs 286.40 million

Rao S Y S Chodagam, CMD

Titan Energy Systems Ltd (TESL) is a solar energy systems integration company with

experience in the design, development, construction and operation of MW scale grid

interactive solar power plants. It also designs, manufactures and sells solar photovoltaic

modules and solar products. It has a state of the art 100MW manufacturing facility, and full

fledged in-house R&D capabilities.



8/9


Manufacturing facility: Hyderabad

Manufactures/services provided: Modules and solar energy systems, off-grid solar energy systems

ntact details:Ph: 91-40-2779-1085/0751, [email protected], www.titan-energy.com

nk 14

MV Solar Technologies Pvt Ltd

R Chellappan, MD

HHV Solar Technologies manufactures solar PV modules and offers SPV technology based

solutions to meet the demands of commercial and industrial establishments around the

world. It has the capability to produce both crystalline and thin film silicon PV modules. In

January 2013, Swelect Energy Systems Ltd acquired a 49 per cent stake in HHV Solar. The

capacity of the line is 10MW per year.


Headquarters located in: Bengaluru Rural

Manufacturing facility: Dabaspet, Bengaluru Rural

Manufactures: Solar modules, building integrated photovoltaic solutions

ntact details:Ph: +91-80-22633700, [email protected], www.hhvsolar.com

nk 15

lco Solar Light Pvt Ltd


Dr Harish Hande, MD

Selco Solar is a social enterprise that was established in 1995. It provides sustainable

energy solutions and services to under served households and businesses. Selco

manufactures off-grid products and solar thermal products. Selco currently employs about

295 employees in Karnataka, Gujarat, Maharashtra, Bihar and Tamil Nadu spread across

energy service centres.



Manufactures/services provided: Off-grid solar products, solar thermal products, etc

ntact details:Ph: 91-8026654509, [email protected], www.selco-india.com

ctronics Bazaar, South Asias No.1 Electronics B2B magazine

s:Chemtrols Solar, HMV Solar Technologies, Indosolar Ltd, Jupiter Solar Power Ltd, Selco Solar Light, Surana

tures Ltd, Swelect Energy, Tata Power Solar Systems Ltd, Titan Energy Systems, vikram solar, Waaree Energies,

bsol Energy System
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