Vikram Solar
VIKRAMSOLR · Industrial > Electronics - Components Listing date: Aug. 26, 2025

Vikram Solar Limited was originally incorporated as ‘International Leather Clothiers Private Limited’ as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated December 2, 2005, issued by the Registrar of Companies, West Bengal at Kolkata (RoC). As it opted to discontinue dealing in leather goods and decided to focus on clothing items, the name of the company was changed from ‘International Leather Clothiers Private Limited’ to ‘International Clothiers India Private Limited’ pursuant to which a fresh certificate of incorporation consequent upon change of name was issued by the RoC dated May 10, 2006. Thereafter, following the acquisition of ‘International Clothiers India Private Limited’ by the Vikram Group, its line of business was decided to be transitioned from that of clothing items to solar energy and to accurately reflect its new business activity and its affiliation with the Vikram Group , the name of the company was changed from ‘International Clothiers India Private Limited’ to ‘Vikram Solar Private Limited’ pursuant to which a fresh certificate of incorporation consequent upon change of name was issued by the RoC dated September 3, 2008. Subsequently, the company was converted from a private limited company to a public limited company and a fresh certificate of incorporation consequent upon conversion from private to public company dated August 22, 2017 was issued by the RoC and the name of the company was changed from ‘Vikram Solar Private Limited’ to ‘Vikram Solar Limited’.

The company is one of India’s largest solar photo-voltaic (PV) modules manufacturers with more than a decade of experience in the industry.  It has developed strong engineering capabilities in designing highly-automated production lines using specifically-chosen equipment. Its portfolio of solar energy products consists p-type monocrystalline silicon based Passivated Emitter and Rear Contact (PERC) modules, N-Type monocrystalline silicon (N-Type) modules and n-type monocrystalline silicon-based heterojunction technology (HJT) modules; all of these being either bifacial (glass-to-glass/ glass-to-transparent back sheet) or monofacial (glass-to-white/black back sheet) modules.  

It also focused on converging digital technologies with its manufacturing operations, such as by using artificial intelligence, cognitive modelling, machine learning, virtual reality, augmented reality and robotic process automation. Its manufacturing units are automated, utilising equipment and technologies from Japan, Germany, United States, Switzerland and China.

Business area of the company 

The company and its subsidiaries are engaged in the business of manufacturing and sale of Solar photovoltaic modules / systems. They are also engaged into setting up of the Solar Power Plant / Systems and provides operation and maintenance services. The company is one of India’s largest solar photo-voltaic (PV) modules manufacturers.

Products of the company

  • HJT (Bifacial)
  • N-Type (Bifacial)
  • Mono-PERC (Bifacial)
  • Mono-PERC (Monofacial)

Awards, accreditations or recognitions

  • 2015: The Company received a certificate for special recognition in the category of Leading Renewable Energy Manufacturers- Solar at the Renewable Energy India Awards, 2015
  • 2017: The Company received an award for ‘Best Solar Energy Solutions Provider 2017' at the APAC Insider Business Awards, 2017.
  • 2017: The Company received the ‘Highest Job Creator Award’ in the above Rs 500 crores to RS 100 crores category at the ET Bengal Corporate Awards 2017 by The Economic Times
  • 2018: The Company received the Gold Award for being the ‘Top Exporter, West Bengal – MSME’ at the 6th Export Excellence Awards, 2017-18, by Federation of India Export Organisations (eastern region)
  • 2018: The Company was presented with West Bengal Best Employer Brand Awards 2018 at the 13th Employer Branding Awards by World HRD Congress
  • 2018: The Company was declared the winner for its Outstanding Achievement in the Leadership Category of Solar Module Company of the Year by Solar Quarter- India Rooftop Solar Congress, 2018
  • 2018: The Company received the ‘Manufacturing Leadership Award in the Solar Sector’ at the West Bengal Manufacturing Leadership Awards, 2018
  • 2018: The Company received the ‘ET Bengal Corporate Award’ for fastest growing company in the above 1000 crore category at the ET Bengal Corporate Awards 2018 by Economic Times
  • 2018: The Company received ‘Best Companies to Work For, India 2018’ award in the 8th edition of India’s most prestigious solar industry awards by Solar Quarter
  • 2018: The Company was adjudged as SD’s No. 1 Solar PV Panel Manufacturer of the Year and SD’s No. 1 Grid Sharing Solar PV Power Solution Provider of the Year in SD’s Solar Survey, 2018 at the SD Solar Survey awards, 2018
  • 2018: The Company received the award for ‘Company of the Year- Green Energy’ at the Dare to Dream Awards, 2018 by ZEEBusiness
  • 2019: The Company received the CII Award for Customer Obsession, Recognition for Active Customer Engagement - Large Business Organization powered by Tata Communications
  • 2019: The Company was a Gold Award Winner in the category ‘Best Performing Modules of the Year-Domestic Manufacturer – Utility Solar’ for outstanding achievement in the renewable energy sector at the RE Assets Excellence Awards, 2019 by Solar Quarter Windinsider
  • 2019: The Company was conferred with the award for ‘Outstanding Contribution in Renewable Energy EPC for 80 MW Solar Project in Charanka, Gujarat’ at the 8th EPC World Awards
  • 2019: The Company was presented with the award for ‘Achievement in Solar Energy Utilization’ at the Rail Analysis India Summit 2019
  • 2020: The Company was recognized as the ‘India’s Leading Brands Rising Star, 2020’ in the solar energy category, by the Brand Story.
  • 2020: The Company received the ‘Solar Module Manufacturer of the Year- Domestic (Gold Award)’ for outstanding achievements in the Rooftop Solar Energy Sector by the India Rooftop Solar Congress, 2020.
  • 2020: The Company was awarded ‘Business Leader of the Year Award’ by ET Now in the Customer Centric Excellence category.
  • 2021: The Company was awarded ‘Company of the Year: EPC’ and ‘Outstanding Product Innovation of the Year’ at the India Utility Solar Week Leadership Awards, 2021 by FirstVIEW Intelligent Business.
  • 2022: The Company was awarded ‘Company of the Year: EPC’ and ‘Module Company of the Year: National (Platinum)’ at the India Utility Solar Week Leadership Awards, 2022 by FirstVIEW Intelligent Business.
  • 2022: The Company was awarded the ‘Special Jury Award’ under unlisted medium category of the first edition of the corporate governance recognition 2022 event by the Bengal Chamber of Commerce and Industry.
  • 2022: The Company was awarded the ‘Best Green Energy Initiative Company of the Year’ award at the dare to dream event, 2022.
  • 2022: The Company was awarded the ‘Silver award for Manufacturing and Engineering’ at the fourth ICC National Occupational Health & Safety Award
  • 2022: The Company was awarded the ‘Innovative Project and Jury Choice (Product Development) Award’ at ICC’s 2nd Green Urja and Energy Efficiency Awards
  • 2022: The Company was awarded the ‘EPC Company of the Year: Commercial’, ‘Company of the Year: Module’ and ‘Smart Technology Innovation of the Year- Solar Module’ at the India Rooftop Solar Congress Awards, 2022 by FirstVIEW Intelligent Business.
  • 2023: The Company was awarded ‘Company of the Year: Module Domestic (Platinum)’ award at the Utility Solar Show India Leadership Awards 2023 by FirstVIEW Intelligent Business
  • 2023: The Company was awarded ‘Smart Technology Innovation of the Year (Modules)’ award at the 'Utility Solar Show India Leadership Awards 2023 by FirstVIEW Intelligent Business
  • 2023: The Company was awarded ‘Gold CCQC-2023’ award by the Quality Circle Forum of India, Kolkata Chapter, 2023
  • 2023: The Company was awarded the ‘Silver Award’ at the CII-SR EHS Excellence Awards 2023, by the Confederation of Indian Industry
  • 2024: The Company was awarded ‘Best Project of the Year - Ground Mount’ category in Solar Quarter State Leadership Awards (Rajasthan), 2024 by FirstVIEW Intelligent Business
  • 2024: The Company’s manufacturing facility in Falta was awarded Gold Medal at the National Awards for Manufacturing Competitiveness (2023-24) by International Research Institute for Manufacturing, 2024.
  • 2024: The Company was awarded the ‘Gold rank’ at the 37th annual chapter convention on quality concepts - CCQC 2024’ by the Quality Circle Forum of India, Kolkata Chapter, 2024 for its case study on ‘Annual Chapter Convention on Quality Concepts’
  • 2025: The Company received a ‘Commendation’, under the category of renewable energy excellence award – solar module manufacturing, at the 5th Green Urja and Energy Efficiency Awards, organised by the Indian Chamber of Commerce
  • 2025: The Company was honoured at the Enterprise Growth Awards 2025 organized by Deloitte Private, in recognition of its commitment to purpose, governance, growth, and India’s entrepreneurial future.

History and milestones

  • 2005: The Company was incorporated as ‘International Leather Clothiers Private Limited’ at Kolkata, West Bengal.
  • 2009: Supplied, installed and commissioned 1st phase of 500 KW solar power plant at Solar Park Kottenheim, Germany.
  • 2011-2012:  Supplied, installed and commissioned 2 MW grid connected solar power plant on turnkey basis in Chhattisgarh 
  • 2011-2012: Design, engineering, supply, installation, commissioning, operation and maintenance of 1 MW grid connected solar power plant on a turnkey basis in Odisha.
  • 2013: Installed a 100 KWp solar PV Plant on the rooftop of the arrival terminal block of the Cochin International Airport., making it the world’s first airport to completely operate on solar power.
  • 2014: Ranked as Tier-1 PV Module Maker in the Bloomberg NEF rankings as of quarter 1 of 2014. 
  • 2014: First Company in India to install and commission a 10kW experimental grid tied floating solar PV generating station.
  • 2015: Reached 500MW production capacity.
  • 2017: The company was ranked as the KIWA PVEL ‘Top Performer’ in the 2017 PVEL PV Module Reliability Scorecard. 
  • 2017: Reached 1,000 MW production capacity 2018-2019 Commissioned a 200 MW grid connected solar PV project in Andhra Pradesh for the Andhra Pradesh Power Generation Corporation Limited.
  • 2019: Commissioned a 2.15 MW grid connected rooftop solar PV plant in Kolkata.
  • 2021: Fourth time Potential – Induced Degradation (PID) top performer in the 2021 PVEL PV Model Reliability Scorecard 
  • 2021: Reached 2,500 MW cumulative annual rated production capacity (inclusive of trial production i.e. which is not yet commercially available).
  • 2022: The company obtained a 350 MW module supply contract in the US.
  • 2022: Reached 3,500 MW cumulative annual rated production capacity. 
  • 2022: The company was certified for M10 and G12 cell modules by TUV Rheinland, UL 61730: 1&2: 2022 for its factories at Panaiyur Village, Kanchipuram, India and Falta SEZ.
  • 2023: The company was awarded a contract by NTPC for supply of plant and equipment and local transportation for a 152 MW SPV Module Package of Nokh Solar Project in Rajasthan. 
  • 2023: Reached 3,500 MW cumulative annual rated production capacity.
  • 2024: Ranked as Tier-1 PV Module Maker in the Bloomberg NEF rankings as of four quarters of 2024. 
  • 2024: The company was awarded a contract by NTPC Renewable Energy Limited (a wholly owned subsidiary of NTPC) for supply of Solar PV Modules for 1255 MW Khavda Solar Project for a quoted capacity of 397.7 MW.
  • 2024: Launched PV module with n-type monocrystalline cell and heterojunction (HJT). 
  • 2024: The company was ranked as the KIWA PVEL ‘Top Performer’ for the 7th time in the 2024 PVEL PV Module Reliability Scorecard.
  • 2025:  Reached 4,500 MW cumulative annual rated production capacity. 
  • 2025: The company entered into a sponsorship agreement with Knight Riders Sports Private Limited thereby acting as the official sponsor or associate sponsor of the cricket team operated by Knight Riders Sports Private Limited for the Indian Premier League governed by the Board of Control for Cricket in India. 
  • 2025: Ranked as Tier-1 PV Module Maker in the Bloomberg NEF rankings as of first quarter of 2025.