Vikram Solar Ltd

Vikram Solar Ltd. was originally incorporated as International Leather Clothiers Private Limited at Kolkata West Bengal on December 2 2005. Further Company name changed to International Clothiers Private Limited dated May 10 2006. The name further changed from International Clothiers Private Limited to Vikram Solar Private Limited pursuant to which a fresh Certificate of Incorporation was issued by RoC dated September 3 2008. Subsequently Company converted to Public Company and consequently its name was changed to Vikram Solar Limited and a fresh Certificate of Incorporation dated August 22 2017 pursuant to conversion was issued by RoC. The Company is one of Indias largest module manufacturers in terms of operational capacity producing Solar PhotoVoltaic PV Modules and an integrated solar energy solutions provider offering Engineering Procurement and Construction EPC services and Operations and Maintenance OM services. It is engaged in manufacturing and sale of Solar photovoltaic modules / systems. Their manufacturing plants are located at Falta Special Economic Zone SEZ in West Bengal. The products and services cater to multiple business divisions such as domestic solar PV module sales EPC and OM services which serve as value added services to business in manufacturing solar PV modules and exports. The Solar PV systems are currently manufactured using both polycrystalline and monocrystalline cell technology. The portfolio in solar energy products consists of solar modules like: i polycrystalline modules and ii monocrystalline passivated emitter and rear cell Mono PERC modules which includes bifacial glasstoglass and glasstoback sheet modules. These products are differentiated on the basis of solar technology and type as well as cell size. In particular PV modules have wattages between 330Wp and 660Wp a prototype which is a measure of the amount of sunlight irradiation that falls on the surface of a solar panel and converted into electricity ranging between 17.01 and 21.47. In 2009 the Company started their manufacturing operations with an annual rated production capacity of 12 MW. It supplied installed and commissioned their first Phase of 500 KW Solar Power Plant at Kottenheim Germany. The 3 MW grid connected solar power plant was installed under the National Solar Mission of India during the year 201112. In 2014 it commissioned a floating solar PV plant of 10kW in India. Its production capacity reached 500 MW in 2015. The Company transferred its entire shareholding of Vikram Power Ventures Private limited to Vikram Capital Management Limited postmerger known as Vikram Capital Management Private Limited and Shri. Hari Krishna Chaudhary as a nominee of Vikram Capital Management Private Limited.In 2017 the production capacity reached to 1000 MW. In 2019 the Company commissioned 200 MW solar plant in Andhra Pradesh for a State Power Generation Company. It installed Eastern Indias largest single shed solar rooftop project with capacity of 2.15 MW.In 2020 the entire shareholding of VSL Ventures Private Limited was transferred to Vikram Capital Management Private Limited and Shri. Gyanesh Chaudhary as a nominee of Vikram Capital Management Private Limited by the Company.In 2021 the Company transferred its entire shareholding of Vikram Solar RE Power Private limited to VSL Ventures Private Limited and entire shareholding of Viki.ai Private limited to VSL Ventures Private Limited and nominee of the Company Smt. Urmila Chaudhary. The cumulative annual rated production capacity reached 2500 MW which is not as yet available commercially across their factories located at Falta SEZ Kolkata West Bengal and at Oragadam in Tamil Nadu. Both of these factories are located strategically with access to ports rail and roads helping facilitate both domestic as well as international operations. The Company has commenced plans on upgrading the existing manufacturing plant in Falta from its present capacity of 1.2 GW to 3 GW within Fiscal 2023. In addition it installed solar power plants for six airports in India including the Cochin International Airport Limited which is the worlds first fully solarized airport. It set up a geographically diversified presence in India through an extensive network of 42 distributors.The Company is planning to raise capital from Public by raising Rs. 1500 Equity Shares through Fresh Issue and 5000000 Equity Shares through Offer for Sale..

Revenue: ₹1,452.82Cr as on March 2026 (Q4 FY26)
Net Profit: ₹110.42Cr as on March 2026 (Q4 FY26)
Listing date: 26 Aug, 2025
Chairperson Name: Gyanesh Chaudhary