Vikram Solar - About the company
Vikram Solar is a public company based in Kolkata (India), founded in 2005. It operates as a Manufacturer of solar photovoltaic modules and renewable energy solutions. Vikram Solar has raised $94.1M in funding from investors like VCAPL, Vikram Capital Management and Vikram Financial Services. The company has 1786 active competitors, including 99 funded and 126 that have exited. Its top competitors include companies like Waaree Energies, First Solar and Jinko Solar.
Company Details
Manufacturer of solar photovoltaic modules and renewable energy solutions. It designs and manufactures solar panels and related components for energy generation. It offers services including system design, installation support, and ongoing maintenance. It supports both residential and commercial renewable energy projects.
- Website
- www.vikramsolar.com
- Social
- Email ID
- *****@vikramsolar.com
- Phone Number
- +91 **********
- Registered Address
- BIOWONDER, Unit No. 1102, 11TH FLOOR, 789, ANANDAPUR MAIN ROAD, EASTERN METROPOLITAN BYPASS, E.K.T, Kolkata, Kolkata, West Bengal, India, 700107
Key Metrics
Founded Year
2005
Location
Kolkata, India
Stage
Public
Total Funding
$94.1M in 4 rounds
Latest Funding Round
Ranked
3rd among 1786 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
1,895 as on Aug 31, 2025
Exit Details
Public
Legal entities associated with Vikram Solar
Vikram Solar is associated with 6 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VIKI.AI PRIVATE LIMITED CIN: U72900WB2019PTC232260 , India, Active | Jun 04, 2019 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
VSL LOGISTICS SOLUTIONS PRIVATE LIMITED CIN: U63030WB2019PTC234918 , India, Active | Nov 22, 2019 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 41 (As on Aug 01, 2025) | |
Vikram Solar Limited CIN: L18100WB2005PLC106448 , India, Active | Dec 02, 2005 | ₹1,000+ Cr (As on Mar 31, 2025) | 1853 (As on Aug 31, 2025) | |
Traction Partners Llp CIN: AAT-8342 , India, Active | Sep 15, 2020 | - | - | |
VIKRAM SOLAR FOUNDATION CIN: U74999WB2017NPL218930 , India, Active | Jan 13, 2017 | 0 - ₹10 Cr (As on Mar 31, 2025) | 1 (As on Aug 31, 2025) | |
VSL RE POWER PRIVATE LIMITED CIN: U31909WB2019PTC234779 , India, Active | Nov 16, 2019 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 18 (As on Jan 31, 2025) |
Vikram Solar's IPO details
Vikram Solar got listed on Aug 26, 2025.
Click here to take a look at Vikram Solar's IPO in detail
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Vikram Solar's funding and investors
Vikram Solar has raised a total funding of $94.1M over 4 rounds. Its first funding round was on Jan 21, 2012. Its latest funding round was a Series B round on Jun 10, 2024 for $*****. 34 investors participated in its latest round. Vikram Solar has 71 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of Vikram Solar:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 10, 2024 | 2476075 | Series B | 8094700 | 9649006 | 6103084 | 3270603 |
Mar 31, 2016 | 4680761 | Series A | 8668784 | 3813277 | 2383504 | 1378783 |
Jan 04, 2013 | 5610588 | Series A | 7622971 | 6443564 | 6778216 |
Access funding benchmarks and valuations. Sign up today!View details of Vikram Solar's funding rounds and investors
Vikram Solar's founders and board of directors
Founder? Claim ProfileVikram Solar's Board of Directors
Vikram Solar's board has 6 active members. Gyanesh Chaudhary, Neha Agrawal and Krishna Kumar Maskara are part of team and Sumit Binani, Ratnabali Kakkar and Subramanya Krishnappa are independent board members.Here is the list of Vikram Solar's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 14y 9m | |
uryqjvp | Team | - | Current | 7y 3m |
sawqnie | Team | - | Current | 8y 9m |
Independent board member | - | Current | 1y 9m | |
pduqpfu | Independent board member | - | Current | 9y 7m |
hktrnea | Independent board member | - | Current | 7y 2m |
Vikram Solar's employee count trend
Vikram Solar has 1,895 employees as of Aug 25. The total employee count is 17.0% more than what it was in Aug 24. Here is Vikram Solar's employee count trend over the years:
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Vikram Solar's Competitors and alternates
Top competitors of Vikram Solar include Waaree Energies, First Solar and Jinko Solar. Here is the list of Top 10 competitors of Vikram Solar, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Waaree Energies 1990, Mumbai (India), Public | Manufacturer of solar PV modules | $261M | 73/100 | |
2nd |  First Solar 1999, Tempe (United States), Public | Provider of cadmium telluride-based flexible solar modules | - | 70/100 | |
3rd | Vikram Solar 2005, Kolkata (India), Public | Manufacturer of solar photovoltaic modules and renewable energy solutions | $94.1M | 69/100 | |
4th |  Jinko Solar 2006, Shanghai (China), Acquired | Manufacturer of solar modules | $35M | 67/100 | |
5th | Premier Energies 1995, Secunderabad (India), Public | Manufacturer and supplier of solar cells and modules with a focus on sustainable energy solutions | $45M | 66/100 | |
6th | Suniva 2007, Norcross (United States), Acquired | Manufacturer of solar PV modules | $224M | 66/100 | |
7th |  Swift Solar 2017, Golden (United States), Series A | Provider of flexible perovskite solar cells | $42.4M | 64/100 | |
8th |  Saatvik Green Energy 2015, Gurugram (India), Public | Manufacturers of solar PV modules | - | - | 64/100 |
9th |  CubicPV 2021, Bedford (United States), Series C | Manufacturer of solar PV modules | $137M | 63/100 | |
10th |  Tandem PV 2017, San Francisco (United States), Series A | Developer of a perovskite-based solar cell | $64.4M | 62/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Vikram Solar's competitors? Click here to see the top ones
Vikram Solar's Latest cap tables and shareholding
Founders own 3.98%, Funds own 2.25%, Enterprises (largest shareholder) own 49.36% and Other People own 30.45%. The net worth of Vikram Solar's founders is INR 160Cr as of Jun 25, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 3.98% | 160Cr | 702 | 228 | 191 | 688 |
Fund | 2.25% | 90.9Cr | 42 | 27 | 55 | 64 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 49.36% | 1,980Cr | 4596436 | 5686400 | 6982275 | 9939113 |
Other People | 30.45% | 1,220Cr | 8219938 | 4836820 | 9353857 | 6845276 |
ESOP Pool | 3.94% | 159Cr | 213 | 463 | 593 | 255 |
Other Investors | 9.99% | 402Cr | 3186571 | 8357439 | 5724399 | 7246652 |
Total | 99.97% | 4,020Cr | 3517558 | 1279264 | 3003558 | 6669215 |
To unlock detailed Cap Table of Vikram Solar Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Vikram Solar's Shareholding
Vikram Solar's Investments and acquisitions
Vikram Solar has made no investments or acquisitions yet.
Reports related to Vikram Solar
Here is the latest report on Vikram Solar's geography:
News related to Vikram Solar
Filter this listMedia has covered Vikram Solar for a total of 35 events in the last 1 year, 19 of them have been about company updates and 4 about people movement.
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Vikram Solar to Invest Rs 15,037 Crore in Battery Energy Storage Systems Facility in Tamil NaduDeccan Herald•Jul 09, 2026•Vikram Solar
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Vikram Solar shares fall 2% after NCLT admits insolvency petition over alleged duesMoneycontrol•Jun 22, 2026•Vikram Solar
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Vikram Solar Reports 22% Revenue Increase in Q4 FY26 Driven by Robust Module SalesMercom India•May 08, 2026•Vikram Solar
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Vikram Solar’s PowerHive Launches VION Lithium Batteries in Indiapv magazine•Mar 12, 2026•Vikram Solar
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Solar Module Capacity Under ALMM Rises to 173 GWMercom India•Mar 03, 2026•Vikram Solar, Mecwin Technologies
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