About Goldi Solar
Goldi Solar is an Energy & Utilities company based in Surat (India) founded in 2011 by Ishver Dholakiya. It operates as a manufacturer of solar PV modules. Goldi Solar has raised $230.96 million across 5 funding rounds from investors including Havells, Ambit and SRF. The company has 603 employees. Goldi Solar was last valued at $657.41 million in March 2025. Its website goldisolar.com draws about 28 thousand monthly visits. Its Indian entity Goldi Sun Private Limited reported revenue of ₹1,576 Cr. Its focus areas include Energy, Solar Energy, Hardware Developer and Generation Equipment. Its competitors include Kyocera, Trina Solar, Su-Kam Power Systems, Emmvee and Navitas Solar and 3 more; 4 of its 8 listed competitors have raised funding.
Company details
Goldi Solar was founded in 2011 in Surat, India, within the renewable energy sector. Solar photovoltaic modules are produced for various applications, including rooftop installations. Additional products such as inverters, solar pumps, and street lighting systems are supplied. Engineering, procurement, and construction services are extended to solar projects. Solar energy solutions are delivered, emphasizing operational efficiency in the Indian market.
- Headquarters Surat, India
- Employees 603
- Founders Ishver Dholakiya
- Stage Minicorn
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website goldisolar.com
- Social LinkedIn X Facebook Instagram
- Legal Name Goldi Sun Private Limited
- Date of Incorporation 06 May, 2020
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1,576 Cr
FY 2025 · +38% YoY
- Net Profit₹62.12 Cr
FY 2025 · 4% margin
- EBITDA₹164 Cr
FY 2025 · 10% margin
- Total Equity Funding$230.96M (USD)
in 5 rounds
- Latest Funding Round$76M (USD), Series A
Oct 2025
- InvestorsHavells
& 12 more
- Employee Count603
Associated legal entities of Goldi Solar
Goldi Solar is associated with 3 registered companies on The Company Check; the primary company is Goldi Sun Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Goldi Sun Private Limited CIN U40100MH2020PTC396893 | Active | 06 May 2020 | Mumbai, Maharashtra | ₹1,576 Cr | 603 | 2 | View details |
| Goldi Harsha Ventures Llp CIN ABZ-6372 | Active | 28 Dec 2022 | Surat, Gujarat | – | – | 2 | View details |
| Goldi Solar Private Limited CIN U40100MH2011PTC350073 | Active | 23 Feb 2011 | Mumbai, Maharashtra | ₹3,450 Cr | 106 | 3 | View details |
Funding Insights of Goldi Solar
Goldi Solar has successfully raised a total of $230.96M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $76 million completed in October 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $230.96M
- Total Rounds 5
- Last Round Series A — $76M
- First Round $1.42M
(Jan 2012)
- Investors Count 13
All 5 funding rounds of Goldi Solar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2025 | $76M | Series A | – | Havells | |
| Aug 2025 | $15.71M | Angel Round | – | – | |
| Apr 2025 | $116.57M | Series A | – | Havells, Godwitt | |
| Mar 2025 | $21.26M | Angel Round | $657.41M | Brijraj Kanhaiyalal Malani | |
| Jan 2012 | $1.42M | Seed | $8.61M | Numeric Commodeal | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2025 | $657.41M | •••••••• |
| Jan 2012 | $8.61M | •••••••• |
Last known valuation $657.41M (Mar 2025). 13 investors in total: 8 institutional and 5 angel.
Investors in Goldi Solar
Goldi Solar has secured backing from 13 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Havells, Ambit and SRF.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in public markets, commodities, private equities, and real estate by a family office. | 2006 | sekhsaria.com | Mumbai, India | |
- | – | numericcommodeal.tcc.mode | - | |
Electrical equipment for domestic and industrial applications is manufactured. | 1983 | havells.com | Noida, India | |
Ambit is recognized as a leading provider of financial advice and capital in India. | 1997 | ambit.co | Mumbai, India | |
Garments are contract-manufactured by Shahi in apparel production. | 1974 | shahi.co.in | Faridabad, India | |
Fluorochemicals, specialty chemicals, and technical textiles are manufactured. | 1970 | srf.com | Gurugram, India | |
- | – | karmavrealestateholdings.tcc.mode | - | |
BK Brijraj Kanhaiyalal Malani | - | – | unknown_25bb0f4e9e5140868 | - |
AM Ashish Mehta | - | – | unknown_099405c454454ff0a | - |
NK Nikhil Kamath | Co-founder of Zerodha, India's largest brokerage, and active angel investor. | – | unknown_e3d9b4eef118444aa | - |
Investor details for Goldi Solar
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Board of directors of Goldi Sun Private Limited (Goldi Solar)
Goldi Sun Private Limited is the primary company behind Goldi Solar. The boards of the 3 registered companies of Goldi Solar currently have 4 directors; the longest-serving is Harish Ranjit Rangwala, appointed in 2022. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harish Ranjit Rangwala DIN 00278062 | Designated Partner | 28 Dec 2022 | 3 yrs 9 mo | Goldi Harsha Ventures Llp |
| Ishverbhai Arjanbhai Dholakiya DIN 01981790 | Designated Partner | 20 Jul 2024 | 2 yrs 3 mo | Goldi Harsha Ventures Llp, Goldi Solar Private Limited, Goldi Sun Private Limited |
| Dhruv Ishverbhai Dholakiya DIN 10565192 | Director | 20 Jul 2024 | 2 yrs 3 mo | Goldi Solar Private Limited, Goldi Sun Private Limited |
| Prag Kumar Bhatnagar DIN 11276386 | Nominee Director | 18 Sep 2025 | 1 yr 1 mo | Goldi Solar Private Limited |
People of Goldi Solar
2 people are tracked at Goldi Solar (2 in leadership); the tracked headcount is 603.
| Name | Role | Group |
|---|---|---|
Ishver Dholakiya | Co-Founder & Managing Director | Leadership |
Divya Bhaskar | Capt. Ishver Dholakiya- Founder & Managing Director | Leadership |
Complete people profiles for Goldi Solar
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Financials of Goldi Solar
Figures of Goldi Sun Private Limited, the primary company behind Goldi Solar, for FY 2025. Revenue was ₹1,576 Cr (+38% year on year). Net profit was ₹62.12 Cr (4% margin). EBITDA was ₹164 Cr (10% margin). Revenue has grown at a compounded annual rate of +897% over three years.
- ₹1,576 CrRevenue · FY 2025 · +38% YoY
- ₹62.12 CrNet profit · 4% margin
- ₹164 CrEBITDA · 10% margin
- ₹41.5 LakhPaid-up capital
- 603Employees (provident fund records)
- +897%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Goldi Sun Private Limited are on its company page.
Detailed financial statements for Goldi Solar
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Timeline of Goldi Solar
4 dated milestones of Goldi Solar across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Goldi Solar is founded.
- Funding First funding round of $1.4M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $76.0M.
Competitors of Goldi Solar
Goldi Solar has 8 listed competitors in our database, 4 of them funded. They include Kyocera, Trina Solar, Su-Kam Power Systems, Emmvee and Navitas Solar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| global.kyocera.com | 1959 | Horse Shoe, United States | $2M | 70,153 | Kyocera is engaged in providing technology solutions globally. | |
| trinasolar.com | 1997 | San Jose, United States | $40M | 69 | Photovoltaic cells for PV and smart energy solutions are developed. | |
| su-kam.com | 1988 | Gurugram, India | – | 288 | Solar panels and power storage products are manufactured. | |
| emmvee.com | 1992 | Bengaluru, India | – | 530 | Manufactures solar panels, water heaters, and turnkey solutions for renewable energy. | |
| navitassolar.in | 2013 | Surat, India | $9.85M | 134 | Manufacturer of solar panel | |
| moserbaersolar.com | 1983 | Delhi, India | – | 70 | PV modules, solar tiles, and related solar products are manufactured. | |
| saatvikgroup.com | 2015 | Ambala, India | – | 154 | Manufactures solar modules and offers EPC services for renewable energy projects in India. | |
| hhvsolar.com | 2008 | Bengaluru, India | $13.36M | – | PV modules are manufactured by HHV Solar Technologies in India. |
Detailed competitors of Goldi Solar
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Web traffic of Goldi Solar
The website of Goldi Solar (goldisolar.com) receives about 27.7K visits a month.
- Monthly visits27.7K
▲ 19.4% vs previous month
Websites whose visitors overlap most with Goldi Solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| itsmysun.com | 100% | 31.1K | #1,119,552 | View details | |
| vikramsolar.com | 98% | 37.9K | – | View details | |
| orbenergy.com | 97% | 6.9K | #2,988,873 | View details | |
shop.waaree.com | shop.waaree.com | 89% | – | #200,753 | – |
| solex.in | 86% | 9.9K | #2,515,447 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Goldi Solar
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Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as Goldi Solar (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Goldi Solar
Goldi Solar was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Goldi Solar is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Goldi Solar is a funded company, having raised a total of $230.96M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.42M, raised on Jan 2012.
Goldi Solar has 603 employees.
The primary company behind Goldi Solar, Goldi Sun Private Limited, reported revenue of ₹1,576 Cr for FY 2025, up 38% year on year.
Goldi Solar was founded in 2011 in Surat, India, within the renewable energy sector. Solar photovoltaic modules are produced for various applications, including rooftop installations. Additional products such as inverters, solar pumps, and street lighting systems are supplied. Engineering, procurement, and construction services are extended to solar projects. Solar energy solutions are delivered, emphasizing operational efficiency in the Indian market.
Goldi Solar's top competitors include Trina Solar, Kyocera and Navitas Solar.
Goldi Solar has 13 investors. Key investors include Havells, Ambit, SRF, Shahi, and Narotam Sekhsaria Family Office.
The valuation of Goldi Solar is $657.41M as of Mar 2025.
Goldi Solar is associated with 3 legal entities: Goldi Sun Private Limited, Goldi Harsha Ventures Llp, Goldi Solar Private Limited.
The legal entities of Goldi Solar currently have 4 directors, including Harish Ranjit Rangwala, Ishverbhai Arjanbhai Dholakiya, Dhruv Ishverbhai Dholakiya and others.