About Raaj Solar
Raaj Solar is an Energy & Utilities company based in Ahmedabad (India) founded in 2010. It produces high-quality solar PV modules. It operates on a B2B model. The company has 505 employees. Its Indian entity Raajratna Ventures Limited reported revenue of ₹564 Cr. Its focus areas include Energy, Renewable Energy, Solar Power and PV Modules Manufacturing. Similar companies include Goldi Solar, Su-Kam Power Systems and Emmvee; 1 of its 3 listed similar companies has raised funding.
Company details
Raaj Solar, founded in 2010 in Ahmedabad, India, focuses on working in the energy sector, promoting renewable energy, solar power, and pv modules manufacturing. Produces high-quality solar PV modules. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Ahmedabad, India
- Employees 505
- SectorsEnergy & Utilities
- Website raajsolar.com
- Social Facebook
- Legal Name Raajratna Ventures Limited
- Date of Incorporation 10 Jun, 2004
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹564 Cr
FY 2025 · +22% YoY
- Net Profit₹51.20 Cr
FY 2025 · 9% margin
- EBITDA₹80.54 Cr
FY 2025 · 14% margin
- Employee Count505
Associated legal entities of Raaj Solar
Raaj Solar operates through Raajratna Ventures Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Raajratna Ventures Limited CIN U27209GJ2004PLC044288 | Active | 10 Jun 2004 | Ahmedabad, Gujarat | ₹564 Cr | 505 | 11 | View details |
Board of directors of Raajratna Ventures Limited (Raaj Solar)
Raajratna Ventures Limited is the primary company behind Raaj Solar. The board of Raajratna Ventures Limited currently have 9 directors; the longest-serving is Babulal Dalichand Sanghvi, appointed in 2004. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Babulal Dalichand Sanghvi DIN 00601159 | Director | 10 Jun 2004 | 22 yrs 4 mo | Raajratna Ventures Limited |
| Arvindkumar Dalichand Sanghvi DIN 00435340 | Director | 10 Jun 2004 | 22 yrs 4 mo | Raajratna Ventures Limited |
| Tarachand Dalichand Sanghvi DIN 00601195 | Director | 17 Jan 2005 | 21 yrs 9 mo | Raajratna Ventures Limited |
| Aashish Arvind Sanghvi DIN 02974825 | Whole-time director | 01 May 2010 | 16 yrs 6 mo | Raajratna Ventures Limited |
| Naresh Babulal Sanghvi DIN 00601322 | Managing Director | 01 Jun 2011 | 15 yrs 5 mo | Raajratna Ventures Limited |
| Ashit Gautambhai Shah DIN 09447772 | CFO | 01 Jun 2014 | 12 yrs 5 mo | Raajratna Ventures Limited |
| Jaykishan Arvindkumar Sanghvi DIN 06929856 | Whole-time director | 02 Mar 2015 | 11 yrs 8 mo | Raajratna Ventures Limited |
| Purvashi Dineshchandra Adhvaryu DIN 07587103 | Director | 21 May 2021 | 5 yrs 5 mo | Raajratna Ventures Limited |
| Rujuta Ashvinbhai Shah DIN 06967869 | Director | 20 Nov 2023 | 2 yrs 11 mo | Raajratna Ventures Limited |
Financials of Raaj Solar
Figures of Raajratna Ventures Limited, the primary company behind Raaj Solar, for FY 2025. Revenue was ₹564 Cr (+22% year on year). Net profit was ₹51.20 Cr (9% margin). EBITDA was ₹80.54 Cr (14% margin). Revenue has grown at a compounded annual rate of +6% over three years and +13% over five years.
- ₹564 CrRevenue · FY 2025 · +22% YoY
- ₹51.20 CrNet profit · 9% margin
- ₹80.54 CrEBITDA · 14% margin
- ₹10.00 CrPaid-up capital
- 505Employees (provident fund records)
- +6%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Raajratna Ventures Limited are on its company page.
Detailed financial statements for Raaj Solar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Similar companies to Raaj Solar
Raaj Solar has 3 listed similar companies in our database, 1 of them funded. They include Goldi Solar, Su-Kam Power Systems and Emmvee.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goldisolar.com | 2011 | Surat, India | $230.96M | 1,583 | Manufacturer of solar PV modules | |
| 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. |
Detailed similar companies of Raaj Solar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Raaj Solar
The website of Raaj Solar (raajsolar.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 19.8% vs previous month
Websites whose visitors overlap most with Raaj Solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| agnisolar.com | 23% | 8.8K | #2,139,078 | View details |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Raaj Solar
Raaj Solar was founded in 2010.
Raaj Solar is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Raaj Solar has 505 employees.
The primary company behind Raaj Solar, Raajratna Ventures Limited, reported revenue of ₹564 Cr for FY 2025, up 22% year on year.
Raaj Solar, founded in 2010 in Ahmedabad, India, focuses on working in the energy sector, promoting renewable energy, solar power, and pv modules manufacturing. Produces high-quality solar PV modules. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Raaj Solar's top competitors include Goldi Solar, Su-Kam Power Systems and Emmvee.
Raaj Solar operates through Raajratna Ventures Limited.
The legal entities of Raaj Solar currently have 10 directors, including Rujuta Ashvinbhai Shah, Aashish Arvind Sanghvi, Babulal Dalichand Sanghvi and others.