About Rayzon Solar
Rayzon Solar is an Energy & Utilities company based in Surat (India) founded in 2017 by Hardik Kothiya. Rayzon Solar has raised $16.2 million across 1 funding round from investors including Sachin Tendulkar, Harshad Patel and Divyang Patel. The company has 1,009 employees. Its chief executive, as recorded, is Amit Barve. Its website rayzonsolar.com draws about 58 thousand monthly visits. Its Indian entity Rayzon Solar Limited reported revenue of ₹2,833 Cr. Its focus areas include Energy, Solar Energy, Hardware Developer and Generation Equipment. Its competitors include Goldi Solar, Su-Kam Power Systems and Emmvee; 1 of its 3 listed competitors has raised funding.
Company details
Manufacturer of photovoltaic solar modules. Its an internationally renowned leading solar energy cost-effective befitting solutions provider having core competency in high-efficiency PV module manufacturing and providing wide range of EPC solutions.
- Headquarters Surat, India
- Employees 1,009
- Founders Hardik Kothiya
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website rayzonsolar.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Rayzon Solar Limited
- Date of Incorporation 20 Jun, 2022
- Jurisdiction Surat, Gujarat, India
- Annual Revenue₹2,833 Cr
FY 2025 · +122% YoY
- Net Profit₹330 Cr
FY 2025 · 12% margin
- EBITDA₹475 Cr
FY 2025 · 17% margin
- Total Equity Funding$16.2M (USD)
in 1 rounds
- Latest Funding Round$16.2M (USD), Series A
Mar 2025
- InvestorsVibrant Gujarat Industrial Directory
& 83 more
- Employee Count1,009
Associated legal entities of Rayzon Solar
Rayzon Solar operates through Rayzon Solar 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 |
|---|---|---|---|---|---|---|---|
| Rayzon Solar Limited CIN U29309GJ2022PLC133026 | Active | 20 Jun 2022 | Surat City, Gujarat | ₹2,833 Cr | 1,576 | 12 | View details |
Apps and channels of Rayzon Solar
its YouTube channel RAYZON SOLAR has 2.06K subscribers and 30 videos.
Videos from Rayzon Solar
The most watched videos on Rayzon Solar's YouTube channel, RAYZON SOLAR (2.06K subscribers). Click a video to play it here.
More on RAYZON SOLAR.
Funding Insights of Rayzon Solar
Rayzon Solar has successfully raised a total of $16.2M through 1 strategic funding round. The most recent funding activity was a Series A round of $16.2 million completed in March 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 $16.2M
- Total Rounds 1
- Last Round Series A — $16.2M
- First Round $16.2M
(Mar 2025)
- Investors Count 84
All 1 funding rounds of Rayzon 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 |
|---|---|---|---|---|---|
| Mar 2025 | $16.2M | Series A | – | – |
84 investors in total: 1 institutional and 83 angel.
Investors in Rayzon Solar
Rayzon Solar has secured backing from 84 investors, including angel investors. Prominent investors backing the company include Sachin Tendulkar, Harshad Patel and Divyang Patel.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
ST Sachin Tendulkar | Cricket legend, angel investor in Indian startups, philanthropist | unknown_6248d715cc7349b99 | ||
HP Harshad Patel | unknown_d3be4073c3724c548 | |||
DP Divyang Patel | unknown_813226b608bd4fee8 | |||
TV Talaviya Vaghajibhai | unknown_8cb5e59d92f145c39 | |||
CS Chirag Suhagiya | unknown_36a309a3e1c24e90b | |||
BK Balar Kantilal | unknown_ae279b29c57948d5b | |||
AJ Ashwani Jhamb | unknown_9ab11b642d534e558 | |||
KS Kartavya Sorathiya | unknown_8cf28ae19d9243148 | |||
VA Vrinda Agarwal | unknown_a384632b7c3a416ba | |||
NK Nakrani Kalpeshbhai | unknown_6d10ebc6e87043b0a |
Investor details for Rayzon Solar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Rayzon Solar Limited (Rayzon Solar)
Rayzon Solar Limited is the primary company behind Rayzon Solar. The board of Rayzon Solar Limited currently have 9 directors; the longest-serving is Ashokbhai Manjibhai Kothiya, appointed in 2022. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashokbhai Manjibhai Kothiya DIN 09607318 | Whole-time director | 20 Jun 2022 | 4 yrs 4 mo | Rayzon Solar Limited |
| Devchandbhai Kalubhai Nakrani DIN 09607327 | Whole-time director | 20 Jun 2022 | 4 yrs 4 mo | Rayzon Solar Limited |
| Chirag Devchandbhai Nakrani DIN 08589167 | Managing Director | 20 Jun 2022 | 4 yrs 4 mo | Rayzon Solar Limited |
| Hardik Ashokbhai Kothiya DIN 08589174 | Managing Director | 20 Jun 2022 | 4 yrs 4 mo | Rayzon Solar Limited |
| Binay Radhakisan Agarwal DIN 00356879 | Director | 30 Jan 2025 | 1 yr 8 mo | Rayzon Solar Limited |
| Jay Ajit Chhaira DIN 03129439 | Director | 30 Jan 2025 | 1 yr 8 mo | Rayzon Solar Limited |
| Ankit Naresh Mittal DIN 10056094 | Director | 30 Jan 2025 | 1 yr 8 mo | Rayzon Solar Limited |
| Deepali Darshak Lakdawala DIN 10888500 | Director | 30 Jan 2025 | 1 yr 8 mo | Rayzon Solar Limited |
| Smita Kiran Davda DIN 11125469 | Director | 05 Jun 2025 | 1 yr 4 mo | Rayzon Solar Limited |
People of Rayzon Solar
30 people are tracked at Rayzon Solar (10 in leadership, 20 in team); the tracked headcount is 1,009.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Managing Director | Leadership | |
Amit Barve | CEO | Leadership |
Mukund Goti | Deputy General Manager | Leadership |
Bhrugesh Nakarani | Assistant General Manager | Leadership |
| Founder & MD | Leadership | |
Bhargav Savaliya | Head Of Production | Leadership |
Ankit Shah | Chief Financial Officer | Leadership |
Vishal Savaliya | HEAD - EPC (sales) | Leadership |
Rikesh Shah | Vice President - Module Sales | Leadership |
Vineet Tyagi | Head- Sales North | Leadership |
Sakib Noor | Maintenance Engineer | Team |
Akash Lohar | Research And Development Engineer | Team |
Aniruddh Kheradiya | Manager | Team |
Manoranjan Singh | Sr. Account Executive | Team |
Kaushik Bhanderi | Key Account Manager | Team |
Krunal Patel | Key Account Manager | Team |
Hiren Parmar | Senior Account Executive | Team |
Sourav Pandey | Assistant Manager Maintenance | Team |
Bipin Solanki | Team Lead | Team |
Jai Nagpal | Key Account Manager | Team |
10 more people are available in the full profile.
Complete people profiles for Rayzon Solar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Rayzon Solar
Figures of Rayzon Solar Limited, the primary company behind Rayzon Solar, for FY 2025. Revenue was ₹2,833 Cr (+122% year on year). Net profit was ₹330 Cr (12% margin). EBITDA was ₹475 Cr (17% margin).
- ₹2,833 CrRevenue · FY 2025 · +122% YoY
- ₹330 CrNet profit · 12% margin
- ₹475 CrEBITDA · 17% margin
- ₹61.20 CrPaid-up capital
- 1,576Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Rayzon Solar Limited are on its company page.
Detailed financial statements for Rayzon Solar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of Rayzon Solar
2 dated milestones of Rayzon Solar across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Rayzon Solar is founded.
- Funding First funding round of $16.2M.
Competitors of Rayzon Solar
Rayzon Solar has 3 listed competitors 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 competitors of Rayzon Solar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Rayzon Solar
The website of Rayzon Solar (rayzonsolar.com) receives about 58.2K visits a month.
- Monthly visits58.2K
▲ 207.5% vs previous month
Websites whose visitors overlap most with Rayzon Solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vikramsolar.com | 100% | 37.9K | View details | ||
| solex.in | 96% | 9.9K | #2,515,447 | View details | |
| waaree.com | 95% | 375.8K | #128,049 | View details | |
| freyrenergy.com | 95% | 65.2K | #570,688 | View details | |
| feniceenergy.com | 93% | 5.5K | #3,708,955 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Rayzon Solar
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Rayzon Solar (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Related news about Rayzon Solar
Complete news archive for Rayzon Solar
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Articles about Rayzon Solar on our blog
Frequently Asked Questions about Rayzon Solar
Rayzon Solar was founded in 2017 and raised its 1st funding round 8 years after it was founded.
Rayzon Solar is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Amit Barve is the CEO of Rayzon Solar, as recorded in our data.
Rayzon Solar is a funded company, having raised a total of $16.2M across 1 funding round to date. The company's 1st funding round was a Series A of $16.2M, raised on Mar 2025.
Rayzon Solar has 1,009 employees.
The primary company behind Rayzon Solar, Rayzon Solar Limited, reported revenue of ₹2,833 Cr for FY 2025, up 122% year on year.
Manufacturer of photovoltaic solar modules. Its an internationally renowned leading solar energy cost-effective befitting solutions provider having core competency in high-efficiency PV module manufacturing and providing wide range of EPC solutions.
Rayzon Solar's top competitors include Goldi Solar, Su-Kam Power Systems and Emmvee.
Rayzon Solar has 84 investors. Key investors include Sachin Tendulkar, Harshad Patel, Divyang Patel, Talaviya Vaghajibhai, and Chirag Suhagiya.
Rayzon Solar operates through Rayzon Solar Limited.
The legal entities of Rayzon Solar currently have 12 directors, including Ashokbhai Manjibhai Kothiya, Devchandbhai Kalubhai Nakrani, Chirag Devchandbhai Nakrani and others.