About Vikram Solar
Vikram Solar is a company based in Kolkata (India) founded in 2005 by Gyanesh Chaudhary.. Vikram Solar has raised $94.08 million across 4 funding rounds from investors including Haldiram, Action TESA and VCAPL. The company has 2,960 employees as of March 31, 2024. Vikram Solar offers products and services including Solar Panels, EPC Services, O&M Services, and Solar Calculator. Vikram Solar operates in a competitive market with competitors including Kyocera, IFRI-SOL, ARTsolar, ZERGOUN GREEN ENERGY and Union Power Energy, among others.
- Headquarter Kolkata, India
- Employees 2960 as on 31 Mar, 2024
- Founders Gyanesh Chaudhary
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vikram Solar Limited
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Annual Revenue
$400.66 M (USD)36.34as on Mar 31, 2025
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Net Profit
$16.39 M (USD)75.41as on Mar 31, 2025
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EBITDA
$58.29 M (USD)21.53as on Mar 31, 2025
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Total Equity Funding
$94.08 M (USD)
in 4 rounds
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Latest Funding Round
$85.6 M (USD), Series B
Jun 10, 2024
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Investors
Haldiram
& 43 more
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Employee Count
2960
as on Mar 31, 2024
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IPO & Listings of Vikram Solar
Vikram Solar is a publicly listed company on the NSE with ticker symbol VIKRAMSOLR in India, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Vikram Solar
Vikram Solar offers a comprehensive portfolio of products and services, including Solar Panels, EPC Services, O&M Services, and Solar Calculator. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manufactured panels for solar energy generation and installation.
Engineering, procurement, and construction for solar projects.
Operations and maintenance for installed solar systems.
Online tool for estimating solar energy needs and costs.
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Funding Insights of Vikram Solar
Vikram Solar has successfully raised a total of $94.08M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $85.6 million completed in June 2024. 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 Total Funding
- Total Rounds 4
- Last Round Series B — $85.6M
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First Round
First Round
(21 Jan 2012)
- Investors Count 44
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series B - Vikram Solar | Valuation | Viney Equity Market , VCAPL | |
| Mar, 2016 | Amount | Series A - Vikram Solar | Valuation | Monolink Trexim |
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| Jan, 2013 | Amount | Series A - Vikram Solar | Valuation | Vikram Capital Management |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Vikram Solar
Vikram Solar has secured backing from 44 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Haldiram, Action TESA and VCAPL. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Financial services including portfolio management, alternative investments, and offshore products for high net-worth individuals and institutions.
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Founded Year | Domain | Location | |
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Investments in the cryptocurrency sector are managed by VC Ventures.
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Founded Year | Domain | Location | |
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Seed-stage venture capital investments are targeted by Singhvi Heritage.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Vikram Solar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Vikram Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vikram Solar Comparisons
Competitors of Vikram Solar
Vikram Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kyocera, IFRI-SOL, ARTsolar, ZERGOUN GREEN ENERGY and Union Power Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Kyocera is engaged in providing technology solutions globally.
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| domain | founded_year | HQ Location |
Manufactures high-efficiency solar panels and supplies them globally through partnerships.
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| domain | founded_year | HQ Location |
Manufactures solar PV modules, assembles panels, and distributes solar products locally.
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| domain | founded_year | HQ Location |
Produces high-quality solar modules for sustainable energy solutions.
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| domain | founded_year | HQ Location |
Offers engineering, procurement, and construction for power generation and solar installations in Africa.
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| domain | founded_year | HQ Location |
Manufactures lightweight steel solar structures and provides installation services in South Africa.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vikram Solar
Frequently Asked Questions about Vikram Solar
When was Vikram Solar founded?
Vikram Solar was founded in 2005 and raised its 1st funding round 7 years after it was founded.
Where is Vikram Solar located?
Vikram Solar is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Is Vikram Solar a funded company?
Vikram Solar is a funded company, having raised a total of $94.08M across 4 funding rounds to date. The company's 1st funding round was a Series A of $551.16K, raised on Jan 21, 2012.
How many employees does Vikram Solar have?
As of Mar 31, 2024, the latest employee count at Vikram Solar is 2,960.
What is the annual revenue of Vikram Solar?
Annual revenue of Vikram Solar is $400.66M as on Mar 31, 2025.
What does Vikram Solar do?
Vikram Solar was founded in 2005 in Kolkata, India, and operates in the renewable energy sector. Solar panels and related components are designed and manufactured for energy generation. Services such as system design, installation support, and maintenance are offered to support residential and commercial projects. Operations focus on photovoltaic technology to facilitate sustainable energy solutions across India.
Who are the top competitors of Vikram Solar?
What products or services does Vikram Solar offer?
Vikram Solar offers Solar Panels, EPC Services, O&M Services, and Solar Calculator.
Is Vikram Solar publicly traded?
Yes, Vikram Solar is publicly traded on NSE under the ticker symbol VIKRAMSOLR.
Who are Vikram Solar's investors?
Vikram Solar has 44 investors. Key investors include Haldiram, Action TESA, VCAPL, 3A Financial Services, and Pranjal Corporate Services.
What is Vikram Solar's ticker symbol?
The ticker symbol of Vikram Solar is VIKRAMSOLR on NSE.
What is Vikram Solar's valuation?
The valuation of Vikram Solar is $481.96M as of Jun 2024.