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.
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.
People of Vikram Solar
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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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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.
| 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 |
Investments & Acquisitions by Vikram Solar
Financial Statements - Vikram Solar
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.
| 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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Frequently Asked Questions about Vikram Solar
Vikram Solar was founded in 2005 and raised its 1st funding round 7 years after it was founded.
Vikram Solar is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
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.
As of Mar 31, 2024, the latest employee count at Vikram Solar is 2,960.
Annual revenue of Vikram Solar is $400.66M as on Mar 31, 2025.
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.
Vikram Solar offers Solar Panels, EPC Services, O&M Services, and Solar Calculator.
Yes, Vikram Solar is publicly traded on NSE under the ticker symbol VIKRAMSOLR.
Vikram Solar has 44 investors. Key investors include Haldiram, Action TESA, VCAPL, 3A Financial Services, and Pranjal Corporate Services.
The ticker symbol of Vikram Solar is VIKRAMSOLR on NSE.
The valuation of Vikram Solar is $481.96M as of Jun 2024.