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. 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.
- Annual Revenue₹4,861 Cr
FY 2026 · +41% YoY
- Net Profit₹470 Cr
FY 2026 · 10% margin
- EBITDA₹970 Cr
FY 2026 · 20% margin
- Total Equity Funding$94.08 M (USD)
in 4 rounds
- Latest Funding Round$85.6 M (USD), Series B
Jun 2024
- InvestorsHaldiram
& 43 more
- Employee Count2,960
Associated legal entities of Vikram Solar
Vikram Solar is associated with 6 registered companies on The Company Check; the primary company is Vikram Solar Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vikram Solar Limited Listed CIN L18100WB2005PLC106448 | Active | 02 Dec 2005 | Kolkata, West Bengal | ₹4,861 Cr | 1,454 | 10 | View details |
| Vikram Solar Ltd CIN U18100WB2005PLC106448 | – | 02 Dec 2005 | Kolkata, West Bengal, India | – | – | – | View details |
| Traction Partners Llp CIN AAT-8342 | Strike Off | 15 Sep 2020 | Kolkata, West Bengal | – | – | 2 | View details |
| Viki.Ai Private Limited CIN U72900WB2019PTC232260 | Active | 04 Jun 2019 | Kolkata, West Bengal | ₹4.4 Cr | 3 | 3 | View details |
| Vsl Logistics Solutions Private Limited CIN U63030WB2019PTC234918 | Active | 22 Nov 2019 | Kolkata, West Bengal | ₹169 Cr | 41 | 2 | View details |
| Vsl Re Power Private Limited CIN U31909WB2019PTC234779 | Active | 16 Nov 2019 | Kolkata, West Bengal | ₹62.9 Cr | 8 | 2 | View details |
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.
Apps and channels of Vikram Solar
its YouTube channel vikramsolar has 10.1K subscribers and 30 videos.
Videos from Vikram Solar
The most watched videos on Vikram Solar's YouTube channel, vikramsolar (10.1K subscribers). Click a video to play it here.
More on vikramsolar.
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 $94.1M
- Total Rounds 4
- Last Round Series B — $85.6M
- First Round $6.6M
(Jan 2012)
- Investors Count 44
All 4 funding rounds of Vikram 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 |
|---|---|---|---|---|---|
| Jun 2024 | $85.6M | Series B | $482.0M | Viney Equity Market , VCAPL | |
| Mar 2016 | $1.3M | Series A | $34.6M | Monolink Trexim | – |
| Jan 2013 | $551,157 | Series A | $••••• | Vikram Capital Management | – |
| Jan 2012 | $6.6M | Series A | $••••• | Vikram Financial Services |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2024 | $482.0M | •••••••• |
| Mar 2016 | $34.6M | •••••••• |
| Jan 2013 | $••••• | •••••••• |
| Jan 2012 | $••••• | •••••••• |
Full valuation and stage history of Vikram Solar
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $482.0M (Jun 2024). 43 investors in total: 37 institutional and 6 angel.
Investors in Vikram Solar
Vikram Solar has secured backing from 43 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 |
|---|---|---|---|---|
Financial services including portfolio management, alternative investments, and offshore products for high net-worth individuals and institutions. | 1990 | varaniumgroup.com | Mumbai, India | |
Investments in the cryptocurrency sector are managed by VC Ventures. | – | vcventures.tcc.mode | Jaipur, India | |
Seed-stage venture capital investments are targeted by Singhvi Heritage. | – | sanghviherirtage.tcc.mode | Chennai, India | |
- | – | monolinktrexim.tcc.mode | - | |
Provides investment management services focused on portfolio construction and risk assessment. | 1981 | vikramcapital.in | Kolkata, India | |
Financial services involving loans and mutual funds in India. | – | vikramfinancial.in | - | |
Diversified conglomerate specializing in equity investments, manufacturing, and upscale food services. | 2019 | viney.co.in | Delhi, India | |
- | – | raghavinvestment.tcc.mode | - | |
- | – | bodhivrikshaadvisors.tcc.mode | - | |
- | – | finavenuegrowth.tcc.mode | - |
Investor details for Vikram 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 Vikram Solar Limited (Vikram Solar)
Vikram Solar Limited is the primary company behind Vikram Solar. The boards of the 5 registered companies of Vikram Solar currently have 14 directors; the longest-serving is Krishna Kumar Maskara, appointed in 2009. 47 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Krishna Kumar Maskara DIN 01677008 | Whole-time director | 01 Jan 2009 | 17 yrs 9 mo | Vikram Solar Limited |
| Gyanesh Chaudhary DIN 00060387 | Designated Partner | 15 Sep 2020 | 6 yrs | Traction Partners Llp, Vikram Solar Limited |
| David Robert Hickman DIN 08879396 | Designated Partner | 15 Sep 2020 | 6 yrs | Traction Partners Llp |
| Ratnabali Kakkar DIN 09167547 | Director | 12 Dec 2021 | 4 yrs 9 mo | Vikram Solar Limited |
| Subramanya Krishnappa DIN 00730656 | Director | 15 Feb 2023 | 3 yrs 7 mo | Vikram Solar Limited |
| Sudipta Bhowal DIN 00160577 | Company Secretary | 27 Jun 2023 | 3 yrs 3 mo | Vikram Solar Limited |
| Sumit Binani DIN 01113411 | Director | 27 Sep 2024 | 2 yrs | Vikram Solar Limited |
| Sabyasachi Biswas DIN 10855612 | Director | 30 Nov 2024 | 1 yr 10 mo | Viki.Ai Private Limited |
| Ranjan Kumar Jindal DIN 07259246 | CFO | 28 Mar 2025 | 1 yr 6 mo | Vikram Solar Limited |
| Joginder Pal Dua DIN 02374358 | Director | 01 Dec 2025 | 10 mo | Vikram Solar Limited |
| Suresh Gopinathan Menon DIN 09721950 | Director | 01 Dec 2025 | 10 mo | Vikram Solar Limited |
| Viveck Chaudary DIN 06609845 | Additional Director | 10 Dec 2025 | 9 mo | Vsl Re Power Private Limited, Vsl Logistics Solutions Private Limited, Viki.Ai Private Limited |
| Rajrishi Sharma DIN 03333297 | Additional Director | 10 Dec 2025 | 9 mo | Vsl Re Power Private Limited, Vsl Logistics Solutions Private Limited, Viki.Ai Private Limited |
| Sameer Nagpal DIN 06599230 | Additional Director | 07 May 2026 | 5 mo | Vikram Solar Limited |
People of Vikram Solar
86 people are tracked at Vikram Solar (27 in leadership, 6 in board & advisors, 53 in team); the tracked headcount is 2,960.
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership | |
Neha Agrawal | Whole-time Director | Leadership |
Santosh Kumar Karra | Asst. General Manager ( Head Operations) Chennai Location | Leadership |
Paresh Naik | AVP & National Head- Channel Sales | Leadership |
Kankana Brohmo | Assistant General Manager - Human Resources | Leadership |
Devendra Tiwari | General Manager | Leadership |
Divyanshu Parnami | General Manager | Leadership |
Krishnendu Banerjee | AVP - Head Of Global Marketing And Internal Sales | Leadership |
Ganesh Subramanian | Deputy General Manager | Leadership |
Shreyansh Prasad | Deputy General Manager-business Development And Operations, International Markets | Leadership |
Rohit Srivastava | Assistant Vice President | Leadership |
Warren Lee | Vice President & Regional Director | Leadership |
Ashwini Agarwal | Head - Capex Commercial | Leadership |
Shital Doshi | Deputy General Manager Of Sales | Leadership |
Navdeep Singh Ahuja | Business Head | Leadership |
| Chief Financial Officer | Leadership | |
Kanhaiya Chomal | Head-financial Planning & Control | Leadership |
Tanusree Sinha | Deputy General Manager Human Resources | Leadership |
Kaushik Chowdhury | Head Of Legal | Leadership |
Rinal Shah | General Manager - Corporate Finance (equity) | Leadership |
66 more people are available in the full profile.
Complete people profiles for Vikram Solar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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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.
- IPO date26 Aug 2025
- Listed onNSE: VIKRAMSOLR · BSE: 544488
- Listed entityVikram Solar Limited
- Exchange sectorElectronic technology
- ISININE078V01014
- Share price₹142.26 (-0.73% on the day) · 2026-10-09
- Market capitalisation₹5,198 Cr
- Price to earnings14.1
- EPS (diluted, trailing year)₹10.09
- Volume (last session)986,694
Financials of Vikram Solar
Figures of Vikram Solar Limited, the primary company behind Vikram Solar, for FY 2026. Revenue was ₹4,861 Cr (+41% year on year). Net profit was ₹470 Cr (10% margin). EBITDA was ₹970 Cr (20% margin). Revenue has grown at a compounded annual rate of +32% over three years and +24% over five years.
- ₹4,861 CrRevenue · FY 2026 · +41% YoY
- ₹470 CrNet profit · 10% margin
- ₹970 CrEBITDA · 20% margin
- ₹362 CrPaid-up capital
- 1,454Employees (provident fund records)
- +32%Revenue CAGR, 3 years
- +24%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | ₹4,802 Cr | ₹470 Cr | ₹956 Cr |
| 2024 | ₹3,423 Cr | ₹140 Cr | ₹498 Cr |
| 2023 | ₹2,511 Cr | ₹79.7 Cr | ₹410 Cr |
| 2022 | ₹2,073 Cr | ₹14.5 Cr | ₹209 Cr |
| 2021 | ₹1,730 Cr | -₹62.9 Cr | ₹72.6 Cr |
Balance sheet, profit and loss, cash flow and ratios of Vikram Solar Limited are on its company page.
Detailed financial statements for Vikram Solar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Vikram Solar
5 dated milestones of Vikram Solar across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Vikram Solar is founded.
- Funding First funding round of $6.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $85.6M.
- IPO Lists on the stock exchange (IPO).
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| global.kyocera.com | 1959 | Horse Shoe, United States | $2.0M | 70,153 | Kyocera is engaged in providing technology solutions globally. | |
| ifrisol.solar | 2012 | Tunisia | – | – | Manufactures high-efficiency solar panels and supplies them globally through partnerships. | |
| artsolar.net | 2011 | Pinetown, South Africa | – | – | Manufactures solar PV modules, assembles panels, and distributes solar products locally. | |
| zergoungreenenergy.com | 2017 | Tizi Ouzou, Algeria | – | – | Produces high-quality solar modules for sustainable energy solutions. | |
| unionpower.co.za | 2009 | Johannesburg, South Africa | – | – | Offers engineering, procurement, and construction for power generation and solar installations in Africa. | |
| solarstructures.co.za | 2023 | Alberton, South Africa | – | – | Manufactures lightweight steel solar structures and provides installation services in South Africa. | |
| africagreenenergytechnologies.co.za | 2011 | Cape Town, South Africa | – | – | Provides green technologies like solar, hydrogen, and waste-to-energy for clean energy. | |
| fothermoenergy.com | 2022 | Swakopmund, Namibia | – | – | Distributes photovoltaic solar systems and home solutions for renewable energy. |
Detailed competitors of Vikram Solar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Vikram Solar
The website of Vikram Solar (vikramsolar.com) receives about 37.9K visits a month.
- Monthly visits37.9K
▲ 13.4% vs previous month
Websites whose visitors overlap most with Vikram Solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tatapowersolar.com | 100% | 111.7K | #387,050 | View details | |
| waaree.com | 96% | 375.8K | #128,049 | View details | |
| adanisolar.com | 95% | 21.2K | #1,213,348 | View details | |
| goldisolar.com | 90% | 27.7K | #1,184,466 | View details | |
| solex.in | 90% | 9.9K | #2,515,447 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Vikram Solar
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- 40 similar websites
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Latest news on Vikram Solar
Complete news archive for Vikram Solar
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Vikram Solar
10 companies that operate in the same segment as Vikram 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 1.96 B | – | – | |
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 374.18 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 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 $6.61M, raised on Jan 2012.
Vikram Solar has 2,960 employees.
The primary company behind Vikram Solar, Vikram Solar Limited, reported revenue of ₹4,861 Cr for FY 2026, up 41% year on year.
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 43 investors. Key investors include Haldiram, Action TESA, VCAPL, 3A Financial Services, and Pranjal Corporate Services.
The valuation of Vikram Solar is $481.96M as of Jun 2024.
Vikram Solar is associated with 5 legal entities: Vikram Solar Limited, Traction Partners Llp, Vsl Re Power Private Limited and others.