Radar · Solar Energy in India
Best Solar Energy Companies in India
The 1263 best Solar Energy companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: ReNew.
By Riya SenguptaFinancials
1263companies tracked
$15.6Bdisclosed funding
3unicorns
150have raised
Ranked by disclosed equity funding and recent momentum, the Solar Energy companies in India tracked here represent $15.6B in total disclosed capital across 1,263 firms, including three unicorns. ReNew leads the field at $2.0B in funding, followed by Apraava at $451M and Blupine Energy at $594M. That's real capital deployed, not ambition on a slide deck. The global solar market sat at roughly $222.1B in 2024, growing at a 20.5% CAGR, which tells you the tailwind here is structural, not cyclical. And with the Centre preparing to list Solar Energy Corporation of India, the regulatory signal is clear: public markets are opening up.
The financials behind this sector are worth sitting with. Across 2,128 filers, the combined revenue pool hits $43.5B, though the median company earns just $2M, growing 8% YoY. So where's the weight? Shapoorji Pallonji clocked $3.7B in revenue, Waaree Energies $1.7B at 27% growth, and Solar Energy Corporation of India $1.8B at 16%. On the net income side, the gaps get almost absurd: Waaree's $225M profit is 3,461 times the sector median of roughly $65K. I find that spread more revealing than any funding headline. Hot themes in the space right now are solar PV, photovoltaic systems, and community solar farms, with app installs in energy growing 28% YoY across 138 tracked apps. If you're mapping this sector, the money is concentrated, the growth is real, and the median player still has a long climb ahead.
Sources & further reading
- Bluebird Solar Delivers 10 MW of High-Efficiency PV Modules for SECL’s Solar Ins
- What Govt Subsidies You Get for Installing Solar Panels at Home? Explained (2026
- ACEN, UPC to build over 500 MW of wind, solar parks in India
FLIAR INTELLIGENCE · SOLAR ENERGY × INDIA
Our analysis of 50 Solar Energy companies
$12.7b in tracked funding; 81% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.
50companies analysed
81%cloud-native stacks
2024funding peak (by rounds)
2unicorns
2013median founding year
3.3Mcombined LinkedIn audience
29%of audience held by top 3
15companies hiring publicly (12 mo)
Ranked: Best Solar Energy companies in India
| # | Company | Revenue | Disclosed funding | Last round | Revenue YoY | Employees | Tech stack | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Waaree Energies 🦄 Manufacturer of solar PV modules 91Partners top 9%Market top 20%Funding top 21%Tech top 21% All 11 signals ▾Partnerstop 9% Markettop 20% Fundingtop 21% Techtop 21% Talenttop 21% Fin. healthtop 25% Growthtop 29% Moattop 30% Newstop 34% Producttop 39% Globalbottom 37% Partners: 23 contract events in 12 mo · Named contractor/client in 23 deals Market: 1,307 employees (top 11% of Energy) · Revenue ~$1.8B rank vs industry peers · Fliar Intelligence Index 91/100 | $1.8B FY2025 | $263M | 7 mo ago | +28% | 1,307 1,307 → 2,674 (+105%) · sector median +51% | WordPressApple iCloud MailMySQL+25 | 182 signals Earnings · Announcements · Contracts | — |
| 2 | Adani Green Energy Independent power producer from renewable energy sources 72Partners top 18%Market top 24%Moat top 26%Fin. health top 27% All 10 signals ▾Partnerstop 18% Markettop 24% Moattop 26% Fin. healthtop 27% Talenttop 28% Fundingtop 29% Newstop 34% Techtop 50% Growthbottom 45% Globalbottom 37% Partners: 5 partnership announcements in 12 mo (9 in 24 mo) · 22 contract events in 12 mo Market: 1,112 employees (top 11% of Energy) · Revenue ~$1.5B rank vs industry peers · Fliar Intelligence Index 72/100 | $1.5B FY2025 | $1.2B | 28 mo ago | +18% | 1,112 | SitecoreMicrosoft ASP.NETEnvoy+17 | 142 signals ▼37% Earnings · Announcements · Contracts | 2 awards |
| 3 | Tata Power Renewable Energy Developer of large-scale renewable energy projects 67Market top 14%Moat top 18%Funding top 24%Partners top 26% All 10 signals ▾Markettop 14% Moattop 18% Fundingtop 24% Partnerstop 26% Fin. healthtop 29% Newstop 31% Talentbottom 49% Growthbottom 44% Globalbottom 37% Techbottom 31% Market: 2,877 employees (top 5% of Solar Energy) · Revenue ~$1.2B Moat: Top 1% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 5/10 rank vs industry peers · Fliar Intelligence Index 67/100 | $1.2B FY2025 | $766M | 39 mo ago | -3% | 2,877 | — | 35 signals ▲30% Announcements · Contracts · Capital raise | — |
| 4 | Jakson Green Developer of solar PV projects 76Partners top 18%Fin. health top 21%Market top 24%Funding top 31% All 10 signals ▾Partnerstop 18% Fin. healthtop 21% Markettop 24% Fundingtop 31% Moattop 34% Growthtop 37% Newstop 46% Talentbottom 49% Techbottom 48% Globalbottom 45% Partners: 5 contract events in 12 mo · Named contractor/client in 5 deals Fin. health: Revenue ~$846M (FY2023) · Net margin 4.0% rank vs industry peers · Fliar Intelligence Index 76/100 | $846M FY2025 | $43M | 22 mo ago | +43% | — | WordPressApple iCloud MailMySQL+25 | 7 signals ▼63% Contracts · Announcements · Funding | 1 job opening |
| 5 | Vikram Solar Manufacturer of solar photovoltaic modules and renewable energy solutions 89Market top 15%Partners top 18%Product top 19%News top 21% All 12 signals ▾Markettop 15% Partnerstop 18% Producttop 19% Newstop 21% Moattop 22% Fin. healthtop 27% Innovationtop 30% Talenttop 30% Growthtop 33% Fundingtop 34% Globaltop 36% Techtop 43% Market: 3,129 employees (top 4% of Solar Energy) · Revenue ~$409M Partners: 2 partnership announcements in 12 mo (3 in 24 mo) · 12 contract events in 12 mo rank vs industry peers · Fliar Intelligence Index 89/100 | $409M FY2025 | $94M | 24 mo ago | +37% | 3,129 3,129 → 2,092 (-33%) · sector median +51% | WordPressMySQLPHP+34 | 75 signals ▲582% IPO · Earnings · Contracts | — |
| 6 | Greenko Group Provider of energy transition and decarbonization solutions 69Funding top 18%Product top 18%Innovation top 20%Moat top 34% All 11 signals ▾Fundingtop 18% Producttop 18% Innovationtop 20% Moattop 34% Fin. healthtop 35% Talenttop 38% Growthtop 46% Techtop 50% Marketbottom 48% Globalbottom 39% Newsbottom 24% Funding: Raised $943M across 16 rounds · 16 rounds over 17 yrs (0.9/yr) Product: 4 distinct product lines · Company stage: Series F rank vs industry peers · Fliar Intelligence Index 69/100 | $346M FY2025 | $943M | 11 mo ago | +13% | 5 | Red HatAnimate.cssBootstrap+10 | — | 1 award |
| 7 | Rayzon Solar Manufacturer of photovoltaic solar modules 60Fin. health top 22%Moat top 34%Market top 35%Growth top 39% All 10 signals ▾Fin. healthtop 22% Moattop 34% Markettop 35% Growthtop 39% Producttop 47% Fundingtop 49% Talentbottom 49% Techbottom 33% Newsbottom 33% Globalbottom 30% Fin. health: Revenue ~$335M (FY2024) · Net margin 11.7% Moat: Top 1% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 60/100 | $335M FY2025 | $16M | 14 mo ago | +122% | 203 | BootstrapApache HTTP ServerCloudflare+13 | 3 signals ▼50% Regulatory · Announcements | 1 award |
| 8 | Mytrah Energy Provider of wind and solar power project development services 62Fin. health top 25%Funding top 34%Talent top 38%Growth top 41% All 7 signals ▾Fin. healthtop 25% Fundingtop 34% Talenttop 38% Growthtop 41% Marketbottom 45% Globalbottom 39% Newsbottom 27% Fin. health: Revenue ~$304M (FY2022) · Net margin 541.8% Funding: Raised $1.7B across 6 rounds · 6 rounds over 12 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $304M FY2023 | $1.7B | 88 mo ago | +27% | 5 | — | — | — |
| 9 | KPI Green Energy Developer of renewable power plants 69Partners top 9%Fin. health top 15%Funding top 27%Market top 28% All 12 signals ▾Partnerstop 9% Fin. healthtop 15% Fundingtop 27% Markettop 28% Growthtop 28% Moattop 34% Producttop 35% Newstop 36% Talenttop 38% Techtop 47% Globalbottom 37% Innovationbottom 24% Partners: 21 contract events in 12 mo · Named contractor/client in 21 deals Fin. health: Revenue ~$208M (FY2023) · Net margin 15.9% rank vs industry peers · Fliar Intelligence Index 69/100 | $208M FY2025 | $36M | 29 mo ago | +70% | 315 | PHPYouTubeCodeIgniter+21 | 58 signals ▼48% Contracts · Earnings · Funding | 2 job openings · 1 expansion · 1 award |
| 10 | Silver Pumps & Motors Manufacturer of diverse electrical products, agricultural equipment, and solar solutions 84Moat top 19%Fin. health top 24%Funding top 25%Growth top 25% All 8 signals ▾Moattop 19% Fin. healthtop 24% Fundingtop 25% Growthtop 25% Talenttop 28% Markettop 29% Techtop 41% Globalbottom 36% Moat: Top 2% by revenue among 1951 tracked Solar Energy companies · 9 curated direct competitors tracked Fin. health: Revenue ~$191M (FY2022) · Net margin 2.9% rank vs industry peers · Fliar Intelligence Index 84/100 | $191M FY2025 | $125M | 12 mo ago | +80% | — | WordPressMySQLPHP+27 | — | — |
| 11 | CleanMax Developer of solar energy projects 78Product top 14%Innovation top 20%Funding top 22%News top 23% All 12 signals ▾Producttop 14% Innovationtop 20% Fundingtop 22% Newstop 23% Markettop 34% Moattop 34% Growthtop 37% Talenttop 38% Techtop 39% Fin. healthbottom 49% Partnersbottom 46% Globalbottom 39% Product: 6 distinct product lines · Company stage: Public Innovation: 6 product lines rank vs industry peers · Fliar Intelligence Index 78/100 | $190M FY2025 | $443M | 13 mo ago | — | 333 | WebflowAmazon Web ServicesGSAP+17 | 18 signals ▲125% IPO · Earnings · Announcements | 2 partnerships |
| 12 | GREW Solar Manufacturer of photovoltaic modules, offering engineering, procurement, and construction for solar projects 84Growth top 13%Fin. health top 26%Funding top 28%Market top 37% All 7 signals ▾Growthtop 13% Fin. healthtop 26% Fundingtop 28% Markettop 37% Techtop 45% Talentbottom 49% Globalbottom 36% Growth: Revenue +605% YoY · Web rank 50,000,000 → 5,000,000 YoY Fin. health: Revenue ~$169M (FY2023) · Net margin 5.7% rank vs industry peers · Fliar Intelligence Index 84/100 | $169M FY2025 | $150M | 4 mo ago | +605% | — | WordPressMySQLPHP+25 | — | 1 award |
| 13 | Continuum Wind Energy Independent power producer specializing in the development and operation of large-scale renewable energy… 50Funding top 34%Fin. health top 35%Product top 42%Moat top 48% All 10 signals ▾Fundingtop 34% Fin. healthtop 35% Producttop 42% Moattop 48% Markettop 50% Talentbottom 49% Growthbottom 47% Techbottom 43% Globalbottom 43% Newsbottom 28% Funding: Raised $150M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) Fin. health: Revenue ~$167M (FY2023) · Net margin 12.6% rank vs industry peers · Fliar Intelligence Index 50/100 | $167M FY2024 | $150M | 2 mo ago | — | 180 | PerlPHPUNIX+20 | — | — |
| 14 | Insolation Energy Manufacturer of solar PV module & panel 72Product top 14%Innovation top 20%Moat top 30%Fin. health top 33% All 12 signals ▾Producttop 14% Innovationtop 20% Moattop 30% Fin. healthtop 33% Talenttop 38% Techtop 39% Fundingtop 42% Markettop 43% Growthtop 45% Newstop 45% Partnersbottom 32% Globalbottom 30% Product: 7 distinct product lines · Company stage: Public Innovation: 7 product lines rank vs industry peers · Fliar Intelligence Index 72/100 | $159M FY2025 | $48M | 20 mo ago | +81% | 98 | BootstrapGSAPNginx+17 | 20 signals ▼20% Earnings · Regulatory · Announcements | 1 award |
| 15 | Rays Power Infra Provider of solar engineering, procurement, and construction services for power projects 57Moat top 20%Market top 40%Fin. health top 40%Funding top 42% All 10 signals ▾Moattop 20% Markettop 40% Fin. healthtop 40% Fundingtop 42% Growthtop 44% Techtop 46% Talentbottom 49% Partnersbottom 41% Globalbottom 37% Newsbottom 28% Moat: Top 3% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 8/10 Market: 618 employees (top 18% of Energy) · Revenue ~$146M rank vs industry peers · Fliar Intelligence Index 57/100 | $146M FY2025 | $41M | 23 mo ago | +15% | 618 618 → 719 (+16%) · sector median +51% | WordPressMySQLPHP+20 | — | 3 job openings · 1 award |
| 16 | Ayana Developer of solar energy projects 57Moat top 21%Funding top 35%Talent top 41%Fin. health top 42% All 10 signals ▾Moattop 21% Fundingtop 35% Talenttop 41% Fin. healthtop 42% Growthtop 43% Markettop 44% Partnerstop 49% Techbottom 48% Globalbottom 37% Newsbottom 33% Moat: Top 3% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 8/10 Funding: Raised $720M across 2 rounds · 2 rounds over 7 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $133M FY2025 | $720M | 28 mo ago | +22% | 149 | UbuntuMDBootstrapBootstrap+13 | 3 signals ▼91% Regulatory · Contracts · M&A | — |
| 17 | Gensol Provider of solar advisory and execution services 82Product top 14%Innovation top 20%Partners top 28%Market top 29% All 12 signals ▾Producttop 14% Innovationtop 20% Partnerstop 28% Markettop 29% Fundingtop 29% Moattop 30% Fin. healthtop 33% Growthtop 34% Newsbottom 48% Techbottom 46% Talentbottom 40% Globalbottom 39% Product: 9 distinct product lines · Company stage: Public Innovation: 9 product lines rank vs industry peers · Fliar Intelligence Index 82/100 | $120M FY2024 | $108M | 28 mo ago | +147% | 300 | Apple iCloud MailGoogle WorkspacePHP+14 | 13 signals ▼96% Lawsuit · Board · Leadership | — |
| 18 | Fourth Partner Energy Provider of commercial solar installations and hybrid energy solutions 72Funding top 26%Moat top 28%Talent top 28%Product top 29% All 12 signals ▾Fundingtop 26% Moattop 28% Talenttop 28% Producttop 29% Growthtop 33% Techtop 35% Innovationtop 36% Markettop 37% Partnerstop 41% Newstop 48% Globalbottom 45% Fin. healthbottom 41% Funding: Raised $564M across 12 rounds · 12 rounds over 12 yrs (1.0/yr) Moat: Top 4% by revenue among 253 tracked Wind Energy companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 72/100 | $102M FY2025 | $564M | 22 mo ago | +37% | 201 | WordPressMySQLPHP+30 | 5 signals ▼44% Contracts · M&A · Acquisition | 1 job opening · 2 partnerships · 1 award |
| 19 | Blupine Energy Provider of renewable energy services 72Growth top 25%Funding top 30%News top 33%Moat top 35% All 9 signals ▾Growthtop 25% Fundingtop 30% Newstop 33% Moattop 35% Fin. healthtop 39% Markettop 47% Techtop 49% Talentbottom 49% Globalbottom 37% Growth: Revenue +98% YoY · Fresh capital in last 24 mo Funding: Raised $594M across 1 rounds · 1 rounds over 4 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $83M FY2025 | $594M | 4 mo ago | +98% | — | WordPressMySQLPHP+27 | 10 signals ▲43% Announcements · M&A | — |
| 20 | Ampin Energy Transition Provider of renewable energy solutions 64Growth top 25%Funding top 26%Tech top 34%Moat top 35% All 10 signals ▾Growthtop 25% Fundingtop 26% Techtop 34% Moattop 35% Partnerstop 36% Fin. healthtop 45% Newstop 47% Talentbottom 49% Marketbottom 47% Globalbottom 39% Growth: Revenue +52% YoY · Fresh capital in last 24 mo Funding: Raised $398M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 64/100 | $70M FY2025 | $398M | 6 mo ago | +52% | 5 | JoomlaWordPressMySQL+23 | 4 signals ▲33% Contracts | — |
| 21 | Aditya Birla Renewables Leading industry player in clean energy solutions with a decade of experience in executing large-scale and… 72Growth top 20%Funding top 25%News top 25%Moat top 31% All 10 signals ▾Growthtop 20% Fundingtop 25% Newstop 25% Moattop 31% Markettop 42% Fin. healthtop 43% Partnerstop 47% Talentbottom 49% Techbottom 37% Globalbottom 37% Growth: Headcount 66 → 222 (+236%) across vintages · Revenue +47% YoY Funding: Raised $334M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $69M FY2025 | $334M | 6 mo ago | +47% | 222 222 → 494 (+123%) · sector median +51% | Animate.cssBootstrapCloudflare+10 | 7 signals ▲250% M&A · Funding · Contracts | 1 job opening · 1 award |
| 22 | Radiance Renewables Provider of open access and behind-the-meter solar energy solutions 57News top 25%Funding top 27%Growth top 32%Moat top 36% All 9 signals ▾Newstop 25% Fundingtop 27% Growthtop 32% Moattop 36% Fin. healthtop 37% Talenttop 38% Markettop 49% Globalbottom 37% Techbottom 29% News: 7 BI events in 12 mo (of 22 tracked, 5 types) · +133% YoY Funding: Raised $100M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $68M FY2025 | $100M | 4 mo ago | +35% | 106 106 → 153 (+44%) · sector median +51% | WordPressMySQLPHP+12 | 7 signals ▲133% Funding · Capital raise | 2 partnerships · 1 award |
| 23 | Jupiter Manufacturer of photovoltaic poly-crystalline solar cells 72Innovation top 20%Product top 21%Partners top 26%Moat top 31% All 12 signals ▾Innovationtop 20% Producttop 21% Partnerstop 26% Moattop 31% Fundingtop 36% Talenttop 38% Markettop 39% Techtop 43% Fin. healthtop 47% Newstop 50% Growthbottom 46% Globalbottom 37% Innovation: 5 product lines Product: 5 distinct product lines · Company stage: Series D rank vs industry peers · Fliar Intelligence Index 72/100 | $68M FY2025 | $61M | 14 mo ago | -1% | 425 425 → 561 (+32%) · sector median +51% | WordPressPleskMySQL+22 | 7 signals ▼61% Contracts · Hiring | 1 job opening · 1 award |
| 24 | Juniper Green Energy Independent solar power producer 74Innovation top 20%Product top 21%News top 25%Growth top 27% All 11 signals ▾Innovationtop 20% Producttop 21% Newstop 25% Growthtop 27% Fundingtop 35% Moattop 36% Partnerstop 37% Fin. healthtop 42% Marketbottom 47% Globalbottom 43% Techbottom 40% Innovation: 7 product lines Product: 7 distinct product lines · Company stage: Series D rank vs industry peers · Fliar Intelligence Index 74/100 | $67M FY2025 | $350M | 10 mo ago | +34% | 19 | WordPressMySQLPHP+12 | 25 signals ▲178% Funding · Announcements · Regulatory | — |
| 25 | Solarworld Energy Solutions Renewable energy company offering integrated solar EPC, module manufacturing, and energy storage solutions 72Product top 14%Moat top 31%Fin. health top 32%Growth top 34% All 9 signals ▾Producttop 14% Moattop 31% Fin. healthtop 32% Growthtop 34% Fundingtop 35% Innovationtop 36% Markettop 37% Techtop 47% Globalbottom 37% Product: 11 distinct product lines · Company stage: Public Moat: Top 4% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 72/100 | $65M FY2025 | $19M | 18 mo ago | +9% | — | WordPressMySQLPHP+26 | — | 1 job opening · 2 launchs |
| 26 | InSolare Energy Provider of renewable energy solutions, including solar, wind, and hydrogen 82Innovation top 20%Fin. health top 23%News top 25%Partners top 26% All 12 signals ▾Innovationtop 20% Fin. healthtop 23% Newstop 25% Partnerstop 26% Growthtop 27% Talenttop 28% Producttop 30% Markettop 36% Moattop 36% Fundingtop 41% Techtop 50% Globalbottom 32% Innovation: 12 product lines Fin. health: Revenue ~$52.2M (FY2023) · Net margin 3.7% rank vs industry peers · Fliar Intelligence Index 82/100 | $52M FY2025 | $9M | 17 mo ago | +170% | 295 295 → 415 (+41%) · sector median +51% | WordPressPleskMySQL+29 | 5 signals Contracts · Announcements | — |
| 27 | SolarSquare Chains providing rooftop solar energy systems for residential and commercial properties 76Tech top 20%Growth top 26%Talent top 28%Funding top 35% All 10 signals ▾Techtop 20% Growthtop 26% Talenttop 28% Fundingtop 35% Moattop 36% Markettop 39% Producttop 40% Fin. healthtop 50% Globalbottom 39% Newsbottom 21% Tech: 80 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Growth: Headcount 226 → 726 (+221%) across vintages · Revenue +105% YoY rank vs industry peers · Fliar Intelligence Index 76/100 | $43M FY2025 | $21M | 18 mo ago | +105% | 726 | PHPSwiperLodash+25 | — | 1 job opening |
| 28 | Kalpa Power Provider of solar planning and designing services 74Fin. health top 21%Growth top 23%Moat top 33%Market top 39% All 10 signals ▾Fin. healthtop 21% Growthtop 23% Moattop 33% Markettop 39% Innovationtop 40% Techtop 40% Productbottom 47% Fundingbottom 42% Talentbottom 39% Globalbottom 25% Fin. health: Revenue ~$32.1M (FY2021) · Net margin 5.6% Growth: Headcount 91 → 113 (+24%) across vintages · Revenue +150% YoY rank vs industry peers · Fliar Intelligence Index 74/100 | $32M FY2025 | $2M | 18 mo ago | +150% | 113 113 → 235 (+108%) · sector median +51% | WordPressMySQLPHP+30 | — | 1 partnership · 1 expansion |
| 29 | Cosmic Pv Power Manufacturer of solar PV modules 78Growth top 14%Partners top 18%Innovation top 20%Fin. health top 22% All 12 signals ▾Growthtop 14% Partnerstop 18% Innovationtop 20% Fin. healthtop 22% Newstop 27% Producttop 36% Moattop 37% Markettop 39% Techtop 48% Fundingbottom 45% Talentbottom 40% Globalbottom 32% Growth: Headcount 82 → 132 (+61%) across vintages · Revenue +145% YoY Partners: 5 contract events in 12 mo · Named contractor/client in 5 deals rank vs industry peers · Fliar Intelligence Index 78/100 | $29M FY2025 | $703K | 9 mo ago | +145% | 132 132 → 199 (+51%) · sector median +51% | WordPressMySQLPHP+23 | 13 signals ▲333% Contracts · Announcements · IPO | 1 job opening |
| 30 | Soleos Solar Energy Provider of finance, insurance, and renewable energy solutions 67Growth top 22%Talent top 28%Tech top 36%Fin. health top 36% All 9 signals ▾Growthtop 22% Talenttop 28% Techtop 36% Fin. healthtop 36% Moattop 37% Fundingtop 48% Marketbottom 45% Globalbottom 43% Newsbottom 22% Growth: Revenue +132% YoY · Web rank 5,000,000 → 10,000,000 YoY Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 67/100 | $28M FY2025 | $5M | 6 mo ago | +132% | — | WordPressMySQLPHP+15 | — | — |
| 31 | Roofsol Energy Provides solar plant installations, providing engineering, procurement, and construction services 45Talent top 38%Moat top 39%Growth top 40%Funding top 49% All 9 signals ▾Talenttop 38% Moattop 39% Growthtop 40% Fundingtop 49% Fin. healthbottom 47% Marketbottom 45% Techbottom 43% Globalbottom 37% Newsbottom 18% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Moat: Top 11% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 45/100 | $21M FY2025 | $3M | 2 mo ago | +15% | 75 | YouTubeBootstrapNginx+12 | — | 2 partnerships |
| 32 | Amrut Energy Manufacturers and resellers of solar modules and systems 67Tech top 31%Fin. health top 34%Growth top 35%Market top 39% All 7 signals ▾Techtop 31% Fin. healthtop 34% Growthtop 35% Markettop 39% Fundingtop 45% Talentbottom 49% Globalbottom 34% Tech: 50 technologies across 4/8 capability areas · Cloud: Cloudflare, Vercel Fin. health: Revenue ~$16.7M · Revenue +31% YoY rank vs industry peers · Fliar Intelligence Index 67/100 | $17M FY2025 | $12M | 17 mo ago | +31% | — | Cart FunctionalityWooCommerceWordPress+21 | — | 1 expansion |
| 33 | BA Prerna Provider of turnkey solutions for wind and solar projects 78Growth top 17%Fin. health top 25%Moat top 27%Tech top 35% All 8 signals ▾Growthtop 17% Fin. healthtop 25% Moattop 27% Techtop 35% Talenttop 38% Markettop 43% Fundingtop 47% Globalbottom 45% Growth: Revenue +370% YoY · Web rank 50,000,000 → 10,000,000 YoY Fin. health: Revenue ~$14.7M (FY2025) · Net margin 11.4% rank vs industry peers · Fliar Intelligence Index 78/100 | $15M FY2025 | $7M | 14 mo ago | +370% | — | Cart FunctionalityWooCommerceWordPress+18 | — | — |
| 34 | Integrum Energy Provider of hybrid renewable energy solutions integrating wind and solar power 27Moat top 34%Talent top 38%Funding bottom 49%Tech bottom 48% All 9 signals ▾Moattop 34% Talenttop 38% Fundingbottom 49% Techbottom 48% Marketbottom 42% Fin. healthbottom 39% Growthbottom 32% Globalbottom 30% Newsbottom 18% Moat: Top 9% by revenue among 132 tracked Renewable Energy Tech companies · Editorial + unicorn rating 3/10 Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 27/100 | $14M FY2025 | $5M | 3 mo ago | -48% | — | WordPressMySQLPHP+22 | — | 2 job openings |
| 35 | ReNew 🦄 Developer of wind & solar energy, hybrid, and hydro power projects 74Funding top 15%Talent top 22%Tech top 26%Moat top 30% All 8 signals ▾Fundingtop 15% Talenttop 22% Techtop 26% Moattop 30% Markettop 40% Growthtop 45% Fin. healthtop 49% Globalbottom 45% Funding: Raised $2.0B across 26 rounds · 26 rounds over 15 yrs (1.7/yr) Talent: Analyst team rating 5/5 · 4 named leaders on record rank vs industry peers · Fliar Intelligence Index 74/100 | $11M FY2025 | $2.0B | 3 mo ago | — | 644 | PHPSalesforceYouTube+26 | — | — |
| 36 | SunSure Provider of renewable energy solutions 55Partners top 17%Talent top 22%Moat top 29%Growth top 32% All 10 signals ▾Partnerstop 17% Talenttop 22% Moattop 29% Growthtop 32% Fundingtop 41% Markettop 49% Techbottom 48% Newsbottom 47% Fin. healthbottom 41% Globalbottom 32% Partners: 11 contract events in 12 mo · Named contractor/client in 11 deals Talent: Analyst team rating 5/5 · 3 named leaders on record rank vs industry peers · Fliar Intelligence Index 55/100 | $11M FY2025 | $92M | 15 mo ago | +128% | 185 185 → 348 (+88%) · sector median +51% | WordPressMySQLPHP+25 | 12 signals ▼52% Contracts · Funding | 2 partnerships |
| 37 | Solar 91 Provider of solar energy services for residential & commercial properties 69Innovation top 20%Talent top 28%Growth top 31%Fin. health top 31% All 11 signals ▾Innovationtop 20% Talenttop 28% Growthtop 31% Fin. healthtop 31% Producttop 36% Moattop 42% Fundingbottom 47% Marketbottom 46% Techbottom 46% Globalbottom 32% Newsbottom 18% Innovation: 8 product lines Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 69/100 | $10M FY2025 | $1M | 10 mo ago | +93% | 52 52 → 117 (+125%) · sector median +51% | PHPanime.jsBootstrap+20 | — | 1 job opening |
| 38 | Truzon Solar Manufacturer of solar power systems 35Talent top 38%Tech top 41%Growth bottom 49%Funding bottom 42% All 7 signals ▾Talenttop 38% Techtop 41% Growthbottom 49% Fundingbottom 42% Marketbottom 41% Fin. healthbottom 37% Globalbottom 36% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Tech: 41 technologies across 3/8 capability areas · Security: Hsts rank vs industry peers · Fliar Intelligence Index 35/100 | $7M FY2025 | $3M | 8 mo ago | — | — | WordPressMySQLPHP+21 | — | 5 job openings · 1 expansion |
| 39 | OMC Power Micro-Grid power generation 40News top 29%Moat top 34%Talent top 38%Tech top 39% All 10 signals ▾Newstop 29% Moattop 34% Talenttop 38% Techtop 39% Fundingtop 42% Partnerstop 47% Growthtop 49% Marketbottom 46% Globalbottom 39% Fin. healthbottom 25% News: 6 BI events in 12 mo (of 10 tracked, 4 types) · +200% YoY Moat: Top 27% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 40/100 | $6M FY2025 | $49M | 3 mo ago | +7% | 146 | TypeScriptNode.jsUbuntu+13 | 6 signals ▲200% M&A · Contracts · Funding | — |
| 40 | ZunRoof Provider of solar panel installation and O&M services 32Moat top 41%Growth top 47%Product top 47%Tech top 49% All 10 signals ▾Moattop 41% Growthtop 47% Producttop 47% Techtop 49% Fundingtop 50% Talentbottom 49% Marketbottom 40% Globalbottom 37% Fin. healthbottom 34% Newsbottom 15% Moat: Top 33% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 5/10 Growth: Headcount 74 → 87 (+18%) across vintages · Revenue +27% YoY rank vs industry peers · Fliar Intelligence Index 32/100 | $4M FY2025 | $6M | 9 mo ago | +27% | 87 | TypeScriptGoogle MapsYouTube+19 | — | — |
| 41 | Metafin Provider of solar financing platform 57Growth top 17%Funding top 37%Fin. health top 43%Moat top 45% All 8 signals ▾Growthtop 17% Fundingtop 37% Fin. healthtop 43% Moattop 45% Techtop 47% Newstop 47% Globalbottom 39% Marketbottom 37% Growth: Headcount 34 → 83 (+144%) across vintages · Revenue +255% YoY Funding: Raised $7.0M across 5 rounds · 5 rounds over 3 yrs (1.7/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $2M FY2025 | $7M | 2 mo ago | +255% | 83 | Wix eCommerceWixSentry+13 | 3 signals ▲50% Funding · Capital raise | — |
| 42 | Artha Energy Resources Platform for mapping renewable energy generation assets 48Talent top 28%Innovation top 34%Growth top 36%Product top 36% All 10 signals ▾Talenttop 28% Innovationtop 34% Growthtop 36% Producttop 36% Moattop 37% Fundingbottom 49% Techbottom 41% Marketbottom 40% Fin. healthbottom 40% Globalbottom 32% Talent: 4 named leaders on record · 4 C-suite/founder profiles curated Innovation: 5 product lines rank vs industry peers · Fliar Intelligence Index 48/100 | $887K FY2025 | $11M | 25 mo ago | +48% | 42 | PHPCodeIgniterBootstrap+12 | — | — |
| 43 | Solfin Provider of SME loans for solar projects 50Growth top 17%Funding top 34%Tech top 40%Talent bottom 49% All 8 signals ▾Growthtop 17% Fundingtop 34% Techtop 40% Talentbottom 49% Moatbottom 44% Fin. healthbottom 40% Marketbottom 34% Globalbottom 32% Growth: Revenue +902% YoY · Web rank 10,000,000 → 5,000,000 YoY Funding: Raised $54.6M across 4 rounds · 4 rounds over 3 yrs (1.3/yr) rank vs industry peers · Fliar Intelligence Index 50/100 | $352K FY2025 | $55M | 0 mo ago | +902% | — | Node.jsUbuntuChart.js+19 | — | 1 award |
| 44 | Radiant Energy Solutions Provider of solar design & engineering services 4Funding top 35%Global bottom 29%Moat bottom 13%Fin. health bottom 11% All 5 signals ▾Fundingtop 35% Globalbottom 29% Moatbottom 13% Fin. healthbottom 11% Marketbottom 6% Funding: Raised $166M · 1 rounds over 3 yrs (0.3/yr) Global: Single-market focus (India) rank vs industry peers · Fliar Intelligence Index 4/100 | $2K FY2023 | $166M | 34 mo ago | — | — | — | — | — |
| 45 | GH2 Solar Provider of solar EPC and green hydrogen solutions 37Growth top 30%Tech top 44%News top 45%Talent bottom 49% All 7 signals ▾Growthtop 30% Techtop 44% Newstop 45% Talentbottom 49% Fundingbottom 46% Globalbottom 30% Marketbottom 29% Growth: Fresh capital in last 24 mo Tech: 37 technologies across 3/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 37/100 | — | $6M | 8 mo ago | — | — | WordPressMySQLPHP+28 | 4 signals ▲100% Capital raise | 1 job opening · 1 partnership |
| 46 | Apraava Provider of integrated energy solutions 62Growth top 27%News top 27%Funding top 30%Fin. health top 35% All 9 signals ▾Growthtop 27% Newstop 27% Fundingtop 30% Fin. healthtop 35% Moattop 35% Markettop 41% Partnersbottom 41% Globalbottom 37% Techbottom 25% Growth: Headcount 149 → 182 (+22%) across vintages · Fresh capital in last 24 mo News: 7 BI events in 12 mo (of 23 tracked, 5 types) · +250% YoY rank vs industry peers · Fliar Intelligence Index 62/100 | — | $451M | 6 mo ago | — | 182 | Kentico CMSThree.jsYouTube+10 | 7 signals ▲250% Leadership · Acquisition · Contracts | — |
| 47 | Oriana Power Provider of renewable energy solutions 48Growth top 21%Partners top 25%News top 28%Talent top 38% All 10 signals ▾Growthtop 21% Partnerstop 25% Newstop 28% Talenttop 38% Techtop 42% Fundingtop 47% Fin. healthbottom 47% Globalbottom 32% Marketbottom 30% Moatbottom 20% Growth: Headcount 32 → 97 (+203%) across vintages · Fresh capital in last 24 mo Partners: 0 partnership announcements in 12 mo (2 in 24 mo) · 22 contract events in 12 mo rank vs industry peers · Fliar Intelligence Index 48/100 | — | $5M | 5 mo ago | — | 97 | WordPressMySQLPHP+22 | 30 signals ▲100% Contracts · Earnings · Acquisition | — |
| 48 | Arkahub Provider of residential solar energy systems and mounting structures 35Tech top 38%Talent top 38%Funding top 49%Global bottom 45% All 5 signals ▾Techtop 38% Talenttop 38% Fundingtop 49% Globalbottom 45% Marketbottom 31% Tech: 23 technologies across 5/8 capability areas · Cloud: Vercel Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 35/100 | — | $2M | 6 mo ago | — | — | Node.jsGoogle MapsRadix UI+20 | — | 1 job opening · 1 expansion |
| 49 | SB Energy Developer of solar energy projects 67Patents top 11%Innovation top 13%Growth top 24%Partners top 24% All 13 signals ▾Patentstop 11% Innovationtop 13% Growthtop 24% Partnerstop 24% Producttop 26% Newstop 29% Fundingtop 37% Globaltop 46% Techtop 50% Talentbottom 49% Fin. healthbottom 44% Moatbottom 34% Marketbottom 30% Patents: 1,201 patents matched (strict assignee match) · 615 filings since 2022 vs 342 in 2017-21 Innovation: 1,201 patents (top 6% of patent-holders) · 615 filings since 2022 vs 342 in 2017-21 rank vs industry peers · Fliar Intelligence Index 67/100 | — | $450M | 30 mo ago | — | 88 | WordPressSentryMySQL+16 | 12 signals ▲1100% Contracts · Funding · Capital raise | — |
| 50 | Goldi Solar Manufacturer of solar photovoltaic modules and provider of engineering, procurement, & construction services 69Fin. health top 28%News top 31%Moat top 31%Growth top 34% All 9 signals ▾Fin. healthtop 28% Newstop 31% Moattop 31% Growthtop 34% Markettop 36% Talenttop 38% Techtop 40% Fundingbottom 42% Globalbottom 37% Fin. health: Revenue ~$189M (FY2023) · Net margin 4.0% News: 12 BI events in 12 mo (of 60 tracked, 7 types) · +71% YoY rank vs industry peers · Fliar Intelligence Index 69/100 | — | $2M | 12 mo ago | — | 783 | WordPressMySQLPHP+33 | 12 signals ▲71% Funding · Capital raise · Hiring | — |
Top 12 Solar Energy companies in India
#1
ReNew 🦄Public · Gurugram, Haryana · founded 2011 · 644 employees$2Braised▾
ReNew 🦄
Public · Gurugram, Haryana · founded 2011 · 644 employees
Developer of wind & solar energy, hybrid, and hydro power projects. The company develops and operates utility-scale wind, solar, and hydropower projects. It offers net-zero solutions for corporates, including power purchase agreements, green credits, energy management, storage, and green hydrogen. The company also manufactures solar PV products and provides transmission infrastructure.
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Funding
top 15%Talent
top 22%Tech
top 26%Moat
top 30%Market
top 40%Growth
top 45%Funding: Raised $2.0B across 26 rounds · 26 rounds over 15 yrs (1.7/yr) · Last round Post IPO (Mar 2026)
Talent: Analyst team rating 5/5 · 4 named leaders on record · 4 C-suite/founder profiles curated
Tech: 56 technologies across 6/8 capability areas · Cloud: Akamai, Amazon S3 · Devops: Nginx
Funding rounds
- Mar 2026Post IPO$95M
- May 2025Post IPO$103.3M
- Jan 2024Conventional Debt$84.2M
- Jan 2021Conventional Debt$460M
Founders & team
Investors
CPP Investments, Goldman Sachs, Yes Bank, SBI, Larsen Toubro, ADIA
Tech stack
Acquia Cloud PlatformAcquia Cloud Site FactoryAdobe AnalyticsAdobe Experience Platform Identity ServiceAdobe Experience Platform LaunchAhrefs
#2
Funding Raised · Gurugram, Haryana · founded 2021$594.4Mraised▾
Funding Raised · Gurugram, Haryana · founded 2021
BluPine Energy is a renewable energy platform established in India by Actis, a global investor and world leader in funding and building sustainable infrastructure. They are committed to providing comprehensive, cost-effective, and sustainable low-carbon solutions. BluPine Energy has recently acquired a 404MWp operating solar portfolio from the Atha Group.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 25%Funding
top 30%News
top 33%Moat
top 35%Fin. health
top 39%Market
top 47%Growth: Revenue +98% YoY · Fresh capital in last 24 mo
Funding: Raised $594M across 1 rounds · 1 rounds over 4 yrs (0.2/yr) · Last round Conventional Debt (Jan 2026)
News: 10 BI events in 12 mo (of 29 tracked, 5 types) · +43% YoY · 1 high-value events (IPO/M&A/funding/contracts) in 12 mo
Audience (LinkedIn): 72k LinkedIn followers — 2.2% of this cohort's audience
Funding rounds
- Jan 2026Conventional Debt$594.4M
- Nov 2022PE—
Founders & team
Investors
Actis, Axis Bank
Tech stack
AosBootstrapCloudflareContact Form 7ElementorFont Awesome
#3
Acquired · Mumbai, Maharashtra · founded 2009 · 180 employees$149.7Mraised▾
Acquired · Mumbai, Maharashtra · founded 2009 · 180 employees
Independent power producer specializing in the development and operation of large-scale renewable energy projects. It is focused on focused on the generation and supply of renewable energy, including wind, solar, and hybrid power. The company is recognized for its grid-connected green energy projects. Their mission is to supply clean green power.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Funding
top 34%Fin. health
top 35%Product
top 42%Moat
top 48%Market
top 50%Talent
bottom 49%Funding: Raised $150M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) · Last round Series D (Mar 2026)
Fin. health: Revenue ~$167M (FY2023) · Net margin 12.6% · Revenue 1.1x total funding
Product: 1 published app (48 installs) · Company stage: Acquired
Funding rounds
- Mar 2026Series D$67.5M
- Aug 2024Series D$150M
- Jul 2022Conventional Debt$350M
Founders & team
Investors
Just Climate
Tech stack
Apache Http ServerBootstrapCdnjsCloudflareFancyboxFont Awesome
#4
Series D · Delhi, Delhi · founded 2016 · 5 employees$398.3Mraised▾
Series D · Delhi, Delhi · founded 2016 · 5 employees
Provider of renewable energy solutions. It offers solar, wind, storage, and hybrid solutions. It provides complete solutions for utility customers. The company enables energy transition through energy trading, solar manufacturing, green hydrogen, and energy storage. It maintains high ESG and corporate governance standards.
Fliar Intelligence Index™ 64how this company ranks against its industry peers
Growth
top 25%Funding
top 26%Tech
top 34%Moat
top 35%Partners
top 36%Fin. health
top 45%Growth: Revenue +52% YoY · Fresh capital in last 24 mo
Funding: Raised $398M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) · Last round Conventional Debt (Dec 2025)
Tech: 31 technologies across 4/8 capability areas · Cloud: Cloudflare · Security: Hsts, Http/3
Audience (LinkedIn): 112k LinkedIn followers — 3.4% of this cohort's audience
Funding rounds
- Dec 2025Conventional Debt$50M
- Mar 2025Series D$50M
- Mar 2024Conventional Debt$27M
- May 2023Series D$250M
Founders & team
Investors
OeEB, ICG, Sumitomo Mitsui Banking Corporation, AIIB, Atlantainvestment, Sdief Holdings
Tech stack
AngularAnimate.CssBootstrapCloudflareCloudflare Browser InsightsContact Form 7
#5
Series C · Gurugram, Haryana · founded 2022$54.6Mraised▾
Series C · Gurugram, Haryana · founded 2022
Provider of SME loans for solar projects. Company collaborates with real estate developers to finance and oversee the development of community-scale, ground-mounted solar arrays that generate clean power.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Growth
top 17%Funding
top 34%Tech
top 40%Talent
bottom 49%Moat
bottom 44%Fin. health
bottom 40%Growth: Revenue +902% YoY · Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Funding: Raised $54.6M across 4 rounds · 4 rounds over 3 yrs (1.3/yr) · Last round Series C (May 2026)
Tech: 30 technologies across 5/8 capability areas · Cloud: Cloudflare · Devops: Nginx
Audience (LinkedIn): 3k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- May 2026Series C$28.9M
- Feb 2026Series B$13.7M
- May 2025Series A$11.7M
- Mar 2023Seed$213K
Founders & team
Investors
Waaree Sustainable Finance, PointOne Capital, QED Innovation Labs, LetsVenture, Arham Investment, Navkar Ventures
Tech stack
Animate.CssBootstrapCdnjsChart.JsCloudflareEmotion
#6
Late Stage · Mumbai, Maharashtra · founded 2000 · 182 employees$451Mraised▾
Late Stage · Mumbai, Maharashtra · founded 2000 · 182 employees
Provider of integrated energy solutions. It offering a diversified portfolio of low-carbon power generation, interstate power transmission, and smart meter deployment. The company delivers end-to-end project development services across renewable energy, grid infrastructure, and advanced metering. It focuses on scaling clean energy capacity, strengthening transmission networks, and enabling intelligent power management.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Growth
top 27%News
top 27%Funding
top 30%Fin. health
top 35%Moat
top 35%Market
top 41%Growth: Headcount 149 → 182 (+22%) across vintages · Fresh capital in last 24 mo
News: 7 BI events in 12 mo (of 23 tracked, 5 types) · +250% YoY · 2 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding: Raised $451M across 2 rounds · 2 rounds over 8 yrs (0.2/yr) · Last round Conventional Debt (Dec 2025)
Audience (LinkedIn): 56k LinkedIn followers · 163 engagements/post (1.8× cohort median)
Funding rounds
- Dec 2025Conventional Debt$92M
- Sep 2018Unattributed$368M
Investors
CDPQ, British International Investment, Standard Chartered, CLP, Pareto
Tech stack
BootstrapGodaddyGoogle Tag ManagerGsapJqueryKentico Cms
#7
Series F · Hyderabad, Telangana · founded 2006 · 5 employees$942.8Mraised▾
Series F · Hyderabad, Telangana · founded 2006 · 5 employees
Provider of energy transition and decarbonization solutions. Its portfolio includes GHG mitigation, climate risk management, nature conservation, and circular economic approaches to promote environmental stewardship. It has built a portfolio of wind, solar, hydropower, natural gas, and biomass assets within India and plans to expand by developing new greenfield assets.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Funding
top 18%Product
top 18%Innovation
top 20%Moat
top 34%Fin. health
top 35%Talent
top 38%Funding: Raised $943M across 16 rounds · 16 rounds over 17 yrs (0.9/yr) · Last round Post IPO (Jul 2025)
Product: 4 distinct product lines · Company stage: Series F
Innovation: 4 product lines
Audience (LinkedIn): 87k LinkedIn followers — 2.6% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Jul 2025Post IPO—
- Mar 2023Post IPO$700M
- Sep 2020Post IPO$980M
- Feb 2019Post IPO$550M
Founders & team
Investors
GIC, ORIX, ADIA, General Electric, GE Capital, Pierfront Capital
Tech stack
Animate.CssApache Http ServerBootstrapCdnjsCloudflareFont Awesome
#8
Series D · Ahmedabad, Gujarat · founded 2022$149.9Mraised▾
Series D · Ahmedabad, Gujarat · founded 2022
Manufacturer of photovoltaic modules, offering engineering, procurement, and construction for solar projects. The company provides solar solutions, from design and construction to maintenance, ensuring performance and longevity for diverse renewable energy projects. They also produce modules using advanced technology and precision engineering.
Fliar Intelligence Index™ 84how this company ranks against its industry peers
Growth
top 13%Fin. health
top 26%Funding
top 28%Market
top 37%Tech
top 45%Talent
bottom 49%Growth: Revenue +605% YoY · Web rank 50,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Fin. health: Revenue ~$169M (FY2023) · Net margin 5.7% · Revenue +605% YoY
Funding: Raised $150M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) · Last round Series D (Feb 2026)
Audience (LinkedIn): 85k LinkedIn followers — 2.6% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Feb 2026Series D$115.9M
- Sep 2025Angel$34M
Founders & team
Investors
Bay Capital
Tech stack
CloudflareCloudflare Bot ManagementContact Form 7Core-JsElementorElementor Header & Footer Builder
#9
Late Stage · Mumbai, Maharashtra · founded 2011 · 222 employees$333.6Mraised▾
Late Stage · Mumbai, Maharashtra · founded 2011 · 222 employees
Aditya Birla Renewables is a leader in providing clean energy solutions, focusing on solar, wind, and hybrid power solutions for public and private sector customers. As a part of the Aditya Birla Group, the company boasts a 2 GWp portfolio of renewable energy projects.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 20%Funding
top 25%News
top 25%Moat
top 31%Market
top 42%Fin. health
top 43%Growth: Headcount 66 → 222 (+236%) across vintages · Revenue +47% YoY · Web rank 5,000,000 → 10,000,000 YoY
Funding: Raised $334M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round PE (Dec 2025)
News: 7 BI events in 12 mo (of 13 tracked, 6 types) · +250% YoY · 7 high-value events (IPO/M&A/funding/contracts) in 12 mo
Audience (LinkedIn): 124k LinkedIn followers — 3.8% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Careers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Dec 2025PE$333.6M
Founders & team
Investors
Global Infrastructure Partners
Tech stack
Animate.CssBootstrapCdnjsCloudflareFont AwesomeGoogle Analytics
#10
Public · Mumbai, Maharashtra · founded 1990 · 1307 employees$262.8Mraised▾
Public · Mumbai, Maharashtra · founded 1990 · 1307 employees
Manufacturer of solar PV modules. It offers mono, poly, bifacial, and flexible types PV modules, and provides comprehensive services such as solar rooftop and ground-mounted power plant installations, floating solar systems, solar water pumps, solar street lighting, energy storage, green hydrogen projects, operations and maintenance, and turnkey solar EPC.
Fliar Intelligence Index™ 91how this company ranks against its industry peers
Partners
top 9%Market
top 20%Funding
top 21%Tech
top 21%Talent
top 21%Fin. health
top 25%Partners: 23 contract events in 12 mo · Named contractor/client in 23 deals · Marquee-customer mentions: top 9% of tracked companies
Market: 1,307 employees (top 11% of Energy) · Revenue ~$1.8B · ~4% of tracked Solar Energy revenue (1951 cos, FY2025)
Funding: Raised $263M across 5 rounds · 5 rounds over 12 yrs (0.4/yr) · Last round Post IPO (Oct 2025)
Audience (LinkedIn): 266k LinkedIn followers — 8.0% of this cohort's audience
Funding rounds
- Oct 2025Post IPO$113.1M
- Sep 2022Series B$245.2M
- Dec 2017Unattributed$15.6M
- Dec 2014Unattributed$177.4K
Founders & team
Investors
Centrum, Founder Collective, Quest Portfolio Services, Cybage, Ohm Enterprise, Chandurkar Investments
Tech stack
Apache Http ServerApexcharts.JsApple Icloud MailAxiosBigcommerceBootstrap
#11
Series C · Gurugram, Haryana · founded 2011 · 146 employees$48.6Mraised▾
Series C · Gurugram, Haryana · founded 2011 · 146 employees
OMC installs solar micro-grid to generate power and sells it to telecom towers and remote rural communities.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
News
top 29%Moat
top 34%Talent
top 38%Tech
top 39%Funding
top 42%Partners
top 47%News: 6 BI events in 12 mo (of 10 tracked, 4 types) · +200% YoY · 6 high-value events (IPO/M&A/funding/contracts) in 12 mo
Moat: Top 27% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 7/10 · 10 curated direct competitors tracked
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding rounds
- Mar 2026Series C$17.3M
- Oct 2025Series C—
- Nov 2024Series C—
- May 2022Series C$27.2M
Founders & team
Investors
Mitsui, Iiieros, Khattar Group Companies, Chubu Electric Power, Theworldwewant, Energy Investment Tech
Tech stack
AngularBootstrapCdnjsCloudflareCloudflare Bot ManagementDreamhost
#12
Series C · Mumbai, Maharashtra · founded 2018 · 106 employees$100Mraised▾
Series C · Mumbai, Maharashtra · founded 2018 · 106 employees
Provider of open access and behind-the-meter solar energy solutions. The company develops and implements renewable energy projects, focusing on both open access solutions for larger-scale power generation and behind-the-meter solutions tailored to individual customer needs. It offer a complete suite of services to support the energy transition, from project development and financing to ongoing maintenance and support. The company's expertise lies in designing and delivering customized renewable energy systems that meet specific sustainability requirements.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
News
top 25%Funding
top 27%Growth
top 32%Moat
top 36%Fin. health
top 37%Talent
top 38%News: 7 BI events in 12 mo (of 22 tracked, 5 types) · +133% YoY · 4 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding: Raised $100M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Series C (Feb 2026)
Growth: Headcount 98 → 106 (+8%) across vintages · Revenue +35% YoY · Web rank 50,000,000 → 10,000,000 YoY
Audience (LinkedIn): 20k LinkedIn followers
Activity (LinkedIn): 2 partnerships · 1 awards (incl. The Private Infrastructure Development Group (PIDG)) announced in 12 mo
Funding rounds
- Feb 2026Series C$100M
Founders & team
Investors
Impact Fund Denmark, FMO, EverSource Capital
Tech stack
Animate.CssApache Http ServerContact Form 7GodaddyGoogle Font ApiHsts
Funding & investor landscape
$15.6Btotal disclosed funding
150companies funded
443disclosed rounds
4rounds last 90 days
Most active investors
Goldman Sachs6 rounds
Villgro6 rounds
Bessemer Venture Partners4 rounds
Notable founders
Sumant Sinha
Founder · ReNew
Vaishali Nigam Sinha
Co Founder and Chairperson Sustainability · ReNew
Neerav Nanavaty
CEO · Blupine Energy
Arvind Bansal
CEO · Continuum Wind Energy
Pinaki Bhattacharyya
Founder & CEO & Managing Director · Ampin Energy Transition
Gautam Kaushik
Co-Founder · Solfin
Anil kumar Chalamalasetty
Co-Founder · Greenko Group
Mahesh Kolli
Co-Founder · Greenko Group
Vinay Thadani
CEO & Director · GREW Solar
Amit Jain
CEO · Aditya Birla Renewables
Manmohan Sharma
CFO · Waaree Energies
Pawan Agrawal
CEO · Waaree Energies
Prism market signals · India · country-scoped Prism corpus, 204,647 docs
Market landscape — 10 sub-themes by coverage
Share of Solar Energy coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · India
How research on Solar Photovoltaics is moving in India
A read on the academic research around Solar Photovoltaics — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 5,416 India-affiliated papers.
research sentiment over time
201320202026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 41% → 67% across 2013–2026.
top research entities
- Vellore Institute of Technology University187
- Saveetha University167
- Chitkara University144
- SRM Institute of Science and Technology138
- Chandigarh University114
leading researchers
Jaya Madan · Rahul Pandey · Anil Kumar · M. Khalid Hossain · Anik Goswami · Sagar Bhattarai · Atul Kumar · Shobhit K. Patel
▲
Breakthroughs1,058 · 20%
▲ 18%→20% share
▲1.1× share momentum0 median citations98% since 2021mostly methods-led
Perovskite research is surging — Indian solar papers on perovskite structures grew from 2 to 96, signalling rapid frontier activity.
rising sub-themes (early→recent)
- Photovoltaic system2→392
- Solar energy1→331
- Solar cell4→151
- Perovskite (structure)2→96
- Optoelectronics5→90
Newly emergingRenewable energy 0→217 · Solar powered 0→52 · Battery (electricity) 0→49
Landmark High-efficiency dye-sensitized solar cell with a novel co-adsorbent · 705 cites
◆
Advancements3,416 · 63%
▲ 44%→63% share
▲1.4× share momentum0 median citations98% since 2021mostly empirical
Photovoltaic systems research is intensifying — Indian advancements papers rose from 11 to 1,232, driving field-share expansion from 44% to 63%.
rising sub-themes (early→recent)
- Photovoltaic system11→1232
- Solar energy9→1164
- Renewable energy4→719
- Solar cell5→613
- Optoelectronics3→380
Newly emergingThermal 0→190 · Electrical engineering 0→180 · Solar power 0→137
Landmark A review of TiO2 nanoparticles · 1,240 cites
▼
Concerns417 · 8%
▼ 13%→8% share
▼0.6× share momentum0 median citations98% since 2021mostly empirical
Fossil-fuel risk discourse is newly prominent — concern-segment papers linking solar to fossil fuels climbed from 1 to 36.
rising sub-themes (early→recent)
- Solar energy3→211
- Renewable energy3→178
- Photovoltaic system3→155
- Perovskite (structure)1→39
- Fossil fuel1→36
Newly emergingSolar cell 0→43 · Solar power 0→30 · Electricity 0→30
Landmark Strategic review of secondary phases, defects and defect-complexes in kesterite CZTS–Se solar cells · 555 cites
RESEARCH HOTSPOTS · India
Where solar pv is researched across India
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Delhi-NCR324 · +0.49
Chennai280 · +0.55
Mumbai158 · +0.51
Pune118 · +0.51
Bengaluru80 · +0.60
Hyderabad72 · +0.54
Kolkata57 · +0.53
Guwahati54 · +0.44
Roorkee44 · +0.56
Kanpur32 · +0.44
PATENT SIGNAL · India
Who's filing solar pv patents in India
India solar pv patent filing is accelerating — 473 filings from 1,012 assignees (2016–2025), led by CSIR, Moser BAER India, Indian INST Technology Bombay; annual filings 41→42.
473 filings1,012 assigneespeak 85/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
- CSIR58
- Moser BAER India40
- Indian INST Technology Bombay27
- TATA Steel14
- Tata Power Solar Systems13
- Panse Sudhir V12
- Weismacher ECO12
- TVS Motor11
Common questions
How many Solar Energy companies are there in India?
Radar tracks 1263 indexable Solar Energy companies headquartered in India, India, that meet our profile-completeness bar.
What is the total funding raised by Solar Energy companies in India?
The Solar Energy companies in India on this list have raised a combined $15.6B in disclosed equity funding across 150 funded companies.
Which is the highest-funded Solar Energy company in India?
ReNew is the highest-funded Solar Energy company in India, with $2B in disclosed equity funding.
How many Solar Energy companies in India are funded?
150 of the 1263 Solar Energy companies in India on this list have disclosed at least one equity funding round.
How many Solar Energy unicorns are there in India?
3 Solar Energy companies in India on this list are valued at $1B or more.
Who are the top investors in India Solar Energy companies?
The most active investors in India Solar Energy companies on this list include IFC, British International Investment, Asian Development Bank, Goldman Sachs, Villgro.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.