Radar · Solar Energy in Rajasthan
Best Solar Energy Companies in Rajasthan, India
The 48 best Solar Energy companies in Rajasthan, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Insolation Energy.
By Riya SenguptaFinancials
48companies tracked
$91Mdisclosed funding
0unicorns
3have raised
FLIAR INTELLIGENCE · SOLAR ENERGY × RAJASTHAN
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
231kcombined LinkedIn audience
72%of audience held by top 3
5companies hiring publicly (12 mo)
Ranked: Best Solar Energy companies in Rajasthan
| # | Company | Disclosed funding | Revenue | Revenue YoY | Employees | Founded | Founder | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | 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 | $48M | $159M FY2025 | +81% | 98 | 2015 | Manish Gupta Founder-Director | 1 award |
| 2 | 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 | $41M | $146M FY2025 | +15% | 618 618 → 719 (+16%) | 2011 | Ketan Mehta Co-Founder & Managing Director | 3 job openings · 1 award |
| 3 | Genus Innovation Provider of solar energy products and services | — | $36M FY2025 | -9% | 375 | 1998 | — | 3 launchs · 2 partnerships |
| 4 | Rays Power Expert Solar farms EPC | $2M | $16M FY2025 | +200% | 175 | 2010 | Rahul Gupta Director and Founder | — |
| 5 | Whole Solar Manufacturer of solar powered products | — | $15M FY2025 | +35% | 22 | 2018 | — | — |
| 6 | Gridfree Solar Energy Provides end-to-end solutions for rooftop solar solutions and distributes solar modules | — | $12M FY2025 | -31% | — | 2018 | Chitwan Agarwal CEO & Managing Director | — |
| 7 | APM Projects Renewable energy solutions provider offering design, installation, and maintenance services for solar energy… | — | $12M FY2025 | +9% | — | 2017 | Mukesh Choudhary Managing Director & Chairman | — |
| 8 | Bhaskar Jyoti Provider of solar energy systems and related maintenance and consultancy | — | $9M FY2025 | -34% | — | — | Nitesh Gupta Group Managing Director | — |
| 9 | Lume Solar Offers solar rooftop, solar water heaters,etc | — | $6M FY2025 | +215% | 22 | 2015 | Ankit Jain CEO | — |
| 10 | Saurya Urja Developer of solar energy projects | — | $6M FY2025 | — | — | 2015 | Bibhu Biswal CEO | — |
| 11 | Adani Renewable Energy Park Rajasthan Solar park developer in Rajasthan | — | $5M FY2024 | +25% | — | 2015 | — | — |
| 12 | Vibrant Solar Turnkey solar solutions provider | — | $4M FY2024 | — | — | 2014 | — | 1 award |
| 13 | Cosine Power Designing and manufacturing overhead line hardware, including galvanized steel socket clevis/socket tongue… | — | $4M FY2025 | +159% | — | 2014 | Harendra Saini CEO | — |
| 14 | Penta Solarex Green energy company that designs, installs, and maintains solar energy solutions, including solar pergolas… | — | $4M FY2025 | -3% | — | 2000 | — | — |
| 15 | Winbeesolutions Provider of end-to-end electrical and solar solutions | — | $3M FY2025 | +67% | 88 88 → 50 (-43%) | 2019 | Yesvendra Meena Founder & CEO | — |
| 16 | SRB Solar Energy Efficiency and solar energy systems integrator | — | $3M FY2025 | -12% | — | 2005 | Rakesh Kumar Founder | — |
| 17 | Fidus Energy Provide turnkey solutions for solar rooftop power plants | — | $2M FY2025 | +85% | 7 | 2010 | — | — |
| 18 | Leelmax Manufacturer of solar PV modules | — | $2M FY2025 | +94% | — | 2016 | Vishal Choudhary CEO | — |
| 19 | SUGAM SOLAR Solar panel & products installation company | — | $2M FY2025 | -22% | — | 2019 | Anil Sanjeti Co-Founder & CEO | — |
| 20 | NDJ Solar Solar energy solutions provider offering a range of products and services including solar panels, mounting… | — | $2M FY2025 | +232% | — | 2017 | Dinesh Jindal Co-Owner & CEO | — |
| 21 | Novergy Manufacturer of solar panels and other solar products | — | $2M FY2025 | -44% | 48 | 2006 | BD Damani CEO & MD | — |
| 22 | Vareyn Solar Provider of turnkey solar EPC and installations services | — | $2M FY2025 | +268% | — | 2015 | Shreesh Chaturvedi Co-Founder | — |
| 23 | Ecomitram Solar panel installation and O&M service providing company | — | $2M FY2025 | — | 12 | 2014 | — | — |
| 24 | Suncity Solar Provider of solar energy services for homes & business | — | $1M FY2025 | -14% | — | 2019 | Mahipal Barmer Owner | — |
| 25 | IYSERT ENERGY Manufacturer of portable solar technology, vertical turbines, and bio waste technology. | — | $1M FY2025 | +4% | 12 12 → 11 (-8%) | 2012 | Rakesh Biswas Founder & Chairman | 6 launchs |
| 26 | Zephyrsun Solar plant installation services provider on a commercial scale | — | $502K FY2025 | -33% | 64 | 2011 | Chetan Chhangani Co-Founder & Director | — |
| 27 | Vedansh Infraenergy Manufacturer of solar powered products | — | $362K FY2020 | +149% | — | 2012 | Vishvadeep Sharma Founder & MD | — |
| 28 | Pink City Energy Manufacturer of precision-engineered metal components for diverse industries | — | $335K FY2025 | +266% | 4 | 2015 | Mohan Kanwar Co-Founder & Director | — |
| 29 | Solsken Energy Provider of solar power production, distribution, and energy systems | — | $296K FY2022 | +27% | — | 2015 | Akshay Caturvedi CEO | — |
| 30 | SunReform Energy EPC service provider in the solar energy sector | — | $293K FY2025 | +69% | — | 2014 | Anand Singh Shekhawat Co-Founder & Director | — |
Top 3 Solar Energy companies in Rajasthan
#1
Public · Jaipur, Rajasthan · founded 2015 · 98 employees$47.8Mraised▾
Public · Jaipur, Rajasthan · founded 2015 · 98 employees
Manufacturer of solar PV module & panel. The company operates a fully automatic, state-of-the-art manufacturing plant. The modules are used in large-scale utility systems, rooftop residential and commercial systems, net metering, off-grid systems, solar pumping, rural electrification, telecom towers, street lighting, and EV charging stations.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Product
top 14%Innovation
top 20%Moat
top 30%Fin. health
top 33%Talent
top 38%Tech
top 39%Product: 7 distinct product lines · Company stage: Public
Innovation: 7 product lines
Moat: Top 3% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 1/10
Audience (LinkedIn): 67k LinkedIn followers — 29.2% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Oct 2024Post IPO$47.8M
Founders & team
Investors
HVCF
Tech stack
AosApache Http ServerBootstrapCdnjsCloudflareCloudflare Bot Management
#2
Series C · Jaipur, Rajasthan · founded 2011 · 618 employees$40.8Mraised▾
Series C · Jaipur, Rajasthan · founded 2011 · 618 employees
Provider of solar engineering, procurement, and construction services for power projects. It delivers integrated solar power solutions. It offers open access to renewable energy options. It provides continuous technical support to maximize solar project lifecycles.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Moat
top 20%Market
top 40%Fin. health
top 40%Funding
top 42%Growth
top 44%Tech
top 46%Moat: Top 3% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 8/10 · Soonicorn
Market: 618 employees (top 18% of Energy) · Revenue ~$146M · Top 3% by revenue among 1951 tracked Solar Energy peers
Fin. health: Revenue ~$146M (FY2021) · Net margin 9.8% · Revenue +15% YoY
Audience (LinkedIn): 78k LinkedIn followers — 33.8% of this cohort's audience · 209 engagements/post (5.4× cohort median)
Hiring (LinkedIn): 3 hiring posts in 12 mo (public) · momentum +3 · hiring: GM/DGM/AGM – Land & Connectivity professionals, Sr. Manager/AGM – Land Acquisition professional
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Jul 2024Series C$16.2M
- Mar 2024Series C$6.5M
- Dec 2018Series B$28.5M
- Dec 2018Conventional Debt—
Founders & team
Investors
Touch Point Sales, Axis Dealtrade, DMI Finance, Dutch Commotrade, Weststonemanagementconsultancy, Equity4Life
Tech stack
Animate.CssApache Http ServerBootstrapCloudflareContact Form 7Font Awesome
#3
Seed · Jaipur, Rajasthan · founded 2010 · 175 employees$2.4Mraised▾
Seed · Jaipur, Rajasthan · founded 2010 · 175 employees
Rays Power Expert provides solutions for developing utility–scale solar PV plants. Offers services across the entire value chain including project development, engineering, procurement & construction (EPC), financing and operations & maintenance (O&M). Also offers land and site identification, supply of solar panels and accessories, obtaining necessary approvals, expediting finance from banks, development of site infrastructure, installation and commissioning, power evacuation, operation and maintenance over the entire life of the project. The company is now looking to build its own solar plants and has commissioned a 100-MW solar project at Bikaner in Rajasthan. Operates through 5 offices in India. The company is in talks to raise INR 400 cr. from Gujarat venture finance and Blackstone for 25% equity as on Feb 2015.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 22k LinkedIn followers — 9.4% of this cohort's audience
Funding rounds
- Jul 2024Seed$2.4M
Founders & team
Investors
Sunil Singhania's family office, VYOM WEALTH ADVISORS
Tech stack
Apache Http ServerBootstrapCloudflareCloudflare Bot ManagementFont AwesomeGodaddy
Funding & investor landscape
$91Mtotal disclosed funding
3companies funded
7disclosed rounds
0rounds last 90 days
Most active investors
Axis Dealtrade1 rounds
Dutch Commotrade1 rounds
Shining Sun Solar Commotrade1 rounds
Notable founders
Manish Gupta
Founder-Director · Insolation Energy
Vikas Jain
Co-Founder · Insolation Energy
Ketan Mehta
Co-Founder & Managing Director · Rays Power Infra
Rahul Gupta
Director and Founder · Rays Power Expert
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 IN RAJASTHAN · Energy
How research on Solar Pv in Rajasthan is moving
A read on the academic research around Solar Pv in Rajasthan — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 40 papers.
40 papers · stance +0.41 · 8% breakthrough · 19% concern
top institutions
- Rajasthan Technical University19
- University of Rajasthan15
- Rajasthan University of Veterinary and Animal Sciences3
- Swami Keshwanand Rajasthan Agricultural University3
- Rajasthan Dental College and Hospital2
leading researchers
Shiv Lal · Dhruvit Prashantbhai Joshi · Gaurav Purohit · Vijyendra Singh Sankhla · Aamir Hussain Dar · Bairwa, Bhagwan Sahay
prism intelligence · tone & topics
85% positive · 5% critical tone
EnergySustainabilityEnvironmentAgricultureBusinessHealthcare
▲
Breakthroughs3 · 8%
▲ 0%→8% share
0 median citations100% since 2021mostly methods-led
Breakthroughs are rising (0%→8% of field), led by Testbed.
rising sub-themes (early→recent)
- Testbed1
- MQTT1
- Energy harvesting1
- Microcontroller1
- Solar energy1
Landmark Solar rankine and absorption multi-generation for residential buildings: design, exergy analysis and techno-economic opt · 2 cites
◆
Advancements26 · 65%
▲ 0%→64% share
0 median citations96% since 2021mostly empirical
Advancements are rising (0%→64% of field), led by Solar cell.
rising sub-themes (early→recent)
- Solar cell1→5
Newly emergingPhotovoltaic system 0→13 · Solar energy 0→9 · Renewable energy 0→7
Landmark Impact of temperature on performance of series and parallel connected mono-crystalline silicon solar cells · 122 cites
▼
Concerns7 · 18%
▲ 0%→18% share
0 median citations100% since 2021mostly position pieces
Concerns are rising (0%→18% of field), led by Renewable energy.
rising sub-themes (early→recent)
- Renewable energy5
- Solar energy5
- Photovoltaic system3
- Agriculture2
- Fossil fuel2
Newly emergingRenewable energy 0→5 · Solar energy 0→5 · Photovoltaic system 0→3
Common questions
How many Solar Energy companies are there in Rajasthan, India?
Radar tracks 48 indexable Solar Energy companies headquartered in Rajasthan, India that meet our profile-completeness bar.
What is the total funding raised by Solar Energy companies in Rajasthan, India?
The Solar Energy companies in Rajasthan, India on this list have raised a combined $91M in disclosed equity funding across 3 funded companies.
Which is the highest-funded Solar Energy company in Rajasthan, India?
Insolation Energy is the highest-funded Solar Energy company in Rajasthan, India, with $47.8M in disclosed equity funding.
How many Solar Energy companies in Rajasthan, India are funded?
3 of the 48 Solar Energy companies in Rajasthan, India on this list have disclosed at least one equity funding round.
How many Solar Energy unicorns are there in Rajasthan, India?
None of the Solar Energy companies in Rajasthan, India on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Rajasthan, India Solar Energy companies?
The most active investors in Rajasthan, India Solar Energy companies on this list include AIM Smart City Accelerator, Adani Green Energy, Axis Dealtrade, DMI Finance, Dutch Commotrade.
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.