PowerHive

COMPANY OVERVIEW

Vikram Solar is one of India’s largest domestic solar module manufacturers with a strong presence across domestic and international markets.
The company operates as an integrated solar energy solutions provider across the full value chain, offering EPC and O&M services, with modules primarily procured in-house.

With a focus on quality, innovation and sustainability, Vikram Solar has built a strong reputation within the global renewable energy ecosystem.

KEY HIGHLIGHTS

3

Manufacturing
Plants

9.5 GW

Cumulative Manufacturing
Capacity

7.88 GW

Solar Modules
Shipped Globally

948.32 MW

Solar Modules in the
United States

2500+

Employee
Strength

1.4 Bn

Market
Capitalization

INDUSTRY MILESTONES

Designed and installed the world’s first fully solarized airport in Cochin, Kerala

Commissioned India’s first floating solar PV plant

Featured in the KIWA Photo-Voltaic Evolution Labs (PVEL) module reliability scorecard for seven consecutive years

Recognized in the Bloomberg NEF Tier 1 list

Awarded the EcoVadis ‘Platinum’ Badge at the group level

GROUP STRENGTH

Vikram Solar’s manufacturing scale, renewable energy expertise and global market presence provide the foundation of credibility and operational strength that supports PowerHive’s energy storage platform.

WHAT ADDS DEPTH TO THE STORY

A 20-year legacy in solar manufacturing gives the brand a strong base of technical know-how, execution discipline and customer trust.
The company’s presence across 39 international locations, along with EPC and O&M delivery capability, reinforces its ability to serve diverse market needs.

In India, an extensive distributor and dealer network supports wider market access, faster outreach and stronger brand visibility.

TECHNOLOGY AND QUALITY EDGE

Vikram Solar operates with fully automated manufacturing units, using advanced tools such as AI-enabled inspection, STS traceability and digital quality controls to reduce variation and improve consistency.

Its process discipline is reinforced by 100% EL and IV testing, in-line controls, NABL-accredited lab capability and Six Sigma practices.

The company also leverages globally sourced equipment and technical collaborations to keep its products aligned with bankability and performance expectations.

SUSTAINABILITY AND ESG FOCUS

The company’s sustainability agenda includes plant solarization, renewable power sourcing and emissions management across operations.

External recognition such as EcoVadis Platinum, along with alignment to broader sustainability frameworks, underscores a responsible operating mindset.

This positions Vikram Solar as a manufacturer with both industrial scale and a long-term environmental orientation.

FORWARD-LOOKING GROWTH

Vikram Solar has outlined an expansion roadmap aimed at increasing module and cell manufacturing capacity over the coming years.

The growth plan reflects a clear intent to stay ahead of market demand, deepen technology capability and strengthen its position in the clean energy value chain.

Milestones

Vikram Solar incorporated

3 MW installed under the National Solar Mission of India

Contributed to 1st Fully Solarised*Airport- Cochin International Airport Limited, Cochin, Kerala

Ranked as India‘s Tier 1 module manufacturer (BloombergNEF)*
First company in India to commission a floating solar PV plant of 10 kW

Reached 500 MW production capacity

1 GW of production capacity reached

200 MW plant commissioned in Andhra Pradesh for state power generation company*
Commissioned East India’s largest single shed rooftop project- 2.15 MW

2.5 GW production capacity reached*

3.5 GW annual rated production capacity reached

NABL accredited R&D Lab
World’s 1st solar company to be certified for M10 & G12 cell modules as per latest standards from TUV Rheinland UL 61215: 2021/ UL 61730- 1&2: 2022

Bloomberg NEF Tier 1 Module Manufacturer
7th time Kiwa-PVEL Top Performer

Increased capacity to 4.5GW
Won 1GW module supply order

A Leading Solar Manufacturing and Renewable Energy Company