Vikram Solar Limited

Public

—N/Ahttps://www.vikramsolar.com

Last Round

IPO Announced

Aug 19, 2025

Est. Valuation

$1.44B

Total Funding Raised

$607.92M

Company Overview

Vikram Solar Limited is a prominent Indian solar energy company, recognized as one of the nation's largest manufacturers of solar photovoltaic (PV) modules. Founded in 2005 and headquartered in Kolkata, the company's core business involves producing high-efficiency solar PV modules. Beyond manufacturing, Vikram Solar provides comprehensive solar energy solutions, including Engineering, Procurement, and Construction (EPC) and Operations and Maintenance (O&M) services for solar power plants. The company serves a global clientele across numerous countries and recently became a publicly traded entity on the BSE and NSE in India following its IPO in August 2025.

Verticals

Solar Module Manufacturing, Solar EPC, Operations & Maintenance

AI Layer

Non-AI

Keywords

solar photovoltaic (PV) module manufacturerhigh-efficiency solar PV modulesIndian domestic solar manufacturerintegrated solar energy solutions providersolar power plant EPCsolar plant operations and maintenance (O&M)utility-scale solar project servicescommercial and industrial (C&I) solar solutionsTOPCon solar module technologyHJT solar module technologybifacial solar modulesbattery energy storage systems (BESS)

Vikram Solar Limited Comps

Public and private peers based on sector, stage, and business model.

Vikram Solar Limited comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Vikram Solar Limited Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
IPO Announced	Aug 19, 2025
Private Equity	Aug 18, 2025
Private Placement	Jun 25, 2024
Debt	Dec 7, 2023

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Key People

Founding team and executive leadership

KRISHNA KUMAR MASKARA

Chief Operating Officer

Executive Team

Rony Banerjee

Chief Revenue Officer

Executive Team

Vikram Solar Limited Investors

Notable investors and investment history

Vikram Solar Limited investors
Investor	Rounds
Plutus Wealth Management	Private Equity
Edelweiss Asset Management Limited	IPO, Private Equity
SBI General Insurance Company	IPO, Private Equity
Varanium Capital Advisors	Private Placement
PhillipCapital India	IPO
Singularity AMC	Private Equity
Tata Mutual Fund	Private Equity

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Vikram Solar Limited Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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Vikram Solar Limited Filings

SEC and related filings with document metadata.

Firmographic Details

Headquarters—

Employee Range1,870

Year Founded2005

Last FundingAug 19, 2025

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