India’s solar energy sector is experiencing one of the most transformative growth phases in its history. The country recorded an extraordinary 45 GW annual solar capacity addition in FY 2025-26, powered by government ambition, falling panel costs, and a rapidly maturing domestic manufacturing ecosystem. India’s total installed solar capacity has crossed 100 GW, making it the third largest solar market in the world. The PM Surya Ghar Muft Bijli Yojana, the PLI scheme for solar PV manufacturing, and the domestic content requirement for government solar projects have created powerful tailwinds for Indian solar manufacturers. Waaree Energies, with India’s largest solar panel manufacturing capacity of 12 GW, leads the domestic manufacturing landscape. Let us have a look at the top 10 solar panel companies in India for the year 2026.
1. Waaree Energies Limited
Waaree Energies, founded in the year 1989 and headquartered in Mumbai, is India’s largest solar panel manufacturer with a manufacturing capacity of 12 GW at its plants in Chikhli and Umbergaon in Surat and Valsad, Gujarat, and annual revenue of Rs 26,536.77 crore as of 2025. The company is listed on Indian stock exchanges and produces high-efficiency solar PV modules including multi-crystalline, mono PERC, and TOPCon technologies for residential, commercial, industrial, and utility-scale solar installations. Waaree has a presence across six continents and exports its modules to over 380 customers globally.
Waaree serves residential homeowners, commercial and industrial solar buyers, large utility-scale project developers, and international markets with its comprehensive range of solar modules and EPC services, and is the go-to brand for Indian solar buyers who want the widest product range from the country’s largest and most financially robust domestic manufacturer.
2. Adani Solar
Adani Solar, established as the solar PV manufacturing arm of the Adani Group and founded in the year 2016, is widely described as India’s largest vertically integrated solar cell and module manufacturer with manufacturing operations at its Mundra facility in Gujarat. The company won the top performer rating in PV Evolution Labs’ PV Module Reliability Scorecard for six consecutive years from 2018 to 2023, a distinction that underscores the exceptional quality of its solar module production. Adani Solar’s Mundra plant churns out high-efficiency mono PERC and TOPCon modules that are exported globally and used in India’s largest utility-scale solar projects.
Adani Solar serves large utility-scale project developers, government solar programs, and international procurement teams with its vertically integrated solar cells and modules, and its full supply chain from cells through modules to project development within the Adani Group ecosystem makes it the most comprehensively integrated solar manufacturer in India.
3. Tata Power Solar Systems Limited
Tata Power Solar Systems Limited, a wholly owned subsidiary of Tata Power Renewable Energy Limited tracing its origins to the year 1989 as Tata BP Solar, is one of India’s oldest and most trusted solar companies with over three decades of industry experience. On November 13, 2024, Tata Power Solar commissioned one of India’s largest floating solar projects in Omkareshwar, Madhya Pradesh, with a capacity of 126 MW using 213,460 bifacial glass-to-glass modules covering 260 hectares of water area — reducing approximately 173,893 tonnes of CO2 annually. The company has shipped over 1.4 GW of modules globally.
Tata Power Solar serves residential rooftop solar customers, commercial and industrial buyers, and large utility-scale project developers across India and international markets with its solar modules and full EPC services, and is the most trusted solar brand among Indian homeowners who prioritise brand heritage, quality service, and the backing of the Tata Group.
4. Vikram Solar Limited
Vikram Solar, founded in the year 2006 and headquartered in Kolkata, is one of India’s most globally respected solar module manufacturers and a pioneer in high-efficiency solar technology with a strong presence across six continents. The company has commissioned 1,355 MW of solar projects, maintains a manufacturing capacity exceeding 1 GW, and specialises in high-efficiency mono PERC and bifacial module technologies. Vikram Solar is consistently rated as the innovation leader among Indian solar manufacturers for its early investment in TOPCon cell line technology and its focus on R&D-driven product development.
Vikram Solar serves large utility-scale solar project developers, international procurement teams, and domestic commercial and industrial buyers with premium high-efficiency modules, and is the preferred Indian solar brand for technically demanding buyers who require the highest efficiency ratings and the strongest international bankability certifications.
5. Premier Energies Limited
Premier Energies, founded in the year 1995 and headquartered in Hyderabad, is one of India’s most integrated solar cell and module manufacturers, uniquely positioned as a vertically integrated producer that manufactures both solar cells and finished modules at its Hyderabad and Telangana facilities. The company is the second largest integrated solar cell and module manufacturer in India and has been expanding its capacity aggressively to meet growing demand from India’s utility-scale and C&I solar markets. Premier Energies was listed on Indian stock exchanges in 2024 and has raised substantial capital for capacity expansion.
Premier Energies serves utility-scale solar developers, C&I buyers, and government solar procurement programs across India with its vertically integrated cell and module products, and is positioned as one of the most technically self-sufficient Indian solar manufacturers capable of end-to-end solar module production without dependence on imported cells.
6. Goldi Solar
Goldi Solar, founded in the year 2011 and headquartered in Surat, Gujarat, is one of India’s fastest-growing solar panel manufacturers and among the most recommended brands in the residential and commercial rooftop solar segment for 2026. The company has scaled rapidly to become a significant player in India’s solar manufacturing landscape, offering mono PERC and bifacial modules with Bloomberg NEF Tier 1 bankability certification. Goldi Solar is known for combining strong product quality with competitive pricing that makes it attractive to cost-conscious residential and commercial buyers.
Goldi Solar serves residential rooftop installers, commercial solar buyers, and mid-scale project developers across India with its quality-certified and competitively priced solar modules, and is one of the most rapidly growing domestic solar brands in the booming residential rooftop solar segment driven by the PM Surya Ghar scheme.
7. RenewSys India
RenewSys, a part of the Enpee Group and founded in the year 2011 with its headquarters in Hyderabad, is one of India’s most uniquely positioned solar manufacturers because it is one of the very few companies that produces not only solar modules but also key solar components including encapsulants, backsheets, and EVA films. With a manufacturing capacity exceeding 2.75 GW for modules and component manufacturing capabilities that give it a unique upstream position in India’s solar supply chain, RenewSys addresses India’s goal of reducing component import dependence.
RenewSys serves domestic solar project developers, module manufacturers, and international markets with both finished solar modules and solar balance-of-system components including encapsulants and backsheets, making it the most comprehensively positioned Indian solar materials manufacturer in the domestic supply chain ecosystem.
8. Bluebird Solar
Bluebird Solar is a fast-growing solar panel manufacturer operating a state-of-the-art 2.5 GW module manufacturing unit in Greater Noida, serving both the residential and utility-scale solar markets with its mono PERC and TOPCon solar panels. The company positions itself on its 45 years of legacy in the power sector and offers smart, durable, and eco-friendly solar offerings across residential, commercial, and infrastructure segments. Bluebird Solar is regularly cited in 2026 rankings as one of India’s top solar panel companies for its product quality and service reliability.
Bluebird Solar serves homeowners, businesses, and infrastructure developers across India with its full range of solar modules and EPC services, and has built a growing reputation for combining established manufacturing credibility with technically advanced module products at competitive price points in the residential and commercial segments.
9. Saatvik Green Energy
Saatvik Green Energy, based in Haryana, is a growing and focused solar module manufacturer that has been expanding its capacity and market presence in India’s rapidly growing solar installation market. The company produces mono PERC modules for residential, commercial, and utility applications and has been building its brand among solar installers and EPC contractors through consistent product quality, reliable supply, and competitive pricing. Saatvik is cited as one of India’s leading solar panel manufacturers in 2026 by multiple industry sources.
Saatvik Green Energy serves residential and commercial solar installers, EPC contractors, and project developers across India with its solar modules, and is a strong choice for buyers seeking domestically manufactured mono PERC modules from a growing but increasingly credible manufacturer that combines quality with accessibility.
10. Luminous Power Technologies
Luminous Power Technologies, founded in the year 1988 and now a part of the Schneider Electric group, is India’s most recognised consumer brand in the residential solar and home power segment, with the deepest retail distribution network of any solar brand in the country that extends even to smaller cities and towns. The company offers solar panels, solar inverters, solar batteries, and complete rooftop solar systems under the Luminous brand, making it a one-stop shop for homeowners seeking to go solar. Luminous is rated as having the best retail distribution reach among all solar brands in India.
Luminous serves residential homeowners and small commercial buyers across India with its complete solar power systems and components, and its unmatched retail distribution network built through decades of selling inverters and batteries gives it exceptional market access in tier-2 and tier-3 cities and rural areas where other solar manufacturers have limited direct presence.
Frequently Asked Questions (FAQs)
Q: Which is the largest solar panel manufacturer in India in 2026?
A: Waaree Energies is India’s largest solar panel manufacturer with a manufacturing capacity of 12 GW at its Gujarat facilities, making it the highest-capacity solar module producer in the country. Adani Solar is the largest vertically integrated manufacturer producing both solar cells and modules. Tata Power Solar is the oldest and most trusted brand in the residential and rooftop solar segment.
Q: How much solar capacity did India add in FY 2025-26?
A: India recorded an extraordinary 45 GW annual solar capacity addition in FY 2025-26, one of the largest single-year solar additions in the country’s history. This pushed India’s total installed solar capacity past 100 GW, making India the third largest solar market in the world behind China and the United States.
Q: What is the PM Surya Ghar Muft Bijli Yojana scheme?
A: PM Surya Ghar Muft Bijli Yojana is a central government scheme launched in February 2024 to promote rooftop solar installations in residential properties. Under the scheme, households can avail subsidies for installing rooftop solar systems and benefit from free electricity up to a defined monthly generation level through net metering. The scheme targets 10 million household installations and has been a major driver of residential rooftop solar demand in 2025 and 2026.
Q: What is the difference between mono PERC and TOPCon solar panels?
A: Mono PERC or Passivated Emitter and Rear Cell panels are the most widely deployed solar panel technology in 2026, offering efficiencies of 20 to 22 percent. TOPCon or Tunnel Oxide Passivated Contact is the next-generation technology offering slightly higher efficiencies of 22 to 24 percent, better performance in low-light conditions, and lower temperature coefficient. TOPCon panels are more expensive but deliver better lifetime energy yields, making them increasingly preferred for premium installations.
Q: Does India import solar panels or manufacture domestically?
A: India is rapidly scaling domestic solar manufacturing under its PLI scheme and domestic content requirement policies. Historically, China supplied most of India’s solar modules, but since the Basic Customs Duty of 40 percent was imposed on imported solar modules in April 2022, Indian manufacturers like Waaree, Adani Solar, Tata Power Solar, and Vikram Solar have significantly expanded capacity. India’s domestic manufacturing capacity now exceeds 60 GW annually and the government is targeting full self-sufficiency in solar panel manufacturing.
