Top 10 Solar Panel Manufacturers in India (2026 Guide)

India is racing toward its ambitious goal of 500 GW of renewable energy capacity by 2030, and solar power is at the heart of this transition. As electricity tariffs rise steadily and climate awareness deepens, millions of homes, factories, and commercial establishments are making the switch to clean energy. But the performance and longevity of your solar investment depend significantly on which manufacturer's panels power your system. Choosing from the top solar panel manufacturers in India ensures higher module efficiency, stronger warranties, and reliable after-sales support. This comprehensive guide covers the 10 most trusted solar panel companies in India, starting with Rishika Kraft, a leading solar EPC and manufacturing solutions provider based in Gurgaon, so you can make a confident, well-informed decision for your next solar project.

Why Choosing the Right Solar Panel Manufacturer in India Matters

India's solar module manufacturing capacity has grown to approximately 74 GW as of early 2025, with dozens of competing brands in the market. Not all manufacturers deliver the same efficiency ratings, certification standards, or service reliability. Choosing a trusted manufacturer means getting panels certified by MNRE (Ministry of New and Renewable Energy), BIS (Bureau of Indian Standards), and listed under the ALMM (Approved List of Models and Manufacturers). These certifications protect your investment, ensure eligibility for government subsidies, and guarantee your panels qualify for DISCOM net-metering approvals. To understand how government support can significantly reduce your upfront costs, explore the 5 best government subsidies for solar panels in India.

Top 10 Solar Panel Manufacturers in India 

1. Rishika Kraft – Gurgaon's Most Trusted Solar EPC & Solutions Company

Rishika Kraft is one of the most trusted names in India's solar energy sector, founded in 2017 and headquartered at M3M Corner Walk, Sector 74, Gurgaon, Haryana. As a comprehensive solar energy company in Gurgaon, Rishika Kraft engineers, finances, and installs scalable photovoltaic (PV) systems for industrial, commercial, and residential clients across India. With an operational footprint spanning 13+ Indian states, 300+ solar projects commissioned, 1.5 MW+ of active projects under execution, and 40 MW+ of system designs delivered, Rishika Kraft brings unmatched project depth and technical expertise to every engagement. The company works exclusively with Tier-1, MNRE-approved, ALMM-listed panel manufacturers and integrates high-efficiency solar modules with advanced inverter technology and robust mounting infrastructure tailored to each client's specific kWh consumption profile.

What sets Rishika Kraft apart is its end-to-end EPC model — covering site feasibility audits, custom PV system design, DISCOM net-metering approvals, physical installation, and lifecycle O&M services. The company also facilitates capital financing through leading banks and NBFCs, offering easy EMI plans for system capacities from 5 kW to 500 kW. Whether you are a homeowner seeking a residential solar panel installation in Gurgaon, a corporation optimising its energy costs with a commercial solar plant, or a manufacturer deploying a megawatt-scale industrial solar plant, Rishika Kraft delivers high-yield solar infrastructure designed for long-term performance and maximum ROI.

Key Highlights:

• Founded 2017; headquartered in Gurgaon, Haryana
• 300+ solar projects commissioned across 13+ states
• End-to-end EPC: design, procurement, installation, O&M
• Residential, commercial, and industrial solar solutions
• EMI financing from 5 kW to 500 kW
• Empanelled Channel Partner with MNRE-approved manufacturers
• Clients include DLF, Emaar, NBCC, Indiabulls, Power Grid & more

2. Waaree Energies – India's Largest Solar Module Manufacturer

Waaree Energies is India's largest solar panel manufacturer, with a module production capacity exceeding 12 GW as of 2025. Founded in 1990 and headquartered in Mumbai, Waaree produces monocrystalline, polycrystalline, HJT, and TOPCon panels for residential, commercial, and utility-scale projects. The company exports to over 68 countries and provides customised EPC solutions tailored to client energy profiles. Its panels are among the most widely deployed across Delhi NCR solar projects, making Waaree a trusted supply partner for Rishika Kraft installations.

Key Highlights:

• Manufacturing capacity: 12+ GW
• Panel types: Mono PERC, HJT, TOPCon, Bifacial
• Exports to 68+ countries
• MNRE and ALMM approved

3. Adani Solar – India's Most Vertically Integrated Solar Manufacturer

Adani Solar, part of the Adani Group, manages the complete solar value chain — from polysilicon and wafers to cells and finished modules. Its Mundra, Gujarat plant has a 4+ GW capacity, targeting 10 GW. The company produces ALMM-approved mono-PERC and TOPCon modules up to 600 Wp and has delivered landmark projects including the 2 GW Kamuthi Solar Power Project. Its vertically integrated model ensures rigorous quality control, making it the preferred choice for large-scale commercial and industrial solar projects.

Key Highlights:

• Manufacturing capacity: 4+ GW (targeting 10 GW)
• Full value chain: polysilicon to modules
• Modules rated up to 600 Wp
• ALMM listed, MNRE approved

4. Tata Power Solar – India's Most Trusted Solar Brand Since 1989

Tata Power Solar Systems (TPSS), part of the Tata Group, has been manufacturing solar panels since 1989, making it India's oldest trusted solar brand. With 4+ GW module capacity, it produces high-efficiency mono-PERC and bifacial panels alongside comprehensive EPC services. The company has completed over 1.5 GW of rooftop installations — more than any other Indian brand. For homeowners evaluating costs, our guide on solar panel installation costs in India provides a clear financial overview.

Key Highlights:

• Manufacturing capacity: 4+ GW
• 1.5 GW rooftop installations completed nationally
• Pioneer in Indian solar since 1989
• Strong pan-India service and O&M network

5. Vikram Solar – Globally Recognised Tier-1 Manufacturer

Vikram Solar, founded in 2006 and based in Kolkata, holds Tier-1 status and exports to over 39 countries. With 4.5 GW manufacturing capacity, it specialises in bifacial, half-cut cell, PERC, TOPCon, and HJT modules. The company has shipped 5.4 GW globally and supplied panels for NTPC's floating solar plant. Buyers comparing commercial and industrial solar options will find Vikram Solar's certified, bankable module range covers both segments comprehensively.

Key Highlights:

• Manufacturing capacity: 4.5 GW, Tier-1 status
• Exports to 39+ countries
• Advanced technologies: TOPCon, HJT, Bifacial
• Supplied modules for NTPC landmark projects

6. Premier Energies – Fast-Growing Supplier for Utility-Scale Projects

Premier Energies, headquartered in Hyderabad, is one of India's fastest-growing solar module manufacturers. In 2024, it received an NTPC order worth INR 1,700 crores to supply 608 MW of bifacial PV modules for Rajasthan's Nokh Solar Project, plus an additional 350 MW deal. Known for precision engineering and stringent quality testing, Premier Energies has rapidly built a credible order book with marquee clients like NTPC and Apraava Energy, positioning itself as a dependable long-term partner for large-scale bifacial module procurement.

Key Highlights:

• Major NTPC supplier: 608 MW bifacial modules
• Strong utility-scale project track record
• Rapidly expanding manufacturing capacity
• Headquartered in Hyderabad

7. Emmvee Solar – High-Performance Modules with Global Reliability Certifications

Emmvee Solar, based in Bangalore, manufactures high-performance PV modules and industrial solar systems with a production capacity of 6.6 GW. The company is recognised for passing some of the world's most stringent reliability tests and maintains a strong European EPC presence. Its internationally certified modules are particularly suited to utility-scale and industrial deployments where long-term durability is non-negotiable — a key criterion in Rishika Kraft's solar system design process for industrial clients.

Key Highlights:

• Manufacturing capacity: 6.6 GW
• Passes stringent global reliability certifications
• Strong European EPC presence
• Ideal for utility-scale and industrial deployments

8. Rayzon Solar – Rising Force in TOPCon Technology

Rayzon Solar, established in 2017 in Surat, Gujarat, has rapidly grown into a 6 GW TOPCon solar panel manufacturer with over 1,000 customers across India and international markets. The company holds globally recognised quality certifications and emphasises buyer education on installation, cleaning, and maintenance — improving system longevity. For buyers following a step-by-step solar panel installation guide, Rayzon's TOPCon panels deliver premium efficiency at a competitive domestic price.

Key Highlights:

• Manufacturing capacity: 6 GW (TOPCon specialisation)
• 1,000+ customers across India and global markets
• Founded 2017; rapid capacity and market growth
• Competitively priced high-efficiency TOPCon modules

9. Loom Solar – India's Most Consumer-Friendly Solar Brand

Loom Solar is one of India's most recognised consumer solar brands, offering panels, lithium batteries, inverters, and complete solar kits as a one-stop solution for homeowners. Its strong digital presence and easy online ordering make solar adoption simple for first-time buyers, especially in Tier-2 and Tier-3 cities. To assess whether solar makes financial sense for your home, our guide on whether solar panel costs in India are worth the investment provides a clear payback analysis.

Key Highlights:

• Popular for residential and off-grid solar
• Complete solar kits: panels + batteries + inverter
• Strong digital presence and easy online procurement
• Growing Tier-2 and Tier-3 city footprint

10. INA Solar – High-Growth Manufacturer Targeting 8 GW by 2027

INA Solar, based in Jaipur, Rajasthan, recorded an impressive 81% revenue growth in 2024 and is targeting 8 GW module and 3 GW cell manufacturing capacity by 2027. The company produces advanced Mono PERC and TOPCon modules and is expanding aggressively into both domestic and export markets. Its strategic Rajasthan base offers supply chain advantages for North India projects. For sizing guidance, our 3kW solar panel system cost and subsidy guide is a helpful starting point.

Key Highlights:

• 81% revenue growth recorded in 2024
• Target: 8 GW modules + 3 GW cells by 2027
• Advanced Mono PERC and TOPCon modules
• Strategic location in Rajasthan's solar manufacturing belt

How to Choose the Best Solar Panel Manufacturer in India

Selecting the right solar panel manufacturer requires matching the product to your specific energy goals, available roof or land space, and budget. Here are the key factors to evaluate before finalising your purchase:

• MNRE and ALMM Certification: Only buy panels from manufacturers listed on the MNRE's Approved List of Models and Manufacturers (ALMM). This is mandatory for PM Surya Ghar Muft Bijli Yojana subsidy eligibility. Rishika Kraft guides every client through solar subsidy eligibility and application as part of its standard EPC process.
   
• Panel Efficiency: For residential installations, target a minimum of 20% efficiency in mono-PERC or TOPCon panels. Higher efficiency means more power from a smaller rooftop area — critical in urban Delhi NCR where usable roof space is often limited.
   
• Warranty Terms: A reliable manufacturer should offer a 25-year linear performance warranty and a minimum 10-year product warranty covering manufacturing defects.
   
• After-Sales Service Network: Verify whether the manufacturer or its authorised dealer has a strong service presence in your city. Poor service access can mean extended system downtime when issues arise.
   
• Technology Type: TOPCon and HJT panels offer superior efficiency and low-light performance at a modest cost premium. Standard Mono PERC panels are cost-effective for most residential and commercial applications.
   
• Supply Chain Reliability: Larger manufacturers with higher production capacity maintain more stable supply chains and shorter lead times, critical for commercial and industrial project deadlines.

For a full breakdown of technology options available in India today, read our guide on different types of solar panels and how to choose the best option.

What Is the Current Price Range of Solar Panels from Top Indian Manufacturers?

Solar panel prices in India vary by technology, wattage, and brand. Below is a general price reference for 2025–2026:

For a standard 3 kW residential system, total installed cost typically ranges between ₹1.2 lakh and ₹2.2 lakh depending on panel brand and technology choice. Rishika Kraft provides free site assessments and transparent cost proposals, use our solar calculator to get an instant estimate for your property.

Which Solar Panel Brand Is Best for Residential Use in India?

For residential buyers in India, the best solar panel brands balance efficiency, price, warranty, and service accessibility. Tata Power Solar is widely regarded as the most trusted option for homeowners due to its 35+ year legacy and pan-India service network. Waaree Energies offers a wider technology range at competitive pricing. Loom Solar is preferred for buyers in smaller cities who want complete solar kits with easy online access. Rayzon Solar is gaining ground for its competitively priced, high-efficiency TOPCon panels. Rishika Kraft's residential solar installation service sources exclusively from these Tier-1 manufacturers and manages the full installation, subsidy application, and net-metering process on behalf of homeowners, making the transition to solar completely hassle-free.

Which Solar Panel Brand Is Best for Commercial and Industrial Projects?

For commercial and industrial (C&I) solar installations above 50 kW, module degradation rates, bankability, and supply chain stability become paramount. Adani Solar leads for large-scale projects given its vertically integrated manufacturing and proven gigawatt-scale deployment track record. Vikram Solar and Emmvee Solar are favoured for their international certifications and consistent utility-scale performance data. Premier Energies has become a reliable C&I supplier after winning major NTPC contracts. Rishika Kraft's commercial solar and industrial solar divisions source from these manufacturers exclusively, ensuring bankable, high-yield systems for every project. For a deeper understanding of how these project types differ, read our blog on commercial vs. industrial solar — knowing the power players.

Conclusion

India's solar manufacturing ecosystem has matured into a world-class industry, and buyers today have access to certified, high-efficiency panels from trusted domestic manufacturers at increasingly competitive prices. Whether you are a homeowner installing a 3 kW rooftop system, a business deploying a 200 kW commercial plant, or an industrial facility planning a megawatt-scale installation, the top 10 solar panel manufacturers in India covered in this guide offer reliable, certified, and efficient options for every requirement. Always verify MNRE and ALMM certification, compare warranty terms, and assess local service availability before finalising your purchase. For end-to-end guidance — from site evaluation and manufacturer selection to installation, subsidy management, and grid commissioning — contact Rishika Kraft today. As Gurgaon's most trusted solar energy company, we design and deliver high-yield solar systems that generate real returns from day one.

Frequently Asked Questions (FAQs)

Q1. Which is the best solar panel company in India for installation in Gurgaon and Delhi NCR?

Rishika Kraft is the premier solar installation company in Gurgaon and Delhi NCR, with over 300 completed projects across 13 states. They provide end-to-end EPC and O&M services using top-tier, MNRE-approved brands for homes and businesses. 

Q2. Which is the No. 1 solar panel manufacturer in India by capacity?

Waaree Energies is India's leading manufacturer by capacity, exceeding 12 GW. Meanwhile, Adani Solar is the most vertically integrated company, and Tata Power Solar remains the most trusted brand for residential buyers due to its extensive 35-year legacy. 

Q3. What certifications should I check before buying solar panels in India?

Ensure panels have MNRE approval, BIS certification, and IEC standards. Checking the ALMM (Approved List of Models and Manufacturers) listing is also critical if you plan to claim the residential subsidy under the PM Surya Ghar Muft Bijli Yojana. 

Q4. What is the difference between TOPCon and Mono PERC solar panels?

Mono PERC panels offer 20–22% efficiency at a budget-friendly price. Next-generation TOPCon panels cost 15–20% more but hit 22–24% efficiency, performing better in low light and high temperatures to maximize tight rooftop spaces. 

Q5. How long do solar panels from Indian manufacturers last?

Tier-1 solar panels last 25 to 30 years. Major Indian manufacturers offer a 10-year product warranty alongside a 25-year linear performance warranty, ensuring the system still generates at least 80% of its original power output by year 25.