Loom Solar crosses INR 1,000 crore turnover milestone

Indian solar manufacturer Loom Solar has reported annual turnover exceeding INR 1,000 crore.

The company said the milestone reflects its expansion from a startup focused on solar energy access in rural and smaller urban markets to a solar solutions provider serving rooftop, commercial, and utility-scale segments.

Founded in 2018, the company manufactures SHARK bifacial, TOPCon, and HJT solar modules, CAML battery energy storage systems, and FUSION hybrid inverters in India.

“When we founded Loom nearly eight years ago, solar energy in India was largely confined to select urban pockets and a limited set of government-driven projects,” said Amod Anand, co-founder and director of Loom Solar. “Today, crossing INR 1,000 crore in turnover is not just a business milestone; it is proof that the vision of democratising solar energy in India was right all along.”

Loom Solar operates integrated manufacturing facilities for PV modules, inverters, and storage systems and is targeting production capacities of 1.2 GW for solar modules and 1 GW for inverters by 2026.

Backed by a team of over 300 skilled professionals, Loom Solar’s pan-India footprint spans six regional warehouses in Mumbai, Chennai, Kolkata, Lucknow, and two in Faridabad, supported by 15,000+ channel partners, 500 distributors, and dedicated service teams. The company has also expanded globally, exporting to 11 countries.

“Over the past eight years, we have consistently introduced technologies and product categories that were entirely new to the Indian market,” Anand said. “Our evolution — from first-generation mono modules to advanced TOPCon and HJT solar panels, integrated BESS, and Fusion Hybrid Inverters — closely mirrors India’s own solar transformation: from a nascent, project-driven sector to a mature, consumer-led industry.” 

The company said it aims to deploy solar modules and battery energy storage systems in more than one million homes by 2030, aligned with government programmes including PM Surya Ghar Muft Bijli Yojana and PM-KUSUM.

Loom Solar said it has served more than 100,000 customers and is expanding its product portfolio and service network to meet growing residential and commercial solar demand.