Gautam Solar Private Limited (GSPL), having 28+ years of experience in solar module manufacturing, has received the long-term rating of CRISIL A-/Stable and a short-term rating of CRISIL A2+, a recognition that signifies the company’s financial strength, capability, longer-term reliability and bankability of its solar modules. Earlier, the firm had a CRISIL BBB+/Stable long-term and CRISIL A2 short-term rating. This achievement highlights the strong fundamentals of Gautam Solar and its solid growth trajectory, constantly strengthening its reputation as a reliable partner in the renewable energy market in India and as a provider of preferred modules for large projects.
The major upgrade to CRISIL A- is a true measure of Gautam Solar’s strengthened business profile, strong financials, and sustained track record of meeting its obligations. Gautam Solar has shown resilience and improvement over the years, with a stunning 200% rise in revenues in the last three years underpinned by increased capacity, better utilization, and premium demand for products.
With a history of over 28 years in the solar sector, Gautam Solar has been profitable right from the start, consistently consolidating its market share. They have three decades of solar equipment manufacturing experience, including solar modules with 30 years of warranty, a commitment that is only possible with strong financial fundamentals. This has helped the company establish long-term relationships with its customers and achieve a healthy growth path, evident from its 72% CAGR in the last 3 years. Besides, this newly achieved certification reflects its higher rating, further indicating its financial strength and capability to support the solar warranty period. Supportive government policies such as the Basic Customs Duty (BCD) have enhanced the competitiveness of local solar modules, resulting in a robust demand scenario for the firm’s products. Gautam Solar has also grown its operations with a new modern manufacturing unit in Haryana’s Bhiwani District that spreads over 60 acres of land.
Speaking on the milestone, Mr. Gautam Mohanka, CEO of Gautam Solar, said, “We are proud to have received the ‘CRISIL A-/Stable ‘long-term and ‘CRISIL A2+’ short-term ratings as they validate our business fundamentals and provide us with a badge of credibility, assuring our customers and the financial institutions we partner with. This achievement will assist us in supplying to large solar power projects, capitalizing on our credibility. With our strong financial position, the upcoming expansion, and commitment to sustainable growth, Gautam Solar has a strong future role in advancing India’s renewable energy goals.”
With its strong financial stability, established industry experience, and growing production capabilities, Gautam Solar continues to stand out as a reliable and future-oriented solar module manufacturer, committed to powering India’s clean energy transition.
About Gautam Solar
Gautam Solar (www.gautamsolar.com) is a leading Indian Solar Module Manufacturer with 28+ years of solar industry experience. It has multiple manufacturing units across the country. With its corporate office in New Delhi, India. Gautam Solar is targeting a solar module manufacturing capacity of 5 GWp by FY2025-26, up from its current capacity of 3.2 GWp. Using the latest machines and technology, Gautam Solar’s solar panels are manufactured using First-hand top line machines. It has multiple Patents & IPs registered in its name and is known for its technically superior and innovative solar modules.
