Vikram Solar Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as ‘International Leather Clothiers Private Limited’ as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated December 2, 2005, issued by the Registrar of Companies, West Bengal at Kolkata (“RoC”). As our Company opted to discontinue dealing in leather goods and decided to focus on clothing items, the name of our Company was changed from ‘International Leather Clothiers Private Limited’ to ‘International Clothiers India Private Limited’ pursuant to which a fresh certificate of incorporation consequent upon change of name was issued by the RoC dated May 10, 2006. Thereafter, following the acquisition of ‘International Clothiers India Private Limited’ by the Vikram Group, our Company’s line of business was decided to be transitioned from that of clothing items to solar energy and to accurately reflect its new business activity and its affiliation with the Vikram Group , the name of our Company was changed from ‘International Clothiers India Private Limited’ to ‘Vikram Solar Private Limited’ pursuant to which a fresh certificate of incorporation consequent upon change of name was issued by the RoC dated September 3, 2008. Subsequently, our Company was converted from a private limited company to a public limited company and a fresh certificate of incorporation consequent upon conversion from private to public company dated August 22, 2017 was issued by the RoC and the name of our Company was changed from ‘Vikram Solar Private Limited’ to ‘Vikram Solar Limited’.

2005

- Our Company was incorporated as ‘International Leather Clothiers Private Limited’ at Kolkata, West Bengal

2009

- Supplied, installed and commissioned 1st phase of 500 KW solar power plant at Solar Park Kottenheim, Germany

2012

- Supplied, installed and commissioned 2 MW grid connected solar power plant on turnkey basis in Chhattisgarh Design, engineering, supply, installation, commissioning, operation and maintenance of 1 MW grid connected solar power plant on a turnkey basis in Odisha

2013

- Installed a 100 KWp solar PV Plant on the rooftop of the arrival terminal block of the Cochin International Airport., making it the world’s first airport to completely operate on solar power

2014

- Ranked as Tier-1 PV Module Maker in the Bloomberg NEF rankings as of quarter 1 of 2014.

- First Company in India to install and commission a 10kW experimental grid tied floating solar PV generating station

2015

- Reached 500MW production capacity

2017

- Our Company was ranked as the KIWA PVEL ‘Top Performer’ in the 2017 PVEL PV Module Reliability Scorecard.

- Reached 1,000 MW production capacity

2018

- Commissioned a 200 MW grid connected solar PV project in Andhra Pradesh for the Andhra Pradesh Power Generation Corporation Limited

2019

- Commissioned a 2.15 MW grid connected rooftop solar PV plant in Kolkata

2021

- Fourth time Potential – Induced Degradation (PID) top performer in the 2021 PVEL PV Model Reliability Scorecard

- Reached 2,500 MW cumulative annual rated production capacity (inclusive of trial production i.e. which is not yet commercially available)

2022

- Our Company obtained a 350 MW module supply contract in the US 

- Reached 3,500 MW cumulative annual rated production capacity

- Our Company was certified for M10 and G12 cell modules by TUV Rheinland, UL 61730: 1&2: 2022 for our factories at Panaiyur Village, Kanchipuram, India and Falta SEZ

2023

- Our Company was awarded a contract by NTPC for supply of plant and equipment and local transportation for a 152 MW SPV Module Package of Nokh Solar Project in Rajasthan

- Reached 3,500 MW cumulative annual rated production capacity

2024

- Ranked as Tier-1 PV Module Maker in the Bloomberg NEF rankings as of four quarters of 2024

- Our Company was awarded a contract by NTPC Renewable Energy Limited (a wholly owned subsidiary of NTPC) for supply of Solar PV Modules for 1255 MW Khavda Solar Project for a quoted capacity of 397.7 MW

- Launched PV module with n-type monocrystalline cell and heterojunction (HJT)

- Our Company was ranked as the KIWA PVEL ‘Top Performer’ for the 7th time in the 2024 PVEL PV Module Reliability Scorecard

2025

- Reached 4,500 MW cumulative annual rated production capacity

- Our Company entered into a sponsorship agreement with Knight Riders Sports Private Limited thereby acting as the official sponsor or associate sponsor of the cricket team operated by Knight Riders Sports Private Limited for the Indian Premier League governed by the Board of Control for Cricket in India

- Ranked as Tier-1 PV Module Maker in the Bloomberg NEF rankings as of first quarter of 2025