Goldi Solar, a leading solar PV module manufacturer with a current annual capacity of 14.7 GW, has received a significant growth capital infusion of ₹1,422 crore in funding. The funding round is led by Havells India Limited along with participation from multiple strategic investors including high-net-worth individuals, institutional entities, and industry leaders.
With this partnership, Havells aims to fuel faster adoption of high-efficiency solar technology and support India’s mission of achieving large-scale clean energy transformation. The collaboration reflects growing industry confidence in India’s renewable power sector.
Investors Support Growth
Along with Havells, other key investors participating in the round include Ambit Wealth Private Limited, Nikhil Kamath, Shahi Exports Private Limited, SRF Transnational Holdings Limited, Karmav Real Estate Holdings LLP, NSFO Ventures LLP, and Godwitt Construction Private Limited.
SBI Capital Markets Limited advised the transaction while Saraf and Partners acted as company counsel to ensure solid governance, compliance, and strategic transparency.
Investment Fuels Expansion Plans
The company stated that the fresh capital will be used for multiple scale-up initiatives such as manufacturing expansion, strengthening backward integration with solar cell production, and accelerating technological innovation in high-efficiency modules.
Additionally, the funding will support stronger go-to-market operations to position Goldi Solar as a leading global renewable player capable of delivering solutions beyond India.
Leadership Expresses Optimism
Capt. Ishver Dholakiya, Founder and Managing Director of Goldi Solar, described the investment as a major milestone in the company’s journey. He highlighted that with strong backing from strategic partners like Havells, the company can now set new benchmarks in sustainability, performance, and governance.
He said the shared vision between the investors and the company will help drive the next wave of clean-energy growth and allow Goldi Solar to contribute meaningfully to the global renewable energy transition.
Goldi Solar has witnessed impressive expansion within the last year, increasing its solar PV module manufacturing capacity from 3 GW to 14.7 GW. The company is also advancing its solar cell production capabilities in Surat, Gujarat, reinforcing India’s push for localised clean-tech manufacturing.
Funding in Renewable Space
India’s renewable energy sector continues to attract strong investor interest, particularly companies building homegrown manufacturing ecosystems. Funding in climate technology and clean energy infrastructure is seen rising steadily as the country aims to meet ambitious national carbon reduction and sustainability goals.
Investments like this reinforce the shift toward self-reliant and innovative energy solutions led by Indian technology manufacturers.
