GREW Solar, a rising force in India’s solar PV manufacturing sector and part of the Chiripal Group, has raised ₹300 crore in its latest funding round. The investment comes from a diverse group of backers, including renowned investors such as Vijay Kedia and Rohit Kothari of GeeCee Holdings.
The fresh capital will be directed towards product development, technological upgrades, and expanding manufacturing capabilities, as GREW Solar continues its journey toward becoming a global leader in clean energy solutions. Industry veterans Vijay Kedia and Rohit Kothari—known for identifying high-potential companies with strong fundamentals—have placed their confidence in GREW Solar’s vision and growth trajectory.
Vijay Kedia commented on the investment “My focus has always been on companies that combine integrity, a clear vision, and strong execution. GREW Solar reflects these attributes and is well-placed to capitalize on the rapid growth in India’s renewable energy sector, especially in solar manufacturing. It’s a company with the potential to deliver long-term value while supporting the country’s clean energy leadership.”
Rohit Kothari, speaking on behalf of GeeCee Holdings, added “We see GREW Solar as a future-ready business with deep technological strength and forward-thinking leadership. As India pushes ahead on its green energy goals, companies like GREW will be pivotal. Our investment reflects our commitment to supporting innovation in sustainable energy.”
The funding round underscores the growing investor confidence not only in GREW Solar’s capabilities but also in the broader potential of India’s renewable energy sector. With global momentum building around sustainability and clean technology, the backing of such respected investors signals optimism for long-term growth.
Vinay Thadani, Director & CEO of GREW Solar, stated “We are proud to welcome Mr Kedia and Mr Kothari to our investor family. Their support is a strong validation of our strategy and reinforces our mission to create a future-ready solar ecosystem. This investment will accelerate our next phase of expansion and strengthen our role in advancing India’s green energy transition.”
Founded in 2022, GREW Solar has swiftly emerged as one of India’s most promising solar module manufacturers. Backed by the Chiripal Group’s five-decade legacy in manufacturing, the company commissioned 1.2 GW of PV module capacity at its facility in Dudu, Rajasthan within its first year. By 2025, it scaled up to 3.0 GW, delivering advanced M10 TOPCon modules up to 590 Wp in output.
Now, GREW is expanding its Dudu facility to a massive 11.0 GW, positioning it among the country’s largest integrated solar PV manufacturing plants. This site features AI-enabled production systems and an in-house R&D center focused on innovation and efficiency.
Looking ahead, GREW Solar is set to establish a 3.0 GW solar PV cell manufacturing plant in Narmadapuram, Madhya Pradesh, with plans to scale it to 8.0 GW by the end of 2026—achieving full backward integration and further solidifying its leadership in the solar value chain. With a strong foundation, strategic investor support, and an ambitious roadmap, GREW Solar is well-positioned to help power India’s clean energy future.
