Crompton Greaves Consumer Electricals Ltd, a prominent player in India’s consumer electricals sector, has announced a major step forward with its first large solar rooftop order worth ₹52 crore. The project, based in Telangana, marks Crompton’s official entry into India’s fast-growing rooftop solar segment — currently estimated at ₹20,000–₹25,000 crore and expanding at over 20% annually.
This development reflects Crompton’s broader business strategy to move into newer, high-potential sectors that align with the country’s push towards renewable energy and sustainable growth. The company aims to significantly increase its Total Addressable Market (TAM) from its current range of ₹75,000 crore–₹1 lakh crore to nearly ₹2 lakh crore, with solar rooftops and solar pumps forming a major part of that expansion.
Crompton’s entry into rooftop solar is backed by its strong brand recognition, wide dealer network, and proven ability to scale across categories. With this order, the company has taken a clear step into a sector that not only promises long-term growth but also supports India’s transition to clean energy.
Commenting on the development, Promeet Ghosh, Managing Director & CEO of Crompton Greaves Consumer Electricals Ltd, said “Solar rooftops represent a high-impact area in India’s energy transition. This project is a key milestone in our efforts to diversify our business while supporting the country’s renewable goals. With our strong brand, product quality, and nationwide reach, we see significant headroom for growth in this space.”
He further added “This first order validates our entry strategy and opens the door to larger opportunities. We are already seeing strong traction in solar pumps, and the rooftop solar segment will further strengthen our position in the renewable space. The potential of this market is considerable, and we are fully committed to building a meaningful presence.”
Crompton’s move into solar is not a standalone initiative but part of a larger plan to build a sustainable and future-ready business. The combined potential of the solar pump and rooftop segments—estimated between ₹40,000–₹50,000 crore—offers the company a strong platform for long-term growth.
Beyond product expansion, this diversification supports Crompton’s Environmental, Social, and Governance (ESG) priorities. By investing in clean energy technologies, the company reinforces its intent to be a responsible industry leader that actively contributes to national sustainability goals.
With a history of more than 85 years, Crompton is best known for its leadership in fans and residential water pumps. The company’s portfolio also includes lighting, water heaters, kitchen appliances, and other home products. Over the years, Crompton has invested heavily in R&D, brand development, and energy-efficient innovation.
Its efforts have earned multiple recognitions, including three National Energy Conservation Awards (NECA) from the Bureau of Energy Efficiency, Ministry of Power. Most recently, the company was honored by the President of India in 2023 for its energy-efficient storage water heaters. Additional accolades include inclusion in Deloitte’s Best Managed Companies (2022), Dun & Bradstreet’s Top 500 Companies, and WPP-Kantar’s Top 75 Indian Brands list.
This first solar rooftop project sets the stage for Crompton to expand further in the renewable energy space. With growing demand, government support, and rising awareness about sustainability, Crompton’s entry into the segment comes at a timely moment — positioning it to serve both consumers and institutions looking for efficient, future-proof energy solutions. As India continues its push towards clean energy, Crompton aims to play a larger role — not just as a product manufacturer, but as a partner in the country’s broader energy transformation.
