Goldi Solar, a leading solar energy brand in India, has announced an ambitious plan to expand its manufacturing capacity. The company intends to increase its solar module production from the current 3 GW to 14 GW by mid-FY26. Additionally, it aims to establish a 4 GW solar cell manufacturing capacity by FY27, reducing dependency on imports and bolstering India’s solar infrastructure.
This expansion will enhance Goldi Solar’s manufacturing processes, improve production efficiency, and open up new market opportunities across North, East, and South India. To support this growth, the company plans to hire over 4,000 employees, furthering its commitment to delivering high-quality solar solutions in response to increasing market demand.
Capt. Ishver Dholakiya, Managing Director and Founder of Goldi Solar, commented, “This capacity expansion is a pivotal moment for us. It’s not just about increasing production but about positioning Goldi Solar as a leader in renewable energy innovation. We’re focused on advancing solar technology to empower industries and communities while helping India move toward energy independence.”
Goldi Solar has experienced significant growth in recent years, with revenue rising from ₹600 crore in FY22 to ₹1,750 crore in FY24, representing a 191.67% increase over three years. The company’s current order book stands at approximately ₹5,350 crore, including ₹4,550 crore in module manufacturing and ₹800 crore in EPC contracts.
Dholakiya also emphasized the importance of new leadership and talent joining the company to foster innovation and set new standards in the solar industry. The planned expansion will take place at a new facility in Kosamba, Gujarat, adding to the company’s existing plants in Pipodara and Navsari, which currently have a combined capacity of 3 GW. As global efforts to combat climate change intensify, Goldi Solar is well-positioned to play a key role in the transition to sustainable energy, supporting India’s renewable energy goals.
Goldi Solar is a leading Indian solar energy company specializing in the manufacturing of high-quality solar photovoltaic (PV) modules. Founded in 2011, the company has rapidly established itself as a prominent player in the renewable energy sector, contributing significantly to India’s solar power generation capacity.
Goldi Solar is committed to promoting sustainable energy solutions by providing innovative and efficient solar products that cater to residential, commercial, and industrial applications. With a strong focus on research and development, the company emphasizes quality and reliability, ensuring its products meet international standards. Goldi Solar also actively participates in various initiatives to expand solar adoption in India and beyond, driving the transition towards a greener, more sustainable future.
