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Our Key Strengths

We are one of the largest Indian solar PV module manufacturers with 2.5 GW (inclusive of trial production i.e. which is not yet commercially available) capacity having strong presence in domestic and international markets along with a large order book providing clear visibility on future growth.

According to CRISIL, we are also the only manufacturer with capacity greater than 1.5 GW having presence in eastern and southern parts of the country which further facilitates direct access to distributors and their network, as of December 31, 2021. In addition to India, we also have a sales office in the United States of America and a procurement office in China. We have also supplied solar PV modules to customers in 32 countries, as of December 31, 2021.

We have strong brand recognition with an established track record

We are well known for providing high quality products and services with a strong execution experience, as evidenced by our performance in the reliability testing by Photo-voltaic evolution labs (PVEL) where we have emerged as a top performer in four out of the last five years and our inclusion in Tier 1 solar PV modules manufacturer list of BloombergNEF.

Our business and operations are supported by macroeconomic factors and a favourable regulatory landscape.

Among all commercially available renewable energy sources in India, solar energy potential is the highest. (Source: CRISIL Report) India’s real GDP is forecast to grow by 9.2% in Fiscal 2022 and one of the key factors driving the power demand in India is the GDP growth. (Source: CRISIL Report) This drives a correlation to businesses specializing in solar energy and hence, we are well-positioned to take advantage of these growth opportunities. Further, according to CRISIL, GDP growth, transformation capacity expansion, intensive rural electrification, and manufacturing & large scale infrastructure push are drivers influencing power demand. According to CRISIL, India’s power demand is expected to grow at a CAGR of 4-5% between Fiscal 2022 and 2026 highlighting a significant potential for growth in the Indian electricity sector.

We have a track record of being an early adopter in technology with manufacturing facilities based on global best practices

Our manufacturing units are automated, utilising equipment and technologies from Japan, Germany, United States of America and Switzerland. Further, our operations at Falta are certified under ISO 14001:2015 standard for environment management and the ISO 45001:2018 standard for occupational health and safety management systems implementation. Further, the quality management systems at Falta are certified ISO 9001:2015.

With quality at the core of our ethos, our high-quality solar PV modules are backed by rigorous testing and robust quality control systems. For instance, our PV modules undergo real-world simulated tests like thermal cycling, Potential Induced Degradation (PID), Light Induced Degradation, damp heat and mechanical load test. Our solar PV modules are also subjected to reliability testing by Photo-voltaic evolution labs (PVEL) to ensure that they meet international quality and performance benchmarks and we have emerged as a top performer four out of the last five years. As a result, our solar PV modules, using anti-reflective coated tempered glass, offer high visible light transmittance of 94.00% which enhances PV module power performance. Further, quality certifications are imperative to our customers and our solar PV modules are certified by multiple international certification bodies such as Technischer Überwachungsverein (“TÜV”), Bureau of Indian Standards (“BIS”) and Underwriter Laboratories (“UL”) for quality and performance such as IEC 61215, IEC 61730, UL 1703 and BIS 14286 which makes our products acceptable to international customers. We have also obtained domestic product certification IS 14286 (Crystalline Silicon Terrestrial Photovoltaic (PV) modules – Si wafer based)

Our processes are optimized through practice of lean manufacturing and Six Sigma methods, which is a data-driven tool for process improvement with a primary focus on eliminating defects and variation from organizational processes.