Gautam Solar Upgraded To CRISIL A-/Stable For Long-Term and CRISIL A2+ For Short-Term Ratings, Strengthening Financial Stability And Industry Leadership

Gautam Solar Private Limited, with more than 28 years of experience in solar module manufacturing, has received a significant upgrade in its credit ratings from CRISIL. The company’s long-term rating has been raised from CRISIL BBB+/Stable to CRISIL A-/Stable, while its short-term rating has improved from CRISIL A2 to CRISIL A2+. This recognition reflects Gautam Solar’s strong financial position, long-term reliability, and the growing bankability of its solar modules, making it a trusted partner for large-scale renewable energy projects in India.

The upgrade is a result of the company’s strengthened business profile, sound financials, and consistent ability to meet obligations. Gautam Solar has demonstrated resilience and steady improvement over the years, recording a revenue growth of 200 percent in the past three years. This growth has been driven by increased manufacturing capacity, better capacity utilization, and strong demand for its products. The company has also achieved a compound annual growth rate of 72 percent during this period, further underlining its robust performance.

With a history of over 28 years in the solar sector, Gautam Solar has been profitable from the beginning and has consistently consolidated its presence in the market. The company manufactures solar modules with a warranty of 30 years, a commitment made possible by its strong financial fundamentals and decades of expertise. This has helped Gautam Solar establish long-term relationships with customers and maintain a healthy growth trajectory.

Mr. Gautam Mohanka, CEO of Gautam Solar, stated, “We are proud to have received the ‘CRISIL A-/Stable ‘long-term and ‘CRISIL A2+’ short-term ratings as they validate our business fundamentals and provide us with a badge of credibility, assuring our customers and the financial institutions we partner with. This achievement will assist us in supplying large solar power projects, capitalizing on our credibility. With our strong financial position, the upcoming expansion, and commitment to sustainable growth, Gautam Solar has a strong future role in advancing India’s renewable energy goals.”

In addition to its established presence, Gautam Solar has expanded its operations with a modern manufacturing unit in Bhiwani district, Haryana, spread across 60 acres of land. The supportive policy environment, including the introduction of the Basic Customs Duty on imported modules, has further strengthened the competitiveness of domestic manufacturers and created strong demand for the company’s products.

With its upgraded ratings, financial stability, extensive industry experience, and expanding production capabilities, Gautam Solar continues to reinforce its position as a reliable and forward-looking solar module manufacturer. The company remains committed to supporting India’s clean energy transition and meeting the growing demand for sustainable energy solutions.