GREW Solar Raises ₹300 Crore From Diverse Investors Including Market Veterans Vijay Kedia And Rohit Kothari

GREW Solar, one of India’s youngest and fastest-growing solar PV manufacturers under the Chiripal Group, has raised Rs. 300 crores from a diverse group of investors, including well-known names such as Vijay Kedia and Rohit Kothari of GeeCee Holdings. This funding round reflects strong investor confidence in the company’s growth trajectory and the renewable energy sector as a whole. The capital will be used to develop new products, strengthen technological infrastructure, and support GREW Solar’s expansion plans as it works towards becoming a global leader in sustainable energy.

The participation of marquee investors like Vijay Kedia and Rohit Kothari is significant, given their reputation for backing companies with robust fundamentals and long-term growth potential. Their investment in GREW Solar highlights growing optimism around the company’s performance and signals bullishness in India’s renewable energy industry at a time when the country is accelerating its push toward energy independence and green manufacturing.

Since its inception in 2022, GREW Solar has made rapid strides in the solar manufacturing sector. In its first year, it launched M10 modules of up to 550 Wp and commissioned 1.2 GW of PV module manufacturing capacity at Dudu, Rajasthan. By 2025, the company had scaled its operational capacity to 3.0 GW, delivering advanced M10 TOPCon modules with output of up to 590 Wp. GREW Solar is now expanding its Dudu facility into an 11.0 GW AI-powered integrated solar PV module manufacturing plant, equipped with a state-of-the-art R&D laboratory.

Vijay Kedia said, “I invest in companies that are built on integrity, vision, and execution strength. GREW Solar embodies these values and is well-positioned to ride India’s renewable energy wave, particularly in solar manufacturing. It has the potential to create long-term value for investors while advancing India’s leadership in clean energy.”

Mr. Rohit Kothari of GeeCee Holdings mentioned, “GeeCee Holdings trusts GREW Solar’s commitment to drive its next phase of growth, backed by strong technology capabilities and visionary leadership. In alignment with India’s clean energy agenda and global sustainability goals, we believe renewable energy is the future. We remain steadfast in supporting GREW Solar’s journey as they scale and create lasting impact.”

Vinay Thadani, Director & CEO of GREW Solar, also added, “We are honoured to welcome Mr. Kedia and Mr. Kothari on the cap table and thankful for their trust in our journey. These investments validate our strategy and motivate us to build a robust solar ecosystem that powers India’s green ambitions. This will fuel our next phase of growth and strengthen our commitment to contribute meaningfully to India’s renewable energy goals.”

Looking ahead, the company is also setting up a 3.0 GW solar PV cell manufacturing plant at Narmadapuram, Madhya Pradesh, which will be further expanded to 8.0 GW by the end of 2026. This expansion marks a significant step toward backward integration, strengthening GREW’s manufacturing ecosystem and positioning it as one of India’s largest and most technologically advanced solar PV manufacturers.

Backed by the Chiripal Group’s 52-year legacy of manufacturing excellence, GREW Solar has quickly gained recognition as a rising player in India’s renewable energy sector. With strong investor support, ambitious expansion plans, and a clear focus on sustainable manufacturing, GREW Solar is well-positioned to play a pivotal role in India’s clean energy journey and contribute meaningfully to the nation’s vision of energy independence and a greener future.