Zerodha co-founder Nikhil Kamath invests Rs 137.5 crore in Goldi Solar

Solar PV module manufacturing company Goldi Solar has secured a strategic investment of Rs 137.5 crore from zerodha co-founder Nikhil Kamath.

Goldi Star said in a press release that the funds will be used to expand into solar cell production.

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"Renewable energy in India is a massive sector, and there is an equally massive opportunity to build global-scale companies right here on our home ground. It is imperative that we back these companies to accelerate the country’s clean energy transition,” said investor Nikhil Kamath.

About Goldi Solar

Founded in 2011 by Ishverbhai Dholakia, Goldi Solar, based in Surat, Gujarat, says it is India’s largest solar module manufacturer, with 14 years of experience and advanced production facilities. In just 11–12 months, the company grew its module manufacturing capacity from 3 GW to 14.7 GW.

It is now entering large-scale solar cell manufacturing to cater to both domestic and international markets.

The company said it will focus on high-efficiency modules and advanced cell technologies, aiming at both domestic and export markets.

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For the year ending March 2024, Goldi Solar reported ₹1,756.36 crore in revenue and a profit of ₹59.38 crore. The FY25 annual report has not yet been filed.