Gautam Solar Upgrades to ‘CRISIL A-/Stable ‘Long-term and ‘CRISIL A2+’ Short-term Ratings
The major upgrade to CRISIL A- is a true measure of Gautam Solar's strengthened business profile, strong financials and sustained track record of meeting its obligations
August 26, 2025. By News Bureau
The major upgrade to CRISIL A- is a true measure of Gautam Solar's strengthened business profile, strong financials and sustained track record of meeting its obligations. Gautam Solar has shown resilience and improvement over the years, with a stunning 200 per cent rise in revenue in the last three years underpinned by increased capacity, better utilisation and premium demand for products.
With a history of over 28 years in the solar sector, Gautam Solar has been profitable right from the start, consistently consolidating its market share. They have three decades of solar equipment manufacturing experience, including solar modules with 30 years of warranty, a commitment that is only possible with strong financial fundamentals. This has helped the company establish long-term relationships with its customers and achieve a healthy growth path, evident from its 72 per cent Compound Annual Growth Rate (CAGR) in the last three years.
Besides, this certification reflects its higher rating, further indicating its financial strength and capability to support the solar warranty period. Supportive government policies such as the Basic Customs Duty (BCD) have enhanced the competitiveness of local solar modules, resulting in a robust demand scenario for the firm's products. Gautam Solar has also grown its operations with a new modern manufacturing unit in Haryana's Bhiwani District that spreads over 60 acres of land.
Speaking on the milestone, Gautam Mohanka, CEO, Gautam Solar, said, "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 to large solar power projects, capitalising 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."
With its strong financial stability, established industry experience and growing production capabilities, Gautam Solar continues to stand out as a reliable and future-oriented solar module manufacturer, committed to powering India’s clean energy transition.
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