Goldi Solar Secures INR 1,422 Crore Growth Capital Led by Havells and Prominent Indian Investors
Goldi Solar has secured INR 1,422 crore in growth capital led by Havells India, alongside a consortium of prominent investors, to expand its solar manufacturing capacity, strengthen backward integration, and accelerate innovation in high-efficiency solar technologies.
October 29, 2025. By Mrinmoy Dey
Havells’ strategic investment in Goldi Solar underscores its dedication to advancing India’s renewable energy sector and aligns with its vision to foster technological leadership and sustainable growth. By partnering with Goldi Solar, Havells aims to accelerate the adoption of high-efficiency solar technologies and contribute to the nation’s clean energy ambitions, the company said in a statement.
Joining Havells in this growth capital infusion are several other prominent investors including Ambit Global Private Client, Nikhil Kamath, Shahi Exports, SRF Transnational Holdings, Karmav Real Estate Holdings, NSFO Ventures, and Godwitt Construction. These value-aligned investors are among India’s most forward-thinking capital providers and bring extensive expertise in sustainable growth initiatives, it said.
The growth capital infusion was advised by SBI Capital Markets, with Saraf and Partners serving as company counsel.
The funding will facilitate Goldi Solar’s manufacturing capacity expansion, strengthen backward integration into solar cell production, and accelerate innovation in high-efficiency solar technologies, while expanding the company’s go-to-market efforts.
Commenting on the development, Capt. Ishver Dholakiya, Founder and Managing Director, Goldi Solar, said, “This landmark investment marks a transformative chapter for Goldi Solar. With the backing of visionary partners like Havells and other esteemed investors, we are empowered to scale new heights in solar manufacturing and innovation. Together, we will drive the next wave of growth, setting new benchmarks in governance, sustainability, and performance. Our shared commitment will help Goldi Solar lead the global renewable energy transition, delivering impactful solutions for a cleaner, brighter future.”
Goldi Solar has expanded its solar PV module manufacturing capacity nearly fivefold – from 3 GW to 14.7 GW in the last 12 months and is developing solar cell manufacturing facility in Surat, Gujarat.
please contact: contact@energetica-india.net.
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