Backed by marquee investors Vijay Kedia and Rohit Kothari, the Chiripal Group company will expand its solar manufacturing capacity and strengthen technological innovation to support India’s clean energy transition.
GREW Solar, one of India’s youngest solar PV manufacturers under the Chiripal Group, has raised ₹300 crore from a diverse group of investors, including market veterans Vijay Kedia and Rohit Kothari of GeeCee Holdings. The fresh capital will be used to scale operations, develop advanced solar technologies, and expand manufacturing capacity to meet India’s rising clean energy demand.
The entry of celebrated investors such as Kedia and Kothari reflects growing confidence in India’s renewable energy manufacturing ecosystem. Both investors emphasized that GREW Solar’s vision, leadership, and technological capabilities position it to play a pivotal role in India’s green transition.
Founded in 2022, GREW Solar has rapidly expanded its footprint, commissioning 1.2 GW of PV module manufacturing in Rajasthan in its first year and scaling up to 3 GW by 2025 with high-efficiency M10 TOPCon modules. The company is now expanding its Dudu plant to 11 GW, which will make it one of India’s largest AI-powered integrated solar PV manufacturing facilities with a dedicated R&D lab.
Looking ahead, GREW Solar plans to establish a 3 GW solar PV cell plant at Narmadapuram, Madhya Pradesh, with further expansion to 8 GW by the end of 2026, strengthening backward integration and supporting India’s push for energy independence.
Vinay Thadani, Director & CEO of GREW Solar, said the investment validates the company’s strategy and strengthens its commitment to building a robust solar ecosystem. “These investments motivate us to contribute meaningfully to India’s renewable energy goals and shape a greener future,” he added.
With strong investor backing, cutting-edge technology, and ambitious expansion plans, GREW Solar is positioning itself as a key player in advancing India’s clean energy ambitions.