Saatvik Green Energy Limited was incorporated as a private limited company under the provisions of the Companies Act, 2013, under the name ‘Saatvik Green Energy Private Limited’, pursuant to a certificate of incorporation dated May 29, 2015, issued by the Registrar of Companies, Chandigarh. The company was subsequently converted from a private company to a public company, pursuant to resolutions passed by its Board on September 20, 2024 and by its Shareholders dated September 21, 2024, consequent to which its name was changed to ‘Saatvik Green Energy Limited’, and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the RoC on October 3, 2024.

The company is among the leading solar photovoltaic (PV) module manufacturers in India. It is one of the fastest growing module manufacturing companies in India and has established itself as a key player in India’s solar energy market. It is recognized as one of the few companies with capabilities in module manufacturing as well as engineering, procurement and construction (EPC) and operations and maintenance (O&M) services. 

It offers a comprehensive portfolio of solar module products. Its solar energy products include: (i) monocrystalline passive emitter and rear cell (Mono PERC) modules; and (ii) N-TopCon solar modules, both types are offered in mono-facial and bifacial options, suitable for various applications, including residential, commercial and utility scale solar projects. It has supplied its solar modules for various solar installation projects, including floating solar PV modules.

Its turnkey EPC services comprise end-to-end engineering, procurement and construction services for prominent solar projects. In its EPC vertical, it provides comprehensive solar solutions, managing projects from concept through to execution. Its offerings under this vertical include ground-mounted solar installations and rooftop solar installations. It adheres to quality assurance processes and maintains an extensive network of suppliers to support its supply chain for all necessary solar components. Its commitment to effective project management guarantees quality outcomes and reliable performance.

Business area of the company

Saatvik Green Energy and its subsidiaries are primarily engaged in the manufacturing of Solar Photovoltaic Modules and also providing Engineering, Procurement, and Construction (EPC) services in this regard. Its solar energy products include: (i) monocrystalline passive emitter and rear cell (Mono PERC) modules; and (ii) N-TopCon solar modules, both types are offered in mono-facial and bifacial options, suitable for various applications, including residential, commercial and utility scale solar projects.

Products of the company

• Mono PERC modules
• N-TopCon modules

Key awards, accreditations or recognitions

• 2022: Honoured for ‘State Business Meet - 2022, Tamil Nadu’ organised by Solar Quarter.
• 2022: Recognised as top 3 leading solar module supplier in ‘India Quarter-1’ organised by JMK Research and Analytics.
• 2022: Honoured for ‘Most Promising Module Manufacturing Company of the Year’ at Rajasthan State Annual Solar Awards.
• 2023: Awarded ‘Best performing Domestic Solar Module’ of the year at Gujarat presented at Suryacon, Ahmedabad.
• 2023: Awarded ‘Best Team Excellence of the Year - 2023’ at Leadership Awards, 2023 organised by Storage awards.
• 2023: Awarded ‘State Leadership Award for Market Leader Modules (Diamond) organised by Solar Modules.
• 2023: Awarded ‘Best Performing Solar Module Manufacturing Company of the year’ at Annual Solar Awards, 2023 organised by EQ.
• 2023: Honoured for ‘Best Performance Solar Module Manufacturing Company of the Year - 2023’ at India Annual Solar Awards, 2023 organised by EQ.
• 2024: Recognised as ‘Top Performer - 2024’ by PV Evaluation Labs in the PV Module reliability scorecard.
• 2025: Received ‘State Leadership Leader’ award organized by Solar Quarter at Energy Excellence Awards.
• 2025: Awarded ‘Company of the year’ for the outstanding achievement category in the solar module manufacturing (Diamond) category organized by Solar Quarter, Business Excellence Awards at the Leadership Awards, 2025.
• 2025: Awarded ‘Best Brand’ at the Enterprise & Leadership Awards, 2025 organized by Outlook Business Spotlight.
• 2025: Received certification for the ‘Great Place to work’ in ‘Mid-Size Organization’ category by Great Place To Work, India.
• 2025: Honored with ‘best organizations to work’ award organized by ET Now.

History and milestones

• 2022: Launched EPC services.
• 2022: Launched Mono Perc technology i.e., Crystalline Silicon Terrestrial Photovoltaic (PV) Modules (Si water based).
• 2022: Bagged order from a public sector undertaking for supply of modules in 100 MW NTPC Ramagundam project.
• 2022: Bagged order from a public sector undertaking for supply of modules in 100 MW, Crystalline SPV Module - Raghanseda order.
• 2023: Expanded operations to the North American market.
• 2023: Engaged a cricket celebrity for advertisement of solar energy products.
• 2023: Awarded 70.2 MWp solar PV modules for solar power project in the state of Punjab by SJVN Green Energy Limited.
• 2024: Launched TOPCon technology i.e., Crystalline Silicon Terrestrial Photovoltaic (PV) Modules.
• 2024: Bagged CC+ rating in PV Module Tech Banakability Ratings Quarterly by PV Tech Research.
• 2024: Received provisional ALMM enlistment of additional solar PV module models of the Company.
• 2024: Bagged order from a public sector undertaking for supply of modules in 750 MW in the state of Maharashtra.
• 2024: Entered into a module supply contract with JSW Neo Energy Limited for supply of modules.
• 2025: Allotment of around 50.24 acres of land at manufacturing zone for power and renewable energy equipment, Mohasa - Babai, Narmadapuram, Madhya Pradesh.
• 2025: Awarded supply of 600 MW from Megha Engineering and Infrastructure Limited.
• 2025: Engaged Kartik Aaryan, a popular actor in India, as its brand ambassador.
• 2025: Expansion of new plant of 2GW capacity which commenced production.
• 2025: Secured ‘B’ category rating for the Q1 2025 by Informa.
• 2025: Received approval for inclusion of models ‘Crystalline Silicon Terrestrial Photovoltaic (PV) Modules (Si wafer based)’ from Bureau of Indian Standards.