New Delhi: Gautam Solar Pvt. Ltd. has upgraded its credit ratings to CRISIL A-/Stable for long-term and CRISIL A2+ for short-term instruments, marking a significant rise from its previous BBB+/Stable and A2 ratings.
The upgrade underscores the solar module maker’s financial strength, reliability and growing role in India’s renewable energy market. The New Delhi-based firm reported a 200% revenue jump in the past three years, driven by expanded capacity and higher demand.
“With this recognition, our business fundamentals stand validated, assuring customers and financial institutions of our credibility,” said CEO Gautam Mohanka. “It positions us strongly for supplying to large solar power projects and advancing India’s clean energy goals.”
Founded nearly three decades ago, Gautam Solar operates multiple manufacturing units, including a new 60-acre facility in Haryana’s Bhiwani district. The company targets 5 GWp solar module capacity by FY2025-26, up from 3.2 GWp currently.
