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About Navitas Solar Unlisted Shares

Overview of Navitas Solar Unlisted Shares

Navitas Solar, founded in 2013 in Surat, India, is a leading solar panel manufacturer with a 2 GW annual capacity. It specializes in high-efficiency Mono PERC and TOPCon modules and is known for its backward integration (Navitas Alpha Renewables) and forward integration (Navitas Planet for EPC services). Ranked among India’s top 10 solar manufacturers, the company serves a broad clientele and is expanding globally. It is CARBON NEUTRAL and has received "Silver" status from the UNFCCC’s 'Climate Neutral Now' initiative, aiming to be India’s most trusted solar firm by 2025.

Name	Navitas solar
Date of Incorporation :	2013
Category	Private Limited Company
Industry	Power
Listing Status	Unlisted
Registered Address	Surat ,Gujarat
Date of Last AGM :	26 Dec, 2022
Segments	EPC, BoP and BTG,Equipment Manufacturers

Timeline:

2013: Navitas Solar was founded by Vineet Mittal, Sunay Shah, Ankit Singhania, Aditya Singhania, and Saurabh Aggarwal in Surat, India.
2013-2016: Established itself as a leading solar panel manufacturer, specializing in high-efficiency Mono PERC and TOPCon solar modules.
2017: Expanded capacity to 2 GW per annum.
2018: Launched Navitas Alpha Renewables Pvt. Ltd., focusing on the production of solar encapsulants.
2019: Established Navitas Planet Pvt. Ltd. to offer comprehensive EPC services for solar projects.
2020: Ranked among the top 10 Indian solar manufacturers by JMK Research & Analytics.
2021-2022: Achieved "Silver" level under the UNFCCC’s 'Climate Neutral Now' initiative, becoming a CARBON NEUTRAL ORGANISATION.
2024: Expanding into global markets including the USA, Europe, and Africa. Aims to become the most trusted solar firm in India by 2025 and seeks collaborations with global leaders to advance solar energy solutions.

Product Portfolio

Series/Product	Key Features	Efficiency	Warranty	Applications	Certifications
N-Type TOPCon Series	- 22%+ efficiency - Bifacial tech for dual-side power - Weather resilient - Low degradation	22%+	12-year product 25-year performance	Large-scale installations	-
Bifacial Series	- 30% more power - 1500V system - Excellent temperature and PID resistance	Up to 20.98%	12-year product 25-year performance	Large-scale installations	-
Bonito Series	- High power output - Shading tolerance - Reduced LCOE - 1500V system	Up to 21.36%	10-year product 25-year performance	Large-scale & rooftop installations	IS, BIS standards
Navisol Series	- Anti-reflective glass - Low-light performance - 1500V system	Up to 17.24%	10-year product 25-year performance	Large-scale & rooftop installations	IEC, ISO standards
Anora Series	- Tested for harsh conditions - 1500V system - Positive power tolerance	Up to 17.02%	10-year product 25-year performance	Large-scale, rooftop, off-grid	IEC, ISO standards
EVO EVA Sheets	- UV & PID resistant - Available in 0.5 mm, 0.6/0.65 mm	-	9 months	PV & MBB solar panels	UL standards
EVO POE Sheets	- Superior moisture barrier - High peel strength - Low shrinkage	-	9 months	Sensitive cells	UL standards

Services Offered

EPC Solar Services
Comprehensive Services	Offers turnkey Solar EPC (Engineering, Procurement, and Construction) solutions for rooftop and ground-mounted projects.
Experience	Over nine years in executing residential, commercial, and utility-scale installations.
Expertise	Backed by three decades of industry experience and a highly skilled team.
Integration	Covers production from EPA to solar modules and hybrid inverters.
Project Portfolio	- 111 kWp rooftop in Pune - 210.6 kWp rooftop in Ashok Nagar
Capabilities	Efficient and timely project execution for diverse and large-scale installations.
Solar RESCO Model
Government Commitment	Aligned with the Paris Agreement goal of 175GW renewable energy by 2022, creating favorable conditions for Solar RESCO projects.
Zero-Investment Model	Developer covers both CAPEX and OPEX, allowing consumers to access solar energy at competitive rates through long-term contracts.
Benefits	- No capital investment required from the consumer. - Developer handles full maintenance and operation. - Government subsidies available. - Stable energy costs with fixed rates. - Optimized power consumption through expert management.
Navitas Solar Expertise	Provides robust RESCO solutions with significant installations such as a 14MWp rooftop solar project.

Management

Official Partners

Key clients

Navitas Solar Unlisted Shares

Navitas Solar Private Limited