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Acquisition · Climate, Energy & Sustainability

Vikram Solar acquires its Australian subsidiary for $50,000

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Vikram Solar logo
Date
Company
Vikram Solar
What it does
Solar module manufacturer and EPC provider
Kind
Acquisition
Amount
$50,000
Stage
public
Based in
Kolkata
Founded
2005
Sector
Climate, Energy & Sustainability

What they do

Vikram Solar manufactures high-efficiency solar modules and provides EPC (engineering, procurement, and construction) services for renewable energy projects…

What happened

The company completed the acquisition of Vikram Solar Australia for $50,000, securing full ownership of the entity to support its international expansion

Why it matters

The target entity was incorporated in March 2026 and has not yet commenced commercial operations or generated any turnover

The details

  • Vikram Solar finalized the acquisition of Vikram Solar Australia to make it a wholly owned subsidiary.
  • The transaction involved a cash consideration of $50,000 for 67,683 equity shares.
  • The deal provides the parent company with 100% ownership of the Australian entity.
  • This acquisition is not a related party transaction and involves no promoter group interest in the target.
  • The company expects this move to strengthen its overseas expansion strategy.
  • The transaction was completed on August 26, 2026, following necessary regulatory approvals.

The bigger picture

  • Vikram Solar aims to support India's national target of 500 GW of renewable energy by 2030.
  • The company maintains a global presence across 39 countries.
  • The firm has shipped over 10 GW of high-efficiency solar modules since its inception.

About the business

  • Vikram Solar is a major Indian manufacturer of solar photovoltaic modules.
  • It operates manufacturing facilities in Falta (West Bengal) and Oragadam (Tamil Nadu).
  • The company has a current total manufacturing capacity of 4.50 GW.
  • It provides comprehensive EPC services with an aggregate capacity of 1.41 GW.
  • The firm also offers ongoing O&M (operations and maintenance) services for over 1,396 MW of projects.
  • Vikram Solar Australia was incorporated on March 4, 2026, and has no prior turnover history.

The deal

Type
acquisition

Founders

  • Gyanesh Chaudhary, Managing Director

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