GREW Solar Raises ₹300cre From Marquee Investors Including Vijay Kedia & Rohit Kothari

GREW Solar, a solar PV manufacturer under the Chiripal Group, has raised ₹300 crore from a diverse set of investors, including noted market participants Vijay Kedia and Rohit Kothari of GeeCee Holdings.

The company said the capital will be deployed towards new product development, strengthening technological infrastructure, and funding expansion plans.

Vijay Kedia said, “I invest in companies that are built on integrity, vision and execution strength. GREW Solar embodies these values and is well-positioned to ride India’s renewable energy wave, particularly in solar manufacturing. It has the potential to create long-term value for investors while advancing India’s leadership in clean energy.”

Investors Respond 

Rohit Kothari of GeeCee Holdings added, “GeeCee Holdings trusts GREW Solar’s commitment to drive its next phase of growth, backed by strong technology capabilities and visionary leadership. In alignment with India’s clean energy agenda and global sustainability goals, we remain steadfast in supporting GREW Solar’s journey as they scale and create lasting impact.”

Vinay Thadani, Director & CEO of GREW Solar, said, “We are honoured to welcome Mr. Kedia and Mr. Kothari on board. These investments validate our strategy and motivate us to build a robust solar ecosystem that powers India’s green ambitions. This will fuel our next phase of growth and strengthen our contribution to India’s renewable energy goals.”

About Grew Solar 

Founded in 2022, GREW Solar has scaled rapidly with backing from the Chiripal Group’s five-decade-long manufacturing legacy. In its first year, it launched M10 modules of up to 550 Wp and commissioned 1.2 GW of module capacity at Dudu, Rajasthan. By 2025, capacity expanded to 3 GW, with high-efficiency M10 TOPCon modules of up to 590 Wp. The Dudu facility is now being scaled to 11 GW, positioning it as one of India’s largest AI-powered integrated solar PV module manufacturing plants with an in-house R&D lab.

The company is also setting up a 3 GW solar PV cell plant in Narmadapuram, Madhya Pradesh, with plans to expand to 8 GW by end-2026, enabling full backward integration.