Goldi Solar secures Rs 14.22 billion funding to boost manufacturing capacity

Goldi Solar has raised Rs 14.22 billion in fresh funding to expand its solar manufacturing footprint. The round was led by Havells India Limited, with participation from a group of institutional and strategic investors.

The consortium includes Ambit Global Private Client, Nikhil Kamath, Shahi Exports Private Limited, SRF Transnational Holdings Limited, and several private investment firms. According to the company, the capital will be directed toward solar cell production, scaling up high-efficiency module manufacturing, and strengthening market outreach. SBI Capital Markets Limited advised on the transaction, and Saraf and Partners provided legal counsel.

Founder and Managing Director Ishver Dholakiya said the investment will help drive Goldi Solar’s capacity expansion plans in India. He added that the funding process took about six months to complete following a detailed review.

Goldi Solar described the investment as a significant milestone, marking a major capital infusion led by Havells India and backed by a broad base of institutional and high-net-worth investors.