Nikhil Kamath Invests ₹137.5 Crore in Goldi Solar to Boost India’s Clean Energy Growth

Zerodha co-founder and investor Nikhil Kamath has invested ₹137.5 crore in Goldi Solar, India’s largest solar photovoltaic (PV) module manufacturer. The funding is aimed at strengthening India’s renewable energy manufacturing ecosystem and accelerating the nation’s clean energy transition.

Investor and entrepreneur Nikhil Kamath

Goldi Solar, founded in 2011 by Ishverbhai Dholakia, has rapidly expanded its capacity over the past year. The company scaled its PV module manufacturing from 3 GW to 14.7 GW, making it one of the fastest-growing solar manufacturers in the country. It is now focusing on expanding solar cell production facilities in Surat, Gujarat, while introducing next-generation, high-efficiency modules powered by emerging technologies.

Commenting on the investment, Kamath said:

“India’s renewable energy sector holds immense potential. By supporting companies like Goldi Solar, we can build global-scale enterprises within India and accelerate the nation’s shift towards sustainable energy.”

The investment comes at a crucial time as India intensifies efforts to achieve its 280 GW solar target by 2030. Domestic demand for solar equipment is surging, bolstered by government policies such as import duties on foreign modules and the Production Linked Incentive (PLI) scheme for local manufacturers.

With this capital infusion, Goldi Solar plans to scale up both domestic supply and export potential, further positioning India as a global renewable energy hub.