About Websol Energy System Limited

Websol Energy System Limited, incorporated in 1990, is a leading Indian manufacturer of high-efficiency solar photovoltaic cells and modules. The company is listed on both the NSE and BSE and operates an integrated, state-of-the-art facility at the Falta Special Economic Zone (SEZ) in West Bengal. As of March 31, 2025, the facility had an installed capacity of 600 MW for solar cells and 550 MW for solar modules, with an additional 600 MW of cell capacity scheduled for commissioning in FY 2025–26. The registered office of the company is in Kolkata, West Bengal.

Websol manufactures solar photovoltaic cells and modules catering to utility-scale projects, rooftop installations, and commercial and industrial (C&I) solar applications. In FY 2024–25, the company served customers across 15 Indian states, with exports contributing NIL, reflecting its domestic focus. The company holds several quality and safety certifications, including ISO 9001:2015, IEC 61215, IEC 61730, UL 1703, BIS, ISO 14001:2015, and ISO 45001:2018, reinforcing its commitment to excellence and compliance with global benchmarks.

Tracing its history, Websol began operations with an annual capacity of about 1 MW in 1994. In 2009, it established its integrated facility at Falta SEZ, which accelerated its scale-up. In 2024, Websol undertook upgrades in its manufacturing equipment and adopted advanced cell technologies, aligning itself with global efficiency standards. Looking forward, the company is investing in new-generation technologies such as Topcon and Perovskite cells to maintain its leadership in India’s solar manufacturing landscape.

Websol has no subsidiaries, associates, or joint ventures as of March 31, 2025.

Websol Energy System Limited’s Business Segments

• Photovoltaic Solar Cells: 95.07% of turnover.

• Domestic vs. International: 100% of revenue from domestic sales; exports contribution NIL.

Websol Energy System Limited’s Key Management

• Mr. Sohan Lal Agarwal – Chairman & Managing Director

• Ms. Sanjana Khaitan – Director & Chief Financial Officer

• Mr. Raju Sharma – Company Secretary & Compliance Officer

Latest Updates on Websol Energy System Limited

• Capacity Expansion: Operated 600 MW of solar cell and 550 MW of module capacity as of March 31, 2025; an additional 600 MW of cell capacity is scheduled for commissioning in FY 2025–26.

• Technology and Operations: Reported solar cell efficiency of above 23% and capacity utilisation of 90% in FY 2024–25, demonstrating process maturity and stable operations.

• Strategic Focus: Expanded into advanced solar technologies, including Topcon and Perovskite, supported by global technology partnerships.

• Capital Actions: On September 21, 2024, issued 12,10,000 warrants convertible into equity shares (ratio 1:1) on a preferential basis.

Brand Identity: Launched a refreshed brand identity and logo in FY 2024–25, symbolising a forward-looking vision while upholding values of resilience, innovation, and integrity.