---
title: "Goldi Solar vs Vikram Solar - Brand Comparison | ComparePV"
description: "Compare Goldi Solar vs Vikram Solar solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/goldi-solar-vs-vikram-solar"
---

# Goldi Solar vs Vikram Solar

Vikram Solar has the broader catalog (202 vs 145 models). Vikram Solar leads on peak efficiency at 23.69%.


## The two companies


| Attribute | Goldi Solar | Vikram Solar |
| --- | --- | --- |
| Country | India | India |
| Headquarters | Surat | Kolkata |
| Founded | 2011 | 2005 |
| Employees | 250-499 Employees | 1,895 |
| Annual capacity | 15.2 GW/year | 9.5 GW/year |
| Tier 1 | yes | yes |
| Listed |  | NSE, BSE: VIKRAMSOLR |
| Website | [http://www.goldisolar.com](http://www.goldisolar.com) | [http://www.vikramsolar.com](http://www.vikramsolar.com) |

Goldi Solar is a leading Indian solar PV module manufacturer and EPC service provider committed to accelerating the transition to sustainable energy. Established in 2011 and headquartered in Surat, Gujarat, the company offers cutting-edge solar solutions that power industries, businesses, and communities across more...

Vikram Solar Limited is a leading Indian solar photovoltaic (PV) module manufacturer and solar solutions provider. They offer engineering, procurement, construction (EPC), and operations & maintenance (O&M) services for solar plants. The company manufactures high-efficiency solar PV modules and has a pan-India...


## Catalog & Power


| Measure | Goldi Solar | Vikram Solar | Margin |
| --- | --- | --- | --- |
| Panel Models | 145 | 202 | +57 |
| Max Power | 715 W | 735 W | +20 W |
| Avg Power | 513 W | 553 W | +40 W |


## Efficiency


| Measure | Goldi Solar | Vikram Solar | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.03% | 23.69% | +0.66 pp |
| Avg Efficiency | 21.16% | 21.45% | +0.29 pp |


## Reliability & Warranty


| Measure | Goldi Solar | Vikram Solar | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.326%/°C | -0.334%/°C | +0.007 |
| Bifacial Share | 115 (79%) | 150 (74%) | +5 pp |
| Avg Warranty | 27.6 yrs | 28.6 yrs | +1.1 yr |


## Efficiency distribution

Vikram Solar skews to higher efficiency: 8% of lineup is 23%+


| Efficiency band | Goldi Solar | Vikram Solar |
| --- | --- | --- |
| \<20% | 4 (2.8%) | 11 (5.4%) |
| 20-21% | 67 (46.2%) | 42 (20.8%) |
| 21-22% | 47 (32.4%) | 106 (52.5%) |
| 22-23% | 25 (17.2%) | 27 (13.4%) |
| 23%+ | 2 (1.4%) | 16 (7.9%) |


## Power distribution

Vikram Solar offers more 600W+ panels (42% of lineup)


| Power band | Goldi Solar | Vikram Solar |
| --- | --- | --- |
| \<400W | 8 (5.5%) | 12 (5.9%) |
| 400-499W | 59 (40.7%) | 54 (26.7%) |
| 500-599W | 59 (40.7%) | 52 (25.7%) |
| 600-699W | 12 (8.3%) | 69 (34.2%) |
| 700W+ | 7 (4.8%) | 15 (7.4%) |


## Cell technology

Dominant cell tech: **PERC** (74%)

Dominant cell tech: **PERC** (75%)


| Technology | Goldi Solar | Vikram Solar |
| --- | --- | --- |
| PERC | 107 (73.8%) | 152 (75.2%) |
| TOPCon | 31 (21.4%) | 8 (4.0%) |
| HJT | 7 (4.8%) | 12 (5.9%) |
| N-type | 0 | 30 (14.9%) |


## Top panels, Goldi Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [GS12-T132-GF-715](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-715) | 715 | 23.0 | -0.280 | Monocrystalline |
| 2 | [GS12-T132-GF-710](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-710) | 710 | 22.9 | -0.280 | Monocrystalline |
| 3 | [G12 Series 710Wp](https://comparepv.com/panel/goldi-solar-g12-series-710wp) | 710 | 22.9 | -0.259 | Monocrystalline |
| 4 | [GS12-T132-GF-705](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-705) | 705 | 22.7 | -0.280 | Monocrystalline |
| 5 | [G12 Series 705Wp](https://comparepv.com/panel/goldi-solar-g12-series-705wp) | 705 | 22.7 | -0.259 | Monocrystalline |
| 6 | [GS12-T132-GF-700](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-700) | 700 | 22.5 | -0.280 | Monocrystalline |
| 7 | [G12 Series 700Wp](https://comparepv.com/panel/goldi-solar-g12-series-700wp) | 700 | 22.5 | -0.259 | Monocrystalline |
| 8 | [GS12-T132-GF-695](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-695) | 695 | 22.4 | -0.280 | Monocrystalline |
| 9 | [G12 Series 695Wp](https://comparepv.com/panel/goldi-solar-g12-series-695wp) | 695 | 22.4 | -0.259 | Monocrystalline |
| 10 | [GS12-T132-GF-690](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-690) | 690 | 22.2 | -0.280 | Monocrystalline |


## Top panels, Vikram Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [SURYAVA VSMDH.66.735.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-735-05) | 735 | 23.7 | -0.260 | Monocrystalline |
| 2 | [SURYAVA VSMDH.66.730.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-730-05) | 730 | 23.5 | -0.260 | Monocrystalline |
| 3 | [SURYAVA VSMDH.66.725.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-725-05) | 725 | 23.3 | -0.260 | Monocrystalline |
| 4 | [SURYAVA VSMDH.66.720.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-720-05) | 720 | 23.2 | -0.260 | Monocrystalline |
| 5 | [HYPERSOL VSMDH.66.AAA.05-720](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-aaa-05-720) | 720 | 23.2 | -0.280 | Monocrystalline |
| 6 | [SURYAVA VSMDH.66.715.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-715-05) | 715 | 23.0 | -0.260 | Monocrystalline |
| 7 | [HYPERSOL VSMDH.66.715.05](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-715-05) | 715 | 23.0 | -0.300 | Monocrystalline |
| 8 | [HYPERSOL VSMDH.66.AAA.05-715](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-aaa-05-715) | 715 | 23.0 | -0.280 | Monocrystalline |
| 9 | [SURYAVA VSMDH.66.710.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-710-05) | 710 | 22.9 | -0.260 | Monocrystalline |
| 10 | [HYPERSOL VSMDH.66.710.05](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-710-05) | 710 | 22.9 | -0.300 | Monocrystalline |


## Summary

Goldi Solar is an Indian module manufacturer founded in 2011 by Bharat Bhut and Ishver Dholakiya, headquartered in Surat, Gujarat. The company has scaled rapidly and now reports annual module manufacturing capacity above 15 GW, making it one of India's largest module producers, while also expanding into cell production. Vikram Solar has a longer track record, founded in 2005 and headquartered in Kolkata, and went public on India's BSE and NSE in 2025, adding a layer of financial transparency. Both brands carry Tier 1 status from BloombergNEF and strong reliability results in PVEL testing, with Vikram Solar operating roughly 9.5 GW of annual capacity after recent expansions. Institutionally, Vikram Solar edges ahead on longevity, public-market accountability and earlier international project references, including work in Germany.

On the product side, Goldi Solar's lineup centers on monocrystalline PERC modules under its HELOC Pro series alongside a growing TOPCon range, serving both rooftop and utility-scale customers and exporting to more than 20 countries. Vikram Solar is likewise investing in TOPCon and HJT technology at upgraded facilities, with a portfolio spanning residential and commercial rooftop systems, utility-scale ground-mount projects, and EPC and O&M services, including India's first floating solar installation.

For an international buyer, the two brands are broadly comparable in bankability and technical credibility, since both hold confirmed Tier 1 status. Vikram Solar may be the marginally safer default for large commercial or utility procurement given its longer operating history and public-company disclosure, while Goldi Solar stands out for its rapid capacity growth and aggressive TOPCon rollout. In practice, the decision should hinge on specific model availability, warranty terms and local after-sales support rather than any fundamental quality gap between the two.

Written by claude-sonnet-5 from the figures above.


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Source: https://comparepv.com/goldi-solar-vs-vikram-solar

Not in this file, on the page: the distributions above drawn as charts.