Microtek International Pvt Ltd has announced an investment of over ₹400 crore to accelerate the growth of its solar business. According to reports from Business Standard and Rediff Moneynews, the company is setting up a new solar panel manufacturing plant in Jaipur, which is expected to become operational by November 2026. The announcement was made at the renewable energy expo 2026 that concluded on Saturday.
Led by its 'Har Ghar Bijli Ghar' vision, Microtek will introduce its new Battery Energy Storage System (BESS), highlighting its focus on making reliable energy solutions accessible to households and businesses. As reported by Business Standard and Rediff Moneynews, the company showcased its comprehensive portfolio at the expo, including home inverters, UPS systems, batteries, electrical wires, solar panels, solar inverters and lithium batteries. The company supports initiatives such as PM Surya Ghar: Muft Bijli Yojana, which aims to bring rooftop solar power to one crore households.
N K Aggarwal, Founder & Chairman of Microtek International Pvt Ltd, stated that the company's vision reflects ambition to help households generate and manage their own electricity. According to Business Standard and Rediff Moneynews, Microtek expects to more than double revenue in FY27 to ₹5,000 crore, with an ambition to reach ₹10,000 crore within two years. The company's reach is supported by over 1 lakh dealers across India.
With nearly four decades of power management experience, Microtek's portfolio spans four pillars: power generation, distribution, conditioning and storage. As reported by Business Standard and Rediff Moneynews, the company's solutions help consumers generate, store and manage electricity efficiently, reducing dependence on conventional power sources. The company's comprehensive approach to energy management positions it to serve India's changing energy needs through its BESS and lithium-based solutions.
