RAYZON SOLAR LIMITED Earns EcoVadis Silver Medal, Placing Among Top 15% of 150,000+ Companies Assessed for Sustainability Performance Globally

RAYZON SOLAR LIMITED, a trailblazer in India’s solar module manufacturing and a frontrunner in renewable energy innovation, has proudly secured the EcoVadis Silver Medal for its assessment in 2025. This distinguished recognition places RAYZON SOLAR among the top 15% of companies worldwide evaluated by EcoVadis, highlighting the company’s unwavering commitment to sustainability, ethical business practices, and operational excellence.

The EcoVadis Silver Medal is awarded to companies that demonstrate outstanding performance across the four critical pillars of sustainability:

• Environment – Environment performance purely driven by low-impact manufacturing practices and circular – resource initiatives.
• Labor & Human Rights – Reflects strong commitments to safe working conditions, occupational health and safety, regulatory compliance, employee well-being, and career development.
• Ethics – Underscores adherence to transparent governance, anti-corruption standards, and responsible corporate conduct, while also signaling a key area for further enhancement.
• Sustainable Procurement – Demonstrates the ability to extend ESG expectations across the supply chain and foster responsible sourcing practices.

Achieving this accolade on the first attempt, with an overall score of 77/100 and a 94^th percentile ranking, reflects Rayzon Solar’s proactive and strategic integration of ESG principles into its operations, setting a benchmark for responsible business practices in the renewable energy sector. Being evaluated by EcoVadis – the world’s leading and most trusted provider of business sustainability ratings, with a global network exceeding 150,000+ companies across 185 countries – further reinforces the company’s position as a leader in sustainable innovation.

This achievement underscores that sustainability is embedded in RAYZON  Solar’s DNA from the very beginning and its operations leverage cutting-edge TOPCon technology while strictly following rigorous environmental, social, and governance standards, demonstrating that innovation and responsible business practices go hand in hand.

The company’s success was made possible through its collaboration with Growlity Private Limited, a leading ESG and sustainability consulting firm. Growlity played a pivotal role in guiding RAYZON  SOLAR through the rigorous EcoVadis assessment process – from framework alignment and data validation to performance enhancement and transparent reporting. This strategic partnership enabled RAYZON SOLAR to achieve Silver Medal recognition, a testament to both the company’s commitment and Growlity’s expertise in ESG excellence.

Message From Rayzon Solar Limited

We are immensely proud to receive the EcoVadis Silver Medal in our very first assessment. This recognition validates our belief that building a sustainable business is not just about producing clean energy products – it’s about how we operate, how we treat our people, and how we engage with our communities and supply chain partners. At Rayzon Solar, sustainability is not a separate initiative; it is woven into every decision we make, from production to delivery. This achievement motivates us to continue raising the bar for ourselves and the industry

Mr. Chirag Nakrani,

Managing Director, Rayzon Solar Limited

Message From Growlity Private Limited

RAYZON SOLAR’s achievement of the EcoVadis Silver Medal in the first attempt is a remarkable accomplishment that demonstrates exceptional sustainability readiness and management commitment. Very few organizations achieve this level of recognition in their initial assessment, and it speaks volumes about RAYZON SOLAR’s genuine commitment to ESG excellence. Growlity is honored to have supported Rayzon Solar on this journey, and we look forward to partnering with them as they continue to advance their sustainability performance.

Dr. Nitin Dumasia

President & CEO, Growlity Private Limited

About Growlity Private Limited

Growlity is a leading ESG and sustainability consulting firm dedicated to helping organizations achieve measurable and credible sustainability outcomes. With deep expertise in EcoVadis assessments, ESG strategy development, sustainability reporting, climate action, and supply chain sustainability, Growlity empowers businesses to translate their sustainability vision into actionable performance. The firm’s mission is to build resilient, transparent, and future-ready organizations that thrive in an evolving global landscape.

About Rayzon Solar Limited

Founded in 2017 by visionary entrepreneurs Mr. Hardik Kothiya and Mr. Chirag Nakrani, Rayzon Solar Limited has rapidly emerged as one of India’s most dynamic and fastest-growing solar module manufacturers. With a commitment to innovation, quality, and sustainability, the company has evolved from a modest 40 MW setup into an impressive 8000 MW manufacturing powerhouse, equipped with fully automated and technologically advanced production lines.

Rayzon Solar delivers world-class TOPCon-based PV modules and smart energy solutions to residential, commercial, and utility-scale projects across India, the United States, and Europe. Every module is crafted to meet the highest international standards, including IEC and BIS, reflecting the company’s unwavering dedication to reliability and performance.

Strengthening its position in the global clean-energy supply chain, Rayzon Solar has expanded horizontally by establishing an in-house Aluminium frame manufacturing unit

with 19,780 MTPA extrusion and anodizing capacity, while simultaneously setting up a state-of-the-art 3500 MW solar cell line based on advanced TOPCon technology. This integrated ecosystem enhances quality control, ensures supply chain resilience, and accelerates the company’s innovation capabilities.

At the heart of Rayzon’s success is its strong focus on Quality, Reliability, R&D, and Customer Centricity. The company partners with leading IPPs, businesses, distributors, and EPC firms worldwide, championing the transition toward a cleaner, more sustainable energy future.

Rayzon Solar believes that sustainability is not just a responsibility—it is a competitive advantage. Upholding ethical business conduct, transparent governance, and anti-corruption standards as core values, the company has been recognized globally, earning the prestigious EcoVadis Silver Medal, placing it among the top performers in ESG excellence.