Waaree Solar Franchise
Solar franchise partner programme from Waaree Energies (NSE/BSE listed); 679 partner locations on its locator (Oct 2026). Fee, margin and investment are not published; the application form asks about a ₹50 lakh to ₹1 crore investment without saying what it covers.
Waaree Solar franchise at a glance (terms checked Oct 2026)
Investment
Not published
The brand doesn't publish its investment
Ongoing take
No royalty — you earn a margin
Franchise fee
No franchise fee
Payback
Not published
- Outlets we could verify: 679 outlets on the brand's own store locator
Outlets
679 verified
What we couldn't verify
- • Outlet closures
- • Franchisee satisfaction
- • Disputes with franchisees
- • Profit or loss
Ask before you sign
- Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
- Ask for every upfront payment in writing — deposit, onboarding, equipment or stock — and which parts are refundable.
- Ask exactly how your margin or commission is calculated, when it's paid, and whether the brand can change it.
Franchise terms checked against Waaree's official Franchise Partner page on 24 Oct 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.
Ways to Partner with Waaree Solar
2 partner models published by the brand. Figures it doesn't publish are left blank.
Franchise Partner
- Royalty / margin
- Margin; not published
Waaree describes a Franchise Partner programme for established distributors, local dealers and retailers; the partner drives surveys, sales, installation and service. No fee, margin, investment or area is published; the application form's ₹50 Lakhs to 1 Crore question is the form's wording only.
Rooftop Business Partner
- Royalty / margin
- —
Separate programme for rooftop solar (Radiance kits, design, installation, O&M); eligibility criteria and costs not stated on the page.
Reputation & News
1 red flag to checkWhat the press, courts and real franchisees or customers have said about Waaree Solar — summarised by us, with every source linked.
âš Scam alert
Waaree warns of fraudulent communications using its name
Waaree's site says genuine mail comes only from an @waaree.com address and that it will not be responsible for losses from fraudulent communications; it asks dealers not to share details or pay on an unverified call or email.
Source: Waaree Energies website (the brand's own site)- In the news· 2025-09-26
US customs opens probe into alleged duty evasion by Waaree (Sep 2025)
US Customs and Border Protection opened a formal probe into alleged evasion of anti-dumping and countervailing duties; Waaree confirmed it and said it is cooperating. Shares fell about 7% that day. The outcome is not stated in the article.
Source: Outlook Business - regulatory· 2025-03-19
CARE upgrades Waaree Energies to A+/Stable (Mar 2025)
CARE upgraded the long-term bank facilities from A/Stable to A+/Stable, citing better capacity use, demand and profitability after the IPO and the 5.4 GW cell plant. A rating action, not praise from customers or partners; no newer rating action was checked.
Source: CARE Ratings press release
Legal & Contract Summary
Key contract terms at a glance — read before you sign.
Agreement Type
Not specifiedContract Duration
—Renewal Available
—Territory Exclusivity
—Non-Compete Clause
—Exit Clause
—Who Can Apply for Waaree Solar
Conditions the brand sets for partners, and the licences the business needs.
- Partner types Waaree says it wants: Established distributors, local dealers and forward-thinking retailersPreferred
- Showroom and warehouse space: The application asks which rented showroom (under 300, 300-600 or over 600 sq ft) and warehouse (under or over 2,500 sq ft) space you can allocate; no minimum is statedPreferred
- Investment readiness: The application form asks, as a Yes/No question, whether you are ready to invest ₹50 Lakhs to 1 Crore; Waaree does not say what this covers or whether it is requiredPreferred
About the Brand
Brand USP
A listed solar-module maker that appoints franchise partners, dealers and distributors, with 679 partner locations on its locator (Oct 2026).
Why invest in Waaree Solar?
Waaree Solar by the Numbers
Source marked on each figure679
Franchise partner locations on locator · 24 Oct 2026
Store locator480+
Franchise partners (annual report) · FY25 annual report
Company filing2,800
Authorised selling partners (annual report) · FY25 annual report
Company filing25.8 GW modules, 5.4 GW cells
Solar module capacity (company release) · Apr 2026
Brand claim~₹61,500 crore
Order book (company release) · 29 Jul 2026
Brand claimWaaree Solar Outlet Network
By channel · 24 Oct 2026
Franchise partner locations on Waaree's locator: 679 outlets · 24 Oct 2026 · waaree.com
Cities with Outlets
Show all 61 citiesHide the city list
Full company recordsFinancials year by year, registered details, leadership and timelineShowHide
Waaree Solar Financials Over Time
Figures for the whole group, from filed or reported accounts.
Source: Waaree Energies Annual Report 2024-25, consolidated: revenue from operations ₹14,444.50 crore, EBITDA ₹3,119.18 crore, profit after tax ₹1,928.13 crore · Waaree Energies results release 30 Apr 2026: revenue from operations ₹26,536.77 crore, total EBITDA ₹6,616.79 crore, PAT ₹3,884.15 crore (company press release; basis stated as consolidated in the FY25 report, not restated in the release)
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Profile
The legal entity behind the brand, its leadership, and its official channels.
- Registered name
- Waaree Energies Limited
- Company type
- Public Limited Company (listed on NSE and BSE)
- CIN
- L29248MH1990PLC059463
- Headquarters
- Mumbai, Maharashtra
Company details source: Waaree Energies Annual Report 2024-25 (CIN, registered office, incorporated December 1990)
FranchiseChuno Analysis
Our analysis of verified dataHow Waaree Solar looks once the numbers are checked side by side.
- •Investment below the Home Improvement & Building medianMidpoint ₹0 L vs a category median of ₹28.5 L across brands on FranchiseChuno.
- ✓Brand operating for 36 yearsFounded in 1990. The brand doesn't state when franchising began.
- !1 red flag in the news or public discussionSee Reputation & News below, and ask the brand to address each one.
Data completeness
64%
- ✓ Terms checked against the brand's own page
- ✓ Published investment (not an estimate)
- â—‹ Franchise fee
- ✓ Royalty
- â—‹ ROI or payback claim
- â—‹ Agreement term
- ✓ Training details
- ✓ Outlet cities verified
- â—‹ Company financials
- ✓ Legal entity
- ✓ News & public opinion checked
Ask Before You Sign
Questions tailored to what Waaree Solar does and doesn't publish.
- 1Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
- 2Ask for every upfront payment in writing — deposit, onboarding, equipment or stock — and which parts are refundable.
- 3Ask exactly how your margin or commission is calculated, when it's paid, and whether the brand can change it.
- 4Ask for the agreement term, renewal fee and exit or transfer terms.
- 5Ask whether you get an exclusive territory, and how large it is.
- 6Ask the brand to respond to each red flag listed under Reputation & News.
- 7Have a lawyer review the franchise agreement before paying anything.
- 8Visit 2–3 existing outlets and speak to their owners without the brand present.
Running the outletSpace, staff, launch steps, training, support and who does whatShowHide
Operations Required
What you'll need on the ground to run this franchise day-to-day.
Area Required
—
Staff Needed
—
Setup Time
—
Owner Involvement
—
Best Locations
Not published
Business Type
Not published
Training & Support
What the brand provides to help you launch and run your franchise.
Operations Manual
Step-by-step playbook for running the outlet
Supply Chain Support
Vendor sourcing, inventory & logistics
Technology / POS
Billing, inventory, and management software
Marketing Support
National & local marketing campaigns
Launch Support
Pre-opening setup and grand-opening assistance
Ongoing Field Support
Regular visits and operational coaching
Training Programme
Ongoing Support
What Waaree Solar franchisees say
We haven't yet heard from enough Waaree Solar franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.
I run a Waaree Solar outlet — share how it wentFrequently Asked Questions
What training does Waaree Solar provide?
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