Surender Saluja, aged 77, is one of India’s richest businessmen with a net worth of USD 4.5 billion (Rs 38,187 crore), as per Forbes. He is the founder and chairman of Premier Energies, a leading solar cell and solar module manufacturer. Recognized as India’s richest individual in the energy sector, his company debuted in the share market in September 2024, achieving a market capitalization of Rs 57,789 crore by December 10.
A Visionary Entrepreneur
Surender plays a pivotal role in guiding Premier Energies, providing strategic direction and shaping its business strategies. His son, Chiranjeevi, serves as the managing director of the 29-year-old company, which operates five manufacturing units in Hyderabad.
From Humble Beginnings to Billionaire Status
After earning a bachelor’s degree in mechanical engineering from Karnatak University, Dharwad, in 1969, Surender launched his entrepreneurial journey. Starting with small ventures, he founded Premier Energies in Hyderabad in 1995. Over the years, his determination and innovation elevated him to billionaire status.
Premier Energies’ Growth Story
Initially, Premier Energies focused on basic solar products such as lanterns and streetlights. The company expanded its reach by installing solar setups in remote villages and, in 1999, began manufacturing solar modules.
Massive Production Capacity
As of March 31, 2024, Premier Energies boasts an annual production capacity of 2 GW for solar cells and 3.36 GW for solar modules, marking it as a key player in India’s renewable energy sector.
Surender Saluja’s journey reflects the power of vision, innovation, and dedication, making him a trailblazer in India’s energy landscape.
