Vivaan Solar Gets ‘SP 1A’ Rating from SMERA


Vivaan Solar is now rated as ‘SP 1A‘ from SMERA Ratings Limited. Vivaan Solar got the SP 1A rating for RESCO as well as SI for on grid connected rooftop categories. The grading as such indicates “Highest Performance Capability & Highest Financial Strength”. The grading framework is based on the parameters of performance capability and financial strength of Vivaan Solar as a company to undertake rooftop solar power projects. The SP 1A grading of Vivaan Solar under the “On Grid” program is valid for a period of two years from 13 April 2017 to 12 April 2019.

The ‘SP 1A’ is the highest grade that can be achieved as per SMERA. The ratings were given by SME Ratings & Gradings Division of SMERA which is responsible for developing and providing rating and grading services for Micro, Small and Medium Enterprises (MSMEs). The SP 1A rating was provided by SMERA based on the following parameters.

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System Integrators (SI) Grading

The System Integrators (SI) grading’s are a benchmarking exercise that will help in identification of channel partners like Vivaan Solar who can undertake variety of solar power projects. The grading will allow channel partners like Vivaan Solar to showcase their capability in executing solar power projects including solar park and rooftop solar plants to other stakeholders like customer, lenders, suppliers, and communities. The grading/rating was done on the basis of SWOT analysis carried out by SMERA Rating Ltd.



SMERA Ratings Limited is a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet India (D&B) and 10 leading public, private sector, and foreign banks in India. SIDBI, under the guidance of Union Ministry of Finance; Government of India took the initiative of creating a rating agency focused exclusively on the SME sector. SMERA is a ‘Full Service’ rating agency with presence in over 100 Indian cities, and is backed by team of 400 professionals who are not only industry but also subject matter experts.

SMERA Ratings Limited which provides rating grading and research products; was established in a 1st of its kind initiative anywhere in the world to enable the flow of credit to SMEs; thereby allowing them a better bargaining power. SMERA also provides banks with quality ratings and opinions, SMERA has also signed MoU with 40 Indian banks that will allow banks to issue preferential interest rates to customers based on their credit ratings. SMERA is accredited by Directorate General of Shipping,  SEBI, IREDA, RBI, NSIC, and MSME Ministry (GOI).

SMERA also got accreditation from Indian Renewable Energy Development Agency Limited (IREDA) and Ministry of New and Renewable Energy (MNRE) for conducting solar power grading. SMERA has till now provided grading/rating services to more than 500 companies who intended to become channels partners.

SMERA, is a leading credit rating agency in India which also rates products like bank loans, non-convertible debentures, commercial papers, SMEs, NSICs. Other than that, it is also involved in grading NGOs, MFIs, and Maritime Institutes. The SME Ratings & Gradings Division of SMERA is responsible for developing and providing rating, grading services for the Micro, Small and Medium Enterprises (MSMEs).

SME Ratings & Gradings

The SME Ratings & Gradings Division of SMERA is responsible for developing and providing rating and grading services for Micro, Small and Medium Enterprises (MSMEs). This division commenced its operations in 2005 has 180 members. Apart from MSME rating, the SME Ratings Division also offers grading for renewable energy service companies; grading & assessing the code of conduct of micro-finance institutions, as well as dealer & vendor assessment. It is this division that provided the SP 1A grading for Vivaan Solar.

The grading in “On Grid” program is valid for 2 years for entities with highest grades (1A, 1B and 1C); for other entities the grading is valid for 1 year. For the applicants under “Off Grid” program the grading is valid for 4 years.

How the Grading/Rating is Done


About Vivaan Solar

Vivaan Solar as a EPC contractor is a solar photovoltaic system installer & integrator. We have installed 60 MW solar park in Madhya Pradesh, 5 MW in Punjab, 8 MW in Uttarakhand and an upcoming park in Karnataka. We are also MNRE accredited channel partner for Rooftop. We have done turnkey works for multiple companies across the country and has third party agreements with some of the leading industries/commercial institutions across the state. We are an MNRE accredited channel partner. For more info you can visit our website: or contact us at mail-


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