Billionaire Profile
Surender Saluja
Global Rank
#1759

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Surender Saluja

CEO, Solar energy
INDIA
Real-Time Net Worth
$2.335B
Estimated based on Solar energy stock value as of March 6, 2026
+1.88% (24h)
Age
77
Source
Solar energy
Industry
Energy
Citizenship
INDIA

Biography

Surender Saluja, aged 77, is a prominent Indian businessman and the founder and chairman of Premier Energies, a leading solar cell and module manufacturer. His net worth is $4.5 billion as of December 27, 2024, making him one of India's wealthiest individuals in the energy sector. Saluja's career spans over three decades, beginning with small ventures after graduating with a mechanical engineering degree from Karnatak University in 1969. He founded Premier Energies in 1995, at a time when few recognized the potential of solar energy. His vision has driven Premier Energies to become a major player in India's renewable energy sector, with a significant manufacturing capacity. Premier Energies debuted on the Indian bourses in September 2024, earning Saluja a spot in the 2024 Forbes India 100 Rich List, ranking him at 85 with a net worth of $3.7 billion.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Surender Saluja was born in 1947. His family moved to India during the Partition. He earned a bachelor's degree in mechanical engineering from Karnatak University, Dharwad, in 1969.

Rise to Success

Saluja's entrepreneurial journey began with small ventures. He founded Premier Energies in Hyderabad in 1995. The company started with basic solar products like lanterns and streetlights, and then expanded to execute projects involving solar installations in remote villages. In 1999, the company began manufacturing solar modules. Premier Energies' growth included establishing a solar cell line in 2011 and expanding manufacturing capabilities to the US. In September 2024, Premier Energies had a stellar debut on the stock markets with its shares listing at ₹990.

Key Business Strategies

Saluja’s key business strategy involved identifying the potential of solar energy early on. Premier Energies focused on making solar energy accessible to remote areas and expanded its manufacturing capabilities. The company has 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.

Philanthropy

Information regarding Surender Saluja's specific philanthropic initiatives and amounts is not available in the search results.

Career Milestones

1969

Graduated

Earned a bachelor's degree in mechanical engineering from Karnatak University, Dharwad.

1995

Founded Premier Energies

Established Premier Energies in Hyderabad, a company focused on solar energy.

1999

Solar Module Manufacturing

Premier Energies began manufacturing solar modules.

2011

Solar Cell Line

Established a solar cell line.

2024

IPO

Premier Energies debuted on the Indian bourses in September 2024.

Philanthropy & Social Impact

Not available

Not available

Undisclosed

Philanthropic information is not available.