India is moving fast on climate action, and the carbon credits market is growing quickly. Gujarat is becoming a major hub in this transformation. With industries expanding, more renewable-energy projects, tree-planting initiatives, and sustainable farming, the need for carbon credits is rising. Companies working in Gujarat not only help reduce greenhouse gas (GHG) emissions but also create new income opportunities for themselves and local communities. That’s a win for both the environment and the economy.
In this blog, we take you through the Top 10 Carbon Credit Companies in Gujarat (2025–26), explaining what they do and why they matter.
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What Is a Carbon Credit Company?
A carbon credit company is a business that creates, manages, or sells carbon credits. These credits represent a measurable reduction, removal, or avoidance of greenhouse gases.
Companies can generate credits by:
- Installing renewable energy projects like solar or wind
- Running carbon-removal initiatives such as biochar, regenerative agriculture, or tree-planting
- Helping others buy, sell, or trade carbon credits through recognized frameworks
The main goal is simple: reduce or remove CO₂ emissions and create tradeable credits that benefit the planet — while often helping farmers, industries, and buyers earn extra revenue.
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Why Gujarat Is Becoming a Carbon-Credit Hub
Gujarat has a strong industrial base and is investing heavily in renewable energy. In 2025, rules for sharing and managing carbon-credit revenues got clearer, making Gujarat a more attractive place for carbon projects.
Nature-based solutions like biochar, soil-carbon farming, and agroforestry are becoming popular because they offer long-term environmental benefits and financial viability.
With this momentum, Gujarat is shaping up as a major carbon-credit center.
Also Read: Carbon Removal, Reduction, And Avoidance Credits Explained
Top 10 Carbon Credit Companies in Gujarat (2026)
1. Varaha
Varaha is one of the top carbon-removal and carbon-credit companies in Gujarat. They work with farmers to implement:
- Regenerative agriculture
- Biochar production
- Agroforestry on degraded lands
- Enhanced rock weathering (ERW)
In January 2025, Varaha sold 100,000 biochar carbon-removal credits to Google. They use a high-tech system for Measurement, Reporting & Verification (MRV), including remote sensing and geo-tagged records, ensuring transparency and global-standard compliance.
In November 2025, Varaha received a $30 million investment from Mirova to expand its programs across India.
Varaha’s scientific approach, large-scale operations, and global deals make it the top carbon-credit company in Gujarat in 2026.
Also Read: World’s First Private Carbon Crediting Program for Offsets – what it is and why it matters
2. Green Global Carbon Credit Pvt. Ltd. (GGCC)
GGCC focuses on tree-planting and afforestation. They ensure trees are maintained until maturity, providing long-term carbon capture and environmental benefits.
While they haven’t announced big global deals yet, GGCC is recognized for its community-level, eco-friendly approach.
3. Vishva Renewable Energy Private Limited
Vishva Renewable Energy provides green credits through renewable energy, tree-planting, and other climate-positive projects. They also help businesses invest in carbon projects in Gujarat.
Vishva represents a hybrid model, combining renewable-energy production with carbon-credit consultancy, which is useful for companies looking to take actionable climate steps.
4. Adani Green Energy Limited (AGEL)
AGEL is one of India’s largest renewable-energy companies, active in Gujarat. Their solar and wind projects reduce emissions compared to fossil fuels, making them a key player in carbon-credit generation.
Large renewable companies like AGEL show how big projects contribute to India’s carbon-offset ecosystem.
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5. Onix Renewable Ltd.
Based in Rajkot, Onix Renewable works on solar, wind, and hybrid power projects, including engineering, procurement, and construction services.
By expanding clean energy infrastructure, Onix indirectly contributes to carbon-credit supply through avoided emissions, making them relevant for businesses wanting renewable energy plus credits.
6. KPI Green Energy Limited
KPI Green Energy, part of the KP Group, is a solar-energy company in Surat, Gujarat. They expand solar power usage, reducing reliance on fossil fuels and generating carbon credits under recognized frameworks.
7. CleanMax Solar
Solar specialists like CleanMax Solar are important in Gujarat’s carbon-credit space. By setting up rooftop or ground-mounted solar projects, they allow industries and corporations to generate carbon credits while adopting clean energy.
8. Gujarat State Electricity Corporation Limited (GSECL)
GSECL is a state-owned energy company. While utilities aren’t traditionally seen as carbon-credit firms, GSECL’s renewable-energy and energy-efficiency projects make it a player in the carbon-credit ecosystem, especially under state rules encouraging participation.
9. Gujarat Carbon Development Company (GCDC)
GCDC works on renewable energy and waste-management projects eligible for carbon credits.
Though less publicized than companies like Varaha, GCDC is worth watching for those interested in hybrid carbon-credit projects in Gujarat.
10. Grow Billion Trees
This company focuses on large-scale tree planting and afforestation, one of the simplest and most effective ways to capture carbon.
For buyers looking for environmentally impactful projects, companies like Grow Billion Trees offer promising opportunities.
How to Choose the Right Carbon-Credit Company
When buying or partnering for carbon credits in Gujarat, consider these factors:
- Transparency & Verification – Look for companies with MRV systems, registry-backed credits, and a track record of selling to credible buyers.
- Type of Credit / Methodology – Decide between renewable-energy credits (solar, wind) or carbon-removal credits (biochar, soil carbon, trees). Carbon-removal credits often offer long-term environmental value.
- Scale & Reach – Bigger companies may offer better liquidity, smaller ones may be more community-focused.
- Sustainability & Co-benefits – Projects improving soil health, biodiversity, and local livelihoods are more sustainable and ethical.
- Regulatory Compliance – Work with firms that follow government rules to reduce risk.
Also Read: Fighting the Climate Crisis with Carbon Credits
Latest Trends in Gujarat (2024–2026)
- Shift to nature-based solutions: Soil carbon, biochar, agroforestry, and ERW projects are growing.
- Regulatory clarity: Renewable-energy producers now share carbon-credit revenues with state utilities, creating a predictable market.
- Global investment: Companies like Varaha attract global capital, reflecting investor confidence.
- Corporate interest: International buyers like Google entering the market increases demand and encourages high-quality projects.
These trends suggest that 2025–26 could be the year Gujarat becomes a major supplier of credible carbon credits.
Challenges to Watch Out For
- Quality & permanence: Tree plantations and afforestation must ensure carbon stays captured long-term.
- Credibility of credits: Avoid unverified credits; always check registry-backed, audited projects.
- Regulatory uncertainty: Rules are improving but can still change.
- Market volatility: Prices and demand may fluctuate due to global factors.
Also Read: Limited Federal Role in Voluntary Carbon Markets
Conclusion
For businesses in Gujarat or across India, credible carbon-credit companies offer a real opportunity to offset emissions and boost ESG credentials.
Investors and climate-focused funds see Gujarat as a fertile region for impact investments, especially in carbon removal and renewable energy.
For local communities, carbon-credit projects provide extra income, soil restoration, and ecological benefits.
If done transparently and sustainably, Gujarat’s carbon-credit ecosystem can cut emissions, support livelihoods, and set a model for India’s climate action.