Solar Energy Firm Raising Funds In Kozhikode
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Product / Service
They are manufacturing and distributing all types of scientific research, solar products, and consumer and home automation products with prompt after-sales service and technical support all over India within 48 hours.
Clientele type
They have approximately 7,000 customers all over India.
Premises
LEASED
Lease per month (in INR): 35,000
Security Deposit (in INR): 500,000
Carpet Area: 1,000 sq ft
Asking Price Includes
The terms of transaction will be discussed with potential investors.
Reason
The funds will be utilized to fuel their company's expansion, improve its market presence, and capitalize on emerging opportunities in various technology sectors, ensuring long-term growth and competitiveness.
Other Details
In 2012, they secured their trademark, solidifying their identity and dedication to quality products. The move to the Technology Business Incubator at NIT Calicut in 2014 further fueled innovation.
The transition to a formal workspace was accompanied by milestones such as the introduction of the first product, the DC Power Supply, to over 20 products at present. The subsequent years witnessed steady growth, with the purchase of the first company vehicle in 2015 signaling an expansion in operations.
The company's commitment to on-site service was underscored by the acquisition of a second vehicle in 2018 and another in 2022.
From a one-person venture in 2011, they expanded the team to around 10 by 2015, reaching 14 in 2017. Today, the company boasts a dedicated workforce of approximately 40 staff members, a testament to its sustained growth and success in the dynamic field of power electronics. The journey from a modest shed to a thriving organization is a testament to their adaptability and unwavering commitment to innovation.
Their commitment to excellence resonates not only in the quality of their products but also in the expansive reach of their services. With a customer-centric approach, they take pride in their vast network of over 1700 regular customers, spanning the length and breadth of India.
They specialize in making inverters, solar inverters, and special on-grid MPPTs. With the world shifting towards eco-friendly energy, there's a rising demand for solar tech, which they're ready to meet. Government support and new technology make the future look bright.
They have solutions to maximize solar power usage, even when the grid's down. Governments worldwide are encouraging solar power use.
Their DC Solar System with Home Automation makes using solar power super efficient, integrating smoothly with smart home setups.
Their Energy Storage Solutions store solar energy for nighttime use, perfect for those wanting reliable green power.
As electric cars become more popular, they're ready for solid EV charging infrastructure.
Their agriculture drones help farmers monitor crops better, improving efficiency.
They're exploring industrial automation and robotics, keeping up with the trend towards more efficient manufacturing.
Their Solar DC Home Automation System brings sustainable energy to households, helping them go green.
They're committed to innovation, expanding their product range to make a bigger impact.
Their impressive turnover shows steady growth and resilience in the market.
They've got a fleet of service vehicles, ensuring quick and efficient customer service.
In the next five years, they plan to grow their team to 150 and increase turnover to a whopping 450 crore INR, showing their adaptability and vision for the future..
Investment:
Investment: Initial Investment: 1 lakh INR.
Current Investment: Continual investment in infrastructure, technology, and R&D initiatives worth 3 crore INR.
lists the machinery they require along with their respective costs in INR
| Technology | INR |
|----------------------------------------------------------------------------------- |----------------|
Portable Inverter 4,00,000
Inverter upto 2 KVA 8,00,000
Inverter 5 KVA 10,00,000
Solar Portable Inverter 6,00,000
Solar inverter upto 2KVA 10,00,000
Solar inverter 5 KVA 12,00,000
MPPT 5,00,000
PWM Power Supply 15,00,000
Function Generator 4,00,000
Miscellaneous Scientific Laboratory Equipment 30,00,000
Total 1,04,00,000
Business Tags
₹10 to ₹200 Cr
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