[bootstrap heroes] how this 29-year-old built a rs 180-cr solar business in 5 years

India’s middle class is estimated to be 300 million in size. Electricity projects for 4th graders A majority of this middle class will be in top 55 cities over the next 15 years and these people will require electricity. U gas cedar hill mo The total power generation capacity of the country is 300 gigawatt (GW) and only 13 percent of the country’s power generation is met through renewable energy. Npower gas price per unit Of that, 13 percent solar energy constitutes about 8GW of capacity, which is roughly 3 percent of the overall power generation of India. Electricity usage calculator Companies wish to enter the solar power generation business because of the tax break provided by the government and the $100-billion investment expected to come in by 2020 to take the solar power generation capacity to 100GW over the next decade.

With this as the hypothesis IIT engineer Himamsu Popuri started Nuevosol Energy Private Limited in 2011, which in five years has crossed Rs 180 crore in annual revenues. Wb state electricity board recruitment Nuevosol builds solar mounting systems and structures for energy companies. Save electricity pictures This meteoric rise of Himamsu was clearly because he was able to tap into all the investments going into solar business. Gas kush More importantly, industries setting up solar farms were looking for consultants who could explain by execution why mounting of the solar panel structures is far more important than just laying it on the field. Gas leak in house “I was working on the corporate side of a solar energy company when people began to get confused over setting up solar panels across India. Gas vs electric oven It was early days and most were paying big money to understand solar energy,” notes Himamsu.

Founding team of Nuevosol: (From Left to Right) Sriram Dasari, Director – Strategy, Himamsu Popuri, CEO & Managing Director, Srinivas Maganti, Director – Operations, Harish Krothapalli, Director – Projects, Nikhil Babu P, Director – Design The early days

It was while graduating in 2009 from IIT-Madras did Himamsu find an interest in solar energy. Gas kansas city He was picked by Solar Semi-conductors, a manufacturing comany as an engineer. Electricity electricity goodness Within a year he joined Cirus Solar where he learned the ropes of setting up complete solar photo voltaic installations. Gas house gang While in that company he realised a business opportunity. Gas knife “People did not realise the positioning based on the movement of the sun allows the business to capture the most energy; the mounting of the structures are also dependent on the soil types,” explains Himamsu. Electricity billy elliot backing track This was knowledge that became a business opportunity. Electricity facts for 4th graders When he started the company in 2011 the fact that several solar installations ignored basic work was brought to the fore. Electricity kanji “We work with most EPC (engineering, proc urement, construction) companies and real estate companies to provide a turnkey solar solution for solar on the DC side, meaning we help them capture usable power by setting up our structures,” say Himamsu.

His first break came when a small engineering company asked him to set up a 1MW solar structure outside of Hyderabad. Gas density problems Since, he has 55 clients, including Azure Power, Tata Power, Sterling Wilson , ACME and Lanco, and has built 1GW worth of solar projects.

The business was set up with an investment of Rs 50 lakh (raised from friends and family) and since it is a straight cash business because of the nature of large corporate contracts Himamsu has been able to reinvest cash to run the business after that initial support. Electricity history pdf The business model

The company works on a per-MW basis charge or 1.5 percent of the total cost per MW. Gas national average To set up 1MW of solar power a company spends anything between Rs 6 and 8 crore. Electricity and circuits test The EBITA (earnings before interest, taxes and amortisation) for this business ranges from eight to 12 percent and works on low net margins.

Nuevosol takes time-bound turnkey contracts from infrastructure companies, which usually last for three to four months. Duke electric orlando Infrastructure companyies work with Nuevosol to understand the lay of the land and the number of solar panels that can be set up in the area. Gas station Himamsu’s team quickly works out the cost per structure and gets all the steel mounts manufactured and shipped to location, where his team then helps the infrastructure company to assemble the panels on the mounts. Gas z factor In some cases they install trackers on the panels to move based on the sun’s movement to gain maximum power. Gas zauberberg 1 Nuevosol is now a 250-member team and expects it’s revenues to hit Rs 500 crore in three years.

“These are ideas that are scaled sheerly because of the entrepreneurs ability to find an opportunity which was largely undiscovered,” says Sridhar Pinnapureddy, founder of CtrlS, the data centre company.

The competition for Nuevosol are the myriad private contractors and engineers that claim to understand the solar business. Electricity usage calculator kwh The opportunity does not stop there for Nuevosol. Ag gaston birmingham 120 Himamsu now has plans to design and execute rooftop projects for large corporates. Gas vs electric water heater Today, an average corporate pays Rs 12 per unit of power and solar is one way to be self-reliant energy-wise and reduce grid and wheeling charges. Electricity quiz and answers Himamsu’s company has set up the rooftop solar for companies like Infosys (in Hyderabad) and the Oberoi Group of Hotels.

“India needs energy and such companies that organise the unorganised in the engineering sector are very valuable,” says Mohandas Pai, MD of Aarin Capital.

Himamsu credits the successful establishment of Nuevosol and its seamless functioning to his friends and colleagues who were also the founding team of the company. K electric share price Nikhil Babu (Director- Design), Sriram (Director- Strategy), Harish (Director-Projects) and Srinivas (Director – Operations) joined him in 2011, and decided to make solar energy plant construction an organised business. Hp gas The future is in renewable energy and Himamsu has played the right notes to become a Rs 1,000-crore company in a decade.