Skip to main content

Green Power


They have set out to bring in a change in the way Industries and Commercial establishments meet their energy requirements. While generating revenue with the business model the endeavour is to reduce India’s crude oil bill to the most possible extent.



Persept Solar is an Indian Institute of Management, Bangalore / NSRCEL incubated Independent Power Producing [IPP] company offering  ”Solar PV Power as a Service”. The green power from renewable energy source offered by Persept Solar aims to reduce the dependence on the expensive captive diesel power plants used by Indian Industries, Commercial Establishments due to the ever increasing power requirements.

Persept Solar has been in business for almost 2 and half years. It was founded by two IIMB Alumni, with the firm belief that Solar Power can address a significant part of the existing demand supply gap in the country.

We recently had a brief interactive session with the core team comprising Mr. Srinivas Ramprasad and Wg. Cdr. (Retd.) Rajendra Prasad. Below are the excerpts from the interaction


'How did the idea for your business come about?

While we were on a study tour at ESCP Madrid, one of our professors discussed the concept in our class. For a really long time we were looking to do something meaningful in life but our ideas were not shaping up we wanted to do something different after working for nearly 23 years in our respective organizations. The idea was quite appealing as this has a tinge of social service and the market was a blue ocean.

What have been some of your challenges/failures, and what have you learned from them?

A common denominator for all entrepreneurs is the challenge of starting a business, be it through inventing something, looking for a new idea within a business, finding the right opportunity to break into a business or buying into a franchise. And all of these take planning - organizing all the aspects so that you reach your goals. All entrepreneurs are also faced with financing their entrepreneurial venture.

2 biggest challenges that we faced during setting up business were Funding and Policies.


Since our business model does not exactly fit into social entrepreneurship category we could not avail clean tech funding which are available. The infrastructure funds expectation was quite high and Bangalore did not have a strong ecosystem for business other than IT and ITES. It was frustrating to get the funding as banks are also not coming forward for non-recourse loan. Finally, we had to approach to HNI for couple of projects. Right now we are in talks with a US based company for funding. We had initially based our business model utilizing government subsidy and assistance. There are many uncertain times which tend to be very tedious and tiring. We had lost a 5 MWp solar plant proposal (A huge proposal from the perspective of a startup company) due to sudden change in policy. Though, it is virtually impossible not to get affected by policies, but now we are creating projects which are self-sustaining and do not get impacted by the policy changes greatly.


Getting an office space also was a tedious job but with Golden Square’s plug and play office options located at prime location, we could concentrate more on the business than spending time maintaining our office. Apart from office space Golden Square provided us with secretarial services, conference room and a team of courteous and responsive staff that impacts our overall functioning of business in a big way.


What is your favorite aspect of being an entrepreneur?

Creativity, Freedom,Tackling Challenges, Self-growth and discipline.


Do you have any advice/suggestion for budding entrepreneurs?

Acquire how much ever knowledge you can, preferably work for some time in the relevant organization. Try to be creative and solution oriented when making crucial decisions and more importantly ethical. One should be mentally tough and physically fit to meet day to day challenges and last but not the least Perseverance is the key. Perseverance is undoubtedly an important aspect of successful entrepreneurship.

-----------------------------------------

Comments

Popular posts from this blog

The Serendipity Mixer at Golden Square

Serendipity: The unexpected good luck

Introducing the Mixer at Golden Square, a platform to meet like-minded people with similar interests, well it is all about Serendipity! How interesting could it be to make new discoveries that might lead to new opportunities and eventually to friends and collaborations? Yes, it is a lot of fun to share, connect and grow.
To give serendipity a nudge Golden Square is allocating spaces in terms of business interests and hobbies, the idea is for people who share common passions get in touch with others and explore the corners of new business opportunities.
We also have a space to share your pitch to Golden Square team so that we can connect you to Golden Square members who might need your products or services. Golden Square Team actively facilitates these connections to help Golden Square members get more done quickly.
If you would like to block a topic which you would like to coordinate go ahead and block a space while registering.
Date:- 6th April (Thu)
T…

Will I miss my flight?

To most of the city, it was just another day. Work went on at the Vittal Mallya Road branch of Golden Square just as usual, despite the sudden showers. The construction work at UB City blocked the roads, as it had for weeks now, but this didn’t hinder the flow at Golden Square Serviced Offices. Even lack of parking space had a quick fix in their hands. Mani was given a car to use as a shuttle, driving people to and from Cubbon Park, where ample parking space was available.


Yet, on this day, efficiency wasn’t the exact word of choice on the mind of one particular man. As I said, for most of the city, it was just another day, but for Mr. Bhaskar, this day was turning out to be a nightmare. Even though his flight would depart in about two hours, he was nowhere near the airport yet, not even on the road! He was still stranded at his office at Golden Square. You’d think that getting to the airport wouldn’t be the most difficult task in the world, and Mr. Bhaskar isn’t a sloppy man either. …

You might not need a physical office space at all. Educating customers is what we believe in – Golden Square

As of what we are seeing, we can understand that there is a remarkable rise in startups in the recent times. So this story is about Golden Square coming to the rescue of a company that wanted to avoid unwanted expenses by moving into a permanent office space. This company approached Golden Square for taking up a dedicated office space, our facilitators were having a detailed conversation with the client, it was understood that the team members generally work from home and are on the move most of the time.

There were only a few times when they had to meet at the office when there are meetings with the clients, making presentations and for training sessions. Our facilitators further gave an idea of what might best suit the client. So then the client was educated about snap office plan wherein space can be used at member rate whenever needed without bothering about the fixed monthly unproductive office cost.

The company was delighted by this idea and immediately signed up for Snap Office…