Skip to main content

Green Power

By

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 endeavor 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 a 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 a business were Funding and Policies.
Since our business model does not exactly fit into the social entrepreneurship category we could not avail clean tech funding which is 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 a non-recourse loan. Finally, we had to approach to HNI for a 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 the sudden change in policy. Though it is virtually impossible not to get affected by policies, 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 a 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.

-----------------------------------------
Labels:

Comments

Post a Comment

Popular posts from this blog

Are You a Tech Startup Yearning To Create Societal Impact?

By
Hello there !!! Are you a tech startup yearning to create societal impact? If yes, then it’s time for you to be the torchbearers of a sustainable future. Lab32 is back to empowering you with the right skills and guidance required to scale your startup.  Facilitated by leading consultants, mentors & entrepreneurs, Golden Square  and T-Hub’s Lab32 is all set to enable startups to race towards their goals. This three-month-long sector agnostic program empowers ‘Minimum Viable Product (MVP) Ready’ startups to crack their product-market fit and Go-To-Market strategies. Program Benefits Business model refinement  by addressing the key features and crucial aspects of the startup’s core strategy  Failure rate reduction  by setting up milestone-based objectives & assessments    Nurtures growth mindset  to scale & expand the business  Helps startups identify crucial pitfalls , assess problems, and find solutions in their journey  Provides relevant connections  with leading industry p
3 comments
Read more

4 Features of the Ideal CA Office

By
  4 Features of the Ideal CA Office And how the pandemic has affected them When you hear about a Chartered Accountant and the nature of their work, a very clear image forms in your mind- A highly qualified and specialized individual in a full but tidy office stacked with files, bills, receipts, and documents, structured and organized in a way that only they can navigate. Needless to say, a CA may be very keen about their office space preferences. But what exactly does an Accounting Firm or Chartered Accountant look for in an office? What are the needs that an office needs to fulfill? Have these needs changed since the pandemic and lockdown? Here’s what we found out after speaking to a number of professionals: The unifying theme? Every practicing CA or Accounting firm, first and foremost, needs an office setup that is ‘Neat, Clean and Organized’. This is considered in the following aspects of office space: 1. Layout & Design Design and layout require attention to detail, as the in
10 comments
Read more

3 Ways in Which Co-working Enhances Productivity

By
Work is worship is what we’ve all grown up listening to, and by this very definition it is an exercise that is meditative, absorbing and indulgent. The purpose of work as defined by us has undergone a significant shift through the years. What began as a single-minded practical means to earn a livelihood, then became one of engagement and collaboration with fellow workers. The definition of work today isn’t just about earning for the self, but also ensuring that we are happy doing what we do. Being productive is therefore about getting the maximum done out of the few hours we put into work everyday. Different people work in different spaces and there are varying factors that affect productivity. While some work all by themselves and love their flexible timings, others work with organisations that focus on specific tasks and goals. Co-working falls midway between these two extremes. It allows professionals to go about their own tasks but also provides the opportunity to collaborat
5 comments
Read more