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Name of the Company: Ultimate Sun Systems Private Limited
Set up in: May, 2013
Based in: Gurugram, Haryana
Founders: B S Yadav and Narender Kumar
Funding received: Self-funded but in talks with private equity firms and angel investors to fund both through debt and equity. The firm is empaneled by State and Central Government agencies such as SECI, HAREDA, HIMURJA, PEDA, IPGCL enabling it to receive a subsidy for government projects.
What it does: It helps consumers switch to solar power and reduce their electricity bills by 20 to 40 per cent. It provides end-to-end power generation solutions and is involved in project development, execution, research and development, operation and maintenance services.
How it does it: By providing customised solutions in India’s transition to clean and renewable energy. It leverages its experience and in-depth domain knowledge to provide solar powered technology in two models – CAPEX or RESCO.
Big moment: Received the ‘Rising Star – Solar PV EPC Company of the Year 2017’ awardat India Solar Week.
Impact: Has delivered 5 MW of power thus far with over ₹20 crore in revenue through ongoing projects in Karnataka, Maharashtra, Uttar Pradesh, Punjab, Himachal Pradesh and Tamil Nadu.
Vision: To move beyond being a turnkey solar EPC company to becoming an Independent Power Producer in the distributed power generation sector. In the next two years it is looking to establish a stronger pan-India presence, followed by expansion into Asian and African markets by 2020.
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