oida head quartered KOR Energy (India) Pvt. Ltd. has come into being to revolutionize the way solar industry is looked at by the businesses as well as the customers. When we speak about energy efficiency by and large, it not just only involve better & cost effective technology but also engages in making better house holds, better organizations and a better nation. The team at KOR Energy observes solar energy as the need of the hour and hence continuously strives to promote, educate and empower establishments through environmentally safe renewable energy technologies.
KOR Energy (India) was officially incepted in 2013 by promoters of Kor Capital, a financial consulting firm into funds syndication and mergers and acquisition consulting. During these years there were ample opportunities for renewable energy sector financing and mergers and acquisition consulting in renewable energy space more particularly in Solar Industry Space. Today, the company provides consulting services as well as solar power solutions to commercial establishments in India. Enabled by a rich network of industry experts, government officials, investors, financing institutions and other such key stakeholders in the Indian solar market, team KOR Energy’s expertise and research is strengthened by in-house knowledge resources such as price indices, project & stakeholder databases and a document library. “We also have critical in-house resources such as project database, manufacturing database, contact database, price index and a document library. This enables us to track and analyze the Indian market in a knowledge driven approach. This further helps us in offering customized solar projects with expertise in Design, Engineering, Assembling, Integration, Installation and Turnkey Execution,” speaks Sushil Kumar Sarawgi, Director, KOR Energy (India).
KOR Energy: The Beginning
A Graduate in Agricultural Sciences from Banaras Hindu University and Post Graduate in management in Finance and Marketing with 15 years of experience in the area of Banking, Wealth Management and Consumer Goods, Sushil Kumar Sarawgi began his career with consumer durable goods and then moved to the banking sector. Sushil’s last assignment in the job was with the ICICI bank as the regional head of the SME banking and corporate finance. In 2008, Sushil quit ICICI to start his own venture (which he later named as KOR Capital) where a group of ex bankers worked on mergers and acquisitions and financial consulting for SMEs and corporates.
In the last 3-4 years, the team was encountering more and more financing and mergers & acquisition proposals for the renewable energy sector. This basically stirred their interest in the sector and they began exploring it more. This further fuelled their interest in venturing into the energy sector. The interest later took shape of a fully fledged consulting and EPC company for Solar Energy Industry.
As in any other industry, the initial years were very challenging pertaining to the lack of professional approach and unavailability of competent manpower. Throwing light on the same, Sushil informs,“When we ventured into this space, the industry was in its nascent stage - specifically the rooftop energy segment. We spoke to people and perceived their misconceptions about solar power, solar installation. Understanding the need to change our focus from acquiring business to working on educating people about what benefits they are going to get from solar, we started approaching resident welfare association, societies and industry association for alerting and training them on solar activities. The approach was not to sell directly but to educate people more about what are the benefits that they are going to get if they move their energy consumption from conventional sources to renewable energy”.
This entire event experience changed the team’s approach towards selling and they found out that people were much more receptive. They were enthusiastic and after thorough research of what was imparted to them during the training sessions, they automatically approached team KOR Energy with their inquiries.
The Solar Services
An EPC and consultancy space providing end to end solution to clients for solar Energy in residential, commercial and institutional segments, KOR Energy helps their clients by reducing the energy cost through adoption of solar power. The services at KOR Energy starts from understanding clients’ power needs to designing appropriate solar system for them to complete EPC and Operations and Maintenance thereafter. The company provides consultancy services for optimizing energy efficiency for industries by using their existing processes with solar so as to drastically reduce their energy costs. Additionally, they also oversee debt and equity syndication for Power Projects.
A testimony to the successful implementation of their services is that of a Cold Storage in Haryana where team KOR Energy has worked with them and helped them implement one rooftop solar power plant. “We are more of a process driven company and we do not compromise on quality. Ours is a client centric approach. We design solution after understanding clients’ current operations, building architecture, power consumption pattern and many other factors. Our approach is towards long term commitment to client and customer delight. For us each client is a new case and needs specific solutions. We have obtained a lot of repeat orders from the existing customers and more than 60 percent of our business comes through existing references,” he
Further more, KOR Energy is currently managing the project management consultancy for one of the largest roof top solar projects in UP for which they have been rewarded recently. The team has used top of the line products that have never been used in India. “The product is only being used in the U.S. and UK market and for the first time in the roof top segment it is going to be used in India at a price that is almost equal to the price of the normal product. We have designed the entire procurement, system and everything in such a way that the customer gets the best product that is available in the market at a price that he is comfortable in paying,” he says.
Most Preferred Engineering Procurement & Construction Company and Project Management Consultants in the Roof top Solar Power Space
He further adds, “We are very much transparent in our business practices when it comes to the price of the material procured, the margins that we are keeping. We have goodwill with almost all the suppliers in the market. We import materials from abroad and procure from India as well. There are certain projects where it is mandatory to use Indian products. There are many customers who are insisting on foreign and imported products so we have very good relations with Indian manufacturers and exporters from various countries. We are never required to keep a stock of thing with ourselves because it is a project based company - we procure as per the requirement of the project”.
After the initial years of hard work, team KOR Energy has grown exponentially in the year 2017. Originally concentrating in Delhi/NCR, the company has expanded to Uttar Pradesh, Haryana, Maharashtra, Madhya Pradesh and looking for PAN India presence till 2018. “Our partners include Canadian Solar, ABB, Sungrow, Vikram Solar and Growatt; we with our partners are equipped to deliver the projects with best of industry standards. We cater our services to residences, societies, industries, schools, colleges, religious trusts and national and international funds looking for acquisition and financing opportunities in renewable energy space. We are also a Ministry of New and Renewable Energy Approved Solar Systems Integrator and an approved vendor with Delhi Government for Rooftop Solar Projects,” he informs.
Narrating about the future roadmap, Sushil says, “We want to be most preferred Engineering Procurement and Construction Company and Project Management Consultants in rooftop solar power space. We are developing best in class systems and procedures and highly trained manpower to execute such works in India as well as abroad. Our plan is to be listed company by financial year 2018-19”.
Span of Services
Commercial Buildings & Retail Centers
• Industrial Units
• Cold Storages
• Malls & Hypermarkets
• Institutional Buildings
• Healthcare Establishments
• Diagnostic Centers
Religious Establishments & Alternate Medicine Centers
• Naturopathy & Ayurvedic Centers
• Yoga Centers
• Coaching Centers
Sushil Kumar Sarawgi, Director
A Graduate in Agricultural Sciences and Post Graduate in management in Finance and Marketing with 15 years of experience in the area of Banking, Wealth Management and Consumer Goods, Sushil is an experienced consultant providing services in the area of Debt Syndication, Project Finance, International Finance, Real Estate Finance, Private Equity and Infrastructure Finance
• Solar Panels with 25 years of Performance Output Warranty
• Solar Inverters with 5 years of Replacement Warranty
• Hassle free timely, safe & reliable Installation
• Assured Best in Industry, After Sales Support
• Quick Installation
• High Anti Corrosion
• Globally Best Components
• Low Maintenance
• Safe, technically equipped& Reliable