Transforming Solar Renewable Energy and Innovative Monitoring Solutions in India's Business World Interview on MCCIA News Channel With Nitin Sir (MD)
Business initiative to increase turnover from 1 crore to 100 crores.
Suryalogix Pvt Ltd offers reports to customers based on analysis of various parameters
There are around 8 to 10 companies in India providing high-level automation services in the renewable energy sector
The company has seen a significant growth in turnover in the last three to four years, reaching around Rs 30 crores per year. The sector is considered to be an emerging and profitable one, offering opportunities for innovation and new products.
Importance of savings in startup industry
Savings play a crucial role in starting a business, especially in terms of capital investment and initial job sustainability. Support from friends and family, as well as nurturing and building a skilled team, are essential for the success of a startup.
Renewable energy sector is evolving in the next 10 years
Investing time and cost in training freshers brings in valuable knowledge Challenges in job recruitment and development in the renewable energy field
Startup India scheme has been very beneficial for the company's financial growth
The company started with 30 lakh rupees in the bank and reached five and a half crores by making good use of the scheme. The scheme offers benefits like tax-free holiday for the first three years and is aimed at promoting interaction between government and private sector.
Success in business through hard work and skill
Entrepreneurship requires hard work and problem-solving Importance of identifying market needs and skill development for business success