Kunwer Sachdev: Founder of Su-Kam and Mentor at Su-vastika known as Inverter Man of india.
1. Background and Founding of Su-Kam:
Kunwer Sachdev, an Indian entrepreneur and mentor, founded Su-Kam Power Systems Ltd. in 1998. Hailing from a middle-class family, Sachdev identified the critical need for reliable power backup solutions in India, driven by frequent electricity outages. Starting with a small workshop in Delhi, Su-Kam grew into a leading manufacturer of inverters, UPS systems, and solar power products, revolutionizing the power backup industry with innovative, affordable technology.
2. Su-Kam's Profile and Impact:
Su-Kam became synonymous with power inverters in India, capturing over 35% market share at its peak. The company expanded globally, operating in 70+ countries, and diversified into solar energy solutions. Sachdev's emphasis on R&D and customer-centric approaches earned Su-Kam accolades, including the "D&B India Top Indian Company" award.
3. Challenges at Su-Kam:
In the mid-2018 Su-Kam faced financial challenges and consortium of banks took the company to NCLT from where Mr. Sachdev's journey of troubles started in which he was embroiled into the legal cases and fight the battle with the banks from tooth to nail and tried to save the company, but company went for insolvency and sold to third party. These issues led to Sachdev's eventual exit from active management, though he remained a respected figure in the industry.
4. Transition to Su-vastika:
Post-Su-Kam, Sachdev took on a mentorship role at Su-vastika, a newer company founded by his wife Khushboo Sachdev who stood by his husband like a solid rock in his bad times. Su-vastika focuses on advanced energy solutions, including solar hybrid inverters, lithium-ion batteries, and energy storage systems, aligning with global renewable energy trends. Kunwer's role involves strategic guidance, leveraging his 3 decades of experience to navigate market challenges and innovate in sustainable technologies.
5. Su-vastika's Focus:
Unlike Su-Kam's traditional inverter base, Su-vastika emphasizes green energy and smart grid technologies, targeting both residential and industrial sectors. The company aims to address India's energy transition needs, with products like solar storage solutions with large Lithium-ion battery banks for which they have already installed large systems for running hotels, hospitals,large offices and Industry to run completly on Lithium Energy Storage Systems replacing large generators and save pollution also designed Lift Inverter/UPS systems and EV charging solutions.
Legacy and Philosophy:
Kunwwer Sachdev is celebrated for his entrepreneurial spirit and resilience. His journey from a small entrepreneur to an industry leader, followed by reinvention as a mentor, underscores his adaptability. He advocates for innovation and sustainability, principles now embedded in Su-vastika's mission.
Key Points:
Foundational Impact: Transformed India's power backup sector with Su-Kam.
Mentorship at Su-vastika: Guides a forward-looking energy company focused on renewables.
Industry Recognition: Received awards like "Entrepreneur of the Year" (2012) for his contributions.
Kunwer Sachdev's story reflects both the challenges of scaling a business and the evolving landscape of energy solutions in India, positioning him as a pivotal figure in the country's tech-driven sustainability efforts.
Paperless Digital Warranty is the feature which creates confidence in the User, seller and the company. The Digital Warranty gives you peace of mind as you don’t need to keep any documents, and it works inside the microprocessor. The warranty works with the usage of the Inverter/UPS and not from the day you purchase the product.
Paperless Digital warranty in Inverter/UPS/Lithium battery
Computer screen where digital paper less warranty can be seenpaperless digital proof in the mobile app of Su-vastika
It is more convenient and environmentally friendly than traditional paper-based warranties.
User can check the warranty on their mobile phone if he has the Bluetooth or Wi-Fi converter installed in their Inverter/UPS
You do not need to produce the warranty card or cash memo in case of a warranty claim or need to call the dealer, as the Su-vastika supports the warranty.
The mobile app can log in to the customer complaint. Click the customer care button and log in to the criticism directly on the cloud server.
Once you log in to the cloud, it will automatically pick the credentials of your warranty. Registering the serial number on the cloud is unnecessary while logging the complaint.
Relax and enjoy if you have an inverter/UPS or inverter battery with a Digital paperless warranty. You don’t need to make any effort to register or keep any details of the dealer as the User can resistor complaints through the mobile application itself.
Su-vastika introduces this hassle-free, paperless and digital warranty in the world of Inverters/UPS/Solar Inverters/Lithium battery packs/Heavy Duty UPS etc. All in their product range for the customer’s convenience.
Paperless Digital warranty in Inverter/UPS/Lithium battery
A lift inverter, also known as an elevator inverter or elevator UPS, is a device that provides backup power to an elevator in the event of a power outage. It does this by converting DC power from batteries into AC power, which can then be used to run the elevator motor.
Lift inverters typically have three main components: a charger, an inverter, and batteries. The charger converts AC power from the mains into DC power, then stored in the batteries. The inverter converts DC power from the batteries back into AC power, which can then be used to run the elevator motor.https://suvastika.com/what-is-emergency-rescue-device/
When there is a power outage, the charger stops converting AC power into DC power. The inverter then switches to battery mode and converts DC power from the batteries into AC power. This AC power is then used to run the elevator motor.
Lift inverters can provide backup power for a while, typically several hours. The amount of backup time available will depend on the size of the batteries and the load on the elevator.
Lift inverters offer many advantages over other backup power for elevators, such as diesel generators. They are more compact and quieter than diesel generators and do not produce emissions. Lift inverters are also more reliable than diesel generators and require less maintenance.
As a result of these advantages, lift inverters are becoming increasingly popular as a backup power solution for elevators. They offer a safe, reliable, and environmentally friendly way to keep elevators running during a power outage.
Lift ups
Here are some of the benefits of using a lift inverter:
Provides backup power in the event of a power outage
Compact and quiet
No emissions
Reliable and requires less maintenance
The only challenge is that lift Inverter works when a power outage happens. It stops the lift, and then it starts, and there is a jerk happening, and the lift stops, which is very scary.
The lift inverter and Lift UPS costs, or Emergency Rescue device costs, hardly differ.
Another technology change is a Lithium battery with Lift Inverter, Lift UPS, or ERD for lift backups. The lithium battery-based Lift Inverter or Lithium battery-based Lift UPS or Lithium battery-based Emergency Rescue Device are sleek-looking products and come in a single box, and space is also saved.
The ERD having a Lithium battery is the safest lift backup solution which comes with the GSM-based monitoring system so that one can monitor the lift parameters as well.
Demystifying High Frequency vs Low Frequency Inverters/UPS
Two kinds of commonly used Inverters/UPS; High Frequency and Low Frequency. In common man’s words, High-frequency Inverters/UPS are those without Transformers, and Low-Frequency Inverters/UPS are those with Transformers.Demystifying High Frequency vs Low Frequency Inverters/UPS
But there is more to it. Let us understand……..
The main difference between High-frequency and Transformer-based Low-Frequency Inverters/UPS is the frequency at which they operate. High-frequency inverters/UPS operate at 20,000 to 100,000 Hz frequencies, while transformer-based Low-frequency inverters/UPS operate at 50 or 60 Hz frequencies. Transformer-based Inverters are more expensive and bulkier compared to High-Frequency Inverters/UPS. They are also more tolerant of higher and lower voltage fluctuations. However, they are larger and heavier and less efficient than high-frequency inverters. Chinese players mainly dominate High-frequency Inverters. However, Low-frequency Inverters are majorly made in India.
High-frequency Inverters have several advantages over Transformer-based Inverters, including:
Smaller size and weight
Higher efficiency
Better noise performance
Wall hanging models
However, High-frequency inverters also have some disadvantages, including:
They don’t have isolation between the Neutral and Line
More complex circuitry
Less tolerant of voltage fluctuations and spikes, and surges
Difficult to repair
How to choose between High-frequency Inverter/UPS or Transformer based Inverter/UPS?
The best type of inverter for a particular application will depend on the specific requirement of that application. For example, a High-frequency inverter may be the best choice if size and weight are important considerations. But if there is high and Low-voltage fluctuation, spikes and surges in power supply at the site, you need Transformer based Inverters to protect your Inverter and appliances. For Heavy, Industrial, Mechanical, and Induction loads, Transformer based Inverters are always recommended due to their power to absorb voltage fluctuations and surges. Expensive and Sensitive Electronics devices are always at risk with High-frequency Inverters.
Why is a Transformer important in an Inverter/UPS?
Isolation plays a major role in the functioning of the Inverter/UPS during the charging period as there are voltage fluctuations, High and low voltage happening during that period which typically burn the MOSFETs in high frequency based Inverter/UPS.
Another challenge is weak Neutral in a few areas, which has become a major cause of MOSFET burn in high-frequency Inverter/UPS as there is no transformer to isolate neutral and line from the grid Power.
Since the High frequency based Inverter/UPS is working on a High frequency, they interfere some time with the TV or other running equipment, as the high frequency is transmitted around sensitive types of equipment like TVs, and one can see lines appearing in the TV when the Inverter/UPS is working.
The High-Frequency Inverters have no issues in Developed countries where the Grid power is very stable, like the USA, Britain, France, Russia, Denmark, Germany, Japan, Belgium, etc.
But suppose the same high-frequency inverters are installed in African countries like Nigeria, Sudan, Uganda, Kenya, Congo, Ethiopia, Botswana, South Africa, and Tanzania. In that case, Middle Eastern countries like Yemen, Syria, Iraq, and Lebanon or South East countries like Bangladesh, Pakistan, and Sri Lanka, wherein there is high and Low voltage fluctuation, then there are very high chances of MOSFET failure and other circuitry problems.
The transformer acts as an Isolator and balancer in the Mosfet-based circuitry, which creates the Isolation between the Line and neutral, so any disturbances on neutral or line can be grounded.
Also, the switching or transfer time can be lower for transformer-based Inverters/UPS. In this case, Computers and TVs can work uninterruptedly.
The transformer-based Inverter can be automatically designed for 50 and 60-Hz switching, which is impossible in a high-frequency Inverter/UPS. In case of High or Low voltage fluctuations, the burning of MOSFETs can happen in High frequency based Inverter/UPS.https://suvastika.com/our-smart-ups-having-50-and-60hz-automatic-switching-technology/
In case of multiple times Overload and short circuit, there is a high probability of Mosfet burns in high frequency based inverter/UPS.
Even in the installation of Online UPS based on High-Frequency technology, the same problem happens, and that’s why they are advised to install a separate external Isolation transformer alongside the High-frequency Online UPS.
The same concept is followed for the Solar grid feed Inverter installation, and the Isolation transformer is compulsorily installed in large buildings.
The Transformer based UPS with ATC feature has the advantage over the High Frequency based Inverter/UPS.
Here is a Table summarising the key differences between high-frequency inverters and transformer-based inverters:
Feature
High-Frequency Inverter
Transformer-Based Inverter
Operating frequency
20,000 to 100,000 Hz
50/ 60 Hz
Size and weight
Smaller and lighter
Larger and heavier
Efficiency
Higher
Lower
Multiple time Overload and Short circuit
Chances of MOSFET burn
Stable
Ability to handle high-voltage and low Voltage
Mosfet burn
Higher
Cost
Less expensive
More expensive
Complexity
More complex circuitry
Simpler circuitry
Tolerance of high Surge current for running heavy motors etc.
Less tolerant
More tolerant
Switching or transfer time
Higher
Lower
Ultimately, the best type of inverter for a particular application will depend on the specific country and the stability of the Power Grid.
Generator compatibility with home inverters/UPS is critical to ensure the generator’s output waveform is compatible with the inverter’s input requirements. If the generator’s output waveform is not compatible, it can damage the inverter and/or the appliances connected to the inverter. Another critical parameter is the Frequency of the generator, which can play considerable havoc on the Load connected through it. Hence, Inverters/smart UPS need protection for High Voltage, Frequency Limit and waveform compatibility. If these factors don’t match, the inverter/Home UPS will not pass the power through it when the generator switches on in case of a power failure. Inverter/Home UPS will keep running without recognizing the generator power.Why Generator and Inverter Compatibility Matters
Why Generator and Inverter Compatibility Matters
There are two main types of generator output waveforms:
Modified sine wave: This is the most common type of generator output waveform. It is less expensive to produce than a pure sine wave, but it can be more problematic for some appliances.
Pure sine wave: This is the highest quality type of generator output waveform. It is more expensive to produce than a modified sine wave, but it is compatible with all appliances.
Inverters also have two main types of input requirements:
Modified sine wave: Some inverters can accept a modified sine wave input. However, this is not recommended, as it can reduce the lifespan of the inverter and/or the appliances connected to the inverter.
Pure sine wave: All inverters should have a pure sine wave input. This is the only way to ensure that the inverter and the connected appliances will not be damaged.
The Output Voltage from the Generator must be within safe Limits of 140 V to 275 Volts.
The frequency coming from the Generator has to be within limits, say 47 to 52 Hz.
The generator’s output Power has to be higher than the power of the Inverter/UPS connected to the Generator.
In Su-vastika”s UPS we have given the Wide UPS mode, which works on the Wide voltage range, so even if the Generator is giving as low as 100Volts to as high as 280 volts, it will let it pass in that mode, especially the UPS with ATC model.
For the Frequency range, we have designed our UPS to the 43Hz to 55 Hz to bypass the frequency, which is an extensive range to perform for any generator
one can see in the mobile app while running the generators and Incase the generator shoots the voltage limit or frequency range. The UPS will take the protection and not bypass the higher or lower voltages and higher or lower frequency, which can harm the appliances attached to the generator and inverter/UPS.
Why Generator and Inverter Compatibility Matters
Therefore, matching the generator’s output waveform to the inverter’s input requirements is essential. If you are unsure about the compatibility of your generator and inverter, consult a qualified electrician.
Here are some additional things to keep in mind when choosing a generator for your home inverter:
The generator’s wattage must be sufficient to power all the appliances you want to connect to.
The generator’s output waveform must be compatible with the inverter’s input requirements.
The generator must be properly sized for your home’s electrical needs.
The generator must be placed in a safe location away from your home.
By following these guidelines, you can ensure that your generator and inverter will work together seamlessly to provide you with reliable backup power otherwise one will face issues with the Inverter/UPS as Inverter might not switch when the mains power fails even when the generator is started as if the generator does not match the conditions the inverter will not let the power pass through it.
Blogger/Writer Kunwer Sachdev: All You Need to Know
My primary interest area is Technology, especially In Lithium batteries, Solar Power On Grid and Off-Grid, Energy Storage Systems, and Sharing personal experiences and insights. Electric Vehicles, technology etc., can help people read my learnings. I have learnt to put my thoughts in writing and have been writing on various topics, whether Technology, HR, Management, Psychology etc. and learning to put my thoughts in a much better way. I have been writing for Newspapers and magazines my thoughts already.https://timesofindia.indiatimes.com/blogs/author/kunwer-sachdev/
The more I write, the better writer I become, and I will keep writing on these subjects as I have learnt a lot during my entire life and still learning, so why not pen down my thoughts that might help someone improve or relate to my experiences?https://www.saurenergy.com/tag/kunwer-sachdev
Blogger/Writer Kunwer Sachdev: All You Need to Know
Blogging and writing articles have become my passion now. I have run Su-kam for more than 30 years and got a lot of insights to share as Su-kam became a big brand over time, so I tried to think what were the right things I did to make it a big brand and what were the not-so-right stuff as well.
My experience of hiring, mentoring and training employees and my travelling and meeting so many people in my life and learning from them and the areas I have visited having different cultures etc., has given me a lot of experience, and it’s the right time for me to share my thoughts with the netizens.
Based on my experience, I have worked out some significant setbacks and mistakes in the general hiring process. Taking heed of those could help find talented individuals for every industry in India.
Vague or no defined Job Descriptions
Job descriptions play a critical role in the hiring process as they serve several vital functions, like defining the scope of the job. Generally, most organizations in India need to make a job description with result oriented matrix which is measurable. They need a clear idea about what work they will take from an individual.
A JD clearly outlines a particular role’s responsibilities, duties, and requirements, which helps attract suitable candidates and ensures everyone is on the same page about the position’s expectations.
A well-written job description with measurable parameters can help attract deserving candidates by highlighting the job’s key responsibilities, qualifications, assessment criteria, and the future matrix for the candidate. When the candidate is selected, the HR department usually feels that their role is over, and the part starts from there on how to align the person with the company goals.
It is the crux of the problem, as with a well-defined job description, it becomes easier to evaluate the performance of an individual.
The communication medium in the interview
Most of the time, HR people try to take interviews in English, where the candidate may need to be more comfortable. The assessment of candidates is impacted as we can’t find the person’s real personality in such cases.
Moreover, some jobs don’t require English speaking at all. Therefore, the candidate should be judged on the job profile, and communication medium should be used according to the job requirement.
English has become a tool for accessing the candidate, which has become a major challenge as sometimes HR people run down the person sitting in the interview with the English speaking.
Rather than interviewing a candidate, they start giving their interview by showing the candidate how good they are in English.
In India, the level of one’s English can vary greatly depending on a candidate’s background and education, and it may not accurately reflect their ability to perform the job.
Additionally, it is not uncommon for highly qualified candidates to feel nervous during an interview, which can impact their ability to communicate effectively in English.
The people who have been working for a longer time in any organization don’t know how to give interviews as they were working in an organization for a more extended period and not exposed to discussions, so they might not be suitable for consultations on the other hand, What specific changes should be made to the hiring process in India?
How can HR departments better assess candidates’ qualifications and abilities beyond their English language skills?
What steps should companies take to verify the authenticity of candidates’ resumes and other documents? People who have been hopping jobs become experts in interviews as they keep giving interviews regularly. English has become the first language in corporate India, which is a significant cause of concern as HR people feel that important for the candidate to speak fluently.
Ignoring Family Background
Generally, in Indian culture, individuals who are excellent in academics turn out to be bad managers as they are not very social. Their focus was always on their studies. They may be good in memory tests or IQ, but social skills are essential for making a manager.
The points that need to be focussed on while hiring people in India are the background of the family, the role of father and mother in the upbringing of that person, sports played in school, college, etc.
The HR people hardly have 5 to 10% of the weightage for the background check of individuals. It should be worth 60 per cent of the interview process.
This is because the person who performed excellently in the previous organizations will also have a high chance of performing better in the new organization.
If the person is fresh, we need to check whether the status he gave in the interview is accurate or whether he has lied. In the discussions lying is very standard practice.
6 Catastrophic Mistakes made by HR Department while hiring
They are not confirming the authenticity of salary slips.
It is a standard practice for the interviewees to lie during the interview. The HR people also need to be smart enough to understand if some fake experience is added to the resume of individuals.
Moreover, there are events when candidates appear with fake salary slips and certificates. HR people should have a standard procedure to verify all these documents.
There are better ways to confirm than calling people on the phone. Companies should hire an agency that can verify these facts personally.
By not linking Individuals to the Company’s Financial Goals.
The work of the HR department continues after conducting the interview and selecting a person. One of the HR department’s significant challenges is linking the hiring person to the company’s financial goals.
The JD needs to have a clear role after joining the review process. Linking hired individuals to the company’s financials always needs to be included.
It indirectly affects performance evaluation, loss of incentives, slow career development, and termination in some extreme cases.
It’s essential for companies to regularly assess the performance of their employees and provide opportunities for growth and development, including training and support, to help them meet their financial goals and contribute to the company’s overall success.
Induction
induction program
Final Thought
The general practices of hiring individuals are hard-knitted within Indian culture. There is a substantial need for the HR departments to reconsider their hiring strategies and focus more on the potential of the individuals rather than their academic backgrounds.
Developing a strong set of unorthodox questions would make it easy for HR people to find the best-talented individuals for the relevant companies.
[av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” av_uid=’av-lh091cd4′ custom_class=” admin_preview_bg=”] Most employees hired as managers or project heads in India fail to perform as managers. Even though they get in the ranks and reach General Manager or Vice President level, they can’t lead as managers.
A handful of people in any organization are responsible and run the entire organization and don’t care at which level they are but drive the organization.
Managers are expected to take the lead on their own, get involved in the growth and development activities of the company, get involved in systems and processes corrections or maybe at times make processes for the smooth functioning of the organization, be responsible for timelines, plan division of work as per the capability of each member of his team and most importantly monitor them and guide them as and when required. How many people he developed as Managers during his stint as a manager is the benchmark of his success.
Nowadays, companies have a lot of limitations. They hire people who are already General Managers working in any other company. Then they engage them as General Managers or AVP in their organization, and those GMs or AVP seek better pay and position. But unfortunately, they don’t last as good managers because the skill set required to be a manager is missing.
I wondered why people don’t become managers, especially in India or maybe in developing countries.
This is an article about Kunwer Sachdev’s blog on the Times of India website. It discusses job descriptions and their importance in the hiring process. In India, many organizations fail to create detailed job descriptions. This can lead to confusion and problems during the hiring process. The author of the blog is Kunwer Sachdev, an entrepreneur and innovator.
If entrepreneurship is also about turning failures into successes, Kunwer Sachdev is a born entrepreneur.
This is an article about a company called Su-kam Power Systems Limited. It discusses the company’s basic information, including its authorized capital, paid-up capital, and directors. The company was incorporated in 1998 and is currently active. It is a non-government company that is registered in Delhi.
Meet man who once used to sell pens on streets, now owns Rs 2300 crore company, got idea from…
Setting goals and achieving goals are two different things because winners and losers have the same goals, but most fail and few win. Kunwar Sachdev is one such example of achieving his goal. The saying “one thought changes your entire life” is often heard but rarely demonstrated. Kunwar Sachdev, for example, used to make a little money by selling pens door to door. One day, however, he had an idea and decided to invest some money to launch a successful business that is now operating not just in India but also in many other countries.
IBBI – A Law Impacting Entrepreneurs and Make In India Campaign
The new law, Insolvency and Bankruptcy Code made with excellent intention by the Narender Modi government,IBBI – A Law Impacting Entrepreneurs and Make In India Campaign as he has the vision and the guts to change the country. Still, the law’s implementation is full of flaws, regulations keep changing every six months, and the intention with which they were made was never achieved. Instead, it became the tool for the destruction of existing Indian companies, as the companies that the Indian entrepreneurs built through blood and sweat were ruined with a single stroke of admission into the NCLT. The banks also lose their investment. The primary intent of making this law was to revive the companies and make them run if they were in trouble, then preserve their value and run them so that employment is not lost, banks can make their investments safe, and suppliers and other stakeholders can get the value. Still, if we see the data until today, most companies admitted to the NCLT have gone into liquidation, where entrepreneurs, banks, employees, suppliers, distributors, and customers suffer huge losses.
The Domino EffectThat Harms Everyone.
One big company going into liquidation creates a situation where a few suppliers and distributors also go bankrupt, which no one notices.
This law was enacted with the right intention by the BJP government, but who were the people involved in making these laws? Were they entrepreneurs, politicians, bureaucrats, advocates or academicians or bankers? In India, when the rules are being made, generally some people are chosen to make the committees who have hardly any knowledge about those subjects, or people who are celebrities in these fields are made members and don’t have time to look into the nitty gritty of that particular law point. So this law was imported from the United Kingdom and enacted, and then Indian thought was mixed with this law.
If we see the complete history of this law, we know that it keeps changing every six months. Changes were made randomly, and still, more lacunae are found out later, and changes keep happening, but a lot of money from banks is already lost. Entrepreneurs are also ruined, and so many people are suffering. However, even today, the mess is still there, courts pinpoint the areas where lawmakers did not clear so many aspects of the law, and the grey areas are left. The ultimate objective of this law didn’t achieve its purpose, and the destruction was rampant. Initially, banks were also very enthusiastic about quick recovery from this law but also realized it was a destruction of their loan amounts. As the law progressed, bankers were also punished by being put behind bars, and the bankers stopped disbursing loans. Now another challenge started for the government: bankers were not ready to give loans, and the government tried to convince them that no action would be taken against them. Most entrepreneurs were put behind bars, and the CBI, ED, and SFIO all started the harassment for the same cases. First, CBI came, then ED, and then SFIO, asking the same questions repeatedly.
Who were to decide that the loans they classified as bad loans were bad because, one day, the RBI changed the definition of bad loans to put a spanner in the running economy, which used to have easy money available? Businesses were growing fast, and maybe a few entrepreneurs and bankers were taking advantage of the systems that could have been improved by an alternative method. Implementing this law at a large scale without due diligence was a big goof-up. Still, one fine day, everything is changed without adequately considering what will happen if we restructure the system overnight. What will happen to Make in India companies that could be destroyed with this law? Are we prepared because there were many agencies for implementation, and they were not prepared and trained to handle such a situation?
IBBI – A Law Impacting Entrepreneurs and Make In India Campaign
The major challenge was determining who would run the company during the moratorium period. Their things were taken very lightly, which became one of the primary reasons for failure. The government created a post for a resolution professional and made an exam for the professionals to come and clear the exam and become the RP. All professionals who were not settled in life or people who were young and inexperienced cleared the exams and became RPs.
Big 4 And the Corruption
The next big goof was when those big four jumped into the arena, seeing the massive potential of making money, and they put these RPs on their rosters, or some other agencies that were doing similar businesses came to the fore and hired these RPs.
IBBI – A Law Impacting Entrepreneurs and Make In India Campaign
The corruption started significantly as the RPs gained experience, and they never ran companies. Even the big four never ran the companies and lacked the entrepreneurial skills and expertise to run the companies. Even the lawmakers who enacted the laws did not know how the companies were run. In the company changing management is not possible, and if done overnight, the company can be finished; this is a very tricky situation. That’s why entrepreneurs are struggling to keep their flock together who know their job, and everything is not black and white and governed by the laws that happen wherever the government functions runs on the system and processes whether they are being adhered to or not.
So when they enacted the law, the first thing was to publish an advertisement in the newspapers that the company had gone into liquidation, so please file claims against whoever had to take money from the company.
Now, people running the companies know that one day the company’s valuation will take a big dip as soon as this announcement is made in the media because all the stakeholders will stop investing money, time and effort as they become insecure about the company. The company will take a big hit. All the stakeholders or customers get a jolt about what will happen next to the company.
The customers are swayed away by the competitors with bad stories. Employees become insecure, and suppliers worry about what will happen next.
IBBI – A Law Impacting Entrepreneurs and Make In India Campaign
The IBBI guidelines do not mention the handover of the company or employees or procedures for dealing with an existing entrepreneur and the employees, suppliers, distributors, or customers. How to run the current concern as a going concern, and everything is left to the RP and his team, supported by the team provided by the companies that have hired the employees, and now the loot maar starts. Banks generally do not want to invest, and now the company that is at this stage and having cash flow issues and other issues is paying the bills of RP and his team, which can’t contribute to running the company. They only try to scare the promoter and employees with their powers. Most good employees leave the company, and a significant portion of expenses are done in the name of following processes and procedures. The company becomes broke in no time. The company which goes into the NCLT already has a very tight fund flow position, and the moment they enter, they start charging the company for various people and processes, which becomes an enormous burden on the company, which is already stressed and most of the time banks don’t invest money to save the cash crunched company. These big four make fat bills in the name of processes, people and legal expenses, which become the sure-shot recipe for a company closing down and going for liquidation. Once the running company closes down, its value is eroded completely. This has happened to most of the companies which went into the NCLT. First, the running companies are closed down by these people and then sold to buyers at 5% to 20% of the company’s value on the valuation they took over. The valuation of the company is a standard procedure in which they have to get it done by two valuers; one should get the data from the IBBI on how many companies are sold at the same valuation or more when these big fours entered the company if they have eroded the valuation than who is responsible that. Is the entrepreneur responsible for that destruction as he is kept out of the company from the day these firms take over? The RP and these big fours don’t involve the entrepreneur even in the valuation process and don’t give him valuation reports in the name of the law. Still, once everything is sold at throw-away prices, they demand the rest from the entrepreneur.
IBBI – A Law Impacting Entrepreneurs and Make In India Campaign
IBBI – A Law Impacting Entrepreneurs and Make In India Campaign
Why keep the promoter out of the valuation is a big question mark, so his company is taken over. He doesn’t get a chance to show the valuer what he has created as the promoter is the first and the last person in the small and mid-size company to tell the valuer what is lying where and how much it can be valued and to whom can be sold but that not the valuer’s concern. But not involving the promoter in the valuation and not telling him the valuation after it is done is a fundamental right being denied to the entrepreneur.
How Are Suppliers Affected?
Even the suppliers face the next significant brunt as the law stipulates that the supplier can’t get the money for his previous supplies. He can get only new money against the new supplies, which makes him pissed off and not ready to cooperate with the management, and the administration is unique. It can’t give him any commitment or assurance. So the supplier is insecure, employees get insecure, and the promoter is put in a legal tangle where he is a defaulter. He is answerable to every government agency in this world. He is accountable to RP, the banks, forensic auditors, and later to the CBI, ED, and SFIO. Now he will become old, answering to all these agencies, and will be harassed till his death.
The purpose of the law was to run the companies, which are stressed by the promoters, and give another chance to the champion to make another company and add value to society, but what came out was that the promoter was fighting his legal battles and lost his reputation. The agencies and banks also didn’t get their dues. These same agencies and countries also harassed bankers as a whole. Once the CBI raid is done, the promoter’s name and company names tell how much money he has embezzled and not what he has created, such as what brand or what kind of factories and human resources he has trained, how much tax revenues he has created for the country, how much exports he has created, or how many establishments with knowledgeable people he has built around him.
Let us take the case of Su-Kam, and when they entered the company, RP got the valuation done, which was the process part, he got the value done from two valuers, and it was approximately 300 Cr which was higher than the loan amount of that time. This valuation was done by the RP, keeping me in the dark and repeatedly, they didn’t disclose the valuation to me, which is a big question mark for the IBBI process as the banks and IBBI for the RP and the agency which ran the process whether these people sold the company more than its valuation or not. If not, then it’s a significant loss they have done to the exchequer as they could not do the right job. We are losing on a critical point as this should become the assessment point for the banks and IBBI. The bank was overdue on the day of the company going to NCLT at approximately 260 Cr, and the banks filed a complaint with the CBI that I owed them 260 Cr, and CBI filed an FIR against me and started proceedings against me. I have a question to ask from the banks and IBBI why didn’t they file the same complaint against the RP and agency handling the liquidation about how much loss they created for the exchequer by selling the company at such a low price and so many people lost the jobs and suppliers got ruined. Dealer distributors lost money in warranties, and a few closed their shutters. Where is the company valuation they took over from me and valued at Rs 300 Cr? If the company’s valuation was 300 Cr after the advertisement of liquidation, imagine they had done the valuation before the ad in the newspapers. It would have been 500 Cr plus. This has no significance in the whole process while the company is in the NCLT, as valuation is only done as a formality. In contrast, it should be seen as an entrepreneur’s honesty.
The government spent so many crores on skilling but couldn’t get jobs for the people, but here, entrepreneurs hired people without any skills and made them talented. So many people went abroad with the help of the entrepreneur’s professional setup. Now that the kids of entrepreneurs are watching their parents go through these uncertainties and bad times where all the agencies are after you, CBI, ED, SFIO, and legal cases in DRT, NCLT, high courts, or local courts being harassed by cheque bounce cases by the customers and suppliers that the company bounced. All the customers are filing cases in local courts against the company and the entrepreneur, and the company has a moratorium, but the entrepreneur has no moratorium. So, we keep going from one court to the other, fight our endless cases, and die fighting these cases, and people who are close to us will never dare to do business in this country. This law has created fear among the entrepreneurial community, as the question is not whether companies will prosper or fail but whether your business will fail in India. If you have taken a loan from the bank, then the failure of your business will become a battle for an entrepreneur, as his case will be classified as a fraud account by the banks, and his case will be handed over to the CBI for investigation. The same harassment will continue by the other agencies. Since these agencies don’t have the time to investigate such a massive load of cases, the investigation continues, and maybe till our deaths, these cases will not be decided. So, this is the real story of a failed business entrepreneur. I will die with the blame that I made a significant loss for this country by taking loans from the banks, and I’m a fraudster in the eyes of the common public. Every day such news appears in the newspaper that the entrepreneur made losses to the bank to the tune of 1000 crore or 2000 crore, and the ordinary person does not understand the meaning of this news. But there is not a small column in the news that states that when banks take over the company, then what was the company’s market value, and the rest of the amount is a loss to the banks and not the complete loan taken from the banks is a loss. The banks and the system make the rest of the loss.
Many companies that were examples of Make in India got perished and went into liquidation, and the expertise that the entrepreneurs had created went down the drain. It is a significant loss for the nation as a whole. Su-Kam is one example of the destruction done by this law, as it went to the NCLT in April 2018, and Kotak Bank was ready to give me an investment in 2019. They committed 250 crores as an investment into the company, which was refused by the bankers sitting in various courts, and the su-kam case went on in different courts. The ultimate banks received eight crores in principal out of 260 crores, and the company was sold for 50 crores. Out of 50 CR banks, while running the company, PWC already had loans from the supplier and made bills for running the company, which they couldn’t run for more than one year, and for legal expenses and salaries due to the employees, etc.
So the result is that the company was valued by them when they entered after RP loved NCLT by two valuers at Rs 300 cr, and the banks got only eight cr, for which probably the legal cost incurred by them will be more than that. I’m sure. The entrepreneur destroyed suppliers and got nothing; employees lost their jobs, dealer distributors suffered losses financially and reputationally, and the customers didn’t get service for the product they bought. Then who got benefit out of this saga?
The Supreme Court has set aside the fraud declaration by the banks as a wrong step, and we have already lost reputation, health, and confidence because of the fraud declaration. CBI registered a case against me and harassed suppliers, dealers, distributor employees and me for more than two years, and CBI also spent resources investigating the case. They called at least 100 distributors and suppliers employees, and so many were connected to the company that they were harassed. So this one case is study material for the nation, showing that a small wrong can destroy so much for so many. How will I get my pride back that I’m not a fraudster and I had a role in building the nation by creating a company which provided direct employment to 3000 people and made technology patents, kept China away from the Inverter Industry, created exports against China created RnD in the industry. They built world-class factories in India worth visiting with all the latest machinery and infrastructure sold at a meagre amount of 50 Cr. My one battery factory was constructed at an investment of 80 Cr. All my factories’ brand and distribution network was sold in Corona Times, and the buyer deposited money for two years when the properties alone could be valued at 200 Cr. Is this the fair system, and I’m asked to pay for the rest of the amount where the interest amount continues every day, and my loan of 260 Cr has become 550 Cr and will continue to add every day?
Can the Supreme Court or any other court in India get me back my five years of fighting my battle rather than decorating myself for creating an industry where I developed export of inverters rather than importing the inverters? I stopped China from entering India’s inverter industry. In the last five years, all Chinese solar inverters are ruling the market, for which my R&D had already developed the technology, which has gone to waste.
The recent development is that my RP and liquidator were found guilty in the Su-kam Power Systems Ltd. case, barred from the practice, and imposed a fine. My concern of Sharing concerns about IBBI law is not my issue only. Many companies and entrepreneurs have faced the same fate but are silent.
I thought I had the right to ask these questions and write for many entrepreneurs facing similar challenges.
To understand the charging time, one has to understand the charger’s capacity, which has been designed by us so that it charges in the defined period.
Multiple types of batteries are available in the market, with advantages and disadvantages; accordingly, we charge them based on their characteristics.
For example, if we have to charge a Tubular Lead Acid battery, we have to take a minimum of 10 hours before completely charging it.
If we try to charge faster, these Batteries will be short-lived and need frequent water topping.
Water topping in Tubular battery
If we have to charge the Valve Regulated Lead Acid Batteries, which are called sealed Maintenace Free batteries, they need to be charged in 6 to 8 hours, and if we try to charge them faster than that, their life is also reduced.
In the case of Lithium batteries, we can charge them in 2 to 4 hours, and they are designed like that and have a double or 5-time life compared to Lead Acid batteries.
It’s very important how the charger of a UPS is designed to take care of the battery as the life of the battery will majorly dependent on the charger technology.
Our UPS has a charging capacity of 15 Amp, which can charge the 150 Ah battery in 10 hours and the 200 Ah battery in approximately 13 hours. So the charger size is very important to check before buying any UPS/Inverter.
The next parameter is how the charging is done. Is it flat charging, or it’s done in stages?
In Lead Acid, battery charging has to be fast till 80 per cent of the charge, but the rest, 20 per cent, needs little slow charging because the water is hot inside the battery when we are charging it, so we need to follow a pattern by which we reduce the heating when we are charging it so that water doesn’t evaporate and the more we control the heating the life of the battery is increased.
How the temperature affects the battery is very important to understand. External temperature is very important to take into consideration when we are charging the battery. If the temperature is high outside, charging is less to charge the battery, so the cut-off voltage is lower. Still, when the temperature is higher than the charging takes more time as we need to put in more charge to charge the battery. This technology completely is called ATC Automatic Temperature Compensation technology which is required by each type of battery to make it healthy and increase its life. Lithium’s temperature plays a major role, so we must stop charging if it crosses the desired temperature.
At Su-vastika, we have designed a six-stage charger to operate the charging based on the internal and external temperature of the battery.
The charging time and the inverter’s efficiency will define your home’s electricity bill.
People complain that their electricity bill has increased once the inverter/UPS is installed at home.
This is true because when customers choose UPS, they are not given enough knowledge about the product.
So we at Su-vastika designed the charger and Inverter technology based on an efficient charging circuit to minimize the bill. So it’s important to check the efficiency of the Charger and Inverter so that the battery size can be reduced if the inverter efficiency is higher.
The concept of trickle charging is also very important to understand as this can increase the electricity bill and reduce the battery life if not designed properly by the UPS.
The companies give the battery Life as a warranty by the battery companies.
So let us understand the concept of battery life as it depends on the UPS technology to maintain and increase the battery life or reduce it via charging.
Low Voltage areas.
In some areas, the voltage is very low, and charging doesn’t happen most of the time,t especially in rural areas, because the charger works under the range of specific voltage only like most of the UPS charger works properly from 140 to 270Volts. We at Su-Vastika designed our charger to work properly even if the voltage goes as low as 100 Volts. This helps properly charge the battery in 10 hours in the case of Lead Acid batteries.
In this scenario, the power quality becomes very important for the UPS. So there are three major portions.
Waveform of the Inverter
The voltage and frequency
Switching Time
So let us start with the Waveform. When the Mains line goes in the house, and the Inverter kicks in, then people hear the noise in the fans, and people come to know that fans are working on Inverter or UPS as the noise created in the fans is because of the impurity in the waveform. So companies use various types of terminologies like sinusoidal.
Pure Sinewave form
A square wave or quasi sine wave etc., but all these waveforms create noise and heat in the appliances and reduces the life of the appliances. The waveform we get from the Electricity department is pure Sinewave, so why do we take a UPS which doesn’t give us Pure Sinewave? We at Su-vastika design our products based on Pure Sine wave only so that you can run any sensitive appliances on our UPS, like TV, Computer Music Systems, etc., with peace of mind.
The voltage required for running the appliances is generally good for appliances is 200 to 230 volts which is ensured by our UPS and the Frequency of 50 Hz only.
The switching time in UPS is crucial so that TV and appliances are not interrupted when you watch any serial or work on the computer, where the data will be lost. So we at Su-vastika designed our switching time, which is less than five milliseconds, so that no appliances can see the power cut happening and they work uninterrupted.
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