Building Su-Kam · Sales & Marketing · Part 5 of 24 · Volume I

Scale · Capital · Manufacturing

Series hub · ← Part 4 · Part 6 →

Building the Empire — Six Factories, Reliance-Temasek Capital, and the SMF Battery Gamble
ORIGIN ARC · PART 5

Six Factories, Institutional Capital, and the Battery Bet That Taught a Brutal Lesson

Su-Kam scaled from a single unit to India’s largest power-backup manufacturer — six factories, institutional capital, and a dream battery project that taught me one of my most expensive lessons.

Card 1 · Scaling to Six Manufacturing Plants

Expanding production from Gurgaon to Baddi and Katha — inverter assembly, transformers, and a full manufacturing footprint certified under OHSAS-18001.

Card 2 · The Reliance & Temasek Investment

$10M institutional backing for a 20% stake — validating that Indian hardware manufacturing could attract world-class private equity.

Card 3 · The Sealed Maintenance-Free (SMF) Battery Gamble

Building an in-house battery empire when everyone said stick to inverters — a bold vertical-integration bet with a hard lesson attached.

“When Reliance and Temasek backed us with $10 million, they weren’t just investing in machines—they were validating that a self-made Indian manufacturer could build a world-class institutional brand.”
════════ HERO ════════ ════════ OPENING QUOTE ════════

“15 years of building — dealing with government agencies, approvals, architects, and contractors. All certified under OHSAS-18001. Looking back, I realize how much of my prime time went into construction. But these factories turned Su-Kam into a manufacturing powerhouse.”

════════ 01 — CORPORATE HQ ════════

01The corporate HQ — “Imagine a city powered by…”

After 2000, Su-Kam grew explosively. I built a world-class corporate office on a 1,000 sq metre plot in Gurgaon. It took 2.5 years to construct — seating for 150+ people, a proper canteen for 100, and interiors I personally designed and oversaw. Looking back, I now realize how much prime time I spent on construction. But at the time, I wanted every detail to be perfect.

Su-Kam corporate headquarters in Gurgaon with the slogan Imagine A City Powered By The Sun
Su-Kam Corporate Headquarters, Gurgaon — “Imagine A City Powered By The Sun.” The vision that drove everything.
Interior of Su-Kam corporate office showing workspace for 150 plus people
Inside the Su-Kam corporate office — a world-class workspace housing 150+ people.
════════ 02 — RELIANCE-TEMASEK ════════

02$10 million from Reliance-Temasek (2005)

In 2005, the Reliance Energy India Power Fund — a Reliance-ADAG and Temasek Holdings joint venture — acquired a 20% equity stake in Su-Kam for ₹45 crore. This was unheard of in the Indian inverter industry. The investment culture for manufacturing companies was just starting — investors had been burned by the dot-com bubble and were now realizing that manufacturing companies with brands could be the future.

THE TURNING POINT

~$10 million from Reliance Capital & Temasek for a 20% equity stake — the largest PE investment in India’s power-backup sector at the time. Read the Business Standard report →

The investors sent me to the US to explore an acquisition. I saw a US company functioning for the first time and realized we were good in certain areas but needed to improve in others. The deal didn’t mature, but the learning was tremendous — I brought back sample documents, processes, and standards that transformed how Su-Kam operated, especially in R&D.

════════ 03 — 6 FACTORIES ════════

03Building 6 factories from scratch

With the Reliance-Temasek investment fueling expansion, I built factory after factory:

Gurgaon, Haryana

2 manufacturing units + R&D building + corporate office. The nerve center of Su-Kam — where all product design and innovation happened.

Baddi, Himachal Pradesh

4 manufacturing units — inverter assembly, battery unit, transformer manufacturing. Built under the Himachal government’s subsidy scheme.

Katha, Himachal Pradesh

The palatial SMF battery factory — 6 acres, state-of-the-art, with a training hall like a cinema. The dream project.

Su-Kam factory in Baddi Himachal Pradesh
Su-Kam factory in Baddi, Himachal Pradesh.
Su-Kam Katha factory state-of-the-art SMF battery manufacturing plant
The Katha factory — Su-Kam’s state-of-the-art SMF battery plant.

15 years of building — dealing with government agencies, approvals, architects, and contractors. All certified under OHSAS-18001 for occupational health and safety. These factories turned Su-Kam into a manufacturing powerhouse.

Katha factory inauguration with Chief Minister of Himachal Pradesh Mr Dhumal
The Katha SMF battery factory inauguration — with CM Himachal Pradesh Mr. Dhumal. One of the best manufacturing facilities in India at the time.
Transformer manufacturing at Su-Kam factory
Transformer manufacturing at Su-Kam — building the power infrastructure that went into every inverter and UPS.
════════ 04 — SMF BATTERY GAMBLE ════════

04The SMF battery gamble — a dream that taught a brutal lesson

The SMF (Sealed Maintenance Free) battery factory was my dream project. I built it on 6 acres in Katha with the investment from Reliance-Temasek. The idea was revolutionary: everyone in India was using lead-acid batteries that needed regular water refilling and released unhealthy lead fumes. I wanted to bring sealed, maintenance-free batteries to the Indian inverter market.

Inside the Su-Kam SMF battery factory showing lead casting plate formation and assembly lines
Inside the SMF battery factory — lead casting, plate formation, and assembly lines.

THE COSTLY MISTAKE

I hired people from the battery industry who assured me SMF batteries would work on inverters. We had been using Chinese-imported SMF batteries successfully in our export markets — Africa, Middle East — where the warranty was only 6 months.

But in India, the minimum warranty was 2 years and above. The SMF batteries we manufactured couldn’t survive the deep-cycle usage patterns of Indian homes — long power cuts, daily cycling, extreme temperatures. The battery people I hired didn’t understand the difference between UPS backup (15–30 minutes) and inverter backup (4–8 hours).

A state-of-the-art factory. A dream vision. But the fundamental assumption was wrong. This was one of my most expensive lessons.

════════ 05 — SU-KAM AT PEAK ════════

05Su-Kam at its peak

5,000+

Employees

90+

Countries

6

Factories

70+

Patents

════════ SOURCES ════════ ════════ FOOTER ════════
Continue the journey: Part 6 — Walmart EasyDay → · previously: Part 4 · Series hub
— Kunwer Sachdev
Kunwer Sachdev
Kunwer Sachdev

Founder of Su-Kam and Kunwwer.ai, and mentor at Su-vastika — the “Inverter Man of India” and the “Solar Man of India.” Read his story →

Disclaimer: Kunwer Sachdev exited Su-Kam in 2019 and is not responsible for any activity of the company since. Anyone dealing with Su-Kam does so solely with its current management. Full disclaimer →

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