Personal Insolvency: The court has ordered me to sell all my assets to repay the remaining debts that the company’s creditors could not recover. Su-kam Power Systems Ltd. was sold for Rs 49.50 crores only during the Corona period when no one was selling, buying, or meeting with the liquidator and creditor banks. Out of which, the banks got a mere 8 Crores as the CIRP cost was more than 45 Crores, which was incurred to run the company for one year only. No bank or creditors invested any funds to keep the company running or alive; instead, they kept spending money from the stressed company funds. It’s a heartbreaking reality that the COC, RP and liquidator destroyed the company I once cherished in front of me.
• Resolution Professional: NCLT has appointed Mr. Umesh Goyal as the Resolution Professional to oversee the insolvency proceedings.
• Request for Creditors: I urge all creditors to contact Mr. Umesh Goyal to initiate the process of resolving their claims. His contact numbers are in the advertisement attached here.
I want to clarify that I have no affiliation with Su-kam Power Systems Ltd. or its new owners, Mr Navraj Mittal and others. The Su-kam brand is in litigation under the Delhi High Court’s double bench.
Su-kam Power Systems Ltd., once a beacon of innovation in the power, has faced insurmountable financial challenges in recent years. New owners now own the company, Mr Navraj Mittal and others.
This declaration of personal insolvency is a devastating blow to me on financial and emotional levels. It’s a heartbreaking reality that I may now lose my only house and whatever is left in my name after losing my company, which was my first baby.
Whenever we take a loan from any institution or signing an agreement of Investment, please read the fine lines and check about the personal guarantee clause which may be a nightmare in future in case of business failure.
The transition from an individual contributor to a managerial role is a significant leap, often marked by a shift in mindset and skill set. While many executives excel in individual performance, the managerial role demands a broader perspective, strong interpersonal skills, and a strategic approach.
team meeting picture
Understanding the Shift
The fundamental difference between an executive and a manager lies in their primary responsibilities. An executive is typically focused on individual performance and achieving personal goals. A manager, on the other hand, is responsible for leading a team, setting objectives, and ensuring the team’s collective success.
training program
Key Challenges in the Transition
Shifting from Individual to Team Performance: The primary focus shifts from personal achievements to the collective success of the team.
Effective Communication: Clearly communicating expectations, providing constructive feedback, and actively listening to team members are crucial.
Team building
Building Strong Relationships: Developing trust, empathy, and rapport with team members is essential for fostering a positive work environment.
Delegation and Empowerment: Effectively delegating tasks and empowering team members to take ownership is key to maximizing productivity.
Managing Expectations: Balancing the demands of the organization, the team, and individual team members.
Strategies for a Successful Transition
Define Clear Expectations:
Role Clarity: Clearly articulate the roles and responsibilities of each team member.
Goal Setting: Set specific, measurable, achievable, relevant, and time-bound (SMART) goals.
Regular Check-ins: Conduct regular one-on-one meetings to monitor progress and address concerns.
Role clarity
Effective Communication:
Active Listening: Pay attention to what team members are saying, both verbally and non-verbally.
Clear and Concise Communication: Avoid ambiguity and use clear, concise language.
Constructive Feedback: Provide timely and specific feedback, both positive and negative.
Build Strong Relationships:
Empathy: Understand and respond to the emotions of your team members.
Trust: Build trust through honesty, reliability, and consistency.
Recognition and Appreciation: Acknowledge and reward team members’ contributions.
Effective Delegation:
Empowerment: Give team members the authority to make decisions and take ownership of their work.
Clear Expectations: Clearly communicate the desired outcomes and deadlines.
Support and Guidance: Provide the necessary resources and support to help team members succeed.
Continuous Learning and Development
Self-Reflection: Regularly assess your own leadership skills and identify areas for improvement.
Professional Development: Attend workshops, seminars, and conferences to stay up to date with industry trends.
Mentorship: Seek guidance from experienced leaders and mentors.
By embracing these strategies and continuously learning and adapting, executives can successfully transition into effective managers, leading their teams to achieve exceptional results.
Many entrepreneurs start their journeys with the dream of building a team to support their vision. Ironically, they often end up spending a significant amount of time managing day-to-day employee issues and chasing new hires. This constant state of “tenterhooks” creates a power imbalance where employees hold the leverage, emphasizing their own importance rather than recognizing the value the organization offers them.
This situation arises because entrepreneurs get bogged down in the weeds of HR tasks and firefighting instead of focusing on becoming effective leaders.
The Solution: Owning Your Management Skills
The first step to breaking free from this cycle is for the entrepreneur to acknowledge the need to improve their people management skills. Hiring the right people is crucial, but effective leadership is what empowers those people to contribute to the company’s success.
Profit: The Ultimate Measure
Entrepreneurs often get caught up in chasing buzzwords like innovation, brand creation, and technology. However, the true measure of an entrepreneur’s worth lies in their ability to generate profit. Profit is the tangible outcome of all the other efforts, the ultimate validation of a successful business.
Moving Beyond KRAs: Linking Employees to Profit
Focusing on KRAs (Key Result Areas), a popular management tool, can become an MBA jargon trap. Instead, entrepreneurs should establish 3–4 clear ways in which employees directly contribute to the company’s profit. This creates a sense of ownership and aligns individual goals with the overall objective of the organization.
The Call to Action
If you’re an entrepreneur struggling with employee management and want to learn more about linking employee productivity to company profit, reach out to the author at kunwersachdev@gmail.com
The MCB Testing machine tests the MCB for its critical parameters, especially the time for OVerload and Short circuit of any MCB. An MCB, or miniature circuit breaker, is an electrical safety device that protects electrical circuits from overloads and short circuits. MCBs are often used with inverters and UPSs to provide additional protection for these devices.
One of the most critical functions of an MCB in an inverter/UPS system is to trip at a specific time. This means that the MCB will automatically disconnect the power from the inverter/UPS if there is a fault, such as an overload or a short circuit. This helps prevent damage to the inverter/UPS and any connected equipment.https://suvastika.com/mcb-on-mains-bypass-load-in-inverter-ups/
In an inverter/UPS, an MCB is important for tripping in a specific time functionality. This is because an inverter/UPS is a device that converts DC power to AC power and can be susceptible to overloads and short circuits. If an overload or short circuit occurs, the MCB will trip and disconnect the power, preventing damage to the inverter/UPS and the connected equipment.
The tripping time of an MCB is essential because it determines how quickly the MCB will trip in the event of an overload or short circuit. A shorter tripping time will help to protect the inverter/UPS and the connected equipment from damage.
Here are some of the benefits of using an MCB in an inverter/UPS:
Overload protection: An MCB can help to protect an inverter/UPS from damage caused by an overload. An overload occurs when the current flowing through a circuit exceeds the circuit’s rated current. When an overload occurs, the MCB will trip and disconnect the power, preventing damage to the inverter/UPS.
Short circuit protection: An MCB can help protect an inverter/UPS from damage caused by a short circuit. A short circuit occurs when two conductors come into contact, creating a low-resistance path for current to flow. When a short circuit occurs, the MCB will trip and disconnect the power, preventing damage to the inverter/UPS.
Tripping at a specific time: An MCB can be configured to trip at a particular time, which can help protect the inverter/UPS and the connected equipment from damage. A shorter tripping time will help to prevent damage to the inverter/UPS and the related equipment.
MCB tester
The tripping time of an MCB is usually specified in seconds. Specified tripping time will provide better protection for the inverter/UPS and connected equipment. However, if the tripping time varies, it can lead to nuisance tripping, which can be inconvenient and frustrating for the user as it keeps tripping the home or office power at a smaller overload while the power is available. If the time is increased, there can be a fire before the MCB trip in the Inverter/UPS.
Selecting an MCB with a tripping time that is appropriate for the application is essential. For example, an MCB that is used to protect a small inverter/UPS that is used for home use may not need to have as short a tripping time as an MCB that is used to protect a large inverter/UPS that is used in a commercial setting.
In addition to tripping in a specific time, MCBs also offer many other benefits, such as:
Overcurrent protection: An MCB will trip if the current flowing through it exceeds the rated current. This helps prevent damage to the inverter/UPS and any connected equipment.
Short circuit protection: An MCB will trip if there is a short circuit in the circuit. This helps prevent excessive current flow, which can damage the inverter/UPS and any connected equipment.
Overload protection: An MCB will trip if the current flowing through it exceeds the rated current for a sustained time. This helps prevent overheating the inverter/UPS and any connected equipment. https://suvastika.com/importance-of-mcb-in-inverter-ups-as-these-are-the-important-component-inside-the-inverter/
We designed our MCB TESTER in-house and made it essential for our IQC process for MCBs.
Since MCB is a mechanical device, it’s very tough for the manufacturer to maintain the timings of tripping on overload and short circuits.
Tripping time is the most critical parameter for our product functionality.
Our RnD team made this MCB tester with a built-in printer so that the results are printed.
After installing this MCB testing Machine, our failure became zero, and the supplier became more conscious of supplying us with the MCB and started improving the quality. The supplier is pressured to maintain the quality of supplying to Su-vastika.
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
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.
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.
The Story of 
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