APN News on how Su-Kam — the 600-crore company that revolutionised India’s power-backup industry — ended up in NCLT, and how founder Kunwer Sachdev is now rebuilding through Su-vastika Solar.
APN News asks the question a lot of Su-Kam customers and channel partners had been asking privately: what happened to the company that revolutionised the Indian power-backup industry, and what happened to its founder? The piece is the fullest single account of Su-Kam’s downfall — and of Kunwer Sachdev’s re-emergence as the mentor of Su-vastika Solar.
The company that built the category
Founded in 1998, Su-Kam turned the Indian inverter from an unbranded workshop trade into a design-led, IP-heavy consumer brand. At its peak, the company was over Rs 600 crore in revenue, in 90+ countries, and holding a record 120+ patents in power backup. It was, by every real measure, the company that gave the sector a spine.
Why the company faltered
APN’s framing is that the downfall was not one thing — it was a compounding of over-leverage, expansion outrunning cash flow, and the wrong kind of financial structure at the wrong time. When the cash-flow shortfall met the timing of the IBC/NCLT regime, Su-Kam ended up in insolvency proceedings, and management effectively passed out of Sachdev’s hands.
“The founder of Su-Kam, Kunwer Sachdev, is now back as the mentor of the technology-driven power-solution company Su-vastika Solar — ready to shake up the energy sector in India with more sustainable and green power-storage solutions.”— APN News • 24 December 2022
Where Sachdev is today — and why Su-vastika matters
The founder’s new act is deliberate. Su-vastika Solar is not another inverter company — it is a technology-driven power-solution business built around lithium storage, cell-level diagnostics, solar hybrid inverters, and retrofit modules that let existing lead-acid setups migrate to lithium without a rip-and-replace. Second attempt to do to storage what Su-Kam did to inverters.
The lesson underneath the story
APN’s piece is not a hit job — it is a corrective. The downfall of a company does not erase the category it built. Su-Kam legitimised Indian power backup as a serious industry, and the operator who did that is now applying the same instincts to a bigger, harder problem: making Indian storage as trustworthy as Indian inverters became.
From Pioneers to Defaulters: Su-Kam, The Downfall of a 600-Crore Company — APN News →