His journey from creating a revolutionary product to losing his company and rebuilding his career shows resilience
Updated : Oct 07, 2024, 09:46 AM IST
Kunwer Sachdev, known as the ‘Inverter Man of India,’ made a significant impact on the country with his company, Su-Kam. Founded 26 years ago, Su-Kam was the first to manufacture power backup inverters, solving India’s power crisis during the 1990s. Sachdev’s innovative inverters became household essentials, not just in India but also in countries like Nepal, Bangladesh, and parts of Africa.
However, Su-Kam faced a downfall when it was declared bankrupt after defaulting on a Rs 240 crore loan. Although the company had assets to repay the loan, legal troubles arose, leading to its closure. Distributors and customers were left without service, and Sachdev’s reputation was severely affected. Despite these challenges, Sachdev did not give up. His wife, Khushboo, encouraged him to start a new venture. Together, they launched Su-vastika, providing services to customers and applying for patents on innovative products.
So far, six out of the 60 patents applied for have been granted. Sachdev continues to serve as a mentor, bringing his years of experience to the new company.
Sachdev’s journey from creating a revolutionary product to losing his company and rebuilding his career shows resilience. Su-vastika now offers a range of services to dealers and customers, keeping Sachdev’s legacy alive in the power backup industry. https://kunwersachdev.com/the-story-of-inverter-man-of-india-resilience-and-rebuilding
Disclaimer: It is important to note that while Mr. Kunwer Sachdev founded Su-Kam Power Systems, he is no longer associated with the company as of 2019. Any information regarding his involvement in the company’s operations, strategies, or future plans reflects his tenure prior to that date. Therefore, any discussions or analyses of Su-Kam Power Systems should be considered in the context of his past contributions and not his current association with the company.