| Business Basics |
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| Company Name |
P2 Power Solutions |
| Founded in |
2006 |
| Headquartered in |
Kharagpur |
| Company website/URL |
www.p2power.com |
| Industry |
Cleantech |
| Stage of the company |
Several customers or locations |
| Source of idea |
Discovered by chance |
| Awards & honors |
Winner in Concipio 2006, IIT Kharagpur |
| Partnerships & Tie-ups |
Indian Institute of Technology, Kharagpur
Sioux Power Solutions |
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| Business description |
With the rapidly increasing supply demand gap of Power and the latest technologies taking their toll over the Power Quality offered by the grid, there is an inescapable need to enhance Power Quality at all levels. The Power Quality issue is becoming increasingly important to electrical utilities as well as to individual customers.
Energy conserva...> Read more.. |
With the rapidly increasing supply demand gap of Power and the latest technologies taking their toll over the Power Quality offered by the grid, there is an inescapable need to enhance Power Quality at all levels. The Power Quality issue is becoming increasingly important to electrical utilities as well as to individual customers.
Energy conservation efforts and the need for continuous control of certain industrial processes have led to an increase of electronic equipment and motor drives. Process automation involving the extensive use of electronic and digital control systems has become common in modern industrial plants. Poor Power Quality can lead to. In today's highly competitive market, poor Power quality and its inefficient usage can lead to exorbitant energy bills and unnecessary and costly disruptions in production and equipment failure, heavily eroding your net earnings.
P2 Power Solutions Pvt. Ltd. Works in the domain of Power Quality enhancement at the distribution level helping industries to strengthen their power assets through avante-garde technology and technical expertise. It is a venture of a group of IIT Kharagpur graduates facilitated through TIETS (Technology Incubation and Entrepreneurship Training Society) with complete Research and Development support from IIT Kharagpur.
Our products are highly environmental friendly and are designed to reduce energy consumption and therefore reduce CO2 emissions. Installation of iCon - The universal Power conditioner series, provides a easy and effective way to reduce your electrical failures and trips and bring down your energy bills, thereby improving your overall efficiency of the system with the enhanced Power quality. The enhanced Power Quality helps reduce energy losses both at the distribution level as well as the industrial level.
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| How does the business make money? |
We provide end to end customized solutions to our clients based on their Power Quality requirements. After a complete audit of the clients site we suggest them the most effective and economical solution within the reach of the customer. We conduct Power Quality Audits to bring out the actual scenario of the plant and bring the various areas of improvement within.
Currently, the novel Power Quality solution - iCon, The universal Power conditioner series, revolves around the latest semiconductor technologies IGBT (Inverted Gate Bipolar Transistor), offered at the most competitive prices internationally. We also offer other Power Electronic solutions for highly energy efficient low power drives for industrial application. |
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| Team information |
| Prof. Gautum Poddar - Phd, Indian Institute of Sciences, Bangalore and Masters, IIT Kharagpur.
Mr. Suman - Phd (Advanced Power Electronics), IIT Kharagpur
Mr. Shwetank Jain - Bachelor of Technology (Electrical), IIT Kharagpur
A dedicated team of proficient electrical engineers for support and development at all levels. |
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| Competition |
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| Competitors |
Emerson, Schnieder Electric |
| How different is your product or service? It has... |
Substitutes that differ in function |
| In what way is your product or service different? |
We provide the latest IGBT based solutions at the most competitive prices with 24-7 support and remote monitoring systems in place to enable clients w...> Read more.. |
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| By The Numbers |
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2006 |
2007 |
| No. of employees |
0-5 |
6-15 |
| No. of locations |
Did not exist |
0-1 |
| No. of customers |
0-1 |
2-5 |
| Turnover |
pre revenue |
11-50 lacs |
| Profits |
Did not exist |
1 to 5 lacs |
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| Primary source of initial funding |
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| Primary source of additional funding |
Venture capital |
| Raised institutional capital? |
Yes |
| Amount (INR) |
1000000/- |
| Investor |
Dept of SIR, Govt. Of India |
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| Why is this startup hot? |
We provide end to end avant-garde Power Quality solutions at the most competitive prices to the commercial as well as industrial sector. We are a CleanTech startup which aims at reducing the global CO2 emissions through Advanced Power Quality solutions.
Installation of iCon - The universal Power conditioner series, provides a easy and effective w...> Read more.. |
We provide end to end avant-garde Power Quality solutions at the most competitive prices to the commercial as well as industrial sector. We are a CleanTech startup which aims at reducing the global CO2 emissions through Advanced Power Quality solutions.
Installation of iCon - The universal Power conditioner series, provides a easy and effective way to reduce your electrical failures and trips and bring down your energy bills, thereby improving your overall efficiency of the system with the enhanced Power quality. The enhanced Power Quality helps reduce energy losses both at the distribution level as well as the industrial level.
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| What keeps the team awake at night? |
| The zeal to make a mark in the Power sector and to bring about a revolution in the way Power Quality is perceived in India and globally. We believe that the technical expertise in India is far superior to our international counterparts. Our startup will be a platform to bring out the latest technological developments in the Power sector. |
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