Ajay Gupta
Ludhiana, PB (IND)
Role(s):
Founder/Owner/Principal
Yogindra Energy Limited
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Startup
Location:
Ludhiana
Industry:
Manufacturing
Year Founded:
2007
Number Employees:
10-50 people
Description:
Ours is a newly incorporated company and are setting up 20 Mega Watt Solar Module Manufacturing Plant in Ludhiana city of India. The project cost is estimated to be arround 10 Million USD. The company has already acquired land 7 Acres in a very good Industrial area and the Term Loan for the project upto 6.50 million has been sanctioned by State Bank of India. Promoters are resourceful with a experience of 20 years in Industry. Looking for venture capital to the tune of 3 Million USD. The solar panels/ Module demand is growing rapidly at the rate of 40% annually and will continue to be the same till 2017. The company has decided to export all its products to Europe and USA where the demand is (URL removed) breakeven of the project is attainable at 40% capacity utilisation.