Founder and Managing Director of Su-Kam Power Systems Ltd. India's largest power solutions company Kunwer Sachdev was honored for his exemplary contribution to the Indian solar and power backup industry.
Among the other dignitaries honored on the occasion were Dr. Cyrus S Poonawala, Serum Institute India, Adi Godrej, Godrej Industries, Kiran Mazumdar Shaw, Biocon, Byju Raveendran, and Byju's, Abhishek Lodha, Lodha Group, Rana Kapoor, Yes Bank and the like.
Founded by Rupert Hoogewerf, Hurun Report is a luxury publisher group. It currently has offices in London, Mumbai, Shanghai and LA. The Hurun Most Respected Entrepreneur Award was first established in 1999. This annual award focuses on two growing economies China and India.
The Award is set up to recognise the success stories of entrepreneurs and talk about their stories on a global platform. Hurun Report India is piloted by Anas Rahman Junaid, MD and Chief Researcher. Its objective is to promote the success stories of Indian and Chinese entrepreneurs on global platforms.
"I am honored to receive this distinction. It has been an arduous yet memorable journey. I would also like to thank all my mentors, well-wishers and friends who have been a part of this incredible journey." said Kunwer Sachdev.
Popularly known as the 'Inverter Man of India', Sachdev was the first entrepreneur to file patents for technology and design in the Indian power backup industry. He is also credited with inventing world's first plastic-body inverter which has been declared as 'Innovation of the Decade'.
Kunwer revolutionised the power back-up industry by introducing world-class technologies such as MOSFET, Micro controller based and DSP Sine Wave into inverters. He also gave 'Home UPS' to India which combined the features of UPS and inverter into single equipment.
Anas Rahman Junaid, Managing Director and Chief Researcher of Hurun Report India said, "China and India are the two economies that will lead the world in the next 10 to 20 years. Hurun has been in China for the last 20 years and we have seen how the Chinese entrepreneurs have grown and come of age. We do see a similar pattern in India. So, this award is really about how we are going to achieve that kind of growth story in India. By identifying the patterns in China, we look at those entrepreneurs in India who have contributed in a similar fashion."
Hailing from a lower middle-class family background, Sachdev never let financial constraints bar him from becoming a serial entrepreneur. He started off by selling pens on cycle with his older brother at a tender age of 15 years. He later founded a profitable business of cable TV communications in Delhi.
Being a visionary, Kunwer was quick to foresee the growth of power backup industry in India and decided to shut down his cable TV business in 1998 to establish Su-Kam Power Systems which is headquartered in Gurgaon.
Sachdev is credited with catapulting Su-Kam to the top league of companies in its category within a short span of a few years. Once a startup, Su-Kam, is now an Indian Multinational Corporation, and is recognised as one of the fastest growing organisation among the India Inc. 500.
Today Su-Kam manufactures more than 250 products including various solar products, UPS, batteries, and customized solar solutions. A successful example of 'Make in India', Su-Kam has over 75,000 channel partners in many countries around the world. Sachdev has been instrumental in expanding company's operations to almost 90 countries worldwide and capturing the power market in Africa and Asia.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.