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 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.
Industry:Cleantech
Founded in:2006
Source of idea:Discovered by chance
Significant Competitors:Emerson, Schnieder Electric
Company Details :
Company Name:P2 Power Solutions
HeadQuarters:Kharagpur
Stage of the company:Several customers or locations
No of Employees (2006):0-5
No of Employees (2007):6-15
Office Locations(2006):Did not exist
Office Locations(2007):0-1
No of companies promoted:Yes (2)
Profits (2006):Did not exist
Profits (2007):1 to 5 lacs
>Partnerships:Indian Institute of Technology, Kharagpur Sioux Power Solutions
Initial Funding:
Addl Funding:Venture capital
Institutitional Capital:Yes
Revneue Model: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.
Awards & honors:Winner in Concipio 2006, IIT Kharagpur
Promoters Details :
Promoters Name(s):Shwetank Jain
Age:23
HomeTown:Meerut
Education:Bachelors
No of companies promoted:Yes (2)
Family Background:First gen entrepreneur
Job:N.A at N.A
Ex-Job Description:Executive Officer
Favorite Book/Movie:Straigth from the Gut
