Started with ₹15000, Gujarat solar startup clocked ₹74 cr in 2024
In an inspiring tale of entrepreneurial spirit and innovation, Ksquare Energy, a Gujarat-based startup, has achieved remarkable success in the solar energy sector. Founded by Kuldip Sorathiya with a humble investment of ₹15,000, the startup has clocked an impressive revenue of ₹74 crore in 2024. This achievement is all the more remarkable considering that the startup is non-listed and bootstrapped, relying solely on the founder’s initiative and perseverance.
Ksquare Energy’s success can be attributed to its unique business model, which focuses on providing affordable rooftop solar systems to households under the PM Surya Ghar Muft Bijli Yojana. This government initiative aims to promote the adoption of solar energy and reduce carbon emissions. The startup’s innovative approach has resonated with customers, who are increasingly opting for clean and sustainable energy solutions.
One of the key factors behind Ksquare Energy’s success is its 5-year Zero Loss Guarantee. This innovative offering compensates customers for solar failures that last over 48 hours. This guarantee not only provides peace of mind for customers but also demonstrates the startup’s commitment to quality and reliability.
Ksquare Energy’s journey began with a simple idea to provide affordable and accessible solar energy solutions to households. Sorathiya, the founder, had a passion for renewable energy and saw an opportunity to make a difference. With a initial investment of ₹15,000, he started the company in 2015. The startup’s early days were marked by challenges, but Sorathiya’s determination and hard work paid off.
The startup’s early success was driven by its focus on providing high-quality products and services. Ksquare Energy invested heavily in research and development, ensuring that its solar systems were not only efficient but also durable and reliable. The company’s commitment to quality was rewarded with positive word-of-mouth, which helped to drive growth and expansion.
As the startup grew, it began to receive recognition for its innovative approach. Ksquare Energy was awarded the “Best Solar Company in Gujarat” award in 2020, a testament to its success and commitment to quality.
Ksquare Energy’s success has also been driven by its strategic partnerships with leading solar panel manufacturers and suppliers. The startup’s partnerships have enabled it to offer high-quality products at competitive prices, making it an attractive option for customers.
So, what’s next for Ksquare Energy? The startup is looking to scale up its operations and achieve a revenue of ₹1,000 crore by 2030. This ambitious target is built on the back of the startup’s successful track record and its commitment to innovation and quality.
In conclusion, Ksquare Energy’s success is a testament to the power of innovation, hard work, and determination. From humble beginnings with an investment of ₹15,000, the startup has achieved remarkable success in the solar energy sector. As it looks to scale up its operations and achieve even greater heights, Ksquare Energy is an inspiration to entrepreneurs and innovators around the world.
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