Argo Solar - Company Profile

August 2015August 2015August 2015August 2015

Argo Argo Argo Argo Argo Argo Argo Argo Solar Private LimitedSolar Private LimitedSolar Private LimitedSolar Private LimitedSolar Private LimitedSolar Private LimitedSolar Private LimitedSolar Private Limited

IntroductionIntroduction

Argo Solar is a prominent player in providing custom

designed Solar Rooftop Power Solutions for commercial

and Industrial organizations in India

Solar Rooftop SolutionSolar Rooftop SolutionSolar Rooftop SolutionSolar Rooftop Solution

2

Solar Rooftop SolutionSolar Rooftop SolutionSolar Rooftop SolutionSolar Rooftop Solution

Company OverviewCompany Overview

� Founded by leading Solar industry professionals.

� Offices in Delhi, Gurgaon, Pune, Mumbai, Hyderabad and Bangalore

� Promoters have 15 years of combined solar and power sector experience. Track

record - more than 200 MW

� Argo has executed 800 KW of solar Rooftop projects

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� Strong in-house engineering, procurement and construction capabilities enabling the

company to be one of the lowest cost and high value Integrators

� Strong relationships with vendors and government

� Project execution timeline less than 2 months

� Key clients – G Pulla Reddy group, SVS hospital etc.

� Secured Rs. 1.25 Cr. Unsecured loan from SIDBI purely on business fundamentals

� Argo has got “SP 2C” (High Performance & Moderate Financial strength) rating from

SMERA ratings

TeamTeam ArgoArgoRajesh PedduCo-founder & Director

� MBA (Finance &

Strategy) – ISB,

Hyderabad

� B.Tech (EEE) – Gitam

University

• Heading Engineering, Procurement, Construction & Liaisoning functions

• 12 years of experience in Power and Solar Sectors

• Ex-Head of Solar BD at Welspun Energy, India's largest solar developer

• Worked with NTPC for 4 years in engineering & project management

• Involved in development & construction of over 300 MW of solar projects

V V S Raju Datla,

Co-founder & Director

� MBA (Finance &

Marketing) – ISB,

Hyderabad

• Heading Strategy, BD, Finance and HR functions

• 9 years of experience in Solar, Wind and IT Sectors

• Ex-Head of Solar BD (Rooftop) at Sunpower, a leading module player

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Hyderabad

� B.Tech (EEE) – BITS,

Pilani

• Led wind & international solar project development at Welspun Energy

• Worked at Alcatel-Lucent and Aricent on advanced telecom products

Bala Krishna THead – Marketing (South)

8 years of experience in solar products marketing

Ritesh SainiBD Manager - Pune

2 years of experience in business development

Yash SrivastavaBD Manager - Haryana


Gowtham KumarBD Manager - Karnataka


Vaibhav KumarBD Manager - Delhi


Amol DayalBD Manager - Mumbai


10 Member engineering team 10 Member engineering team 10 Member engineering team 10 Member engineering team solar solar solar solar project exp. for executionproject exp. for executionproject exp. for executionproject exp. for execution

10 member Sales team with 210 member Sales team with 210 member Sales team with 210 member Sales team with 2----12 12 12 12 years exp. for marketingyears exp. for marketingyears exp. for marketingyears exp. for marketing

Total Team Total Team Total Team Total Team Strength Strength Strength Strength –––– 20 20 20 20

Solar Project Solution Solar Project Solution from Argo Solar from Argo Solar

� Argo Solar Private Limited provides a one stop end to end solution for Rooftop Solar

PV systems that will be custom designed to meet the specific needs of a consumer.

The system integration scope of Argo Solar would include:

� Site Visit and study of roof space, electrical loads, previous consumption etc

� Finalize the system sizing and parameters for operation

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� Detailed Design of System including all civil, electrical and structural systems

� Procurement of all components

� Installation, Testing & Commissioning

� Trial operation and system loading

� Provide training to customer staff for basic overview and trouble shooting etc

� Service and maintenance post commissioning

Drivers for Solar Rooftop solutionDrivers for Solar Rooftop solution

� Industrial/Commercial

users pay Rs.8-10/unit for

grid power

� Power costs increasing

Current IssuesCurrent IssuesCurrent IssuesCurrent Issues

80% AD benefit

80% AD benefit

80% AD benefit

80% AD benefit

resulting in tax resulting in tax resulting in tax resulting in tax savingssavingssavingssavings

Attractive Payback Attractive Payback Attractive Payback Attractive Payback in 4in 4in 4in 4----6 years with 6 years with 6 years with 6 years with

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minimum 5% every year

� No open access if

demand less than 1 MW

� DG/Gas power – high cost,

logistics issues

� Limited options for CSR /

Sustainability

SolutionSolutionSolutionSolution

Meeting CSR / Meeting CSR / Meeting CSR / Meeting CSR / Sustainability Sustainability Sustainability Sustainability targetstargetstargetstargets

Inflation hedge

Inflation hedge

Inflation hedge

Inflation hedge

against future

against future

against future

against future

grid tariff

grid tariff

grid tariff

grid tariff

increases

increases

increases

increases

in 4in 4in 4in 4----6 years with 6 years with 6 years with 6 years with system life 25 yrssystem life 25 yrssystem life 25 yrssystem life 25 yrs

Solar Solar Solar Solar RooftopRooftopRooftopRooftop

�Solar powers cost (Rs. 6/unit) works to less than grid tariff (About Rs. 8/unit) – Financial Financial Financial Financial

savings savings savings savings

�80% Accelerated depreciation can be availed on solar investment - Reducing your tax Reducing your tax Reducing your tax Reducing your tax

burdenburdenburdenburden

Benefits of Solar PowerBenefits of Solar Power

�System pays back in less than 5 years while the life is 25 years – Free power for 20 Free power for 20 Free power for 20 Free power for 20

yearsyearsyearsyears

�No uncertainty on future tariff – Inflation hedge Inflation hedge Inflation hedge Inflation hedge

�Promotion of green energy – Fulfillment of Environmental Responsibility and CSRFulfillment of Environmental Responsibility and CSRFulfillment of Environmental Responsibility and CSRFulfillment of Environmental Responsibility and CSR

Schematic Schematic –– Solar Rooftop power Solar Rooftop power systemsystem

SUN LIGHT

ELECTRICAL LOADS

8

SOLAR

ARRAY

INVERTER

AC DISTRIBUTION BOARD DG SET

POWER FROM

DISCOM

DC POWER

AC

POWER

BATTERY BANK

Economic Benefit AnalysisEconomic Benefit Analysis

S.No Parameter Value

1 Present grid power cost to Customer (Rs/Unit) 8888

2 Yearly energy generated from 100 Kw solar System (Units) 153300153300153300153300

3 Yearly power cost savings to Customer from solar (Rs) 1226400122640012264001226400

Solar Rooftops Solar Rooftops Solar Rooftops Solar Rooftops ---- Payback CalculationPayback CalculationPayback CalculationPayback Calculation

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3 Yearly power cost savings to Customer from solar (Rs) 1226400122640012264001226400

4 Solar System Cost to Customer (Rs) 7400000740000074000007400000

5 Tax savings (Through 80% AD benefit) to customer (Rs) 1953600195360019536001953600

6 Net solar system cost to Customer (Rs) 5446400544640054464005446400

7 Solar Rooftop Payback in years (Net system cost/yearly savings) in Years 4.44.44.44.4

8 Solar system life in Years 25.025.025.025.0

9 Total Benefit to customer after payback (Rs. Cr) 2.52.52.52.5

Argo Solar so far…Argo Solar so far…

3 Cr TG 3 Cr TG 3 Cr TG 3 Cr TG Govt. project Govt. project Govt. project Govt. project

1.25 Cr OCD 1.25 Cr OCD 1.25 Cr OCD 1.25 Cr OCD Loan from Loan from Loan from Loan from SIDBISIDBISIDBISIDBI5 KW Solar Rooftop 5 KW Solar Rooftop 5 KW Solar Rooftop 5 KW Solar Rooftop

for Harnath hospitalfor Harnath hospitalfor Harnath hospitalfor Harnath hospital

2 HP Solar pump in 2 HP Solar pump in 2 HP Solar pump in 2 HP Solar pump in TelanganaTelanganaTelanganaTelangana

60 KW Rooftop in 60 KW Rooftop in 60 KW Rooftop in 60 KW Rooftop in Kurnool, APKurnool, APKurnool, APKurnool, AP

72 off72 off72 off72 off----grid systems grid systems grid systems grid systems in Khammamin Khammamin Khammamin Khammam

Poised for Poised for Poised for Poised for GrowthGrowthGrowthGrowth

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May, 2013May, 2013May, 2013May, 2013

July, 2013July, 2013July, 2013July, 2013

Sep, 2013Sep, 2013Sep, 2013Sep, 2013

May, 2014May, 2014May, 2014May, 2014

Dec, 2014Dec, 2014Dec, 2014Dec, 2014

May, 2015May, 2015May, 2015May, 2015

1st Solar 1st Solar 1st Solar 1st Solar RooftopRooftopRooftopRooftop

1st Solar 1st Solar 1st Solar 1st Solar Pump Pump Pump Pump

1111stststst HT HT HT HT netnetnetnet----metering metering metering metering project in APproject in APproject in APproject in AP

Govt. project Govt. project Govt. project Govt. project completedcompletedcompletedcompleted

Start of Start of Start of Start of operationsoperationsoperationsoperations

SP SP SP SP –––– 2C rating 2C rating 2C rating 2C rating from SMERAfrom SMERAfrom SMERAfrom SMERA

SP 2C SP 2C SP 2C SP 2C –––– High Performance & High Performance & High Performance & High Performance & Moderate Financial strengthModerate Financial strengthModerate Financial strengthModerate Financial strength

Argo Solar’s Value Proposition Argo Solar’s Value Proposition

Partnerships with Partnerships with Partnerships with Partnerships with #2

End End End End –––– to to to to –––– End Service to End Service to End Service to End Service to Customers Customers Customers Customers

#1

Cost CompetitivenessCost CompetitivenessCost CompetitivenessCost Competitiveness

#5

•Energy profilingEnergy profilingEnergy profilingEnergy profiling•Space availability detailingSpace availability detailingSpace availability detailingSpace availability detailing•Customized solution designCustomized solution designCustomized solution designCustomized solution design•Liaisoning for govt. approvals Liaisoning for govt. approvals Liaisoning for govt. approvals Liaisoning for govt. approvals •Free maintenance for 5 yearsFree maintenance for 5 yearsFree maintenance for 5 yearsFree maintenance for 5 years

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Partnerships with Partnerships with Partnerships with Partnerships with Lenders & InvestorsLenders & InvestorsLenders & InvestorsLenders & Investors

Quality, warranties Quality, warranties Quality, warranties Quality, warranties and performance of and performance of and performance of and performance of existing projects existing projects existing projects existing projects

#4

Solar Project Solar Project Solar Project Solar Project Execution credentials of Execution credentials of Execution credentials of Execution credentials of Promoters & TeamPromoters & TeamPromoters & TeamPromoters & Team

#3

Cost CompetitivenessCost CompetitivenessCost CompetitivenessCost Competitiveness

•Arranging loans / DPR preparationArranging loans / DPR preparationArranging loans / DPR preparationArranging loans / DPR preparation•Opex model investment possibilityOpex model investment possibilityOpex model investment possibilityOpex model investment possibility

•Promoters have experience of 100 MW solarPromoters have experience of 100 MW solarPromoters have experience of 100 MW solarPromoters have experience of 100 MW solar•Argo team’s experience over 700 KWArgo team’s experience over 700 KWArgo team’s experience over 700 KWArgo team’s experience over 700 KW•Project execution timeline Project execution timeline Project execution timeline Project execution timeline ---- <2 months<2 months<2 months<2 months

•Quality material procured from only top 3 playersQuality material procured from only top 3 playersQuality material procured from only top 3 playersQuality material procured from only top 3 players•5 years system warranty & 1 year generation guarantee5 years system warranty & 1 year generation guarantee5 years system warranty & 1 year generation guarantee5 years system warranty & 1 year generation guarantee•Repeat orders from marquee clientsRepeat orders from marquee clientsRepeat orders from marquee clientsRepeat orders from marquee clients

•Developed nonDeveloped nonDeveloped nonDeveloped non----penetrative process for penetrative process for penetrative process for penetrative process for anchoring structure anchoring structure anchoring structure anchoring structure ---- 1% cost saving1% cost saving1% cost saving1% cost saving

• InInInIn----house execution house execution house execution house execution –––– quality & 3% savingquality & 3% savingquality & 3% savingquality & 3% saving• Relationships with vendors Relationships with vendors Relationships with vendors Relationships with vendors –––– 2222----3% saving 3% saving 3% saving 3% saving

100 KW Rooftop GPREC, Kurnool 100 KW Rooftop GPREC, Kurnool 100 KW Rooftop GPREC, Kurnool 100 KW Rooftop GPREC, Kurnool ---- APAPAPAP 100 KW Rooftop SVS hospital, Telangana100 KW Rooftop SVS hospital, Telangana100 KW Rooftop SVS hospital, Telangana100 KW Rooftop SVS hospital, Telangana 50 KW Rooftop GPRCP, Hyderabad50 KW Rooftop GPRCP, Hyderabad50 KW Rooftop GPRCP, Hyderabad50 KW Rooftop GPRCP, Hyderabad

Argo Solar Argo Solar -- Project SnapshotsProject Snapshots

�Yearly generation Yearly generation Yearly generation Yearly generation –––– 153000 units153000 units153000 units153000 units �Yearly generation Yearly generation Yearly generation Yearly generation –––– 153000 units153000 units153000 units153000 units �Yearly generation Yearly generation Yearly generation Yearly generation –––– 75150 units75150 units75150 units75150 units

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50 KW Saint Joseph, Kurnool50 KW Saint Joseph, Kurnool50 KW Saint Joseph, Kurnool50 KW Saint Joseph, Kurnool 25 KW Rooftop Kurnool Municipality25 KW Rooftop Kurnool Municipality25 KW Rooftop Kurnool Municipality25 KW Rooftop Kurnool Municipality 5 HP pump, Telangana5 HP pump, Telangana5 HP pump, Telangana5 HP pump, Telangana

100 Tons 100 Tons 100 Tons 100 Tons

�Yearly generation Yearly generation Yearly generation Yearly generation –––– 153000 units153000 units153000 units153000 units�Yearly power cost savings Yearly power cost savings Yearly power cost savings Yearly power cost savings –––– Rs. 13 Rs. 13 Rs. 13 Rs. 13 LacsLacsLacsLacs

�Yearly reduction in COYearly reduction in COYearly reduction in COYearly reduction in CO2 2 2 2 –––– 100 Tons 100 Tons 100 Tons 100 Tons 100 Tons 100 Tons 100 Tons 100 Tons




�Yearly reduction in COYearly reduction in COYearly reduction in COYearly reduction in CO2 2 2 2 –––– 50 Tons 50 Tons 50 Tons 50 Tons

50 Tons 50 Tons 50 Tons 50 Tons



�Yearly generation Yearly generation Yearly generation Yearly generation –––– 37575 units37575 units37575 units37575 units�Yearly power cost savings Yearly power cost savings Yearly power cost savings Yearly power cost savings –––– Rs. 3.5 Rs. 3.5 Rs. 3.5 Rs. 3.5 LacsLacsLacsLacs


�Daily water capacity Daily water capacity Daily water capacity Daily water capacity –––– 100000 liters100000 liters100000 liters100000 liters�Irrigation potential Irrigation potential Irrigation potential Irrigation potential –––– 6 to 7 acres6 to 7 acres6 to 7 acres6 to 7 acres�Yearly reduction in COYearly reduction in COYearly reduction in COYearly reduction in CO2 2 2 2 –––– 5 Tons 5 Tons 5 Tons 5 Tons

Environment Environment Environment Environment EmploymentEmploymentEmploymentEmployment

EnvironmentEnvironmentEnvironmentEnvironmentEmploymentEmploymentEmploymentEmployment

Our contribution to SocietyOur contribution to Society

Every unit of solar power Every unit of solar power Every unit of solar power Every unit of solar power saves 0.8 Kg of COsaves 0.8 Kg of COsaves 0.8 Kg of COsaves 0.8 Kg of CO2222emissionsemissionsemissionsemissions

Our projects reduced over Our projects reduced over Our projects reduced over Our projects reduced over 100 Tons of CO100 Tons of CO100 Tons of CO100 Tons of CO2222 emissions emissions emissions emissions to the environment so farto the environment so farto the environment so farto the environment so far

Direct employment to 15 people. Plans to Direct employment to 15 people. Plans to Direct employment to 15 people. Plans to Direct employment to 15 people. Plans to grow to a 100 people company in 3 yearsgrow to a 100 people company in 3 yearsgrow to a 100 people company in 3 yearsgrow to a 100 people company in 3 years

Indirect employment to people Indirect employment to people Indirect employment to people Indirect employment to people during project construction. during project construction. during project construction. during project construction. We employ 5 Labors for a We employ 5 Labors for a We employ 5 Labors for a We employ 5 Labors for a

month for each projectmonth for each projectmonth for each projectmonth for each project

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Access to ElectricityAccess to ElectricityAccess to ElectricityAccess to ElectricityCost Savings Cost Savings Cost Savings Cost Savings

Access to Access to Access to Access to ElectricityElectricityElectricityElectricity

Cost Cost Cost Cost SavingsSavingsSavingsSavingsSolar replaces costly Solar replaces costly Solar replaces costly Solar replaces costly

diesel power for pumpsdiesel power for pumpsdiesel power for pumpsdiesel power for pumps

For Commercial & Industrial customers For Commercial & Industrial customers For Commercial & Industrial customers For Commercial & Industrial customers solar power costs less than grid powersolar power costs less than grid powersolar power costs less than grid powersolar power costs less than grid power

Utilities save 0.3 kWh for every 1 kWh Utilities save 0.3 kWh for every 1 kWh Utilities save 0.3 kWh for every 1 kWh Utilities save 0.3 kWh for every 1 kWh generated by Solar Rooftopsgenerated by Solar Rooftopsgenerated by Solar Rooftopsgenerated by Solar Rooftops

In remote areas where In remote areas where In remote areas where In remote areas where Grid is not there solar Grid is not there solar Grid is not there solar Grid is not there solar

provides access to electricity. provides access to electricity. provides access to electricity. provides access to electricity.

Executed 72 solar systems Executed 72 solar systems Executed 72 solar systems Executed 72 solar systems for tribal schools, hostels for tribal schools, hostels for tribal schools, hostels for tribal schools, hostels where grid is unavailablewhere grid is unavailablewhere grid is unavailablewhere grid is unavailable

Solar Pumps make farmers self reliantSolar Pumps make farmers self reliantSolar Pumps make farmers self reliantSolar Pumps make farmers self reliant

Solar Energy for our Future

Argo Solar Private LimitedArgo Solar Private LimitedArgo Solar Private LimitedArgo Solar Private LimitedArgo Solar Private LimitedArgo Solar Private LimitedArgo Solar Private LimitedArgo Solar Private Limited#102, Sai Balaji Towers, Plot No: 109, Patrika Nagar,

Hitech City, Madhapur, Hyderabad – 500 081Phone: +91 9701184499

Email: [email protected] | www.argosolar.in

Documents

Argo Solar - Company Profile