Transcript Titan Energy Systems Limited

Titan Energy Systems Limited
Indian Solar Module Manufacturer and System Integrator
COMPANY & BUSINESS OVERVIEW
• Titan Energy Systems Ltd (“TESL”) is registered as a closely held Public
Limited Company in 1995,with its Registered Office at Secunderabad.
• It is a manufacturing company of Solar Photovoltaic Modules and a
service provider in integration of off-grid and on-grid Solar Photovoltaic
Power Plants.
• It is an established Indian Company serving customers all over world
from the last 19 years in the Design Engineering, Installation,
Manufacturing and after sales service of Solar PV Modules & Systems of
varying scale and complexities.
• The company’s manufacturing plant is situated in Medchal, Andhra
Pradesh, on the outskirts of Hyderabad.
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……conti. from previous slide
• The manufacturing plant is of 100 MWp semi-automated
module manufacturing facility.
• It is having a status of 100% EOU (Export Oriented Unit)
• It is spread over 3.9 acres with built up area of 36,000 sqft and
workshop/stores/packing forwarding area of around 17,000
sqft.
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KEY ACHIEVEMENTS
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KEY PRODUCTS AND SERVICES
• Solar photovoltaic modules with wattage
ranging from 3 WP to 300 WP.
• Undertake EPC projects (engineering,
procurement
and
construction
contracts)on turnkey basis for setting up
the Solar Photovoltaic Power Plants for
both off-grid and on-grid, including
offshore application.
• Provide Operational and Maintenance
services for the Power Plants as per the
customer requirement guaranteeing the
energy generation.
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REFERENCE PROJECT-I
1 MWp Grid--‐Connected Solar Power Plant ( Asansol, West Bengal)–
India’s FIRST MW Grid connected project
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REFERENCE PROJECT-II
1 MWp Grid--‐Connected Solar Power Plant at Bhuj, Gujarat
(Commissioned Jan 2012)
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REFERENCE PROJECT-III
3 MWp Grid--‐Connected Solar Power Plant (Kolar, Karnataka)
(India’s first 3MW scale project)
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MAJOR CUSTOMERS
• Titan has done business with several leading global players from Europe
including Germany, Italy, France, UK, Greece, Portugal and Spain, USA,
India and rest of the world.
• In most of the cases Titan has had multi- year relationships built by
consistent quality, timely delivery and after sales service.
• Titan has also been working with several Indian PSUs.
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QUALIFICATIONS, CERTIFICATIONS AND AWARDS
International:
• Product certifications as per IEC 61215, IEC 61730, IEC 61701,
UL 1703 and Intertek are available for both Mono and Poly
Crystalline Modules from German and USA Labs.
• The range of the modules is from 50Wp to 300Wp+
• Being certified for American Safety organizations – UL and
Intertek, Titan modules qualify for installations in US too.
• Titan Modules qualify for financing from Exim Bank, US as well,
as the modules are certified by UL and Intertek; as we can use
US made Solar Cells.
• Titan modules are also bankable in certain European countries.
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……conti. from previous slide
International:
• Titan modules are qualified to meet all International standards
using multi BOM from Multi Suppliers to make the final product
more competitive.
• ISO 9001: 2008 Certifications for the manufacturing facility
does exist from 1997 onwards without any break.
• TITAN is in the process of obtaining ISO 14001 and OHSAS
certifications from TUV.
• First Indian Company to manufacture crystalline, amorphous
and CIGS modules.
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……conti. from previous slide
Domestic:
• Titan modules are qualified by Indian Railways for use in
Anti Collision Devices (Safety Devices) that are being
implemented by Konkan Railways.
• Titan Modules are qualified for use in Marine Environment
and are in use in ONGC for powering the telemetry
equipment in their un-manned oil/gas producing well
platforms.
• Titan modules are qualified by leading PSUs like BSNL,
ONGC, BHEL, BPCL etc for their projects.
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PROMOTERS
Name
Rao SYS Chodagam
Details
 A technocrat and first generation entrepreneur, has over three
decades of experience in the Photovoltaic industry
Promoter Director, Chairman
and Managing Director
 Prior to founding TITAN in 1995, handled various technical,
research and commercial responsibilities in Government
organizations & Public Sector Units for over 20 years
Mr. Ravi K Chodagam
 Has over 15 years of experience in manufacturing and Information
technology industry in both operational and consulting roles
Director
 Has worked globally with Fortune 500 companies in the U.S.,
Singapore, Australia and India
 MBA from Indian School of Business and Engineering from NIT,
Kurkshetra
Dr.
Sasidhar
Chodagam  Doctorate in Sciences from Cambridge University, UK.
Promoter Director
 Completed Business Management from the London Business
School
 Involved in company’s strategy and international business
development
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ORGANIZATION STRUCTURE
Managing
Director
Finance &
Accounts
Sales &
Marketing
Plant
Operations
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Commercial Procurement &
logistics
Personnel and
Administration
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SHARE HOLDING PATTERN
Name of the share holder’s
Shares Held by
Mr.Rao SYS Chodagam
36,10,976
34.31
Dr. Sasidhar Chodagam
Founding Promoter and
CMD
Promoter’s Family
19,61,287
18.64
Mrs. Aruna Chodagam
Promoter’s Family
15,04,574
14.30
Mr. Ravi Kiran Chodagam
Promoter’s Family
9,80,644
9.32
M/s. Titan Consultants & Services
Limited
M/s. Titan Technocrats Private Limited
Promoter’s Associated
Company
Promoter’s Associated
Company
100
--
100
--
80,57,681
76.57
8,00,934
7.61
16,65,296
15.82
24,66,230
23.43
1,05,23,911
100
Total promoter’s holding
M/s. Blitz storm GMBH, Germany
German private investor
Green India Venture Fund (IFCI Venture
Capital Funds Ltd.) (refer Note 1 below)
Total investor’s holding
Indian Govt. owned Private
Equity fund
Total
No of shares
%Shareholding
Note: IFCI Venture Capital Funds Ltd. through its Green India Venture Fund has
invested Rs. 15 Crore in equity of the company
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KEY FINANCIALS (AUDITED IN INR MN)
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DISCLAIMER AND IMPORTANT NOTICE
This teaser of the company has been prepared by IFCI Venture Capital Funds
Limited (‘IFCI Venture’) on the basis of information provided by Titan Energy
Systems Ltd. Neither IFCI Venture, nor any of its associates, nor any of their
respective directors, employees or advisors make any expressed or implied
representation or warranty and no responsibility or liability is accepted by any
of them with respect to the accuracy, completeness or reasonableness of the
facts, opinions, estimates, forecasts, projections, or other information set
forth in this teaser or the underlying assumptions on which they are based or
the accuracy of any computer model used and nothing contained herein is, or
shall be relied upon as a promise or representation regarding the historic or
current position or performance of the company, or any future events or
performance of the company.
This teaser is furnished on strictly confidential basis. Neither this teaser, nor
the information contained herein, may be reproduced or passed to any person
or used for any purpose other than for this process of “Sale of shareholding in
Titan Energy Systems Ltd.” by IFCI Venture Capital Funds Ltd.
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