Argo Solar Private Limited

August 2015

Introduction
Argo Solar is a prominent player in providing custom
designed Solar Rooftop Power Solutions for commercial
and Industrial organizations in India
Solar Rooftop Solution

Company 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

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

Team Argo
Rajesh Peddu
Co-founder & Director

MBA (Finance &
Strategy) ISB,
Hyderabad

B.Tech (EEE) Gitam
University
V V S Raju Datla,
Co-founder & Director

MBA (Finance &
Marketing) ISB,
Hyderabad

B.Tech (EEE) BITS,
Pilani

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

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

Led wind & international solar project development at Welspun Energy

Worked at Alcatel-Lucent and Aricent on advanced telecom products

Bala Krishna T
Head Marketing (South)

8 years of experience in solar products marketing

Ritesh Saini
BD Manager - Pune
Yash Srivastava
BD Manager - Haryana
Gowtham Kumar
BD Manager - Karnataka
Vaibhav Kumar
BD Manager - Delhi
Amol Dayal
BD Manager - Mumbai

2 years of experience in business development

2 years of experience in business development
6 years of experience in business development
2 years of experience in business development
1 years of experience in business development

10 Member engineering team

solar project exp. for execution

Total Team
Strength 20

10 member Sales team with 22-12

years exp. for marketing

Solar Project Solution 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
 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 solution

Current Issues

Industrial/Commercial

grid power
Attractive Payback
in 44-6 years with
system life 25 yrs

minimum 5% every year

No open access if
demand less than 1 MW

DG/Gas power high cost,
logistics issues

Solution

Solar
Rooftop

Inflation hedge
against future
grid tariff
increases

Power costs increasing

80% AD benefit
resulting in tax
savings

users pay Rs.8-10/unit for

Meeting CSR /
Sustainability
targets

Limited options for CSR /

Sustainability
6

Benefits of Solar Power

Solar powers cost (Rs. 6/unit) works to less than grid tariff (About Rs. 8/unit) Financial
savings
80% Accelerated depreciation can be availed on solar investment - Reducing your tax
burden
System pays back in less than 5 years while the life is 25 years Free power for 20
years
No uncertainty on future tariff Inflation hedge
Promotion of green energy Fulfillment of Environmental Responsibility and CSR

Schematic Solar Rooftop power system

ELECTRICAL LOADS

SUN LIGHT

SOLAR
ARRAY

DC POWER

POWER FROM
DISCOM
AC
POWER

INVERTER
BATTERY BANK

AC DISTRIBUTION BOARD

DG SET
8

Economic Benefit Analysis

Solar Rooftops - Payback Calculation
S.No

Parameter

Value

Present grid power cost to Customer (Rs/Unit)

Yearly energy generated from 100 Kw solar System (Units)

153300

Yearly power cost savings to Customer from solar (Rs)

1226400

Solar System Cost to Customer (Rs)

7400000

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

1953600

Net solar system cost to Customer (Rs)

5446400

Solar Rooftop Payback in years (Net system cost/yearly

savings) in Years

4.4

Solar system life in Years

25.0

Total Benefit to customer after payback (Rs. Cr)

2.5
9

Argo Solar so far

72 offoff-grid systems
in Khammam
60 KW Rooftop in
Kurnool, AP

Poised for
Growth

2 HP Solar pump in
Telangana

5 KW Solar Rooftop
for Harnath hospital

1st HT
netnet-metering
project in AP
1st Solar
Pump
1st Solar
Rooftop
Start of
operations

Sep, 2013

May, 2014

3 Cr TG
Govt. project
completed

Dec, 2014

1.25 Cr OCD
Loan from
SIDBI

May, 2015
SP 2C rating
from SMERA

SP 2C High Performance &

Moderate Financial strength

July, 2013

May, 2013
10

Argo Solars Value Proposition

#1

End to End Service to

Customers

#5

Energy profiling
Space availability detailing
Customized solution design
Liaisoning for govt. approvals
Free maintenance for 5 years

#2

Partnerships with
Lenders & Investors

Cost Competitiveness

Developed nonnon-penetrative process for

Arranging loans / DPR preparation

Opex model investment possibility

anchoring structure - 1% cost saving

InIn-house execution quality & 3% saving
Relationships with vendors 2-3% saving
#3

#4

Quality, warranties
and performance of
existing projects

Quality material procured from only top 3 players

5 years system warranty & 1 year generation guarantee
Repeat orders from marquee clients

Solar Project
Execution credentials of
Promoters & Team

Promoters have experience of 100 MW solar

Argo teams experience over 700 KW
Project execution timeline - <2 months

11

Argo Solar - Project Snapshots

100 KW Rooftop GPREC, Kurnool - AP

100 KW Rooftop SVS hospital, Telangana

Yearly
Yearly generation 153000 units
Yearly
Yearly power cost savings Rs. 13 Lacs
Yearly
Yearly reduction in CO2 100 Tons

Yearly
Yearly generation 153000 units
Yearly
Yearly power cost savings Rs. 13 Lacs
Yearly
Yearly reduction in CO2 100 Tons

50 KW Saint Joseph, Kurnool

Yearly
Yearly generation 75150 units
Yearly
Yearly power cost savings Rs. 7 Lacs
Yearly
Yearly reduction in CO2 50 Tons

25 KW Rooftop Kurnool Municipality

Yearly
Yearly generation 37575 units
Yearly
Yearly power cost savings Rs. 3.5 Lacs
Yearly
Yearly reduction in CO2 25 Tons

50 KW Rooftop GPRCP, Hyderabad

Yearly
Yearly generation 75150 units
Yearly
Yearly power cost savings Rs. 7 Lacs
Yearly
Yearly reduction in CO2 50 Tons
5 HP pump, Telangana

Daily
Daily water capacity 100000 liters
Irrigation
Irrigation potential 6 to 7 acres
Yearly
Yearly reduction in CO2 5 Tons

12

Our contribution to Society

Environment

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

Every unit of solar power

saves 0.8 Kg of CO2
emissions
Our projects reduced over
100 Tons of CO2 emissions
to the environment so far

Cost Savings
Solar replaces costly
diesel power for pumps

Environment

Cost
Savings

For Commercial & Industrial customers

solar power costs less than grid power
Utilities save 0.3 kWh for every 1 kWh
generated by Solar Rooftops

Indirect employment to people

during project construction.
We employ 5 Labors for a
month for each project
Employment

Access to Electricity
Access to
Electricity

In remote areas where

Grid is not there solar
provides access to electricity.
Executed 72 solar systems
for tribal schools, hostels
where grid is unavailable

Solar Pumps make farmers self reliant

13

Solar Energy for our Future

Argo Solar Private Limited

#102, Sai Balaji Towers, Plot No: 109, Patrika Nagar,
Hitech City, Madhapur, Hyderabad 500 081
Phone: +91 9701184499
Email: raju@argosolar.in | www.argosolar.in