Su-Kam Sets Ambitious INR 6000 Crore Revenue Goal for Next Five Years
Su-Kam aims to achieve INR 6000 crore in revenue over five years, focusing on lithium batteries, e-mobility, and solar solutions. The strategy includes global market leadership and green technology integration.
July 19, 2024. By EI News Network
Su-Kam Power Systems Ltd., dealing in power backup and solar solutions, is setting its sights on an ambitious revenue target of INR 6,000 crore over the next five years. With an expected turnover of INR 700 crore for the current financial year, the company aims to achieve 200 percent year-over-year growth to meet its goal.
As per the firm, Su-Kam has plans to leverage the growing demand for reliable power solutions both in India and globally. The company's strategy includes leveraging its extensive distribution network, advanced technology, and commitment to sustainability.
"Su-Kam's current focus includes lithium batteries, e-mobility solutions, and solar energy products. The company’s technological expertise and dedication to eco-friendly practices position it to lead in innovative and sustainable solutions," said the firm in its note.
Sanchit Sekhwal Goyal, Director of Su-Kam Power Systems Limited, emphasised, “Our goal of INR 6,000 crore in revenue over the next five years reflects our confidence in the market and our commitment to delivering exceptional value to our stakeholders. We remain focused on leading the industry towards a sustainable future with our environmentally friendly products. For over three decades, Su-Kam has been a pioneer in power solutions, including inverters, batteries, and solar technologies.”
Goyal highlighted that Su-Kam's dedication to cutting-edge technology and quality has earned it a strong global reputation. “We are expanding our portfolio to include a wide range of lithium-based products for applications such as solar power systems, electric vehicles (EVs), energy storage systems (ESS), and telecommunications,” he added.
Under new management, Su-Kam is making significant strides towards its goals by investing in workforce development and maintaining its extensive channel partner network. The company aims to build on its legacy with new leadership and technological advancements.
The company's short-term goals include strengthening its network and reinforcing its brand legacy, while its long-term vision is to lead the global market across all product segments. Su-Kam’s strategy involves integrating green technologies into its core operations, aligning with India's National Solar Mission and other environmental initiatives, and contributing to a cleaner and more sustainable future.
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