titan energy systems limited

Titan Energy Systems Limited

Indian Solar Module Manufacturer and System Integrator

IFCI VENTURE CAPITAL FUNDS LIMITED 2

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.


……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.


KEY ACHIEVEMENTS


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.


REFERENCE PROJECT-I

1 MWp Grid-- Connected Solar Power Plant ( Asansol, West Bengal)– India’s ‐FIRST MW Grid connected project


REFERENCE PROJECT-II

1 MWp Grid-- Connected Solar Power Plant at Bhuj, Gujarat ‐(Commissioned Jan 2012)


REFERENCE PROJECT-III

3 MWp Grid-- Connected Solar Power Plant (Kolar, Karnataka) ‐(India’s first 3MW scale project)


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.


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.



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.



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.

PROMOTERS


Name DetailsRao SYS Chodagam

Promoter Director, Chairman and Managing Director

A technocrat and first generation entrepreneur, has over three decades of experience in the Photovoltaic industry

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

Director

Has over 15 years of experience in manufacturing and Information technology industry in both operational and consulting roles

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 Promoter Director

Doctorate in Sciences from Cambridge University, UK.

Completed Business Management from the London Business School

Involved in company’s strategy and international business development


ORGANIZATION STRUCTURE

Managing Director

Finance & Accounts

Sales & Marketing

Plant Operations

Commercial -Procurement

& logistics

Personnel and Administratio

n


SHARE HOLDING PATTERNName of the share holder’s Shares Held by No of shares %Shareholding

Mr.Rao SYS Chodagam Founding Promoter and CMD

36,10,976 34.31

Dr. Sasidhar Chodagam 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

Promoter’s Associated Company

100 --

M/s. Titan Technocrats Private Limited Promoter’s Associated Company

100 --

Total promoter’s holding 80,57,681 76.57

M/s. Blitz storm GMBH, Germany German private investor 8,00,934 7.61

Green India Venture Fund (IFCI Venture Capital Funds Ltd.) (refer Note 1 below)

Indian Govt. owned Private Equity fund

16,65,296 15.82

Total investor’s holding 24,66,230 23.43

Total 1,05,23,911 100

Note: IFCI Venture Capital Funds Ltd. through its Green India Venture Fund has invested Rs. 15 Crore in equity of the company


KEY FINANCIALS (AUDITED IN INR MN)


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.

titan energy systems limited

Documents

titan modules

solar power plant asansol

solar power plant kolar

mw grid

solar cells

cases titan

poly crystalline modules

companys manufacturing