SavEn India Energy Management is a company that focuses on energy efficiency and sustainability. Founded in 2019, the company has quickly become a leader in its field. Here’s a look at its vision, early days, and the background of its founding team.
SavEn India Energy Management was established with a clear vision: to help customers save energy and reduce emissions. The company's mission is to drive engineering solutions that deliver financial value to its clients. From the beginning, SavEn India has been committed to creating a sustainable future for the next generation[1].
In its early days, the company faced several challenges, but its dedication to energy efficiency and innovative solutions helped it grow rapidly. The founders were driven by the need to reduce energy consumption and promote sustainable practices in India and the Middle East.
The founding team of SavEn India Energy Management includes experienced professionals in the energy sector. Naveen Dadhich and Praveen Dadhich are the key directors of the company. Naveen Dadhich, who is also the CEO, has extensive experience in energy management and engineering. Praveen Dadhich brings a strong background in business and finance to the table[2].
The team also includes other experts such as Nikhil Chaudhari, Sanu Kumar Verma, and Anuj Pandey, who are specialists in energy analysis and project engineering. This diverse team has contributed significantly to the company's growth and success.
SavEn India Energy Management has evolved significantly since its inception. Here’s a look at how the company has grown from its initial concept to its current state, its key growth milestones, and the expansion of its product portfolio.
Initially, SavEn India focused on providing energy audit services. Over time, the company expanded its services to include energy-saving projects, IoT-based energy monitoring, and energy analytics outsourcing. Today, SavEn India is recognized by the Bureau of Energy Efficiency (BEE) and is one of the leading energy audit service providers in Maharashtra[1].
The company's growth is attributed to its innovative approach and commitment to delivering value to its customers. SavEn India’s proprietary IoT framework and data analytics software have been instrumental in generating insights and designing energy-saving solutions.
SavEn India has achieved several key milestones. The company has successfully delivered over 100 energy-saving projects across India and the Middle East, saving more than 10 Cr kWh of energy and reducing CO2 emissions by 75,000 tons. This is equivalent to offsetting 31,000 trees[1]).
SavEn India was also awarded the 2nd Best ESCO in Maharashtra in 2016 by MEDA. The company’s projects have generated a higher ROI than its customers’ own businesses, with savings ranging from 35-55%[1]).
SavEn India’s product portfolio has expanded to include various services such as energy audits, energy-saving projects (EPC/CapEx and ESCO/OpEx models), IoT-based energy monitoring systems, and energy analytics outsourcing. The company also provides energy auditor services on short-term and long-term assignments[1]).
The EPC/CapEx model involves implementing energy-saving projects with the customer's investment, while the ESCO/OpEx model involves SavEn India making the capital investment and the customer paying as they save. This diverse range of services has helped the company cater to a wide range of clients and their specific needs.
SavEn India’s technology infrastructure is a critical component of its success. Here’s an overview of its core platform architecture, security and compliance framework, and innovations in the industry.
SavEn India uses a proprietary IoT framework and data analytics software to generate insights from energy consumption data. This platform helps in designing world-class energy-saving solutions. The company’s IoT system connects utilities and machines, providing visualizations in the form of dashboards and enabling customers to set up alerts for upper and lower control limits (UCLs and LCLs)[1]).
The platform is user-friendly and allows for real-time monitoring and analysis of energy consumption, which is crucial for identifying areas of improvement and implementing efficient energy-saving measures.
SavEn India ensures that its technology infrastructure complies with all relevant regulations and standards. The company follows strict security protocols to protect customer data and ensure the integrity of its systems. Being recognized by the Bureau of Energy Efficiency (BEE) and MEDA, SavEn India adheres to industry standards and best practices in energy management[1][2]).
The company’s compliance framework includes regular audits and updates to its systems to maintain the highest level of security and efficiency.
SavEn India is at the forefront of innovation in the energy management sector. The company’s use of IoT and data analytics has set a new standard for energy efficiency. By integrating smart technologies, SavEn India helps its clients achieve significant reductions in energy consumption and emissions[1][3]).
The company’s innovative approach includes outcome-based pricing, where it generates value for the customer first and retains a part of it. This model ensures that the projects are financially viable and sustainable.
SavEn India Energy Management has been making significant strides in the energy management sector in India. Here’s a look at how the company is impacting the market.
SavEn India has seen a substantial increase in its user base over the years. The company's innovative approach to energy management, using proprietary IoT frameworks and data analytics, has attracted a wide range of clients. This includes businesses and cooperative housing societies who are keen on reducing their energy costs without any initial capital investment[9].The user base growth can be attributed to the company's effective energy-saving solutions. For instance, SavEn India has successfully delivered over 100 energy savings projects across India and the Middle East. These projects have resulted in significant savings, such as reducing energy consumption by more than 10 Cr kWh, which is equivalent to 75000 tons of CO2 emissions[6].The increasing demand for energy-efficient solutions in India also plays a crucial role in SavEn India's user base growth. With the Indian government pushing for renewable energy and smart grid infrastructure, more consumers and businesses are turning to energy management systems. This trend is expected to continue, with the Energy Management market in India projected to see significant growth in the coming years[7].
SavEn India has been expanding its market share through various strategies. The company is recognized by the Bureau of Energy Efficiency (BEE) and the Maharashtra Energy Development Agency (MEDA), which adds credibility to its services. This recognition has helped SavEn India to stand out in a competitive market and attract more clients[6].The company's presence across India and the Middle East is another factor contributing to its market share expansion. SavEn India's ability to operate in diverse geographical locations allows it to cater to a broader range of clients. Additionally, the company's outcome-based pricing model, where it generates value for the customer first and retains part of it, has been well-received by clients[6].SavEn India's market share expansion is also driven by its innovative services. For example, the company offers IoT-based energy monitoring systems that connect utilities and machines, providing real-time monitoring and alerts. This technology helps clients optimize their energy usage and reduce wastage, making SavEn India a preferred choice in the energy management sector[6].
SavEn India has been involved in several financial inclusion initiatives to make energy management more accessible. The company facilitates financing for energy savings projects through various government schemes. This helps clients who may not have the initial capital to invest in energy-saving measures[6].One of the key initiatives is the ESCO (Energy Service Company) model, where SavEn India makes the capital investment and the clients pay as they save. This model eliminates the financial burden on clients and allows them to benefit from energy savings without any upfront costs[9].SavEn India's financial inclusion initiatives also include providing energy analytics outsourcing services. Clients can provide their data, and SavEn India will perform the energy analytics remotely, offering continuous energy-saving solutions. This service is particularly beneficial for small and medium-sized enterprises that may not have the resources to invest in full-scale energy management systems[6].
SavEn India's financial journey has been marked by significant milestones and steady growth.
SavEn India has experienced substantial revenue growth over the years. The company's revenue is driven by its successful energy-saving projects and the increasing demand for energy management solutions. By delivering projects that generate higher ROI than the clients' own businesses, SavEn India has been able to maintain a strong revenue stream[6].The company's revenue growth is also attributed to its diverse service offerings. SavEn India provides a range of services, including energy audits, energy-saving projects, and IoT-based energy monitoring systems. These services cater to different client needs, ensuring a steady flow of revenue[6].Here are some key points about SavEn India's revenue growth:
SavEn India's path to profitability has been driven by its focus on delivering value to clients. The company's outcome-based pricing model ensures that clients see tangible savings before SavEn India retains any part of the value generated. This approach has helped build trust and loyalty among clients, contributing to the company's profitability
[6].The company's financial prudence is another key factor. SavEn India defines a good project as one that generates returns no less than the client's own business. This ensures that all projects are financially viable and contribute to the company's overall profitability[6].Here are some key points about SavEn India's path to profitability:
While specific details on SavEn India's investment rounds and valuations are not readily available, the company's growth and financial performance suggest strong investor confidence. The company's ability to deliver high-impact energy-saving projects and its expanding client base are attractive to investors.SavEn India's recognition by reputable bodies such as BEE and MEDA also enhances its credibility and attractiveness to potential investors. The company's innovative use of IoT and data analytics further positions it as a leader in the energy management sector, making it a viable investment opportunity
[6].Here are some key points about SavEn India's investment attractiveness:
SavEn India has formed several strategic partnerships to enhance its services and reach.
SavEn India collaborates with financial institutions to facilitate financing for energy-saving projects. This partnership allows clients to access various government schemes and financing options, making energy management more accessible. The company's ability to connect clients with financial resources is a key aspect of its service offering[6].These banking collaborations also help in reducing the financial burden on clients. By providing financing options, SavEn India ensures that clients can invest in energy-saving measures without any initial capital outlay. This approach has been instrumental in expanding the company's client base and delivering more projects[6].Here are some key points about SavEn India's banking collaborations:
SavEn India partners with merchants and suppliers to ensure the smooth implementation of energy-saving projects. These partnerships are crucial for sourcing the necessary equipment and materials required for the projects. By working closely with merchants, SavEn India can ensure that projects are completed efficiently and effectively
[6].The company's merchant partnerships also help in reducing costs. By negotiating better rates with suppliers, SavEn India can pass on the savings to its clients, making energy management solutions more affordable. This approach aligns with the company's goal of delivering financial value to its clients[6].Here are some key points about SavEn India's merchant partnerships:
SavEn India has formed technology alliances to enhance its energy management solutions. The company uses proprietary IoT frameworks and data analytics software to generate insights from data. These alliances help in developing and integrating new technologies that improve the efficiency of energy management systems
[6].The technology alliances also enable real-time monitoring of energy consumption. By integrating IoT-enabled devices and smart meters, SavEn India can provide clients with valuable insights into their energy usage. This helps clients optimize their energy consumption and reduce wastage[7].Here are some key points about SavEn India's technology alliances:
Explore our expert-led programs or join our free community of 5,000+ Indian founders - scale with 18startup!
Get started 🚀 Antah Prerna Education Private Limited,
Office Address: 55, Raju Naidu Road, Tatabad, Coimbatore – 641012