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Hailing from the Pink City, Pranav Sharma has always been curious about learning new things and exploring hidden opportunities. BITS She was in Pilani when she was working as BE. Manufacturing and Industrial Processes students helped build a solid foundation in engineering principles and practices. Fresh out of college after an internship at Deloitte, he worked with Felicity, a real estate and energy startup, and felt he was ready to tackle the real world at Adobe LLP. But why did he decide to start this business? “I think the breakthrough moment for an entrepreneur is when he sees an opportunity to bridge the gap between demand and supply of services in a particular segment. It was about traveling to cities and understanding that these places have immense potential in terms of economic, social and sustainable development, and that the economies of these cities Seeing the budding reminded me that there is a huge demand for services such as housing, renewable energy generation and the entire surrounding infrastructure despite near zero supply.'' Pranav Sharma, Ph.D., Feri City Adobe shares.
Felicity Adobe is a self-funded company in which Sharma and his father hold equal shares. What makes this startup stand out from others? “The idea of ​​building a business in the realm of sustainable development is what makes Felicity Adobe such a unique business. ” says Sharma. This startup has two of his areas: Valente NRG and Swarna Griha. While Valente NRG manages energy production and operations, Swarna Griha operates as a real estate company. “In both Swarna Griha and Valente NRG areas, we were able to grasp the challenges of service providers and consumers and were able to emerge victorious.” – A win-win situation for both. ” Sharma said Valente NRG allows farmers to earn regular income from barren and drought-stricken land, and in the case of EPC/IPP companies, the upfront investment is distributed as a 25-year lease and more. It added that there was room for. Expansion in the state. Over the past seven years, the company has amassed partners such as his Adani Power, Tata Power, and Ayana Power.
The startup works with 13 different EPC and IPP companies, impacting the lives of over 8,000 farmers. At Swarna Griha, we have delivered homes to over 2,000 families.
Sharma adds that the startup has been profitable since the first year and there is no better place than India at the moment. “The type of demand that exists in this market is unparalleled. The diversity and demographics make this market even more beautiful, as there are always fewer people in developing markets. Number of co-founders : 2, OF Employees: 100+ Founded in 2017 Opportunity: “Low barriers to entry compared to already developed cities. Throughout my career, I have developed market capabilities in residential and renewable power projects “We would be proud if we could tap even 1% of this. We are potentially looking at acquiring land banks in developing cities. The upward trend in the local economy will be a catalyst for our growth,” Sharma said. I concluded.
Fact sheet-
Number of co-founders: 2
Number of employees: 100 or more
Start year: 2017
