Fourth Partner Energy Eyes Rs 1000 Cr revenue by 2020
India’s leading distributed solar companies focused on financing, building and servicing rooftop solar projects – Fourth Partner Energy has set a revenue target of Rs 1,000 crore by 2020. Founded in 2010, the company has been net profitable every year while clocking exceptional growth in its year-on-year revenues, the Company founder Partner and Executive Director Saif Dhorajiwala said in a statement here.
Commenting on the company’s growth and expansion plans, Mr. Dhorajiwala, said the company continues to see tremendous opportunities for growth and expansion. Its operations in Hyderabad and Pune and today it has expanded its presence across 10 cities like Delhi/NCR, Mumbai, Bangalore, Chennai, Ahmedabad and Jaipur among others, the statement said.
The company has completed over 1350 installations across 22 states in India and as of date, the company has installed a total capacity of 50 MWp and is currently sitting on an order book of over 50 MWp, he said. The company has partnered with over 80 clients and some of the noteworthy clients that it has tied-up with in the recent past include Ferrero India, Vizag Smart City, Navodaya University, Schneider Electric and Symbiosis University, among others, he claimed. Fourth Partner Energy will also be implementing almost 10 MWp of rooftop projects for the Indian Railways in Varanasi, Jabalpur and Gorakhpur.
In another significant development, various Central Government establishments in the States of Maharashtra, Karnataka, Telangana, Rajasthan will be electrified by Fourth Partner Energy as part of a 500 MWp tender issued by Solar Energy Corporation of India (SECI), he added.