India’s Solar and Power Backup Market Trends

Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?

I have worked for nearly 4 decades, having diverse experiences in India and Asia. In Thailand, I worked in the FMCG sector, Telecom, white goods sectors, and the power storage and renewable sectors. I also worked across TTK, Johnson and Johnson, Gillette, Nokia, and Whirlpool.

For the last 9 years, I was the managing director of Luminous. I have experience across various industries, with a primary focus on sales and marketing, as well as some experience in strategy.

Q2. What is the current market size of India's home electrical and power backup industry, and what are its key growth projections for the next five years?

I focus on the power backup industry. If you just look at the stationary storage power, primarily in residential plus small SMEs, it would be about 20 to 25,000 crores of the market without Solar. If you include solar, it could be at least about another 1 1/2 to 2 times that market if you include the total solar space as well.

Now, India is an interesting case where, on the one hand,…