Getting Acquainted with Genus Power Infrastructures Indian power industry has been haunted by AT&C losses for quite some time now. about 200 billion units of electricity are not billed. Considering average cost of electricity at Rs 5 a unit, DISCOMS lose revenue of about Rs. 1 lakh crore per annum. All these stressed power assets in India are also largely because of this revenue loss of Rs. 1 lakh crore.
The billing and collection inefficiencies are the major contributors to AT&C losses which were addressed initially by developing meters with anti-tamper features and going forward with Smart Meter Deployment. Over the past 26 years, Genus Power Infrastructures Ltd has been serving Indian Power Utilities. Today, Genus Power Infrastructures has successfully installed 70 million Meters in India and across the globe.
The production capacity is more than 10 Million Smart Meters per annum and is upgradable to 12 -25Million within a short time span of 3-4 months. Interestingly, Genus became the first company in Asia Pacific to supply more than 3 Million Smart Meters, while having supplied more than 85% of Smart Meters installed in Indian utilities.
“We are continuously increasing our global footprints and supplying truly Made in India Smart Meters to India and other developed countries”, says Jitendra K Agarwal, Jt. Managing Director, Genus Power Infrastructures. Rightly so, the firm has also ventured into Smart Gas Metering and secured orders from key City Gas Distribution (CGD) companies.
More so, Genus is the first & only Indian company to obtain the BIS license for Diaphragm Gas Meters. Genus offers a wide spectrum of Smart Metering Solutions, that includes High End Multifunction Single Phase and Three Phase Meters, CT Operated Meters, ABT & Grid Meters, Distribution Transformer (DT Meters), Prepayment Meters, Smart Street Light Management Solution, Net- Metering Solution for rooftop Solar, Data Concentrator, Energy Management solution for Building Management and DC Metering Solution, Gas Meter, etc.
Genus also specializes in providing end-to-end metering solutions (AMI) with communication modules and software (HES, MDM) under our Smart Energy Management Solution. As mentioned earlier, the manufacturing plants with a total production capacity of over 10 million meters per annum are located across Jaipur, Haridwar and Guwahati.
Genus’ key customers include the major State electricity boards (SEB’s) and private utilities. Genus also has an engineering, construction, and contracts (ECC) division which complement the existing meter business. The company offers customized and turnkey ECC solutions to the Power Transmission and Distribution (T&D) sector.
Success On Global Standards
The success of Genus is a fascinating story of innovation and path-breaking product developments carried out by their Centre for Research & Development (R&D) recognized by the Ministry of Science and Technology – Govt. of India. The Company’s in-house R & D centre is led by a highly experienced and exceptionally qualified technical team. Genus’ state-of-the-art labs are certified by the NABL or National Accreditation Body for Testing Labs as well. The in-house tool room at Genus is as per global standards and boasts cutting-edge equipment as well as advanced software solutions.
This is what helps the Company to meet unique customer demands effectively. Genus Power has always endeavored to become self-reliant in the true sense, the clarion call by Hon’ble Power Minister for Atmanirbhar Bharat has boosted Their morale. The firmis equipped with avant-grade manufacturing facilities, complete forward and backward integration from plastic parts to final products, automated SMT lines, Lean Assembly techniques and a team of highly qualified and experienced engineers.
“We have been following the ideology of using Indian technology, products and resources to produce systems that are truly ‘Made in India’; long before Make In India became a mission for the government”, says Jitendra.He adds, “We are dependent on imports only for a few components as these components are not available locally and we aspire to become 100% self-reliant in near future”.
Extending Global Footprint
The credit for Genus’s growth doesn’t just go to its indigenously developed technology. The Company has also joined hands with reputed global communication service providers to offer products that are designed as per the specific needs of many prestigious utilities in India and other countries. Genus is witnessing healthy order enquiries and a lot of good inquiries and opportunities in export business too. The firm’s foothold in the international market has increased multifold in the last few years. “We are confident and positive about our prospects in export business”, concludes Jitendra.
Genus Power Infrastructures Ltd In Spotlight
• Truly “ Made in India” Products (Designed, Developed and produced in India)
• Leader in Smart Metering domain with more than 30% market share
• Installed base of more than 70 Million meters in India and abroad
• First & Only Indian company to have BIS (Bureau of Indian Standards) certificate for Gas Meters
• First company in Asia Pacific to supply more than 3 Million Smart Meters
• State of the art manufacturing facilities with complete forward & backward integration
• Won the “Innovative Initiative in the Power Sector”, award for Smart Metering Pilot project in UAE
• CEO, Rajendra Kumar Agarwal won “Brand Ambassador” award for his active contribution towards innovative Solutions in the Power Sector
• Different national and international certifications/recognitions, including BIS, KEMA, STS, ZIGBEE, UL, DLMS etc.
• World-class automatic meter test benches from MTE, Applied Precision and ZERA
• Developed capabilities to participate in Smart Meters deployment projects under OPEX and TOTEX (the current emerging business model among utilities)
Jitendra K Agarwal, Jt Managing Director
Jitendra is the second generation entrepreneur of the Kailash group. Kailash Group is a USD 400 million business house with a diverse business portfolio spanning Coal, Power (Metering & Infrastructure), Power backup & Solar Solutions, Paper, and Garments. He holds a master’s degree with a specialization in Family Business from S.P. Jain Institute, Mumbai. He Joined Genus in 2002 and is passionate about building and scaling businesses. Jitendra leads from the front, formulates business expansion strategies, and takes key management decisions for 2 flagship companies of the Kailash group: Genus Power Infrastructures Ltd & Genus Innovation Ltd.
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