Expansion across India through franchising
Nuetech Solar, the market leader in solar thermal industry and India’s largest solar water heater manufacturer, is geared up to spread out its presence across India through franchising route as a mode of expansion, with the expertise of Francorp.
Nuetech Solar, the market leader in solar thermal industry and India’s largest solar water heater manufacturer, is geared up to spread out its presence across India through franchising route as a mode of expansion, with the expertise of Francorp. Francorp is a part of Franchise India Group, which is Asia’s largest integrated Franchise and Retail Solutions Company that specializes in providing innovative solutions to its global clientele.
Incorporated in 1992, Nuetech has become the market leader in solar energy products in India. They are a BIS certified company maintaining ISO 9001-2000 standards. Nuetech is the largest OEM supplier in India and 3rd largest manufacturer in Indian solar water heater industries.
They have been awarded the Rashtriya Rattan award for 2002. The company’s solar collectors are approved for ISI and have Marking license from BIS and are tested and certified by Solar Energy Testing Centre, Madurai, Kamaraj University, MNES & IREDA. To its credit, it’s the first company in India which got host company approval under CDM project (solar water heaters) .The Company boasts of strong dealer network of over 150 dealers spread primarily in south & west India. They offer excellent 24×6 Service support through their dealer network.
Commenting upon this association, Mr. Gaurav Marya, Managing Director, Francorp, said “Green energy is the buzzword in the present day world dominated by the thoughts of global warming and environmental pollution. Total solar energy industry is to be estimated approx INR 400 Crs and likely to touch 18.7 million by 2022. Nuetech have been among the first in India to show that the renewable energy sector can be a very viable route to profit. As such, they have opened up an area of business that is virtually untouched. Nuetech intends to aggressively scale up its operations over the next five years. As a SWH manufacturing and marketing company with turnover of over INR 240 million in the last financial year and an expected turnover of INR 320 million for this financial year, NSSPL has realized the large potential of the solar water heater industry, which is growing at a rate of 25-30%. We are looking forward to help Website Forever with their franchisee model & roll-out plan for pan-India expansion program. Franchisees will not only benefit being associated with such acclaimed brand but also get knowledge and industry understanding from the top most players in such competitive market. They target to expand further in Karnataka, Maharashtra, Gujarat, Andhra Pradesh, Jharkhand, with over 50 outlets. “