Hyderabad: Started in 2012, NeoSilica is Hyderabad-based technology-based original equipment manufacturer, offering end-to-end solutions focused on plugging the gaps in the energy systems thereby reducing operational costs and enhancing efficiencies. The company was founded by Satyam Bheemarasetti and Ravi Prasad Patruni who joined to create a range of offerings from field hardware and systems to enterprise software.
The company uses platforms based on artificial intelligence (AI) and internet of things (IOT) to monitor day-to-day operations in segments such as solar, energy, industrial, smart city, micro-grids and water markets. The company has executed over 100 projects and has serviced several large enterprises from various sectors including Tata Power, Larsen & Tubro, BHEL, BSNL, Sun Pharma Group besides others. Repeated orders kept motivating the team.
One of the early breakthroughs came when the company executed a smart grid project for Power Grid Corporation in Pondicherry in 2012, where it executed its work in just three months. NeoSilica has also executed its solutions for the world’s largest canal top solar grid (stretched over 4km) on Narmada canal in Vadodara, which was initiated by Prime Minister Narendra Modi, who was the then Chief Minister of Gujarat. The company was responsible for plant monitoring and management. The works were executed in less than three weeks.
Satyam Bheemarasetti, CEO of NeoSilica, told Telangana Today, “We utilise our strong cyber security experience to embed security measures all the way from field to server to end users, device, data and network levels. We focus a lot on research and development (R&D) and make all our products in Kushaiguda facility in Hyderabad. We are competing with energy giants and are winning projects.”
“We have invested about Rs 25 crore in our operations since our inception and may invest $10 million in the coming two years to scale up our operations, expand sales activity and invest on R&D,” he said while sharing the company’s future plans.
Being serial entrepreneurs and knowing the entire market cycle, Ravi and Satyam decided to go bottom up. They began by signing up a core team of high experienced people to work with NeoSilica on part-time basis, and a few services companies who would provide hardware and software design and development services. Then they started building their own team.
Satyam Bheemarasetti served AT&T Bell Labs, Unix System Labs, Novell, BEA Systems, Deloitte & Touche, PECO Energy and NetSilica.
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