MR. GAGAN PATIDAR

Q.What differentiates your company from competitors in the market for PV junction boxes, connectors, and wiring harnesses?

At Vemould, we have a very clear philosophy: to be a leader in our segment, we must be “The Best.” For us, “The Best” means zero compromise on quality. We are proud to be known as the manufacturer of the highest-quality junction boxes in the industry, where we maintain an unwavering commitment to excellence, even down to the smallest detail. Our products are made with 100% virgin raw materials, rigorously tested against the highest quality standards. Our cables hold BIS and IEC certifications, ensuring compliance with both Indian government regulations and global benchmarks. Receiving the IEC certification is a clear reflection of our dedication to maintaining top-tier quality. We firmly believe that continual improvement is the key to success and sustainability, and we are always striving to advance in our journey toward achieving excellence in every aspect of our business.

Q. Given that 5-6% of your net profits are allocated to R&D, which areas do you prioritize for innovation, and what factors guide your decision-making process in selecting these focus areas?

At Vemould, we believe that continuous innovation is essential to staying ahead in the market. With 5-6% of our net profits dedicated to R&D, we prioritize areas that directly enhance the performance, safety, and durability of our products. Our primary focus areas include: Quality Enhancement: We constantly invest in developing better materials and improving product designs to ensure the highest possible performance and reliability. Compliance & Certifications: We focus on innovation that aligns with evolving industry standards, ensuring that our products not only meet but exceed global quality benchmarks such as BIS, IEC, and others. Technological Advancements: We stay at the forefront of technological trends in the PV industry, investing in smart components and advanced manufacturing techniques that improve the overall efficiency of solar systems. When selecting focus areas for R&D, we base our decisions on a few key factors:

• Customer Needs: Understanding evolving customer requirements and market trends is crucial to ensuring our innovations align with real-world demands.

• Regulatory Standards: We consider changes in local and international regulations to ensure that our products remain compliant and ahead of the curve.

• Feasibility & Impact: We prioritize innovations that offer substantial improvements in product performance, durability, and cost-effectiveness, ensuring that they add long-term value to our customers and our business

Q. Could you elaborate about your product range, particularly highlighting the most popular items and the specific industries it caters to?

At Vemould, our product range is designed to meet the diverse needs of the solar energy and electrical industries, with a strong focus on delivering highperformance, durable, and reliable components. Our product portfolio includes:

PV Junction Boxes (JBs): These are among our most popular products and are a core component in the solar energy sector. Our junction boxes are designed to protect the electrical connections in solar systems, ensuring long-term performance and safety. They are available in various sizes and configurations to cater to different solar system setups.

PV Connectors: We offer high performance connectors designed for use in solar power installations, ensuring easy, secure, and safe connections between solar panels, inverters, and other components. These connectors are engineered to withstand harsh environmental conditions, ensuring reliability in even the most demanding solar installations.

Wiring Harnesses: Our wiring harnesses are crucial for efficiently managing and routing electrical connections within solar systems and other electrical applications. They are built with high-quality, durable materials to ensure reliable performance and longevity Solar Cell Squeegees & Solar Cell

Printing Screen: Considering current market dynamics and Govt focus on creating in-house ecosystem for Green Energy, many Indian players are coming up with Solar Cell Manufacturing setup and so we are also ready with product which will help to Cell manufacturer for their Cell Printing and Silver Paste Squeegeeing requirement.

Solar Cables: We offer IEC and BIS certified EBEAM Solar DC cables which are dual insulated and made of XLPO (Cross Linked Polymer) which is sustainable and durable solutions for EPC and IPP players

Q. How does your company incorporate sustainability into its production processes, and how does this commitment shape the design and manufacturing of your products?

 At Vemould, sustainability is at the heart of everything we do. We recognize that as a leading manufacturer in the PV industry, we have a responsibility to not only deliver high-quality products but also to minimize our environmental footprint. Here’s how sustainability is embedded into our production processes and product design:

 Eco-friendly Materials: We prioritize using sustainable, 100% virgin raw materials which complies to ROHS and REACH Standards in our products, which not only ensures superior performance but also supports our commitment to environmental responsibility.

Energy-Efficient Manufacturing: Our production processes are designed to minimize energy consumption and waste. We continuously invest in advanced manufacturing technologies that improve energy efficiency and reduce carbon emissions

Recyclability and Waste Reduction: Sustainability in design goes beyond just using eco-friendly materials. We ensure that our products are designed with recyclability in mind, allowing them to be repurposed at the end of their lifecycle.

 Packaging and Transportation: We continually strive to reduce the environmental impact of our packaging by using recyclable materials and minimizing packaging waste. Additionally, we optimize our logistics to reduce carbon emissions associated with transportation. By embedding sustainability into every aspect of our operations—from material sourcing and energy usage to product design and packaging—Vemould ensures that our commitment to the environment is reflected in the quality, reliability, and ecoconsciousness of our products.

Q. Would you provide details about any recent expansions or upgrades to your manufacturing facility, and how have they improved operational efficiency or streamlined processes?

As India is moving ahead of becoming Global Leader in Renewable Energy production, At Vemould, we are committed to continuous improvement & walk alongside of Govt Vision, and this is reflected in our recent investments in expanding and upgrading our manufacturing facility. Some of the notable changes include:

State-of-the-Art Equipment: We have recently invested in advanced manufacturing equipment, including assembly line and precision testing machinery. This allows us to increase production capacity while maintaining the highest levels of quality control.

Expanded Production Capacity: To meet the growing demand for our products, we’ve expanded our production facility to include additional workstations and production lines. This expansion has not only increased our throughput but has also improved our ability to manage larger orders and scale operations as needed.

Lean Manufacturing Processes: We have dedicated department named “Vemould Operating System (VOS), focused on lean manufacturing principles across our facility, especially on reducing waste, improving workflow efficiency, and optimizing inventory management. This has resulted in shorter lead times, reduced operational costs, and greater responsiveness to customer demands.

Enhanced Quality Control Systems: With upgraded inspection and testing capabilities, we’ve strengthened our quality control processes. We now have more comprehensive and efficient methods for testing raw materials and finished products. Employee Training and Development: As part of our expansion, we’ve invested in employee training programs to ensure that our team is well-equipped to operate the new technology and maintain the high standards we set for our products. These recent upgrades have not only enhanced our manufacturing capacity and product quality but have also positioned us to better serve our customers with faster turnaround times and more reliable delivery schedules

Q. How is the company planning to enhance market penetration and expand its client base in the coming years through strategic initiatives?

 At Vemould, we are focused on expanding our market reach and growing our client base through a combination of strategic initiatives. Our approach is aimed at enhancing brand visibility, building strong partnerships, and continuously improving the value we offer to our customers. We are planning to strengthen our presence not just in domestic market but also in international markets. By expanding our footprint in emerging solar markets across Asia, Europe, and North America, we aim to tap into new opportunities where renewable energy adoption is rapidly growing. We are also focusing on penetrating untapped regions where demand for high-quality PV components is on the rise. Also, By offering a broader range of innovative products, such as enhanced connectors, smart PV solutions, and next-gen junction boxes, we aim to attract new clients and deepen our relationships with existing customers.

Customer-Centric Approach: We plan to invest in improving our customer service and support infrastructure. By providing tailored solutions, quicker response times, and enhanced post-sales support, we aim to build stronger, more loyal customer relationships, to further differentiate ourselves from competitors.

Targeting New Industry Segments: Beyond the solar energy sector, we are looking to expand into complementary industries, such as electric vehicle (EV) charging infrastructure, energy storage solutions, and smart building systems. By diversifying our product applications, we aim to reach new customer segments and create additional revenue streams.

Q. How does the leadership team leverage over two decades of industry experience to ensure the company remains innovative, responsive to market demands, and stays at the forefront of technology?

The leadership team at Vemould draws on over two decades of industry experience to drive the company’s continuous innovation, agility, and technological advancement. This extensive experience provides us with a deep understanding of both the current landscape and the evolving trends within the renewable energy. Our leadership team has gained invaluable insights into market dynamics, customer needs, and technological developments. This knowledge allows us to anticipate market shifts and align our strategies with emerging trends, ensuring we are always ahead of the curve when it comes to innovation and meeting customer expectations. Over the years, our leadership has cultivated strong relationships with key stakeholders, including suppliers, customers, and industry experts. These connections provide us with valuable insights and feedback that inform our strategic decisions. We also collaborate with industry leaders and participate in global forums, which helps us stay at the forefront of technological advancements and regulatory changes.

Q. Would you provide details about any recent expansions or upgrades to your manufacturing facility, and how have they improved operational efficiency or streamlined processes?

 As India is moving ahead of becoming Global Leader in Renewable Energy production, At Vemould, we are committed to continuous improvement & walk alongside of Govt Vision, and this is reflected in our recent investments in expanding and upgrading our manufacturing facility. Some of the notable changes include: State-of-the-Art Equipment: We have recently invested in advanced manufacturing equipment, including assembly line and precision testing machinery. This allows us to increase production capacity while maintaining the highest levels of quality control. Expanded Production Capacity: To meet the growing demand for our products, we’ve expanded our production facility to include additional workstations and production lines. This expansion has not only increased our throughput but has also improved our ability to manage larger orders and scale operations as needed. Lean Manufacturing Processes: We have dedicated department named “Vemould Operating System (VOS), focused on lean manufacturing principles across our facility, especially on reducing waste, improving workflow efficiency, and optimizing inventory management. This has resulted in shorter lead times, reduced operational costs, and greater responsiveness to customer demands. Enhanced Quality Control Systems: With upgraded inspection and testing capabilities, we’ve strengthened our quality control processes. We now have more comprehensive and efficient methods for testing raw materials and finished products. Employee Training and Development: As part of our expansion, we’ve invested in employee trainingprograms to ensure that our team is well-equipped to operate the new technology and maintain the high standards we set for our products. These recent upgrades have not only enhanced our manufacturing capacity and product quality but have also positioned us to better serve our customers with faster turnaround times and more reliable delivery schedules.

Q. How is the company planning to enhance market penetration and expand its client base in the coming years through strategic initiatives?

 At Vemould, we are focused on expanding our market reach and growing our client base through a combination of strategic initiatives. Our approach is aimed at enhancing brand visibility, building strong partnerships, and continuously improving the value we offer to our customers. We are planning to strengthen our presence not just in domestic market but also in international markets. By expanding our footprint in emerging solar markets across Asia, Europe, and North America, we aim to tap into new opportunities where renewable energy adoption is rapidly growing. We are also focusing on penetrating untapped regions where demand for high-quality PV components is on the rise. Also, By offering a broader range of innovative products, such as enhanced connectors, smart PV solutions, and next-gen junction boxes, we aim to attract new clients and deepen our relationships with existing customers. Customer-Centric Approach: We plan to invest in improving our customer service and support infrastructure. By providing tailored solutions, quicker response times, and enhanced post-sales support, we aim to build stronger, more loyal customer relationships, to further differentiate ourselves from competitors. Targeting New Industry Segments: Beyond the solar energy sector, we are looking to expand into complementary industries, such as electric vehicle (EV) charging infrastructure, energy storage solutions, and smart building systems. By diversifying our product applications, we aim to reach new customer segments and create additional revenue streams.

Q. How does the leadership team leverage over two decades of industry experience to ensure the company remains innovative, responsive to market demands, and stays at the forefront of technology?

 The leadership team at Vemould draws on over two decades of industry experience to drive the company’s continuous innovation, agility, and technological advancement. This extensive experience provides us with a deep understanding of both the current landscape and the evolving trends within the renewable energy. Our leadership team has gained invaluable insights into market dynamics, customer needs, and technological developments. This knowledge allows us to anticipate market shifts and align our strategies with emerging trends, ensuring we are always ahead of the curve when it comes to innovation and meeting customer expectations. Over the years, our leadership has cultivated strong relationships with key stakeholders, including suppliers, customers, and industry experts. These connections provide us with valuable insights and feedback that inform our strategic decisions. We also collaborate with industry leaders and participate in global forums, which helps us stay at the forefront of technological advancements and regulatory changes