Navitas Solar is India’s leading top-tier Solar Panel Manufacturing Company, specializing in producing Solar PV Modules, Solar Kits, Intelligent Solar Lighting and Pumping Solutions, and Solar Power Storage Solutions.
Challenges & Lemon’s Association
Navitas Group was looking for a fundraise plan along with the handholding for setting up a framework for internal control, investor relations, structuring assistance, advisory for expansions and a plan for going public over next few years. Navitas selected Lemon Consultech for help in achieving its goals.
Key Deliveries
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Handholding for Growth
Lemon Consultech is helping Navitas on a variety of fronts, right from operations improvement to feasibility studies for new plant or projects to investor pitch for raising funds to systems audits and establishing governance framework.
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Assistance in Fund Raise
Lemon Consultech group assisted Navitas in raising significant funds from HNI investors for expansion of its manufacturing capacity by over 5 times
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Business Restructuring
Lemon Consultech assisted the group in its restructuring plan to achieve faster growth.
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Help in strengthening the internal controls
Through the various audits and due diligences Lemon Consultech is helping Navitas to have better internal controls, do continuous improvements and improving the overall systems, processes and compliances.
Conclusion:
From a small company to a potentially large listed entity, Lemon Consultech has a significant role to play in the growth of Navitas Solar to enable it to provide renewable energy products and solutions at a scale to meet the global climate challenge.