Nuetech Solar consults Francorp for advice on its Pan-India expansion plan

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 24x6 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. ”

About Francorp

Since its inception in 1976, Francorp has been the unsurpassed leader of the Franchise Consulting Industry globally. Over the years, Francorp based out of Chicago, has assisted companies in virtually every market segment with its patented processes and unmatched expertise. The clients include companies like Bridgestone, XEROX, Shell Oil, Hallmark Cards, Encyclopaedia Britannica, Mad Science Group, Pollo Camperio, Ace Hardware, BP, Fruehauf, and Gant, to name a few. In India, Francorp has associated with Franchise India Holdings Ltd. and has coalesced in an experience of 42 years.

About Franchise India

Franchise India is Asia’s largest integrated franchise solution company since 1999, with an absolute authority on Franchising, Licensing, Retailing, Real estate and Marketing. The company has consulted several major brands over these years like HCL, MGF, Quality Walls, Tata, Gitanjali, HSBC, Levis, JK Tyres, Lakme, D’damas, Adidas, Euro Kidz, The Apollo Clinic, Chhabra 555, Kidzee, Motilal Oswal, and Rosebys, Next, Welhome and more, through media, advisory and exhibitions. With its strategically formed divisions, Franchise India has created its own niche as the pioneers of franchise industry and a small business authority.

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For further information, please contact:

Franchise India: Payal Gupta@98113 90248/ gpayal@franchiseindia.net