Gensol Consultants Pvt. Ltd., one of the leading carbon consultancies in India has successfully raised capital for 15-20% stake to a US based venture capital firm, India Venture Partnership Ltd., managed by India Venture Partnership Management, a Mauritius GBL1 company, with the deal being of an enterprise value within the range of $4-$6 million. Expressing his delight on this transaction Mr. Anmol Jaggi, Director, Gensol Consultants Pvt. Ltd stated, “There is a landscape of opportunities for carbon advisory firms with the topical issues of global warming and climate change experiencing heightened focus by both public and private domain. The post-2012 market is also expected to gain momentum with an augmented demand and supply of carbon credits and number of new emerging schemes being introduced by various developing countries in order to meet their targets. With a firm expertise of India Venture Partners advisory committee, sufficient liquidity along with a highly skilled team supporting Gensol's vision of intensifying its expertise in the complete Energy space and tap the growing market opportunities, we can certainly scale new heights in no time.” Since its inception, Gensol has always kept itself abreast with dynamic market conditions and is rapidly growing its client base, with an aggressive expansion mode adopted right from the beginning. Subsequent to establishing a strong base in India with offices in major cities like Bangalore, Mumbai, Ahmedabad and Gurgaon, the company is ready to spread its reach in the international markets by commencing its operations in South East Asia, Europe and UK.
Gensol's existing turnover is slated to grow 15 times by 2012 and the team size is also expected to escalate from the present 120 to 600 in the next three years. Gensol has recently introduced a whole new set of advisory and trading services for Renewable Energy Certificates, a scheme to be launched by the Government of India under National Action Plane on Climate Change later this month. Speaking on the occasion, Mr. Navneet Gosal, Advisor at India Venture Partners commented, “This partnership is a definite step for us in the clean technology arena which is growing faster than any other industry. Since at India Venture Partners we value passion and knowledge, Gensol, with both these qualities imbibed in its every team member, supports our vision of engaging the complete carbon consultancy space. We foresee Gensol Consultants as one of the premium clean and green service providers in India along with a strong global foothold in the next few years.”
Soource: India PR wire