• The journey begun with two individuals -
Vibhav Nuwal & Vishal Pandya getting e-connected through LinkedIn. The thought process matched,
synergies struck and the idea of bringing innovation in Indian Power Market got officially
incorporated with REConnect Energy on 22nd September, 2010.
• The team of two started working on Renewable Energy Certificate (REC) market and
emerged as India's largest REC Trading Company within first 12 months of operations.
• Within first three years, the team expanded to about 17 and the client portfolio reached
about 2 GW of capacity of RE spread across India.
• The journey also helped us discover few remarkable and extra-ordinary teammates
who led the team from the front and helped us consolidate our market
• The strong presence in REC market also helped us expand further in the new areas like wind/solar
power forecasting and scheduling. Under this, we developed some very valuable skills like
large scale data processing and analytics, machine learning algorithms for predictive analysis,
building scalable architecture for large IT platforms.
• The work done under wind forecasting and scheduling helped us win another award of
Wind Facilitator of the Year (2014) at 4th Wind IPP Summit Awards.
• As a next step of innovation, we have now launched India's first marketplace
(clickpower.in) to transact renewable energy based bilateral contracts.
The objective of the marketplace is help consumer procure greener and cheaper power through
a most transparent and cost-effective way.
The platform also helps RE generators to map very large consumer base across key states in India.
• It gives us an immense confidence to have some of the most prominent industry experts on our
advisory board. They helped us during our initial stage as an angel investors and even as on today,
they continue to help us through mentoring, providing strategic guidance
and continued motivation to keep creating value for the stakeholders.
Bruce Usher is The Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director of the
Social Enterprise Program at Columbia Business School in New York City,
where he teaches MBA students on the intersection of finance, social and environmental issues.
Professor Usher is a recipient of the Dean's Award for Teaching Excellence. From 2002 to 2009,
Usher was CEO of EcoSecurities Group plc, during which time he built it into the world's largest
carbon credit company.
Usher led EcoSecurities through an IPO, a secondary public placement and strategic investment,
and the sale of the entire company to JP Morgan in December 2009.
EcoSecurities developed more than 400 projects in 36 countries,
representing approximately 10% of all projects approved by the United Nations under the Kyoto Protocol.
Prior to EcoSecurities, Usher was co-founder and CEO of TreasuryConnect LLC, which provided
electronic trading solutions to banks and was acquired in 2001. Prior to that, he worked in
financial services for twelve years in New York and Tokyo.
Usher is an active investor in entrepreneurial ventures, having invested in 21 companies,
including seven clean energy businesses. He is on the Board of Community Energy,
a US solar project development company, and the United Nations Fund for International
Partnerships. He earned an MBA with distinction from Harvard Business School.
Prof. Khaparde is with the Department of Electrical Engg.
At IIT Bombay. His areas of expertise includes micro grids, distributed generation,
smart grid, transmission pricing, transmission system expansion planning,
restructured power systems, ancillary market designs, intelligent power grid and power system
studies. He has been a part of Member (Advisory Committee) at Maharashtra Electricity
Regulatory Commission (MERC), Indian Smart Grid Forum (ISGF), and Indian Energy Exchange (IEX).
He has also been recognized as Senior Member (IEEE).
He has published over 170 research papers on power system related topics.
He holds a PhD in Electrical Engg., from IIT Kharagpur. He is with IIT Bombay since 1978.
Infuse is a venture catalyst. Housed at IIM Ahmedabad's Centre for Innovation Incubation
and Entrepreneurship (CIIE), partners with exceptional entrepreneurial teams in India to
help create, build and scale new cleantech business.
Infuse provides entrepreneurs with hands-on
business and mentoring support, a world-class ecosystem of Indian and global partners, and
seed & early-stage capital.
John D Rockerfeller once said –
"A friendship founded on business is better than a business founded on friendship".
And we truly subscribe to this. Diversity in thought process, complementarity of skillsets
and ability to perceive things differently are at the core when it comes to our management team.
The management team at REConnect collectively represents about 7 years of experience in carbon
& environmental markets, 5 years of experience in Solar EPC, 9 years of experience in power market,
7 years of experience in IT management, 12 years of experience in tax auditing and 14 years of experience in REC market.
Apart from the experience, the team also represents the alumni network of the Columbia University,
IIT Bombay, Rotterdam School of Management – Erasmus University, Symbiosis and ICAI.
An engineer by heart and has passion for power markets.
He brings good understanding on regulations, power system studies, market models,
programming, algorithms and renewable energy. That makes him the holy grail of energy market.
He loves innovation through technology and believes in delivering things with a difference.
He is an alumnus of IIT Bombay with specialization in power systems & power electronics.
Before REConnect, he worked with IEX (business development)
and L&T (power transmission and distribution).
A rare gujju soul who doesn't think much about money except for his strict veg.
diet and love for dandia dance.
Vibhav is an MBA from Columbia Business School, New York, where his course work
focused on environmental finance and markets. Vibhav is also a Chartered Accountant with
extensive experience in corporate finance, accounting and business strategy. Most recently,
he worked in a carbon credit trading and investments firm, where he managed the trading
and monetization activities for over $50 million worth of carbon credits.
In the past, he has worked on the REC and EEC markets in USA, where he played a key role
in studying market design and performance for many countries and gave recommendations for market
setup in the USA.
He has over 10 years of experience in the strategy consulting and finance with marquee
companies like Arthur Andersen and JPMorgan, and has diverse international experience,
having worked in USA, UK, Switzerland and Singapore.
Vibhav is also a guest lecturer on Sustainability at IIM, Lucknow.
He is responsible for the Business Development Activity in the REC field.
In past, he has worked in senior management in a leading Carbon and Electricity Consulting Company.
He was the head of business development for India for carbon advisory practice where
he successfully developed the carbon advisory businesses and worked on over 50 projects.
Madhusudan is a geeky electrical engineer who enjoys reading and coding in his free time.
He has a long trail of experience in IT, Strategy and general management.
As the CTO of the company he is responsible for product design and development,
release and market launch of clickpower.in, the analytics platform and all other products being developed at REConnect.
He is a Electrical engineer from Bangalore University with an MBA in General management from Rotterdam School of Management, Erasmus University,
He believes that world will run short of knowledge one day and hence he continue
to gather knowledge of everything (literally everything). Knowing abilities of Rajni Sir
and Jadeja Sir, people at REConenct love to call him as Madhu Sir.