Biography of Gaurav Sood: Founder & CEO of Sprng Energy- Entrepreneur
Biography of Gaurav Sood:
Early Education and Career Beginnings
Gaurav Sood’s journey into the world of energy and business
began with his education at Thapar Institute of Engineering and Technology,
where he earned a Bachelor’s degree in Chemical Engineering. His foundation in
engineering was further strengthened by a Master’s degree in Renewable Energy
from Savitribai Phule Pune University, which ignited his passion for
sustainable technologies. Following his technical studies, Sood pursued a
Postgraduate Diploma in Marketing and Finance from Symbiosis International University,
equipping him with a robust understanding of business dynamics.
A Strategic Start in Consulting
Sood’s professional journey began as a Management Trainee at
GE SBIGE SBI in 2002, where he gained initial insights into the corporate
world. His role evolved into a Consultant position at Technology Network India
Pvt Ltd, focusing on strategy, operations, and innovation management. These
early experiences were instrumental in shaping his strategic thinking and
understanding of complex business environments.
Diving into Financial Services
In 2005, Sood transitioned into the financial sector with
ICICI Prudential Life Insurance Company Limited as a Manager in Business
Excellence. Here, he worked on process improvements through Six Sigma projects,
enhancing operational efficiency and reducing errors. This role honed his
skills in managing core operations, HR, and finance, further broadening his
expertise.
Venturing into Renewable Energy
By 2006, Sood joined Bharat Forge Ltd as a Senior Manager,
where he played a crucial role in the company’s foray into renewable energy. He
was part of the team that established Kalyani Group’s entry into the wind
sector through Kenersys, a turbine manufacturer. Sood’s efforts in securing
private equity funding for the wind business marked a significant milestone in
his career and showcased his ability to drive strategic initiatives.
Leadership at Solairedirect
Sood’s next major role was as Managing Director at
Solairedirect, which later became Engie Solar. From 2010 to 2017, he led the
company’s operations in India, establishing it as a prominent player in the
solar photovoltaic market. Under his leadership, Solairedirect India built a
substantial portfolio of over 450 MW of solar assets, solidifying its position
in the renewable energy sector.
The Birth of Sprng Energy
In 2016, Gaurav Sood co-founded Sprng Energy, a company
dedicated to advancing renewable energy in India. Sprng Energy, headquartered
in Pune, focuses on developing and managing solar and wind energy projects. The
company quickly made a mark in the industry, growing its portfolio to more than
2 GW of operating assets, reflecting Sood’s vision and commitment to clean
energy.
Biography of Gaurav Sood: Founder & CEO of Sprng Energy- Entrepreneur/ Investor/Success story of Gaurav Sood/Sprng Energy/Age/Net worth/Wife/life Story
Sprng Energy’s Growth and Achievements
Under Sood’s leadership, Sprng Energy expanded its
operations significantly. By 2022, the company had exceeded 2.5 GW in total
installed capacity. This growth was driven by Sood’s strategic direction and
the company’s focus on delivering competitive and sustainable energy solutions.
The company’s achievements include building a diverse portfolio of solar and
wind projects, contributing to India’s renewable energy targets.
Acquisition by Shell
In July 2023, Sprng Energy attracted attention from global
energy giant Shell, leading to its acquisition. This move marked a significant
milestone for the company, as Shell’s investment provided additional resources
and support to further accelerate Sprng Energy’s growth. The acquisition
underscored the company’s success and its pivotal role in the renewable energy
sector.
The Vision for a Green Future
Sprng Energy’s mission is to contribute to India’s energy
transition by harnessing the power of solar and wind energy. The company aims
to build a greener future by expanding its renewable energy portfolio and
setting new benchmarks in environmental and social governance. Sood’s vision
for the company is to create a sustainable energy landscape that aligns with
global environmental goals.
Current Operational Capacity
As of now, Sprng Energy’s operational capacity includes
2300.48 MWp of solar power and 497.5 MW of wind power. This impressive capacity
showcases the company’s ability to generate clean energy on a large scale,
making a significant impact on reducing carbon emissions and supporting
sustainable development.
Strategic Investments and Growth
Sprng Energy’s growth trajectory is fueled by strategic
investments and a focus on expanding its renewable energy assets. The company’s
portfolio is continually evolving, with ongoing projects and future plans aimed
at enhancing its capacity and market presence. This strategic approach ensures
that Sprng Energy remains at the forefront of the renewable energy sector.
Leadership and Impact
Gaurav Sood’s leadership at Sprng Energy has been pivotal in
shaping the company’s success. His extensive experience in the renewable energy
sector, combined with his strategic vision, has driven the company’s growth and
positioned it as a leader in the industry. Sood’s commitment to sustainability
and innovation continues to inspire and lead the company towards a brighter,
greener future.
Looking Ahead
With Shell’s backing and a strong operational foundation,
Sprng Energy is well-positioned for continued growth and impact. The company is
focused on expanding its renewable energy portfolio, exploring new
technologies, and contributing to India’s clean energy goals. Sood’s leadership
will be instrumental in navigating the evolving energy landscape and achieving
long-term sustainability objectives.
Timeline for Gaurav Sood’s story
2002: Started as a Management Trainee at GE SBIGE SBI.
2005: Joined ICICI Prudential Life Insurance as Manager in
Business Excellence.
2006: Became Senior Manager at Bharat Forge Ltd, focusing on
renewable energy.
2010: Took on Managing Director role at Solairedirect (Engie
Solar).
2016: Co-founded Sprng Energy.
2022: Sprng Energy surpassed 2.5 GW in installed capacity.
July 2023: Sprng Energy acquired by Shell.
Current: Sprng Energy operates 2300.48 MWp solar and 497.5
MW wind power.
