Su-Kam was once the brand that powered India through every power cut — and in a country where load shedding was a daily reality for most of the 2000s and early 2010s, that’s not a small thing. Founded by Kunwer Sachdev, Su-Kam grew to become one of India’s largest inverter and home UPS companies. Then it went through insolvency. Here’s the full ownership story.
| Founded | 1998 |
| Founder | Kunwer Sachdev |
| Headquarters | Gurugram, Haryana, India |
| Products | Home inverters, UPS systems, solar energy solutions |
| Peak Revenue | ~₹2,000 crore |
| Status | NCLT insolvency proceedings (from 2018) |
Who Owns Su-Kam Power Systems?
Su-Kam Power Systems was founded in 1998 by Kunwer Sachdev in Gurugram, Haryana. Sachdev built the company from a small inverter dealer into India’s largest home UPS and inverter brand, with revenues peaking at around ₹2,000 crore. The company expanded into solar energy solutions and industrial UPS systems. However, Su-Kam ran into serious financial difficulties in the mid-2010s — a combination of increased competition from Luminous (Schneider Electric), Microtek, and Exide; aggressive expansion that stretched working capital; and broader sector challenges. In 2018, Su-Kam’s lenders moved the company to the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC). The insolvency proceedings dragged on, with the company’s assets and brand being evaluated for resolution. As of the mid-2020s, the Su-Kam brand remains registered but operational capacity has been severely curtailed. For comparison, see Videocon’s insolvency story and what happened to Kenstar.
| Entity | Role | Status |
|---|---|---|
| Kunwer Sachdev | Founder | Under NCLT proceedings |
| Lender banks | Creditors (initiated IBC) | Seeking resolution |
| Su-Kam Power Systems | Operating company | Under insolvency resolution |
Key Milestones
| Year | Milestone |
|---|---|
| 1998 | Su-Kam founded by Kunwer Sachdev in Gurugram |
| 2005–2010 | Grew rapidly as India’s #1 or #2 home inverter brand; national distribution built |
| 2012 | Expanded into solar energy systems; one of India’s early residential solar companies |
| 2014–2016 | Financial pressure builds; working capital stretched by aggressive expansion |
| 2018 | Lenders file for insolvency under IBC; NCLT proceedings begin |
| 2020–2026 | Resolution proceedings continue; brand in limbo |
My Take on Su-Kam
Kunwer Sachdev’s Su-Kam story is a textbook case of rapid growth outrunning financial discipline. In India’s inverter market, the brand was genuinely strong — Su-Kam was aspirational in a way that competitors weren’t. But the solar push came too early, before the market had matured enough to sustain the scale Sachdev was building. The result was a working capital crisis that the banks eventually couldn’t ignore. It’s a reminder that market leadership and business sustainability are two different things. Su-Kam led the market; it just couldn’t sustain itself financially while doing so.
