Sharika Enterprises Ltd Management Discussions.

ABOUT OUR INDUSTRY

Power Sector India

Power is one of the most critical components of infrastructure crucial for the economic growth and welfare of nations. Indias power sector is one of the most diversified in the world. Electricity demand in the country has increased rapidly and is expected to rise further in the years to come. In order to meet the increasing demand for electricity in the country, massive addition to the installed generating capacity is required.

India ranks third among 40 countries in EYs Renewable Energy Country Attractiveness Index, on back of strong focus by the government on promoting renewable energy and implementation of projects in a time bound manner.

PERFORMANCE OF CONVENTIONAL GENERATION

The electricity generation target of conventional sources for the year 2019-20 has been fixed as 1330 Billion Unit (BU). i.e. growth of around 6.46% over actual conventional generation of 1249.337 BU for the previous year (2018-19). The conventional generation during 2018-19 was 1249.337 BU as compared to 1206.306 BU generated during 2017-18, representing a growth of about 3.57%.

SUMMARY OF OUR BUSINESS

Overview

Incorporated in 1998, Our Company engaged in Engineering Procurement Construction (EPC) contracts, specialized assembling, trading activities, Erection Services, representation services to majorly power Generation, Transmission and Distribution sector. We have grown consistently over the years and widened our portfolio which covers installing power transmission EHV cables, designing & installing EMS (Energy Management System) and allied distribution automation Equipments such as Autoreclosers, fault passage indicators (FPI) etc., designing and installing of Solar Power Generation plants.

Our Company is headquartered in the National Capital Region in India and with having assembling unit in Jammu and Noida. Also, our Company is an ISO 9001:2015 certified for providing Consultancy, Project Management, EPC Contracts in field of Power Generation, Transmission and Distribution. We operate in the infrastructure sphere in India focusing on the power sector and work with international and Indian power equipment manufacturers and involved in project management/EPC contractors.

Sharika consists of team which provides professional services that are customized to make our principals businesses a success in India. We work as a team with our principals and our clients to create positive and everlasting business relationships. Our Promoters is having experience of two decades and their hard work and continuous innovation of products, today we have become one of the renowned high-tech enterprise specialized in engineering, designing, procurement, installation, commissioning and maintenance of Solar Power Generation plants, Sub-stations, Transformers, Cable System etc.

As part of our in-house integration model, we have developed in-house resources with key competencies to deliver a project from conceptualization and design to execution and implementation. Our Company is also engaged in trading of LED lights, EHV cables & accessories, power capacitors, switchgears & Cast Resin Transformers.

Our Services

1. Engineering Procurement Constructions (EPC)

2. Representative Services

3. Other consultancy Services

Our Competitive Strengths

• Quality Assurance and Standards

• Experienced Management Team

• Diversified Client Base

• Scalable Business Model

Our Business Strategy

• Build-up a professional organization

• Optimal Utilization of Resources

• Leveraging our Market skills and Relationships

• Entering into new geographical locations

• Focus on higher margin Services

The number of permanent employees on the rolls of company:

There are approximately 72 permanent employees in the Company.

If remuneration is as per the remuneration policy of the company:

We affirm that the remuneration is given to all as per remuneration policy of the Company.

Ratio of remuneration of highest paid director to other employees who get remuneration more than highest paid director.

There is no employee who gets higher remuneration than the Directors of the Company

No employee of the Company was in receipt of remuneration exceeding the limits prescribed under rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

For SHARIKA ENTERPRISES LIMITED
Sd/- Sd/-
(Rajinder Kaul) (Ravinder Bhan)
Date: 05/09/2019 Managing Director Wholetime Director
Place: Delhi DIN: 01609805 DIN: 01609915
Add C-581 Sarita Vihar New Add: A-581, Pocket-A Sarita
Delhi 110044 Vihar New Delhi 110076