Revolutionizing The Tech World With Innovation
As the honorable PM, Shri Narendra Modi has stated, “I see startups, technology, and innovation as exciting and effective instruments for India’s transformation,” we can truly say that startups have gained significant momentum in India and becoming a driving force for innovation, economic growth, and job creation. With a favorable ecosystem that includes supportive government policies, a burgeoning middle class, a growing tech-savvy population, and access to venture capital funding, the future of startups in India looks promising.
Startups in India are disrupting traditional industries across sectors such as e-commerce, fintech, health tech, agri-tech, and edtech, among others. These startups are leveraging cutting-edge technologies, such as AI, blockchain, and IoT, to solve complex problems and create scalable solutions. The startup culture in India is thriving, with a robust ecosystem of incubators, accelerators, and mentorship programs fostering entrepreneurship.
As India continues to be one of the world’s fastest-growing economies, the startup ecosystem is expected to grow exponentially, creating new opportunities for innovation, job creation, and economic development in the years to come. The future of startups in India is bright, with the potential to contribute significantly to the country’s socioeconomic growth and global competitiveness. With that being said, we are here to introduce our exclusive edition of the month with a major focus on startups!
Business Connect is one of the leading names in the arena of publication renowned for its impeccable volumes featuring the stories of leadership and innovation. Here, we are back with a few such stories inspiring the future generation. In this context, our editorial team had an interesting and joyful virtual session with the leadership panel of Genesis Gas. The management of the company and the duo of founders, Dr. Indrajeet and Dr. Anshumali Bhushan shared numerous lesser-known facts about the company and also shed some light on their overall entrepreneurial journey so far.
Their passion and dedication to the business world truly inspired us and made us feature them on the cover of this exclusive read. We truly hope and desire that this fascinating read will add some extra value to the lives of our global readership panel and will surely encourage the budding leaders out there to break the barriers and chase their dreams.
Giving a detailed introduction of the venture, Dr. Indrajeet quips, “Genesis Gas revolutionizes the gas distribution industry with our cutting-edge embedded platform for Smart Metering. We empower key players in the market with our Smart Gas Grid technology, enabling them to shift from “Bi-Monthly” to “Advanced” cash flow business models.
Also, our Advanced Metering Infrastructure (AMI) solutions go beyond traditional meter reading, providing two-way communications down to the meter and collecting, delivering, managing, and analyzing data more frequently. This unprecedented level of insight allows for proactive management of customers and resources, optimizing the distribution network, and ensuring system integrity.”
In the era of high gas prices, and the highly percolating gas market along with the effort of GoI on the Gas driven economy; reliable and secure communication is crucial for remote operations. After rigorous field trials, the company’s solution has been selected as the preferred communication system for Meter Reading, providing the necessary reliability and security.
Moreover, we can definitely say that Genesis Gas is at the forefront of technological innovation in the energy industry, providing advanced solutions that empower utilities to optimize operations, improve customer service, and contribute to sustainable energy management.
BRAINS BEHIND THE BRAND
• Dr. Indrajeet (Co-founder & CTO)
Dr. Indrajeet, one of the co-founders at Genesis, brings over 25+ years of experience and technical expertise in project management and software design. His contributions have led to numerous innovations in the technology domain. Dr. Indrajeet works closely with all teams and remote customer sites, ensuring timely deliveries that meet or exceed quality standards for the projects. He has won the PRODUCTIVITY AND INNOVATION AWARD From NATIONAL PRODUCTIVE COUNCIL (Make in India).
• Dr. Anshumali
Another co-founder and CEO of Genesis has over 23+ years of experience. Being CEO he looks after engaging growth areas, meeting customers, and partners, and also participating in industry events. Dr. Bhushan has also served as an advisor to the President of Cote d’Ivoire for IT and Biotechnology. Currently, he is also a member of CII National Committee on IT/ITeS 2022 – 2023 and CII Cyber Security Task Force, Dr.Anshumali is also a speaker at National and International Events.
QUALITY OVER ANYTHING
Genesis is fully committed to ensuring high quality in all their customized software solutions. The Software Quality Assurance (SQA) practices encompass a comprehensive approach that includes a Quality Management Approach, effective Software Engineering Technology, formal technical reviews, a multitiered testing strategy, control of software documentation and changes, compliance with software development standards, and measurement and reporting mechanisms.
These practices are implemented throughout the software development process to ensure that all work products meet the requirements placed upon them. Before signing off, Dr. Anshumali affirms, “Our Software Quality Team is responsible for developing a plan that is reviewed by all stakeholders. This plan outlines the evaluations, audits, and reviews to be performed, applicable standards such as ISO 27001 and ISO 9001, Procedures for error reporting and tracking, documents to be produced by the SQA group, the amount of feedback provided to the software project team, and coordination of change management and software metrics analysis.
This proactive approach helps us in guaranteeing software quality to our clients. Being a part of the Oil and Gas industry, our Hardware Products are also subjected to European Conformance of Explosives Standards.
GENESIS METER DATA MANAGEMENT (MDM):
Genesis is the first Indian company to have developed an MDM System for Gas Utility, this MDM Product named EnerDash provides complete integration of Smart Meters of any make to the Gas Utility’s Reading Collection Systems, Billing Systems as well as Payment reconciliation system. EnerDash is one of the very few products worldwide to be featured also in “Berg Insight – Report of Smart Meter Market in Asia Pacific”
GENESIS SMART METERS:
Genesis was one of the First companies in India to work on a Smart Gas Meter project which gave much sought-after respite from this Bi-monthly bill collection market. Smart Gas Meters gave the option to City Gas Distribution companies to go for Advanced Cash flow as now, consumers pay before they use the Natural Gas!
Genesis has to date one of the largest deployments of Smart Meters in India working on Innovative communication platforms like LoRa, LoRa WAN, and NFC! These technologies are both free to air and developed solely for Smart Metering and Smart Cities! It will not be far-fetched to say that Genesis products are a neat fit into the Smart City Framework of Govt. of India.
These Smart Meters have several advantages over normal meters such as they can be read either over a network or by a reader while they are walking by an apartment, thus protecting the privacy of households. The Smart Meters also detect any attempt to temper their reading and alert the gas company immediately.
New Age Smart Meters also provide concepts like “Time of Day billing”, and “Happy Hours” (Auto Disconnection delay), as well as provide uninterrupted gas supply during pandemics like COVID-19. Due to these features only, Genesis was able to run the gas network without any hiccups during the pandemic only remotely!!
GENESIS INTEGRATED SMART METER MANUFACTURING WITH IGL:
Due to increased demand and future growth potential of Gas meters, Genesis initiated its own Smart Gas Meter Manufacturing project which is now partnered by Indraprastha Gas Limited (IGL) in a JV of 51:49 with Genesis holding 49% of the JV equity.
This JV shall be able to produce at least 1 Million Meters per shift per year and be able to be profitable within a period of 3-4 years! “Our vision is to create an intelligent, indigenous, innovative, and cost-effective product ecosystem that can ensure the adoption of high-technology metering practise leading to cash flow sustainability for the City Gas Distribution Companies. Genesis is part of Vikas Life Care Limited.”
GENESIS SICK ULTRASONIC GAS METER FlowSic 500
GENESIS also signed an agreement with SICK AG, Germany to supply Ultrasonic Gas Meters for Industrial and Commercial gas customers. Within 8 months, of its sign up Genesis has received very nice orders for supply and data maintenance of these meters from reputed customers in India.
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