Mayur Misra, director of Corrit On-Demand Solutions Limited, has had a fascinating journey in the renewable energy space. After obtaining a B.Tech degree from SRM University, Chennai, he went on to work as an investment banker at the Royal Bank of Scotland in Mumbai for over two years.
In April 2015, Misra began his entrepreneurial journey with Corrit On-Demand Solutions. Around the same time, he also started a travel networking platform, Companyon, which was sold subsequently in 2019. Corrit started as a handyman company but in 2017 it became a 100 per cent solar engineering, procurement and construction company.
To improve his knowledge of renewable energy, Misra also completed a certificate course offered by Stanford University on energy innovation and technology. He led the company’s first project, a 200 kW solar project, at a housing society in Gurgaon, in collaboration with the Haryana Renewable Energy Development Agency.
From this point on, the company set up solar projects for about 75 residential projects. In 2018, it also entered the commercial and industrial space with a solar project at the headquarters of Enkay Rubbers India. Since then, the company has expanded its portfolio considerably, driven by commercial and industrial projects, most notably a 5.4 MW rooftop solar project set to be commissioned in Pune, Maharashtra. Another notable project was a 400 kW solar rooftop at the Infotech Centre in Gurugram, which was commissioned in May 2021. Commercial and industrial solar projects represented about 87 per cent of the company’s revenues last year.
As a first-generation entrepreneur, Misra admits that he has faced a fair share of failures, but he is proud that in the past three years the company has reported profits. His experiences have taught him to be open to changing the approach if it does not demonstrate results. “While executing projects, I ask for customer feedback every second week, so that the plan can be refined on the go,” he says.
As for future plans, Misra aims to lead Corrit in setting up over 500 MW of solar projects by 2025. On a personal level, Misra wishes to develop a product that is used by at least a million people. An automobile enthusiast, he is working on building a flat tyre electric scooter. In his free time, he enjoys travelling with his wife, visiting food outlets and watching cricket.