Mr. B. G. Raghupathy (60), a science graduate and a first generation entrepreneur, early in his life, identified opportunities in the power sector. He laid the foundation for this organization with a small factory at Pannamgadu Industrial Estate, Nellore in 1986. He began by doing fabrication work for BHEL’s ancillary unit in Ranipet. Simultaneously he was in negotiations with various foreign companies. He established contact with GEA Energitechnik, GmbH and secured large contracts for GEA. GEA then proposed and entered into a 40:60 joint venture agreement and set up GEA Energy System India Private Limited in 1985. The company commenced manufacturing load condenser tube cleaning systems and debris filters - both import substitutes. Even before completion of the civil works the company received its first order worth Rs. 17 lakhs from Neyveli Lignite Corporation in 1987.
In 1991-92 GEA Energy System (India) Pvt. Ltd., achieved the distinction of having won the Indo German Chamber of Commerce Award for outstanding export performance. His focus on international quality in products and services helped the company win many Export Performance Awards. GEA India won an order from Tenaga Nasional Berhard of Malaysia as part of their modernization program. GEA clinched the deal competing with a tough International player. In an interview with Business India magazine, Mr. B.G. Raghupathy had said, “It was most trying time in my life. The fight was bitter at every stage”.
Subsequently in 1993 GEA Energietechnik divested its stake to Mr. B.G. Raghupathy. From 1993 to 2000, Mr. B.G. Raghupathy entered into many technical collaborations and joint ventures for various equipment and services for Power Sector. With a good record of completed projects, and a slew of technical collaborations, Mr. B.G. Raghupathy pioneered the concept of Balance of Plant (BoP) in India. He created a new market in the sector. This would mean execution of contracts which is outside of the Power Island – the Boiler, Turbine and Generator. He went on to create the Power Projects Division in 1997 and the company got the first BoP contract in 2000 and an EPC contract in 2003. In 2008 the company went public, renamed as BGR Energy Systems Limited became a turnkey service provider for Power Plants. In 2010, a JV was signed with Hitachi Power Europe for Super Critical Boilers and another with Hitachi Limited Japan for Steam Turbines and Generators. In subsequent years, he enabled the company catapult to the top league in EPC segment with orders from NTPC and other State Electricity Boards.
Mr. B.G. Raghupathy’s strategic thinking, network, quick and bold moves helped him create an enterprise that can handle projects of any size anywhere in the world.