The company promoted by T.K. Chandiran and C. Selvi was incorporated as “Nachas Wind Energy Private Limited” on June 05, 2012 as a private limited company under the Companies Act, 1956, with the Registrar of Companies, Tamil Nadu, Coimbatore. The name of the company was changed to “KKV Agro Powers Private Limited” vide a fresh certificate of incorporation pursuant to change of name dated May 12, 2015 issued by Registrar of Companies, Tamil Nadu, Coimbatore. Subsequently the company was converted into public limited company and the name of the company was changed to“KKV Agro Powers Limited”, pursuant to fresh certificate of incorporation consequent upon change of name on conversion to public limited company dated May 18, 2015, issued by Registrar of Companies, Tamil Nadu, Coimbatore.

The company operates under “Group Captive Power Scheme” notified under the Electricity Act, 2003 by Ministry of Power, Government of India. As per the scheme, 51% of the power produced by a power generating company is consumed by its captive users while holding at least 26% of the paid up capital of the producer. Also, such users shall consume the electricity in proportion to their shareholding

Business area of the company

The company is engaged in the business of power generation from renewable energy sources, wind and solar.

Milestones

• 2012: Commenced business as Private Limited Company
• 2012: The company has acquired Wind Energy Generator having Capacity of 1.5MW from The KTM Jewellery Limited and 1.25MW from T.K.Chandiran.
• 2014: The company has acquired three power energy generators having capacity of 0.5MW each from The KTM Jewellery Limited.
• 2014: The company has commissioned its first Solar Power Plant with a Capacity of 1MW
• 2015: The name of the company was changed to “KKV Agro Powers Private Limited”
• 2015: The company has purchased two power energy generators having capacity of 1.25MW and 0.5MW from The KTM Jewellery Limited.
• 2015: The name of the company was changed to “KKV Agro Powers Limited”
• 2016: The company has raised 586.24 Lakh by the way of preferential allotment to the promoter and promoter group.