The Enact Journal

ENACT launches partnership with AMBUJA NEOTIA, expands India operations

Published On : March 28, 2018

March 28, 2018, Kolkata, India. ENACT SYSTEMS, the leading enterprise software platform for solar projects has expanded its India operation in strategic partnership with Neotec Hub, an incubator started by Ambuja Neotia, one of the most prominent and respected corporate houses headquartered in Kolkata with its forte in Real Estate, Hospitality, Healthcare and Education. Neotec Hub has partnered with ENACT SYSTEMS to develop solar on several of the Ambuja Neotia properties including malls and hotels. “ENACT’s Software platform provides a Complete LifeCycle Management solution for Solar projects, that simplified the solar journey for new Solar Customers like ourselves”, said Sanjay Sarda, President of Corporate Strategy at Ambuja Neotia Group and Director of Neotec Hub. “The use of Solar is now mandatory for new construction projects in many states of India. Our end-to- end platform simplifies the entire life-cycle of projects from initial design to financing, construction bids, and asset management”, said Deep Chakraborty, CEO of ENACT SYSTEMS. “We are looking to partner with real estate leaders like Ambuja Neotia on their solar procurement and asset management needs, working alongside them deploy and manage solutions for long-term return”, he added. ENACT’s enterprise-grade platform-as- a-service is rapidly bringing down the soft costs for solar services, that make up more a significant portion of the total installed cost of a system. Soft costs are also becoming important for commercial developers in India, as high acquisition and development costs plague this segment globally.

About Neotec Hub:

The Neotec Hub is an Incubator of The Ambuja Neotia Group who are the leading business house in Eastern India, under the stewardship of Mr. Harshavardhan Neotia, and have been responsible for various landmark projects in and around Kolkata such as City Centre, the mall that went on to re-write several retail rules, Ffort Raichak, Kolkata’s first luxury weekend getaway and the pastoral hamlet by the Ganges, Ganga Kutir amongst many others. The Group has several ongoing projects in Eastern India as well as other parts of the country and is continuing to live by its maxim of making a difference to the way people live. Neotec Hub is an Incubator for Start Ups working in the domains of Realty, Hospitality, Education and Healthcare which provides Unlimited Mentorship, First Customer Access to Ambuja Neotia Businesses, Funding, Infrastructure and Networking.

About ENACT SYSTEMS

ENACT SYSTEMS Inc. is a leader in cloud-based software for the solar industry. ENACT’s platform automates solar project analytics, design, financing automation, installation workflow management and asset monitoring for solar projects. ENACT’s Platform powers complete solar business operations for 100+ companies, ranging from top global corporations to emerging solar project developers. ENACT is headquartered in the San Francisco Bay Area, with an office in Bangalore, India.

March 28, 2018, Kolkata, India. ENACT SYSTEMS, the leading enterprise software platform for solar
projects has expanded its India operation in strategic partnership with Neotec Hub, an incubator started by
Ambuja Neotia, one of the most prominent and respected corporate houses headquartered in Kolkata with
its forte in Real Estate, Hospitality, Healthcare and Education.
Neotec Hub has partnered with ENACT SYSTEMS to develop solar on several of the Ambuja Neotia
properties including malls and hotels. “ENACT’s Software platform provides a Complete LifeCycle
Management solution for Solar projects, that simplified the solar journey for new Solar Customers like
ourselves”, said Sanjay Sarda, President of Corporate Strategy at Ambuja Neotia Group and Director of
Neotec Hub.

“The use of Solar is now mandatory for new construction projects in many states of India. Our end-to- end
platform simplifies the entire life-cycle of projects from initial design to financing, construction bids, and
asset management”, said Deep Chakraborty, CEO of ENACT SYSTEMS. “We are looking to partner
with real estate leaders like Ambuja Neotia on their solar procurement and asset management needs,
working alongside them deploy and manage solutions for long-term return”, he added.
ENACT’s enterprise-grade platform-as- a-service is rapidly bringing down the soft costs for solar services,
that make up more a significant portion of the total installed cost of a system. Soft costs are also
becoming important for commercial developers in India, as high acquisition and development costs
plague this segment globally.

About Neotec Hub:

The Neotec Hub is an Incubator of The Ambuja Neotia Group who are the leading business house in
Eastern India, under the stewardship of Mr. Harshavardhan Neotia, and have been responsible for various
landmark projects in and around Kolkata such as City Centre, the mall that went on to re-write several
retail rules, Ffort Raichak, Kolkata’s first luxury weekend getaway and the pastoral hamlet by the Ganges,
Ganga Kutir amongst many others. The Group has several ongoing projects in Eastern India as well as
other parts of the country and is continuing to live by its maxim of making a difference to the way people
live.

Neotec Hub is an Incubator for Start Ups working in the domains of Realty, Hospitality, Education and
Healthcare which provides Unlimited Mentorship, First Customer Access to Ambuja Neotia Businesses,
Funding, Infrastructure and Networking.

About ENACT SYSTEMS

ENACT SYSTEMS Inc. is a leader in cloud-based software for the solar industry. ENACT’s platform
automates solar project analytics, design, financing automation, installation workflow management and
asset monitoring for solar projects. ENACT’s Platform powers complete solar business operations for
100+ companies, ranging from top global corporations to emerging solar project developers. ENACT is
headquartered in the San Francisco Bay Area, with an office in Bangalore, India.

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