|Born||March 24, 1972|
|Other names||Faruk KP|
|Height||5 ft 5 in (165 cm)|
Faruk Patel (born 24 March 1972) is an Indian entrepreneur, founder, and CMD of KP Group of Companies, known for its advancements in the telecommunications and renewable power sectors. Patel currently serves as the chairman of the Renewable Energy Committee and a member of the managing committee at SGCCI. Under Patel's leadership, KP Group which today comprises 33 companies has grown to become one of the leading umbrella firms in India with a market cap of over Rs. 1122 crore as of 2022.
Patel is majorly credited for facilitating the rapid industrialization and economic progress of Gujarat. He oversaw the successful completion of renewable energy projects - a 105 MW solar project in Charanka, and have consolidated capacity energized & In progress of more than 1630MW in renewable energy (solar and wind), more than 1600KWp of rooftop solar projects, and the development of marine infrastructure development for Reliance Industries among other industry giants such as Airtel, WTTIL, Quippo, TATA, Indus and Vodafone.
Early life and education
Patel was born on 24 March 1972 in Saladara Village in Bharuch to Gulam Patel and Rashidaben. He grew up in a lower-middle-class family where his father worked as a bus conductor for GSRTC. Earlier the family lived in Tralsa Kothi village of Bharuch, but in 1974 they shifted to Surat when Patel was two years old and they rented a one-room house in Adajan.
Patel initially studied at Surat Municipal Corporation school in Kanbiwad Bhandari Mohalla, where he was highly acclaimed by his teacher Shantaben, who advocated him to be shifted to VD Desai Vadiwala School (Bhulka Bhavan), where he completed the rest of his schooling. In order to help his family financially, Patel moved to Mumbai and began learning about import-exports along with working as an optician to earn extra money. Patel after returning from Mumbai joined Hafiz Brothers to gain more experience in the textile industry and pursued a diploma in Textile Engineering at MANTRA - Manmade Textile Research Association.
Patel started his career when he was 18 years old. He established a dress material business in a rented shop in Fazal Tower of Adajan Patia. But in order to earn more money, he moved to England in 1991 and started working at a pizza store, but after some time moved back to India to once again pursue entrepreneurship.
In 1993 Patel started a carting business and supplied materials to companies right from Hazira to Bharuch which he ran for about eight months saving money to start the KP Group. Patel established KP Group over two decades back, investing a saved capital of 1 lakh rupees. KP is derived from his native village Kothi and his surname Patel. With utmost determination and hard work, he turned his entrepreneurial venture to become a multi-crore rupee umbrella firm having two listed entities - solar power developer KPI Global Infrastructure Ltd and wind energy projects developer KP Energy Ltd.
He realized the future of communication and the requirement of towers, henceforth he expanded his business to 16 states of India. After 13 years in business, the visionary felt a need for diversification and ended up foraying into the renewable energy sector. His first venture was solar power, wherein in 2008 he established KPI Global Infrastructure, and then another in wind power with KP Energy in 2010.
Initially, he acquired 220 acres of land in Sudi, Bharuch for the development of Solar Park, which he has expanded to over 1000+ acres and currently equips 90 MW Gujarat’s largest private solar park. This arm of the KP Group has also been listed and actively traded on NSE and BSE. As of 2022, KP Energy has a portfolio of 214MW of EPC business, 1000MW projects in pipeline, and listing in BSE.
Under the parent business KP Buildcon Pvt. Ltd., Patel began his company's operations in the construction area before progressively expanding into mobile phone tower installation. After completing hundreds of projects in 16 states throughout India over 13 years, Patel decided to diversify and launched KPI Global Infrastructure Ltd (KPIGIL), a solar power company, in 2008, followed by KP Energy Ltd (KPE), a wind energy company, in 2010. Both businesses are largely focused on Gujarat and have a track record of success. Under his leadership, KP Buildcon today has become a 25000 Metric Tonnes company.
KPIGIL currently owns more than 70 MW of solar power projects in the Bharuch villages of Sudi, Bhimpura, and Tanchha, and is building another 36 MW of projects that are either under construction or in the planning phases. Patel has set a lofty goal of creating 1,000 megawatts of solar electricity by 2025.
KP Energy, on the other hand, provides end-to-end turnkey solutions for wind power projects. Currently, the corporation is in charge of 200 MW of wind power generation. It is also working on the CLP India-awarded 250.8 MW project near Dwarka, which would be completed in 2020. It has a total order book of over 1GW that will be completed in the next two and a half years.
Patel is very active in social proceedings, as actively participating in various social causes with his non-profit organization - KP Human Development Foundation. The organization since 2015 is involved in various humanitarian work in the fields like education, health, environment, etc. during the covid pandemic too KPH performed many humanitarian works on the lines of donating medicines and medical equipment in Bharuch. In order to protect the environment they have planted 1 lakh mangroves along Porbandar coast. KPH has adopted two local schools in Surat to provide quality education to the students.
Awards and recognition
- 2018: Legends of Surat (Gujarat Mitra)
- 2018: The Leaders (Mantavya News)
- 2018: Times Business & Education Icons
- 2019-20: Patel received an appreciation certificate for his unprecedented social work to the society from the commissioner of Surat Mahanagar Palika & Surat Collector.
In the media
- "Affan Faruk Patel". bloomberg. Retrieved 20 March 2022.
- "Mr. Farukbhai Patel". kpenergy. Retrieved 20 March 2022.
- Reporter, H. E. (30 December 2021). "From Rs 1 lakh to Rs 542 crore business empire, KP Group's CMD Faruk Patel is an undisputed king in Gujarat's renewable energy sector". Hello Entrepreneurs. Retrieved 20 March 2022.
- "From a Lakh to 165 crores: Faruk Patel's inspiring journey,which has just begun!". business-standard. Retrieved 20 March 2022.
- "Surat Industrialist Hosts 5-Star Lunch for Specially-Abled Kids, Old-Age Home Residents to Mark Son's Wedding". edtimes. Retrieved 20 March 2022.
- "KP Group: Employee Directory | ZoomInfo.com". ZoomInfo. Retrieved 20 March 2022.
- "K.P. ENERGY LIMITED - Company, directors and contact details | Zauba Corp". www.zaubacorp.com. Retrieved 20 March 2022.
- "KP Group is moving fast in the solar sector, receiving another large order of 12.50 MW CPP". ANI News. 13 July 2021. Retrieved 20 March 2022.