How do you improve on a profitable business model like Selco’s? That was the question that a group of 20-or-so yatris had to ponder over while also identifying the major positive themes of the model.
Their solution for expansion was interesting: Selco would be split into Selco India and Selco Foundation, which operates as a non-profit and builds ecosystems for communities to get access to clean energy.
“While the Selco Foundation has initiatives like using a part of CSR funds to promote clean energy Selco India doesn’t subsidise anything,” explains Ashwin Chandra, one of the yatris analysing Selco. “We thought that if Selco India also used CSR funds and introduced subsidy models they could expand their base.”
Community hall
Specifically, another yatri explains, if the company were to accept grants or other funds it could be used to set up a community hall in villages powered by solar lighting. This could be used as a work centre which also doubles up as a library. “We think this will not create an ownership issue and will benefit the whole community,” he explains.
