Mr Rakesh Malhotra is a successful serial entrepreneur. His initial professional engagements were with Siemens, NELCO and Mitsui. 1985 he founded his first venture, called "Oak Power Systems" which sought to exploit the power situation in India by designing and marketing India's first offline UPS system for PCs. He has since been instrumental in founding several other ventures in areas such as, Electric Vehicle and Electric Drive Train, Engineering Design Outsourcing, Telecom Energy Efficiency and Mobile Handsets Manufacturing. His most successful venture "Luminous Power Technologies" which he started with a capital of Rs. 2 lakhs and built it into one of India's best known names in its space (invertors). In 2011 he divested 74% stake to Schneider Electric. This company has also raised capital from CLSA Capital Partners and IFCI Venture Capital Partners. He continues as Chairman of Luminous Power Technologies (P) Ltd.
Since 2011 has been engaged in angel and venture investing. Has built businesses in Clean Energy, Consumer Products, Storage Energy and in the Drinking Water space apart from Distribution and Brand Building. He has a BE (Electronics & Telecom) from Jadavpur University and has a strong interest in investing and mentoring entrepreneurs in growing their businesses
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