Updated: May 29, 2019
Growing up in Bombay, India (renamed Mumbai in 1995) in the 1970s, Soam Goel learned early in life that bureaucratic red tape went hand in hand with running a business. His father, an engineering entrepreneur, ran a small manufacturing company that specialized in producing special purpose machines, among them one that produced the tape used in audio cassettes.
Goel senior was good at designing and manufacturing new types of machines, but he relied heavily on his teenage son to deal with the commercial Indian government bureaucracy that controlled and regulated phone, power and water services to the community.
“Whenever the factory needed a new phone line, or perhaps an upgraded power supply, it was up to me to figure out how to get it done with few instructions or well-defined process in place,” said Goel.
As he got older, he became increasingly involved with managing the factory’s finance and accounting activities, a role that introduced him to the arcane and unstructured world of Indian banks and customer payment systems.
Rethinking Energy Infrastructure
Today, as the lead partner for distributed energy for Wakefield, Mass.-based Anbaric Development Partners, Goel is perfectly at home dealing with large institutions, accounting complexities, and organizations of decentralized decision makers. It’s all part of his role helping colleges, hospitals and industrial companies recapitalize and revitalize aging campus energy #infrastructure.