Suhas Baxi: Co-Founder, BiofuelCircle

Co-Founder, BiofuelCircle

Suhas Baxi, co-founder of Biofuel­Circle, received his initial professional grooming and learning at Thermax and spent 14 years in various leadership roles across Asia and the US. His interest in technology resulted in a stint with a US-based start-up, Triple Point Tech­nology, which focused on software products for energy trading and risk management. Baxi led the company’s Asian business and helped establish its India Develop­ment Centre. Prior to founding Biofuel­Circle, Baxi was managing director of Konecranes and Demag Private Limited, and led the South Asian business of the Finnish-German multinational corporation. As president and chief executive officer of Pennar Indus­tries, Baxi led the company in its diversification from processed steel to engineering products. He was also chairman of the CII-Pune Zonal Council in 2010-11, and is an independent director on the board of Praj Industries and a member of the board of advisers for kPoint Tech­nologies.

At BiofuelCircle, Baxi is ste­e­ring the company as it cr­e­­ates disruption in the bio­en­­ergy industry through a ma­r­k­etplace model. The company is driving change through supply ch­a­in digitalisation tools and promoting rural biomass enterprises. “Us­ing digitalisation to tra­ns­form conventional businesses is one of my oft-stated goals. The other passion is building organisations that are socially co­nscious. With BiofuelCircle, we are trying to me­r­ge these two ambitions,” he says.

Baxi be­lieves that India’s bioenergy sector is yet to ac­hieve its potential as a green energy alternative. “One of the rea­so­ns for this is the unorganised and unreliable supply chain. Rea­ch, logi­s­tics and inadequacy of in­ce­ntives are the key issues for th­is industry in India,” he notes.

Baxi believes that the key task of a business leader is to co­nvert the organisation’s vi­s­ion into easily understandable development projects. En­couraging people across different levels of the company to participate in these projects and thus making the team a strong believer in the company’s vision can form the bed­rock of human capital development. “My management style has focused on a strategic alignment with my team, and on rigorous planning, feedback and feedforward,” he says.

Baxi studied mechanical engineering at VNIT, Nagpur, and did his management training at IIM Ahmedabad and the Har­vard Busi­ness School. In his spare time, he likes to read, run, play badmin­ton and golf, and indulge in photography.