Top 10 Electrical Equipment Manufacturing Companies in India

Electrical equipment is an essential component of various industries, including power generation, transportation, electronics, and more. With advancements in technology, the demand for electrical equipment has increased exponentially. This document provides an overview of some of the leading electrical equipment manufacturing companies worldwide.

Top Electrical Equipment Companies List by Market Capitalisation

Below, we look at the Top 10 Electrical Equipment Manufacturing Companies by Market Capitalisation (latest quarter). This list is limited to companies that are publicly traded in the India, either directly or through NSE & BSE. All data has been updated at the end of May 2024.

1. Siemens

• Net Profit (latest quarter): ₹ 896.40 Cr.
• Sales (latest quarter): ₹ 5313.80 Cr.
• Market Cap: ₹ 248973 Cr.
• Quarterly profit growth: 73.72 %
• Exchange: BSE, NSE

Siemens India, part of the global Siemens AG, has a strong presence in multiple sectors including industry, energy, healthcare, and infrastructure. The Key Products are Electrical equipment, automation systems, power generation and distribution systems, and building technologies.

Siemens Limited is a German electrical equipment manufacturing company with a strong presence in India. Siemens offers a wide range of electrical equipment, including power systems, transformers, switchgear, and industrial automation equipment. Siemens serves a diverse customer base in India, including industrial, infrastructure, and utility sectors.

2. A B B (ABB India Ltd)

• Net Profit (latest quarter): ₹ 459.29 Cr.
• Sales (latest quarter): ₹ 3080.36 Cr.
• Market Cap: ₹ 175334.06 Cr.
• Quarterly profit growth: 87.46 %
• Exchange: BSE, NSE

A subsidiary of the global ABB Group, ABB India is a leader in industrial technology and automation. Key Products of ABB are Robotics, industrial automation, electrification products, and power grids.

ABB India Limited is a global leader in electrical equipment manufacturing, with a strong presence in India. The company has a strong presence in the Indian market and exports to various countries. ABB India serves a diverse customer base, including industries, utilities, and infrastructure projects.

3. B H E L (Bharat Heavy Electricals Ltd)

• Net Profit (latest quarter): ₹ 489.62 Cr.
• Sales (latest quarter): ₹ 8260.25 Cr.
• Market Cap: ₹ 101275.82 Cr.
• Quarterly profit growth: -25.59 %
• Exchange: BSE, NSE

Established in 1964, BHEL is one of the largest engineering and manufacturing companies in India in the energy and infrastructure sector. Key Products of BHEL are Power generation equipment, transmission products, industrial systems, and renewable energy solutions.

4. CG Power & Industrial Solutions Ltd

• Net Profit (latest quarter): ₹ 233.81 Cr.
• Sales (latest quarter): ₹ 2191.72 Cr.
• Market Cap: ₹ 99276.69 Cr.
• Quarterly profit growth: -1.79 %
• Exchange: BSE, NSE

CG Power & Industrial Solutions Ltd is a leading global provider of power systems and solutions. The company offers a wide range of products and services for various sectors, including power utilities, industries, and infrastructure. With a strong presence in over 100 countries, CG Power & Industrial Solutions is committed to providing innovative and energy-efficient solutions for a more sustainable future.

CG Power & Industrial Solutions is committed to driving innovation and sustainability in the power industry. The company invests heavily in research and development to develop cutting-edge technologies that enhance efficiency, reduce emissions, and contribute to a greener future. By leveraging digital technologies and data analytics, CG Power & Industrial Solutions helps customers optimize their operations and improve their environmental footprint.

Product and Services

CG Power & Industrial Solutions offers a wide range of products and services to meet the diverse needs of its customers. Some key offerings include:

• Power Generation: The company provides power generation solutions, including gas and steam turbines, distributed power systems, and renewable energy technologies.
• Transmission and Distribution: CG Power & Industrial Solutions specializes in the design, construction, and maintenance of transmission and distribution infrastructure.
• Power Distribution: The company offers power distribution equipment, including transformers, switchgears, and substations.
• Grid Solutions: CG Power & Industrial Solutions offers advanced grid solutions, including substation automation, smart metering, and power quality monitoring.
• Renewables: The company supports the growth of renewable energy sources, providing inverters, transformers, and control systems for solar and wind power projects.

5. Suzlon Energy

• Net Profit (latest quarter): ₹ 254.12 Cr.
• Sales (latest quarter): ₹ 2196.21 Cr.
• Market Cap: ₹ 61800.97 Cr.
• Quarterly profit growth: 352.16 %
• Exchange: BSE, NSE

Suzlon Energy Limited is a global renewable energy company, specializing in wind turbines. Headquartered in Pune, India, Suzlon has been at the forefront of wind energy technology since its inception in 1995. With a strong presence in more than 20 countries, Suzlon is widely recognized as a leader in the development of wind turbines and wind farm projects.

Suzlon specializes in the design, manufacture, installation, and maintenance of wind turbines. The company offers a wide range of wind turbines, including Suzlon S-series, Senvion V-series, and the S97-2.1 MW wind turbine. Suzlon also provides wind farm development and consulting services, helping customers maximize their wind energy potential.

Suzlon has established a strong presence in countries across Asia Pacific, Europe, North America, and Latin America. The company has manufacturing facilities in India, Germany, Denmark, China, and the United States. Suzlon's global footprint allows them to serve a diverse range of customers, including utilities, independent power producers, and governments.

Suzlon has received numerous awards and recognition for its achievements in the field of renewable energy. The company has been honored with titles such as "World's Largest Wind Turbine Manufacturer" and "India's Most Respected Company in Renewable Energy." Suzlon has also been recognized for its strong corporate governance practices and its commitment to ethical business practices.

6. Hitachi Energy

• Net Profit (latest quarter): ₹ 113.66 Cr.
• Sales (latest quarter): ₹ 1695.28 Cr.
• Market Cap: ₹ 45354.11 Cr.
• Quarterly profit growth: 123.70 %
• Exchange: BSE, NSE

Hitachi Energy is a global technology company specializing in energy solutions. With a strong focus on innovation and sustainability, Hitachi Energy is committed to driving the energy transition and enabling a carbon-neutral future.

Hitachi Energy originally started as ABB Power Grids, which was acquired by Hitachi in 2020. The acquisition brought together the strengths of both companies, bringing together Hitachi's expertise in technology and ABB's expertise in power systems.

Hitachi Energy is committed to driving innovation and sustainability in the energy industry. The company invests heavily in research and development, aiming to develop innovative solutions that address the challenges faced by the energy sector.

Hitachi Energy also prioritizes sustainability throughout its business operations. The company focuses on reducing carbon emissions, promoting energy efficiency, and adopting sustainable practices.

Products and Services

Hitachi Energy offers a wide range of products and services across the energy value chain. Some key offerings include:

1. Power Grids: Hitachi Energy provides cutting-edge solutions to enhance the reliability and efficiency of power grids. This includes products and services such as high-voltage transformers, substations, and grid automation systems.
2. Transportation: Hitachi Energy is actively involved in the transportation sector, offering solutions for electric vehicles, charging infrastructure, and energy storage.
3. Renewable Energy: Hitachi Energy plays a significant role in the renewable energy sector, providing products and services such as wind turbines, solar panels, and energy storage systems.
4. Utilities and Industry: Hitachi Energy offers tailored solutions for utilities and industrial customers, helping them optimize their energy consumption, enhance efficiency, and drive sustainability.

7. GE T&D India

• Net Profit (latest quarter): ₹ 66.29 Cr.
• Sales (latest quarter): ₹ 913.60 Cr.
• Market Cap: ₹ 33926.63 Cr.
• Quarterly profit growth: 353.79 %
• Exchange: BSE, NSE

General Electric (GE) is a global leader in the energy sector, with a strong presence in India. Their Transmission & Distribution (T&D) division plays a vital role in delivering reliable and efficient power solutions to the country.

GE T&D India has a strong presence across India, with its offices and manufacturing facilities located in various regions. They have partnered with leading utilities, power producers, and grid operators to provide customized solutions tailored to the specific needs of the Indian market.

Innovation and sustainability are core values at GE T&D India. They invest in research and development to develop cutting-edge technologies, aiming to reduce greenhouse gas emissions and optimize energy efficiency. GE is committed to becoming a leading provider of sustainable solutions in the power sector.

Products and Services

GE T&D India offers a wide range of products and services to meet the evolving needs of the Indian market. Some of their key offerings include:

• Transmission Equipment: GE offers a range of state-of-the-art transmission equipment, including transformers, circuit breakers, and insulators.
• Distribution Solutions: GE provides innovative distribution solutions, such as smart substations, grid automation systems, and distribution transformers.
• Grid Modernization: GE helps utilities modernize their grid infrastructure, including smart grid technologies and data analytics tools.
• Grid Reliability: GE's products and services aim to enhance grid reliability, including fault detection and self-healing capabilities.
• Renewable Energy Integration: GE supports the integration of renewable energy resources into India's power grid, ensuring smooth and reliable operation.

8. Apar Inds.

• Net Profit (latest quarter): ₹ 236.22 Cr.
• Sales (latest quarter): ₹ 4455.11 Cr.
• Market Cap: ₹ 31414.83 Cr.
• Quarterly profit growth: -2.68 %
• Exchange: BSE, NSE

Apar Industries Limited is a leading Indian multinational conglomerate company that operates in various industries such as agrochemicals, pharmaceuticals, specialty chemicals, and polymers. With a strong focus on innovation and sustainability, Apar Industries has successfully established itself as a leading player in the Indian and global industries.

Apar Industries was founded in 1981 by industrialist Late Shri G. D. Parikh. The company started with the production of agrochemicals and gradually expanded its operations to include pharmaceuticals and specialty chemicals. Today, Apar Industries has a diverse product portfolio and operates in multiple regions across the globe.

Apar Industries has a strong presence in India and overseas markets. The company has manufacturing facilities in India, Sri Lanka, and Nigeria, and exports to various countries across the globe. Apar Industries' global presence allows it to cater to the needs of international markets and expand its customer base.

Products and Services

Apar Industries offers a wide range of products and services across various sectors. Some of its key offerings include:

1. Agrochemicals: Apar Industries manufactures and markets a wide range of agrochemicals, including insecticides, herbicides, fungicides, and plant growth regulators. These products are used to protect and enhance crop yields in agriculture.
2. Pharmaceuticals: Apar Industries has a strong presence in the pharmaceutical sector. The company produces generic drugs, APIs (Active Pharmaceutical Ingredients), and formulations for various therapeutic areas.
3. Specialty Chemicals: Apar Industries specializes in the production of specialty chemicals catering to various industries. The company manufactures chemicals for water treatment, agrochemicals, textiles, and adhesives.
4. Polymers: Apar Industries manufactures and markets polymers for various industrial applications. The company has expertise in polymer compounding, extrusion, and injection molding.

9. Inox Wind

• Net Profit (latest quarter): ₹ 36.72 Cr.
• Sales (latest quarter): ₹ 527.73 Cr.
• Market Cap: ₹ 18918.03 Cr.
• Quarterly profit growth: 145.06 %
• Exchange: BSE, NSE

Inox Wind is a global leader in renewable energy solutions with a focus on wind turbines. Headquartered in India, the company is dedicated to delivering clean and affordable energy to communities around the world. With a strong focus on innovation and sustainability, Inox Wind is at the forefront of the renewable energy industry.

Inox Wind was founded in 2015 by a group of experienced wind energy professionals. The company's founders recognized the need for reliable and sustainable energy solutions in regions with limited access to traditional power sources. With a vision to drive the transition to renewable energy, Inox Wind set out to establish itself as a leader in the wind turbine market.

Inox Wind operates in several regions globally, including India, Europe, North America, and Africa. The company has a strong focus on emerging markets, where demand for renewable energy is growing rapidly. Inox Wind's presence in different countries enables it to leverage local knowledge, expertise, and partnerships to drive sustainable energy projects.

Product Portfolio

Inox Wind offers a wide range of wind turbines tailored to specific customer needs. The company's product portfolio includes:

1. Turbines: Inox Wind's wind turbines are designed to provide efficient and reliable energy production. With advanced technology and a robust design, these turbines are suitable for various applications.
2. Services and Solutions: In addition to wind turbines, Inox Wind provides a range of services to support its customers throughout the lifecycle of their renewable energy projects. These services include installation, maintenance, and optimization of wind turbines.
3. Grid Integration: Inox Wind recognizes the importance of seamlessly integrated renewable energy sources into the existing power grid. The company offers advanced grid integration solutions to ensure the smooth operation of wind turbines and the stability of the electrical grid.

10. Triveni Turbine

• Net Profit (latest quarter): ₹ 76.20 Cr.
• Sales (latest quarter): ₹ 458.05 Cr.
• Market Cap: ₹ 18700.66 Cr.
• Quarterly profit growth: 36.86 %
• Exchange: BSE, NSE

Triveni Turbine Limited is a leading Indian company specializing in the design, manufacture, and supply of turbine and related components for various applications. With a strong focus on innovation and excellence, Triveni Turbine has established itself as a trusted brand in the industry.

Triveni Turbine Limited was formed in 1982 as a joint venture between Tata Power Company Limited and Mitsubishi Heavy Industries, Japan. The company was initially set up to manufacture steam turbines for power plants. Over the years, Triveni Turbine has expanded its product offerings to include gas turbines, wind farms, and renewable energy solutions.

Triveni Turbine Limited has a strong presence in the Indian and international markets. The company has supplied turbines to various power plants, industrial units, and infrastructure projects in India and abroad. Some of its clients include Tata Power, NTPC, Reliance Power, and Adani Power.

Products and Services

Triveni Turbine Limited offers a wide range of products and services to meet the specific needs of its clients. Some of its key offerings include:

1. Turbines: Triveni Turbine manufactures a wide range of steam turbines, gas turbines, and wind turbines to cater to various industries.
2. Components: The company specializes in the design, manufacture, and supply of turbine components, such as rotors, stators, and blades.
3. Services: Triveni Turbine provides end-to-end solutions for turbine installations, maintenance, and repair. This includes project management, commissioning, and technical support.
4. Renewable Energy: With a growing focus on renewable energy, Triveni Turbine offers turbines for wind farms and solar power projects.

Conclusion

Electrical equipment manufacturing companies play a vital role in the advancement of various industries. These companies manufacture a wide range of products, including electric motors, generators, transformers, circuit breakers, and more. By providing innovative solutions, these companies contribute to the smooth functioning of electrical systems around the world.