Top 10 electrical engineering companies in India 2021 Electrical engineering companies deal with the branch of electrical science which p...
Top 10 electrical engineering companies in India 2021
Electrical engineering companies deal with the branch of electrical science which primarily involves the studies of electricity and equipment for power generation and distribution, control of the machine. The electrical industry consists of the production of transformers, motors, generators, switch gears, home appliances, transmission lines, etc.
The Indian Electrical Industry is one of the leading electrical markets in the world, involved in the manufacturing and development of electrical equipment. Electrical companies are either privately held or public limited companies, which jointly caters the nation’s overall progress.
Usually, these companies often generate the job falling into three different nature, such as field job, research, and management. It also involves in disciplines of power, signal processing, microelectronics, instrumentation, electronics, control, telecommunications, computers, etc.
1) BHEL [Bharat Heavy Electricals Limited]
Bharat Heavy Electricals Limited (BHEL) is the leading electrical company in India, which came into existence in the year 1964. Headquartered in New Delhi, the company is involved in the designing, manufacturing and installing of products related to power and transmission sector.
BHEL is a Maharatna Company with operations in more than 70 countries in the world. Some of its products are Boilers, Transformers, Gas Turbines, Fuel Cells, and Valves.
BHEL is engaged in the design, engineering, manufacturing, construction, testing, commissioning and servicing of a wide range of products, systems and services for the core sectors of the economy, viz. power, transmission, industry, transportation, renewable energy, oil & gas, and defence.
It has a network of 17 manufacturing units, 2 repair units, 4 regional offices, 8 service centres, 8 overseas offices, 15 regional centres, 7 joint ventures, and infrastructure allowing it to execute more than 150 projects at sites across India and abroad. The company has established the capability to deliver 20,000 MW p.a. of power equipment to address the growing demand for power generation equipment.
BHEL has retained its market leadership position during 2015–16 with 74% market share in the Power Sector. An improved focus on project execution enabled BHEL record its highest ever commissioning/synchronization of 15059 MW of power plants in domestic and international markets in 2015–16, marking a 59% increase over 2014–15. With the all-time high commissioning of 15000 MW in a single year FY2015-16, BHEL has exceeded 170 GW installed base of power generating equipments.
It also has been exporting its power and industry segment products and services for over 40 years. BHEL's global references are spread across over 76 countries across all the six continents of the world. The cumulative overseas installed capacity of BHEL manufactured power plants exceeds 9,000 MW across 21 countries including Malaysia, Oman, Iraq, UAE, Bhutan, Egypt, And New Zealand. Their physical exports range from turnkey projects to after sales services.
During the year 2012–13, the company invested about ₹1,252 Crore on R&D efforts, which corresponds to nearly 2.50% of the turnover of the company, focusing on new product and system developments and improvements in existing products. The IPR (Intellectual Property Rights) capital of BHEL grew by 21.5% in the year, taking the total to 2170.
2) Havells India Ltd.
The company is engaged in the manufacturing of electrical equipment, viz. motors, switchgear, capacitors, motors, etc. The company stands fourth in the list of Top 10 Electrical Companies in India.
Havells India Limited is a swiftly growing electrical company in India, which came into existence in the year 1958. Headquartered in Noida, Uttar Pradesh.
the company has products ranging from home and kitchen appliances, lighting for domestic, commercial and industrial applications, LED lighting, fans, modular switches and wiring accessories, water heaters, industrial and domestic circuit protection switchgear, industrial and domestic cables and wires, induction motors, and capacitors among others. Havells India owns some brands like Havells, Lloyd, Crabtree, Standard Electric and Promptech.
The company has 23 branches / representative offices with over 6,000 workers in over 50 countries. India's first Lloyd's exclusive outlet is acquired by businessman Mr. Rajan Bansal. The store is situated in western part of New Delhi, Paschim Vihar. As of 2016, it has 11 manufacturing plants in India located at Haridwar, Baddi, Noida, Faridabad, Alwar, Neemrana, and Bengaluru. In 2014, Havells was listed 125th among 1200 of India's most trusted brands according to the Brand Trust Report 2014, a study conducted by Trust Research Advisory.
In 2007, Havells' creation of a capacitor manufacturing plant in Noida, Uttar Pradesh with the capacity of 6,00,000 KVAr per month was completed. Later it acquired the lighting business of a Frankfurt based company Sylvania, a global leader in the lighting business and now for the first time in its history, the company's turnover exceeded US$1 billion. By 2007, Havell's were well known for its electrical switches, energy meters and miniature circuit breakers (MCBs). In March 2007, Havells acquired SLI Sylvania of Netherlands for $300 million, making it the fourth largest lighting business in the world, worth over a billion USD. This was, at that time, the biggest overseas takeover by an Indian electrical equipment manufacturer. This takeover helped to give the Havells brand access to over 20,000 dealers across Latin America, Europe, Asia and Africa. The combined Havells-Sylvania generated over a $1 billion in revenue with more than 60% coming from international sales.
3) Siemens Ltd.
A German Multinational Corporation, Siemens is the next electrical company on this list, which was established in the year 1847. Siemens made its debut in India in the year 1922.
Some of the business domains of this company are Power, Energy Management, Mobility and Building Technologies. The company operates in more than 20 manufacturing plants in India and some of its top-selling products are Gas Turbines, Steam Turbines, Compressors, Generators, and Electrical Systems.
Siemens India manufactures steam turbines, turbo compressors, high-voltage switchgear (circuit breakers, disconnectors and gas-insulated switchgear), switchboards, remote monitoring systems (RMS), fire detectors and suppression systems, motors and generators, relays and Smart Grid systems, transformers, and advanced medical imaging equipment.
The factories replicate global, best-in-class manufacturing systems and practices, with a facility to overhaul and repair gas turbines, compressor blades and rotors. Siemens has 22 factories located across the country, eight Centres of Competence, 11 R&D centres and a nationwide sales and service network.
Siemens India is a leader in technology solutions for intelligent (smart), sustainable cities, smart grid, building technologies, mobility and power distribution. Siemens is involved in the Restructured Accelerated Power Development and Reforms Programme (R-APDRP) of the Government of India for installing Smart Grid solutions in many cities in India.
For over six decades, Siemens India has been the preferred technology solutions provider, conceptualizing and implementing various flagship projects in Mobility, Energy Management, Power and Gas, Smart Cities, Intelligent Infrastructure, Industrial Applications, Healthcare and Smart Financing. Siemens India is also strengthening its digitalization portfolio and working on select applications in the country.
4) ABB India Ltd.
ABB India Limited is ranked third in the list of Top 10 Electrical Companies in India on the basis of its market capitalization. With more than 10 manufacturing units in India, ABB India Limited is involved in the manufacturing of Transformers, Generators, Motors, Automation Products, etc.
A part of Switzerland based ABB Group, ABB India Limited started its operations in India in the year 1949.
ABB India Ltd is a technology leader that is driving the digital transformation of industries. With a history of innovation spanning more than 130 years, ABB has four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by the ABB Ability™ digital platform.
ABB’s Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees.
5) Crompton Greaves Consumer Electrical Ltd
Crompton Greaves, an electrical company founded in the year 1937 is presently a leading manufacturer of switchgear products, automation products, and other electrical appliances.
The product line of Crompton Greaves includes Transformers, Generators, Motors, Reactors, Pumps, etc. Apart from India, Crompton Greaves has its presence in over 15 countries across the globe. This company stands seventh in the list of Top 10 Electrical Companies in India.
The Company launched some breakthrough products like India’s first anti-dust fan and anti-bacterial LED bulb. Crompton is the Best Electrical Brands.
- Total Sales: Rs 4,520 Cr
- Market Cap: 16,952 Cr.
- Dividend Yield: 0.74 %
- ROCE: 35.42 %
- ROE: 38.69 %
- Promoter holding: 26.20 %
- Debt to equity: 0.24
- Price to book value: 11.61
As of February 2016, The Company is a independent company under professional management and have 2 business segments – Lighting and Electrical Consumer Durables. The Company market products under the “Crompton” brand name in India and select export markets.
6) Bajaj Electricals Ltd
Bajaj Electricals Limited is a part of the Bajaj Group and is well known for the manufacturing of home appliances, fans, and lighting products, etc.
Some of its top-selling appliances are Mixer Grinders, Water Heaters, Inverter, Electric Kettles, Ceiling Fans, LED Lights, Microwave Ovens, etc.
Bajaj Electricals Limited (BEL), is a part of “Bajaj Group”. Bajaj Electricals business is spread across – Consumer Products (Appliances, Fans, Lighting), Exports, and EPC (Illumination, Transmission Towers and Power Distribution).
- Market Cap: 5,956 Cr.
- Dividend Yield: 0.67 %
- ROCE: 7.00 %
- ROE: -0.74 %
- Sales Growth (3Yrs): 5.43 %
- Face Value: 2.00
- Promoter holding: 63.17 %
- Debt to equity: 0.80
- Price to book value: 4.21
Bajaj Electricals has 20 branch offices spread in different parts of the country besides being supported by a chain of distributors, authorised dealers, retail outlets, exclusive showrooms called ‘Bajaj World’ and approximately 500 customer care centres.
7) Polycab India Ltd
n 1996, the Company was incorporated as ‘Polycab Wires Private Limited’ at Mumbai as a private limited company under the Companies Act, 1956.
In 1998, ‘Polycab Industries’ was subsequently converted into a private limited company as ‘Polycab Industries Private Limited’ under the Companies Act, 1956. Polycab Industries Private Limited was subsequently amalgamated with the Company in 2011.
- Revenue: Rs 8,830 Cr
- Market Cap: 13,267 Cr.
- Dividend Yield: 0.79 %
- ROCE: 29.34 %
- ROE: 22.35 %
- Sales Growth (3Yrs): 17.09 %
- Promoter holding: 68.55 %
- Debt to equity: 0.04
- Price to book value: 3.46
Later, the Company was converted into a public limited company, the word ‘private’ was struck off from the name of the Company and consequently, a fresh certificate of incorporation dated August 29, 2018 was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana (“RoC”), recording the change of the Company’s name to “Polycab India Limited (Formerly Known as Polycab Wires Limited)”.
8) V-Guard Industries Ltd
V-Guard grew rapidly to become a name synonymous with voltage stabilizers across South India. Very soon the brand expanded its wings and is now available across the length and breadth of the country with a wide range of products.
- Total Sales: Rs 2,566 Cr
- Market Cap: 7,186 Cr.
- Dividend Yield: 0.54 %
- ROCE: 26.12 %
- ROE: 19.62 %
- Sales Growth (3Yrs): 5.97 %
- Face Value: 1.00
- Promoter holding: 62.73 %
- Debt to equity: 0.01
- Price to book value: 7.23
The company extended their range of products to Voltage Stabilizer, Digital UPS, Inverter and Inverter Batteries, Electric Water Heaters, Solar Water Heaters, Domestic Pumps, Agricultural Pumps, Industrial Motors, Domestic Switch Gears, Distribution Boards, Wiring Cables, Industrial Cables, Induction Cooktops, Mixer Grinders, Fans, Rice Cooker, Gas Stoves & Solar Power Systems.
9. Finolex Cables Ltd
Finolex Cables Ltd is India’s largest and leading manufacturer of electrical and telecommunication cables with a turnover in excess of ₹26 Billion (about US$ 400 million). The company started its operation with the manufacture of PVC insulated electrical cables for the automobile industry.
- Total Sales: Rs 3,078 Cr
- Market Cap: 4,251 Cr.
- Dividend Yield: 1.62 %
- ROCE: 19.47 %
- ROE: 15.61 %
- Sales Growth (3Yrs): 5.58 %
- Face Value: 2.00
- Promoter holding: 35.92 %
- Debt to equity: 0.00
- Price to book value: 1.56
Since then, the Company has constantly endeavored to augment its product range to include PVC Insulated Industrial Cables , FR-LSH PVC Insulated Industrial Cables, PVC Insulated Single Core and Multicore Flexible Industrial Cables, Rodent Repellent Multicore Flexible Industrial Cables, PVC Insulated Winding Wires and 3 Core Flat Cables, XLPE 3 Core Flat Cables, Power and Control Cables, High Voltage Power Cables (Up to 33 kV), Polyethylene Insulated Jelly Filled Telephone Cables, Auto & Battery Cables, Co-axial and CATV cables, LAN Cables, Switchboard Cables, Fibre Optic Cables, Solar Cables and others.
10. Orient Electric Ltd
Orient Electric Limited (OEL) is part of the diversified Indian conglomerate CK Birla Group. A distinguished name in the Indian fan industry for more than 60 years, Orient Electric has today established itself in the market as a one-stop brand for lifestyle electrical solutions which include Fans, Lighting, Home Appliances and Switchgears.
Orient Electric takes pride in its R&D capabilities, spirit of continuous innovation and commitment to manufacture cutting-edge lifestyle electrical products that meet the needs and expectations of new age consumers. It has fully integrated manufacturing facilities based in Kolkata, Faridabad, Noida and Guwahati.
- Revenue: Rs 2,062 Cr
- Market Cap: 4,235 Cr.
- Dividend Yield: 0.58 %
- ROCE: 29.42 %
- ROE: 23.66 %
- Sales Growth (3Yrs): 113 %
- Promoter holding: 38.52 %
- Debt to equity: 0.43
- Price to book value: 11.77
It is largest manufacturer and exporter of fans from India with a dominating presence in over 40 international markets. One of the Best Electrical Brands in India.
The future is electrical
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