By Richa Chakravarty
Wednesday, April 23, 2014: Despite a power-starved market waiting to be served, the UPS system and inverter market in India has failed to live up to growth expectations in the last financial year (2012-13). As the backup power market grew marginally in 2012-13, so did the stakeholder companies. Here’s an attempt by Electronics Bazaar to bring out the real growth figures of these companies. Some major firms declined to share their revenues, so readers will be unable to ascertain these companies’ financial performance.
It is surprising that many companies, including the giants in this domain, do not file their turnovers with the Ministry of Corporate Affairs (MCA) on time, or for many years. Some do file their balance sheets, but do not reveal their financial performance. Then there are companies that do not file their entire turnover. Hence, some major companies are not featured in our ranking.
Today, the trend is for companies to have multiple businesses, in different verticals. And these companies file just one consolidated revenue figure, making it difficult to ascertain the turnover of their UPS system and inverter business alone. Barring a few in the list of the 15 companies that have been featured in the ranking, all the companies are in multiple businesses—other than just power backup systems.
The balance sheets have been either procured from the website of the Ministry of Corporate Affairs (MCA), Government of India, or have been provided by the individual companies. While this survey is by no means comprehensive, it does provide a glimpse into the growth of India’s major UPS system and inverter manufacturers.
Disclaimer: While Electronics Bazaar’s editorial team has taken the utmost care to contact all possible sources to make the list comprehensive, we may have inadvertently left out a few companies. Information contained in the following report has been obtained from sources deemed reliable, and Electronics Bazaar makes no claims with respect to its accuracy. Neither Electronics Bazaar nor its affiliates, officers, directors, employees, owners, representatives nor any of its data or content providers shall be liable for any errors or for any actions taken by any entity on the basis of this information.
| Top 15 UPS system and inverter manufacturers in india Ranked on the basis of revenue, FY 2012-13 |
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| Rank | Company | Revenue (in Rs, million) FY 2012-13 | Revenue (in Rs, million) FY 2011-12 | Revenue includes sales of: |
| 1 | Su-Kam Power Systems Ltd | 10219.90 | 6940.00 | UPS systems, inverters, batteries, solar solutions, automotive solutions, etc |
| 2 | Genus Power Infrastructures Ltd | 6613.22 | Metering solutions, power backup systems, solar power, engg construction and contracts, etc | |
| 3 | Microtek International Pvt Ltd | 5438.24 | 4391.20 | UPS systems/Inverters |
| 4 | Delta Power Solutions India Pvt Ltd | 2828.39 | 2784.80 | UPS solutions for different sectors |
| 5 | Amara Raja Electronics Ltd | 2440.64 | Consumer power solutions, EMS | |
| 6 | Hitachi Hi-Rel Power Electronics Pvt Ltd |
2254.02 | Industrial and commercial UPS systems, solar power inverters, drives and automation | |
| 7 | V-Guard Industries Ltd | 2210.00 | UPS systems and inverters | |
| 8 | Consul Consolidated P Ltd | 1052.17 | 1120.90 | UPS systems, inverters, voltage stablisers, solar, transformers |
| 9 | Riello PCI India Pvt Ltd | 920.73 | UPS systems solutions | |
| 10 | Uniline Energy Systems Pvt Ltd | 877.93 | 846.20 | UPS systems, inverters, servo stablisers, solar energy |
| 11 | Aplab Limited | 736.79 | 956.42 | UPS systems, solar energy systems, test and measurement instruments, power supplies, DC systems |
| 12 | Tritronics India Pvt Ltd | 543.30 | 798.30 | UPS systems, inverters, CVT, transformers, servo stablisers |
| 13 | True Power International Ltd | 383.76 | 523.20 | UPS systems, inverters, stablisers, batteries, geysers |
| 14 | upsInverter.com (UTL) | 271.73 | 152.70 | UPS systems, inverters, stablisers, batteries, |
| 15 | Epoch Electronica Ltd | 238.56 | 490.70 | UPS systems, inverters, servo stablisers |
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Rank 1 |
 Kunwer Sachdev, MD Annual Revenue (2012-13): Rs 10219.90 million Su-Kam Power Systems is among the leading power solutions providers with a growing presence across India and over 70 countries worldwide. A truly knowledge-driven company, with innovation at its heart, Su-Kam develops intelligent power backup solutions, engineered to be energy efficient and thus reduce the user’s carbon footprint. It has state-of-the-art manufacturing infrastructure equipped with automatic conveyor lines and automatic testing systems for the enhanced reliability of its products. Manufacturing facility located in: Seven in Baddi, (HP), Nepal and Gurgaon Sectors it caters to: Home, commercial and solar Contact details: Ph: +91-124-4030700, 4170500, [email protected], www.su-kam.com |
| Rank 2
Genus Power Infrastructures Ltd |
 I C Agarwal, chairman Annual Revenue (2012-13): Rs 6613.22 million Genus is a part of the Kailash Group. It has three business divisions offering highly innovative and sustainable solutions to the power sector. The metering solutions division, the power back-up systems and solar solutions division, and the engineering construction and contracts division. Genus is equipped with state-of-the-art manufacturing equipment, facilities for complete backward and forward integration from plastic parts to final products, and automated SMT lines. It follows lean assembly techniques and has a team of highly qualified and experienced engineers. Manufacturing facility located in: Jaipur Sectors it caters to: Industrial, power and commercial Contact details: Ph: +91-141-7102400/500, [email protected], www.genus.in |
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Rank 3 Microtek Internatonal Pvt Ltd |
 N K Aggarwal, MD Annual Revenue (2012-13): Rs 5438.24 million The company claims to have a revenue of Rs 14,560 million in FY 2012-13 Microtek is a leading power products manufacturers. It has been able to harness the latest technologies. It has state-of-the-art automatic manufacturing plants equipped with hi-tech machines. It has a very strong national network, with 305 service points, 50 service centres, and more than 12,000 dedicated and committed distributors and dealers across the country. Manufacturing facility located in: Eight facilities, in Parwanoo and Baddi Sectors it caters to: Home, commercial and solar Contact details: Ph: 011-4273377, www.microtekdirect.com |
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Rank 4 Delta Power Solutions India Pvt Ltd |
 Suhas Joshi, director Annual Revenue (2012-13): Rs 2828.39 million Delta Power is a 100 per cent subsidiary of Delta Electronics (Thailand) PLC, a group company of the Delta Group. With over eight regional offices, Delta has a strong presence across India with more than 100 channel partners. The company has been awarded ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:1999 certifications by Underwriters’ Laboratories, USA.Manufacturing facility located in: Two in Rudrapur and Gurgaon, and two R&D centres in Bengaluru and Gurgaon Sectors it caters to: Industrial, home, commercial and solar Contact details: Ph: 0124-4874900, [email protected], www.deltaelectronicsindia.com |
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Rank 5 Amara Raja Electronics Ltd |
 Jayadev Galla, MD Annual Revenue (2012-13): Rs 2440.64 million Amara Raja Electronics Ltd (AREL) is a part of the Amara Raja Group. AREL is a technologically progressive company with its business focus in consumer power solutions, consumer durables and electronics manufacturing services (EMS). It has a 20,000 sq m manufacturing facility. It offers consumer power solutions under the brand name ‘Tribal’. Manufacturing facility located at: Chittoor Sectors it caters to: Industrial, power and commercial Contact details: Ph: +91-44-28213270/42910700, www.amararajaelectronics.com |
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Rank 6 Hitachi Hi-Rel Power Electronics Pvt Ltd |
 Piyush Shah, MD Annual Revenue (2012-13): Rs 2254.02 million Hitachi Hi-Rel Power Electronics enjoys a significant market share in the industrial UPS business. With its pan-India presence, it continues to focus on the power electronics business to support the process control and power quality needs of its industrial customers. It has a dedicated R&D team that constantly strives for excellence. Manufacturing facility located in: Sanand and Gandhinagar Sectors it caters to: Industrial and commercial Contact details: Ph: 079-49002300, [email protected], www.hitachi-hirel.com |
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Rank 7 V-Guard Industries Ltd |
 Kochouseph Chittilappilly, chairman Annual Revenue (2012-13): Rs 2210 million Started with a small manufacturing unit for voltage stablisers, the company soon extended its range of products to include UPS systems, batteries, electric water heaters, solar water heaters, domestic pumps, etc. It has its R&D labs in Cochin and Coimbatore to explore and reinvent existing products and designs. V-Guard today has a strength of more than 1850 employees, over 250 distributors and service centres and more than 10,000 retailers. Manufacturing facility located in: Cochin Sectors it caters to: Industrial, commercial and household Contact details: Ph: +91-484 3005000, [email protected], www.vguard.in |
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Rank 8 Consul Consolidated P Ltd |
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Sriram Ramakrishnan, MD Annual Revenue (2012-13): Rs 1052.17 million Consul has three decades of experience in developing customised power solutions to meet the specific requirements of various industrial and commercial applications. It is an ISO 9000 and 14001 certified company. It has established a competitive network of six primary regional offices and 30 branch offices in different parts of the country. Consul has also acquired Pune based Megatech Power Equipments Pvt Ltd. Manufacturing facility located in: Chennai and Pune Sectors it caters to: Industrial, home and commercial Contact details: Ph: +91-44-30004100/4110/4120, [email protected], [email protected], www.consulindia.com |
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Rank 9 Riello PCI India Pvt Ltd |
 Surinder Mehta, chairman Annual Revenue (2012-13): Rs 920.73 million PCI’s power conditioning division has been engaged in the business of high performance static UPS systems ranging from 800 VA to 6400 KVA. PCI has a tie-up with Riello of Italy. Reillo-PCI joint venture for UPS systems focuses on achieving the highest possible operating efficiencies, but also focuses on research and development efforts and on other aspects that impact the environment. Apart from UPS systems, the company is into PCB assembly and testing, power conditioning systems, optical inspection and measurement systems, etc. Manufacturing facility located in: Manesar Contact details: Ph: + 91-124-4111999 (30 lines), [email protected], [email protected], www.primegroupindia.com |
| Rank 10
Uniline Energy Systems Pvt Ltd |
 RK Bansal, MD Annual Revenue (2012-13): Rs 877.93 million Uniline has continuously evolved as one of the key players in the power conditioning industry. It has more than 20 branch offices and 250 channel partners all over India, apart from state-of-the-art factories. With certifications like ISO 9001 and ISO 14001, and awards like National Quality Gold Star Award, the Udyog Patra Award, the Laghu Udyog Bharti Excellence Award and the Udyog Pragati Award, Uniline has established itself as a benchmark in power continuity. Manufacturing facility located in: Delhi and Parwanoo Sectors it caters to: Home, commercial and solar Contact details: Ph: +91-11-4666-1111, 26469108, [email protected], www.unilineindia.com |
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Rank 11 Aplab Limited |
 Nishith Deodhar, MD Annual Revenue (2012-13): Rs 736.79 million Aplab is a company that has multiple product divisions, namely, T&M instruments, power conversion and controls, UPS systems, solar power products, banking and retail automation, and fault-locating instruments. Aplab enjoys worldwide recognition for the quality of its products, its business integrity and innovative engineering skills. Manufacturing facilities located in: Thane, Navi Mumbai and Pune Sectors it caters to: Education, defence, avionics and space research, telecom and broadcasting services, retail,etc. Contact details: Ph: +91-22-67395555, 25821861, [email protected], www.aplab.com |
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Rank 12 Tritronics India Pvt Ltd |
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Rajiv Chatrath, director, operations Annual Revenue (2012-13): Rs 543.30 million Tritronics is a professionally managed ISO-9001: 2000 certified manufacturer of UPS systems. Its manufacturing facility is equipped with modern production and test equipment with computerised inventory, production, purchase, finance and logistics management systems. It has an installed base of more than 50,000 UPS systems across the country, supported by over 65 service support centres. Manufacturing facility located in: Parwanoo Sectors it caters to: Home and commercial Contact details: Ph: 011-4216100, +91-9789086628 |
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Rank 13 True Power International Ltd |
 Ravi Mundra, MD Annual Revenue (2012-13): Rs 383.76 million True Power is a key player in the manufacture of power products, particularly in the field of power electronics (inverters and UPS systems). The company has always worked towards technology advancement through innovative ideas and a wide product range and has, thereby, established new benchmarks within the industry. The company’s extensive use of R&D, innovation and sophisticated technology is what helps it in delivering the best. Manufacturing facility located in: Parwanoo Sectors it caters to: Home and commercial Contact details: Ph: +91-11-2783-3603, 2783-3604, Toll free: 1800-112020, [email protected], www.truepower.in |
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Rank 14 upsINVERTER.com |
 Annual Revenue (2012-13): Rs 271.73 million Yogesh Dua, partner Established in 1966, upsINVERTER.com (UTL) has one of the largest dealer networks in India—over 2000 dealers across the country. Currently, UTL is present in many Asian countries such as Sri Lanka, Nepal and Bangladesh, as well as in African countries. The company manufactured the first Indian SMT inverter, which proved that SMD technology was no longer just a dream in power electronics. UTL’s inverters came up with another first with its 4-stage charging technology, that later became a trend. Manufacturing facility in: Parwanoo Sectors it caters to: Home and commercial Contact details: Ph: 91-11-651168534, 9968309514, [email protected], www.upsinverter.com |
| Rank 15
Epoch Electronica Ltd |
 Champak Kundu, MD Annual Revenue (2012-13): Rs 238.56 million Epoch is a leading UPS manufacturer in India, with a well equipped modern plant with design and development facilities. It is ISO 9001-2000 certified by DNV Netherlands. The company has its own computer aided design facility. Its manufacturing takes place in an environmentally controlled 697 sq m (7500 sq ft) workshop. The company’s online UPS systems cover a wide range from 500 VA to 45 kVA in single and three phase. Manufacturing facility located in: Howrah Sectors it caters to: Industrial, home and commercial Contact details: Ph: 91-33-2665-1551/9193, [email protected], www.epochelectronica.com |
Other leading ups system/inverter manufacturers
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Elent Electronics Pvt Ltd |
 Ramotar Singh, director Elent Electronics manufactures a wide range of power conditioning products. It has a customer-centric approach and delivers the best quality products. It has a reputed R&D department, which has paved the way for its success, enabling it to deliver as per customers’ specific requirements, and increased its efficiency by creating a strong platform for customer support. Manufactures: Voltage transformers, offline and online UPS systems, automatic voltage stabilisers, solar hybrid power systems, digital inverters, battery chargers, etc. Sectors it caters to: Industrial and commercial Contact details: Ph: 011-40704402, 40704444, [email protected], [email protected], www.elent.in |
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Samtek Electronics |
 Samant Choudhary, director Samtek Electronics manufactures power conditioning equipment. It is an ISO:9001-2000 accredited company that provides total solutions to power problems. The core competence of Samtek is its technological prowess in the area of power conditioning. Samtek is also registered with DGS&D, and SSI for online and offline UPS systems and solar streetlights. Manufacturing facility located in: Noida Manufactures: Online UPS systems, line interactive UPS systems, sine-wave inverters and solar lighting products Sectors it caters to: Railways, defence, industries, etc. Contact details: +91-11-22758219, 22794051, [email protected], [email protected], www.samtek.in |
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