Company lists
The Maharashtra edition · 2026

Electricity Transmission & Distribution Equipmentcompanies in Maharashtra

Switchgear, transformers, solar & storage, generators, contractors and more: the companies building electricity transmission & distribution equipment in Maharashtra, with their founders, funding, team size and business models.

194 company profiles68 with reported revenue2 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent electricity transmission & distribution equipment business events in India

Funding, M&A, contract wins and launches involving 813 electricity transmission & distribution equipment companies in India, last 24 months: 155 Contracts · 23 M&A deals · 4 funding rounds · 3 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractInfrastructure

Bharat heavy electricals · client: Meja Urja Nigam

Shares of state-owned Bharat Heavy Electricals Limited went up by over 2 per cent on Friday after the engineering major secured an order worth over Rs 21,000 crore from Meja Urja Nigam…

Power
ContractSupply

Bharat heavy electricals · client: Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise

Bharat Heavy Electricals Limited (BHEL) signed a contract on 2 June 2026 with Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise in Nigeria for a refinery and petrochemical…

Energy
ContractSupply

Hpl electric & power · client: GMR Triveni Smart Meters Limited

HPL Electric & Power Limited secured work orders worth Rs. 242.24 crore from multiple infrastructure companies for the supply of smart meters, strengthening its order book and growth…

Smart metering
ContractSupply

Hpl electric & power · client: GMR Kashi Smart Meters Limited

HPL Electric & Power Limited secured work orders worth Rs. 242.24 crore from multiple infrastructure companies for the supply of smart meters, strengthening its order book and growth…

Smart metering
ContractSupply

Supreme Power Equipment · client: Na

Supreme Power Equipment Limited has secured a new order worth Rs. 28.50 crore from an EPC company based in Karnataka.

Power equipment manufacturing
ContractSupply

Supreme Power Equipment · client: Na

Supreme Power Equipment on Saturday announced securing transformer supply orders worth ₹128 crore. The company has received four orders by different entities to supply power transformers…

Power infrastructure
M&AAcquisition · Announced

Saatvik Green Energy acquires Melcon

"Our acquisition of Melcon is a strategic step towards deepening our control across the power value chain. By integrating transformer manufacturing, we are not just adding a capability…

Transformer Manufacturing
ContractSupply

MB Power Limited · client: Bharat heavy electricals

State-owned engineering firm Bharat Heavy Electricals Limited said it has withdrawn its acceptance of a letter of intent from MB Power Limited for the supply of equipment comprising…

Thermal Power
LaunchJAKSON Genset Xtra

Jakson Group

The newly launched JAKSON Genset Xtra is designed as a compact and fuel-efficient backup power solution for small commercial and residential applications, offering silent operation.

Power Generation
M&AAcquisition · Pending

Premier energies acquires Transcon Industries

The company also said it has deferred the acquisition of the balance tranche of equity shares in Transcon Industries Ltd until April 15, 2026 due to pending conditions under the amended…

M&AAcquisition · Completed

Premier energies acquires Transcon Industries

Its rival Premier Energies Ltd has gone on a similar track to acquire majority stakes in inverters maker Ksolare Energy Pvt Ltd and transformer maker Transcon Industries Ltd in recent…

Transformers
ContractSupply

Sunsure energy · client: Jakson

Sunsure Energy, India's preferred renewable energy solutions provider for leading businesses and utilities, has signed a long-term Power Purchase Agreement (PPA) with JAKSON Engineering…

Renewable Energy
ContractSupply

Bmw ventures · client: Bharat heavy electricals

BMW Ventures Limited, a leading steel distributor and manufacturer of fabricated steel products in Eastern India, has secured its largest fabricated steel products contract to date,…

Infrastructure
ContractSupply

DEE Development Engineers Ltd · client: Bharat heavy electricals

The second order, valued at Rs 26 crore, has been awarded by Bharat Heavy Electricals Ltd (BHEL), India's largest government-owned engineering and manufacturing enterprise in the power…

Power
ContractInfrastructure

Atmastco · client: Steel Authority of India Limited

Atmastco Ltd, a leading engineering and infrastructure solutions company, today announced that it has received a Letter of Intent (LOI) valued at ₹235 crore from the Steel Authority of…

Steel and heavy engineering
ContractService

Jakson · client: CMRL

CMRL has awarded a major Electrical and Mechanical contract worth Rs. 137.08 crore to Jakson Limited for Corridor 4 of Phase-2.

Railway
ContractTechnology

Viviana power tech · client: Gujarat Urja Vikas Nigam Limited

Viviana Power Tech Limited has received a new contract award from Gujarat Urja Vikas Nigam Limited (GUVNL) amounting to Rs. 208.73 crore for a BESS project in Gujarat, which is to be…

Battery Energy Storage
ContractTechnology

Atmastco · client: Welding technologies

Atmastco: Company Enters Technology Collaboration Agreement With Welding Technologies LLC A Company Registered In Russia For Establishment Special Welding Technology In India For A…

ContractInfrastructure

Salasar techno engineering · client: Uttar Pradesh Power Transmission Corporation Limited

Salasar Techno Engineering Limited, a prominent EPC company in India’s power transmission and infrastructure space, has secured a ₹232-crore turnkey transmission line project from Uttar…

Power transmission and infrastructure
M&ATakeover · Terminated

Paramount communications acquires Time Inc

Gulf & Western — which would soon be renamed Paramount Communications, and today is known as Paramount Skydance — tried to stage a hostile takeover of Time Inc. That hostile takeover…

ContractSupply

Ecoprogetti · client: Jakson

Jakson Engineers Ltd (JEL), part of the energy and infrastructure conglomerate Jakson Group, has signed a contract with European technology provider Ecoprogetti SRL to establish India’s…

Clean Energy
ContractSupply

Marsons · client: LC Infra Projects Private Limited

Marsons has announced the receipt of a significant Letter of Award/Purchase Order worth ₹9.91 crore (inclusive of GST) from LC Infra Projects Private Limited. The contract includes the…

Power infrastructure
ContractSupply

Transformers & Rectifiers (India) · client: Power grid corporation of india

Transformers & Rectifiers (India) Ltd. has taken a major step forward by winning a prestigious project from Power Grid Corporation of India. The order involves repair, erection, testing,…

Power & Energy
ContractSupply

Voltamp transformers · client: Gujarat energy transmission

Heavy electrical equipment manufacturer Voltamp Transformers Ltd on Thursday (November 27) said it has received a Letter of Intent from Gujarat Energy Transmission Corporation Ltd for a…

Energy
ContractSupply

INDO TECH TRANSFORMERS · client: Ntpc

Indo Tech Transformers: Company bags order worth ₹91.26 cr for supply of 11 transformers for various NTPC projects.

ContractService

Salasar techno engineering · client: Rail vikas nigam

Salasar Techno Engineering has secured contracts worth a combined ₹695.18 crore from Rail Vikas Nigam Ltd.The scope includes service support and procurement management for electrical and…

Distribution sector scheme
ContractSupply

INDO TECH TRANSFORMERS · client: Four EF Constructions

Indo Tech Transformers Limited has added a major win to its order book, confirming that the company has received a fresh purchase order worth ₹91.26 crore, excluding taxes. The order,…

Power
ContractSupply

Laser Power & Infra · client: JDVVNL

JDVVNL, Rajasthan – ₹202.13 crore for feeder segregation and infrastructure development, anchored around Company’s in-house manufactured distribution conductors and cabling systems.

Power Transmission and Distribution
ContractSupply

Danish Power · client: leading renewable energy EPC company

Danish Power Limited (DPL) has received a domestic order from a leading renewable energy EPC company for the supply of inverter duty transformers. The order involves design,…

Renewable Energy

Electricity Transmission & Distribution Equipment companies in Maharashtra, by revenue

Browse electricity transmission & distribution equipment companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 68 electricity transmission & distribution equipment companies in Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturers of high power electric cables

Electricity transmission & distribution equipment
₹5,068.04 crFY 2024-25
+1%2024–2025
1,909LinkedIn · Jul 2026
11 yr2015
2postings · last posted Sep 2026

Manufacturer of multiple electrical equipment

Electricity transmission & distribution equipment
₹3,704.51 crFY 2021-22
Not reported
—Not available
—
—No postings tracked

Integrated manufacturer of products for renewable energy and transmission lines sectors

Electricity transmission & distribution equipment
₹3,165.36 crFY 2024-25
+30%2024–2025
1,107LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Manufacturer of switches, home automation systems, lighting, and electrical products

Energy efficiency
₹1,931.38 crFY 2024-25
-7%2024–2025
1,205LinkedIn · Jul 2026
26 yr2000
0none in 3 months · last posted Jul 2026

Manufacturer of electricity transmission and distribution equipments

Electricity transmission & distribution equipment
₹714.58 crFY 2024-25
+71%2024–2025
866+76% 12 mo to Sep 2024LinkedIn · Jul 2026
40 yr1986
0none in 3 months · last posted Apr 2026

Manufacturers of Low, Medium Voltage Switchgear and other value added power product

Electricity transmission & distribution equipment
₹664.77 crFY 2022-23
Not reported
782-37% 12 mo to Mar 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Manufacturer of transmission line, microwave and wind mill towers

Electricity transmission & distribution equipment
₹463.02 crFY 2023-24
Not reported
1,241+13% 12 mo to Jun 2024LinkedIn · Oct 2026
52 yr1974
—No postings tracked

Manufacturer of power transmission line towers and substation structures

Electricity transmission & distribution equipment
₹427.18 crFY 2024-25
+26%2024–2025
52LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Manufacturer of transformers, capacitors, and other products

Electricity transmission & distribution equipment
₹392.35 crFY 2024-25
+18%2024–2025
168LinkedIn · Oct 2026
22 yr2004
0none in 3 months

Manufacturer that produces low-ash metallurgical coke for various industrial applications

Electricity transmission & distribution equipment
₹353.12 crFY 2024-25
+83%2024–2025
29LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Manufacturer of multiple electrical equipment

Industrial automation equipment
₹320.19 crFY 2024-25
+12%2024–2025
680-3% 12 mo to Mar 2024recorded Mar 2024
26 yr2000
0none in 3 months

Manufacturer of transformer, voltage electricals, and other products

Electricity transmission & distribution equipment
₹283.34 crFY 2022-23
Not reported
67+2% 12 mo to Sep 2024recorded Sep 2024
47 yr1979
—No postings tracked

Manufacturer of steel wire products

Electricity transmission & distribution equipment
₹234.08 crFY 2021-22
Not reported
169-53% vs previous recordLinkedIn · Jul 2026
26 yr2000
0none in 3 months · last posted Jun 2026

Provider of high-voltage electrical equipment and power solutions for the energy transition and grid infrastructure sectors

Electricity transmission & distribution equipment
₹230.22 crFY 2024-25
+7%2024–2025
—Not available
23 yr2003
0none in 3 months

Provider of microgrid solutions for sustainable energy and resiliency

Electricity transmission & distribution equipment
₹198.49 crFY 2024-25
-12%2024–2025
89LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Manufacturer of electromechanical and electronic components. This entity produces a diverse portfolio of products, including switches, power supplies, connectors, and wiring harnesses. These components serve various sectors, such as industrial automation, renewable energy, and consumer electronics. The company's manufacturing processes adhere to stringent quality and safety standards, supported by accredited testing facilities. Its product offerings are designed for reliability and integration into diverse applications.

Electricity transmission & distribution equipment
₹195.00 crFY 2024-25
+36%2024–2025
349LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Provider of transmission line equipment and fabrication materials

Electricity transmission & distribution equipment
₹186.43 crFY 2024-25
+129%2024–2025
50LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Manufacturer of power and electrical solutions for both public and private sectors

Electricity transmission & distribution equipment
₹168.74 crFY 2024-25
+20%2024–2025
—Not available
25 yr2001
0none in 3 months

Manufacturer of switchgears and machined components

Electricity transmission & distribution equipment
₹137.33 crFY 2021-22
Not reported
—Not available
52 yr1974
—No postings tracked

Manufacturer of power and distribution transformers

Electricity transmission & distribution equipment
₹140.54 crFY 2022-23
Not reported
294+124% 12 mo to Sep 2024LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Manufacturer of steel structures for power transmission, solar, and telecom industries

Electricity transmission & distribution equipment
₹120.08 crFY 2021-22
Not reported
178-2% 12 mo to Sep 2024recorded Sep 2024
33 yr1993
—No postings tracked

Company specializing in the production of electrical equipment, including LT panels, distribution boards, and cable trays

Electricity transmission & distribution equipment
₹119.47 crFY 2024-25
+77%2024–2025
10+4% 12 mo to Feb 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Provider of diesel generator rental services and power solutions for various industries

Non- renewable power generation
₹118.79 crFY 2024-25
+75%2024–2025
223LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Provides power conditioning equipment solutions

Electricity transmission & distribution equipment
₹82.17 crFY 2021-22
Not reported
95+51% 12 mo to Sep 2024recorded Sep 2024
43 yr1983
—No postings tracked

Provider of cables and wires, base metals, and electrical accessories

Electricity transmission & distribution equipment
₹78.57 crFY 2021-22
Not reported
55recorded Feb 2018
46 yr1980
—No postings tracked
50 of 194 companies shown here · the full list is on Radar
Fliar Radar

Explore all 194 electricity transmission & distribution equipment companies in Maharashtra on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open electricity transmission & distribution equipment in Maharashtra on Radar
  • Every company, not just 50All 194 electricity transmission & distribution equipment companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore electricity transmission & distribution equipment companies in Maharashtra by what you are looking for

Browse electricity transmission and distribution equipment companies in Maharashtra, from switchgear and transformer makers to solar and power backup suppliers. Compare electricity transmission and distribution companies in India that are based in Maharashtra, including startups and firms that are hiring.

9 ways to explore electricity transmission & distribution equipment in Maharashtra

Switchgear, panels & control gear manufacturersTransformer manufacturers & suppliersSolar, battery & renewable power equipment companiesLoad banks, generators & power backup providersElectrical project developers & contractorsElectrical contract manufacturers & component makers

Switchgear, panels & control gear manufacturers

Makers of low and medium voltage switchgear, control panels and electrical cabinets.

  1. Bliss Electricals

    Provider of automatic transfer switches and close transition transfer switches

    Electricity transmission & distribution equipment
    Website
  2. Selec

    Manufacturer of multiple electrical equipment

    Industrial automation equipment
    See in list
  3. Elcom-In

    Manufacturer of electromechanical and electronic components. This entity produces a diverse portfolio of products, including switches, power supplies, connectors, and wiring harnesses. These components serve various sectors, such as industrial automation, renewable energy, and consumer electronics. The company's manufacturing processes adhere to stringent quality and safety standards, supported by accredited testing facilities. Its product offerings are designed for reliability and integration into diverse applications.

    Electricity transmission & distribution equipment
    See in list
  4. Perennial Technologies

    Provider of diesel generator rental services and power solutions for various industries

    Non- renewable power generation
    See in list
  5. Gurudatta Industries

    Manufacturer of wire wound and dynamic braking resistors. They produce silicon coated resistors as well. Products are designed using advanced manufacturing techniques and high-quality raw materials, adhering to international quality standards. The resistors are known for durability, dimensional accuracy, low maintenance, and ease of installation. The company utilizes a state-of-the-art infrastructure divided into manufacturing, quality control, and sales & marketing departments.

    Electricity transmission & distribution equipment
    Website

Transformer manufacturers & suppliers

Companies that build high voltage and distribution transformers and related equipment.

  1. Selec

    Manufacturer of multiple electrical equipment

    Industrial automation equipment
    See in list
  2. TELAWNE CROMPTEK

    Manufacturer of power and distribution transformers

    Electricity transmission & distribution equipment
    See in list
  3. Perennial Technologies

    Provider of diesel generator rental services and power solutions for various industries

    Non- renewable power generation
    See in list
  4. Formertron

    Manufacturer of equipment for the high voltage transformer

    Electricity transmission & distribution equipment
    See in list
  5. Bliss Electricals

    Provider of automatic transfer switches and close transition transfer switches

    Electricity transmission & distribution equipment
    Website
6 companies in Maharashtra

Solar, battery & renewable power equipment companies

Manufacturers of solar systems, battery components and equipment for renewable energy.

  1. Karamtara

    Integrated manufacturer of products for renewable energy and transmission lines sectors

    Electricity transmission & distribution equipment
    See in list
  2. Mass-Tech

    Manufacturer of DC systems, LV switchgear, control panels, and power solutions

    Electricity transmission & distribution equipment
    See in list
  3. Gadhia Solar Energy Systems

    Manufacturer of solar thermal energy systems

    Electricity transmission & distribution equipment
    Website
  4. Pinnacle Techno Solutions

    Provider of UPS system power supply and battery services

    Energy storage
    Website

Load banks, generators & power backup providers

Suppliers of load banks, generator rental and backup power solutions.

  1. Perennial Technologies

    Provider of diesel generator rental services and power solutions for various industries

    Non- renewable power generation
    See in list
  2. Mass-Tech

    Manufacturer of DC systems, LV switchgear, control panels, and power solutions

    Electricity transmission & distribution equipment
    See in list
  3. Load Bank Resistors

    Manufacturer of load bank resistors

    Electricity transmission & distribution equipment
    Website
  4. Karamtara

    Integrated manufacturer of products for renewable energy and transmission lines sectors

    Electricity transmission & distribution equipment
    See in list
  5. Ampcontrol Equipments

    Provider of power resistors, neutral grounding resistors, lavt panels, load banks, and starting resistors

    Electricity transmission & distribution equipment
    Website
8 companies in Maharashtra

Electrical project developers & contractors

Firms that design, supply and install electrical networks and microgrids as projects.

  1. GVL Electro

    Company offers electrical project contracting services and manufactures control panels

    Electricity transmission & distribution project developer
    Website
  2. ListenLights

    Manufacturer of electricity transmission and distribution equipments

    Electricity transmission & distribution equipment
    See in list
  3. Encorp Powertrans

    Provider of microgrid solutions for sustainable energy and resiliency

    Electricity transmission & distribution equipment
    See in list
  4. Akanksha Power and Infrastructure

    Company specializing in the design, manufacturing, and supply of electrical products

    Electricity transmission & distribution project developer
    Website
  5. ARK Automation

    Provider of industrial automation solutions

    Electricity transmission & distribution project developer
    Website

Electrical contract manufacturers & component makers

Contract manufacturers of inverters, resistors, capacitors and other electronic components.

  1. Karamtara

    Integrated manufacturer of products for renewable energy and transmission lines sectors

    Electricity transmission & distribution equipment
    See in list
  2. Powertronics

    Contract manufacturer of electrical inverter and battery backups

    Electricity transmission & distribution equipment
    Website
  3. Hind Plant & Machinery

    Provider of equipments & raw materials for manufacturing of capacitors, transformers, and other products

    Manufacturing services
    Website
  4. RR Transformers & Equipments

    Manufacturers & exporters of high voltage transformers and dielectric diagnostic products

    Manufacturing services
    Website
  5. Selec

    Manufacturer of multiple electrical equipment

    Industrial automation equipment
    See in list

Electricity transmission & distribution equipment startups in Maharashtra

Newer companies founded in recent years in this space.

  1. Naresh Electrical

    Manufacturer of wires and cables

    Electricity transmission & distribution equipment
    See in list
  2. Dewon Electric

    Company that manufactures and supplies electrical products

    Electricity transmission & distribution equipment
    See in list
  3. Wavetechs

    Manufacturer of electrical control panels and automation solutions

    Electricity transmission & distribution equipment
    Website
  4. Shree Balaji Tech

    Manufacturer of load bank & wire wound resistors

    Electricity transmission & distribution equipment
    Website
  5. SPL Power

    Manufacturer of power and distribution transformers

    Electricity transmission & distribution equipment
    Website
5 companies in Maharashtra

Electricity transmission & distribution equipment companies hiring in Maharashtra

Companies currently hiring.

  1. Sterlite Electric

    Manufacturers of high power electric cables

    Electricity transmission & distribution equipment
    See in list
  2. GM Modular

    Manufacturer of switches, home automation systems, lighting, and electrical products

    Energy efficiency
    See in list
  3. ListenLights

    Manufacturer of electricity transmission and distribution equipments

    Electricity transmission & distribution equipment
    See in list
  4. Systematic

    Manufacturer of steel wire products

    Electricity transmission & distribution equipment
    See in list
  5. AE

    Manufacturer of electrical measuring instruments, and power systems equipment

    Electricity transmission & distribution equipment
    See in list
8 companies in Maharashtra

Listed electricity transmission & distribution equipment companies in Maharashtra

Publicly listed companies in this space.

  1. Quality Power

    Manufacturer of transformers, capacitors, and other products

    Electricity transmission & distribution equipment
    See in list
  2. Cospower

    Manufacturer of multiple electrical equipment

    Electricity transmission & distribution equipment
    See in list
  3. Tarapur Transformers

    Manufacturer of power & distribution transformers

    Electricity transmission & distribution equipment
    Website
  4. IMP POWERS

    Imp Powers is a flagship company that specializes in manufactures and commercializes furnace,thyristor duty transformers and reactors.

    Electricity transmission & distribution equipment
    Website
  5. Kulkarni Power Tools

    KPT Industries is a distributor of electric power tools, spare parts, and many other engineering products.

    Electricity transmission & distribution equipment
    Website
9 companies in Maharashtra
Mobile reach

Top 5 electricity transmission & distribution equipment apps from Maharashtra

The most-installed Android apps published by electricity transmission & distribution equipment companies headquartered in Maharashtra — 712K installs between them. 5 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 5
4

ECE Ecosystem

by ECE

Installs782
Rating—
Last updatedOct 2025
View on Google Play ↗
ECE Ecosystem screenshot 1ECE Ecosystem screenshot 2ECE Ecosystem screenshot 3ECE Ecosystem screenshot 4ECE Ecosystem screenshot 5ECE Ecosystem screenshot 6
The business behind the activity

Electricity Transmission & Distribution Equipment financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 70 electricity transmission & distribution equipment companies in Maharashtra for FY24-25 — 76 of the 194 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 68% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹17,091.04 cr

70 companies filing accounts

combined net profit₹885.36 cr

5.2% aggregate margin

are profitable89%

62 of 70 companies

median revenue~₹21.2 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five68%

revenue concentration

Six-year view

Combined revenue of filing companies

₹10,593.52 crFY19-2066 filers
₹10,519.59 crFY20-2167 filers
₹12,859.13 crFY21-2265 filers
₹9,673.22 crFY22-2371 filers
₹15,034.78 crFY23-2472 filers
₹17,091.04 crFY24-2570 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 68 companies over three years

+60%
FY22-23₹9,625.99 cr₹500.72 cr net
FY23-24₹13,159.23 cr₹647.10 cr net
FY24-25₹15,381.27 cr₹824.85 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr425% profitable
₹1–10 cr1984% profitable
₹10–100 cr2291% profitable
₹100–1,000 cr21100% profitable
Over ₹1,000 cr4100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking23
0–20%21
20–50%13
50–100%10
Doubled+3

70 companies with accounts for both years; median growth +10%.

Profitability

Profit is concentrated at the top

62profitable
8loss-making
5.2%aggregate margin
3.1%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Dewon ElectricDEWON ELECTRIC PRIVATE LIMITED
Bharat ElectricalBHARAT ELECTRICAL CONTRACTORS AND MANUFACTURERS PRIVATE LIMITED+129%₹186.43 cr
BLA CokeBLA COKE PRIVATE LIMITED+83%₹353.12 cr
Ovi EngineersOVI ENGINEERS PRIVATE LIMITED+77%₹119.47 cr
Perennial TechnologiesPerennial Technologies Private Limited+75%₹118.79 cr
ListenLightsLISTENLIGHTS PRIVATE LIMITED+71%₹714.58 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Manas MicrosystemsMANAS MICROSYSTEMS PRIVATE LIMITED
Quality PowerQuality Power Electrical Equipments Limited19.5%₹155.73 cr
QPEELQUALITY POWER ENGINEERING PROJECTS PRIVATE LIMITED14.8%₹14.35 cr
Technovision EnergyTECHNOVISION ENERGY PRIVATE LIMITED
HVEPLHIGH VOLT ELECTRICALS PRIVATE LIMITED12.0%₹252.31 cr
URJA TechniquesURJA TECHNIQUES (INDIA) PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electricity transmission & distribution equipment66₹14,933.29 cr~₹19.7 cr88%5.4%
Leaders

Largest electricity transmission & distribution equipment companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Sterlite ElectricSTERLITE ELECTRIC LIMITED₹5,047.24 cr₹315.55 cr6.3%+1%
KaramtaraKARAMTARA ENGINEERING LIMITED₹3,115.90 cr₹134.92 cr4.3%+30%
GM ModularGM MODULAR PRIVATE LIMITED₹1,706.89 cr₹60.31 cr3.5%-9%
StelmecSTELMEC LIMITED₹1,047.30 cr₹68.42 cr6.5%+38%
ListenLightsLISTENLIGHTS PRIVATE LIMITED₹714.58 cr₹44.66 cr6.3%+71%
Jyoti StructuresJYOTI STRUCTURES LIMITED₹504.50 cr₹35.81 cr7.1%+9%
SystematicSYSTEMATIC INDUSTRIES LIMITED₹449.21 cr₹18.06 cr4.0%+21%
VijaytransmissionVIJAY TRANSMISSION PRIVATE LIMITED₹427.18 cr₹9.88 cr2.3%+26%
BLA CokeBLA COKE PRIVATE LIMITED₹353.12 cr₹4.42 cr1.3%+83%
SelecSELEC CONTROLS PRIVATE LIMITED₹314.20 cr₹8.66 cr2.8%+11%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Electricity Transmission & Distribution Equipment funding and M&A across India

10 recorded equity rounds have gone to 813 electricity transmission & distribution equipment companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months2

US$37.90m

equity rounds, last 24 months3

US$123.34m

raised over five yearsUS$125.84m

4 rounds in India

M&A deals, India23

last 24 months

Capital by year

Equity funding into electricity transmission & distribution equipment in India

amount rounds
$86k20181
$88m20242
$28m20251
$10m20261

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$87.94m across 2 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

SeedUS$2.50m1 rounds · median US$2.50m
Series AUS$10.00m1 rounds · median US$10.00m
Series BUS$27.90m1 rounds · median US$27.90m
Private equityUS$85.44m1 rounds · median US$85.44m
Where the money went · five years

Most-funded sub-sectors

Electricity transmission & distribution equipmentUS$125.84m4 rounds · 4 companies
Corporate activity · last 24 months

M&A in India

15Acquisition
7Merger
1Takeover

Most active acquirers

  1. Adani new industries5
  2. Salasar techno engineering4
  3. Premier energies3
  4. Saatvik Green Energy1
  5. Paramount communications1

Most acquired or merged

  1. Transcon Industries3
  2. Melcon1
  3. Time Inc1
  4. Paramount communications1
  5. C&s electric1

Each deal appears in the events strip at the top of the page.

Founders and momentum in Maharashtra

Meet the people behind electricity transmission & distribution equipment companies in Maharashtra. 35 of 194 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring electricity transmission & distribution equipment in India and nearby markets.

Coming soon