Top 10 Electrical Companies in India 2024
Due to the endless opportunities and quality of production, India has emerged as an important business hub in the global market. Top power companies in India with their massive scale of operations and market revenue play a major role in the development of the country. It is expected that the Indian electrical industry will grow at a rate of 2.4% per annum. Electrical firms in India have made significant gains in the last some years.
Today, we’ll look at the top electric company in India and see their market growth, we will also cover electric vehicles companies in India and electric car companies in India, Let’s start the list of top electrical companies in India in 2023 with the number first.
A short tour of Top electrical companies in India 2024
- Bharat Heavy Electricals Limited
- Siemens India Electrical Company
- ABB India Ltd
- Havells India Limited
- Crompton Greaves Limited
- Bajaj Electricals Company
- Mahindra Electric
- V-Guard Industries
- Hero Electric
- Orient Electric Ltd
List of Top Electrical Companies in India
01 Bharat Heavy Electricals Limited
- Headquarters: New Delhi
- Subsidiaries: NTPC BHEL Power Projects Private Limited, MORE
- Founded: 13 November 1964
- Founder: Government of India
- Number of employees: 32,131 (March 2021)
- Total assets: 55,701.24 crores INR (US$7.3 billion, 2021)
- Net income: 446.03 crores INR (US$59 million, 2022)
BHEL is the top electrical company in India, the Government of India owns and established BHEL, an engineering and manufacturing company headquartered in New Delhi, India.
With over 180 product offerings to satisfy the ever-growing needs of the key sectors of the economy, Company engaged in the planning, manufacturing, development, inspection, commissioning, and servicing of a wide variety of goods and services. The total sales are INR 30,368 crores, with 39,821 employees (as of 2019).
02 Siemens India Electrical Company
- Subsidiaries: Siemens Healthineers, MORE
- Headquarters: Munich, Germany
- Revenue: 8,684.9 crores EUR (2019)
- CEO: Roland Busch (3 Feb 2021–)
- Owner: Siemens family
- Founders: Werner von Siemens, Johann Georg Halske
Siemens is an electrical company in India specializing in logistics and electricity solutions, robotics and applications for manufacturing, and medical diagnostic as one of the world’s largest manufacturers of energy-efficient, resource-saving technology.
Siemens is working on the government of India’s Restructured Accelerated Power Development and Reforms Programme (R-APDRP) to build Smart Grid solutions, and the company’s overall sales increased by 21.4 percent to INR 248 crore in the third quarter of FY 2019.
03 ABB India Ltd
- Headquarters: India
- Founded: 1949
- Subsidiaries: Baldor Electric India Pvt Ltd, Metsys Engineering & Consultancy Pvt. Ltd.
- Parent organization: ABB Schweiz AG
ABB is an electric company in India. Known for various electric Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and others are the company’s divisions. Electrification Products, Robotics and Motion, Industrial Automation, and Power Grids are its four branches. ABB India Ltd has a gross income of US$27.978 billion (2019). ABB has almost 147,000 employees in over 100 countries.
04 Havells India Limited
- Subsidiaries: Crabtree India, Standard Electricals Limited, MORE
- Founder: Qimat Rai Gupta
- Revenue: 13,940 crores INR (US$1.8 billion, FY22)
- Founded: 1958
- Headquarters: Noida
- Number of employees: 5,781 (2020)
Havells is a major power distribution equipment maker and a leading Fast-Moving Electrical Goods (FMEG) company with a large global reach. Havells’ Chairman and Managing Director are Shri Anil Rai Gupta.
In the year 1984, the company began manufacturing miniature circuit breakers and distribution boards. Havells’ revenue in FY2022 is 13,940 crores INR (US$1.8 billion).
05 Crompton Greaves Limited
- Headquarters: Mumbai
- Subsidiaries: Gandhimathi Appliances Ltd, Pinnacles Lighting Project Private Limited, Nexustar Lighting Project Private Limited
- Founded: 1937
- CEO: Mathew Job (Sept 2015–)
Crompton Greaves Limited is an electric company in India that engages in the design, manufacture, and selling of power generation, transmission, and distribution devices.
The Electrical Company is an independent firm under competent management with two industry segments: lighting and electrical consumer durables, as of February 2016. Crompton Greaves Limited Revenue was up 18.21 percent to INR 931.69 crore in the second quarter of FY21.
06 Bajaj Electricals Company
- Subsidiaries: Bajel Projects Limited, Starlite Lighting Limited, MORE
- CEO: Shekhar Bajaj (1994–)
- Parent organization: Bajaj Group
- Founder: Kamalnayan Bajaj
- Founded: 14 July 1938
- Headquarters: Mumbai, Maharashtra, India
Shekhar Bajaj is the Chairman and Managing Director of Bajaj Electricals Limited, an internationally recognized and valued Indian firm.
Bajaj Electricals has 20 branch offices throughout the country, as well as a network of manufacturers, registered suppliers, retail stores, exclusive showrooms known as “Bajaj World,” and perhaps 500 customer service centers. Bajaj Electricals Company had posted a profit of INR 153.58 crore in the previous year.
07 Mahindra Electric
- CEO: Suman Mishra (14 Aug 2021–)
- Founded: 1994
- Founder: Chetan Maini
- Headquarters: Bangalore, India
- Parent organizations: Mahindra & Mahindra, Mahindra Vehicle Manufacturers Limited
Mahindra Electric Mobility Limited, formerly known as Reva Electric Car Company in India and India’s top electrical company, is a Bangalore-based Indian company that designs and manufactures compact electric cars.
Mahindra Electric has surpassed 170 million kilometers traveled on its fleet, making it the first Indian automaker who achieved this success. In the list of top electric vehicles company in India, you will find this company easily on top of the table.
08 V-Guard Industries
- Founder: KochousephChittilappilly
- Headquarters: Kochi
- Revenue: 2,566 crores INR (US$340 million, 2018–2019)
- Founded: 1977
- Subsidiaries: V-Guard Consumer Products Limited, Guts Electro-Mech Limited, Sunflame Enterprises Private Limited
- Number of employees: 2,217 (March 2019)
The V-Guard Group has been led by KochousephChittilappilly since its inception. At the age of 27, he realized his industrialist potential by borrowing INR. 100,000 from his father to start a small stabilizer manufacturing plant.
With an annual turnover of INR 23.21 billion in the financial year 2017–18, V-Guard Industries Ltd is a major electrical equipment maker in India and the largest in Kerala.
09 Hero Electric
- Parent organization: Hero Motors Company
- Founded: 19 January 1984, Dharuhera
- Subsidiaries: HMCL Netherlands B.V., MORE
- Headquarters: New Delhi
- Founder: BrijmohanLall Munjal
Hero Electric is the world’s largest two-wheeler electric vehicles company in India and owns by Naveen Munjal. Hero plans to more than triple its total annual production potential of 70,000 electric two-wheelers to about 2.5 lahks this year.
The manufacturer anticipates a 15% increase in revenue growth in the coming fiscal year as a result of this. Hero Electric closed at INR 50 crore in past years.
10 Orient Electric Ltd
- Parent organization: CK Birla Group
- Headquarters: Bhubaneswar
- CEO: Rakesh Khanna (3 Mar 2015–)
- Founded: 1954
- Founder: CK Birla
- Number of employees: 900
Orient Electric Limited, formerly known as Orient Paper Mills Limited was established in 1939 as a subsidiary of Orient Paper and Industries Limited (OPIL). Orient Paper was founded by the CK Birla Group in Brajrajnagar, Orissa, with only one paper machine.
It is India’s biggest and most exporter of fans, as well as the country’s second-largest producer of LED bulbs and the first Indian lighting brand to get a BEE star ranking for LED bulbs.
FAQ
Which are the top 10 Electrical Companies in India in 2023?
The top 10 Electrical Companies in India in 2023 are as follows: –
- Bharat Heavy Electricals Limited – top Electrical Company in India
- Siemens India Electrical Company – top Electrical Company in India
- ABB India Ltd- top Electrical Company in India
- Havells India Limited- top Electrical Company in India
- Crompton Greaves Limited- top Electrical Company in India
- Bajaj Electricals Company- top Electrical Company in India
- Mahindra Electric- top Electrical Company in India
- V-Guard Industries- top Electrical Company in India
- Hero Electric- top Electrical Company in India
- Orient Electric Ltd- top Electrical Company in India
Which are the top 10 Electrical Companies in the world in 2024?
The top 10 Electrical Companies in the world are as follows: –
- Schneider Electric – top Electrical Company
- Siemens – top Electrical Company
- Lockheed Martin Corporation- top Electrical Company
- General Electric- top Electrical Company
- Emerson- top Electrical Company
- Legrand- top Electrical Company
- Prysmian- top Electrical Company
- The Boeing Company- top Electrical Company
- Shell Oil Company- top Electrical Company
- BMW Group- top Electrical Company
Which is the number 1 Electrical company in India?
Bharat Heavy Electricals Limited(BHEL) is the top electrical company in India, the Government of India owns and established BHEL, an engineering and manufacturing company headquartered in New Delhi, India.
Which company is best for electric vehicles in India?
The Top 10 Electric Vehicles Manufacturers in India are as follows: –
- Tata Electric
- Mahindra Electric
- Ashok Leyland Electric
- Olectra – BYD Green E-Bus
- Ola Electric
- KONA Electric
- Hero Electric
- Okinawa Electric
- Menza Motors
- Lohia Auto
Which company is best for electric vehicles in the world?
The Top 10 Electric Vehicles Manufacturers in the world are as follows: –
- Tesla
- Renault–Nissan–Mitsubishi Alliance
- Volkswagen
- BYD
- Kia
- BMW
- General Motors Corporation
- Ford
- Toyota
- Mercedes-Benz AG
