Top 15 Companies in India by Net Profit from Electric Equipment Sector (Feb 2024 update)

India’s electrical equipment market is expected to grow at a compound annual growth rate (CAGR) of 11.68% from 2022 to 2027. It is anticipated that this growth will result in a significant rise in market size of USD 52.97 billion.

At a compound annual growth rate (CAGR) of 11.68%, the electrical equipment market in India is expected to reach a valuation of USD 52.98 billion by 2027. The rapid development of infrastructure and urbanization in India is driving a significant growth in the market for electrical equipment. The market is divided into a number of segments, including generation, transmission, and power distribution equipment. The Indian government’s Make in India program has stimulated local manufacturing and grown the market for electrical equipment.

List of Top 15 Electric Equipment in India (BSE) based on Net Profit.

Company Name Net Profit (Rs. cr)
Suzlon Energy 2,162.76
Siemens 1,911.30
Havells India 1,074.95
ABB India 1,025.61
CG Power 785.36
Apar Ind 602.66
Voltamp Trans 199.94
V-Guard Ind 179.32
Schneider Infra 123.62
Hitachi Energy 93.9
TD Power System 88.46
Honda India PP 85.09
Bharat Bijlee 83.22
Shivalik Bimeta 73.03
Shilchar Techno 43.12
Source: BSE, India, last updated 17 February, 2024

This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:

1. Dutta, P. N., & Dubey, S. K. (2023). Hyperlocal Future in India-Specific to Fast Moving Electrical Goods (FMEG) Industry. European Economic Letters (EEL), 13(3), 1433-1449.
2. Aayog, N. I. T. I. (2016). Make in India strategy for electronic products. Government of India, New Delhi.

Disclaimer: This news is for information and research purposes only. It is not intended for financial advice.
Declaration of competing interest: Publisher and owner of this web-portal hereby declare that there is no competing interest.

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