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Top 10 Electrical Companies in India

Here You can see the List of Top 10 Electrical Companies in India. Now take a short look about Electrical Consumer Durables Industry in India. The Electrical Consumer Durables (ECD) segment in India is poised for growth owing to rising income levels, increasing urbanisation and improved reach.

Rural electrification programmes of Government will drive growth in rural sector. Demand for improved aesthetics and superior technology are driving growth in the premium segment of the industry.

List of Top Electrical Companies in India

Here is the List of Top Electrical Companies in India. The list was arranged in Order based on the Revenue [Total Sales].

1. BHEL [Bharat Heavy Electricals Limited]

Bharat Heavy Electricals Limited was Established in 1964. The company is owned by Government of India. It is one of the leading Power Equipment Manufacturers Globally. BHEL is the largest in the List of Top Electrical Companies in India.

The Company has a widespread Network of 16 Manufacturing Plants, 2 Repair Units, 4 Reginal Office, 8 Service center, and 15 Reginal Marketing centers. BHEL has a Footprints in 83 Countries in all the six inhabited Continents. BHEL is the Largest Electrical Company in India.

  • Total Sales: Rs 30,368 Cr
  • Market Cap:  14,503 Cr.
  • Dividend Yield: 4.80 %
  • ROE: -4.93 %
  • Sales Growth (3Yrs): -8.94 %
  • Promoter holding63.17 %
  • Debt to equity: 0.18
  • Price to book value: 0.47

BHEL is one of the largest engineering and manufacturing companies of its kind in India engaged in design, engineering, construction, testing, commissioning and servicing of a wide range of products and services with over 180 product offerings to meet the ever-growing needs of the core sectors of economy.

2. Havells India Ltd

Havells India Limited is a Fast Moving Electrical Goods (FMEG) Company with an extremely strong global presence, extensive distribution network and world class quality. The company pioneered the concept of exclusive brand showroom in the electrical industry with ‘Havells Galaxy’

Havells Electrical Company enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, Luminaires for Domestic, Commercial and Industrial Applications. 

  • Total Sales: Rs 10,073 Cr
  • Market Cap:  38,544 Cr.
  • Dividend Yield: 0.65 %
  • ROCE: 21.45 %
  • ROE: 17.41 %
  • Sales Growth (3Yrs): 15.48 %
  • Promoter holding: 59.50 %
  • Debt to equity: 0.02
  • Price to book value: 8.94

Today, Havells owns some of the most prestigious brands like Havells, Lloyd, Crabtree and Standard. Its network constitutes of 4000 professionals, over 7900 plus dealers and 40 branches in the country. Havells is one the Best Electrical Brands.

The Company products are available in 40 countries. The company has 12 state-of-the-art manufacturing plants in India located at Haridwar, Baddi, Sahibabad, Faridabad, Alwar, Neemrana, Guwahati and Ghiloth

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3. Siemens Ltd

Siemens India Electrical Company 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.

  • Total Sales: Rs 13,767 Cr
  • Market Cap:  43,488 Cr.
  • Dividend Yield: 0.57 %
  • ROCE: 18.68 %
  • ROE: 12.29 %
  • Sales Growth (3Yrs): 8.31 %
  • Promoter holding: 75.00 %
  • Debt to equity: 0.03
  • Price to book value: 4.52

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 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.

  • Total Sales: Rs 7,315 Cr
  • Market Cap:  20,886 Cr.
  • Dividend Yield: 0.49 %
  • ROCE: 14.19 %
  • ROE: 9.19 %
  • Sales Growth (3Yrs): -5.41 %
  • Promoter holding: 75.00 %
  • Debt to equity: 0.02
  • Price to book value: 5.62

ABB’s Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees. The company is 4th is the list of Top Electrical Companies in India.

5. Crompton Greaves Consumer Electrical Ltd

Crompton Greaves Consumer Electricals Limited Electrical Company is one of the leading consumer companies in India with a 75+ years old brand legacy.

The Company launched some breakthrough products like India’s first anti-dust fan and anti-bacterial LED bulb. Crompton is the Best Electrical Brands. The company is 5th in the list of Top Electrical Companies in India.

  • 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
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As of February 2016, The Electrical 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 Companies

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

In 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

In 2000, the Company became a deemed public limited company under Section 43A(1) of the Companies Act, 1956, and the word ‘private’ was struck off from the name of the Company with effect from June 30, 2000.

Thereafter, the Company was converted into a private limited company under section 43A(2A) of the Companies Act, 1956, and the word ‘private’ was added in the name of the Company with effect from June 15, 2001.

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
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The Electrical 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.

It is also the second largest manufacturer of LED bulbs in India and the first Indian lighting brand to have been awarded BEE star rating for LED bulbs. In the domestic market, it has a well-organised distribution network driven by over 4000 dealers, 1,25,000 retail outlets and a strong service network covering 450 cities.

Raveendran R
Raveendran R
Editor @ Indiancompaies.in


  1. LS ELECTRIC CO LTD formerly a part of LG group based out in Korea with a branch office in Bangalore, Karnataka for Low voltage switchgear products

  2. Nice information. According to me you can also add Laxmi Associaltes It is also one of the best power system testing & diagnostic services provider.


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