UPS* bagged the most Prestigious SD's No1. Power Electronics Company of
the year award for the 25th consecutive year, making it the largest
winning streak unheard of in the Power Electronic Industry vertical.
The company is also the largest manufacturer of Online UPS Systems in
India making it the SD's No.1 Online UPS Company of the year and also
the SD's No. 1 Line interactive UPS Company of the year awards. All the
three firsts related to UPS went to NUMERIC UPS, making it the most
successful UPS brand in the country. The company netted the total
revenues of 625.45 crores, down from 635.19 crores, a small dip of 1.53%
over the previous years turnover. This minor dip may be attributed to
change of leadership at the top.
(*Numeric UPS is part of Legrand Group. The registered Indian legal
entity is known as Novateur Electrical & Digital Systems Pvt. Ltd. which
comprises of 3 Brands / Divisions Legrand, Indo-Asian and Numeric*,) but
the turnover figures printed are purely of Online & Inline UPS Systems.
Schneider Electric IT Business India Pvt. Ltd, Emerson, Socomec and
Eaton's who didn't wanted their figures to be published terming it to be
their company policy. For UPSs sales of these companies :
SD estimates :
APC - Schneider's UPS sales to be around 664 crore.
Vertiv - Liebert revenue dropped is some where around 590 crore.
First Emerson tried to spin of as Vertiv, before finally being
taken over by PLATINUM EQUITY, A US based equity firm. So fresh
operation may start post December.
Eaton's Power Quality revenue is around 154 crore. These figure
are just SD's estimates through our own market sources & our
contacts within the company and information coming out of Government
Here it is worth mentioning that Govt.'s Right to Information
policy has come good to evaluate the unknown to a certain extent.
Hitachi Hi-Rel Power Electronics Pvt. Ltd. Gandhi Nagar, Gujarat
which went for major re-positioning in the last two financial year has
teamed up with Hitachi. And has finally started delivering. This teaming
up has worked wonders for the company but not that much in the UPS field
but has started emphasizing as the company started giving more emphasis
on Drives for which they have set up a huge plant in Sasan, Gujarat.
This year Softdisk estimates the company to have netted revenues of
382.70 crores for UPS & SPCUs. Of which 176 crores are thru sales of UPS
Consul slipped one rank behind although showing growth over the past
year being adjudged the SD's No. 3 Power Electronic Company of the year.
The company netted revenues to the tune of 340.00 crore, up from
previous year turnover of 270.00 crore. However Consul's are also the
SD's No.2 Online UPS company of the year with UPS sales amounting to
240.00 crores. All these makes Consul - A high growth company,
especially in the wake of extended interest in the Solar business which
is evident from its acquirement Pune based Megatech a predominantly
solar oriented company & Neowatt - famous for its technical expertise in
both custom built UPS Systems and Solar field.
Next in the league was the company, with huge jump in turnover making
it among the 4th spot in the SD's top 10 club, Kolkatta based Switching
AVO Electro Power Ltd. Switching with a revenue of 216.00 crore emerged
as SD's No. 3 Power Electronic Company of the year. Switching growth of
28.22%. Switching AVO are also the SD's No. 3 Online UPS Manufacturer of
the year. A no mean achievement by itself.
Mumbai based CyberPower Systems maintained its position in SD's top
10 club by grabbing SD's No 5 position in this years SD Rankings.
CyberPower netted revenues to the tune of 132.15 crore being
crowned SD's No.5 Power Electronic Company, CyberPower are also the SD's
No.2 Line-interactive UPS Company of the year with 32.29 Crore being
generated thru line interactive sales.
Next in line are the New Entrant BEST POWER EQUIPMENTS (I) PVT. LTD.
BPE netted revenues to the tune of 130.00 crore being crowned SD's
No.6 Power Electronic Company for the year 2017.
Next in the league is Bangalore based PowerOne Micro Systems Pvt.
Ltd. which jumped two spot to claim the coveted SD's No.7 company of the
year. (the company has climbed 2 ranks over the previous year.) The
company netted revenues to the tune of 113.02 crore, making it the SD's
No. 7 Power Electronic Company of the Year. Last year the company had
netted revenues to the tune of 67.95 crores, a major jump considering,
considering the average industry growth to be around 6.27%. Company's
tagline is to save the bottom line. For the first time the company
crossed the turnover of 100 crores and that to without compromising on
margins speaks volumes about the the quality and acceptance of their
Next in the league are the Bangalore based Techser Power Solutions
Pvt. Ltd. They were crowned SD's No. 8 Power Electronic Company of the
year. The company slipped by one rank over previous year. Company's
growth dipped by over 7.0% has been due to the increased competition and
non completion of orders in hand, No wonders, if company ends up even
higher in the top 10 rankings chart in the coming years, Signals to this
effect are already visible. The company netted total revenues of 90.01
crore up from 97.21 crore it had in 2015-16. Of the total revenues of
97.21 crores 83.77 crore came thru sale of online UPS, which makes it
the SD's No. 5 Online UPS Manufacturer of the year 2016-17.
Next are the Hykon India Pvt. Ltd., A Thrissur, Kerala based company
which this time could not repeat its last years performance, and could
manage only 87.84 crore as against 102.89 it nettet last year, a huge
dip of 20.00%. The company has been showing upwards trend ever since it
entered the SD's Top 10 Club. Hykon are also the SD's No.3
Line-interactive UPS Company of the year with 19.36 Crore being
generated thru line interactive sales. We are witnessing a steady
growth, year after year in Hykon, last year was a slip as we missed a
few contracts very narrowly. This year we are confident of bouncing back
laments Mr. Christo George, MD, Hykon.
Last on list were the Delhi based Uniline Energy Systems netted a
turn over of 73.23 crore in 2016-17. The company was crowned SD's No. 10
Power Electronic Company of the year.
Conclusion: The 2016-17 can be termed as a relatively flat
year for the SD's Top 10 UPS Companies. Some of the UPS companies grew
well above the industry average while other failed to achieve what they
had last year, at a time when margins are squeezed. Volume wise there is
increase in sales of almost 16.0%. In all 313 companies responded, while
only 178 companies ware rated. Softdisk believes slowdown has taken the
rosy freshness out of the business, but with GST implemented and Modi
Govt. at the centre and lots of FDI already promised, it is going to be
good times ahead post UP election.
These rankings are limited to the companies responding to our survey
and data provided by them.