Numeric UPS* bagged the most Prestigious SD's No1. Power Electronics
Company of the year award for the 27th 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 682.00 crores, up from 645.00 crores, thus
as the fastest pace post acquication infact growing by over 5.7% over
the previous years turnover. Numeric back on growth path will be a
threat for other UPS manufacturers.
(*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, Vertiv-Liebert,
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
APC - Schneider's UPS sales to be around 772 crore.
Vertiv - Liebert revenue increased to 855 crore.
Eaton's Power Quality revenue is around 162 crore. These
figure are just SD's estimates through our own market sources & our
contacts within the company and information coming out of Government
Hitachi Hi-Rel Power Electronics Pvt. Ltd. which went for
major re-positioning in the last three 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, Solar power control unit & Hybrid Inverter which are very
successful. They have set up a huge plant in Sanand, Gujarat. This year
Softdisk estimates the company to have netted revenues of 524.20 crores
for UPS, SPCUs. & Hybrid Inverter of which majority is revenue thru
sales of SPCUs. & Hybrid Inverter. Drives not included.
Here it is worth mentioning that Govt.'s Right to Information
policy has come good to evaluate the unknown to a certain extent.
Consul now acquired by Fuji Electric grew by 21.69% over the past
year to net 505 crore mark being adjudged the SD's No. 2 Power
Electronic Company of the year. However Consul's are also the SD's No.2
Online UPS company of the year with UPS sales amounting to 385.00 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, maintaining its businesses
successfully making it among the 3rd spot in the SD's top 10 club,
Kolkatta based Switching AVO Electro Power Ltd. Switching with a revenue
of 234.00 crore emerged as SD's No. 3 Power Electronic Company of the
year. Although Switching AVO didn't grow big but maintaining a over 225
crore turnover speaks volumes about the company. Switching AVO are also
the SD's No. 3 Online UPS Manufacturer of the year.
Mumbai based CyberPower Systems maintained its position in SD's top
10 club by grabbing SD's No 4 position in this years SD Rankings.
CyberPower netted revenues to the tune of 159.16 crore being crowned
SD's No.4 Power Electronic Company, CyberPower are also the SD's No.2
Line-interactive UPS Company of the year with 39.62 Crore being
generated thru line interactive sales.
Next in line are the Last years No. 4, Best Power Equipments (I)
Pvt. Ltd. BPE netted revenues to the tune of 148.00 crore being crowned
SD's No.5 Power Electronic Company for the year 2019. The entire
turnover accounted for the sale of online UPSs making it the SD's No. 4
Online UPS Company of the year.
Next in the league is Bangalore based PowerOne Micro Systems Pvt.
Ltd. which won the coveted SD's No.6 company of the year award. The
company netted revenues to the tune of 134.85 crore, making it the SD's
No. 6 Power Electronic Company of the Year. Last year the company had
netted revenues to the tune of 119.20 crores, a major jump considering,
considering the average industry growth to be around 5.36%. Company's
tagline is to save the bottom line. For the second consecutive 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 product.
Next in the league are the Bangalore based Techser Power Solutions
Pvt. Ltd. They were crowned SD's No. 7 Power Electronic Company of the
year. Company's revenue decreased by 6.27%. 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 has already
crossed its revenue in the first two quarter. Techser are also the SD's
No. 5 Online UPS Manufacturer of the year 2018-19.
Delhi based Uniline Energy Systems jumped one place to claim SD's No
8 spot in this years SD Rankings. Uniline netted revenues to the tune
of 94.00 crore. Uniline are also the leading Govt. suppliers of UPSs in
Next are the Hykon India Pvt. Ltd., A Thrissur, Kerala based company
which this time also ended up as SD's No. 9 Power Electronic Company of
the year and could manage only 72.39 crore as against 83.29 crores it
netted last year, a dip of 13%. 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 10.08 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,
laments Mr. Christo George, MD, Hykon.
Last on list were the Bangalore based Arvi Systems & Controls Pvt.
Ltd., grabbing the last spot in the SD's Top 10 Ratings, company netted
a turn over of 24.02 crore in 2018-19. A 35% growth, a huge jump over
Conclusion: The 2018-19 can be termed as a relatively good
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 19.70%. In all 304 companies responded,
while only 146 companies ware rated. Softdisk believes back ourselves
for two three good years ahead
These rankings are
limited to the companies responding to our survey by providing data &
also estimated by our team.