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 At a time when most major economies are wrestling with recessionary pressures, Bharat continues to stand out as a beacon of resilience and growth, firmly holding its place among the fastest-growing large economies of the world.
While the blistering pace of the previous fiscal has tempered, the momentum remains strong enough to keep global UPS manufacturers deeply invested. The industry posted a commendable 7.7% growth in FY 2024–25, reflecting its inherent strength despite global volatility.
The Government's Atmanirbhar Bharat mission has transformed the economic landscape, attracting significant investments and driving ambitious infrastructure projects. Strategic initiatives in semiconductors, silicon cells, green energy, and next-generation technologies such as artificial intelligence, robotics, and advanced data processing are reshaping Bharat's industrial base.
With increased capital inflows into defense, telecommunications, and manufacturing, the power electronics sector is expected to expand over 8.1 % in FY 2025–26.
Yet, actual mid-year results differed from earlier Softdisk projections due to delayed government procurements and frequent state-level elections. This makes initiatives like “One Nation, One Poll” crucial, as they can help avoid recurrent disruptions caused by the Model Code of Conduct. Even so, by November 2025, the industry was still advancing at a healthy 7.51% growth rate, proof of Bharat's economic durability.
As European markets falter and global GDP slows, Bharat is gaining even greater relevance in international supply chains. U.S. corporations are reducing dependence on China, with companies like Foxconn producing the latest iPhones at its Chennai plant for domestic and export markets. Bold oil purchase strategies and the gradual repatriation of gold reserves, once mortgaged in the early 1990s, further solidify Bharat's economic standing. A World Bank report for Q3 2025 reaffirms its position as the world's fastest-growing large economy.
Beyond the metros, Tier III and IV towns are becoming growth engines, with defense corridors, renewable energy projects, data centers, and startups driving expansion. Several Indian startups now achieve unicorn status almost every week, underscoring the vibrancy of the entrepreneurial ecosystem. To maintain this momentum, particularly for the UPS industry, greater focus on domestic sourcing is essential. With 67% of the defense procurement budget earmarked for local players, the call to be “Vocal for Local” has never been more critical.
Softdisk believes that the Power Electronic Industry is bond to grow.
SURVEY HIGHLIGHTS
Total Industry Revenue – FY 2024-25
The Indian Power Electronic industry is estimated to have shipped products worth approximately INR 8,424.53 crore to end-users during FY 2024-25, reflecting an increment of about INR 602.31 crore over the previous fiscal.
A significant portion of this increase estimated at over INR 250 crore is attributed to OEM and secondary sales. Given that the market is highly fragmented, with more than 150 unorganized players, determining the exact sales to end-users remains challenging. It is important to note that these secondary sales primarily consist of static inverter units supplied to OEMs and do not include batteries or direct end-user sales.
Industry Performance: FY 2023-24 vs FY 2024-25
Revenue Growth:
The industry's revenue expanded by INR 602.31 crore, reaching nearly INR 8,424.53 crore, which translates to a year-on-year growth of 7.70%. This trend highlights an increasingly price-sensitive customer base and a competitive landscape where larger players continue to consolidate their market position, while smaller companies often struggle to sustain margins.
Volume Growth:
On the volume side, industry sales witnessed an estimated 8.15% growth, which is marginally higher than the previous year's growth by about 0.25%.
Key Market Insights
The data suggests shrinking profit margins for smaller manufacturers. While companies with a strong focus on operational efficiency and bottom-line performance continue to thrive, a few players faced order fulfilment challenges due to component shortages, influenced by ongoing geopolitical and supply chain disruptions.
This is a clear indicator of shrinking margins for smaller players. Companies going for bottom line doing great with only a few exceptions while some companies not able to complete order due to lack of components due to geopolitical situation arising due various factors.
Three Phase Online UPS sales has picked up. Online sales account for nearly 93.5%. Contributing a significant increase in revenue. There is nearly 84% increase in sales of 5kVA to 60kVA UPSs, more growth in 3 phase UPS is visible. However sales of Line Interactive UPS remains limited to select few companies who are doing good business.
Offline & line interactive UPS show a drop in growth in 9% in volume terms and not have not been a significant contributor in revenue terms, it increasingly becoming a low margin a high volume game. In revenue terms they contributed nearly 1.00% to the Total Industry revenue.
Rest of revenue comes for UPS companies manufacturing SPCU, Solar inverter, small servo stabilizer, Energy storage solutions etc. which accounts to nearly 5.5 percent total industry revenue.
This does not include Inverter sold under the tag of Home UPS.
It was observed that medium & regional players making profits are leaning towards Solar Power Control Units (SPCU) which comes with more profits as compared to conventional UPSs. Remaining being sale of Servos and change of batteries not under maintenance and TPM contracts.
Exports on rise as compared to previous year. Many leading once aim at exports.
The Epoch of 2024–25 and the Road Beyond
Geopolitical Challenges and Resilient Growth
The fiscal year 2024–2025, though challenging in multiple respects, nevertheless reflected resilience, recording an overall year-on-year growth of 7.70%, with revenues rising by INR 602.31 crore. Considering the volatile geo-political landscape across the globe, such performance stands commendable.
Revenue Dynamics and Market Structure
Industry revenues ascended to INR 8,424.53 crore, of which over INR 200 crore stemmed from secondary transactions, comprising OEM-to-OEM engagements and OEM-to-trader sales in Tier-3 cities. Given the highly fragmented structure of the sector with more than 150 unorganised players—it remains difficult to ascertain exact end-user sales. Importantly, this secondary segment excludes batteries and pertains solely to static inverters for B2B trade rather than direct consumer deployment.
Domestic Potential versus Foreign Dependencies
Despite headwinds, the industry fared better than many anticipated. The Make in India initiative has played a pivotal role, creating a fertile ground for UPS vendors. Yet, the shadow of Chinese linkages persists, as many UPS units sold in India retain foreign connections. Encouragingly, several companies have embarked upon domestic assembly, laying the foundation for an indigenous ecosystem that augurs well for the future.
The Populism Trap
At Softdisk, we believe it is imperative that consumers remain economically discerning, choosing systems of appropriate quality and reliability. The ethos of Vocal for Local must be taken earnestly. Unfortunately, political populism in the form of electoral freebies has distorted this prudence. What began as an isolated practice has now proliferated, compelling even ruling parties to emulate such tactics. It is regrettable that citizens, lured by short-term giveaways, often elect governments that falter on the developmental front.
A Call for Electoral Reform
Softdisk asserts that the Election Commission of India must institute stringent directives, disallowing political parties from publicising such enticements in manifestos and campaigns. Severe penalties should be mandated against parties that exploit populist promises. Only by curbing this tendency can holistic and sustainable national development be achieved.
Impact of Electoral Codes on Procurement
The imposition of electoral codes of conduct, both for parliamentary elections and concurrent state polls, further curtailed orders from state departments, causing a notable dip in government procurement. With several states poised for elections in the coming months, a surge in such orders is unlikely. It is therefore imperative for enterprises to recalibrate and seek growth in alternative verticals.
Projections for 2025–26
Nevertheless, we remain confident that the industry's collective revenues, which stood at INR 8,424.53 crore in FY 2024–2025, will be surpassed in the forthcoming fiscal. Projections indicate that the UPS industry is poised for a growth trajectory of nearly 8.8% in 2025–2026.
Consolidation, Acquisitions, and Market Behaviour
A handful of enterprises underperformed owing to internal challenges; however, overall trends remain favourable. Customers are increasingly discerning in both price and quality considerations. Consolidation is also underway, exemplified by Amber's acquisition of Powerone. Firms specialising in customised deployments, once facing order shortfalls, have begun securing new contracts as the startup ecosystem continues to expand.
Volume Growth and Market Shifts
Industry sales recorded an estimated growth of over 8.1%, reversing the previous year's contraction of 0.58% and marking an improvement of 2.1%.
Three-Phase Momentum
The momentum in three-phase online UPS solutions has been remarkable. Online UPS now constitutes nearly 93.5% of the market, contributing significantly to revenue expansion. Particularly, sales of units in the 5kVA to 60kVA range surged by nearly 84%, underscoring the increasing adoption of mid-range three-phase systems. Conversely, single-phase UPS sales remain concentrated among a few successful enterprises.
Decline of Offline and Line-Interactive Models
In contrast, offline and line-interactive UPS segments witnessed a 9% decline in volume. With limited contribution to revenues approximately 1% of the industry total these categories are increasingly characterized by high-volume yet low-margin dynamics.
Expanding Horizons: Modular and Allied Products
Of the total revenue of INR 8,424.53 crore, UPS sales accounted for 94.5%. The remaining 5.5% derived from allied product lines such as SPCUs, solar inverters, small servo stabilizers, and energy storage solutions. Modular UPS systems are gaining notable traction, particularly within the ITES sector, with many Indian manufacturers strategically entering this space. The adoption of SPCUs is further enabling firms to sustain viability in a competitive landscape.
Uninterrupted India: How Power Fuels Progress
As India races ahead to secure its place as the world's fastest-growing economy, Softdisk set out to understand how deeply this growth has shaped the industry and the pace at which it is evolving. What emerged is a story of ambition, resilience, and an unrelenting demand for power.
Across the nation, projects are mushrooming at unprecedented speed. The spirit of Atma Nirbhar Bharat has set the tone, as start-ups rise in astonishing numbers over 1,500 crossing into unicorn territory in 2024–25 alone. This explosion of entrepreneurial energy has created a parallel surge in the demand for pure, uninterrupted power, turning expansion plans into an urgent necessity. The government, for its part, has responded with sweeping measures: liberalizing FDI, channeling massive investments into infrastructure and defense corridors, and driving the Make in India initiative to deliver results that are now unmistakably visible.
Nowhere is this momentum felt more strongly than in India's technology backbone. The expansion of IT and ITES giants, the rise of hyperscale data centers, the dominance of big data, and India's unparalleled position as the world's largest UPI user base have all combined to give telecom a decisive lift. Tower infrastructure is climbing skyward at record pace, supported by India's homegrown 5G ecosystem and the NAVIK, proved so potent in OPERATION SINDOOR positioning system already deployed for strategic defense applications. For the UPS industry, this has meant renewed vitality in the mid-segment. Small data centers with requirements up to 30 kVA and medium installations ranging from 40 kVA to 120 kVA are steadily gaining traction, painting a robust picture for the year ahead.
At the same time, a quiet yet powerful shift is underway. Solar energy is no longer just an alternative it is becoming central to the industry's future. Several players have gone beyond conventional systems to design and install grid-sharing solar UPS with hybrid features, setting the stage for a more resilient and sustainable energy landscape.
The competitive terrain, too, is clearly defined. Vertiv-Liebert remains firmly at the helm with a commanding 25% share, followed by APC-Schneider at 20% and Fuji Electric at 18%. Legrand Numeric holds 11%, while ProstarM, AVO, Socomec, Powerone, and Techser together form the mid-tier, contributing between 2% and 5% each. The balance rests with a diverse group of players including homegrown stalwarts like Hykon and Uniline who continue to hold their ground in this fiercely competitive market.
What Softdisk's findings ultimately reveal is not just the state of the UPS industry, but the pulse of a nation determined to power its growth story one project, one innovation, and one breakthrough at a time.
SD ESTIMATE: Softdisk now predicts a growth nearly 7.70 % percent that the total industry revenue will touch INR 8424.53 crore approx by March, 2025. We talked to Industry Captains trying to know what the industry leaders thought of the future ahead. Many had little or no doubt to what Softdisk has predicted earlier and continued to have faith on Softdisk analysis, more so the decision making ability it has become major tool to the clients.
Softdisk remains committed for transparent reporting, in-depth analysis & as always throwing up forecast & estimates which you can Rely Upon For Sure.
 According to Mr. Rajaram Ramamoorthy, Managing Director of Electronics and Controls Power Systems Pvt. Ltd. headquartered in Bangalore, the growth trajectory of the UPS-cum-Solar industry has been steadily ascending over the past few years. He observes that this upward movement has been shaped by continuous advancements in digitalization, automation across industries, surging economic activity, and the ever-expanding demand for internet-related services and e-commerce. The hybrid work culture that emerged in the aftermath of COVID-19 has further cemented the necessity of uninterrupted power at the domestic level, turning residential UPS systems into a near-basic requirement. Mr. Ramamoorthy adds that the Government’s emphasis on indigenous development and manufacturing in key sectors, under the banner of Atma Nirbhar Bharat, has infused a renewed optimism among technologically adept UPS companies, allowing them to compete successfully against the influx of low-cost imports.
He laments that no enterprise today can operate without guaranteed power continuity. Almost every vertical be it digital payments, citizen-centric automation, OTT streaming, metro rail expansion, or smart city infrastructure depends on reliable backup power to function seamlessly. This is where the UPS-cum-Solar segment has become critical, evolving from a traditional emergency power backup into an active enabler of India’s digital-first economy.
Technological progress has played a decisive role in this evolution. High-efficiency power conversion technologies, lithium-ion battery adoption with advanced battery management systems, and modular, scalable UPS architectures have collectively enhanced reliability and flexibility. Furthermore, IoT-enabled predictive maintenance and AI-driven analytics have made it possible to monitor systems remotely, reduce downtime, and optimize performance. The convergence of UPS systems with renewable energy, particularly solarhas also positioned the industry at the center of India’s energy transition, aligning with the nation’s sustainability goals.
Despite this impressive growth story, the industry faces challenges that must be addressed. The high upfront cost of indigenous advanced systems, the complexity of integrating diverse power sources, and the lingering dependence on imported electronic components and lithium cells are pressing concerns. Harmonizing outdated infrastructure with cutting-edge UPS and solar solutions often demands costly retrofits. Moreover, regulatory frameworks sometimes lag behind technological progress, leading to compliance ambiguities, especially in areas like e-waste management and pollution control. Mr. Ramamoorthy emphasizes that a streamlined, single-window clearance process, clearer compliance norms, and industry-friendly policy support will be critical for sustaining momentum.
Looking ahead, he foresees robust growth over the next three years, driven by India’s rapid data center expansion, proliferation of cloud services, and rising ESG commitments. Integrated UPS-cum-Solar solutions are expected to see accelerated adoption as businesses seek energy efficiency, decarbonization, and operational resilience in mission-critical sectors such as healthcare, telecom, manufacturing, defence, and space. According to him, this confluence of technological ingenuity, sustainability imperatives, and favorable policies will propel the industry into a future marked by reliability, scalability, and self-reliance.
Speaking on the celebration of two decades of UPS-cum-Solar Day,
Mr. Ramamoorthy reflects that the occasion is far more than a ceremonial event; it is a testament to the perseverance and unity of the industry. Organized unfailingly during the first week of December every year by Softdisk, the only publication dedicated exclusively to the UPS sector, the event has evolved into a key platform for dialogue, networking, and collaborative problem-solving. He notes that such continuity and dedication led by Dr. Sai Krishnan, whose passion and meticulous planning have made this event an industry institution are rare and worth emulating.
He further adds that the Softdisk Annual Rankings and SD Awards, now in their 33rd edition, have brought transparency and credibility to the sector. Since the rankings are based on verified customer feedback, site inspections, and audited data, they serve as a dependable reference point for customers and an inspiration for manufacturers to improve their offerings. The recognition not only validates the hard work of UPS solution providers but also encourages them to innovate, adopt best practices, and compete on quality rather than price alone. Mr. Ramamoorthy believes that such initiatives are instrumental in elevating industry standards and driving the collective mission of making India a hub for world-class power continuity and renewable energy solutions.
 Microtek International Pvt. Ltd., headquartered in New Delhi, is one of the most respected names in the power electronics industry, with its Director, Mr. Manoj Jain, reflecting deeply on the transformative growth of the UPS-cum-Solar sector. He believes the industry has been expanding at a steady and reasonable pace over the last few years, propelled by two complementary forces, the rising demand for secure backup solutions for critical applications and the increasing acceptance of renewable energy through solar, supported by heightened consumer awareness. He notes that government initiatives, particularly the Prime Minister’s Surya Ghar Yojana, along with central and state-level subsidies for rooftop installations, have created a fertile environment for adoption. According to him, the Surya Ghar Yojana has been especially impactful in encouraging households to invest in solar rooftops, as it provides direct financial benefits while simultaneously contributing to India’s sustainability goals. In his words, this scheme has turned renewable energy into not only an environmental responsibility but also an economically compelling decision for the common household.
Manoj emphasizes that rooftop solar solutions are fast becoming integral to everyday life, marking a shift in the way Indian consumers view energy. He points out that several factors have driven this change government subsidy frameworks, technological advancements in storage, and the market’s transition toward lithium batteries, which are increasingly replacing conventional lead-acid variants. He regards this technological leap as transformative, enabling more efficient and reliable UPS-cum-Solar systems. He further observes that affordability has improved significantly, allowing even semi-urban and rural households to access solar-based backup solutions.
Interestingly, Manoj does not see the sector as facing severe challenges. Instead, he identifies the key innovation ahead as lying in the battery domain, particularly the accelerated shift from lead-acid to lithium technologies. He notes that demand for uninterrupted power in smaller towns and semi-urban regions has surged as electricity access has widened, ensuring that rural India will be among the strongest growth drivers in the years ahead. Looking forward, he foresees the UPS industry growing at a CAGR of 10 to 15 percent, while the solar segment, buoyed by government thrust and consumer preference for reducing electricity bills, could achieve a minimum of 20 to 25 percent growth annually over the next three years. For him, the combined industry is poised to become an indispensable pillar of India’s energy security, in complete alignment with the vision of Atma Nirbhar Bharat.
Reflecting on the celebration of two decades of UPS-cum-Solar Day, Manoj regards it as a proud milestone that symbolizes how far the industry has traveled from merely introducing solar-backed UPS solutions to making them an integral part of India’s power ecosystem. To him, it is not only a moment to look back with pride but also to reaffirm the industry’s commitment to continuous innovation and future-ready applications. He strongly feels that Softdisk has played a critical role in this journey. The unbroken continuity of UPS-cum-Solar Day for twenty years, and the SD Awards for thirty-three consecutive years, stands as testimony to unparalleled dedication and meticulous execution. He particularly commends the passion and vision of Dr. Sai Krishnan, describing him as an institution in himself, whose commitment has elevated these events into benchmarks of credibility.
Manoj further stresses that Softdisk’s rankings and awards have created a culture of recognition that has significantly enhanced transparency and professionalism in the industry. He believes they have provided a vital platform for companies to showcase leadership, encouraged healthy competition, and inspired the pursuit of excellence across the sector. For consumers and investors alike, these recognitions have built trust and confidence, ensuring that the industry continues to thrive with credibility and innovation. In his view, such consistent recognition has not only celebrated outstanding achievements but has also fostered an environment of collaboration and growth, which will remain indispensable as the UPS-cum-Solar sector continues to power India’s sustainable future.
 Headquartered in Bangalore, Powernet Solutions Pvt. Ltd. has carved out a distinct niche in the power electronics sector under the leadership of its Managing Director, Mr. K. M. Krishnamurthy. He expressed satisfaction with the company’s performance in the last fiscal, noting that Powernet recorded nearly 9% growth well above its 2023–24 performance. Unlike many UPS manufacturers chasing the broad market, Powernet Solutions has strategically chosen to specialize. The company is a recognized leader in manufacturing lift logic boards and lift UPS systems, which have seen widespread acceptance not only in India but also across Southeast Asian markets.
Serving as an OEM partner to several globally reputed elevator brands though bound by non-disclosure agreements the company has built strong credibility in this niche domain. Beyond elevator solutions, Powernet Solutions also designs and delivers a range of single-phase and three-phase online UPS systems, catering to diverse power backup requirements. Mr. Krishnamurthy emphasizes that in the UPS industry, success lies in identifying and owning a niche. For Powernet, competing is not with the top-tier global UPS companies, but with those select few manufacturers who supply UPS systems embedded with advanced lift logic boards. In this specialized space, competition remains limited, and Powernet has leveraged its expertise to strengthen its leadership position.
Looking ahead, the company is confident of maintaining its growth momentum, driven by rising demand for intelligent power backup solutions in urban infrastructure and elevator-based applications. With continuous investments in R&D and manufacturing excellence, Powernet Solutions is positioning itself as a trusted partner in enabling safe, efficient, and uninterrupted elevator operations worldwide.
Reflecting on industry milestones, Mr. Krishnamurthy commended Softdisk for its unparalleled contribution to the Indian power electronics industry. He remarked that while many publications have attempted to cover UPS and power electronics, none have managed to sustain themselves in the Indian market with the same depth, consistency, and credibility. Over the years, Softdisk has become a unique voice and benchmark for the industry, fostering recognition for both established and emerging players. For Powernet Solutions, the acknowledgment and coverage by Softdisk has served as both validation and motivation. Mr. Krishnamurthy adds that Softdisk has played a crucial role in educating customers, bridging industry knowledge gaps.
According to Mr. Ram Agrawal, Managing Director of Prostarm Info Systems Ltd., based out of Navi Mumbai, the UPS-cum-Solar sector has witnessed a decisive upward trajectory over the past few years, largely fueled by policy support and increasing consumer awareness. He recalls that the strong thrust of government initiatives, particularly under the National Solar Mission, has created an enabling environment by way of subsidies and regulatory backing, encouraging integration of solar into hybrid and on-grid systems that ensure not just generation but also reliable backup. Mr. Agrawal further adds that demand has risen substantially in regions where erratic power supply had long plagued homes and enterprises, as hybrid solar UPS solutions have emerged as affordable and dependable alternatives. He cites the phenomenal rise of rooftop solar as a game-changer, where consumers now view the solar UPS not just as an emergency substitute but as a mainstream energy provider. He stresses that hybrid solar systems offering surplus power export to the grid have completely altered the dynamics of the sector, turning what was once a standalone backup into an integrated energy solution.
Yet, he laments that the path is not free from obstacles. A lack of consistent policy frameworks, complex subsidy mechanisms, and land acquisition hurdles continue to restrain momentum. He also underlines that India’s heavy dependence on imported solar cells, panels, and inverters has been a persistent impediment, slowing down the journey towards true Atma Nirbhar Bharat in this critical sector. Financing difficulties and bureaucratic complexities, he adds, further dampen investor confidence. Nevertheless, Mr. Agrawal remains optimistic. He highlights how government focus on manufacturing through Make in India and skill development initiatives has begun to reshape the sector, steadily reducing import reliance and expanding domestic capacity. He believes that with rising investor interest, greater technological advancements, and better consumer awareness of rooftop solar’s economic benefits, the industry will continue to grow at a healthy pace of around 10–11% annually. Over the next three years, he foresees the sector evolving into a mature ecosystem, marked by self-reliance, better financing avenues, and enhanced innovation, thereby cementing its role as a cornerstone of India’s energy transformation.
 For Mr. Ram Agrawal, the celebration of two decades of UPS-cum-Solar Day holds deep significance, both for Prostarm and the industry at large. He views it as a moment of reflection and renewed inspiration, symbolizing how far the sector has come in its pursuit of sustainability, reliability, and energy independence. For Prostarm, he observes, it stands as a reminder of the company’s own journey of growth and innovation over the last two decades, reinforcing its resolve to pioneer further in this field.
He acknowledges that Softdisk has played a pivotal role in shaping the sector’s identity and credibility. The unbroken tradition of hosting this annual celebration for twenty years and conferring the SD Awards for thirty-three consecutive years is, in his words, a testimony to passion, perseverance, and meticulous planning. He admires the consistency with which Dr. Sai Krishnan has nurtured this institution, turning it into a beacon of recognition and excellence.
Mr. Agrawal emphasizes that Softdisk’s rankings and awards have not only provided industry players with visibility but also instilled greater confidence among consumers and investors. By fostering transparency, benchmarking quality, and highlighting innovation, the SD Awards have contributed immensely to elevating the stature of the UPS-cum-Solar sector in India. He concludes that such endeavors remain indispensable for driving sustained growth, public trust, and the realization of India’s vision for clean and reliable energy.
Bangalore-based PNS Systems Pvt. Ltd., under the dynamic leadership of Mr. Sumanth Kumar, President of UMDA and Managing Director of the company, has carved a distinctive trajectory of resilience and growth despite the turbulence of global economic headwinds. Mr. Sumanth remarks that in today’s climate, any growth above 8 percent must be seen not merely as an achievement, but as a testament to resilience and adaptability. Anchored in the philosophy of innovation and indigenous excellence, PNS Systems continues to align its efforts with the national vision of Make in India, designing and manufacturing UPS solutions that embody reliability, scalability, and sustainability.
 Reflecting on the post-pandemic landscape, Mr. Sumanth observes that the sector has experienced what he terms a U-shaped recovery. Domestic consumption has seen a notable resurgence, underscoring the renewed confidence of Indian consumers. He highlights that customer willingness to invest has never been in doubt; what remains critical is the industry’s ability to deliver the right solutions solutions that are tailored, reliable, and future-ready. To fully leverage this demand, he emphasizes the need for Indian manufacturers to focus on scaling up capacity and technological depth.
Policy support has also provided much-needed momentum. Mr. Sumanth points to the GST reduction on solar modules and batteries, which has invigorated capital goods investments while simultaneously reinforcing the government’s push for self-reliance through Make in India. However, he also draws attention to the flip side of regulatory reform. The Bureau of Indian Standards (BIS) mandate, while aimed at ensuring quality, has inadvertently created formidable hurdles, especially for small and medium enterprises. Compliance costs, delays, and procedural bottlenecks are eroding competitiveness and making it increasingly difficult for smaller firms to thrive in an already challenging marketplace.
Looking to the future, Mr. Sumanth asserts that the coming decade will be decisively shaped by renewable energy adoption. Solar rooftops, once a peripheral solution, are now redefining the energy landscape of rural and semi-urban India. Government programs such as the Suryodaya Yojana have significantly expanded solar’s reach, making it accessible to middle-income households and rural institutions. PNS Systems is positioning itself at the forefront of this transition by diversifying its portfolio to include off-grid, hybrid, and string inverter technologies. These solutions offer flexibility of deployment, enhance reliability, and reduce dependence on the grid all while aligning with the growing national consciousness around sustainability.
With the convergence of solar and UPS technologies, the industry is expected to sustain double-digit growth rates in the years ahead. Mr. Sumanth firmly believes that Indian manufacturers are now poised to play not only a domestic but also a global role in the clean energy revolution.
For Mr. Sumanth, the Softdisk Awards represent more than a platform of recognition they have come to embody a trusted institution, almost akin to a family member, offering encouragement, validation, and motivation to businesses year after year. He emphasizes that the industry’s collective progress is not attributable to any single enterprise but is the result of shared effort across manufacturers, innovators, policymakers, and enablers, with Softdisk serving as a catalyst that binds them together. And organising function for two straight decades and 33rd SD Award Ceremony even during peak covid times speaks of Dr. Sai’s commitment for his passion.
Softdisk’s influence has been particularly transformative. By bridging the gap between enterprises and end-users, it has nurtured a culture of transparency through data-driven rankings, meticulous analysis, and credible market intelligence. For customers, these benchmarks have served as dependable tools for informed decision-making, while for manufacturers, they have provided both validation and the impetus to pursue excellence relentlessly.
 Micron Systems & Control Pvt. Ltd., based in Bangalore, stands amongst India’s forward-looking companies in the power electronics and renewable energy domain. Its Managing Director, Mr. S. Sabhapathy, notes that the past few years have revealed contrasting fortunes for the UPS and solar sectors. The UPS industry, he explains, has grown significantly, driven by the rising need for reliable backup solutions across residential and commercial segments. By contrast, solar adoption has been somewhat sluggish, constrained by aggressive price wars among competitors and unclear policy frameworks that often discourage sustained investment.
He points to Karnataka as an example, where new building projects encounter difficulties in securing power sanctions due to stringent and unclear norms. Moreover, the state’s provision of free electricity up to 200 units, while socially beneficial, has reduced the urgency for households to install solar rooftop systems. According to him, such measures unintentionally slow down the renewable momentum. Mr. Sabhapathy stresses that clearer policies and better-aligned incentives are essential if the country is to scale solar adoption at the pace it envisions.
Yet he remains optimistic. The recent reduction in GST from 12% to 5%, announced by the Hon’ble Prime Minister, is likely to act as a strong catalyst for the sector over the next three years. He underlines that the integration of UPS with solar provides a highly dependable, sustainable, and cost-effective energy solution—an ideal blend for India’s future. For this potential to be realized, he identifies three priorities: innovations in hybrid UPS-solar technology that improve efficiency and affordability, streamlined approval processes for new buildings, and greater consumer awareness of the long-term savings solar energy delivers, even in areas with subsidized electricity. With such measures, he foresees the combined UPS-cum-Solar industry sustaining annual growth in the 10–11 percent range, reinforcing both energy reliability and environmental responsibility.
Reflecting on the industry’s journey, Mr. Sabhapathy describes the celebration of two decades of UPS-cum-Solar Day and thirty-three consecutive years of SD Awards as nothing short of historic. To him, these milestones prove that the sector has not only matured but also built a culture of resilience and recognition. He remarks with conviction that Softdisk has been the glue of the industry, binding together diverse stakeholders and offering a common platform where achievements are celebrated, challenges are debated, and innovations are showcased. Without this unifying force, he suggests, the sector would not have achieved the same level of cohesion and credibility.
He further emphasizes that the continuity of these events, year after year, is a testament to the vision and meticulous dedication of Dr. Sai Krishnan, whom he regards as an institution in himself. The SD Awards, in his view, have acted as a transparent benchmark of performance, creating healthy competition while inspiring companies to continuously enhance their quality and innovation. By calling out and rewarding excellence, they have built consumer trust and industry confidence. Mr. Sabhapathy concludes that Softdisk, as the glue of the UPS-cum-Solar sector, has ensured that the industry grows not in isolation, but in unison, charting a credible path toward a cleaner and more reliable energy future.
 Bangalore-based POM Systems and Services Pvt. Ltd., under the dynamic leadership of Mr. I. B. Rao, Managing Director, has been spearheading the transformation of India’s power electronics industry. According to him, the sector has now become a critical enabler of industrial growth, though the challenge of competing with global products and scaling them worldwide remains significant. With India steadily emerging as one of the world’s leading economies, a new generation of knowledge-driven customers has emerged keen to harness reliable and sustainable power. Mr. Rao points out that India’s ambition to stand shoulder to shoulder with China in manufacturing will demand far greater investments in infrastructure, factories, and advanced manufacturing capabilities within the domestic UPS market.
He observes that while many Indian UPS companies have been acquired by multinational corporations, benefitting from large investments and professional management practices, POM Systems has remained steadfast in its vision. As an Indian company with over three decades of successful operation, POM continues to deliver true Make in India products. Through its dedicated team of technocrats, the company has developed new designs, value-added solutions, and customization capabilities. Notably, POM has already engineered high-capacity transformer-based IGBT charger UPS systems, cementing its reputation as a pioneer in the field.
Renewable energy, Mr. Rao stresses, is now central to industrial expansion, and government subsidies under schemes such as the Suryodaya Yojana will further accelerate adoption. He projects that the renewable energy division at POM could grow by nearly 100% annually in the years ahead. The company, already recognized as India’s largest hybrid SPCU manufacturer, has consolidated its operations in a four-storied facility that houses manufacturing of single- and three-phase UPS systems, Battery Energy Storage Systems (BESS), static EV chargers, frequency converters, grid-tie and hybrid SPCUs, and other specialized equipment.
With innovations such as lithium-ion phosphate battery-based systems and in-built wall-mount UPS units ranging from 10 KVA to 25 KVA, POM is positioning itself to meet diverse market needs. Mr. Rao acknowledges that while regulatory approvals can at times be smooth, they often present significant delays and uncertainties. Nonetheless, he is confident of sustaining double-digit growth for POM Systems and Services, strengthening its footprint not only across India but also in international markets.
Reflecting on Softdisk’s role, Mr. Rao notes that POM’s association with the magazine dates back over two and a half decades. At a time when the sector was largely unorganized, Softdisk became a credible source of market size evaluation, industry analysis, and business awareness. He lauds the commitment of the Softdisk team in investing time to understand niche companies like POM, adding that their role in data collection, product introduction, and knowledge dissemination has been instrumental in shaping the industry.
He goes on to describe Softdisk as the very glue of the UPS and solar fraternity. The uninterrupted celebration of UPS-cum-Solar Day for over two decades including during pandemic years speaks volumes of the passion and meticulous planning of Dr. Sai Krishnan and his team. Softdisk’s annual rankings and awards, Mr. Rao emphasizes, have not only built credibility for Indian companies in a market otherwise dominated by MNC reports but also created benchmarks of quality, innovation, and customer satisfaction. For POM Systems, these awards have served as validation of its long-standing commitment to innovation and Atma Nirbhar Bharat. More importantly, SD’s annual UPS Day has become a landmark event for the entire industry, offering a platform for Indian companies to exchange ideas, address challenges, and collectively shape the future of the UPS-cum-Solar sector.
 Switching AVO Electro Power Limited, headquartered in Kolkata, under the leadership of Mr. Rabindra Agarwal, foresees a growth rate of around 8-9% in the coming fiscal year, a modest drop he attributes to the time lost during the General Elections. Nonetheless, he emphasizes that AVO is already fully geared with its in-house manufacturing setup aligned with the Atma Nirbhar Bharat initiative which gives the company a strategic edge. This capability enables them to effectively meet the needs of government and banking clients, industries that value reliability and indigenous sourcing.
Mr. Agarwal notes that technical teams have been working diligently behind the scenes, backed strongly by management, to strengthen AVO’s position especially within the three-phase UPS segment. He expresses confidence in capturing a larger market share here, buoyed by rising demand from manufacturing, healthcare, data center, and other sectors where uninterrupted power is imperative. With this focus, AVO is poised to expand its footprint and deepen its business in the three-phase arena. He further believes that by enabling power generation for self-consumption, rooftop installations ease grid stress and lower electricity costs for end users. The Pradhan Mantri Surya Ghar Yojana, he remarks, has significantly bolstered the sector, and Switching AVO is no exception in fact, the firm manages over 20 MWp of installed solar capacity with pride. Furthermore, as solar system costs continue to decline, he believes that rooftops combined with lithium-battery systems will be a major growth lever for both the environment and the industry. AVO sees itself as well-positioned to capitalize on this trend, performing exceedingly well in the deployment of such integrated clean energy solutions. AVO also deploys advanced inverter technologies, off-grid, hybrid, and string inverters, enabling robust, flexible solar power systems and even larger solar power plants, though specific details from their website couldn’t be accessed at the time.
Reflecting on Softdisk’s contributions, Mr. Agarwal echoes themes shared by leaders across the industry. He acknowledges that Softdisk has played the role of a vital unifying force a “glue” that knits together industry players, educators, and policy makers. To him, Softdisk’s institutional strength lies in conveying market insights, championing innovation, and fostering industry cohesion through its consistent dedication over decades. He notes that Softdisk’s unwavering passion, meticulous planning, and uninterrupted execution have turned UPS-cum-Solar Day and the SD Awards into iconic fixtures that celebrate the sector’s resilience and innovation. They are are more uninterrupted then the best of UPS systems. In AVO’s case, Softdisk has not just chronicled its journey over the years, but has validated its efforts and reinforced its reputation among customers and industry peers alike as one of the best in business.
 Bangalore-based Cosmic Micro Systems Pvt. Ltd., under the stewardship of its Managing Director Mr. Shankar Nagali, has emerged as a trusted name in the power electronics sector. Mr. Nagali observes that the UPS-cum-Solar industry has witnessed steady and meaningful growth, propelled by the rising demand for uninterrupted backup solutions and the expanding acceptance of renewable energy. He underscores that initiatives such as the Surya Ghar Yojana have transformed solar adoption from a peripheral option into a mainstream, economically compelling decision for households across the nation.
With subsidies, advancements in storage, and the accelerated transition from lead-acid to lithium batteries, rooftop solar solutions are now penetrating deep into semi-urban and rural India. He foresees the sector achieving double-digit annual growth, positioning indigenous manufacturers as key contributors to India’s sustainable future.
Reflecting on the celebration of two decades of UPS-cum-Solar Day and the 33rd edition of the Softdisk Awards, Mr. Nagali describes them as industry-defining milestones that symbolize resilience, innovation, and continuity. He commends Dr. Sai Krishnan for his unwavering vision and pioneering efforts, crediting him with transforming Softdisk into a benchmark of credibility. According to him, Softdisk has not merely chronicled the industry’s journey but has elevated it fostering excellence, transparency, and collaboration across the sector.
 According to Mr. Aditya Khosla, Managing Director of Nexus Power Systems, New Delhi, the UPS-cum-Solar industry has undergone a remarkable transformation in the last decade. What once catered primarily to IT loads in educational institutions and offices has now expanded to power critical applications across manufacturing units, healthcare facilities, and new-age industries that did not even exist a few years ago. He laments that the demand for uninterrupted, regulated power is no longer a luxury but a necessity, as industries today are equipped with high-precision, high-speed machines that demand stable power to deliver optimal results. He adds that the government’s Make in India initiative has been a catalyst, encouraging industrial expansion and modernization, though gaps remain in infrastructure and support systems. Yet, this growth has also exposed certain weaknesses. The industry’s heavy dependence on imports from China continues to be a stumbling block, with many so-called manufacturers operating merely as importers of packaged systems. This reliance has created vulnerabilities in cost structures and supply chains, while price wars, false commitments, and overpromising continue to tarnish credibility. Mr. Khosla stresses the urgent need for India to build its own manufacturing ecosystem for key components such as semiconductors and to invest in upskilling manpower to match global benchmarks. He is optimistic about the industry’s evolution, foreseeing a large-scale shift from conventional SMF batteries to Lithium-ion solutions and a surge in demand for online UPS systems. For Nexus, the path forward lies in focusing on the right clientele and offering consistent, reliable service values that have underpinned its growth and reputation. Looking ahead, he foresees the industry maintaining a healthy growth rate of around 10–11% annually, with solar adoption gaining further momentum as awareness and affordability improve.
Reflecting on the celebration of two decades of UPS-cum-Solar Day, Mr. Khosla calls it an exhilarating milestone, one that validates the resilience and perseverance of companies that have survived and thrived in India’s demanding market. To him, this milestone is a reminder that good, honest work endures the test of time, even in an industry often disrupted by competition and rapid technological change. He commends Dr. Sai Krishnan’s unwavering passion, meticulous planning, and ability to make this event uninterruptedly successful year after year, describing Softdisk as the very glue that binds the UPS-cum-Solar fraternity together.
He further emphasizes that Softdisk’s annual rankings and awards have been instrumental in professionalizing the industry by offering a transparent benchmarking system. For customers, these rankings serve as a trusted reference point when making decisions, while for companies, they create healthy competition and act as a badge of credibility. Nexus has proudly highlighted its SD awards in all its digital media, knowing well that these recognitions hold weight in the customer’s mind. According to him, the consistency of these recognitions for 33 straight years has not only built trust but also contributed to the steady growth, credibility, and evolution of the UPS-cum-Solar sector as a whole.
 According to Mr. Narayan Sabhahit Managing Director, Techser Power Solutions Pvt. Ltd. India is on the verge of significant Energy evolution, with market valuations projected to touch USD 290 million by 2025, according to a leading market research agency. Concurrently, India’s renewable energy capacity has witnessed an extraordinary surge, expanding nearly threefold from 76.37 GW in March 2014 to an impressive 226.79 GW by June 2025.
The trajectory of this growth is undergirded by multiple forces: the persistence of power unreliability in Tier II and Tier III cities; burgeoning requirements of IT and telecom sectors; deepening industrialization; and an exponential dependence on data centres and digital infrastructure. Reinforcing this progression are proactive governmental measures, such as the Data Centre Policy, alongside a steady influx of investments from global conglomerates.
Yet, the market is not devoid of impediments. Elevated upfront capital expenditure and the circumscribed lifespan of batteries continue to act as growth restraints. However, these challenges coexist with compelling opportunities: the advent of intelligent UPS systems, seamless integration of renewable energy sources, and the adoption of high-efficiency, modular, and scalable architectures features now particularly sought after in metropolitan and edge data centres. The sector is forecasted to expand at a steady CAGR of 4–5% until 2033.
Looking ahead, India’s renewable energy appetite will ascend dramatically, with the 20th Electric Power Survey (EPS) estimating peak demand to escalate to 277.2 GW by 2026–27 and a formidable 366.4 GW by 2031–32. Against this backdrop, UPS systems will play an increasingly indispensable role as enablers of energy reliability, sustainability, and resilience.
Reflecting on two decades of UPS-cum-Solar Day, Mr. Narayan Sabhahit observes that the celebration is emblematic of the sector’s maturation and endurance. As Techser Power itself traverses a distinguished 37-year journey, he perceives in Softdisk a parallel evolution from a niche publication to an authoritative repository of industry insights and a trusted reference point for discerning stakeholders.
On the impact of Softdisk’s annual rankings and awards, Mr. Sabhahit notes that they have become nothing short of the Oscars of the Indian UPS-cum-Solar industry a distinction that bestows immense pride and recognition upon the recipients. By institutionalizing benchmarks of quality, fostering healthy competitiveness, and reinforcing credibility, these accolades have not only honored excellence but have also indelibly shaped the sector’s growth narrative.
 Better Power Services Pvt. Ltd., headquartered in Guwahati and helmed by Mr. Swarup Paul, has observed the UPS-cum-Solar sector entering an era of substantive efflorescence, propelled by concomitant imperatives of reliability and sustainability. Mr. Paul avers that India’s burgeoning energy appetite, coupled with episodic grid frailties in certain geographies, has rendered integrated UPS-Solar architectures not merely desirable but de rigueur for enterprises and households seeking uninterrupted, cost-efficient, and cleaner power. He contends that the industry’s trajectory has been steered by a concatenation of forces: salutary governmental incentives and policy thrusts that favor renewable adoption; precipitous declines in the cost of photovoltaic modules and advanced storage chemistries; an emergent corporate zeitgeist of ESG accountability; and technological accretions such as hybrid inverters and lithium-ion integration that materially enhance system efficacy. Notwithstanding this sanguine outlook, Mr. Paul is candid about structural headwinds the onerous upfront capex that deters smaller consumers, lacunae in standardized quality and after-sales networks across semi-urban and rural precincts, and the exigent problem of battery end-of-life management which demands systematic recycling protocols. He advocates for the proliferation of innovative financing conduits, localized service arsenals, and intensified R&D to prolong battery longevity and attenuate lifecycle costs. Tempering exuberance with realism, he projects a measured yet resilient compound annual growth in the vicinity of 10–11% over the near term, a cadence that will allow consolidation of gains while enabling deeper penetration into Tier-II and Tier-III markets as hybrid solutions become progressively mainstream and indispensable to India’s self-reliant energy ambitions.
On the occasion of two decades of UPS-cum-Solar Day and the thirty-third iteration of the SD Awards, Mr. Paul extols the salutary role of Softdisk in catalyzing industry cohesion and credibility. He regards these commemorations as more than ceremonial markers; they are archival milestones that chronicle the sector’s metamorphosis from a backup-centric utility to an integral pillar of India’s sustainable infrastructure. Softdisk, he observes, has functioned as the indispensable adhesive a veritable glue that binds manufacturers, practitioners, policymakers and customers by benchmarking excellence, disseminating erudite market analysis, and creating platforms for peer learning and accountability. He singles out the painstaking stewardship and perspicacity of Dr. Sai Krishnan, whose indefatigable commitment has rendered the annual UPS-cum-Solar Day and SD Awards enduring institutions. For Better Power, the recognition conferred by these observances not only amplifies market confidence but also underwrites the company’s resolve to innovate, scale indigenous manufacturing and further the Atma Nirbhar Bharat credo.
 According to Mr. Suresh Kumar K S, CEO of Bangalore-based Taniesh Technologies, the UPS-cum-Solar segment has transformed from a niche backup solution into a mainstream power alternative over the last five years. With industries, institutions, and even households seeking resilience, sustainability, and lower grid dependency, hybrid systems are now driving double-digit market growth, expected to sustain at 10–15% annually.
Government incentives, falling solar costs, and rising demand for uninterrupted uptime in IT, healthcare, education, and manufacturing have fueled this momentum. Rapid advances in lithium-ion batteries, modular UPS architectures, and IoT-enabled monitoring are further enhancing reliability, efficiency, and customer trust. Data centers, hospitals, and smart campuses are emerging as institutional growth drivers, while residential adoption is gaining traction as financing becomes more flexible.
Challenges remain particularly high upfront investment, limited service networks in Tier-2 and Tier-3 cities, and the need for stronger standardization. Mr. Suresh emphasizes that financing innovations, better lifecycle management, and faster adoption of next-gen battery technologies will be pivotal in scaling hybrid adoption. At Taniesh Technologies, the focus is on reducing lifecycle costs, improving serviceability, and offering flexible deployment models. As the company celebrates two decades of UPS-cum-Solar Day, Mr. Kumar reflects on the journey from UPS as a backup tool and solar in its infancy, to their convergence today as indispensable, sustainable, and future-ready power solutions.
“In the end, it is not just about power backup,” he notes, “but about shaping a sustainable energy ecosystem.”
He also acknowledges Softdisk's role as the industry's binding force, whose rankings and awards have created benchmarks, credibility, and motivation for continuous innovation.
 Headquartered in Bangalore, under the leadership of Mr. Y B Suresh, Total Power Conditioners Pvt. Ltd. is witnessing the convergence of two powerful growth engines India's booming solar industry and the rising demand for UPS systems. Significant cost reductions in solar plant installations, combined with progressive government incentives, are fueling adoption, while industrial expansion continues to drive the UPS sector. Together, they are shaping a strong ecosystem for sustainable and reliable power solutions.
India is fast emerging as a global supplier of industrial and defence technologies, supported by robust infrastructure investments and rising domestic consumption. This environment creates immense opportunities for UPS and solar players to innovate and compete on a global scale. However, challenges persist. The sector still relies heavily on imported products and raw materials solar cells, controllers, switching devices, copper, and lead despite ongoing efforts to scale up local manufacturing. To reduce dependency and strengthen domestic SMEs, greater investment in R&D, advanced manufacturing technologies, and infrastructure is essential. By fostering innovation, India can not only achieve self-reliance but also establish itself as a major exporter in the global clean energy and UPS markets.
Government initiatives such as lower GST slabs and continued support for industrial growth are expected to sustain momentum in both the short and long term, reinforcing confidence across sectors.
Platforms like UPS-cum-Solar Day further energize the industry by bringing stakeholders together, driving collaboration, and inspiring shared progress. Softdisk's recognition and awards continue to play a vital role in motivating excellence, building trust, and fostering unity across the industry.
 According to Mr. R.K. Bansal, Managing Director of Uniline Energy Systems, the company is moving towards stability and scaling . we believe the over all industry growth to be around 10% to 11% for FY 2024-25, it will be out with Softdisk coming out with its survey. We anticipate a strong growth trajectory in the energy systems sector, telecom , fuelled by technological advancements and a heightened focus on infrastructure development. Uniline Energy is strategically positioned to capitalize on this growth by leveraging its expertise in providing efficient power solutions. In 25-26 we expect growth not less than 50 percent . Our goal is to make a significant contribution to the industry's expansion while upholding the highest standards of quality and innovation.
The emphasis on three-phase online UPS systems and the "Atma Nirbhar Bharat" initiative is indeed promising. The 'Make in India' initiative, along with the Production-Linked Incentive (PLI) support for deserving sectors, has significantly boosted manufacturing. The increasing number of industries has led to a substantial rise in demand for UPS systems, particularly regenerative UPS units. Uniline plans to further enhance local manufacturing and broaden its customer base through customized products. Building strong partnerships and a robust distribution network is integral to our strategy, allowing us to connect with more customers and provide tailored solutions, he laments.
Speaking on green energy and renewable sources are essential pillars for a sustainable future. He says Uniline acknowledges the significance of environmental responsibility and expects a substantial boost in sales with the launch of PM Sarvodaya Yojana. With over one crore rooftop installations India is committed to eco-friendly solutions. Uniline actively participate in projects related to solar power and other sustainable technologies.
Softdisk plays a crucial role as a bridge between companies and customers, fostering collaboration and knowledge sharing within the industry. To further enhance this role, Softdisk could consider organizing industry-specific forums and conferences that bring together stakeholders from various sectors. This would create a platform for meaningful discussions, idea exchange, and networking opportunities. By acting as the cohesive force that binds the industry together, Softdisk can significantly contribute to driving innovation, growth, and cooperation.
 Thrissur based Hykon India Limited, headed by Managing Director Mr. Christo George Hhas diversified in to lots os Solar and Battery Energy Storage options.
In an era defined by rapid technological transformation and the global pursuit of sustainable energy solutions, the company has emerged as a frontrunner by positioning itself strategically at the convergence of power electronics and clean energy innovation. At the heart of its offerings lies a comprehensive portfolio of Smart Power Control Unit (SPCU) solutions, meticulously engineered to address the entire spectrum of requirements be it on-grid configurations, hybrid frameworks, or off-grid deployments. This versatility not only caters to conventional industries and households but also extends to the evolving automotive sector, where the demand for reliable, efficient, and intelligent energy systems is accelerating at an unprecedented pace.
The company's forward-looking vision has found its strongest expression in its focus on Lithium-Ion Phosphate (LiFePO) batteries, a technology that has now become the cornerstone for advanced Battery Energy Storage Systems (BESS). These solutions are instrumental in bridging the gap between intermittent renewable generation and consistent energy demand, thereby redefining the very architecture of tomorrow's energy networks. With this in mind, the organization has not merely embraced BESS as a passing trend but has instead invested heavily in both BESS and GRESS technologies, ensuring its readiness to meet global expectations with world-class precision and reliability.
The scope for such transformative solutions is nothing short of immense. As industries, institutions, and communities across the world gravitate towards decarbonization, electrification, and digitalization, the need for robust storage technologies is expanding exponentially. By channeling significant resources into research, innovation, and scalable deployment, the company has secured a distinctive edge that places it well ahead of competition.
With a legacy of excellence, a commitment to innovation, and an unwavering belief in a sustainable future, the organization stands at the cusp of extraordinary growth. Indeed, a bright and illustrious future lies ahead, not only for the company but for the countless communities and industries it will empower in the years to come.
Hykon is happy to announce the inauguration of our new state of art factory for Lithium Battery pack and Electric vehicles, which was inaugurated by Mr. P Rajeev, Industry Minister of Govt. of Kerala on 15th September. For your information, we are also attaching the photo of our new factory and some of the photos of company inauguration.
SD awards and annual ranking is a great inspiration for Hykon to look forward to achieving bigger targets. SD has fostered healthy competition and encourages continuous improvement. For Hykon, being a consistent recipient of this awards has not only validated our efforts, but also inspired us to push the boundaries and lead with integrity. SD awards have helped Hykon to build public confidence, and elevate the brand name of Hykon in solar and UPS segments.
CONCLUSION :
Companies should be ready to target potentially high-growth segments with the right quality products to maximize benefits. Strong service support and effective market penetration will be crucial, As some may struggle to keep pace. Softdisk urges manufacturers not to undercut prices in an attempt to increase top-line. revenue but to concentrate on profitability by enhancing the bottom line.
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