Numeric UPS* bagged the most Prestigious SD's No1. Power Electronics
Company of the year award for the 29th 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 received 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 655.00 crores, a small dip of 25
crores from 680.00 crores it achieved in 2019-20. Numeric is trying hard
to come out the COVID-19 Pandemic setback and trying to be back on track
soon. (*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 was around 711 crores.
Vertiv - Liebert Revenue of over 843 crores was acheived.
Eaton's Power Quality Revenue is around 142 crores. 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.
Hitachi which went for major re-positioning in the last three
financial year by teaming up with Hi-rel 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 done
exceedingly well inspite of having severe Covid conditions in their
Here it is worth mentioning that Govt.'s Right to Information
policy has come good to evaluate the unknown to a certain extent.
Fuji Electric has to under go lots of formalities post acquirement,
as a process took time it was busy completing the process by required by
government & could not concentrate on sales in 2019-20. Had a relatively
a very good year in 2020-2021, the company netted revenues worth INR
484 crores, a growth of 128 crores over previous year an increase of
nearly 36% yet retaining the SD's No. 2 Power Electronic Company of the
year crown. However Fuji Electric Consul's are also the SD's No.2 Online
UPS company of the year with UPS sales amounting to 279.00 crores. All
these makes Fuji Electric Consul's - A high growth company, especially
in the wake of expansion of the already existing unit. Such a massive
performance even during pandemic period speaks volumes about the
Next in the league was the was a company, maintaining its businesses
successfully making it to the 3rd spot in the SD's top 10 club,
Kolkatta based Switching AVO Electro Power Ltd. Switching with a revenue
of 218.32 crores & emerged as SD's No. 3 Power Electronic Company of the
year. Although Switching AVO didn't drop a bit lot due to pandemic but
slightly missed the last years turnover less then a percent. However the
balance sheet suggested increased profits.
Under severe pandemic conditions a turnover of over 200 crores
speaks volumes about the company. Switching AVO are also the SD's No. 4
Online UPS company of the year.
Next in line are the Best Power Equipments (I) Pvt. Ltd. This fiscal
2020-21, BPE netted revenues to the tune of 173.00 crores up from
168.00 crores it netted in 2019-20. A a very good performance in a year
when most companies are showing a dip. As such the
company was crowned SD's No. 4 Power Electronic Company for the year
2020-21. The entire turnover accounted for the sale of online UPSs
making it the SD's No. 3 Online UPS Company of the year.
Next in the league are the Bangalore based Techser Power Solutions
Pvt. Ltd. They were crowned SD's No. 5 Power Electronic Company of the
year. Company's revenue increased by 10.57%. 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, as most companies struggled
during lockdown, Techser reported satisfactory performance as the unlock
started. The company very close to its revenue in the first two quarter
of the coming year. Techser are also the SD's No. 5 Online UPS
Manufacturer of the year 2020-21.
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 106.00 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 123.68 crores, a dip as faced by most
companies because of lockdown considering the average industry growth
too dipped by nearly 2.00%. Company's tagline is to save the bottom
line. For the 3rd consecutive year the company crossed the turnover of
100 crores and that to without compromising on margins speaks volumes
about the quality and acceptance of their products.
Next in line are the Hykon India Limited, a Thrissur, Kerala based
company which jumped two spots to emerge as the SD's No.7 Power
Electronic Company of the year and 81.82 crores as against 72.68 crores
it netted last year, crossing last year's revenue was a result of
diversification. The company has been showing upwards trend ever since
it entered the SD's Top Club. Hykon are also the SD's No.3
Line-interactive UPS Company of the year with 7.50 crores being
generated thru line interactive sales.
Next up are Delhi based Uniline Energy Systems Pvt. Ltd. retained its
claim of SD's No 8 spot in this years SD Rankings too. Uniline netted
revenues to the tune of 66.00 crore. Which is quite a dip as compared to
previous year. Uniline are also the leading Govt. suppliers of UPSs in
the country. Drop in revenues as compared to 2019-20 was not very
significant to displace it from its 8th rank.
(A company dipping by around 20% and still maintaining its rank
are visible sign of dipping industry revenue, however there are
companies have prospered during this period there by this big a dip is
not visible in the overall industry revenue.)
Next in the line were the Arvi systems & Controls Pvt. Ltd. A new
entrant to the SD's Top 10 group. The company registered a revenue of
25.43 crores up from 24.56 crores a growth of nearly 3.54%. Innovative
technology was their key to growth even during pandemic.
Last on list were the new entrant, Guwahati based Better Power
Services Pvt. Ltd. The company grabbed the last spot in the SD's Top 10
Ratings, company netted a turn over of 16.98 crore in 2020-21.
Conclusion: The 2020-21 can be termed as a relatively harsh
year for the SD's Top 10 UPS Companies. Some of the UPS companies grew
however overall industry revenue dropped by nearly 2 percent. All is not
worse when we see the third quarter proceedings of fiscal 2021-22. We
are sure industry revenue was cross 6800 crores by March 2022.
These rankings are limited to the companies responding to our
survey by providing data & also estimated by our team.