HPL Electric & Power Ltd. Market Research Report

1. Company Overview

Name:

• HPL Electric & Power Limited

Mission:

• Improving lives through meaningful innovation. The company aims to provide innovative and best-in-class technology products to domestic as well as international markets.

Founding Details:

• No information is available about the founding year or the founders of the company.

Key People:

• Mr. Lalit Seth - Chairman and Whole Time Director

• Mr. Rishi Seth - Managing Director

• Mr. Gautam Seth - Joint Managing Director & CFO

• Mr. Hargovind Sachdev - Non-Executive Independent Director

• Dr. Rashmi Vij - Non-Executive Independent Director

• Mr. Dhruv Goyal - Non-Executive Independent Director

Headquarters:

• Corporate Office: 76-B, Phase-IV, Sector-57, HSIIDC Industrial Estate, Kundli-131028, Sonipat, Haryana, INDIA.

Number of Employees:

• No information is available.

Revenue:

• Revenue for Q2 FY22: ₹280 Crores; growth of 23% YoY.

Known For:

• Largest market share in electronic energy meters in India during fiscal year 2015.

2. Products

Product Offerings:

• Meters

• Modular Switches

• Switchgear

• Wire & Cables

• Lighting

• Solar Solutions

• Fans

High Level Product Descriptions:

• Meters: Smart metering solutions with features such as robust design, password protection, and parameter setting.

• Modular Switches: Sleek design boasting up to 200,000 operations.

• Switchgear: Includes MCCBs offering overload protection and remote monitoring.

• Lighting: High efficiency LEDs promoting 95% energy savings available in options like LED GLO 9W & 7W.

• Solar Solutions: No specific details available.

• Fans: No specific details available.

Key Features:

• Meters: Smart Meter is BIS certified under 'IS 16444'.

• Modular Switches: Designed for long operations, elegant aesthetics.

• Switchgear: Protects against overloads, features for efficiency in monitoring.

• Lighting: Offers substantial energy savings and optimal light output.

3. Recent Developments

Recent Growth:

• Metering & Consumer (B2C) Segments registered growth of 22% and 20% YoY in Q2 FY22.

• Secured an order worth Rs 178.9 crore for Smart Meters.

Recent Product Launches:

• Launch of HPL KASPER Inverter Lamp in 2020.

• Development of new R&D Center for Smart Meters in November 2020.

New Partnerships:

• No information is available regarding any new partnerships.

New Features Added:

• Recent developments in smart meters include BIS certification.

In summary, HPL Electric & Power Ltd. is a leading electric equipment manufacturer in India, known particularly for its expertise in metering solutions and substantial market position in LED lighting. The company continues to innovate with smart metering solutions and maintain a large international footprint.