- CEO
- Lalit Seth
- Full Time Employees
- 2,825
- Sector
- Electronic technology
- Industry
- Electronic equipment/Instruments
- Address
- 76-B, Phase-IV Sonipat HA India 131028
- IPO Date
- Oct 4, 2016
- Business
- HPL Electric & Power Limited HPL Electric & Power Limited manufactures and supplies a wide range of electrical equipment in India, operating across key verticals including metering solutions such as electronic energy meters and smart meters; switchgears encompassing low-voltage switchgear, circuit breakers, distribution boards, and controlgear; LED lighting products; wires and cables like PVC, XLPE, and fire-resistant variants; solar solutions featuring panels, inverters, and lighting systems; and modular switches with home automation capabilities including intelligent switches, dimmers, and sensors. The company maintains backward-integrated manufacturing facilities for product design, component production, and assembly, supported by multiple state-of-the-art plants in locations such as Kundli, Haryana, and Gurgaon; it serves diversified customers in residential, commercial, industrial, and utility sectors primarily within India through an extensive network of over 900 dealers, 90 branches, and 85,000 retailers. Founded in 1992 and headquartered in Noida, Uttar Pradesh, HPL Electric & Power Limited holds certifications including ISI, CE, KEMA, ISO 9001, 14001, and 45001, with a proven track record exceeding four decades in the electrical industry. Recent developments include a strategic memorandum of understanding with Guangxi Ramway Technology Co. Ltd. for advanced magnetic latching relays to enhance metering efficiency; inauguration of a new automated smart meter assembly line at the Gurgaon facility; receipt and amendment of a Rs 92 crore smart meter order from Energy Efficiency Services Limited; renewal of partnership with kabaddi champions Haryana Steelers for the third year to boost wires brand visibility; and reporting 22.5% revenue growth with 40% EBITDA increase in Q1 FY25 alongside a Rs 3,700 crore order book pipeline.