Mv Electrosystems Limited
817.15
INR
-49.20
(-5.68%)
Mv Electrosystems Limited
NSE:MVELECTRO
(National Stock Exchange of India)
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- MV Electrosystems Limited is an India-based engineering and manufacturing company that designs, develops, fabricates, and integrates specialized electrical, power electronics, and interconnect systems primarily for the railway transportation industry. The company operates through dedicated product divisions focused on rolling stock systems, traction power conversion, train control automation, and electrical infrastructure. Its core product portfolio comprises propulsion systems, including insulated-gate bipolar transistor (IGBT)-based three-phase traction converters, auxiliary converters, traction motors, and traction transformers for electric locomotives; train control and monitoring electronics, including vehicle control units (VCUs), train control and management systems (TCMS), and driver display units (DDUs); power distribution and control equipment, including high-voltage switchgear panels, low-voltage control cubicles, battery chargers, and auxiliary power panels for passenger coaches and Electric Multiple Units (EMUs); cable protection and interconnect solutions, including prefabricated wiring harnesses, flexible conduits, cable glands, fire-retardant conduit systems, and customized cable assemblies engineered for harsh operating environments; and railway infrastructure equipment, including overhead electrification (OHE) auto fault locator systems and trackside electrical sub-assemblies. In addition to hardware manufacturing, the company offers full-lifecycle engineering services, including embedded hardware and software development, prototype testing, systems integration, and on-site commissioning. MV Electrosystems primarily serves Indian Railways and its production units, such as Chittaranjan Locomotive Works (CLW) and Integral Coach Factory (ICF), along with rolling stock original equipment manufacturers (OEMs) and defense contractors. Founded in 2009 and converted to a public limited company in November 2021, the company is headquartered in Faridabad, Haryana, India, and operates manufacturing and research and development facilities located across Faridabad and Palwal in the National Capital Region. In recent developments, MV Electrosystems completed its initial public offering (IPO) in August 2026, raising INR 290 crore through a fresh issue of equity shares and listing on the National Stock Exchange of India (NSE) under the ticker symbol MVELECTRO and the Bombay Stock Exchange (BSE). Capital raised from the offering has been allocated to expand manufacturing and testing capacities at its Haryana facilities, scale production of high-capacity IGBT-based propulsion systems, and execute ongoing developmental orders for next-generation locomotive power electronics under the Make in India initiative.