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CG Power and Industrial Solutions

#1370

Rank

$12.81B

Marketcap

IN India

Country

CG Power and Industrial Solutions
Leadership team

Mr. Natarajan Srinivasan (MD & Director)

Mr. Susheel P. Todi (Chief Financial Officer)

Dr. Srinivas Ponnaluri (Chief Technology Officer & VP)

Products/ Services
Consumer Electronics, Electronics, Energy, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Mumbai, Maharashtra, India
Established
1937
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
CGPOWER.NS
Social Media
Overview
Location
Summary
CG Power and Industrial Solutions Limited provides various solutions to utilities, industries, and consumers for the management and application of electrical energy in India and internationally. The company operates through Power Systems and Industrial Systems segments. The Power Systems segment offers power and distribution transformers, switchgears, circuit breakers, instrument transformers, lightning arrestors, isolators, and vacuum interrupters. It also undertakes design, products, procurement, construction, erection, and servicing of turnkey transmission and distribution projects, as well as substation projects. The Industrial Systems segment provides motors, AC generators, drives and automation, soft starters and shaft power monitors, heat exchanger drives with switched reluctance motors, domestic and commercial fans, traction electronics and traction machines for railway transportation, railway signaling equipment, and stampings and laminations, as well as residential, agricultural, and specialty pumps. It also offers services and refurbishment of large rotating machines. The company was formerly known as Crompton Greaves Limited and changed its name to CG Power and Industrial Solutions Limited in February 2017. CG Power and Industrial Solutions Limited was incorporated in 1937 and is headquartered in Mumbai, India.
History

Col. R. E. B. Crompton founded R.E.B. Crompton & Company in 1878. The company was merged with F.A. Parkinson in 1927 to form Crompton Parkinson Ltd. Greaves Cotton and Company, established by James Greaves in 1859, was appointed as their concessionaire in India.The company was incorporated on 28 April 1937 as Crompton Parkinson Work Private Limited. In 1947, it was acquired by Karam Chand Thapar of Thapar Group. The company went public in 1960 and changed its name to Crompton Greaves Limited in 1966.The company in Cold War era collaborated with the USSR and the Eastern Bloc for technology transfer of new electrical technologies.

In July 2014, Crompton Greaves Limited announced plans to demerge the company in order to separate its consumer goods business from the power and industrial systems segment. The demerger was completed in 2016 with the listing of Crompton Greaves Consumer Electricals Limited and Gautam Thapar selling his 34% stake in CGCEL to Advent International and Temasek Holdings for ? 2,000 crore.In January 2017, Crompton Greaves changed its name from Crompton Greaves Limited to CG Power and Industrial Solutions Limited.In August 2019, CG Power and Industrial Solutions reported that its employees had carried out unauthorised transactions resulting in an "understatement of the company's liabilities" by thousands of crores in the previous financial year.In September 2020, Murugappa Group's Tube Investments acquired a 56% stake in CG Power and Industrial Solutions for ? 700 crore.

Mission
To bring trust, technology and scale to the needs of our customers.
Vision
To be the undisputed leader in our domain
Key Team

Mr. Purushothaman Varadarajan (Company Sec. & Compliance Officer)

Mr. Kunal Dhawan (Chief Marketing Officer)

Mr. Aniruddha Khekale (Exec. VP of HR)

Mr. N. Ramesh Kumar (Pres of Industrial Division)

Mr. Jean-Michel Aubertin (EVP, Member of International Board & CEO of International Power Bus.)

Claes Bjareholt (Chief Exec. Officer of Drives & Automation Sweden)

Ranjan Singh (Exec. VP of Railway Division)

Recognition and Awards
CG Power won the Award for Excellence in Product innovation by Indian Power Sector in the Year 2017.
References
CG Power and Industrial Solutions
Leadership team

Mr. Natarajan Srinivasan (MD & Director)

Mr. Susheel P. Todi (Chief Financial Officer)

Dr. Srinivas Ponnaluri (Chief Technology Officer & VP)

Products/ Services
Consumer Electronics, Electronics, Energy, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Mumbai, Maharashtra, India
Established
1937
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
CGPOWER.NS
Social Media