The Company has been a pioneer in its leadership position of application of electrical energy. CG Power and Industrial Solutions has world-class manufacturing plants across 9 locations in India and one in Sweden with around 3,100 employees. It has been the supplier of high quality, 'Smart' electrical, industrial and consumer products and solutions across the world over. It's unique and diverse portfolio ranges from Induction Motors, Drives, Transformers, Switch gears and other allied products for the Industrial and Power sectors as well as Traction Motors, Propulsion systems and Signal Relays for the Indian Railways.
Recently, the company has also made a foray into the business of Consumer Appliances (Fast Moving Electrical Goods) such as Fans, Pumps and Water Heaters in the vast domestic market.
The company's portfolio has been structured into two business lines-Industrial Systems (including Motors, Railways and Fast Moving Consumer Goods) and Power Systems. For the second quarter of FY25, CG Power and Industrial Solutions posted sales of 2270 crores and profit before tax of 298 crores showing a growth of 19% y-o-y.
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