HBL Power Systems

Hyderabad, India Founded: 1977 • Age: 49 yrs Listed
Manufacturers of batteries and DC power systems

About HBL Power Systems

HBL Power Systems is a publicly listed company based in Hyderabad (India) founded in 1977. The company has 7,310 employees. Its website hbl.in draws about 28 thousand monthly visits. Its Indian entity Hbl Engineering Limited reported revenue of β‚Ή3,378 Cr. Its focus areas include Energy, Energy Storage, Battery and Multi Chemistry.

Company details

Manufacturers of batteries and DC power systems. It is one of the largest indigenous power system developer in India with expertise in battery manufacturing and power electronics. The company manufactures lead-acid batteries, lithium based batteries, silver-zinc, nickel-cadmium and other forms of batteries required for aerospace, defense, industrial and other commercial purpose. Apart from batteries, it provides rectifiers, chargers, BMS, Concrete products and other offgrid solar systems.

Recognitions & Rankings of HBL Power Systems

India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#446
Valuation
₹8,057 Cr
  • Headquarters Hyderabad, India
  • Employees 7,310
  • Stage Public
  • Sectors
    Energy & Utilities
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website hbl.in
  • Social LinkedIn X Facebook
  • Legal Name Hbl Engineering Limited
Operational Areas
Key Metrics
  • Market Cap
    ₹22,350 Cr

    HBLENGINE · NSE

  • Share Price
    ₹808.55

    +0.28% today

  • Revenue
    ₹3,303 Cr

    FY 2025-26 · +67.9% YoY

  • EBITDA
    ₹1,082 Cr

    Margin 32.8%

  • Net Profit
    ₹838 Cr

    FY 2025-26 · +201.8% YoY

  • P/E (TTM)
    38.2x

    P/B 8.9x

  • ROE
    44.1%

    ROCE 55.1%

  • Debt / Equity
    0.04

    Interest cover 1.4x

  • Latest Funding Round
    $27.55M (USD), Post-IPO

    Feb 2013

  • Investors
  • Employee Count
    7,310

Funding Insights of HBL Power Systems

  • Total Rounds 1
  • Last Round Post-IPO β€” $27.55M
  • First Round $27.55M

    (Feb 2013)

  • Investors Count 2

All 1 funding rounds of HBL Power Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Feb 2013$27.55MPost-IPO––
Valuation history

2 investors in total: 2 institutional.

Investors in HBL Power Systems

HBL Power Systems has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Oman India Joint Investment Fund and BanyanTree Finance.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
oijif.com
banyantreefinance.com
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Investor details for HBL Power Systems

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Board of directors of Hbl Engineering Limited (HBL Power Systems)

Hbl Engineering Limited is the primary company behind HBL Power Systems. The boards of the 5 registered companies of HBL Power Systems currently have 12 directors; the longest-serving is Srinath Satyanarayana Subramanya Mikkilineni, appointed in 2006. 37 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Srinath Satyanarayana Subramanya Mikkilineni
DIN 00319175
Director29 Aug 200620 yrs 2 moNaval Systems And Technologies Private Limited, Torquedrive Technologies Private Limited, Hbl Engineering Limited
Arvind Sharma
DIN 01483101
Whole-time director01 Jun 200719 yrs 5 moNaval Systems And Technologies Private Limited
Aluru Jagadish Prasad
DIN 00057275
Managing Director01 Jun 200818 yrs 5 moHbl Engineering Limited
Kumar Mylavarapu Venkata Satya Subramanya
DIN 02730929
Director01 Apr 201016 yrs 7 moScil Infra Con Private Limited
Kavita Prasad Aluru
DIN 00319292
Director15 Jun 201115 yrs 4 moNaval Systems And Technologies Private Limited, Torquedrive Technologies Private Limited, Hbl Tonbo Private Limited, Hbl Engineering Limited
Venkata Sriram Karipineni
DIN 00073911
Director07 Feb 20188 yrs 9 moHbl Engineering Limited
Richa Datta
DIN 08084501
Director15 Mar 20188 yrs 7 moHbl Engineering Limited
Prabhakar Murthy Nittla
DIN 08095279
Director30 Mar 20188 yrs 7 moScil Infra Con Private Limited
Kondangi Lakshmikumar Arvind
DIN 02261469
Director12 Sep 20224 yrs 2 moHbl Tonbo Private Limited
Deeksha Mikkilineni
DIN 10267611
Director11 Aug 20233 yrs 3 moHbl Engineering Limited
Narsing Rao Singayapally
DIN 00800362
Director07 Feb 20242 yrs 9 moHbl Engineering Limited
Aparna Surabhi
DIN 01641633
Director27 May 20242 yrs 5 moHbl Engineering Limited

People of HBL Power Systems

24 people are tracked at HBL Power Systems (9 in leadership, 15 in team); the tracked headcount is 7,310.

NameRoleGroup
Managing DirectorLeadership
Jai Desai
Regional Head - GujaratLeadership
Ravi Prattipati
Additional General ManagerLeadership
Bob Herritty
Executive Director International BusinessLeadership
Syed Junaid Ghouse
General Manager - International BusinessLeadership
Rajaiah Katipalli
Manufacturing HeadLeadership
Rama Prasad N
Sr.manager - Tubular Gel VRLA Battery (operations Head)Leadership
Pradeep Kongalla
General ManagerLeadership
Hari Shankar Medipally
Head Of Supply Chain ManagementLeadership
Saiisarran Konaanki
InternshipTeam
Raghavendra Singh
Business ManagerTeam
Phanikishore Burra
Manager Of OperationsTeam
Brijesh Kumar
Field Services EngineerTeam
Vamsi Krishna
Senior Design EngineerTeam
Venkatesh Maddukuri
Hardware BMS Design EngineerTeam
Sai Priya
Assistant ManagerTeam
Ravi Dooda
Senior Executive Human ResourcesTeam
Raghu Ram Gunna
Assistant ManagerTeam
Nicky Koganti
Senior Design EngineerTeam
Pv Ram Kumar
Supply Chain EngineerTeam

4 more people are available in the full profile.

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Complete people profiles for HBL Power Systems

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
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  • Board tenure
  • Professional contacts

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IPO & Listings of HBL Power Systems

HBL Power Systems is a publicly listed company on the NSE with ticker symbol HBLENGINE in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date04 Jan 2007
  • Listed onNSE: HBLPOWER
  • Listed entityHBL Engineering Limited
  • Exchange sectorProducer manufacturing
  • ISININE292B01021
  • Share price₹719.20 (+0.9% on the day) · 2026-10-14
  • Market capitalisation₹19,789 Cr
  • Price to earnings25.5
  • EPS (diluted, trailing year)₹28.16
  • Dividend yield0.42%
  • Volume (last session)769,763

Financials of HBL Power Systems

Exchange-reported figures of Hbl Engineering Limited, the listed company behind HBL Power Systems (NSE: HBLENGINE).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹3,303 Cr
+67.9% YoY
EBITDA
₹1,082 Cr
+176.3% YoY
Profit After Tax
₹838 Cr
+201.8% YoY
Net Worth
₹2,214 Cr
+49.3% YoY
Total Assets
₹2,420 Cr
+51.4% YoY
Total Debt
₹66.87 Cr
-10.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,3031,9672,2331,3691,2369121,092
Revenue growth+67.9%-11.9%+63.2%+10.7%+35.5%-16.5%-
EBITDA1,08239239514813060.6374.77
EBITDA margin+32.8%+19.9%+17.7%+10.8%+10.5%+6.7%+6.9%
Profit before tax1,09237437713012219.4240.09
Net profit83827830297.6485.8117.1023.00
Net profit margin+25.4%+14.1%+13.5%+7.1%+6.9%+1.9%+2.1%
EPS (β‚Ή)29.409.9910.133.563.390.500.95
Balance sheet
Total assets2,4201,5981,3201,040930854936
Net worth2,2141,4831,221951866782773
Total debt66.8774.2967.4686.0262.6169.94161
Cash & bank55214323514610568.2474.93
Net working capital1,365766772628556490588
Cash flow
Cash from operations73824727012262.47121149
Cash from investing(214)(320)(137)(49.71)(16.77)(32.02)(5.73)
Cash from financing(113)(33.37)(42.27)9.56(22.32)(104)(114)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue8726386048741,223602476451
Revenue growth (YoY)-28.7%+6.0%+27.0%+94.0%+134.7%+15.7%--
Other income35.2720.5613.0310.5415.7819.646.831.54
EBITDA23014771.3530152018978.4093.52
EBITDA margin+26.4%+23.0%+11.8%+34.5%+42.5%+31.4%+16.5%+20.8%
Depreciation13.2512.4314.6412.2912.1611.5410.9111.19
Interest6.315.412.292.593.466.353.694.65
Profit before tax24614967.4529752019170.6379.22
Tax60.0538.5412.2779.5313348.6718.3120.83
Net profit18611155.1821838714252.3258.39
EPS (β‚Ή)6.953.952.327.9513.965.161.662.31
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,2521,9462,2091,3501,2229091,077
Revenue growth+67.1%-11.9%+63.6%+10.5%+34.4%-15.6%-
EBITDA1,07139038814412661.5372.66
EBITDA margin+32.9%+20.0%+17.6%+10.7%+10.3%+6.8%+6.8%
Profit before tax1,06836235512611819.4437.64
Net profit82026828594.5281.4018.0920.92
Net profit margin+25.2%+13.8%+12.9%+7.0%+6.7%+2.0%+1.9%
EPS (β‚Ή)28.749.659.523.453.230.530.87
Balance sheet
Total assets2,3311,5601,2941,039935863942
Net worth2,1721,4581,205956872793783
Total debt55.1562.5555.7581.4860.6467.44158
Cash & bank53713723214410367.3773.95
Net working capital1,326763771631566504600
Cash flow
Cash from operations71323528512260.98113147
Cash from investing(200)(310)(146)(48.25)(16.84)(24.26)(2.85)
Cash from financing(110)(32.78)(47.49)8.41(21.81)(103)(114)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue8636205978641,203588460455
Revenue growth (YoY)-28.3%+5.4%+29.9%+90.0%+131.2%+15.0%--
Other income27.9220.4312.2810.6015.8619.657.451.53
Total expenses636481525563690402383360
EBITDA22713972.0130051418577.1495.04
EBITDA margin+26.3%+22.4%+12.1%+34.8%+42.7%+31.6%+16.8%+20.9%
Depreciation12.6111.7213.8911.7011.5710.9410.6510.63
Interest6.065.142.052.313.186.053.374.34
Profit before tax23614268.3529751518870.5781.60
Tax57.8936.9911.1879.2013248.4019.2920.12

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue8726386048741,223602476451
Revenue growth (YoY)-28.7%+6.0%+27.0%+94.0%+134.7%+15.7%--
Other income35.2720.5613.0310.5415.7819.646.831.54
EBITDA23014771.3530152018978.4093.52
EBITDA margin+26.4%+23.0%+11.8%+34.5%+42.5%+31.4%+16.5%+20.8%
Depreciation13.2512.4314.6412.2912.1611.5410.9111.19
Interest6.315.412.292.593.466.353.694.65
Profit before tax24614967.4529752019170.6379.22
Tax60.0538.5412.2779.5313348.6718.3120.83
Net profit18611155.1821838714252.3258.39
EPS (β‚Ή)6.953.952.327.9513.965.161.662.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,3031,9672,2331,3691,2369121,092
Revenue growth+67.9%-11.9%+63.2%+10.7%+35.5%-16.5%-
Other income75.4039.5135.6423.6134.8712.3128.27
Total expenses2,2211,5761,8381,2201,1068511,017
Employee cost20216013910796.3181.4289.56
EBITDA1,08239239514813060.6374.77
EBITDA margin+32.8%+19.9%+17.7%+10.8%+10.5%+6.7%+6.9%
Depreciation50.6344.1941.2635.4635.0838.8140.75
Interest14.6913.0212.946.557.4814.7122.20
Profit before tax1,09237437713012219.4240.09
Tax27797.3796.4331.3628.695.7013.87
Net profit83827830297.6485.8117.1023.00
Net profit margin+25.4%+14.1%+13.5%+7.1%+6.9%+1.9%+2.1%
EPS (β‚Ή)29.409.9910.133.563.390.500.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital27.7227.7227.7227.7227.7227.7227.72
Reserves & surplus2,1871,4551,193924838754745
Shareholders' funds (net worth)2,2141,4831,221951866782773
Minority interest(0.76)(0.42)(0.68)0.000.010.000.00
Secured loans8.6425.0740.3349.4031.0628.57126
Unsecured loans58.2349.2227.1336.6231.5541.3735.22
Total debt66.8774.2967.4686.0262.6169.94161
Total liabilities2,4201,5981,3201,040930854936
Assets
Gross block964898817756695710745
Net block441397354320265279304
Capital work in progress12768.1820.4050.0981.3342.8626.96
Investments4022901088.737.737.076.06
Inventories562534433336307290304
Sundry debtors646373352312293254305
Cash & bank balances55214323514610568.2474.93
Loans & advances12488.4678.0577.9243.8448.2958.01
Total current assets1,8841,1381,098872748660742
Total current liabilities520372326244192170155
Net working capital1,365766772628556490588
Total assets2,4201,5981,3201,040930854936
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash11722313249.7326.3540.8011.80
Net cash from operating activities73824727012262.47121149
Net cash from investing activities(214)(320)(137)(49.71)(16.77)(32.02)(5.73)
Net cash from financing activities(113)(33.37)(42.27)9.56(22.32)(104)(114)
Net change in cash411(107)91.4582.2823.38(14.45)29.01
Closing cash55214323514610568.2474.93
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+67.9%-11.9%+63.2%+10.7%+35.5%-16.5%-
EBITDA growth+176.3%-1.0%+166.8%+13.9%+114.6%-18.9%-
PBT growth+192.0%-0.8%+190.3%+6.1%+530.2%-51.6%-6.4%
Net income growth+201.8%-8.0%+208.9%+13.8%+401.8%-25.7%-
Revenue CAGR (3Y)+34.1%+16.8%+34.8%+7.8%-0.8%-17.1%-8.3%
EBITDA CAGR (3Y)+94.0%+44.4%+86.8%+25.6%+10.2%-18.9%-16.1%
Profitability & leverage
Net income margin+24.7%+14.1%+12.6%+7.2%+7.6%+1.5%+2.4%
Return on capital employed+55.1%+26.5%+33.0%+13.8%+14.6%+4.4%+5.9%
Return on net worth+44.1%+20.5%+25.8%+10.8%+11.4%+2.2%+3.0%
Debt / equity0.040.050.070.080.080.150.26
Long-term debt / equity0.010.020.030.050.040.020.01
Interest cover1.423.753.655.817.8767.4265.26
Efficiency & per share
Fixed asset turnover3.552.292.841.891.761.251.46
Inventory turnover6.034.075.814.264.143.073.47
Debtors turnover6.485.426.724.534.533.263.27
EPS (β‚Ή)29.409.9910.133.563.390.500.95
Dividend per share (β‚Ή)3.001.000.500.450.400.350.30
Book value per share (β‚Ή)79.8853.4944.0334.3231.2328.2127.88
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue8636205978641,203588460455
Revenue growth (YoY)-28.3%+5.4%+29.9%+90.0%+131.2%+15.0%--
Other income27.9220.4312.2810.6015.8619.657.451.53
Total expenses636481525563690402383360
EBITDA22713972.0130051418577.1495.04
EBITDA margin+26.3%+22.4%+12.1%+34.8%+42.7%+31.6%+16.8%+20.9%
Depreciation12.6111.7213.8911.7011.5710.9410.6510.63
Interest6.065.142.052.313.186.053.374.34
Profit before tax23614268.3529751518870.5781.60
Tax57.8936.9911.1879.2013248.4019.2920.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,2521,9462,2091,3501,2229091,077
Revenue growth+67.1%-11.9%+63.6%+10.5%+34.4%-15.6%-
Other income58.4626.3018.9322.4133.9010.8327.10
Total expenses2,1811,5571,8211,2051,0958471,004
Employee cost24817015010494.9378.6186.81
EBITDA1,07139038814412661.5372.66
EBITDA margin+32.9%+20.0%+17.6%+10.7%+10.3%+6.8%+6.8%
Depreciation48.1042.4439.4134.3134.6738.4340.25
Interest13.5911.7612.426.237.2714.4921.87
Profit before tax1,06836235512611819.4437.64
Tax27194.1691.3830.7928.764.8713.56
Net profit82026828594.5281.4018.0920.92
Net profit margin+25.2%+13.8%+12.9%+7.0%+6.7%+2.0%+1.9%
EPS (β‚Ή)28.749.659.523.453.230.530.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital27.7227.7227.7227.7227.7227.7227.72
Reserves & surplus2,1451,4311,178928844765755
Shareholders' funds (net worth)2,1721,4581,205956872793783
Secured loans0.5116.2031.8547.2930.6327.75125
Unsecured loans54.6446.3523.9034.1930.0139.6932.98
Total debt55.1562.5555.7581.4860.6467.44158
Total liabilities2,3311,5601,2941,039935863942
Assets
Gross block944878789732685708742
Net block427384345317263277301
Capital work in progress12768.1817.9949.2280.6342.8626.96
Investments36626693.258.095.143.453.43
Inventories551521429331302284303
Sundry debtors657386356324308274317
Cash & bank balances53713723214410367.3773.95
Loans & advances12487.6076.6776.0843.3047.9457.84
Total current assets1,8691,1311,094875755673752
Total current liabilities543368322243189169152
Net working capital1,326763771631566504600
Total assets2,3311,5601,2941,039935863942
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash11322113047.8025.4839.829.40
Net cash from operating activities71323528512260.98113147
Net cash from investing activities(200)(310)(146)(48.25)(16.84)(24.26)(2.85)
Net cash from financing activities(110)(32.78)(47.49)8.41(21.81)(103)(114)
Net change in cash402(108)90.6282.1622.32(14.34)30.42
Closing cash53713723214410367.3773.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+67.1%-11.9%+63.6%+10.5%+34.4%-15.6%-
EBITDA growth+175.0%+0.4%+168.7%+14.5%+105.1%-15.3%-
PBT growth+195.3%+1.8%+181.2%+6.9%+507.9%-48.4%-6.0%
Net income growth+205.3%-5.7%+201.0%+16.1%+350.0%-13.5%-
Revenue CAGR (3Y)+34.1%+16.8%+34.4%+7.8%-1.1%-17.1%-8.5%
EBITDA CAGR (3Y)+95.0%+45.6%+84.8%+25.7%+9.7%-18.5%-16.0%
Profitability & leverage
Net income margin+24.5%+13.8%+11.9%+7.1%+7.3%+1.6%+2.2%
Return on capital employed+55.6%+26.2%+31.5%+13.4%+14.0%+4.4%+5.6%
Return on net worth+43.9%+20.1%+24.4%+10.5%+10.7%+2.3%+2.7%
Debt / equity0.030.040.060.080.080.140.25
Long-term debt / equity0.010.010.030.040.030.020.01
Interest cover1.333.393.565.667.9462.7367.48
Efficiency & per share
Fixed asset turnover3.572.332.901.901.751.251.45
Inventory turnover6.074.105.814.274.183.103.46
Debtors turnover6.245.256.504.284.203.083.09
EPS (β‚Ή)28.749.659.523.453.230.530.87
Dividend per share (β‚Ή)3.001.000.500.450.400.350.30
Book value per share (β‚Ή)78.3752.6143.4834.4831.4628.6128.24

Timeline of HBL Power Systems

3 dated milestones of HBL Power Systems across 36 years, from founding to its latest funding, stage changes and deals.

  1. Founded HBL Power Systems is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Funding First funding round of $27.6M.

Web traffic of HBL Power Systems

The website of HBL Power Systems (hbl.in) receives about 28K visits a month.

  • Monthly visits
    28K

    ▼ 26.2% vs previous month

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Top companies in Energy Storage

3 companies that operate in the same segment as HBL Power Systems (Energy Storage) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Batteries and automotive components are manufactured by Amara Raja Group.
1985Hyderabad, Telangana, India
Lithium-ion battery packs for EVs and energy storage are manufactured.
2018Noida, Uttar Pradesh, IndiaUSD 1.5 MUSD 31.66 M8
Automotive batteries and solar products are manufactured by Livguard.
2014Gurugram, Haryana, IndiaUSD 65.14 MUSD 411.14 M1,737
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Frequently Asked Questions about HBL Power Systems

HBL Power Systems was founded in 1977 and raised its 1st funding round 36 years after it was founded.

HBL Power Systems is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.

HBL Power Systems has 7,310 employees.

The primary company behind HBL Power Systems, Hbl Engineering Limited, reported revenue of β‚Ή3,378 Cr for FY 2026, up 68% year on year.

Manufacturers of batteries and DC power systems. It is one of the largest indigenous power system developer in India with expertise in battery manufacturing and power electronics. The company manufactures lead-acid batteries, lithium based batteries, silver-zinc, nickel-cadmium and other forms of batteries required for aerospace, defense, industrial and other commercial purpose. Apart from batteries, it provides rectifiers, chargers, BMS, Concrete products and other offgrid solar systems.

Yes, HBL Power Systems is publicly traded on NSE under the ticker symbol HBLENGINE.

HBL Power Systems has 2 investors. Key investors include Oman India Joint Investment Fund, and BanyanTree Finance.

HBL Power Systems is associated with 5 legal entities: Hbl Engineering Limited, Naval Systems And Technologies Private Limited, Torquedrive Technologies Private Limited and others.

The legal entities of HBL Power Systems currently have 14 directors, including Kavita Prasad Aluru, Srinath Satyanarayana Subramanya Mikkilineni, Arvind Sharma and others.

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