About Hitachi Energy India Limited
Data last updated: 14 July 2026
Hitachi Energy India Limited is a public limited company based in Bengaluru, Karnataka, India, a subsidiary of Hitachi Energy Ltd. It specialises in clean energy solutions, a part of the broader environmental services sector. Incorporated on 19 February 2019, the company has been in operation for over 7 years.
Registered with ROC Bangalore under CIN L31904KA2019PLC121597. Listed on BSE: 543187 and NSE: POWERINDIA.
Capital: an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.91 Cr. Formerly known as Abb Power Products and Systems India Limited. It is led by directors including Ismo Antero Haka and Nuguri Venu.
Last AGM: 20 August 2025. Financial statements filed for year ended 31 March 2025. Office: 8Th Floor Brigade Opus 70/401 Kodigehalli Main Road, Bengaluru, Karnataka, India – 560092.
As per NSE-filed standalone financials for FY 2026, the company reported a revenue of ₹8,147.71 Cr, a growth of 27.61% compared to the previous year. The net worth stands at ₹5,175.96 Cr (up 22.82% YoY). Total assets are valued at ₹12,044 Cr (up 39.83% YoY).
The company has a workforce of approximately 2,929 employees as per the latest available data. It operates as a subsidiary of Hitachi Energy Ltd.
For more details, the company can be reached via its website hitachienergy.com.
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Registered Address8Th Floor Brigade Opus 70/401 Kodigehalli Main Road, Bengaluru, Karnataka, India – 560092
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IndustryEnvironment, Clean Energy Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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CIN History of Hitachi Energy India Limited
Hitachi Energy India Limited has one previous CIN (Corporate Identification Number): U31904KA2019PLC121597. The current CIN is L31904KA2019PLC121597, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31904KA2019PLC121597 | Current |
| U31904KA2019PLC121597 | Previous |
Business Activity of Hitachi Energy India Limited
Hitachi Energy India Limited is engaged in the principal business activity of manufacturing, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details for Hitachi Energy India Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
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Auditor Details of Hitachi Energy India Limited
Hitachi Energy India Limited is audited by S.R. Batliboi & Associates LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| S.R. Batliboi & Associates LLP (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Hitachi Energy India Limited
Hitachi Energy India Limited is currently managed by 6 directors, with 8 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ismo Antero Haka | Director | 25 Feb 2021 | 5 Years 6 Months | Current |
| Nuguri Venu | Managing Director | 02 Dec 2019 | 6 Years 8 Months | Current |
| Mukesh Hari Butani | Director | 24 Dec 2019 | 6 Years 8 Months | Current |
| Akila Krishnakumar | Director | 24 Dec 2019 | 6 Years 8 Months | Current |
| Jan Niklas Persson | Director | 20 Aug 2025 | 1 Years 0 Months | Current |
| Meena Ganesh | Director | 24 May 2023 | 3 Years 3 Months | Current |
Financials of Hitachi Energy India Limited FY 2026 filings available
Hitachi Energy India Limited reported revenue of ₹8,147.71 Cr (up 27.61% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹8,147.71 Cr | ₹6,384.93 Cr | ₹5,237.49 Cr | ₹4,468.51 Cr | ₹3,420.44 Cr |
| Other Income | ₹239.92 Cr | ₹57.17 Cr | ₹9.29 Cr | ₹15.14 Cr | ₹18.5 Cr |
| Total Income | ₹8,387.63 Cr | ₹6,442.1 Cr | ₹5,246.78 Cr | ₹4,483.65 Cr | ₹3,438.94 Cr |
| Cost of Materials Consumed | ₹4,618.48 Cr | ₹3,546.11 Cr | ₹3,108.6 Cr | ₹2,721.24 Cr | ₹1,726.62 Cr |
| Purchases of Stock-in-Trade | ₹103.01 Cr | ₹143.4 Cr | ₹87.59 Cr | ₹85.61 Cr | ₹97.69 Cr |
| Changes in Inventories | -₹148.59 Cr | ₹5.96 Cr | ₹22.91 Cr | -₹95.89 Cr | -₹63.73 Cr |
| Employee Benefit Expense | ₹642.76 Cr | ₹544.76 Cr | ₹490.15 Cr | ₹417.29 Cr | ₹369.41 Cr |
| Finance Costs | ₹12.78 Cr | ₹45.24 Cr | ₹46.55 Cr | ₹40.09 Cr | ₹20.44 Cr |
| Depreciation & Amortisation | ₹104.25 Cr | ₹91.35 Cr | ₹90.01 Cr | ₹80.16 Cr | ₹77.17 Cr |
| Other Expenses | ₹1,679.78 Cr | ₹1,548.89 Cr | ₹1,179.27 Cr | ₹1,104.33 Cr | ₹1,039.56 Cr |
| Total Expenses | ₹7,012.47 Cr | ₹5,925.71 Cr | ₹5,025.08 Cr | ₹4,352.83 Cr | ₹3,267.16 Cr |
| Profit Before Exceptional Items & Tax | ₹1,375.16 Cr | ₹516.39 Cr | ₹221.7 Cr | ₹130.82 Cr | ₹171.78 Cr |
| Exceptional Items | -₹54.24 Cr | ₹0 | ₹0 | ₹0 | -₹35.5 Cr |
| Profit Before Tax | ₹1,320.92 Cr | ₹516.39 Cr | ₹221.7 Cr | ₹130.82 Cr | ₹136.28 Cr |
| Total Tax Expense | ₹333.08 Cr | ₹132.41 Cr | ₹57.92 Cr | ₹36.92 Cr | ₹36.48 Cr |
| Net Profit | ₹987.84 Cr | ₹383.98 Cr | ₹163.78 Cr | ₹93.9 Cr | ₹99.8 Cr |
| Other Comprehensive Income | ₹75 Lakh | -₹4.42 Cr | -₹4.81 Cr | ₹1.74 Cr | -₹6.04 Cr |
| Total Comprehensive Income | ₹988.59 Cr | ₹379.56 Cr | ₹158.97 Cr | ₹95.64 Cr | ₹93.76 Cr |
| EBITDA (computed) | ₹1,492.19 Cr | ₹652.98 Cr | ₹358.26 Cr | ₹251.07 Cr | ₹269.39 Cr |
| Basic EPS | ₹221.63 | ₹90.36 | ₹38.64 | ₹22.16 | ₹23.55 |
| Diluted EPS | ₹221.63 | ₹90.36 | ₹38.64 | ₹22.16 | ₹23.55 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹12,044 Cr | ₹8,613.32 Cr | ₹4,707.37 Cr | ₹3,918.51 Cr |
| Non-current Assets | ₹1,685.83 Cr | ₹1,032.34 Cr | ₹878.62 Cr | ₹846.65 Cr |
| Current Assets | ₹10,358 Cr | ₹7,580.98 Cr | ₹3,828.75 Cr | ₹3,071.86 Cr |
| Property, Plant & Equipment | ₹812.46 Cr | ₹683.7 Cr | ₹662.55 Cr | ₹680.45 Cr |
| Inventories | ₹1,485.04 Cr | ₹925.71 Cr | ₹887.94 Cr | ₹817.9 Cr |
| Trade Receivables | ₹1,913.26 Cr | ₹2,109.58 Cr | ₹1,521.71 Cr | ₹1,527.77 Cr |
| Cash & Equivalents | ₹4,689.17 Cr | ₹3,806.55 Cr | ₹128.04 Cr | ₹163.19 Cr |
| Equity (Net Worth) | ₹5,175.96 Cr | ₹4,214.11 Cr | ₹1,359.87 Cr | ₹1,215.31 Cr |
| Equity Share Capital | ₹8.92 Cr | ₹8.92 Cr | ₹8.48 Cr | ₹8.48 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 | ₹150 Cr | ₹275 Cr |
| Total Debt (computed) | ₹0 | ₹0 | ₹150 Cr | ₹275 Cr |
| Current Liabilities | ₹6,692.57 Cr | ₹4,318.63 Cr | ₹3,291.15 Cr | ₹2,654.38 Cr |
| Total Liabilities | ₹6,867.76 Cr | ₹4,399.21 Cr | ₹3,347.5 Cr | ₹2,703.2 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Operating Cash Flow | ₹1,244.83 Cr | ₹1,493.77 Cr | ₹252.31 Cr | ₹5.37 Cr |
| Investing Cash Flow | -₹271.36 Cr | -₹109.99 Cr | -₹88.72 Cr | -₹11.77 Cr |
| Financing Cash Flow | -₹90.85 Cr | ₹2,294.73 Cr | -₹198.74 Cr | ₹83.69 Cr |
| Capital Expenditure | ₹509.2 Cr | ₹128.13 Cr | ₹89.36 Cr | ₹11.94 Cr |
| Free Cash Flow (computed) | ₹735.63 Cr | ₹1,365.64 Cr | ₹162.95 Cr | -₹6.57 Cr |
| Dividends Paid | ₹26.65 Cr | ₹16.89 Cr | ₹14.35 Cr | ₹12.66 Cr |
| Net Change in Cash | ₹882.62 Cr | ₹3,678.51 Cr | -₹35.15 Cr | ₹77.29 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,754.05 Cr | ₹2,082.21 Cr | ₹1,832.55 Cr | ₹1,478.9 Cr | ₹1,883.68 Cr | ₹1,620.27 Cr | ₹1,553.74 Cr | ₹1,327.24 Cr | ₹1,695.28 Cr | ₹127.42 Cr | ₹1,227.95 Cr | ₹1,040.06 Cr |
| Other Income | ₹57.37 Cr | ₹85.8 Cr | ₹82.6 Cr | ₹50.94 Cr | ₹38.17 Cr | ₹52.11 Cr | ₹9 Lakh | ₹9 Lakh | ₹3.92 Cr | ₹22.2 Lakh | ₹21 Lakh | ₹2.94 Cr |
| Total Income | ₹2,811.42 Cr | ₹2,168.01 Cr | ₹1,915.15 Cr | ₹1,529.84 Cr | ₹1,921.85 Cr | ₹1,672.38 Cr | ₹1,553.83 Cr | ₹1,327.33 Cr | ₹1,699.2 Cr | ₹127.64 Cr | ₹1,228.16 Cr | ₹1,043 Cr |
| Cost of Materials Consumed | ₹1,586.28 Cr | ₹1,281.41 Cr | ₹985.5 Cr | ₹765.29 Cr | ₹1,028.29 Cr | ₹926.53 Cr | ₹831.62 Cr | ₹759.67 Cr | ₹1,039.71 Cr | ₹76.13 Cr | ₹719.09 Cr | ₹588.5 Cr |
| Purchases of Stock-in-Trade | ₹20.56 Cr | ₹24.34 Cr | ₹28.61 Cr | ₹29.5 Cr | ₹23.28 Cr | ₹57.92 Cr | ₹47.27 Cr | ₹14.93 Cr | ₹19.04 Cr | ₹1.98 Cr | ₹25.03 Cr | ₹23.74 Cr |
| Changes in Inventories | ₹39.57 Cr | -₹116.46 Cr | -₹34.39 Cr | -₹37.31 Cr | ₹55.73 Cr | -₹82.98 Cr | ₹18.31 Cr | ₹14.9 Cr | ₹29.88 Cr | -₹90,000 | ₹2.53 Cr | -₹9.41 Cr |
| Employee Benefit Expense | ₹174.05 Cr | ₹167.7 Cr | ₹155.69 Cr | ₹145.32 Cr | ₹144.43 Cr | ₹140.72 Cr | ₹136.96 Cr | ₹122.65 Cr | ₹140.44 Cr | ₹12.14 Cr | ₹116.62 Cr | ₹111.67 Cr |
| Finance Costs | ₹3.44 Cr | ₹2.53 Cr | ₹2.86 Cr | ₹3.95 Cr | ₹5.99 Cr | ₹11.97 Cr | ₹16.39 Cr | ₹10.89 Cr | ₹11.2 Cr | ₹1.37 Cr | ₹10.67 Cr | ₹10.97 Cr |
| Depreciation & Amortisation | ₹26.86 Cr | ₹26.56 Cr | ₹25.82 Cr | ₹25.01 Cr | ₹23.48 Cr | ₹22.99 Cr | ₹22.83 Cr | ₹22.05 Cr | ₹22.52 Cr | ₹2.27 Cr | ₹22.5 Cr | ₹22.26 Cr |
| Other Expenses | ₹517.31 Cr | ₹379.91 Cr | ₹398.15 Cr | ₹421.2 Cr | ₹393.98 Cr | ₹411.17 Cr | ₹409.84 Cr | ₹367.19 Cr | ₹284.24 Cr | ₹30.38 Cr | ₹299.35 Cr | ₹291.89 Cr |
| Total Expenses | ₹2,368.07 Cr | ₹1,765.99 Cr | ₹1,562.24 Cr | ₹1,352.96 Cr | ₹1,675.18 Cr | ₹1,488.32 Cr | ₹1,483.22 Cr | ₹1,312.28 Cr | ₹1,547.03 Cr | ₹124.26 Cr | ₹1,195.79 Cr | ₹1,039.62 Cr |
| Profit Before Exceptional Items & Tax | ₹443.35 Cr | ₹402.02 Cr | ₹352.91 Cr | ₹176.88 Cr | ₹246.67 Cr | ₹184.06 Cr | ₹70.61 Cr | ₹15.05 Cr | ₹152.17 Cr | ₹3.38 Cr | ₹32.37 Cr | ₹3.38 Cr |
| Exceptional Items | ₹0 | -₹54.24 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹443.35 Cr | ₹347.78 Cr | ₹352.91 Cr | ₹176.88 Cr | ₹246.67 Cr | ₹184.06 Cr | ₹70.61 Cr | ₹15.05 Cr | ₹152.17 Cr | ₹3.38 Cr | ₹32.37 Cr | ₹3.38 Cr |
| Total Tax Expense | ₹112.89 Cr | ₹86.36 Cr | ₹88.55 Cr | ₹45.28 Cr | ₹62.78 Cr | ₹46.68 Cr | ₹18.32 Cr | ₹4.63 Cr | ₹38.51 Cr | ₹1.08 Cr | ₹7.63 Cr | ₹97 Lakh |
| Net Profit | ₹330.46 Cr | ₹261.42 Cr | ₹264.36 Cr | ₹131.6 Cr | ₹183.89 Cr | ₹137.38 Cr | ₹52.29 Cr | ₹10.42 Cr | ₹113.66 Cr | ₹2.3 Cr | ₹24.74 Cr | ₹2.41 Cr |
| Other Comprehensive Income | -₹1.31 Cr | ₹2.3 Cr | ₹1.77 Cr | -₹2.01 Cr | -₹80 Lakh | -₹60 Lakh | -₹4.4 Cr | ₹1.38 Cr | -₹1.59 Cr | ₹2 Lakh | -₹2.62 Cr | -₹80 Lakh |
| Total Comprehensive Income | ₹329.15 Cr | ₹263.72 Cr | ₹266.13 Cr | ₹129.59 Cr | ₹183.09 Cr | ₹136.78 Cr | ₹47.89 Cr | ₹11.8 Cr | ₹112.07 Cr | ₹2.32 Cr | ₹22.12 Cr | ₹1.61 Cr |
| EBITDA (computed) | ₹473.65 Cr | ₹431.11 Cr | ₹381.59 Cr | ₹205.84 Cr | ₹276.14 Cr | ₹219.02 Cr | ₹109.83 Cr | ₹47.99 Cr | ₹185.89 Cr | ₹7.02 Cr | ₹65.54 Cr | ₹36.61 Cr |
| Basic EPS | ₹74.14 | ₹58.65 | ₹59.31 | ₹29.53 | ₹43.15 | ₹32.41 | ₹12.34 | ₹2.46 | ₹26.82 | ₹5.42 | ₹5.84 | ₹0.57 |
| Diluted EPS | ₹74.14 | ₹58.65 | ₹59.31 | ₹29.53 | ₹43.15 | ₹32.41 | ₹12.34 | ₹2.46 | ₹26.82 | ₹5.42 | ₹5.84 | ₹0.57 |
Shareholding Pattern of Hitachi Energy India Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 71.31%, foreign institutional investors hold 11.68%, domestic institutional investors hold 6.95%, retail and other public shareholders hold 10.06% of Hitachi Energy India Limited. The company had 90,555 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 71.31% | 71.31% | 71.31% | 71.31% | 71.31% | 75.00% |
| Public | 28.69% | 28.69% | 28.69% | 28.69% | 28.69% | 25.00% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|---|---|
| Promoters | 71.31% | 71.31% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| Public | 28.69% | 28.69% | 25.00% | 25.00% | 25.00% | 24.99% | 25.00% |
| Promoter change (YoY, %pts) | +0.00 | -3.69 | +0.00 | +0.00 | +0.00 | +0.00 | - |
Board & Governance of Hitachi Energy India Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Hitachi Energy India Limited has 6 directors - 3 independent and 1 executive. The board is chaired by ISMO ANTERO HAKA.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| MUKESH HARI BUTANI | Non-Executive - Independent Director | 2019-12-24 | 6 |
| AKILA KRISHNAKUMAR | Non-Executive - Independent Director | 2019-12-24 | 4 |
| MEENA GANESH | Non-Executive - Independent Director | 2023-05-24 | 5 |
| NUGURI VENU | Executive Director · CEO-MD | 2019-12-02 | 1 |
| ISMO ANTERO HAKA | Non-Executive - Non Independent Director · Chairperson | 2021-02-25 | 1 |
| JAN NIKLAS PERSSON | Non-Executive - Non Independent Director | 2025-08-20 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | MUKESH HARI BUTANI (Chairperson), AKILA KRISHNAKUMAR, MEENA GANESH, NUGURI VENU |
| Nomination and remuneration committee | AKILA KRISHNAKUMAR (Chairperson), MUKESH HARI BUTANI, JAN NIKLAS PERSSON |
| Stakeholders Relationship Committee | MEENA GANESH (Chairperson), MUKESH HARI BUTANI, NUGURI VENU, ISMO ANTERO HAKA |
| Risk Management Committee | MUKESH HARI BUTANI (Chairperson), MEENA GANESH, ISMO ANTERO HAKA, NUGURI VENU, AJAY SINGH |
| Corporate Social Responsibility Committee | AKILA KRISHNAKUMAR (Chairperson), NUGURI VENU, JAN NIKLAS PERSSON |
| Environmental Social and Governance Committee | MEENA GANESH (Chairperson), AKILA KRISHNAKUMAR, NUGURI VENU, JAN NIKLAS PERSSON |
Charges & Borrowings Hitachi Energy India Limited
Hitachi Energy India Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Hitachi Energy India Limited
Hitachi Energy India Limited has a workforce of 2,929 employees as of Dec 09, 2024.
Employee and EPFO history for Hitachi Energy India Limited
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GST Compliance of Hitachi Energy India Limited
GST registrations and filing compliance for Hitachi Energy India Limited
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Credit Ratings, Litigation & Regulatory Alerts for Hitachi Energy India Limited
Credit ratings, litigation, and regulatory alerts for Hitachi Energy India Limited
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MSME Payment Delays by Hitachi Energy India Limited
MSME payment history for Hitachi Energy India Limited
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Subsidiaries & Group Companies of Hitachi Energy India Limited
Corporate group structure for Hitachi Energy India Limited
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MCA Filings & Documents of Hitachi Energy India Limited
MCA filings and documents for Hitachi Energy India Limited
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Recent Activity on Hitachi Energy India Limited
Recent News on Hitachi Energy India Limited
Frequently Asked Questions about Hitachi Energy India Limited
Hitachi Energy India Limited is an active public limited company in the environment sector based in Bengaluru, Karnataka, India. It was incorporated on 19 February 2019 (7+ years old) and is registered under CIN L31904KA2019PLC121597. Listed on BSE: 543187 and NSE: POWERINDIA. The company has 2,929 employees.
Hitachi Energy India Limited reported revenue of ₹8,147.71 Cr for FY 2026 (up 27.61% YoY) based on standalone NSE filings.
The current directors of Hitachi Energy India Limited are:
- Ismo Antero Haka - Director
- Nuguri Venu - Managing Director
- Mukesh Hari Butani - Director
- Akila Krishnakumar - Director
- Jan Niklas Persson - Director
- Meena Ganesh - Director
The primary industry of Hitachi Energy India Limited is environment. The company specifically operates in clean energy solutions. The company is currently active in this sector.
Yes. Hitachi Energy India Limited is listed on both BSE (code: 543187) and NSE (symbol: POWERINDIA).
Hitachi Energy India Limited can be reached at the registered office: 8Th Floor Brigade Opus 70401 Kodigehalli Main Road, Bengaluru, Karnataka, India – 560092, or through the website hitachienergy.com.