What we do Accord Transformer & Switchgear Ltd designs, manufactures, and supplies transformers, control panels, and distribution equipment for power transmission, renewable energy, industrial, infrastructure, and EV sectors. |
Founded in 2,014 |
Market share Emerging player focusing on diverse power equipment with growing market presence in India through advanced manufacturing capabilities. |
Problem solved Addresses power transmission reliability, renewable energy integration, and industrial power distribution needs with robust, tested electrical products. |
Top clients or who we serve Serves power utilities, renewable energy companies, industrial sectors, infrastructure developers, and electric vehicle charging network providers (B2B). |
Key management - |
Our journey and innovations Founded in 2014, expanded product portfolio and manufacturing capacity with advanced machinery, pursuing IPO for growth capital. |
Where we operate Mainly India, manufacturing facilities in Bhiwadi, Rajasthan; serving domestic power and industrial sectors. |
Top products or what we offer Distribution transformers, power transformers, dry-type transformers, package substations, LV and MV control panels, vacuum circuit breaker panels. |
Top brands - |
Raw materials needed Electrical steel, copper, insulating materials, steel sheets, and electrical components for transformers and panels. |
Raw materials supplier Not disclosed; sourced from domestic and possibly international suppliers. |
Recurring vs cyclical contribution Revenue primarily driven by project orders, with some recurring service and supply contracts. |
Our industry position Growing mid-tier manufacturer in Indian power equipment sector with diversified product portfolio and manufacturing expertise. |
Financial highlights FY 2023-24 revenue of Rs. 50.5 crore with net profit Rs. 1.62 crore; growth from prior year indicating steady financial progress. |
Geographical revenue split - |
Order book - |
Whats driving growth Expanding renewable energy and industrial infrastructure projects in India drive demand; technology upgrades and product expansion support growth. |
Our future plans Planning an IPO to raise capital; aims to expand manufacturing capacity and broaden product offerings in power equipment sector. |
Our green promise - |
Our people and values Committed to safe work environment and compliance with workplace harassment policies; fostering employee dedication and organization culture. |
Key challenges ahead Competition from established players, scaling manufacturing efficiently, and managing supply chain risks remain key challenges. |
Interesting facts Operates two advanced manufacturing plants with comprehensive in-house testing labs; rapidly growing since inception. |
Risks and strategy Risk management practices in place; no critical risks threatening business continuity identified; strategic focus on product quality and market expansion. |
