Bharat Bijlee Ltd is a leading electrical engineering company in India, established in 1946. It is engaged in the manufacturing of transformers, electric motors, elevator systems, drives, and automation solutions. The company operates through two primary business segments:
- Power Systems: This segment includes the Transformers and Projects divisions, catering to the critical needs of the power sector.
- Industrial Systems: This segment encompasses Electric Motors, Drives & Industrial Automation, and Elevator Systems divisions, serving a broad range of industrial applications.
The company caters to a diverse spectrum of industries and plays a crucial role in building the nation's infrastructure. Its clients include sectors such as power, refineries, steel, cement, railways, machinery, construction, and textiles. Bharat Bijlee also undertakes turnkey projects for switchyards and is well-equipped to provide comprehensive 'concept to commissioning' services. Headquartered in Mumbai, it maintains an extensive sales and service network across India and also serves international markets.
Bharat Bijlee's state-of-the-art manufacturing facilities are located in Airoli, Navi Mumbai, spread across a 1,70,321 square meter campus with approximately 50,000 square meters of working area. The plant boasts a significant production capacity of 18,000 MVA and houses a full-fledged testing laboratory that achieved NABL accreditation in 2014. The company is capable of producing transformers up to 200 MVA and 200 kV (3 phase), serving State Electricity Boards, Utilities, PSUs, various industries, and overseas customers.
This division is a core competency for Bharat Bijlee, specializing in the manufacturing of:
- Power Transformers
- Generator Transformers
- Unit Auxiliary Transformers
- Special Application Transformers
Bharat Bijlee also provides comprehensive turnkey solutions for EHV switchyards, HV and MV substations, Electrical Balance of Plant, Industrial Power Distribution, and Illumination Systems. The company is recognized for its high rate of repeat orders and the 'comfort of ownership' it provides for its transformers.
Bharat Bijlee's journey in motor manufacturing began in 1958, initially in technical collaboration with Siemens. Today, it offers a comprehensive range of motors from 0.12kW to 1250kW, utilized across various industries and applications. Beyond its standard range, the company also manufactures customized motors for specialized applications and MV motors up to 1000 kW.
In the realm of automation and drives technology, Bharat Bijlee provides:
- DC Drives
- Servo system solutions
- A complete suite of industrial automation solutions designed to enhance precision, productivity, and efficiency.
The company's servo systems find application in industries such as Plastics, Textiles, Metals, Packaging, Wind Energy, and Machine Tools. Bharat Bijlee has also partnered with KEB of Germany for the distribution of their Variable Frequency Drives (VFDs). KEB's AC Variable Drives, up to 900 kW, are also manufactured at Bharat Bijlee's plant.
Bharat Bijlee first ventured into the manufacture and installation of elevators under the well-known "Olympus" brand in 1973. In 2004, this business was divested to a subsidiary of Kone Elevators. Leveraging its expertise in motors and automation, the company re-entered the elevator systems business in 2008. It holds the distinction of being the first Indian manufacturer of gearless Permanent Magnet Synchronous Motors (PMSM) for elevators. This advanced technology allows for machine-room-less elevators, offering significant energy savings of up to 30% and requiring relatively low maintenance.
Bharat Bijlee's financial performance for FY25 indicates a steady growth trajectory.
- Full Year FY25: Net profit rose by 1.68% to ₹133.65 crore in the year ended March 2025, compared to ₹131.44 crore in the previous year ended March 2024. Sales increased by 1.56% to ₹1901.69 crore in FY25, up from ₹1872.48 crore in FY24.
- Latest Quarter (Q4 FY25): Net profit grew by 3.67% to ₹50.31 crore in the quarter ended March 2025, compared to ₹48.53 crore in the corresponding quarter of the previous year. Sales saw a rise of 5.38% to ₹619.10 crore in Q4 FY25, from ₹587.47 crore in Q4 FY24.
- Market Cap: ₹3,392.86 Crore (as of 23rd May 2025)
- Revenue (FY25): ₹1,901.69 Crore
- Net Profit (FY25): ₹133.65 Crore
- Dividend: Rs. 35/- per fully paid equity share (700%) for the Financial Year ended March 31, 2025
- P/E Ratio: 25.39
- P/B Ratio: 1.82
ICRA has reaffirmed Bharat Bijlee's credit ratings at AA-(Stable)/A1+, with total limits increased to ₹1260 crore. The company has successfully reduced its debt and is considered to be almost debt-free. Bharat Bijlee has demonstrated robust profit growth, achieving a Compound Annual Growth Rate (CAGR) of 24.6% over the last 5 years.
The company is led by:
- Chairman: Prakash V Mehta
- Managing Director: Nikhil J Danani
Bharat Bijlee's commitment to superior performance, innovation, and customer centricity is evidenced by its receipt of the Forbes Asia Best under a Billion Company award in 2007.
With a rich legacy spanning over seven decades, Bharat Bijlee Ltd embodies the strength and purpose of the Indian industry and its growing international presence. The company remains focused on sustained growth through:
- Expansion of its manufacturing range and capacities.
- Related diversifications into synergistic business areas.
- Foray into new markets via strategic partnerships.
Bharat Bijlee's diverse product portfolio, strong market position in the electrical engineering sector, and unwavering focus on innovation strategically position it for significant future growth opportunities within India's expanding infrastructure and industrial sectors.
