About CG Power and Industrial Solutions Limited

CG Power and Industrial Solutions Limited is an 86-year-old engineering conglomerate headquartered in Mumbai and a leader in the Electrical Engineering Industry. Since November 2020, it has been part of the Murugappa Group. The company operates two business lines—Industrial Systems and Power Systems—supplying Traction Motors, Propulsion Systems and Signalling Relays for Indian Railways, along with a wide range of Induction Motors, Drives, Transformers, Switchgears and allied products for Industrial and Power sectors. It has also forayed into Consumer Appliances, including Fans, Pumps and Water Heaters. CG runs world-class manufacturing plants across 9 locations in India and one in Sweden, supported by a Pan-India network of 5 Regional and 14 Branch offices, and around 3,113 employees . The company serves customers in more than 50 countries across Europe, America, Asia Pacific, Africa and the Middle East, with exports contributing 7% of total turnover.

CG Power and Industrial Solutions Limited Milestone

Key milestones in FY24 included being a debt-free entity, announcing capacity expansions in Motors, Transformers and Switchgear, and committing Rs 220 crores to capex. The company diversified into semiconductors, laying the foundation stone for an OSAT facility in Sanand, Gujarat . CG also highlights a leadership milestone as the first in India to indigenously develop and supply a complete range of high-efficiency motors, including IE5 Ultra-Premium Synchronous Reluctance Motors. As of March 31, 2024, the Group had 13 subsidiaries across India, Europe, North America and Asia, following dissolutions and deconsolidations noted in the consolidated records.

CG Power and Industrial Solutions Limited’s Business Segments

Segment/vertical contribution to turnover (standalone):

• Low Tension Motors & Alternators, Large Motors & Alternators and Traction Motors: 52%

• Power Transformers & Reactors: 17%

• Switchgears: 16%

• Traction Converters and Signalling Equipment: 8%

• Geographical mix (standalone): Exports contribute 7% of turnover; the balance is domestic .

CG Power and Industrial Solutions Limited Key Management

• Vellayan Subbiah – Chairman, Non-Independent Non-Executive Director

• Natarajan Srinivasan – Managing Director (re-appointed till April 30, 2025)

• Susheel Todi – Chief Financial Officer

Sanjay Kumar Chowdhary – Company Secretary and Compliance Officer (appointed w.e.f. May 9, 2023)

Latest Updates on CG Power and Industrial Solutions Limited

• Capacity expansion: Announced expansions across Motors, Transformers and Switchgear; capex commitment of Rs 220 crores in FY24 .

• Semiconductor foray: Entered the semiconductor space; foundation stone laid for an OSAT facility at Sanand, Gujarat .

• Portfolio strength: Recognised as the first in India to indigenously develop and supply a complete range of high-efficiency motors, including IE5 Ultra-Premium Synchronous Reluctance Motors .

• Digital and cybersecurity: Completed a comprehensive cybersecurity risk assessment, including VAPT and Active Directory evaluation, with improved ratings from prior year .

• Corporate action: Sold net assets of CG DE Sub, LLC in the US for USD 10.5 Million on July 14, 2023; recorded a net gain equivalent to Rs 65.39 crores .

• Legal resolution: Entered into an agreement with JCF ARC and made a payment of Rs 42 crores; withdrawal of related legal cases is underway/processed as noted in the secretarial report .

• Recognition: The Managing Director, Natarajan Srinivasan, received the “Transformational Leader Award – Midcap Category” during the year .