Genus Power Infrastructure

What Genus Power Infrastructure does

Genus Power Infrastructures Limited is a publicly listed Indian smart metering and power infrastructure company headquartered in Jaipur, Rajasthan, founded in 1994 as part of the Kailash Group. The company manufactures electronic energy meters and operates as an Advanced Metering Infrastructure Service Provider (AMISP) under the DBFOOT (Design, Build, Finance, Own, Operate, Transfer) model, financing, deploying, and operating smart metering systems for state electricity distribution companies across nine Indian states under the government's Revamped Distribution Sector Scheme (RDSS), which targets 250 million smart meters nationally. It holds multiple first-in-India certifications including DLMS (2007), STS (2009), SABS (2011), and BIS certification for gas meters.

The company's product portfolio spans smart electricity meters under the SAKSHAM series (single-phase SAKSHAM-145, three-phase SAKSHAM-345, LTCT, HTCT), STS-certified prepayment meters, distribution transformer and open-access meters, smart gas meters (SKG16), ultrasonic water meters (Salil), net meters for rooftop solar prosumers, and communication infrastructure including cellular modems, RF gateways, and optical probes. Its software stack comprises the Head-End System (HES) for AMI orchestration, Meter Data Management System (MDMS Urja+), workforce management tools, prepaid vending software, and consumer mobile applications. Six manufacturing facilities with combined annual capacity exceeding 18 million meters and 996,000 sq ft of integrated manufacturing area support deployments spanning 26+ million meters globally. R&D is DSIR-recognized since 2002, with NABL-accredited testing laboratories and CMMI Level 3 process maturity.

Revenue is generated through three streams: AMISP service contracts under DBFOOT with developer margins of approximately Rs 70 per meter per month over 10-year periods, directly earning recurring platform revenue; direct smart meter sales to utilities and OEM arrangements with other AMISP players; and Engineering Construction & Contracts (ECC) covering substations up to 420kV, transmission and distribution lines, and rural electrification projects. Capital structure is anchored by a USD 2 billion partnership with Singapore sovereign wealth fund GIC and USD 49.5 million DFC financing, both targeted at AMISP deployment scaling. FY26 revenue reached Rs 4,821 crore (+90% YoY) with PAT of Rs 592 crore (+90% YoY), against an order book of approximately Rs 25,000-28,000 crore providing multi-year revenue visibility.

Name

Genus Power Infrastructure

Legal name

Genus Power Infrastructures Limited

Website

https://genuspower.com/

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Genus Power Infrastructures is a Jaipur-headquartered publicly listed manufacturer and Advanced Metering Infrastructure Service Provider deploying smart electricity, gas, and water meters to India's state DISCOMs under RDSS contracts.

Ownership category

akta.pro rank

Product category

Smart Energy Metering

NAICS

Electric Power Transmission, Control, and Distribution (22112)

SIC

Electrical Industrial Apparatus (3620)

akta.pro primary industry

Advanced Metering Infrastructure (AMI) & Smart Metering (EUADAPAB)

akta.pro secondary industries

AMI Smart Meters (Electric) & Meter Hardware (EUADAFAA), Head-End Systems (HES) & AMI Network Management (EUADAFAC), Service Renewals, Relocations & Upgrades (Capacity/Pressure Changes) (EUAJACAB), Metering & Grid Measurement (Smart Meters, CT/VT, PQ Meters) (IMAGAAAH)

Keywords

• Smart metering solutions
• Advanced metering infrastructure
• Electricity meter manufacturing
• AMISP services
• Power distribution infrastructure

Headquarters

HQ city

Jaipur

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. AMISP Service Contracts: Revenue from operating as Advanced Metering Infrastructure Service Provider under DBFOOT model. Genus finances, implements, and operates smart metering systems for utilities, receiving monthly service charges over 10-year contract periods. Platform revenues expected to grow as order book executes.
2. Smart Meter Manufacturing and Sales: Sale of smart meters, electricity meters, gas meters, and water meters to utilities, AMISPs, and through OEM arrangements. Manufacturing capacity of 18+ million meters annually across six facilities.
3. Engineering Construction and Contracts (ECC): Turnkey power projects including sub-station erection, transmission/distribution lines, and rural electrification under EPC contracts. Historical projects valued from Rs 3.65 crore to Rs 265 crore.
4. International Expansion: Expansion into smart gas and water meters for international markets including US and Australia/New Zealand, targeting demand from AI and data centers

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Genus Power Infrastructure manufactures and supplies smart electricity, gas, and water meters, and operates as an Advanced Metering Infrastructure Service Provider (AMISP) under the DBFOOT model. The company designs, builds, finances, owns, and operates end-to-end smart metering projects for state distribution utilities (DISCOMs), while also offering the underlying Head End System (HES), Meter Data Management System (MDMS), and communication platforms. It additionally executes turnkey power infrastructure projects including substations, transmission/distribution lines, and rural electrification.

Product overview

Genus Power Infrastructure offers a comprehensive portfolio of metering and smart grid solutions spanning electricity, gas, and water across consumer, commercial, industrial, and utility segments. The core offering consists of smart electricity meters (SAKSHAM series with single-phase, three-phase, LTCT, and HTCT variants), prepayment meters with STS certification, distribution transformer meters (SAMPOORNA), open access/grid meters (SAMAGRA ABT), residential/commercial meters (SHIKHAR, KOHINOOR), and net meters (SUGAM, Net Meter Shikhar) for solar prosumers. The company has expanded into smart gas metering (SKG16 smart and diaphragm meters with g-Setu MIU) and ultrasonic smart water meters (Salil). Software and platform offerings include MDMS Urja+ for meter data management, Head-End System (HES) for AMI operations, Work Force Management (WFM), Base Computer Software (BCS), Smart Meter Mobile App, and Prepaid Vending Software. The company operates as an Advanced Metering Infrastructure Service Provider (AMISP) under the DBFOOT model, providing end-to-end smart metering deployment services. Supporting infrastructure includes communication devices (Cellular Modem, Communication Module, Gateway, Optical Probe) and smart city solutions (Smart Group Metering, Smart Street Light Management). Engineering Construction & Contracts (ECC) division offers turnkey power projects including substations and transmission lines.

Differentiator

Problem solved

Functional benefit

Products and services

• SAKSHAM Smart Meters Smart electricity meters for residential, commercial, and industrial applications, including single-phase (SAKSHAM-145) and three-phase (SAKSHAM-345, SAKSHAM-340 LTCT/HTCT) variants with communication capability for AMI integration.
• Smart Prepayment Meters (STS Certified) Prepayment electricity meters enabling consumers to pay for electricity in advance, with STS-certified secure prepayment functionality.
• SAMPOORNA Distribution Transformer Meter Three-phase four-wire AC static direct connected meter for distribution transformer metering, enabling monitoring of voltage, current, power, and energy at transformer level.
• SAMAGRA ABT Meter Three-phase four-wire AC HT CT-PT energy meter designed for open access and grid applications, supporting time-of-use tariffs and energy accounting.
• SHIKHAR Residential/Commercial Meters Single-phase (SHIKHAR-100) and three-phase (SHIKHAR-300) static whole current meters for residential, commercial, and industrial applications, offering multi-functional and multi-tariff capabilities.
• KOHINOOR LTCT/HTCT Meters Compact three-phase four-wire CT-operated meters (KOHINOOR LTCT and HTCT) for commercial and industrial applications requiring current transformer operation.
• SUGAM Net Meter Net metering solution for prosumers with rooftop solar installations, enabling bi-directional energy flow measurement; includes SUGAM 1P and SUGAM 3P variants.
• Smart Gas Meter G1.6 (SKG16) Smart gas meter with cellular/RF communication capability, offering high functionality, low power consumption, and reliability for utility gas metering.
• Smart Water Meter Salil Static ultrasonic smart water meter for accurate measurement of water volume in domestic and commercial applications, featuring cellular/RF communication, water leakage detection, reverse detection, and up to 15-year battery life.
• MDMS Urja+ Comprehensive Meter Data Management System for collection, processing, and management of utility meter data with data validation, estimation, editing, asset management, prepaid module support, and integration with billing and analytics systems.
• Head-End System (HES) Unified web application platform for managing data and communication with AMR and AMI meters, providing real-time monitoring, prepayment functionalities, FOTA updates, and integration with third-party systems.
• Advanced Metering Infrastructure Service Provider (AMISP) End-to-end AMI services under DBFOOT (Design, Build, Finance, Own, Operate, Transfer) model; Genus finances, implements, and operates smart metering projects for utilities, earning monthly service charges over 10-year contract periods.
• IntelliLog G-Setu (Gas MIU) Smart AMR-RF Meter Interface Unit for gas meter retrofitting; uses Cellular/RF communication and RF walk-by technology to collect readings and communicate consumption data to HES platforms.
• IntelliLog Intelligent Data Logger Smart device enabling utilities to digitize mechanical water meters by converting volumetric consumption into communication data points; compatible with PR6/PR7, HRI Sensor, and Cyble Sensor.
• Turnkey Power Projects (Engineering Construction & Contracts) Engineering, construction, and contracts services including substations up to 420kV, transmission/distribution lines up to 400kV, and rural electrification projects under EPC contracts.
• Smart Group Metering IT-enabled metering system with data analysis for grouped metering applications in housing societies and commercial complexes.
• Smart Street Light Management System Automated street light management solution for smart cities, enabling remote monitoring and control of public lighting infrastructure.
• Hybrid Solar Inverter (MaxiLion ESS Series, GTI X-1/X-2, Hi-Flo Hybrid, MaxiLife V2/Flexion M Pro) Hybrid solar inverter product line for residential and commercial users, including MaxiLion ESS Series, GTI X-1 and X-2 Series, Hi-Flo Hybrid Series, and MaxiLife V2/Flexion M Pro variants.
• Hybrid Microcircuits (HMC) Custom-made thick film hybrid microcircuit modules for specialized applications, including conductors, resistors, and dielectrics.

Quantifiable outcome

• FY26 revenue of Rs 4,821 crore representing 90% YoY growth
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Partnerships

Six partnerships are on record, tiered minor, strategic and core.

• IIT KharagpurminorStrategic or Co-development Partner · 1 January 2026Technology collaboration for hybrid solar inverter development and air purification vehicle technology using fine mist technology.
• Simba Industries (Nigeria)minorChannel Partner/ Reseller/ Distributor · 1 November 2025Distribution partnership for launching solar inverters and lithium-ion battery systems in Nigeria.
• Panasonic IndiastrategicStrategic or Co-development Partner · 1 January 2024Strategic partnership announced at Electronica India 2024 for smart metering and energy solutions technology collaboration.
• Tata Power DDLstrategicStrategic or Co-development Partner · 1 January 2021MoU signed to provide education and training related to AMI deployment.
• Vodafone IdeacoreTechnology or Integration · 1 January 2019Strategic partnership for India's first Narrowband-IoT (NB-IoT) setup for AMI, enabling cellular-based smart meter communication infrastructure.
• Powergrid CorporationstrategicStrategic or Co-development Partner · 1 January 2018Setting up of Advanced Metering Infrastructure (AMI) Lab at Smart Grid Knowledge Centre of Powergrid Corporation at Manesar, Gurgaon.

Scale indicators18 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Kamstrup: Danish provider of smart metering solutions for electricity, heat, water and gas; comparable to Genus's electricity + water + gas strategy with strongholds in Europe rather than India.
• EDMI (Osaki Electric): Asia-Pacific smart metering specialist offering electricity, gas and water metering solutions; overlaps with Genus's product portfolio across meters and AMI software, primarily across Southeast Asia and Oceania.
• Aclara Technologies (Hubbell): North American AMI and smart infrastructure solutions provider for electric, gas and water utilities; overlaps with Genus's AMI stack and DBFOOT-style service offerings in a different geography.

Direct peers

• HPL Electric & Power: Listed Indian manufacturer of electronic energy meters, smart meters, and switchgear competing directly with Genus in India's DISCOM and AMISP tender market under RDSS.
• Secure Meters: India-headquartered smart metering and AMI solutions provider with overlapping electricity, gas and water metering products targeting utilities and AMISPs, directly comparable to Genus's product portfolio.

Broad incumbents

• Landis+Gyr: Global leader in AMI smart metering solutions for utilities, with a much broader international footprint; competes with Genus in cross-border AMI opportunities and represents the global benchmark for AMI platforms.
• Itron: Global AMI and smart infrastructure provider serving electric, gas and water utilities; comparable to Genus's end-to-end AMI stack but with deeper international presence and broader software analytics.
• Larsen & Toubro (L&T): Diversified Indian engineering and EPC conglomerate with a smart metering and AMI business line; competes with Genus in large utility tenders and rural electrification projects as part of a much wider portfolio.
• Schneider Electric: Global energy management and automation major with a significant smart metering and grid software portfolio; competes with Genus in utility digitalization but addresses a far broader set of customer needs.
• Honeywell: Global industrial conglomerate with smart metering, energy management and grid analytics offerings as part of its broader portfolio; competes with Genus in large utility digitalization programs but as part of a much larger business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/genuspower
• Facebookfacebook.com/genuspower
• LinkedInlinkedin.com/company/genus-power-infrastructures-ltd
• Instagraminstagram.com/genuspower

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries13 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Genus Power Infrastructure