FLOVEL Energy

What FLOVEL Energy does

FLOVEL Energy Private Limited is a three-generation, family-owned manufacturer of hydraulic turbines and electro-mechanical equipment for small and medium hydropower plants, headquartered in Faridabad, India, with manufacturing operations in Palwal, Haryana. Founded in 1972, the company designs and produces Pelton, Francis, Kaplan, and Axial Flow turbines for projects up to 100 MW per unit, alongside valves manufactured through its TB HYDRO FLOVEL joint venture with TB HYDRO of Poland. FLOVEL delivers water-to-wire packages covering turbines, generators, control systems, switchyard equipment, and digital plant automation through its in-house iNDUS ecosystem, with model testing performed to IEC 60193 standards at IIT Roorkee.

The company sells exclusively through direct enterprise field sales to hydropower developers, independent power producers, and state electricity boards, executing custom-engineered projects on multi-year contract cycles. It has delivered 330+ projects and 730+ turbine units across 15 countries, with deep repeat-customer penetration in Vietnam (40 commissioned projects, 675 MW cumulative), Nepal (21 projects), and Indonesia (12 projects, 69.67 MW). Its RenServ business unit, established in 2016, addresses the installed base with renovation, modernization, and upgradation services across a portfolio of 48 projects and 2,960 MW, creating an aftermarket layer atop new equipment sales.

Revenue is generated primarily through one-time equipment supply contracts supplemented by professional services for erection, commissioning, and renovation work, plus ongoing spare parts and aftermarket support. The company employs 350+ people, operates with no external institutional shareholders, and maintains a Great Place To Work certification. Customer concentration skews toward a small set of large repeat buyers and government utilities, while geographic concentration in South and Southeast Asia is being progressively diversified through selective entry into Japan, Bhutan, Turkey, and Armenia.

Name

FLOVEL Energy

Legal name

FLOVEL Energy Private Limited

Website

https://flovel.net

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

251–500 employees

Short description

FLOVEL Energy is a family-owned Indian manufacturer of hydraulic turbines (Pelton, Francis, Kaplan, Axial) and water-to-wire electro-mechanical packages for small and medium hydropower plants up to 100 MW, serving IPPs, developers, and state electricity boards across 15 countries via direct enterprise sales, with an in-house digital plant automation platform (iNDUS) and a dedicated RenServ renovation business.

Ownership category

akta.pro rank

Product category

Hydropower Equipment Manufacturing

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336)

SIC

Engines & Turbines (3510), Motors & Generators (3621)

akta.pro primary industry

Hydroelectric Turbines & Governors (IMAHAFAD)

akta.pro secondary industries

Hydropower Turbines, Generators & Balance-of-Plant Equipment Manufacturing (EUAMAHAF), Turbines, Generators & Hydromechanical Equipment Manufacturing (OEMs) (EUACAEAH), Hydropower Operations, Maintenance & Refurbishment (R&M/Life Extension) (EUACAEAG)

Keywords

• Hydropower turbine manufacturing
• Water-to-wire solutions
• Hydropower equipment supply
• Turbine renovation services
• Small medium hydropower

Headquarters

HQ city

Faridabad

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hydropower Equipment Manufacturing & Supply: Design, manufacturing, and supply of hydraulic turbines (Pelton, Francis, Kaplan, Axial), generators, valves, control systems, and switchyard equipment on water-to-wire basis. Revenue is generated through project-based equipment contracts.
2. Erection, Testing & Commissioning Services: Supervision services for installation, testing, and commissioning of hydropower equipment. Services included with equipment supply or as standalone contracts.
3. RenServ - Renovation, Modernisation & Upgradation: Renovation, modernization and upgradation services for existing hydropower plants to improve performance, efficiency and reliability. Includes reverse engineering, residual life analysis, and upgrading plant automation.
4. Spare Parts & Aftermarket Services: Spare parts management and ongoing support services for installed hydropower plants.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

FLOVEL Energy designs, manufactures, and supplies hydraulic turbines (Pelton, Francis, Kaplan, Axial Flow), generators, valves, control systems, and switchyard equipment for small and medium hydropower plants up to 100 MW units on a water-to-wire basis. The company also delivers erection, testing, and commissioning services alongside renovation, modernization, and upgradation (RenServ) of existing hydropower plants, and provides an in-house digital ecosystem (iNDUS) for plant automation and remote monitoring.

Product overview

FLOVEL Energy is a single-source supplier and integrator of all components for hydropower plants, offering a comprehensive portfolio of turbine products (Pelton, Francis, Kaplan, and Axial Flow turbines), valves, and related equipment. The company provides complete solutions through four main offerings: Small & Medium Hydro (hydropower plants up to 100 MW), RenServ (renovation and modernization services), iNDUS (intelligent digital ecosystem for automation and monitoring), and Plant Automation (digital governor and SCADA systems). The portfolio is rounded out with a full range of valves manufactured through its TB Hydro FLOVEL joint venture. FLOVEL delivers equipment on a water-to-wire basis, providing turbines, generators, control systems, and switchyard equipment as integrated packages.

Differentiator

Problem solved

Functional benefit

Brands

• RenServ: Renovation, Modernisation & Upgradation services for existing hydropower plants, recognized worldwide as a cost-effective technique for improving performance, efficiency and reliability.
• iNDUS

Products and services

• Pelton Turbine

Quantifiable outcome

• 330+ projects executed across 15 countries with 730+ units delivered
• +4 more outcomes

Named customers19 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

Feature7 records

Partnerships

One partnership is on record.

• TB HYDRO Flovel Valves Private LimitedcoreOEM/ Whitelabel/ Licensing PartnerJoint venture partnership between TB HYDRO Sp.z.o.o. Poland and FLOVEL Energy Private Ltd. India. Combines TB HYDRO's renowned design and technology with FLOVEL's state-of-the-art manufacturing capabilities to deliver highest quality and performance-oriented valves including Butterfly Valves, Spherical Valves, Flow Regulating Valves, Needle Valves, Slide Valves, Air Valves and associated accessories.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Canyon Hydro: US-based manufacturer of small and micro hydro turbines (up to ~30 MW). Comparable niche focus and water-to-wire solutions for IPPs, though FLOVEL has deeper international emerging-market reach.
• Gilbert Gilkes & Gordon: UK-headquartered specialist in small and medium hydro turbines (Pelton, Francis, Kaplan) with strong global EPC track record. Closely comparable to FLOVEL in product range, unit size, and project-based delivery model.
• Mavel a.s. Czech Republic-based manufacturer specializing in small and medium hydro turbines (up to 30 MW). Highly comparable to FLOVEL on product mix, customer type (IPPs and utilities), and European/emerging-market project focus.
• CKD Blansko: Czech manufacturer of hydraulic turbines (Francis, Kaplan, Pelton) for small and medium hydro plants. Comparable product mix and customer profile to FLOVEL, with strong presence in Eastern Europe and emerging markets.

Broad incumbents

• HMH (Hitachi Mitsubishi Hydro): Joint venture between Hitachi and Mitsubishi serving the global hydropower market with turbines, generators, and grid systems. Comparable in product breadth and serves similar utility customers across Asia.
• GE Renewable Energy (Hydro): Global hydro OEM within GE Vernova, offering turbines, generators, and grid integration. Overlaps with FLOVEL on mid-sized hydro projects but typically at larger capacities and as part of integrated renewable portfolios.
• ANDRITZ Hydro: Global leader in hydropower equipment (turbines, generators, automation) with a broad portfolio across large and small hydro. Directly competes with FLOVEL on mid-sized hydro tenders but also serves much larger utility-scale projects globally.
• Voith Hydro: German-based global OEM of hydro turbines, generators, and automation systems. Competes with FLOVEL in water-to-wire hydro packages, especially in Asia and emerging markets, though typically on larger unit capacities.
• Toshiba Energy Systems & Solutions (Hydro): Japanese hydro turbine and generator OEM with strong installed base in Asia. Overlaps with FLOVEL in Southeast Asian and South Asian markets on equipment supply and RenServ-style modernization contracts.

Regional players

• Bharat Heavy Electricals Limited (BHEL): India's largest heavy electrical equipment manufacturer with a major hydro turbine business. Directly competes with FLOVEL on Indian state-utility hydro tenders and is the most relevant India-headquartered OEM peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/flovel8

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about FLOVEL Energy