What Neo Power Electronics & Projects does

Neo Power Electronics & Projects Pvt. Ltd. is a Navi Mumbai-based, family-owned manufacturer of electrical and electronic equipment serving Indian defense and industrial customers. Founded in 1975 and certified to ISO 9001-2008, the company specializes in equipment for naval and harsh-environment applications, including mobile battery chargers up to 2000KW, load banks, frequency converters, and submarine battery commissioning facilities. Its industrial-vertical offerings include power factor correction systems and pollution control equipment, sold to thermal power plants, petrochemical complexes, metallurgical facilities, steel plants, and R&D organisations.

The company's customer base is anchored by the Indian Navy and Naval Dockyards, for whom it has delivered submarine battery commissioning facilities drawing on more than 40 years of domain experience. It complements this defense franchise with industrial-sector sales in power generation, petrochemicals, metallurgy, and steel — a dual focus that provides some segment diversification but leaves heavy exposure to government-defense procurement cycles. Leadership blends the founding Wanelkar family (Chairman B.S. Wanelkar, Managing Director A.S. Wanelkar, Executive Director Piyush Wanelkar, Director Rajeev Narayan) with retired-Indian-Navy domain expertise (VP CDR R.P. Singh).

The business model is a hybrid of customized equipment manufacturing and EPC turnkey project delivery, monetized via one-time project sales, hardware supply, and ongoing maintenance relationships. The firm operates at a small scale (1-10 employees per firmographic data), leans on the reputation of its founding family and defense credentials, and shows no evidence of external funding, acquisitions, or recent digital-footprint refresh. The combination of specialty defense know-how, a 49-year operating history, and limited scale defines both its defensible niche and its constrained growth profile.

Name

Neo Power Electronics & Projects

Legal name

Neo Power Electronics & Projects Pvt. Ltd.

Website

https://neopower.co.in

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

1–10 employees

Short description

Neo Power Electronics & Projects is a Navi Mumbai-based, family-owned manufacturer of electrical equipment (submarine battery systems, mobile chargers up to 2000KW, load banks, frequency converters) serving the Indian Navy and industrial customers in power, petrochemical, and metallurgical sectors.

Ownership category

akta.pro rank

Product category

Industrial Electrical Equipment

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311), Relay and Industrial Control Manufacturing (335314), Electrical Equipment Manufacturing (3353), Electrical Equipment Manufacturing (33531)

SIC

Power, Distribution & Specialty Transformers (3612), Switchgear & Switchboard Apparatus (3613), Industrial Instruments For Measurement, Display, And Control (3823), Electrical Industrial Apparatus (3620), Motors & Generators (3621)

akta.pro primary industry

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM)

akta.pro secondary industries

Power Plant I&C / SCADA / DCS EPC (EUAEAAAN), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)

Keywords

• Naval electrical equipment
• Submarine battery systems
• EPC turnkey projects
• Power factor correction
• Mobile battery chargers

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. EPC Turnkey Projects: Design Engineering, Supply, Erection and Commissioning of EPC Turnkey Projects from concept to commissioning for defense and industrial clients.
2. Electrical/Electronic Equipment Manufacturing: Manufacturing and supply of Electrical, Electronics, Instrumentation & Automation Equipment including mobile battery chargers, load banks, frequency converters, and specialized naval equipment.
3. Engineering Services: Specialized engineering services including installation, commissioning, testing (PAT & FATS) and maintenance support for submarine and ship electrical systems.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Neo Power designs, manufactures, and commissions specialized electrical, electronics, instrumentation, and automation equipment primarily for naval/defense applications, including submarine battery commissioning facilities, mobile battery chargers/dischargers, frequency converters, and load banks. The company also executes EPC turnkey projects from concept to commissioning for thermal power plants, petrochemical facilities, metallurgical plants, R&D institutions, and steel plants.

Product overview

Neo Power Electronics & Projects is an industrial equipment manufacturer offering a portfolio of power electronics, battery management, and naval defense systems. The core offerings include mobile battery chargers (up to 2000KW), mobile battery discharge systems, trickle chargers, mobile load banks (up to 3 MW), frequency converters (up to 400 Hz), and rectifier power supplies for submarine and naval applications. Complementing the product line are engineering services including submarine battery commissioning facilities, fume extraction systems, power factor correction systems, pollution control systems with regenerative thermal oxidizers, electrical repair shops, and scale model test facilities. The company also provides EPC turnkey project execution from concept to commissioning for thermal power plants, petrochemical facilities, metallurgical plants, and defense establishments.

Differentiator

Problem solved

Functional benefit

Products and services

• Mobile Battery Chargers (up to 2000KW) Mobile battery chargers delivering 380V 2500 Amps DC for Russian and German submarines and 550V 2500A DC for French submarines, with data acquisition/logging facility and PC/PLC control. Designed for naval applications and shore support.
• Mobile Battery Discharger Discharge unit providing 264V, 2x1050 Amps with automatic current regulation and data acquisition/logging facility via PLC/PC for submarine battery maintenance.
• Mobile Trickle Chargers Trickle chargers with 10-50 Amps output at 380-550V DC for maintaining batteries during long idle periods on submarines.
• Mobile Load Banks (up to 3 MW) Mobile load banks with inductive/resistive loads for testing naval ship generators up to 3 MW, compliant with naval standards NES 629-630 for step load and M load tests.
• Frequency Converters Static and rotary frequency converters, invertors, and rectifiers with capacities of 25 kVA to 60 kVA and frequencies up to 400 Hz for ships and submarines.
• Mobile Rectifier Power Supply 110V/220V DC power supplies up to 1500 kW capacity with AC-DC thyristor converters, automatic power factor corrections, and harmonic compensation for shore support facilities.
• Submarine Battery Commissioning Facility Complete submarine battery commissioning facility designed, manufactured, installed, and commissioned by Neo Power to cover all operations of battery commissioning for naval applications.
• Submarine Battery Charging/Discharging & Maintenance System Shore support mobile units comprising mobile battery chargers, dischargers, mobile chilling plants, and mobile high pressure air compressors for submarine battery maintenance on jetty operations.
• Fume Extraction System Fume extraction and exhaust systems for battery charge, discharge, and commissioning halls equipped with scrubbers and filters for cleaning fumes and acid mist.
• Power Factor Correction & Improvement Systems Integrated power factor correction networks for LT and HT systems providing energy saving and reduced line currents for naval dockyards.
• Pollution Control System with Regenerative Thermal Oxidizers Pollution control system for destruction of hydrocarbons generated in hull coating plants using regenerative thermal oxidizers with 95% heat transfer efficiency.
• Scale Model Test Facilities (RF Range) Radio frequency range for scale model studies of warships featuring a 50m diameter reflective ground plane, 25m nonmetallic mast, 6m turn table, and fully automatic antenna measurement facility with ±0.5° accuracy.

Quantifiable outcome

• Regenerative thermal oxidizers achieve 95% heat transfer efficiency for pollution control
• +1 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• BHEL (Bharat Heavy Electricals Limited): India's largest power-generation equipment manufacturer and EPC contractor for thermal power plants, providing electrical systems, switchgear, and balance-of-plant equipment. Comparable as a major Indian EPC player in thermal power plant electrical systems — directly relevant to Neo Power's non-defense vertical — but at dramatically larger scale and broader product scope.
• Siemens India: Indian arm of Siemens AG providing power generation equipment, electrical systems, automation, and digitalization for industrial and infrastructure customers. Comparable in industrial electrical EPC and switchgear/power-factor-correction capabilities for thermal power and process industries, though at much broader scale.
• ABB India: Subsidiary of global ABB, providing electrical equipment, switchgear, power conversion, and industrial automation into Indian utilities, industry, and transport. Comparable in product category (power conversion, switchgear, industrial automation) and customer overlap (thermal power, petrochem, metallurgical), though not a defense specialist.
• Larsen & Toubro (Defence & Aerospace): India's largest private-sector EPC conglomerate with a substantial Defence & Aerospace business executing naval platform, weapons, and electrical systems work. Comparable as a far larger-scale Indian defense EPC player competing for the same naval and government turnkey contracts Neo Power targets, though across a much broader portfolio.
• CG Power and Industrial Solutions (formerly Crompton Greaves): Indian manufacturer of transformers, switchgear, and electrical equipment serving power generation, transmission, and industrial customers. Comparable in transformer/power-electronics manufacturing and EPC-style industrial electrical project execution, though without Neo Power's defense specialization.
• Schneider Electric India: Indian operations of global Schneider Electric, manufacturing switchgear, power factor correction, motor controls, and industrial automation products. Comparable in switchgear, power factor correction networks, and industrial electrical equipment — overlapping with Neo Power's dockyard and industrial verticals — though without a defense specialization.

Direct peers

• Bharat Electronics Limited (BEL): India's premier public-sector defense electronics manufacturer, supplying naval systems, communication equipment, and electronic warfare to the Indian Navy. Directly comparable as a domestic supplier of sophisticated electrical and electronic systems into Indian defense establishments, although at vastly larger scale and broader product scope.
• HBL Power Systems: Indian manufacturer specializing in industrial batteries, power electronics, and specialized battery chargers including defense and submarine applications. Directly comparable as an Indian niche player in defense-grade battery charging and power conversion equipment, overlapping with Neo Power's mobile battery charger and naval product lines.
• Tata Power Strategic Engineering Division (Tata Power SED): Defense electronics and strategic systems arm of Tata Group, providing indigenous defense solutions including naval and homeland security electronics. Comparable as an Indian EPC-and-manufacturing defense supplier targeting naval and government customers with similar program-based procurement dynamics.

Regional players

• Mahindra Defence Systems: Indian defense manufacturer and integrator producing naval, aerospace, and land systems for Indian armed forces. Comparable as a domestic Indian defense equipment supplier pursuing naval and government contracts, though with a heavier land/aerospace platform focus rather than electrical systems.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Neo Power Electronics & Projects