What Akshar Group does

Akshar Group, founded in 1994 and headquartered in Vadodara, Gujarat, is a privately held Indian electrical-infrastructure conglomerate operating through four wholly owned subsidiaries. Akshar Elecinfra delivers turnkey EPC services for substations (66kV to 765kV, 100+ executed), transmission lines and plant electricals; Akshar Agencies Electrade is India's largest dealer for Crompton Greaves (CG) LT motors and the All India #01 dealer for five or more consecutive years; Akshar Electric Panel Boards (AEPB) manufactures IEC-61439-compliant panels across three plants at GIDC Manjusar, with authorized system-house status for L&T's T i range and 'Ready to sell' certification for Schneider Electric's BlokSeT; and Akshar LeePant provides testing, commissioning and engineering services including ETAP-based power system studies and relay coordination.

The group's revenue model combines one-time EPC contracts (substations, transmission lines, plant electrification including a 3300MW single-point E-BOP for Adani at Tiroda and a 648MWp solar plant at Mundra), hardware sales of manufactured panels, distribution margins on CG motors, Bonfiglioli gearboxes and CG Drives/Emotron VFDs, and professional services for testing/commissioning. Pricing is quote-based across multi-year contracts with no public list pricing; over 11 regional offices across India (plus a D.R. Congo execution at Somika, Lubumbashi) drive enterprise field sales.

Customer concentration sits in large industrial conglomerates — Adani Group, L&T, Reliance, JCB, WAGO, Inox Air Products, NOCIL, Hettich, Plasser, MG Motors, Chevrolet, ABB, NTPC, JSW Energy, Renew Power, Suzlon and GETCO — spanning power, oil & gas, chemicals, pharmaceuticals, automobiles, manufacturing, ports and renewables. Certifications include ISO 9001:2015 (AEPB), ISO 14001:2015 and ISO 45001:2018 (Akshar Elecinfra), with valid Electrical Contractor Licenses in Gujarat, Maharashtra and Telangana.

Name

Akshar Group

Legal name

Akshar Group

Website

https://akshar-group.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Akshar Group is a Vadodara-based electrical-infrastructure conglomerate operating four subsidiaries delivering EPC contracting for substations up to 765kV, IEC-61439 panel manufacturing, distribution of CG motors and Bonfiglioli gearboxes, and testing/commissioning services to industrial enterprise customers across power, chemicals, pharma, automobile, ports and renewables.

Ownership category

akta.pro rank

Product category

Industrial Electrical Infrastructure Services

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Electrical Equipment Manufacturing (3353), Electric Power Generation, Transmission and Distribution (2211)

SIC

Switchgear & Switchboard Apparatus (3613), Electric Services (4911), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Transmission line EPC & construction (overhead) (EUADAKAA)

akta.pro secondary industries

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Distribution Substations & Switching Stations (MV) EPC (EUAEACAC), Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC), Testing, Commissioning & Energization Services (HV) (EUAEABAI)

Keywords

• Electrical EPC contracting
• Power substations transmission
• Electric panel manufacturing
• Industrial motor distribution
• Electrical testing commissioning

Headquarters

HQ city

Vadodara

HQ country

India

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC Electrical Projects: Electrical Turnkey EPC contracting services including design engineering, testing & commissioning for substations, transmission lines, and plant electricals. Executed more than 100 substations ranging from 66kV to 765kV.
2. Electric Panel Board Manufacturing: Manufacturing vertical producing electric panel boards. Established in 2007, manufactures panels as per IEC-61439 standards. Appointed by L&T as authorized system house for T i range of LT Panels.
3. Trading - Motors, Gearboxes, VFDs: Trade channel partner for world class products including CG Motors, Bonfiglioli Gearboxes, CG Drives (VFDs). Largest dealer for CG LT motors in India.
4. Testing, Commissioning & Engineering Services: Akshar LeePant provides electrical testing, maintenance, commissioning services, and engineering consultancy including power system studies, protection relay testing, and electrical energy audit services.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Akshar Group is a diversified electrical engineering group that executes turnkey EPC contracts for substations (66kV to 765kV), transmission lines, and industrial plant electrification. It manufactures electric panel boards under IEC-61439 standards, distributes CG Motors, CG Drives (VFDs), and Bonfiglioli gearboxes as an authorized channel partner, and provides electrical testing, commissioning, relay coordination, and engineering consultancy through its Akshar LeePant division.

Product overview

Akshar Group is a diversified electrical engineering conglomerate operating as Electrical Turnkey EPC Contractors, panel manufacturers, and trading channel partners. The Group comprises four core divisions: Akshar Elecinfra (electrical infrastructure, substations up to 765kV, transmission lines), Akshar Agencies Electrade (India's largest CG/Crompton Greaves LT motor dealer), Akshar Electric Panel Boards (IEC-61439 compliant panel manufacturing, L&T authorised system house, Schneider certified), and Akshar LeePant (electrical testing, commissioning, engineering services). The Group also operates a Trading House division selling CG Drives (Emotron VFDs/soft starters), CG Motors (IE1-IE4 efficiency classes), and Bonfiglioli Gearboxes as authorised dealer and service partner. With 30+ years of experience, the Group serves power, oil & gas, pharmaceuticals, chemicals, automobiles, manufacturing, renewables, and ports sectors across India and internationally (D.R. Congo).

Differentiator

Problem solved

Functional benefit

Products and services

• Akshar Elecinfra – Electrical Turnkey EPC Services Turnkey EPC contracting for substations ranging from 66kV to 765kV, EHV transmission lines, plant HT and LT electrification, E-BOP and BTG packages for thermal, solar and wind power plants, refinery electrical works, and statutory approvals. Targeted at large industrial and power-sector clients including Adani, L&T, Reliance, NTPC, GETCO, and JSW.
• Akshar Electric Panel Boards (AEPB) – Panel Manufacturing Manufactures IEC-61439 compliant LT panel boards and Schneider BlokSeT aluminium and copper panel prototypes as an authorised system house for L&T T i range. Supplies LT panels to industrial customers across power, oil and gas, pharma, chemicals, and automobile sectors.
• Akshar LeePant – Testing, Commissioning and Engineering Services Provides detailed engineering, load flow studies, protection coordination, power system analysis using ETAP, secondary injection relay testing of electromechanical, static and numerical relays, indoor and outdoor substation testing, electrical energy audits, and on-site commissioning support.
• Akshar Agencies Electrade (AAEPL) – Motor and Gearbox Distribution Distributes CG LT motors (IE1–IE4, flameproof, crane duty), CG Drives/Emotron VFDs and soft starters from 0.37KW to 3000KW, and Bonfiglioli F, AS, TA, A, HDP, Planetary 300, and W/VF series gearboxes, including after-sales service. All India #01 dealer for CG LT motors for 5+ consecutive years.
• CG Motors Product Line Trading product line covering CG IE-4 LSPM motors, IE4/IE3/IE2/IE1 Apex series, cast iron motors, hazardous area flameproof motors, Agnita and PRABAL crane duty motors, and Epact NEMA/CSA/UL motors.
• CG Drives (Emotron) VFD Product Line Distributes VSS, VSB, VSU, VFX, FDU, TSA and MSF series VFDs and soft starters, CG MV drives, flow drivers, and shaft power monitors ranging from 0.37KW to 3000KW.
• Bonfiglioli Gearboxes Product Line Supplies and services F Series (shaft mounted), AS Series (in-line helical), TA Series (weather-resistant), A Series, AGILE (sensorless inverter), HDP Series (parallel shaft), Planetary 300 Series, and Worm W and VF Series gearboxes.

Quantifiable outcome

• 100+ substations executed ranging from 66kV to 765kV
• +3 more outcomes

Named customers31 records

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered major and core.

• Schneider ElectricmajorTechnology or Integration · 13 January 2024AEPB received 'Ready to sell' Status from Schneider for BlokSeT panels. Also developed Aluminium and Copper BlokSeT panel prototypes. Partnership indicates technical competence certification from major automation player.
• Larsen & Toubro (L&T)coreStrategic or Co-development Partner · 1 January 2021AKSHAR ELECTRIC PANEL BOARDS (AEPB) has been appointed by L&T as their authorized system house for T i range of L.T Panels which are manufactured as per IEC-61439. AEPB received momento and appreciation as partner of L&T for being part of 500 crore Ti business achievement.
• WAGO (Germany)majorImplementation/ SI/ Consulting Partner · 1 January 2021WAGO is a German company, Exporter and OEM Manufacturer (Terminal Block and Connectors). AEPL bagged the complete SITC work for WAGO Plant's HT & LT Electrification work including all statutory approvals.
• CG Motors (Crompton Greaves)coreChannel Partner/ Reseller/ DistributorAkshar is India's largest dealer for L.T Motors for CG (CROMPTON GREAVES). AAEL is ALL INDIA #01 DEALER in LT motors and one of the highest stockiest for Flameproof motors. Provides best discounts in products with huge stock availability.
• Bonfiglioli India (BTPL)coreChannel Partner/ Reseller/ DistributorAuthorized Dealer and Service Partner for Bonfiglioli India (BTPL). Provides concept selling, competent marketing and after sales team, strong hold on Pharma, Chemical, Packaging, Dairy, Food & Tyre Industries. Services include visual inspection, no-load trial, stage-wise analysis, gearbox health check-up, and on-site service.
• CG Drives (Emotron)coreChannel Partner/ Reseller/ DistributorTrading house for CG Drives products including VSS, VSB, VSU, VFX, FDU, TSA, MSF series variable frequency drives, softstarters, and shaft power monitors. Products rated from 0.37KW to 3000KW.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• ABB India: ABB is the technology supplier-of-record (400 kV Pirana/Navsari switchyards executed by Akshar use ABB equipment) and competes at the substation integration level. Akshar's protection relay testing, ETAP studies, and SCADA integration directly interface with ABB's switchgear portfolio.
• BHEL (Bharat Heavy Electricals Limited): BHEL supplies switchyard, transformer, and electrical-balance-of-plant packages for thermal and large solar plants where Akshar executes. NTPC and Adani Power illumination and electrical packages sit squarely in both firms' bid lists.
• Larsen & Toubro (L&T): L&T is also a customer/partner through the Ti range authorised system-house program, but L&T Electrical & Automation and L&T Construction are large-scale competitors on sub-station, plant-electrification, and LT panel supply bids in India.
• Tata Projects: Tata Projects is a diversified EPC that builds transmission lines, substations, refinery and power-plant electrical balance-of-plant. Like Akshar, it targets Adani, NTPC, and industrial conglomerates with multi-disciplinary execution capability.
• Schneider Electric India: Schneider is both a partner (BlokSeT panels, 'Ready to sell' status) and a competitor in the LT/HT panel segment. Their EcoStruxure and BlokSeT/PrismaSeT platforms compete for the same industrial switchgear RFPs Akshar supplies.

Direct peers

• Skipper Limited: Skipper's transmission-line EPC and tower supply business is built on the same overhead T&D value chain that Akshar executes. Both firms compete on transmission-line and sub-station turnkey work for Indian utilities and industrial clients.
• KEC International: KEC is India's largest transmission-line EPC company with significant sub-station and distribution build-out. Akshar's 765 kV-class substation and overhead transmission-line execution map directly to KEC's core delivery profile in T&D infrastructure.
• Havells India: Havells is a peer in switchgear, distribution panels, and industrial motors. Akshar's panel-board manufacturing and CG LT motor dealership sit in the same product overlap zone where Havells competes across low-voltage switchgear and IEC-61439 panels.
• Kalpataru Projects International: Kalpataru's T&D and oil & gas pipeline EPC overlap with Akshar's sub-station, transmission-line, and refinery electrical work. Both target large industrial and utility clients with turnkey electrical and infrastructure delivery in India and abroad.

Emerging players

• CG Power & Industrial Solutions: CG is the OEM whose entire LT motor line Akshar Agencies Electrade distributes across India. CG power, industrial, and railway systems compete in switchgear and transformers where Akshar also operates as integrator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

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Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 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 Akshar Group