Elektron

What Elektron does

Elektron Group is an Indian, family-owned electrical and electronics manufacturer founded in 1962 as Paragon Cables by the Nagpal Brothers and now led by second-generation Managing Director Vikas Nagpal. The company has evolved from a single-product cable manufacturer into a diversified group spanning six business verticals: cables and wires (Paragon brand), LED lighting systems (Elektron Lighting Systems), Build-Operate-Transfer EPC services for smart city infrastructure, IoT hardware and software solutions, smart city management platforms, and energy-efficiency solutions. Its technology stack spans embedded firmware, FPGA design, wireless protocols (Wi-Fi, NB-IoT, LTE, ZigBee, BLE, NFC, Bluetooth), edge AI/ML, computer vision, and cloud platform development, with manufacturing and R&D facilities in Delhi, Haryana, and Aurangabad and headquarters in New Delhi.

The company generates revenue across hardware sales (commodity cables, LED modules and luminaires, IoT devices) and managed services (EPC contracts with 8+ year maintenance obligations). It sells primarily through direct B2B enterprise sales to government utilities, public-sector undertakings, and large industrial contractors — including BSES, Powergrid, NTPC, BHEL, Indian Railways, PWD, CPWD, NBCC, MES, TATA Projects, L&T, Siemens, Bajaj Electricals, and ONGC — supplemented by a pan-India dealer network for cables and wires. Pricing is quote-based against government tenders and enterprise contracts rather than published list pricing. Notable differentiators include the world's first ISI-marked LED street-light product (2014), 150+ certifications, and a reference deployment of 40,000+ street lights, 1,200+ control panels, and 9 control centers across 1,500+ km of roads under the Aurangabad Municipal Corporation smart-city EPC project.

Elektron has charted a deliberate diversification arc: LED lighting (2012), EPC vertical (2016), city management platform (2017), IoT and software capabilities (2018), and a brand relaunch (2019) to consolidate operations under the Elektron FMEG umbrella. The firm remains privately held with no external equity funding disclosed, indicating bootstrapped growth over six decades. Its customer base is heavily skewed toward government and public-sector buyers, with the EPC vertical providing longer-duration revenue lock-in but also exposing the business to public-sector procurement cycles and policy-driven infrastructure spending.

Name

Elektron

Legal name

Elektron Group

Website

https://elektron.com

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Elektron Group is an Indian, family-owned diversified electrical manufacturer (founded 1962) producing cables and wires, LED lighting, IoT solutions, and smart-city management platforms, serving government utilities, PSUs, and large industrial contractors across India.

Ownership category

akta.pro rank

Product category

Electrical Equipment Manufacturing

NAICS

Electric Lighting Equipment Manufacturing (33513), Electric Lighting Equipment Manufacturing (3351)

SIC

Electric Lighting & Wiring Equipment (3640), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Outdoor & Area Lighting (Street, Roadway, Parking, Flood, Sports/Architectural exterior) (IMAGAIAB)

akta.pro secondary industries

Street Lighting & Area Lighting EPC / Maintenance (EUAEACAH), Lighting Controls & Smart Lighting Systems (BPABAGAC), Street Lighting & Area Lighting Electrical Infrastructure (IMAFAHAJ)

Keywords

• Cables and wires
• LED lighting solutions
• Smart city management
• IoT product engineering
• EPC contracting services

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Cables & Wires Manufacturing: Manufacturing and selling power cables, wires, and related electrical products under Paragon and Elektron brands. Products include aerial bunched cables, coaxial cables, computer wires, control cables, flexible wires, instrumentation cables, LT cables, mining cables, special cables, and telephone cables.
2. LED Lighting Products: Manufacturing and sale of LED street lights, outdoor lighting, flood lights, and ISI marked LED modules for various power ratings.
3. EPC Projects (Build-Operate-Transfer): Engineering, procurement, and construction contracts for smart lighting, traffic management, and city infrastructure with BOT model including 8+ year maintenance contracts.
4. IoT Products and Solutions: IoT hardware, firmware, and software solutions for agriculture, security, electric vehicles, healthcare, smart home, and manufacturing industries.
5. Energy Efficiency Solutions: Smart sensors, controllers, and AI-powered optimization devices for energy and water conservation in residential, commercial, and public spaces.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Elektron designs, manufactures, and sells power cables and wires, ISI-marked LED street lights and outdoor lighting, IoT hardware and software solutions, and energy efficiency products. The company also executes turnkey smart-city street lighting and traffic management projects on a Build-Operate-Transfer basis through an EPC vertical, supported by its own City Management platform, control centers, and an in-house R&D and ODM team.

Product overview

Elektron is an Indian technology company offering a diversified portfolio of products and services across cables and wires, LED lighting, IoT solutions, smart city management, and energy efficiency. The company operates through several product lines: the Paragon brand (established 1962) for cables and wires serving power distribution utilities; Elektron Lighting Systems (launched 2012) for ISI-marked LED street lights and flood lights; EPC services using a Build-Operate-Transfer model; Smart City Management platform; IoT solutions covering product engineering, manufacturing, embedded software, wireless, sensors, AI/analytics, and cloud development; and Energy Efficiency Solutions. The 360° Experience services provide end-to-end capabilities from concept to certification. The company serves government, industries, and consumers across India with operations in Delhi, Haryana, and Aurangabad.

Differentiator

Problem solved

Functional benefit

Products and services

• Cables and Wires (Paragon) Electrical power cables and wires manufactured since 1962 under the Paragon brand. Range includes aerial bunched cables, coaxial cables, computer wires, control cables, flexible wires, instrumentation cables, LT cables up to 1.1KV, mining cables, signaling cables, special cables, and telephone cables. Supplies power distribution utilities, industrial customers, and infrastructure projects across India with over 150 certifications.
• LED Lighting Solutions (Elektron Lighting Systems) ISI-marked LED street lights, flood lights, and LED modules manufactured and engineered for street lighting and outdoor applications. Product range spans LED street lights in multiple wattages, LED flood lights, and ISI-marked LED modules conforming to IS:16103 Part (1&2) with 50,000+ hour lifespan.

Quantifiable outcome

• Energy savings through LED street lighting vs traditional lighting
• +3 more outcomes

Named customers22 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature6 records

Scale indicators10 records

Recent moves14 records

Expansion highlights7 records

Direct peers

• Polycab India: India's largest cables and wires manufacturer; direct competitor in Elektron's legacy Paragon cables business with overlapping distribution to power utilities and EPC contractors.
• Havells India: India's largest listed FMEG company with directly overlapping product lines in LED lighting, cables & wires, and switchgear; comparable B2B/government sales motion and pan-India manufacturing footprint.
• Finolex Cables: Established Indian cables and wires manufacturer; direct competitor to Paragon brand in power cables sold to utilities and infrastructure contractors.
• Wipro Lighting: Wipro Enterprise's commercial and architectural lighting arm; direct competitor in India's B2B LED lighting and smart-building segments.
• Orient Electric: CK Birla Group company with overlapping LED lighting and consumer electricals portfolio; competes in commercial and outdoor lighting segments served by Elektron.
• Bajaj Electricals: Diversified electrical player competing in LED street lighting, EPC, and consumer lighting; similar government/EPC go-to-market and named customer of Elektron in some segments.
• Crompton Greaves Consumer Electricals: Listed lighting and consumer electricals company with comparable LED product portfolio and B2B distribution; competes directly in outdoor and street lighting segments.

Emerging players

• Syska LED: Fast-growing Indian LED lighting brand with stronger consumer-brand presence; competes with Elektron in LED street lights and emerging smart-lighting categories.

Broad incumbents

• Signify India (Philips Lighting): Global lighting leader with strong Indian LED presence; competes in premium street lighting and connected lighting, offering broader portfolio and global R&D than Elektron.
• Schneider Electric India: Global smart-building and energy-management incumbent; overlaps with Elektron in lighting controls, smart-city infrastructure, and EPC-scale public projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elektron-group

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Elektron