W.S.Industries

What W.S.Industries does

W.S. Industries (India) Limited is a publicly listed Indian EPC and infrastructure company (BSE: 504220, NSE: WSIND) headquartered in Chennai, Tamil Nadu, with a registered office at Casa Major Road, Egmore. Originally established in 1961 as a manufacturer of electro-porcelains and T&D electrical equipment, the company underwent a fundamental transformation in June 2022 when a new promoter group (C.K. Venkatachalam, C.K. Balasubramaniam, S. Anandavadivel, S. Aravindan, S. Nagarajan, K.V. Prakash, and Trineva Infra Projects Private Limited) acquired control. Under new management, the company discontinued its insulators business and pivoted to executing turnkey infrastructure projects across three verticals: Civil Infrastructure Projects (buildings, roads, bridges, utilities, drainage), Turnkey Projects/EPC (design, engineering, supply, installation, testing, and commissioning of HV & EHV substations and transmission lines up to 765kV voltage level), and IT/ITES Enabled Services on company land parcels.

The company's revenue model is project-based, executed through direct competitive bidding for government contracts. Its primary customers are Indian state government agencies and utilities in power, electrical, and civil infrastructure sectors. Technical capabilities are anchored by a project management team with IPMA UK certifications, four-level EDPM and PMP credentials from I2P2M International Institute (accredited by IAF and NABCB), and qualified Chartered Engineers, with project execution following PMBOK and I2P2M guidelines across eight project lifecycle phases. The company holds wholly-owned subsidiaries WSI-P&C Verticals Private Limited and WSI Falcon Infra Projects Private Limited (formerly WS Insulators Private Limited) to support project operations.

For FY26, the company reported consolidated net turnover of ₹91.50 crore (a 62% decline from ₹239.04 crore in FY25), with net profit of ₹1.82 crore (reversing a ₹15.27 crore prior-year loss) and EBITDA of ₹11.46 crore. The company employs between 101 and 250 people and maintains a board of nine directors led by Executive Chairman Seyyadurai Nagarajan and Managing Director C.K. Venkatachalam. Geographic operations are concentrated in Tamil Nadu, though the company articulates ambitions to expand into broader Indian and global infrastructure markets.

Name

W.S.Industries

Legal name

W.S. Industries (India) Limited

Website

https://wsindustries.in

Company type

Public

Founded year

1961

Operating status

Operating

Headcount range

101–250 employees

Short description

W.S. Industries (India) Limited is a Chennai-based publicly listed Indian EPC and infrastructure company executing turnkey HV/EHV substations, transmission lines up to 765kV, civil infrastructure, and IT/ITES projects primarily for state government clients under new management since June 2022.

Ownership category

akta.pro rank

Product category

Infrastructure EPC Services

akta.pro primary industry

Overhead Transmission Line EPC (HV/EHV) (EUAEABAA)

akta.pro secondary industries

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Overhead & Underground Collection System Construction (MV/HV Lines, Duct Banks) (EUAEADAG)

Keywords

• EPC infrastructure services
• Turnkey electrical projects
• Transmission line construction
• Civil infrastructure development
• Substation engineering

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Infrastructure and EPC Project Execution: WSI generates revenue by executing large-scale infrastructure and electrical projects for state governments on a turnkey/EPC (Engineering, Procurement, and Construction) basis. Revenue is project-based and recognized upon project completion and milestones.
2. Subsidiary Operations: Revenue is generated through subsidiary companies WSI-P&C Verticals Private Limited and WSI Falcon Infra Projects Private Limited, which operate in infrastructure and related sectors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

W.S. Industries is an infrastructure and EPC company that delivers design, engineering, supply, installation, testing, and commissioning of HV & EHV substations and transmission lines up to 765kV voltage level on a total turnkey basis, including system civil works. The company also executes civil infrastructure projects such as buildings, roads, bridges, utilities, drainage systems, and IT/ITES-enabled services, primarily for state government clients in India's power, electrical, and infrastructure sectors.

Product overview

W.S. Industries (India) Limited is an infrastructure and EPC (Engineering, Procurement, and Construction) company that operates across three core service verticals: Civil Infrastructure Projects, Turnkey Projects (EPC), and IT/ITES Enabled Services. The company delivers complete end-to-end solutions from design through commissioning, specializing in HV & EHV substations and transmission lines up to 765kV. The company also holds stakes in subsidiaries including WSI-P&C Verticals Private Limited and WSI Falcon Infra Projects Private Limited (formerly WS Insulators Private Limited). The product portfolio focuses on large-scale infrastructure development for state governments and industrial clients in power, electrical, and construction sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Turnkey Projects (EPC) Total turnkey solutions for industries and infrastructure, including design, engineering, supply, installation, testing and commissioning of HV & EHV substations and transmission lines up to 765kV voltage level, including system civil works. Serves state government utilities and industrial clients in India's power transmission and distribution sector.
• Civil Infrastructure Projects Infrastructure construction services including buildings, roads, bridges, utilities, drainage systems, storm water drains, integrated bus terminals, and multi-utility facility centers with a focus on quality, safety, and durability. Serves state and municipal government bodies in India.
• IT/ITES Enabled Services Technology-driven solutions including IT/ITES infrastructure development, digital services, and business support for efficient operations. Includes development of IT infrastructure on company land parcels for IT companies and tech park operators.

Quantifiable outcome

• Order value of approximately ₹64.59 crore from a reputed infrastructure player for construction of integrated storm water drain works (June 2022)

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Reputed Infrastructure Player (Order from)minorOthers · 1 June 2022In June 2022, WSI obtained an order for the construction of integrated storm water drain works valued at approximately ₹64.59 crore from a reputed infrastructure player. This represents a significant project win demonstrating WSI's ability to secure large-scale infrastructure contracts.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Larsen & Toubro: India's largest EPC conglomerate with power T&D as one of many segments. While much larger than WSI, L&T competes in the same HV/EHV transmission and substation EPC space through its Power Transmission & Distribution business.
• Tata Projects: Large diversified EPC company from the Tata Group with significant presence in power T&D, transmission lines, and substations. Larger player with broader capabilities, but operates in the same Indian T&D EPC market as WSI for HV/EHV substation and transmission line projects.

Direct peers

• Patel Engineering: Indian infrastructure company engaged in hydro power, irrigation, and civil infrastructure EPC. Comparable to WSI in executing large-scale government infrastructure projects and civil works for state clients in India.
• Kalpataru Projects International: Diversified Indian EPC company with significant presence in power T&D transmission lines and substations, alongside civil infrastructure. Comparable to WSI in serving state government and utility clients with HV/EHV transmission projects and civil works.
• NCC Limited: Indian construction and infrastructure company with a T&D division handling transmission and distribution projects. Comparable to WSI in executing large-scale infrastructure and electrical projects for state governments across India.
• Dilip Buildcon: Indian infrastructure EPC company specializing in roads, bridges, and civil infrastructure, with exposure to government infrastructure projects. Comparable to WSI in civil infrastructure EPC execution for state government clients.
• JMC Projects (India): Indian EPC company focused on infrastructure, buildings, and industrial projects. Comparable to WSI in executing civil infrastructure and turnkey projects for government and industrial clients across India.
• Transrail Lighting: Indian EPC company focused on transmission line construction, substations, and railway electrification. Similar to WSI in T&D EPC services targeting Indian state and central government clients with HV transmission infrastructure.
• KEC International: One of India's largest T&D EPC companies specializing in power transmission lines, substations, and distribution infrastructure. Directly comparable to WSI in HV/EHV transmission and substation EPC services targeting Indian state and utility clients.
• Skipper Limited: Indian engineering company engaged in manufacturing of transmission towers and EPC of T&D infrastructure. Comparable to WSI in HV/EHV transmission line and substation execution in India, particularly for state electricity boards.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/WSIndustries
• LinkedInlinkedin.com/company/about

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

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 W.S.Industries