What Advance Metering Technology does

Advance Metering Technology Limited (AMTL) is a BSE-listed Indian company, founded in 2011 and headquartered in New Delhi with manufacturing operations in Noida. The company designs and manufactures smart grid energy meters and CT/LTCT (Current Transformer / Low Tension Current Transformer) sensors used in power metering applications by utilities and industrial customers. It also operates in renewable energy across wind, solar, and biofuels, and offers OEM contract manufacturing services leveraging its Noida production capacity.

The company is promoted by the PKR Group, which brings approximately 60 years of operating history in the Indian electrical and lighting industry. AMTL serves three primary customer segments: Indian utilities and power distribution companies (discoms) that procure meters under institutional tenders, industrial customers requiring metering and sensor solutions, and renewable energy offtakers / IPP counterparties for its wind, solar, and biofuel generation assets. The company has also established three wholly-owned subsidiaries in Singapore, Germany, and Canada, indicating prior international structuring efforts.

The business model combines product sales (meters and CT/LTCT sensors sold to utilities and industrial customers), renewable energy generation (selling power under PPAs or to the grid), and OEM contract manufacturing (monetizing spare manufacturing capacity for third parties). Revenue is therefore split across hardware sales, energy sales, and contract manufacturing, though the available disclosure does not provide segment-level revenue breakdown. The company is currently loss-making at the operating level, with Q2 FY25 negative EBITDA and EBIT, and a net loss of approximately Rs. -3.08 crores; ROCE stood at -10.01%.

Name

Advance Metering Technology

Legal name

Advance Metering Technology Ltd

Website

https://pkrgroup.in

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Advance Metering Technology is a BSE-listed Indian manufacturer of smart grid energy meters and CT/LTCT sensors, with additional operations in wind, solar, biofuels, and OEM contract manufacturing, serving utilities, distribution companies, and industrial customers.

Ownership category

akta.pro rank

Product category

Energy Metering Equipment

NAICS

Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Electric Power Generation (22111), Solar Electric Power Generation (221114), Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Industrial Instruments For Measurement, Display, And Control (3823), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Metering & Grid Measurement (Smart Meters, CT/VT, PQ Meters) (IMAGAAAH)

akta.pro secondary industries

Meter Installation, Exchange & Field Services (EUADAFAF), C&I Onsite/Behind-the-Meter Energy Supply (Solar, CHP, Microgrids) (EUAGACAJ)

Keywords

• Energy meters
• Current transformers
• Smart grid solutions
• Renewable energy systems
• Meter enclosures

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Energy Meter Manufacturing: Manufacturing and sale of wide range of Energy Meters including Smart Grid meters and tailor-made metering solutions
2. Renewable Energy Generation: Power generation from renewable sources including Wind, Bio-fuels and Solar Energy
3. Energy Management Services: Energy management services and solutions
4. Contract Manufacturing / OEM: OEM contract manufacturing for various products including meter housings, insulin barrels, float valves, setup boxes, and toys vehicle wheels

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Advance Metering Technology Limited (AMTL) manufactures and supplies energy meters (single-phase and three-phase LCD/analog variants and smart grid meters), CT and LTCT current transformers, SMC meter enclosures, and submersible starters for the power sector. The company also operates renewable energy generation (wind, solar, and bio-fuels), offers energy management services, and provides OEM contract manufacturing for meter housings and related plastic/composite components.

Product overview

Advance Metering Technology Ltd (AMTL) operates as a multi-vertical energy technology company offering a comprehensive portfolio of energy solutions. The core product portfolio centers on manufacturing a wide range of energy meters including Single-Phase and Three-Phase variants available in LCD and Analog configurations, along with Multifunction Energy Meters for commercial and industrial applications. The company produces Smart Grid-enabled energy meters and specialized sensors including CT and LTCT Current Transformers. AMTL is also engaged in renewable energy generation through Wind Turbines, Solar Energy Systems, and Bio-fuels Energy Systems, complemented by Energy Management Services for optimization. The product range extends to contract manufacturing of meter enclosures, components, and specialized injection moulded parts including SMC (Sheet Moulding Compound) enclosures for both single-phase and three-phase meters. The company operates under the PKR Group umbrella, which has 60 years of experience in electrical and lighting business.

Differentiator

Problem solved

Functional benefit

Products and services

• Single-Phase LCD Energy Meter
• Single-Phase Analog Energy Meter
• Three-Phase Energy Meters (MFM, LCD, Analog)
• Smart Grid Energy Meter
• CT & LTCT Current Transformers
• SMC Meter Enclosures
• Wind Turbine Systems
• Solar Energy Systems
• Bio-Fuels Energy Systems
• Submersible Starter
• OEM Contract Manufacturing
• Energy Management Services

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and historical.

• PKR GroupcoreStrategic or Co-development PartnerPKR Group is the promoter of AMTL and has been involved in the Electrical and Lighting business for nearly 60 years. PKR Group is headed by Mr. P K Ranade who was also the promoter of Indo Asian Fusegear Ltd (IAFL), a public limited company that was a premier brand enjoying market leadership in the low voltage segment in power control, distribution, conservation and energy management business.
• Indo Asian Fusegear Ltd (IAFL)historicalOthersIndo Asian Fusegear Ltd was a premier brand promoted by Mr. P K Ranade, enjoying market leadership in the low voltage segment in power control, distribution, conservation and energy management business via switchgear wiring accessories and lighting solutions. The company had nation-wide marketing network and presence in key global markets, recognized on many occasions by trade bodies and government for excellent performance.

Scale indicators8 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Havells India: Large Indian listed electricals company with overlap in metering, switchgear, and wire accessories; comparable customer base of utilities and C&I but at significantly larger scale.
• Itron: Worldwide AMI hardware and software provider to electric, gas, and water utilities; directly comparable in smart-meter and CT-class products even though Itron is much broader in scope.
• ABB India: Indian arm of ABB providing power and automation products including LV switchgear, metering, and grid equipment that compete with AMTL's portfolio among utility and industrial customers.
• Landis+Gyr: Global leader in AMI/smart-grid solutions; competes with AMTL in tenders for large utility rollouts and represents the global benchmark for metering scale and software depth.
• Schneider Electric India: Major diversified electrical and energy-management player in India offering smart metering, EMS, and power-quality solutions alongside AMTL's product portfolio.

Direct peers

• Secure Meters: Leading smart-meter manufacturer serving utilities globally with AMI hardware/software; directly comparable in smart-grid meter product range and target customers.
• HPL Electric & Power: Indian-listed manufacturer of energy meters, switchgear, and lighting; competes head-on with AMTL across residential/C&I metering products sold to utilities.
• Genus Power Infrastructures: India's largest listed smart-energy meter and power-infrastructure manufacturer; directly comparable as a domestic BSE-listed meter vendor pursuing AMI tenders that AMTL also targets.

Emerging players

• Suzlon Energy: India's leading wind-turbine OEM and operator; overlaps with AMTL's wind-turbine generation vertical and shares the Indian renewable-energy policy backdrop relevant to that line of business.
• Genus Innovation (Genus Power subsidiary): Focused on smart metering communications and AMI platforms in India; comparable to AMTL's smart-grid meter feature set as an emerging domestic technology specialist.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 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 Advance Metering Technology