PES Electrical Pvt. Ltd.

What PES Electrical Pvt. Ltd. does

PES Electrical Pvt. Ltd. is a Faridabad, India-based designer and manufacturer of BIS-certified smart energy meters, founded in 1998 by C.P. Yadav after 17 years in Indian Air Force avionics. The company manufactures in-house at two Faridabad units (PCB assembly, SMT, latching relay production, BIS calibration lab) a full portfolio of single-phase, three-phase, dual-source, and triple-source prepaid smart meters, plus supporting infrastructure including Data Concentrator Units (PLC downlink, GPRS/GSM/Ethernet uplink), home display units, WiFi smart plugs, and DG/mains indicators. PES's product roadmap includes proprietary innovations such as India's first dual-source meter (measuring Grid and DG on one device), the first triple-source meter (Grid + Solar + DG), an event-driven DG Modem that delivers grid/DG switchover alerts in seconds versus 15-30 minutes for conventional polling, and the PES-ACCL single-phase automatic changeover meter with current limiting.

The company operates a full-stack IoT ecosystem comprising a cloud-based society management and billing dashboard, iOS and Android consumer mobile apps, and integration services that allow third-party meters to be onboarded onto the PES platform. Revenue is generated through four streams: (i) hardware sales of BIS-certified meters at roughly ₹3,500-6,000 per single-phase unit and ₹8,000-15,000 per three-phase unit, (ii) recurring Annual Maintenance Contracts and Comprehensive Maintenance Contracts priced at ₹200-500 per meter per year, (iii) software/dashboard subscriptions typically bundled with AMC, and (iv) professional services for calibration per IS:13779 and third-party meter integration. Go-to-market combines a direct enterprise field-sales team targeting builders, housing societies, and government bodies with a channel partner program for MEP contractors and system integrators. Customers span six primary verticals — housing societies and RWAs, builders and developers, industries and factories, contractors and integrators, government and utilities, and PG accommodations and hostels — with named references including DLF, Godrej Properties, M3M, Mahagun, ATS, Wave City, BPTP, Amrapali, Indiabulls, BSNL, Indian Air Force, NTPC, and Lagos International Airport. PES reports 1,22,700+ active homes across 15+ cities in India, Nepal, and Nigeria, with over ₹2,092 crore in cumulative billing managed on its platform.

Name

PES Electrical Pvt. Ltd.

Legal name

PES ELECTRICAL PVTL LTD.

Website

https://peselectricals.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

PES Electrical is a Faridabad-based manufacturer of BIS-certified smart energy meters, IoT billing platforms, and consumer mobile apps serving housing societies, builders, industries, MEP contractors, government, and PG accommodations across India, Nepal, and Nigeria.

Ownership category

akta.pro rank

Product category

Smart Energy Meters

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Meter Installation, Exchange & Field Services (EUADAFAF)

akta.pro secondary industry

Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers) (HSAPAQAF)

Keywords

• Smart energy meters
• IoT metering solutions
• Prepaid electricity meters
• Automated meter reading
• Energy management systems

Headquarters

HQ city

Faridabad

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Smart Energy Meter Hardware Sales: Sale of BIS-certified smart energy meters including single-phase, three-phase, dual-source, and triple-source variants. Meters are manufactured in-house at Faridabad facilities and sold directly to builders, housing societies, contractors, and government entities.
2. AMC & Maintenance Services: Annual Maintenance Contracts (AMC) and Comprehensive Maintenance Contracts (CMC) covering meter maintenance, calibration, software platform support, and spare parts. Long-term service contracts with many existing since 2012.
3. IoT Software Platform & Dashboard: Cloud-based society management dashboard and mobile app access for billing, monitoring, and maintenance management. Typically bundled with hardware/AMC but generates recurring software service fees.
4. Integration & Calibration Services: Meter calibration services per IS:13779 standards, integration services for third-party meters onto PES platform, and commissioning support for complex deployments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

PES Electrical Pvt. Ltd. is a Faridabad, India-based manufacturer of smart energy meters equipped with IoT connectivity. The company produces in-house metering hardware, an integrated IoT monitoring platform, and a companion mobile application for end users, serving builders, housing societies, government utilities, and electrical contractors. [Inferred — limited source data]

Product overview

PES Electrical offers a unified smart metering ecosystem consisting of in-house manufactured BIS-certified energy meters and supporting infrastructure. The product portfolio includes single-phase meters (PES-12-SS, PES-12-DS, PES-12-TS) and three-phase meters (PES-20-SS, PES-20-DU, EM-12), plus the PES-ACCL automatic changeover meter. These meters are complemented by peripheral devices (HDU-W display, PES-WIFI plug, PES-DGI indicator) and the DCU & Modem for cloud connectivity. The ecosystem integrates with an IoT billing software platform, Society Management Dashboard, and consumer mobile apps (iOS & Android) to deliver end-to-end metering, billing, and maintenance services. Services include AMC, calibration, and integration support for third-party meters.

Differentiator

Problem solved

Functional benefit

Products and services

• Smart Energy Meters IoT-enabled electricity metering hardware manufactured in-house, intended for residential societies, builders, utilities, and electrical contractors.
• IoT Energy Monitoring Platform Companion software platform that connects to deployed smart meters for remote consumption tracking, data visualization, and management by housing societies, builders, and utilities.
• Consumer Mobile Application Mobile application for end users (residents and society members) to view consumption, manage accounts, and interact with the smart metering system.

Quantifiable outcome

• Zero billing disputes since deployment at Wave City integrated township (15,368 meters)
• +6 more outcomes

Named customers30 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Havells India: Large Indian electrical equipment major with a broad portfolio including switchgear, cables, and energy meters. Competes with PES in residential and small commercial metering as part of a wider electricals portfolio.
• L&T Electrical & Automation: Indian conglomerate arm offering electrical equipment including metering solutions, with strong presence in industrial and infrastructure projects. Overlaps with PES on three-phase metering and industrial customer base.
• Landis+Gyr: Global smart metering leader with significant India operations serving utilities and large-scale AMI rollouts. Competes with PES for utility tenders and large developer projects as a broader incumbent in the same space.
• Schneider Electric: Global energy management and automation major with India operations covering smart metering, power distribution, and building energy management. Competes with PES in commercial and industrial metering segments.
• Itron: Global smart metering and energy management vendor with India presence focused on utility-scale AMI deployments. Overlaps with PES on smart meter hardware and IoT platform offerings.

Direct peers

• Genus Power Infrastructures: One of India's largest listed smart meter manufacturers, supplying BIS-certified single-phase and three-phase meters to utilities, housing societies, and developers. Directly competes with PES in Indian residential and utility smart metering.
• HPL Electric & Power: Indian electrical equipment manufacturer with a sizable smart energy meter business serving utilities, real estate, and industrial customers. Competes with PES across meter manufacturing and AMR/AMI deployments.
• Secure Meters: India-headquartered smart meter and energy management company with global operations, offering single/three-phase meters and AMI solutions for utilities and residential customers. Directly comparable in residential and utility metering.

Emerging players

• Adani Energy Solutions: Indian power T&D and smart metering company deploying AMI at scale for utility customers. While vertically integrated into distribution, its metering deployment activity overlaps with PES's addressable utility market.
• CyanConnode: UK-listed IoT-based smart metering specialist focused on narrowband RF mesh AMI solutions for utilities in emerging markets. Comparable to PES in bringing IoT-enabled AMI to residential and utility customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pes-electrical-pvt-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

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 PES Electrical Pvt. Ltd.