Top 10 Transformer Manufacturers in india

2025-06-12

The following is a list of major transformer manufacturers in India compiled based on public information. It is ranked comprehensively considering market position, capacity expansion trends and industry events including foreign enterprises operating in India.

 Local leading enterprises in India 

1、Atlantha Electric 

Recently, we acquired 90% of the equity of the Indian subsidiary of Baowen Electric for 137 million yuan. This acquisition enables us to have the production capacity for 220kV to 765kV transformers, covering the core projects of the Indian national power grid. 

Through technology transfer, the company has achieved a significant leap in local production, becoming a key competitor in the high-voltage transformer sector in India. 

2、CG Group (CG Power and Industrial Solutions) 

An internationally renowned power equipment manufacturer from India was involved in the bidding for the equity of Baoxin India (with the highest bid reaching 137 million yuan). 

The market share of industrial transformers is stable, and the products cover the fields of power distribution and medium/high voltage. 

3、Bharat Heavy Electricals Limited (BHEL) 

The Indian state-owned power equipment giant has long dominated the domestic high-voltage equipment market (the background suggests it is the main supplier for the State Grid). 

4、Adani Group of India 

An infrastructure giant, its energy business includes the manufacturing of power transmission and distribution equipment. In recent years, it has accelerated vertical integration in the power sector (refer to the group's energy layout for background information). 

Branches of multinational companies in India 

5、Toshiba T&D Systems India (India) 

It is planned to increase the transformer production capacity by 1.5 times within three years starting from the fiscal year 2024-25. The investment amount will exceed 60 million US dollars. It is positioned as a global manufacturing center. 

6、Siemens India 

The high-voltage direct current transformer technology is at the forefront, and it has participated in the construction of India's ultra-high voltage power grid (establishing a global brand presence in India). 

7、Hitachi Energy India 

The former ABB power grid business provided transformers of all voltage levels and smart grid solutions (localization of global technologies for application). 

8、Schneider Electric India 

Specializing in dry-type transformers and intelligent power distribution systems, it enjoys a high market share in the industrial sector. 

Other active manufacturers 

9、TBEA India 

A subsidiary of China's Teda Electric Co., Ltd., located in Gujarat, has an annual production capacity of 30 million kVA transformers, with a local content rate exceeding 80%. 

The plan is to expand the production capacity to 50 million kVA by 2025, with a focus on developing the South Asian market. 

10、Associated enterprises of the Indian Oil and Energy Corporation (ONGC) 

The energy state-owned enterprise's power equipment business has ventured into the supply of transformers for oil and gas facilities (refer to the group's diversified layout for background information).