CG Power and Industrial Solutions Ltd is an over 85-year-old global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy.
The company offers products, services and solutions in two main business segments — power systems and industrial systems. It has over 17 manufacturing facilities in Goa, Madhya Pradesh (Bhopal, Indore and Gwalior) and Maharashtra (Ahmednagar, Nashik and Aurangabad).
CG Power was established in 1937 in India as a wholly owned Indian subsidiary of England’s Crompton Parkinson Ltd along with a sales organisation called Greaves Cotton and Crompton Parkinson Ltd.
After Independence, the company was taken over by the eminent Indian industrialist Lala Karamchand Thapar, who formed the Thapar Group.
In 1996, the Thapar group created Crompton Greaves Ltd to meet the electrical demand of business-to-business (B2B) and consumer segments.
In 2015, the heavy engineering business of the company was demerged to form a separate entity CG Power and Industrial Solutions Ltd, as known today.
Later, in 2020, Murugappa Group company Tube Investments of India Ltd acquired a controlling stake in CG Power and Industrial Solutions.
As of December 27, 2023, the company has a market capitalisation of over ₹69,000 crore. CG Power share price has surged nearly 10 times in three years.
Business operations
CG Power’s operations are organised under the following two business divisions:
Industrial Systems: This segment focuses on motors and drives, along with the Railways business. The division is engaged in the business of power conversion equipment which includes a wide spectrum of medium and low-voltage rotating machines (motors, generators, alternators), drives and stampings. CG Power enjoys market leadership for AC motors and the second position in AC generators and DC motors in India. The company is also the largest manufacturer of low-tension motors in India.
CG Power also provides solutions to Indian Railways in rolling stock and signalling equipment with the most comprehensive product portfolio.
Power systems: This division focuses on transformers, switchgear and other allied products. The company caters to products dealing in power transmission, distribution, power solutions, setting up of integrated power systems and associated services businesses. It manufactures a wide range of power and distribution transformers, extra high voltage (EHV) and medium voltage (MV) circuit breakers, switchgear, EHV (extra high voltage) instrument transformers, lightning arrestors, isolators and vacuum interrupters
CG Power also offers turnkey solutions for transmission and distribution (T&D) through substation projects, engineering, procurement and construction (EPC). It also provides end-to-end contracts involving the entire value chain — solutions, design, products, procurement, construction, erection and servicing.
CG Power Financial Highlights
- Revenue: CG Power reported revenue of ₹12,662.22 crore in FY26 vs ₹10,070.83 crore in FY25. It showed an increase of 25.73% on a yearly basis.
- Operating Profit: CG Power reported an operating profit of ₹1,626.23 crore in FY26 vs ₹1,347.97 crore in FY25. It showed an increase of 20.64% on a year-on-year basis.
- Net Profit: CG Power reported a net profit of ₹1,198.68 crore in FY26 vs ₹972.98 crore in FY25. It showed an increase of 23.20% on a yearly basis.
CG Power Quarterly Result Highlights
- CG Power reported revenue of ₹3,518.82 crore in Mar 2026, compared with ₹3,251.76 crore in Dec 2025, representing an increase of 8.21% on a quarter-on-quarter (QoQ) basis.
- CG Power reported an operating profit of ₹490.41 crore in Mar 2026, compared with ₹383.97 crore in Dec 2025, representing an increase of 27.72% on a quarter-on-quarter (QoQ) basis.
- CG Power reported a profit of ₹363.46 crore in Mar 2026, compared with ₹283.91 crore in Dec 2025, reflecting an increase of 28.02% on a QoQ basis.
- The earnings per share (EPS) of CG Power stood at ₹6.38 during Mar 2026.
