History

_x000D_ ABB India Ltd was incorporated on December 24, 1949, under the name Hindustan Electric Company Ltd. The company was listed in 1995. Over the years, its name was changed many times, finally to ABB Ltd. in 2003 and then to ABB India Ltd. in 2013._x000D_ _x000D_ In the year 2005, ABB India won the first major order for Extra High Voltage (EHV) transformers and shunt reactors from the National Thermal Power Corporation (NTPC) as well as the Power Grid Corporation of India Ltd. Thereafter, in October 2007, the company received ₹512 crore worth of orders from JSW for turnkey power and automation solutions in relation to their steel and power plant projects. _x000D_ _x000D_ In July 2008, the company won ₹312 crore worth of orders for electrical products and systems for the new terminal T3 at the Indira Gandhi International Airport, New Delhi. In December 2009, they also received an order worth ₹506 crore from Bangalore Metro Rail Corporation Ltd. _x000D_ _x000D_ In August 2011, the company won orders for turnkey power and automation solutions for three photovoltaic solar power plants. Also, they won an order worth around $1 billion from TenneT, a Dutch-German network operator, for a power link to connect the North Sea’s offshore winds to the grid on the German mainland. In September 2016, ABB India launched operations in its new solar inverter manufacturing facility in Bengaluru. The facility is tasked to double the company’s solar inverter manufacturing capacity. _x000D_ _x000D_ On September 14, 2016, ABB India announced its commission of a shore-to-ship power supply infrastructure for ships arriving at the V.O.Chidambaranar Port in Tuticorin. This solution will help ships docking at the port to plug in for power instead of relying on pollution-prone diesel generators. On March 27, 2018, ABB India inaugurated one of the first smart factories in Bangalore, dedicated to the production of electrical protection and connection solutions._x000D_

Business Segments

_x000D_ The Company segments include: _x000D_

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1. Power systems - This includes turnkey systems and services for transmission and distribution for power grid and power plants, instrumentation, control and balance of power plants.
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2. Power products - Under this segment, the company manufactures, engineers, and supplies key components to transmit and distribute electricity and also produces transformers, high and medium-voltage switchgears, circuit breakers, capacitors, and distribution relays.
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3. Process automation - This involves offering integrated solutions that serve oil and gas, power, chemicals and pharmaceuticals, pulps and paper, metals and minerals, marine and turbo charging industries.
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4. Automation products - This segment includes motors, variable speed drives, low voltage products, instrumentation and power electronics.
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5. Other segments - This includes other smaller activities, including robotics systems.
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Subsidiaries

_x000D_ The company does not have any subsidiaries as of March 31, 2022._x000D_

Key Personnel

_x000D_ Sanjeev Sharma, Managing Director and Country Head_x000D_ _x000D_ Mr. Sharma has had a long history of association with the company. He entered the organisation in 1989 and became a Global Product Portfolio Manager in 1999. He thereafter served as the head of multiple teams, both in terms of functions, such as product and marketing, as well as in terms of region. He eventually became the MD of ABB India Ltd. in 2016._x000D_

Corporate Actions

_x000D_ The following are the major corporate actions undertaken by the company:_x000D_ _x000D_ Stock Split_x000D_ _x000D_ The company’s stock was split in July 2007 from ₹10 to ₹2 per share._x000D_ _x000D_ Mergers and Acquisitions_x000D_

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• The company acquired 100% equity shares of Baldor Electric India Pvt Ltd, Pune, from Baldor Holdings Inc, USA and Baldor Electric Switzerland AG, Switzerland, for a total consideration of ₹33.90 crore. Baldor became a wholly owned subsidiary of the company with effect from December 1, 2011.
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Financial Performance

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• The company has increased its revenue by 47.19% since the year ending March 31, 2020, from ₹5,821 to ₹8,568 in FY 2022.
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• In the same period, it increased its operating profit margin from 5% to 11%. As a result, its net profit increased from ₹303 crore to ₹1,016 crore.
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• In the 5 years preceding October 2023, its stock price has surged by a CAGR of 29%.
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