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About ABB India

History

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. 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.  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.  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.  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.

Business Segments

The Company segments include: 
  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.
  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.
  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.
  4. Automation products - This segment includes motors, variable speed drives, low voltage products, instrumentation and power electronics.
  5. Other segments - This includes other smaller activities, including robotics systems.

Subsidiaries

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

Key Personnel

Sanjeev Sharma, Managing Director and Country Head 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.

Corporate Actions

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

Financial Performance

  • 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.
  • 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.
  • In the 5 years preceding October 2023, its stock price has surged by a CAGR of 29%.

Parent Organisation
MNC Asc-ABB
Managing Director
Adrian Guggisberg
Founded
1949
NSE Symbol
ABB

Peer Comparision

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Community Discussion

A
AngelOne
15th February 2024
ABB unveils new drive for energy-efficient HVACR systems in India This post delves into ABB India’s latest innovation in energy-efficient solutions ABB India has launched its latest innovation: the ACH180, a compact drive specifically designed for Heating, Ventilation, Air Conditioning, and Refrigeration (HVACR) systems. This new offering addresses the growing demand for energy-efficient and sustainable solutions in the Indian market. Meeting the Need for Efficiency and Sustainability With India’s focus on reducing carbon emissions, there’s a crucial need for efficient HVACR systems. The ACH180 tackles this challenge by enabling precise control of high-efficiency motors, empowering businesses to achieve the highest IE5 efficiency standard. This not only reduces energy consumption but also lowers CO2 emissions, aligning with the country’s ambitious environmental goals. Compact Design, Big Benefits The ACH180’s compact design offers several advantages. It saves space, reduces capital expenditure, and simplifies installation within cabinets. Additionally, the built-in filter eliminates the need for external filters, further minimizing cost and complexity. Flexibility and Compatibility The ACH180 caters to diverse needs. It supports various motor types, including permanent magnet motors, conventional induction motors, and even the highly efficient IE5 EC Titanium™ motors by ABB. Furthermore, onboard communication protocols ensure compatibility with a wide range of building automation systems and controllers. Wider Applications, Enhanced Safety The ACH180’s versatility extends to various HVACR applications, including air handlers, pumps, and heat pumps. It’s also designed for harsh environments, withstanding ambient temperatures up to 60°C (with derating). The fireman’s override feature prioritizes safety by allowing fire services to control fans for maintaining escape routes during emergencies. The ACH180’s introduction reflects ABB India’s commitment to providing innovative and sustainable solutions for the Indian market. This drive caters to the growing demand for energy efficiency in the HVACR sector, aligning with the country’s environmental goals. The compact design and wider compatibility offer additional benefits for businesses, making the ACH180 a compelling choice. With its successful launch and presence at ACREX 2024, the ACH180 is expected to gain significant traction in the Indian HVACR market, contributing to a more sustainable future for the industry. Conclusion The ACH180 represents a significant step forward for ABB India in the HVACR market. Its compact design, high-efficiency motor control, and adaptability make it a valuable solution for businesses seeking to reduce energy consumption, minimize costs, and contribute to a more sustainable future. With its timely launch and presence at ACREX 2024, the ACH180 is poised to make a positive impact on the Indian HVACR industry. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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Abb India Limited FAQs

Abb India Limited (ABB) share price as of July 22, 2024, on NSE is Rs 7716.95 (NSE) and Rs 7716.95 (BSE) on BSE.
Yes, You can buy Abb India Limited (ABB) shares by opening a Demat account with Angel One.
Abb India Limited (ABB) share can be bought through the following modes:
1. Direct investment: You can buy Abb India Limited (ABB) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Abb India Limited (ABB) shares.
The main business of Abb India, a subsidiary of ABB group, is to undertake engineering and construction projects in the field of energy production, power transmission, pollution control, process automation, and transportation. It also manufactures heavy engineering and industrial equipment.
The main promoters of Abb India are ABB Asea Brown Boveri Limited.
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