Salzer Electronics Limited, established in 1985 in Coimbatore, Tamil Nadu, has emerged as a significant player in India’s switchgear market. The company specializes in industrial switchgear, wires and cables, and building electrical products, offering a comprehensive range of electrical solutions. Over the past decade, Salzer has achieved a compounded annual sales growth of 16% and a profit growth of 18%, reflecting its consistent performance in the industry.
In the second quarter of the fiscal year 2025, Salzer reported a 23% increase in revenue, reaching ₹344 crore, compared to the same period in the previous year. This growth was primarily driven by heightened demand for industrial switchgear and wires and cables, with products like three-phase dry-type transformers, wire harnesses, and relays contributing significantly. The industrial switchgear segment alone accounted for 62% of the total revenue, growing 34% year-on-year with an EBITDA margin of 12%.
Salzer’s strategic initiatives have further bolstered its market position. The company has ventured into the smart meter segment, securing its first domestic order valued at ₹45 crore. This move aligns with India’s digital transformation in energy management and underscores Salzer’s commitment to innovation. Additionally, the company has developed a smart meter facility and obtained BIS certification, enhancing its product portfolio.
Looking ahead, Salzer aims to capitalize on the expanding global switchgear market, projected to grow at a CAGR of 5.5% from 2024 to 2032. The company’s focus on broadening its product offerings and exploring new growth avenues positions it well to meet evolving market demands and deliver value to stakeholders.
