Schneider Electric India Pvt Ltd (SEIPL), the Indian arm of the global leader in energy management and automation, Schneider Electric, has been awarded the prestigious 2024 Indian Company of the Year Award by Frost & Sullivan. This recognition highlights Schneider Electric India’s outstanding contributions to the country’s metering industry, cementing its reputation as a pioneer in smart metering and energy efficiency solutions.
Leading the Way in Smart Metering
Schneider Electric India leverages over 60 years of expertise in industrial sustainability and automation to deliver cutting-edge solutions across multiple sectors, including buildings, infrastructure, industries, homes, and data centers. The company operates 31 factories across India, including five state-of-the-art smart factories, and boasts a robust network of over 39,000 employees serving customers in more than 500 cities.
The company holds a dominant position in India’s advanced metering infrastructure (AMI) segment, a key area in the country’s smart metering market. Its innovative devices feature real-time data transmission capabilities, eliminating the need for manual meter readings and significantly improving grid management, billing accuracy, and operational efficiency. These technologies also enable consumers to monitor and control energy usage, promoting sustainability and cost savings.
Industry Accolades
Iqra Azam, Best Practices Research Analyst at Frost & Sullivan, noted, “Schneider Electric’s history of achievements and best practices showcases its dedication to growth and sustainability. This recognition solidifies its market leadership in the metering sector.”
Deepak Sharma, Zone President, Greater India, and MD & CEO of Schneider Electric India, expressed gratitude for the accolade, stating, “This recognition underscores our commitment to delivering scalable, cost-effective, and sustainable smart metering solutions. Our focus on innovation, R&D, and localization helps us address market needs effectively while contributing to local economies.”
Sustainability and Innovation at the Core
Schneider Electric India has aligned its initiatives with the Indian government’s green energy goals, further enhancing its role in fostering sustainability. By prioritizing transparent business practices and localized manufacturing, the company strengthens customer trust and supports regional economic growth.
Neha Tatikota, Industry Analyst for Energy & Environment at Frost & Sullivan, added, “Schneider Electric India exemplifies its commitment to sustainability through initiatives that align with India’s green energy vision, ensuring continuous engagement with its customers to meet evolving demands.”
Frost & Sullivan’s Best Practices Awards
The Company of the Year Award is presented annually to organizations demonstrating excellence in growth strategy, innovation, customer value, and market leadership. Frost & Sullivan analysts evaluate nominees through in-depth interviews, research, and performance analyses to identify best practices in various industries.
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