Company Overview

S&S Power Switchgear Limited is a 60-year-old Indian company headquartered in Chennai with significant international operations. It operates in the high-end Transmission & Distribution (T&D) and Industrial Automation solutions sector. The group consists of three fully owned subsidiaries:

  • S&S Power Switchgear Equipment Limited (SSPSE), Chennai: A High Voltage Disconnector manufacturer established in 1975. It has deployed over 50,000 disconnectors in 50 countries.
  • Acrastyle Limited, UK: A protection and control panel solutions provider, acquired in 1995. It has delivered over 25,000 units.
  • Hamilton Research & Technology Private Limited (HART), Kolkata: A provider of customized hardware and software solutions for aluminum plants, acquired in 2024.

The company began a corporate restructuring and inducted a new management team in February 2024.

Leadership

The Board of Directors is comprised of:

  • Ashish Jalan (Promoter & Chairman)
  • Gayathri Sundaram (Independent Director)
  • P. K. Padmakumar (Independent Director)
  • Kartik Nitin Sheth (Independent Director)
  • Martin Ansell (Director)
  • Krishnakumar Ramanathan (MD & Group CEO)
  • Arjun Soota (Director)
  • Vikas Arora (Director)

The senior management team includes CEOs Krishnakumar Ramanathan (MD & Group CEO), N Balasubramanian, Vikas Arora, and Nicholas Dunn.

Operational and Order Book Highlights

  • SSPSE: Has a strong order backlog with a healthy mix of international orders. Phase-I of a capacity expansion was completed and became operational in July 2026. Development of a new 800 kV class Disconnector has been completed.
  • HART: Reported its highest order backlog to date. Execution of an order in Egypt is scheduled to commence in September 2026.
  • Product Portfolio: Includes Double Break, Centre Break, Knee type, Vertical break, and Pantograph Disconnectors (36kV to 420kV); Protection & Control solutions; and systems for aluminum smelters like REDCon and FIRECon.

Strategic Direction and 3-Year Plan (FY 2026-2028)

The strategic plan focuses on:

1. Investment in Technology & Product Portfolio: To gain a distinct competitive advantage.

2. Increasing Global Footprint: Expansion into select international markets.

3. Scaling & Modernizing Factories: Expanding capacities at current sites, exploring new sites, and implementing lean manufacturing layouts. Leasing additional office space as needed.

4. Zero Deviation Policy: A strict policy towards Quality, Environment, Health & Safety (EHS), and Compliance.

5. IT Systems: Investing in strengthening IT infrastructure, information security, and cyber security to enable business growth.

Financial Targets and Summary

The group is targeting to double its 2025 revenue by March 2028. It aims to achieve an EBIDA margin of 12-15% and become debt-free by that date. The company is also investing in professional teams, systems, learning and development, ESOPs, and work culture.

The presentation was uploaded to the company's website as per regulatory requirements.

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