**Parth Electricals & Engineering Limited** is a Gujarat-based company specializing in the manufacturing, distribution, and project services for electric switchgear equipment. Initially established as a proprietorship firm in 2005, it was incorporated as Parth Electricals & Engineering Private Limited in 2007. In November 2024, it transitioned to a public limited company with the issuance of a fresh certificate of incorporation. The company has evolved into a significant player in the power distribution sector, primarily serving urban markets.
Parth Electricals began its journey in the power distribution and transmission sector, overcoming design, sizing, and civil work challenges during project implementations. It set up its first manufacturing unit for medium-voltage (MV) panels in 2009 and has since invested in advanced manufacturing technologies such as CNC machines, robotic welding systems, and automated quality controls. A noteworthy milestone was its collaboration with Schneider Electric Industries SAS in 2016 for technology transfer under the "Make in India" initiative, which expanded its product offerings to include Ring Main Units (RMUs) and Compact/Sub Compact Substations (CSS/PSS).
The company has actively enhanced its workforce through international training, including high-voltage GIS management in China and cable termination expertise in Switzerland. Its commitment to innovation and process improvement has positioned it as a leading provider of both low-voltage and high-voltage solutions, bolstered by continuous facility upgrades and equipment modernization.
Parth Electricals is now planning an Initial Public Offering (IPO) comprising 3,650,000 fresh equity shares with a face value of ₹10. This move is expected to fund further growth initiatives, solidifying its reputation as a forward-looking and quality-driven company in the power distribution equipment industry.
