When was HBL Power Systems founded?

HBL Power Systems was founded in 1977 and raised its 1st funding round 36 years after it was founded.

Where is HBL Power Systems located?

HBL Power Systems is headquartered in Hyderabad, India. It is registered at H No. 8-2-601, Road No.10, Banjara Hills, Banjara Hills, Hyderabad, Khairatabad, Telangana, India, 500034.

Which legal entities is HBL Power Systems associated with?

HBL Power Systems is associated with NAVAL SYSTEMS AND TECHNOLOGIES PRIVATE LIMITED and 6 others.

How many employees does HBL Power Systems have?

As of Jul 31, 2026, the latest employee count at HBL Power Systems is 3069.

Is HBL Power Systems a funded company?

HBL Power Systems is a funded company, having raised a total of $***** in its 1st and only funding round, a Post IPO round on Feb 25, 2013.

When was the latest funding round of HBL Power Systems?

HBL Power Systems' latest funding was a $***** Post IPO round on Feb 25, 2013, with participation from 2 investors.

What is the annual revenue of HBL Power Systems?

Annual revenue of HBL Power Systems is more than ₹1,000 Cr as on Mar 31, 2025

Where does HBL Power Systems rank among its competitors?

HBL Power Systems ranks 11th amongst 1091 active competitors, of which 93 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Hexagon Composites, which secured $5.27M in Mar, 2025.

Who are the top competitors of HBL Power Systems?

HBL Power Systems' top competitors include Sunwoda Electronic, EnerSys and FlexGen. Among them, Hexagon Composites secured the most recent funding round in March, 2025.

HBL Power Systems - 2026 Company Profile, Team, Funding, Competitors & Financials

HBL Power Systems is a public company based in Hyderabad (India), founded in 1977 by Aluru Jagadish Prasad. It operates as a Manufacturers of batteries and DC power systems. HBL Power Systems has raised an undisclosed amount in funding. The company has 1091 active competitors, including 93 funded and 162 that have exited. Its top competitors include companies like Sunwoda Electronic, EnerSys and FlexGen.

Company Details

Manufacturers of batteries and DC power systems. It is one of the largest indigenous power system developer in India with expertise in battery manufacturing and power electronics. The company manufactures lead-acid batteries, lithium based batteries, silver-zinc, nickel-cadmium and other forms of batteries required for aerospace, defense, industrial and other commercial purpose. Apart from batteries, it provides rectifiers, chargers, BMS, Concrete products and other offgrid solar systems.

Website: hbl.in
Social
Email ID: *****@hbl.in
Phone Number: +91 **********
Registered Address: H No. 8-2-601, Road No.10, Banjara Hills, Banjara Hills, Hyderabad, Khairatabad, Telangana, India, 500034

Key Metrics

Founded Year

1977

Location

Hyderabad, India

Stage

Public

Latest Funding Round

Post IPO, Feb 25, 2013, $*****

Investors

Samena Capital & 2 more

Ranked

11^th among 1091 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

3,069 as on Jul 31, 2026

Investment & Acquisitions

Yaanendriya & 2 more

Similar Companies

Sunwoda Electronic & 1260 more

Exit Details

Public

View HBL Power Systems' full profile

HBL Power Systems is associated with 7 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
HBL ENGINEERING LIMITED CIN: L40109TG1986PLC006745 , India, Active	Aug 29, 1986	₹1,000+ Cr (As on Mar 31, 2025)	2149 (As on Aug 01, 2025)
HBL Germany GmbH CIN: U1206_HRB26191 , Germany, Active	Nov 02, 2010	-	1 (As on Dec 31, 2023)
HBL AMERICA INC. CIN: 453277198 , United States, Active	Dec 31, 1999	-	6 (As on Dec 31, 2024)	-
NAVAL SYSTEMS AND TECHNOLOGIES PRIVATE LIMITED CIN: U31403TG2006PTC051006 , India, Active	Aug 29, 2006	₹10 - ₹50 Cr (As on Mar 31, 2024)	-
HBL Germany GmbH CIN: U1206_HRB26191 , Germany, Active	Nov 02, 2010	-	-
TORQUEDRIVE TECHNOLOGIES PRIVATE LIMITED CIN: U29100TG2021PTC148083 , India, Active	Jan 27, 2021	-	-
SCIL INFRA CON PRIVATE LIMITED CIN: U45400TG2007PTC054295 , India, Active	Jun 05, 2007	0 - ₹10 Cr (As on Mar 31, 2018)	-

HBL Power Systems got listed on May 26, 2000.

Click here to take a look at HBL Power Systems's IPO in detail

HBL Power Systems has raised funding over 1 round. Its latest funding round was a Post IPO round on Feb 25, 2013 for $*****. 2 investors participated in its latest round. HBL Power Systems has 3 institutional investors.

Here is the list of recent funding rounds of HBL Power Systems:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 25, 2013	4161140	Post IPO	1245599	5705416	2438722	6829326

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View details of HBL Power Systems's funding rounds and investors

The founders of HBL Power Systems is Aluru Jagadish Prasad.

Here are the details of HBL Power Systems' key team members:

Aluru Jagadish Prasad: Managing Director of HBL Power Systems.
Contact Info: 1 email address

HBL Power Systems' Board of Directors

HBL Power Systems's board has 3 active members. Arvind Sharma, Kavita Prasad Aluru and Srinath Satyanarayana Subramanya Mikkilineni are independent board members.

Here is the list of HBL Power Systems' board of directors:

Name	Type	Representing	Status	Duration
Arvind Sharma	Independent board member	-	Current	17y 5m
omicaw{	Independent board member	-	Current	5y 7m
edilkrb	Independent board member	-	Current	8y 9m

View details of HBL Power Systems's Founder profiles and Board Members

HBL Power Systems' employee count trend

HBL Power Systems has 3,069 employees as of Jul 26. Here is HBL Power Systems's employee count trend over the years:

Employee count trend for HBL Power Systems

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Top competitors of HBL Power Systems include Sunwoda Electronic, EnerSys and FlexGen. Here is the list of Top 10 competitors of HBL Power Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sunwoda Electronic 1997, Shenzhen (China), Public	Manufacturer of lithium-ion batteries, energy storage systems, and related hardware	-	Broad Vision Funds, Cygnus Equity & 8 others	71/100
2nd	EnerSys 1999, Reading (United States), Public	Global leader providing stored energy solutions for diverse industries and applications	-	Metalmark Capital, Slater Technology Fund ... & 3 others	65/100
3rd	FlexGen 2009, Durham (United States), Series C	Battery energy storage solutions and software platform for energy transition	$276M	General Electric, Caterpillar & 7 others	64/100
4th	Exide Industries 1947, Kolkata (India), Public	Manufacturer of lead-acid storage batteries	-	Nalanda Capital, India Capital Growth	60/100
5th	Maxvolt Energy 2019, Ghaziabad (India), Public	Manufacturer of lithium-ion battery packs for electric vehicles and energy storage solutions	$1.5M	All Rounder Marketing, Maruna Exports & 25 others	59/100
6th	Exide 1888, Milton (United States), Acquired	Manufacturer & supplier of automotive power storage systems	$408M	Defense.gov, Z Capital Group	59/100
7th	Amara Raja Group 1985, Hyderabad (India), Unfunded	Traditional conglomerate offering services in auto component, energy, and education sectors	-	-	58/100
8th	Saft 1913, Levallois Perret (France), Acquired	Manufacturer of lithium-Ion battery	-	-	55/100
9th	NICHICON 1950, Kyoto (Japan), Public	Limited information available	-	-	54/100
10th	Hexagon Composites 2008, Alesund (Norway), Public	Offers composite pressure cylinder technology for a wide range of mobility and storage applications	-	Handelsbanken, Vermögensclub & 4 others	54/100
11th	HBL Power Systems 1977, Hyderabad (India), Public	Manufacturers of batteries and DC power systems	-	Samena Capital, Oman India Joint Investment Fund ... & 1 others	53/100

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HBL Power Systems has made 3 investments including Yaanendriya, Tonbo Imaging and Igarashi Motors. HBL Power Systems has not made any acquisitions as of now.

Here is the list of its investments:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 07, 2026	Investments	Yaanendriya	2023	Bengaluru (India)
2023	Investments	Tonbo Imaging	2003	Bengaluru (India)
Mar 2011	Investments	Igarashi Motors	1992	Chennai (India)