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 Sep 30, 2026, the latest employee count at HBL Power Systems is 3140.

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 5th amongst 675 active competitors, of which 45 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Tavion, which secured $39.6M in Sep, 2026.

Who are the top competitors of HBL Power Systems?

HBL Power Systems' top competitors include Exide, Saft and Exide Industries. Among them, Tavion secured the most recent funding round in September, 2026.

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

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

5^th among 675 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

3,140 as on Sep 30, 2026

Investment & Acquisitions

Yaanendriya & 2 more

Similar Companies

Exide & 839 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	Reports
HBL Germany GmbH CIN: U1206_HRB26191 , Germany, Active	Nov 02, 2010	-	1 (As on Dec 31, 2023)
HBL Germany GmbH CIN: U1206_HRB26191 , Germany, Active	Nov 02, 2010	-	-
HBL AMERICA INC. CIN: 453277198 , United States, Active	Dec 31, 1999	-	6 (As on Dec 31, 2024)	-
SCIL INFRA CON PRIVATE LIMITED CIN: U45400TG2007PTC054295 , India, Active	Jun 05, 2007	0 - ₹10 Cr (As on Mar 31, 2018)	-
NAVAL SYSTEMS AND TECHNOLOGIES PRIVATE LIMITED CIN: U31403TG2006PTC051006 , India, Active	Aug 29, 2006	₹10 - ₹50 Cr (As on Mar 31, 2024)	-
TORQUEDRIVE TECHNOLOGIES PRIVATE LIMITED CIN: U29100TG2021PTC148083 , India, Active	Jan 27, 2021	-	-
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 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	9564652	Post IPO	6403462	1021438	7115227	7689902

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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 6m
dctty{b	Independent board member	-	Current	2y 1m
vzwalat	Independent board member	-	Current	2y 8m

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

HBL Power Systems' employee count trend

HBL Power Systems has 3,140 employees as of Sep 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 Exide, Saft and Exide Industries. 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	Exide 1888, Milton (United States), Acquired	Manufacturer & supplier of automotive power storage systems	$408M	Defense.gov, Z Capital Group	59/100
2nd	Saft 1913, Levallois Perret (France), Acquired	Manufacturer of lithium-Ion battery	-	-	58/100
3rd	Exide Industries 1947, Kolkata (India), Public	Manufacturer of lead-acid storage batteries	-	Nalanda Capital, India Capital Growth	56/100
4th	HeyCharge 2020, Munich (Germany), Seed	Provider of hardware and software solutions for electric vehicle charging	$5M	BMW i Ventures, Climate Capital & 6 others	55/100
5th	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
6th	Natrion 2017, Greenwich (United States), Series B	Provides affordable energy storage solutions	$11M	TechNexus, 1435 Capital & 8 others	50/100
7th	NGK Corporation 1919, Nagoya (Japan), Public	Manufacturer of electrical and electronic components	-	-	50/100
8th	Manika Plastech 1996, Mumbai (India), Public	Manufacturer of automotive batteries	-	-	49/100
9th	Tavion 2026, Stockholm (Sweden), Seed	Developer of utility scale battery energy storage system infrastructure assets	$47.8M	Leitmotif, Backing Minds & 1 others	47/100
10th	Alpine Power Systems 1963, Redford Charter Township (United States), Acquired	Provider of backup power, telecom, motive power, and industrial battery services	-	-	47/100

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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)