Consul announces its merger with Neowatt

Consul Consolidated Pvt. Ltd, an Indian manufacturer of UPS Systems and Servo Controlled Voltage Stabilizers has announced its merger with Neowatt Energy Solutions, a fast growing manufacturer of state of the art power electronic products. This merger will create India’s only full range power electronics company offering products and solutions in power conditioning, power backup, solar, energy conservers and custom power electronic solutions.
Sriram Ramakrishnan, MD & CEO, Consul said,“We are excited to merge our two businesses. With Neowatt, we will be the only company in India to have a comprehensive range of UPS systems, Inverters, Stabilizers, Active Filters and Solar Power offerings. Last year we crossed a turnover of ` 200 crores and together, we will strive to become India’s premier power electronics company and be a force to reckon with in the Indian and exports power electronics market, with a target of achieving a turnover of ` 600 crore in the next 3 years”.
Consul will leverage Neowatt’s power electronics product development capability and consolidate the R&D efforts with its own DSIR approved R&D facility in Pune to develop innovative, reliable and cost effective power conditioning and power backup solutions tailored for Indian requirements. With this merger, Consul will have access to a range of innovative and state of the art power electronic products like IGBT Rectifier three phase UPS systems from 10 to 800 KVA, solar inverters with net metering and grid export options, Active filters, Static Transfer Switches and Industrial single phase and three phase UPS & Inverters to complement their existing power backup and power conditioning offerings.

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