ABB India Limited has been operating in power and automation technology for over a century. Headquartered in Bengaluru, it has 25 plants across five main campuses in Bengaluru, Vadodara, Faridabad, Nashik, and Pune.
The company operates through four major business areas: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. In the Electrification segment, ABB provides advanced MV & LV switchgear, distribution boards, and digital power solutions. The Motion segment supplies energy-efficient motors and drives. Process Automation offers instrumentation, analyzers, and integrated automation solutions for chemicals, oil and gas, and manufacturing sectors. Finally, Robotics and Discrete Automation specializes in flexible automation solutions for the automotive, electronics, food & beverage, and pharmaceutical sectors.
ABB India has been contributing to India’s renewable energy ambitions, supporting large-scale wind and solar projects, green hydrogen initiatives, and energy storage systems. ABB has integrated its solutions into approximately 30% of the country’s installed wind and solar projects. Furthermore, ABB has expertise in electrolyzers and drive train systems that facilitate green hydrogen production.
Nearly 30% of hyperscale data centres in India use ABB technology, benefiting from the company’s solutions in LV & MV switchgear, building automation, and digital distribution. The public transportation and railway sector, another key area, relies heavily on ABB’s technology, with over 80% of metro systems and 900+ electric locomotives in India utilizing ABB’s traction and automation technology.
ABB also plays an important role in supporting India’s digital economy and electronics manufacturing, particularly in semiconductor production and mobile phone manufacturing. Over 60% of India’s mobile phone manufacturing facilities utilize ABB Robotics, helping meet 97% of India’s domestic demand for mobile phones. ABB provides advanced automation to industries such as e-commerce, fintech, and industrial IoT.
Financial Highlights
Over the past five years, ABB India achieved a compound annual growth rate (CAGR) of 15.4%, rising from Rs 73.15 billion in 2019 to Rs 103.84 billion by the third quarter of 2024. Revenue increased from Rs 69.7 billion in 2019 to Rs 99.95 billion in 2024, a CAGR of 9.5%. Profit before tax (PBT) rose from Rs 5.14 billion in 2019 to Rs 18.08 billion by the third quarter of 2024, a CAGR of 20%.
Earnings per share (EPS) rose significantly, growing from Rs 14 in 2019 to Rs 29.3 in 2023, reflecting a CAGR of 43%. Dividends per share similarly increased, from Rs 4.8 in 2019 to Rs 10.66 by the third quarter of 2024, with a CAGR of 57%.
In terms of segment performance, Electrification orders reached Rs 49.89 billion in the third quarter of 2024, driven by demand from data centres, railways, and the food and beverage industries. The motion also recorded positive results, with orders totalling Rs 35.57 billion and a PBIT margin of 22.6%. Process Automation achieved orders of Rs 15.73 billion, with a PBIT margin of 17.1%, led by demand in the energy and process industries. Robotics and Discrete Automation, at Rs 3.84 billion in orders.
Sustainability Practices
The company has set targets to reduce Scope 1 and 2 emissions by 80% by 2030 and achieve carbon neutrality by 2050. ABB’s major manufacturing sites in India are green-certified, with 50% achieving water-positive status, and its products follow a circularity approach to minimize environmental impact. ABB is deeply invested in India’s carbon markets, providing technology and expertise to help clients lower their carbon footprints, thereby supporting national and global climate targets.
Vision and Future Outlook
ABB India envisions itself as a vital player in driving India’s sustainable industrial revolution. With a commitment to innovation, resource efficiency, and customer-centric solutions, ABB will continue to support India’s green initiatives, digital transformation, and industrial growth.
Photo credit: ABB India