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HBL Power Systems Ltd Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of HBL Power Systems Ltd?

HBL NIFE Power Systems Limited, formerly Sab Nife Power Systems Ltd, started in 1988 through a partnership between A J Prasad and Nife from Sweden. The company is based in Hyderabad, India, and is a key player in the battery and power systems industry. It was formed in 1999 when Hyderabad Batteries Ltd, founded in 1977, merged with SAB Nife Power Systems Ltd, established in 1986.

HBL focuses on research and manufacturing to fill technological gaps in India by creating advanced various products and services in power systems, energy storage, and engineering solutions in over 80 countries. The company  provides engineering and battery solutions to major system integrators and EPC contractors in the railway, aviation, and defence sectors. The company has strong partnerships with Indian government organizations, including the Indian Air Force, Indian Navy, and MOD labs. Here’s a summary of what they provide:

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1- Battery Solutions

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2- Power Electronics

3- Railway Solutions

4- Renewable Energy Solutions

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5- Defense and Aerospace Solutions

6- Engineering Services

7- Research and Development

Question 2: Who are the promoters of HBL Power Systems?

The promoters of HBL Power Systems Ltd include Dr. Aluru Jagadish Prasad, Mrs. Kavita Prasad Aluru, Advay Bhagirath Mikkilineni, Mr. MSS Srinath, Mikkilineni Deeksha, Mrs. A Uma Devi, Barclays Wealth Trustees India, Private Limited - Trustee for Aluru Family Private Trust, Barclays Wealth Trustees India Private Limited - Mikkilineni Family

Dr. Aluru Jagadish Prasad is the Chairman and Managing Director of the company. He has a graduate degree in commerce and a Bachelor of Science in Molecular. Biology. He has extensive expertise in business management and a specific focus on international marketing activities corporate finance, banking and internal control.

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