About Hind Rectifiers Limited

Hind Rectifiers Limited (Hirect) is a precision engineering enterprise established in 1958 in collaboration with Westinghouse Brake & Signal Co. Ltd., UK. It began as a manufacturer of rectifiers and small semiconductors and has since evolved into a systems and solutions provider for the railway and industrial sectors, with its headquarters in Mumbai. The company designs and delivers mission-critical power conversion and railway electrification technologies, backed by state-of-the-art R&D centres in Mumbai and Hyderabad and manufacturing plants in Satpur and Sinnar, Maharashtra.

Hirect serves rail mobility and industrial applications with an extensive portfolio that includes traction converters, traction transformers, traction motors, railway vehicle control units, DC substation rectifiers, and HVAC systems for rolling stock. In industrial power, its suite spans SMPS rectifiers, thyristor-controlled rectifiers, and engineered power conversion solutions for sectors such as power, steel, cement, paper, chemical, hydrogen, and electroplating. The company reports a market presence of 500+ clients and reach to more than 30 countries, supported by international offices in Sweden and the UAE and domestic offices in Mumbai, New Delhi, Kolkata, and Chennai.

As on March 31, 2025, the Group had 1 subsidiary. Post year-end, a new wholly owned subsidiary was incorporated in India on April 15, 2025 to develop products and solutions in IT, AI, Web3, and related software domains.

Key Milestones of Hind Rectifiers Limited

• India’s first semiconductor manufacturing by Hirect
• Technical collaboration at inception with Westinghouse Brake & Signal Co. Ltd., UK in 1958
• Commissioning a state-of-the-art facility in Sinnar
• Expanding operations at Satpur
• Opening a branch office in Sweden
• Diversification into HVAC and defence offerings in recent years

Hind Rectifiers Limited Business Verticals and Geographic Presence 

• Established: 1958 in collaboration with Westinghouse Brake & Signal Co. Ltd., UK
• Headquarters: Mumbai
• Manufacturing plants: Satpur and Sinnar, Maharashtra
• R&D centres: Mumbai and Hyderabad
• Domestic offices: Mumbai, New Delhi, Kolkata, and Chennai
• International offices: Sweden and UAE
• Market presence: 500+ clients across more than 30 countries
• Subsidiaries: 1 as on March 31, 2025; 1 additional wholly owned subsidiary incorporated in India on April 15, 2025

Hind Rectifiers Limited Business Segment

Railways: Indian Railways is the core customer, contributing 90% of Hirect’s revenues. The company provides traction converters, traction transformers, traction motors, railway vehicle control units, DC substation rectifiers, and HVAC systems for rolling stock.

Industrial: Other served verticals include Metal, Defence, Aviation, Power Generation, Chemical, Oil, Gas, Petrochemicals, and Marine. The industrial power suite spans SMPS rectifiers, thyristor-controlled rectifiers, and engineered power conversion solutions for sectors such as power, steel, cement, paper, chemical, hydrogen, and electroplating.

Hind Rectifiers Limited Key Management

• Suramya Nevatia – Chairman & Managing Director (CEO)
• Akshada Nevatia – Executive Director
• Anil Kumar Nemani – Chief Financial Officer
• Meenakshi Anchlia – Company Secretary & Compliance Officer
• Lalit Tejwani – Chief Strategy Officer
• K. R. Narayan – Chief Revenue Officer
• Saurabh Nevatia – CEO Nashik Plant
• Shailesh Jadhav – Vice President – Operations
• B. Brahmananda Reddy – Vice President – R&D

Latest Updates on Hind Rectifiers Limited

• Technology and exports: Hirect commissioned its first globally compliant rail product, now being exported to Germany and the United States; it also achieved ‘approved source’ status for Traction Motors and commissioned HVAC systems for LHB coaches
• Product development: An indigenously developed Propulsion System was commissioned and is undergoing field trials with Indian Railways; new products for semi high-speed trains—such as pantry systems, underslung battery chargers, and single-phase inverters—were developed; strategic upgrades to hotel load converters, auxiliary converters, and propulsion systems enhanced localisation and quality
• Order book and deals: The order book reached Rs 893 crore as of March 2025, including a landmark Rs 200 crore order and additional contracts worth over Rs 170 crore
• R&D pipeline: The company’s R&D centres are developing 42 products across propulsion, control, charging, and clean energy systems
• Credit rating: CRISIL upgraded Hirect’s ratings to CRISIL BBB/Stable (long-term) and CRISIL A3+ (short-term) on July 9, 2024, citing sustained improvement in the business risk profile and increasing scale of operations

International footprint: A wholly owned subsidiary was incorporated in the UAE on November 21, 2024 to strengthen customer focus and tap international growth opportunities in power generation, T&D equipment, heavy machinery, spare parts, and related trading lines