Powerica was incorporated as ‘Consolidated Power Systems Private Limited’, a private limited company, on May 4, 1984. Subsequently, the business of Hindustan Industrial Electrical Engineers, a partnership firm constituted amongst late Naresh Chander Oberoi, late Kharatiram Kharak Puri and Mitter Sen was assigned to the company pursuant to an agreement to assign dated May 23, 1984 with effect from June 1, 1984. The company became a deemed public limited company and the word ‘private’ was struck off from the name of the company with effect from June 15, 1988 pursuant to a special resolution passed by the Shareholders on July 15, 1988.

Subsequently, the name of the company was changed from ‘Consolidated Power Systems Limited’ to ‘Powerica Limited’, pursuant to a special resolution passed by the Shareholders on September 16, 1989.The company is an integrated power solutions provider specializing in diesel generator sets (DG sets), for both primary and standby applications. As one of the original equipment manufacturers (OEMs) for Cummins India Limited (Cummins India, along with its affiliates, ‘Cummins’), it has maintained a relationship with them for over four decades. The company commenced its DG sets business in 1984, and subsequently expanded its generator set portfolio to include medium speed large generators (MSLG) in 1996.

It continues to develop this segment through a collaboration with HD Hyundai Heavy Industries Co., Limited (Hyundai), on a non-exclusive basis. By integrating its DG set and MSLG offerings, the company provides a comprehensive range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, designed to meet the distinctive requirements of diverse industries and applications. Its generator set business comprises of DG sets powered by Cummins engines, MSLG offerings in collaboration with Hyundai, and certain allied business activities (Generator Set Business).

In 2008, the company strategically diversified into the Wind Power Business, commissioning its first wind power project of 4.80 MW at Samana, Jamnagar in 2008 under a 20-year PPA executed with Gujarat Urja Vikas Nigam and have since, steadily expanded its presence in Gujarat.It operates in-house manufacturing facilities to maintain direct control over processes, costs, and timelines. Its DG set customers operate across diverse sectors, including commercial (hospitality, healthcare, banking and financial services industry - banks, education, residential and other real estate), infrastructure (retail infrastructure, logistics, railways and metros), manufacturing (industrial, process industries, dairy), agriculture (including cold storage and aquaculture), information technology/data centres, government and defense, and rentals. In addition to manufacturing and supply, it provides onsite installation services for DG sets.

Its on-site capabilities include electrical works, installation of exhaust systems, construction of diesel tank farms, load balancing, and automation solutions to support seamless transitions between the grid and DG sets, particularly in multi-unit operations. This integrated approach, encompassing manufacturing, marketing, and installation, enables the company to achieve deep market penetration, make data-driven decisions on product and pricing strategies, and build enduring customer relationships.Business area of the companyThe company, along with its subsidiaries and associate, is engaged in business of manufacturing, trading and other services related to generator sets and generation of electricity from wind power.Business divisions of the companyGenerator Set Business DivisionDG Sets powered by Cummins enginesMSLG in association with HyundaiAllied BusinessesWind Power Business DivisionIPP BusinessEPC and OM for BoP BusinessAwards, accreditations and recognition2005: Received ‘Star Performer Silver Shield 2004-05 (Medium Enterprises)’ award from EEPC India, Western Region.2007: Ranked 118 in the ‘Businessworld Best Mid Size Companies List (July 16, 2007 issue)’ by Businessworld Intelligence.2011: Received T.B. Chikkoba award for second ‘Best Wind Farm’ above 2 MW category in Tamil Nadu from Indian Wind Power Association.2017: Received RE Assets India 2017 award for achievements and contributions in constructing, operating and managing world class renewable energy assets in India.2019: Received ‘Prestigious Rising Brands of India 2018-19’ for the diesel generator and renewable energy category from Process Evaluators Research - BARC Asia Jury Panel.2021: Received ‘Project of the Year Performance Excellence’ award at the India Wind Energy Forum 2021 Awards.2021: Received ‘Company of the Year Developer > 100 MW’ award at the India Wind Energy Forum 2021 Awards.2022: Recognised as a ‘Paragon of Branding Excellence’ at the Brand of the Year 2022 awards.2022: Received ‘Service Excellence Award (Wind)’ at the RE Assets India Awards 2022 for being the best service provider of the year - BOP.2022: Received ‘Team Performance Excellence Award (Wind)’ at the RE Assets India Awards 2022 for being the best team performance of the year - projects.2022: Received ‘Project Performance Excellence Award (Wind)’ at the RE Assets India Awards 2022 for being the rising star project of the year.2022: Received ‘Project Performance Excellence Award (Wind)’ at the RE Assets India Awards 2022 for being the best performing asset portfolio of the year.2023: Received an award by Bhupendra Patel, Chief Minister of Gujarat, for commissioning of 50.6 MW Wind Power Project at Khambaliya, Dev Bhoomi Dwarka, Gujarat approved under Vibrant Gujarat, 2019.2025: Received ‘Organization Excellence Award’ at the Green Finance Excellence Awards 2025 for being the organization of the year in renewable energy investments.2025: Received ‘Organization Excellence Award’ at the Green Finance Excellence Awards 2025 for being the organization of the year in energy infrastructure investments.2025: Received an award by Indian Drug Manufacturers’ Association for support and participation at IDMA CARES.History and milestones1984: Commenced power generation set business in India.1996: Alliance with a Denmark based corporation to sell their generator set business in India through the company.2004: Entered into the GOEM supply contract with Cummins India.2008: Commenced wind power business in India.2010: Entered into a memorandum of understanding with Vestas for joint development of wind farms.2014: Started an association with HD Hyundai Heavy Industries Co., Limited.2014: Installed first wind power project as a developer jointly with Vestas as complete balance of plant (BoP) solution at its co-development model project.2016: Joint venture agreement with Vestas for around 750 MW.2019: Commissioned a 50.6 MW wind power project for Gujrat Urja Vikas Nigam Limited.2019: Entered into an agreement with HD Hyundai Heavy Industries Co., Limited for supplying generator sets to nuclear power plants in India.2023: Commissioned 153.9 MW wind power projects in Gujarat.2023: Completed execution of 398 MW wind power project as an independent power producer and BoP over last 9 years.2024: Won 100 MW wind power project bids in Solar Energy Corporation of India Ltd.

tariff-based competitive bidding.2024: Entered into a joint development agreement with GE Renewable RD India Private Limited for joint development of wind solar hybrid renewable energy power projects of up to 2,000 MW in the state of Gujarat.2024: Acquired 50% of the equity share capital of retro fit emission control device manufacturers Platino Automotive Private Limited.2024: Entered into a framework agreement with Vestas Wind Technology India Private Limited for supply of multibrand spare parts, consumables and services for multi brand wind turbine generators.2024: International cooperation agreement executed between 8.2 Consulting AG and the company’s subsidiary, Powerica Renewable Infra Private Limited for the joint processing of projects in the field of wind energy.2024: Entered into a spare parts supply agreement with Hydraulic Parts Systems BV.2026: Commissioned a 50 MW wind power project in Gujarat.