#India #Frost & Sullivan #Schneider Electric #smart metering #Noida

Schneider Electric India Wins 2024 Company of the Year Award

Introduction

Schneider Electric India Pvt Ltd (SEIPL) has been awarded the esteemed title of 2024 Indian Company of the Year by Frost & Sullivan. This recognition highlights the company’s exemplary leadership in the metering industry and its commitment to delivering innovative, sustainable solutions that cater to both utilities and consumers.

Background

For over 60 years, Schneider Electric has established itself as a prominent player in the field of energy management and automation. Operating primarily in India, SEIPL has evolved to become a significant contributor to the smart metering market, leveraging its established experience, advanced technology, and dedication to customer value.

Industry Leadership

The metering industry assessment conducted by Frost & Sullivan reveals SEIPL's leading market share, particularly within advanced metering infrastructure (AMI). This accomplishment underscores the company's consistent ability to deliver reliable and innovative solutions that enhance operational efficiency and customer satisfaction. Schneider Electric’s smart metering devices, equipped with modern technologies, facilitate real-time data transmission and optimize energy consumption monitoring, which benefits both energy providers and consumers.

Innovation and Development

Iqra Azam, a research analyst at Frost & Sullivan, emphasizes the significance of Schneider Electric's dedication to sustainability and its ongoing efforts to harmonize innovative solutions with economic growth. The company’s focus on research and development has been pivotal in enhancing its product offerings and market responsiveness.

Commitment to Localization

Deepak Sharma, the Zone President and CEO of SEIPL, noted that increasing the localization of components used in their products not only delivers superior value to their customers but also supports the local economy. The company boasts a robust presence with 31 manufacturing facilities across India, including several smart factories.

Sustainability Initiatives

Schneider Electric India's initiatives align closely with the Indian government’s focus on promoting a greener economy. The company prioritizes maintaining transparent communication with its customers about their evolving needs and expectations, thereby fostering strong relationships built on trust.

Recognition and Achievements

Frost & Sullivan’s annual Company of the Year Award honors organizations that exhibit outstanding performance across various categories including innovative product development, customer service, and strategic growth. SEIPL’s achievements in these areas have established a benchmark in the industry and reflect its commitment to excellence.

Conclusion

As the recipient of the 2024 Indian Company of the Year Award from Frost & Sullivan, Schneider Electric India has solidified its position as an industry leader in smart metering solutions. Its ongoing commitment to innovation, sustainability, and local community support showcases the company's focus on providing transformative energy management and automation solutions that empower partners and consumers.

With an extensive network and a proactive approach to meeting market demands, Schneider Electric India is well-positioned to continue leading the charge in the metering industry and setting new standards for excellence in energy management.