Quality Power Electrical Equipments Ltd (QPE) and Yash Highvoltage Ltd have jointly announced the signing of a Binding Term Sheet to acquire 100 per cent stake in Sukrut Electric Company Pvt. Ltd. (SECPL), a Pune-based transformer component manufacturer.
The acquisition is being executed via a complete buyout from a German multinational, QPE said in a stock exchange filing.
This transaction brings together two of India’s fastest-growing high-voltage equipment players— Quality Power, a specialist in High Voltage Power Products and Power Quality solutions, and Yash Highvoltage, a global supplier of condenser-graded bushings—to collaborate on scaling a trusted domestic brand with an international footprint.
The transaction is expected to close over the next two quarters, subject to completion of customary regulatory and commercial formalities.
The transformer industry is witnessing significant global demand, driven by transmission infrastructure upgrades, renewable energy integration, and grid expansion programs across emerging and developed markets. Reliable component supply is a key bottleneck in this growth, and the combined strength of Quality Power, Yash Highvoltage, and Sukrut are well-positioned to address this challenge, the filing said.
Legacy brand
“Sukrut Electric is a legacy brand synonymous with trust, precision, and long-term relationships across the global transformer industry,” said Bharanidharan Pandyan, Joint Managing Director of Quality Power. “Their deep integration with hundreds of transformer OEMs worldwide gives us an exceptional platform to serve the evolving demands of energy infrastructure. As grid modernization and the energy transition drive unprecedented demand for high-performance transformer components, this acquisition positions us to deliver critical technologies at scale, deepen our global presence, and play a meaningful role in enabling the next generation of resilient and efficient power systems.”
Strategic alignment
Keyur Shah, Chairman and Managing Director of Yash Highvoltage, added “Sukrut is a respected name in the transformer ecosystem with enduring relationships and technical maturity. With the combined support of Quality Power and Yash Highvoltage, we aim to expand Sukrut’s product depth, modernize operations, and position it as a preferred supplier for global OEMs. This acquisition is not just about scale—it’s about strategic alignment to serve a global market more effectively.”
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Featured photograph (source: sukrutelectric.com) is for representation only