Acquisitions25 Dec 2025, 09:01 pm
Quality Power Electrical Equipments Ltd Subsidiary Acquires 76% Stake in Veeral Controls Pvt Ltd for INR 15,20,00,000
AI Summary
Quality Power Electrical Equipments Ltd announced the acquisition of a 76 percent equity stake in Veeral Controls Pvt Ltd, a Gandhinagar based company with over three decades of experience in high current power electronics and industrial power conversion systems. The total equity infusion under the transaction is approximately INR 15,20,00,000 (Indian Rupees Fifteen Crore and Twenty Lakh only), entirely through primary capital issuance. Veeral Controls is a three-decade-old power electronics company specialising in high current rectifiers and power conversion systems for industrial, rail, nuclear, and defense applications, with strong in-house engineering and proprietary control technologies.
Key Highlights
- Quality Power Electrical Equipments Ltd subsidiary acquires 76% stake in Veeral Controls Pvt Ltd
- Total equity infusion of INR 15,20,00,000
- Veeral Controls has over three decades of experience in high current power electronics and industrial power conversion systems
- Veeral Controls specialises in the design and manufacture of high current rectifier systems, locomotive and traction power conversion equipment, and defence grade power electronics
- The acquisition strengthens Quality Power's capabilities in high current rectification and process level power conversion