By Richa Chakravarty
Monday, October 06, 2014: The forecast for the Asia-Pacific test and measurement (T&M) device market is a CAGR of 7.4 per cent till 2020. Domestic T&M players are also hopeful of good business in the coming years.
Ranking the top T&M brands available in India is a challenge as each company has its own strengths and is a leader in a specific domain within the T&M space. While Keysight Technologies (formerly known as Agilent Technologies) is a leader in the aerospace, defence, wireless, semiconductor and automotive domains, Anritsu Pte Ltd India and Rohde & Schwarz lead in telecom and wireless as well as in communication, with Tektronix leading in oscilloscopes. Then there is Fluke Corporation, which leads in multimeters, and Goodwill, which is a strong player in the educational sector.
Here, we have ranked the firms on the basis of their revenues for the FY 2012-13.
While some players witnessed a huge jump in their revenues, others registered only marginal growth, being dependent on the growth of the sector they specialise in.
While most of the players like Keysight Technologies and Rohde & Schwarz have retained their market rankings, Rishabh Instruments jumped a position higher taking the third slot. Meco Instruments too moved a position higher, ranking ninth in the list, while Qmax Test Equipment moved two positions lower.
While most of the companies listed in the ranking are exclusively into T&M equipment, some of them are into multiple businesses with T&M being their major business, like Aplab, for instance. We have ranked the companies that manufacture T&M equipment in India and overseas, and whose brands are popular in India.
Please note, the revenue figures of some of the companies are just a part of their total turnover in India, as commissions achieved on sales of their products overseas are not included in this figure, or a part of their billing is not done in INR. Many companies could not be ranked as their revenue figures are not accessible. These companies also refused to share this data with us. Revenue figures have been procured from the website of the ministry of corporate affairs (MCA), Government of India, and verified by the companies. Some figures have been provided by the companies themselves.
Disclaimer: While Electronics Bazaar’s editorial team has taken the utmost care to contact all possible sources to make the list comprehensive, we may have inadvertently left out a few companies. Information contained in the following report has been obtained from sources deemed reliable, and Electronics Bazaar makes no claims with respect to its accuracy. Neither Electronics Bazaar nor its affiliates, officers, directors, employees, owners, representatives nor any of its data or content providers shall be liable for any errors or for any actions taken by any entity on the basis of this information.
Top 10 T&M brands in IndiaRanked on the basis of revenue, FY 2012-13 |
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|
Rank |
Company |
Revenue (in Rs, million) |
| 1 |
Keysight Technologies India Pvt Ltd |
4716.66 |
|
2 |
Rohde & Schwarz India Pvt Ltd |
3142.21 |
|
3 |
Rishabh Instruments Pvt Ltd |
908.47 |
|
4 |
Aplab Ltd |
716.14 |
|
5 |
Megger (India) Pvt Ltd |
536.80 |
|
6 |
Scientech Technologies Pvt Ltd |
360.83 |
|
7 |
Yokogawa India Ltd |
354.38 |
|
8 |
Scientific Mes-Technik Pvt Ltd |
139.77 |
|
9 |
Meco Instruments Pvt Ltd |
136.88 |
|
10 |
Qmax Test Equipments Pvt Ltd |
117.40 |
|
Rank 1 Keysight Technologies India Pvt Ltd (Formerly Agilent Technologies) |
 Annual revenue 2012-13: Rs 4716.66 million (consolidated revenue figure for India) Sudhir Tangri, country general manager Keysight Technologies is a premier company focusing on electronics and communications equipment. It is a strong player in the aerospace, defence, wireless and semiconductor sectors. It has 9500 employees and caters to customers in more than 100 countries. Earlier the company was a part of Agilent Technologies.
Contact details: Ph: 1800-11-2929 (toll free), [email protected], www.keysight.com |
|
Rank 2 Rohde & Schwarz India Pvt Ltd |
 Annual revenue 2012-13: Rs 3142.21 million (consolidated revenue figure for India) Yatish Mohan, MD Rohde & Schwarz India is a wholly owned subsidiary of Rohde & Schwarz, Germany. The company has its subsidiaries and representatives active in 70 countries. The company designs, manufactures and markets a wide range of state-of-the-art testing solutions for the electronics sector. It has invested heavily to increase its local support capabilities.
Contact details: Ph: 011-42535407, [email protected], www.rohde-schwarz.co.in |
|
Rank 3 Rishabh Instruments Pvt Ltd |
 Goliya, CMD Annual revenue 2012-13: Rs 908.47 million (consolidated revenue figure for India) Narendra J Goliya, CMD Rishabh Instruments’ core competence lies in industrial control products and T&M instruments. The company has established an in-house surface mount technology manufacturing set-up spread over 10,384 sq m, along with an in-house R&D centre, a commercial tool room, a moulding shop and a high-speed press shop. It is a government recognised exporter with more than 55 per cent of its revenue generated from exports. In 2011, it acquired Lumel SA in Poland. In the same year, Rishabh Instruments entered into a JV with ADEL Systems for DC power supplies.
Contact details: Ph: 0253-2202110/138, [email protected], www.rishabh.co.in |
|
Rank 4 Aplab Ltd |
 Annual revenue 2012-13: Rs 716.14 million (a multi-product company; consolidated revenue figure for India) Nishith Deodhar, MD Aplab is an indigenous player offering a wide range of electronic products. It is a strong player in the education sector. It has multiple product divisions, namely, T&M instruments, power conversion and controls, UPS systems, solar power products, banking and retail automation, and fault locating instruments. Aplab enjoys worldwide recognition for the quality of its products and innovative engineering skills.
Contact details: Ph: +91-22-67395555, 25821861, [email protected], www.aplab.com |
|
Rank 5 Megger (India) Pvt Ltd |
 Annual revenue 2012-13: Rs 536.80 million Ajay Goyal, MD Megger designs and makes T&M instruments that perform electrical measurements for preventive maintenance, troubleshooting and commissioning. It now has offices in many locations with field sales teams and distributors all over the world.
Contact details: Ph: +91-22-66711621, www.megger.com/in |
|
Rank 6 Scientech Technologies Pvt Ltd |
 Annual Revenue 2012-13: Rs 360.83 million (a multi-product company; consolidated revenue figure for India) Ambrish Kela, MD and CEO Scientech Technologies offers a diverse range of more than 550 T&M products. It has a pan-India presence and exports to more than 65 countries across the world.
Contact details: Ph: +91-731-4211100, [email protected], www.scientechworld.com |
|
Rank 7 Yokogawa India Ltd |
 Annual revenue 2012-13: Rs 354.38 million (a multi-product company but this revenue is only of the T&M dvision) Tsutomu Murata, MD Yokogawa India Ltd is a comprehensive solution provider of enterprise technology solutions and T&M equipment. It has a state-of-the-art manufacturing facility in Bengaluru.
Contact details: Ph: +91-80-41586000, www.yokogawa.com |
|
Rank 8 Scientific Mes-Technik Pvt Ltd |
 Annual revenue 2012-13: Rs 139.77 million (a multi-product company) Anirudha Kela, MD Scientific Mes-Technik is an indigenous player with almost 50 years of market experience. It is a vertically integrated company with a pan-India presence alongwith seven branch offices.
Contact details: Ph: +91-731-2422330/33, [email protected], www.scientificindia.com |
|
Rank 9 Meco Instruments Pvt Ltd |
 Annual revenue 2012-13: Rs 136.88 million Premchand Goliya, CMD Meco designs, develops and manufactures electrical and electronics T&M instruments and transducers. It has a network of over 100 dealers across India. It has a team of 100 skilled and trained personnel equipped with complete in-house facilities.
Contact details: Ph: 0091-22-27673311-16, [email protected], www.mecoinst.com |
|
Rank 10 Qmax Test Equipments Pvt Ltd |
 Annual revenue 2012-13: Rs 117.40 million S R Sabapathi, founder director Qmax Test Equipments was formed as a 100 per cent EOU (export-oriented unit) under the EHTP scheme of the STPI. Qmax offers automated test equipment for PCBs, semiconductor devices, etc. It has a sales and service network in all the six metro cities.
Contact details: Ph: +91-44-24509627, [email protected], www.qmaxtest.com |
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