CG Power and Industrial Solutions
CG Power and Industrial Solutions is an Indian electrical-equipment company supplying systems and products for power generation, transmission, distribution, industry, and rail transportation.
Last updated October 17, 2026
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Overview
CG Power and Industrial Solutions Limited is an Indian industrial company whose principal activities center on electrical equipment and systems for power generation, transmission, distribution, and rail transportation. It is the successor to the industrial business historically associated with Crompton Greaves, a name that developed from the British electrical-engineering businesses founded by R. E. B. Crompton and James Greaves in the nineteenth century. The company is headquartered in Mumbai and is currently part of the Chennai-based Murugappa Group. The corporate lineage reaches back to 1878, when Colonel R. E. B. Crompton founded R. E. B. Crompton & Company. That business was combined with F. A. Parkinson in 1927 to form Crompton Parkinson Ltd. In India, Greaves Cotton and Company, founded by James Greaves in 1859, served as a concessionaire for the Crompton Parkinson business. The Indian company was incorporated on 28 April 1937 as Crompton Parkinson Work Private Limited. It was acquired by Karam Chand Thapar of the Thapar Group in 1947, became a public company in 1960, and adopted the name Crompton Greaves Limited in 1966. During the Cold War period, the company participated in technology-transfer relationships with the Soviet Union and other Eastern Bloc countries. These relationships formed part of its historical development in electrical technologies and industrial equipment. Over time, the business operated across both consumer electrical products and industrial power systems, with the Crompton Greaves name used across the broader portfolio. A major structural change began in 2014, when Crompton Greaves announced plans to separate its consumer-goods activities from its power and industrial-systems operations. The demerger was completed in 2016. The consumer business was listed as Crompton Greaves Consumer Electricals Limited, while the industrial business remained the basis of the renamed CG Power and Industrial Solutions. In January 2017, Crompton Greaves Limited formally changed its name to CG Power and Industrial Solutions Limited, reflecting the company's post-demerger focus. The company faced a serious governance and reporting crisis in 2019, when it disclosed that unauthorized transactions by employees had led to an understatement of liabilities by thousands of crores in the previous financial year. The disclosure triggered scrutiny and formed an important chapter in the company's corporate history. In 2020, Tube Investments of India, a Murugappa Group company, acquired a 56 percent stake in CG Power for ₹700 crore, bringing the company into the Murugappa Group. CG Power's present identity therefore combines a long-established Crompton engineering lineage with a more focused industrial portfolio and new group ownership. Its product scope includes medium-voltage switchgear and related electrical systems, including vacuum circuit breakers, protection and control vacuum circuit breakers, gas-insulated switchgear, and ring main units. The company also supplies rail-transportation equipment such as traction motors, converters, cubicles, relays, and point machines. Its laboratories include facilities that received accreditation from the National Accreditation Board for Testing and Calibration Laboratories, including accreditation for five laboratories and one calibration laboratory. The available reference material does not establish a complete current product catalogue, geographic revenue breakdown, or detailed present executive roster.
History
CG Power and Industrial Solutions traces its heritage to the nineteenth-century electrical-engineering activities associated with R. E. B. Crompton and James Greaves. R. E. B. Crompton established R. E. B. Crompton & Company in 1878. In 1927, that enterprise was merged with F. A. Parkinson to create Crompton Parkinson Ltd. Greaves Cotton and Company, established by James Greaves in 1859, acted as the business's concessionaire in India. The Indian corporate entity was incorporated on 28 April 1937 under the name Crompton Parkinson Work Private Limited. In 1947, Karam Chand Thapar of the Thapar Group acquired the company. It became a public company in 1960 and changed its name to Crompton Greaves Limited in 1966. The business subsequently developed activities in power equipment, electrical systems, and related industrial applications. During the Cold War era, it cooperated with the Soviet Union and Eastern Bloc countries in technology-transfer arrangements involving electrical technologies. For many years, Crompton Greaves combined industrial power equipment with consumer electrical products. This structure changed during the 2010s. In July 2014, the company announced a plan to separate the consumer-goods business from the power and industrial-systems business. The demerger was completed in 2016, and Crompton Greaves Consumer Electricals Limited became the separately listed consumer-electrical company. The separation marked a strategic refocusing of the remaining business on industrial and power-related activities. In January 2017, the remaining company changed its legal and operating name from Crompton Greaves Limited to CG Power and Industrial Solutions Limited. The new name was intended to represent its narrower industrial identity. Its documented product activities include medium-voltage switchgear, vacuum circuit breakers, protection and control vacuum circuit breakers, gas-insulated switchgear, and ring main units. The company also supplies equipment used in rail transportation, including traction motors, converters, cubicles, relays, and point machines. The company experienced a major governance controversy in 2019. CG Power reported that unauthorized transactions by employees had caused the company's liabilities to be understated by thousands of crores in the preceding financial year. This disclosure became a significant turning point in the company's recent history and led to heightened attention regarding its financial reporting and internal controls. In September 2020, Tube Investments of India acquired a 56 percent stake in CG Power for ₹700 crore. Tube Investments is part of the Murugappa Group, headquartered in Chennai, and the transaction made CG Power a Murugappa Group company. The reference material identifies the company as based in Mumbai and operating in power generation, transmission, distribution, and rail transportation. It also records accreditation by the National Accreditation Board for Testing and Calibration Laboratories for five laboratories and one calibration laboratory. Detailed information on the company's current leadership, present operating markets, financial performance, and post-2020 strategic initiatives is not established by the supplied references.
- 2020
Murugappa Group becomes controlling owner
[1]Tube Investments of India acquired a 56 percent stake in CG Power for ₹700 crore.
- 2019
Liability understatement is disclosed
[1]The company reported unauthorized transactions by employees and an understatement of liabilities by thousands of crores in the previous financial year.
- 2017
Current corporate name is adopted
[1]Crompton Greaves Limited changed its name to CG Power and Industrial Solutions Limited.
- 2016
Consumer business is separated
[1]The demerger was completed and Crompton Greaves Consumer Electricals Limited was listed as a separate company.
- 2014
Demerger plan is announced
[1]Crompton Greaves announced a plan to separate its consumer electrical business from its power and industrial systems activities.
- 1966
Name changes to Crompton Greaves Limited
[1]The company adopted the name Crompton Greaves Limited.
- 1960
The company becomes publicly held
[1]The company went public.
- 1947
Acquisition by the Thapar Group
[1]Karam Chand Thapar of the Thapar Group acquired the company.
- 1937
Indian corporate predecessor is incorporated
[1]Crompton Parkinson Work Private Limited was incorporated in India on 28 April 1937.
- 1927
Crompton Parkinson Ltd is formed
[1]R. E. B. Crompton & Company was merged with F. A. Parkinson to form Crompton Parkinson Ltd.
Products and positioning
An Indian industrial electrical-equipment supplier focused on power-system infrastructure and railway electrification rather than consumer electrical goods after the 2016 demerger.
Power transmission and distribution equipment
Medium-voltage switchgear
CG Power's documented industrial portfolio includes medium-voltage switchgear used to control, protect, and isolate electrical circuits in power networks and industrial installations. The category includes several forms of switching and protection equipment, supporting the company's focus on electricity transmission and distribution infrastructure.
Switchgear and protection equipment
Vacuum circuit breakers
Vacuum circuit breakers are among the company's listed medium-voltage offerings. They are used for switching and interrupting electrical current in power-system applications, providing protection and operational control for distribution networks and industrial equipment.
Power distribution equipment
Gas-insulated switchgear and ring main units
The portfolio includes gas-insulated switchgear and ring main units for medium-voltage distribution applications. These products form part of the company's equipment range for network switching, protection, and compact power-distribution installations.
Railway electrical systems
Rail transportation equipment
CG Power supplies a range of equipment for rail transportation, including traction motors, converters, electrical cubicles, relays, and point machines. Together, these products support railway traction, control, signaling-related functions, and associated electrical infrastructure.
Controversies
2019
Unauthorized transactions and understated liabilities
CG Power disclosed that employees had carried out unauthorized transactions, resulting in an understatement of the company's liabilities by thousands of crores in the previous financial year. The disclosure became a major governance and financial-reporting issue for the company.
Brand decisions
2020
Tube Investments acquires a controlling stakeM&ABackground
CG Power was transitioning following the 2019 disclosure concerning unauthorized transactions and understated liabilities.
Action taken
Tube Investments of India acquired a 56 percent stake in CG Power for ₹700 crore.
Aftermath
CG Power became part of the Murugappa Group.
Acquisition consideration. ₹700 crore (September 2020)
2017
Adopt the CG Power and Industrial Solutions nameStrategyBackground
The company had completed the separation of its consumer electrical business and was focusing its identity on industrial and power-related operations.
Action taken
Crompton Greaves Limited changed its name to CG Power and Industrial Solutions Limited.
Aftermath
The new name formalized the company's post-demerger industrial positioning.
2014
Separate consumer electricals from industrial power systemsStrategyBackground
Crompton Greaves operated consumer electrical and industrial power businesses within the same corporate structure.
Action taken
The company announced a demerger intended to separate the consumer-goods business from the power and industrial-systems segment.
Aftermath
The restructuring was completed in 2016, with the consumer business listed separately and the remaining company later renamed CG Power and Industrial Solutions.
Recent events
- 2020
Tube Investments acquires controlling stake in CG Power[1]
M&A · Leadership change
Tube Investments of India acquired a 56 percent stake in CG Power, bringing the company under the Murugappa Group.
- 2017
Crompton Greaves changes its name to CG Power and Industrial Solutions[1]
Other
The company adopted its current name after the separation of its consumer electrical business, emphasizing its industrial and power-systems focus.
- 2016
Consumer electrical business listed after demerger[1]
Other
The restructuring was completed, with Crompton Greaves Consumer Electricals Limited becoming the separately listed consumer-goods business.
- 2014
Crompton Greaves announces separation of consumer and industrial businesses[1]
Other
Crompton Greaves announced plans to demerge its consumer electrical business from its power and industrial systems business.
Sources3 sources
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