Genus Power Aims for 1.5M Smart Meters Monthly!
Riding the wave of India’s energy digitization, Genus Power Infrastructures expands its manufacturing capacity and targets significant global growth across strategic markets.
Summary:
Genus Power Infrastructures Ltd. has significantly ramped up its smart meter production capacity to 1.5 million units per month, reinforcing its position as a leader in India’s smart metering mission. The company is currently generating ₹90-95 crore annually through exports and has set its sights on achieving ₹500 crore in exports over the next 3 to 5 years. With a focus on four to five strategic international markets and rising domestic demand driven by India’s power sector modernization, Genus is well-positioned to play a central role in the global smart energy transformation.
As India accelerates its shift toward smarter, digitized energy infrastructure, Genus Power Infrastructures Ltd., one of the country’s foremost innovative metering companies, has scaled up its monthly smart meter production to a staggering 1.5 million units. This expansion aligns with both the Government of India’s ambitious nationwide smart metering rollout and the company’s own international aspirations.
The significant increase in production capacity comes as Genus Power doubles down on its commitment to transforming energy distribution efficiency—both domestically and globally—through cutting-edge smart meter technology.
Meeting India’s Energy Vision: A Domestic Surge
India’s energy landscape is undergoing a radical transformation under the Revamped Distribution Sector Scheme (RDSS) and the National Smart Metering Mission (NSMM). With a goal to replace 25 crore conventional meters with smart meters by 2025-26, the country offers fertile ground for companies like Genus Power.
Genus is already a significant beneficiary of large-scale smart metering tenders issued by government-owned energy distribution companies (DISCOMs) and energy service companies (ESCOs) across India. The increase in production capacity is aimed at fulfilling the massive demand pipeline, particularly from key states such as Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, and Gujarat.
The smart meters produced by Genus offer real-time monitoring, remote disconnection/reconnection, tamper alerts, and seamless data transmission—key functionalities that aid in reducing Aggregate Technical and Commercial (AT&C) losses, improving billing efficiency, and enhancing energy access.
According to Jitendra Kumar Agarwal, Joint Managing Director of Genus Power, “We are proud to contribute to the nation’s energy transformation goals. Our scale-up to 1.5 million meters per month reflects the rising demand for high-quality, reliable smart metering solutions.”
A Global Vision: From ₹95 Crore to ₹500 Crore in Exports
While the domestic market remains a high priority, Genus is increasingly looking outward to international markets to tap into the global smart meter demand, which is projected to grow rapidly amid rising energy costs, grid modernization efforts, and carbon neutrality goals.
Currently, Genus Power is clocking ₹90-95 crore annually in export revenues, serving a diverse set of clients across Asia, Africa, the Middle East, and Latin America. However, the company has now set a target of ₹500 crore in exports over the next 3 to 5 years, a nearly five-fold jump, signalling its aggressive push into global markets.
“We are focusing on four to five strategic markets where utility reforms and smart grid initiatives are gaining traction,” Agarwal confirmed. The identified regions are expected to witness a surge in demand for smart grid infrastructure driven by population growth, electrification, and digital transformation policies.
Export Strategy: Local Partnerships and Tech Differentiation
To achieve its ambitious export target, Genus Power is deploying a multipronged strategy that includes:
Collaboration with local utility companies and energy organizations
Customized metering solutions that comply with country-specific regulatory norms
On-ground support and after-sales service infrastructure
Digital solutions for instantaneous monitoring, invoicing, and grid analysis
Genus also stands out for its in-house R&D capabilities, with over 200 patents filed and a robust product innovation pipeline, ensuring it remains ahead of technological curves and evolving international standards.
The Smart Metering Boom: A Global Opportunity
Globally, the smart meter market is projected to surpass $30 billion by 2030, according to various industry reports. This growth is driven by rising urbanization, need for energy conservation, transition to renewable power, and regulatory mandates.
In regions such as Southeast Asia, Sub-Saharan Africa, and Latin America, where grid losses and power theft remain significant challenges, smart meters are emerging as a key solution for improving financial health of utilities.
Genus Power’s export ambitions are well-timed to leverage this once-in-a-generation market shift, where technological leadership, operational scale, and cost-efficiency will define winners.
Backed by Financial and Policy Tailwinds
Genus Power has also been in the spotlight for its role in India’s smart metering rollout under public-private partnership models. It has been a successful participant in recent tenders issued under Advanced Metering Infrastructure (AMI) projects, many of which are being structured on a BOOT (Build, Own, Operate, Transfer) basis.
These projects are also backed by financial institutions such as REC (Rural Electrification Corporation) and PFC (Power Finance Corporation), giving Genus significant financial flexibility and execution confidence.
Moreover, the Government of India’s push for Make in India, along with PLI schemes (Production-Linked Incentives) for electronics manufacturing, adds another layer of support to Genus’s domestic and export-driven manufacturing plans.
Conclusion: A Metered Approach to Global Leadership
With its upgraded production capacity, Genus Power is not only meeting India’s urgent infrastructure demands but also setting the stage for global leadership in innovative metering technology. As the world moves toward cleaner, more accountable energy systems, companies like Genus will play a pivotal role in powering this transition through digital innovation, scale, and sustainability.
With solid fundamentals, a proactive leadership team, and a well-defined global strategy, Genus Power is ready to become a significant contender in the worldwide energy technology sector.
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