Schneider Electric, a multinational electrical gear and industrial automation equipment maker, has been present in India for more than 55 years. Its India operations started out as a joint venture in 1963, says Anil Chaudhry, zone president and managing director of Schneider Electric India. In the past 15 years, the company has looked at India as a much more strategic market, and expanded its operations manifold.
Starting with a global factory in Hyderabad, and an R&D centre, the company went from 1,700 people in India with “activity” equivalent of about $150 million to 31,000 employees and $2 billion in 2021. [Schneider doesn’t break down country-specific financial numbers publicly, so these are representative of the scale of overall operations, or activity, in India and not to be seen as sales or revenue].
(This story appears in the 11 March, 2022 issue of Forbes India. To visit our Archives, click here.)