Akshar Group: Literal Powerhouse Of India!

Niral Dave, CEO & Managing Director,Deval Dave, Head - Trade Operations

Niral Dave, CEO & Managing Director

Deval Dave, Head - Trade Operations

Electricity, supplied reliably and affordably, is foundational to the Indian economy and is utterly indispensable to the modern society. India is the world's third largest producer and the fourth largest consumer of electricity. The demand for electricity in the country is driven by sustained economic growth and the thrust to provide continuous power to all. The global movement to electrify transportation and manufacturing sectors will also significantly add to India's power needs. On the other front, innovation and experiment are two ongoing activities in the power industry that demand continuous electrical support and services to perform seamlessly and bring significant change to society. It is often seen that delivering desired electrical solutions becomes a challenge for different service providers as many of them exhaust to cater to the required outcome.

Renowned for its comprehensive and outreaching portfolio, Akshar Group stands out to be a leader in the power infrastructure business by providing diverse electrical needs to the power industry. All the verticals of the Akshar Group collectively deliver a world-class solution starting from designing, engineering, manufacturing top quality products to execution. Headquartered in Vadodara (Gujarat), the group is headed by Niral Dave, the CEO and Managing Director of the company. With its presence across PAN-India, the group also provides its valuable services across overseas markets majorly in Africa, South East Asia, and the Middle East. It is probably the only mid-scaled MSME Company in India offering such solutions under one roof.

"Akshar has played major roles in the solar and wind power infrastructure business in India. We have cumulatively executed more than 5GW of solar/wind power installations for developers like Adani, Greenko, Acme, Suzlon, and others. Currently, we have orders for more than 2 GW in the pipeline", says Dave.

Akshar Group Has Four Verticals Which Primarily Include:
Akshar Elecinfra Private Limited- A company dedicated to providing EPC solutions of Electrical Systems. This vertical specializes in Sub-stations, Transmission lines and Plant electricals. AEPL has installation base right up to 765kV voltage class and caters to all the segments like Power Infrastructure (Thermal, Solar & Wind) Petrochemicals, Ports & Logistics, Pharmaceuticals, Mining, Automobile, Chemical Industry to name a few. With special expertise in design of transmission lines, Akshar has executed more than 200 kilometres of transmission line ranging from 66kV to 220kV Voltage class. Akshar has installations of GAS INSULATED SUBSTATIONS (GIS) and AIR INSULATED SUBSTATIONS (AIS). Akshar takes pride in successfully executing E-BOP package for 5X660MW (3300MW) Power plant. In fact, this is one of the biggest E-BOP package executed by any contractor at single location in India.

Akshar Electric Panel Boards - Conceived in 2009, AEPB is involved in the manufacturing of L.T Electric Panel Boards. This subsidiary carries out in house customized design of panels for varied requirements & applications and manufacture all types of L.T Panels viz. Power Control Centre, Motor Control Centre, Automatic PF Control Panels, PLC based panels, Draw out type panels, VFD panels etc. AEPB has three manufacturing facilities at Manjusar, Savli with state of the art manufacturing facilities. AEPB has a proud distinction of manufacturing L.T panels right up to 6000 Ampere Capacity and 100kA Fault Levels. The firm has redefined quality standards in the panel manufacturing business! AEPB is one of India's largest SS-316 panel manufacturer and also manufactures CRP, LT Panels, Containerized Sub-stations (CSS), E-houses. AEPB Unit is certified IEC-61439 manufacturing facility. More so, AEPB has recently developed the AC Combiner box for the solar generation module system. The new technology of having the string inverter system needs the
AC Combiner boxes for taking AC power from various string invertors and transmitting to upstream AC Panel.

Akshar Agencies Electrade Private Limited ­ AAEPL is the vertical of the Akshar Group which is the authorized trade channel partner of various reputed Electrical Manufacturers from over the globe. AAEPL is the flagship company of AKSHAR GROUP. The operations of AKSHAR GROUP commenced in 1989 as dealer of CG Motors. As of today, Akshar Group is India's largest dealer for L.T Motors for CG (CROMPTON GREAVES) and also enjoys the accomplishment of being India's largest dealer for VFDs for CG.

Akshar Lee Pant ­ Aptly addressed as "The brains behind the business", this vertical is the design engineering wing of Akshar Group. AksharLeePant has the expertise to carry out complete design, engineering and testing/commissioning activities for electrical projects of any nature and size! At AksharLeePANT, a plethora of vital and reliable engineering services in the field of electrical testing, maintenance and commissioning are offered. The firm has a team of highly trained and talented young, enthusiastic and experienced Engineers and Technicians to execute various jobs.

Deval Dave, Head - Trade Operations

Under this umbrella, Akshar provides the full range of services like Design (Conceptualising, Design & Engineering Of Substations/Switch Yards), Engineering services (System Study & Calculations, Protection System Modernisation, Retrofit & Refurbishment), Testing & Commissioning (Protection & Relay Testing, Protection Scheme, Indoor & Outdoor Sub-station testing, Electrical Energy Audit Services, and Consultancy services).

Akshar Group is a giant conglomerate with Niral Dave as it Managing Director & CEO, leading the entire group from the front. Niral Dave is an Electrical Engineering graduate with a degree in business management. Currently heading all the company verticals of Akshar Group, Niral succeeded the founder, Pravinkumar Dave in 2008. Ever since accepting the reins of Akshar Group of Companies, Niral Dave is taking the company from a top line of approximately Rs 18 Crores, to a group turnover expected to touch approximately Rs 250+ Crores in this financial year of 2020-2021.

All the verticals of AKSHAR GROUP are ISO Certified and all the manufacturing facility comply with OHSAS certification apart from the CPRI/ERDA technical certifications. Today, after serving the industry for more than 25 years, Akshar Group is a one stop solution for all Industrial Electrical needs.

Akshar group provides a one-stop solution to all the electrical needs of the industry ...from design engineering expertise to manufacturing trade channel partner of world class products to expertise in EPC execution complying to best in industry standards !

Akshar also specializes in sub-stations for evacuating power into the grid. Having installed more than 150 sub-stations across Pan-India and more than 30 sub-stations outside India, Akshar has built the trust of the industry and is known for their technical competency and commitment among all its clients.

"We follow all safety standards while providing our services and have been awarded by ABB, Reliance, Adani, and other various large corporates in India for our contribution towards a safe working environment," adds Niral.

The next generation is bright and ready to take the charge. Stuti Niral Dave is currently pursuing her Bachelor's Degree in Electrical Engineering from the world recognized University of Waterloo, Canada and will shortly join the group activities and add her overseas experience and exposure to take the conglomerate's achievements to greater heights.

Akshar Group intends to expand into the manufacturing of flameproof equipment and venture into transformer manufacturing, thereby giving a big boost to its CSS/E-house businesses in the years to come. With all the recent developments and investments into the manufacturing facilities, enforcement of human resources and collaborating with world-class companies, Akshar Group is looking forward to becoming a name synonymous with electrical infrastructure business and is targeting to touch revenue of Rs 500+ Crores by 2024.

Date of Establishment: 1989
Total number of employees: 500
Office Location
Head Office: Vadodara
Manufacturing Units: Manjusar
Branch Office: Mumbai, Ahmedabad, Mundra, Indore, Hyderabad, Bangalore

Key Team Members:
• Niral Dave (Managing Director & CEO)
• Deval Dave (Head ­ Trade Operations)
• Niraj Dave (Head ­ EPC Business)
• Vinay Mehta (Head ­ Manufacturing)
• Prashant Macwan (Head ­ Design Engineering)