Genus in FY 19
FY19 had been an exhilarating year, in which we crossed the coveted landmark of Rs 1,000 crore in revenue; the company achieved its highest-ever annual revenue that stood at Rs 1,055 crore against FY18. Our order book has continuously been growing and stood at Rs 1,498 crore at the end of FY19. Genus also achieved the highest-ever annual production and sales of around 7.5 million units of electronic energy meters of different types in the last financial year. Genus’s exports business has been growing gradually since last few years and last year was no exception. It executed several prestigious orders from South-East Asia, Middle East and African countries.
With decades of experience, domain expertise and unmatched installation base of around 60 million energy meters across the world, Genus has been aggressively participating in smart grid pilots or projects, either directly or indirectly as main or OEM supplier of smart metering solutions. Today, Genus is recognised for supplying smart metering solutions and services for power distribution companies globally and more so in India. Genus smart metering solutions or services come with communication modules, high-end systems, controls, and automation software which are designed to address critical issues faced by power distribution companies and thereby, eventually improve their financial health, quality of services and commercial sustainability. Genus tamper proof meters or smart prepayment are also gaining momentum as a key solution for reducing AT&C losses of power T&D sector.
Here, we take pride in mentioning that in the recent past, Genus was awarded the Global Center of Excellence at Jaipur for the successful testing and integration of Genus Smart Electricity Meter Solution in the Living Lab in Jaipur. Genus also received recognition from CESC, a reputed generation and distribution company for “Active Involvement in the Development of Smart Meters”. Our quality team also won 7 Gold and 3 Silvers in the 32nd National Convention Quality Circle Awards organised by “Quality Circle Forum of India” at Gwalior and Haridwar. Furthermore, Genus has recently set up an Advanced Metering Infrastructure (AMI) lab at Smart Grid Knowledge Centre (a resource centre for providing technical support in all technical matters) of PowerGrid Corporation of India Limited. This setting up of an AMI Lab affirms Genus’s capability of offering AMI solutions to meet the government’s ambitious goal of smart grid and smart cities in India. These recognitions and accolades are a testimony of the company’s technical capabilities and strong evidence of consistency in the quality of its products and services.
Genus provides end-to-end energy solutions to power utilities, wherein software plays a vital role. To address the complete functional requirements of AMI and looking into future needs of power utilities, we have ventured into software development for power utilities in a more comprehensive way in line with “Digital India” and “Make in India” initiatives. We have strengthened our specialised application software development in our R&D to serve this purpose. It also aims to make digital resources and services accessible to all electricity consumers using IoT (Internet of Things) interventions and intelligent Apps and self-service portals ecosystem development. The company has plans to offer its software platform and systems to power utilities as a service (PaaS, SaaS). We see a multi-fold growth potential for software solutions in the AMI or smart grid deployment space and are determined to tap this opportunity going forward.
Electricity meters with high-level of security features and suitable for grid modernisation, NB-IoT, data analytics, modular and scalable meters, gas and water meters with communication or prepaid features, smart street lighting for smart city applications etc figure in our future product road map. Bottomline, we invest substantially in our R&D so as to be prepared with ready products for the future needs in the metering domain which is our core expertise.
Genus has acquired several national and international quality accreditations or certifications, that bears testimony to the quality of its products and production process or procedures. The company has an advanced R&D Centre, which is recognised by the Ministry of Science and Technology, Department of Scientific and Industrial Research, Govt of India. Its test lab is accredited by NABL and has a proud CMMI Level 3 Certification for its R&D Software division. These compliance to standards, certifications and accreditations give a competitive edge to Genus over its competitors. All the metering designs are its own. Together with cutting edge equipment, manufacturing plants with automated lines, spread in Jaipur, Haridwar and Guwahati with a production capacity of over 10 million meters, reliability test set-ups, advanced design software for the design of PCBs and moulds, full-fledged tool room for making dies and moulds, injection moulding lines and lean assembly techniques enable the company to continuously improve its products as well as launch new innovative products to meet utilities’ future requirements quickly and efficiently. This complete forward and backward integration coupled with technology development capability makes it different from the competition.
Genus at ELECRAMA 2020
I have attended various national and international events in electrical and electronic sector. I have no doubt in admitting that ELECRAMA is the biggest exhibition in the electrical transmission and distribution equipment industry. I will have no surprise if ELECRAMA 2020 grows out to be the world’s largest “one-stop-showroom cum shop” for electrical equipment, items, and services. The holding of co located events and parallel activities such as “World Utility Summit”, “eTECHnxt”, RBSM (Reverse Buyer Sales Meet) further increases the fruitfulness of ELECRAMA for players like Genus.
Though Genus is a well-known brand in India, participating in ELECRAMA enables us to showcase all its products, solutions and capabilities under one roof. Key decision-makers like power utilities, government officials, financial/funding agencies, technical specialists, SIs, communication players, EPC contractors, electrical consultants, overseas visitors, academia, start-ups, students get to realise after visiting our stall or interacting with Genus that here is a company which is not just “Make in India” but is a true “Made in India” company with best of the technologies available within India. To me, this realisation to all stakeholders is the biggest benefit Genus carries forward by participating in this event.