MV Electrosystems Limited

MV Electrosystems Limited, founded in July 2009, is a Haryana-based technology and engineering company specializing in the design, development, and production of specialized electrical equipment and advanced power electronic systems for the railway industry. Operating from its headquarters and manufacturing facilities in Faridabad and Palwal, the enterprise provides critical solutions for electric locomotives, suburban passenger train sets, and broad-gauge railway electrification networks. The operational framework of the organization centers around an in-house Research, Design, and Development Facility in Faridabad, which drives product engineering, custom hardware assembly, and rigorous technical testing. Key product offerings include IGBT-based three-phase drive propulsion systems, switchgear control panels for passenger coaches, vehicle control units, and specialized cable protection hardware. Commercial delivery of its indigenously developed locomotive propulsion systems commenced in March 2026 following formal technical approval from Chittaranjan Locomotive Works. To support ongoing corporate growth and finance expanding infrastructure projects, the company launched an initial public offering to raise fresh equity capital. The net proceeds are allocated toward meeting long-term working capital needs, expanding research and development initiatives for new power electronic products, and general corporate objectives. As of June 30, 2026, the company reported an executable order book valued at approximately 921.64 crore rupees across various railway equipment contracts.

MV Electrosystems raised 130.50 crore rupees by allocating 30,70,587 equity shares to 14 anchor investors at the upper price band of 425 rupees per share on July 29, 2026. Key anchor participants included Kotak Mutual Fund, 360 ONE Prime Ltd, Subhkam Ventures, Shine Star Build Cap, Ashika Global Finance, and Finavenue Growth Fund.