Sharika Enterprises has acquired a majority stake in Contronics Switchgear India (CSIPL), renowned for its expertise in manufacturing of a wide range of electrical control panels. This strategic move solidifies CSIPL’s status as a subsidiary of Sharika Enterprises and represents achieving a significant milestone in the power sector.
This acquisition of the controlling stake of CSIPL by Sharika Enterprises brings synergies and enhances market reach. Additionally, the partnership facilitates operational scaling, allowing both entities to broaden their offerings. Renowned for its expertise in government projects, Sharika Enterprises complements CSIPL's strength in serving private customers.
Together, they are well-positioned to provide a comprehensive range of electrical substations and control panels, catering to diverse client needs across various sectors.
Sharika Enterprises operate in the infrastructure sphere in India focusing on the power sector and work with international and Indian power equipment manufacturers and involved in project management/EPC contractors.
