Vdeal System Limited was originally incorporated on December 10, 2009 as a private limited company in the name and style of ‘Swastik Energy System Private Limited’ under the provisions of the Companies Act, 1956 vides Certificate of Incorporation issued by the Registrar of Companies, Cuttack. Later, the Company acquired the ongoing business of a partnership firm M/s. Vdeal System having principal place of business at Plot No. 358/3476, 357/3457, Jaydev Vihar, Bhubaneswar, Orissa vide Takeover Agreement dated April 01, 2017 and where one of its promoter Dhiraj Kochar was partner. Subsequently, the name of the Company was changed from ‘Swastik Energy Private Limited’ to ‘Vdeal System Private Limited’ vide Special Resolution passed by the shareholders in the Extra - Ordinary General Meeting of the company held on April 04, 2017 and a fresh Certificate of Incorporation dated April 21, 2017 pursuant to change of name was issued by the Registrar of Companies, Cuttack. Further, the company was converted into a Public Limited Company pursuant to Special Resolution passed by the Shareholders of the Company at the Extra - Ordinary General Meeting held on January 16, 2024 and consequently the name of the company was changed from ‘Vdeal System Private Limited’ to ‘Vdeal System Limited’ and a fresh Certificate of Incorporation dated May 20, 2024 pursuant to conversion from Private Limited Company to Public Limited Company was issued by the Registrar of Companies, Central Registration Centre.

The company, is an ISO 9001:2015 certified, providing solutions in Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, Medium Voltage (MV) Soft Starter, Energy Management System (EMS) and Smart Programmable Logic Controller (PLC) panels, Air insulated & Sandwich busducts backed by In-house Product design & development, manufacturing, system integration, servicing of automation solutions and smart electrical control panels that adhere to high international IEC standards of quality and safety. The company has business relationships with global electrical players. Such strategic tie ups with renowned brand owners give it the competitive edge over its competitors. The company is a growing Integrated Electrical and Automation solution provider dealing in comprehensive electrical solutions across industries with significant presence in multiple Industry segments. Its products are supplied to industry players through a business-to-business (B2B) model.

The company is also fueling the next wave of AI (Artificial Intelligence) and ML (Machine Learning)-driven innovation solution that can integrate IOT (Internet of things), AI and ML into a Cloud based Software as a Service (SaaS) Model. Over the past few years, IoT has become one of the most important technologies of the 21st century through which everyday objects like kitchen appliances, cars, thermostats, baby monitors can be connected to the internet via embedded devices. Hence, by providing IoT solutions, the company aims to integrate seamless communication between people, processes, and things.

Business area of the company

The company specializes in providing solutions in Smart LV panels, Smart MV panels, Smart VFD panels, Smart PLC panels, Air insulated & Sandwich bus ducts backed by In-house Product design & development, manufacturing, system integration, servicing of automation solutions and smart electrical control panels that adhere to high international IEC standards of quality and safety.

Products of the company

• LV Panel
• MV Panels
• Automation Panels
• Bus Ducts

Awards, accreditations and recognitions

• 2006: Best Performance Award for ‘Drives’ from ABB India Ltd. 
• 2012: Certificate of Appreciation for outstanding contribution in the promotion and sale of Discrete Automation & Motion Products by ABB India Ltd. 
• 2021: Appointed as Authorised Value Provider by ABB India for Exchange Units, Installation & Commissioning, Preventive Maintenance, Retrofits, Technical Support & Repairs and Upgrades. 
• 2022: Appointed as Channel Partner of ABB India Ltd. to sell Low Power Drives and Automation Products and Drives Service in Bhubaneshwar. 
• 2023: Appointed as Authorised Franchise of L&T Electrical & Automation to manufacture and sale Low Voltage Switchgear and Controlgear assemblies in ENERSYS design conforming to L&T’s design and manufacturing guidelines with L&T components & switchgear products. 
• 2024: Appointed as Channel Partner of ABB India Ltd. to sell Low Power Drives and Automation Products in Bhubaneshwar.

History and milestones

• 2009: Incorporation of the company in the name and style of ‘Swastik Energy System Private Limited’.
• 2017: Acquisition of Partnership Firm M/s Vdeal System, where one of its promoter Dhiraj Kochar was partner. 
• 2017: Change in name of the company from Swastik Energy System Private Limited to Vdeal System Private Limited.
• 2018: Turnover of the company crossed Rs 10 crore. 
• 2022: Received ISO 9001:2015 Certification for the Manufacturing and Service of Electrical Control Panel. 
• 2023: Turnover of the company crossed Rs 20 crore. 
• 2024: Company converted from Private Limited Company to Public Limited Company vide Special Resolution passed at Extra-Ordinary General Meeting held on January 16, 2024.