March 6, 2025 – Quality Power Electrical Equipments Limited (QPEEL) has officially acquired a 51% stake in Mehru Electrical and Mechanical Engineers Private Limited (Mehru) in a strategic move to expand its presence in the high-voltage electrical equipment sector. The Rs. 120 crore deal, executed through a Share Purchase Agreement on March 6, 2025, marks a significant step in QPEEL’s growth strategy.
Key Details of the Acquisition
- Acquirer: Quality Power Electrical Equipments Limited (QPEEL)
- Target Company: Mehru Electrical and Mechanical Engineers Private Limited (Mehru)
- Stake Acquired: 51% (5,22,750 equity shares)
- Consideration: Rs. 120 crore, in cash
- Cost Per Share: Rs. 2,295.55
- Funding Source: Proceeds from QPEEL’s Initial Public Offer (IPO)
Following the acquisition, Mehru is now a subsidiary of QPEEL, allowing the company to integrate Mehru’s expertise in high-voltage instrument transformers into its product offerings.
Strategic Impact & Expansion
The acquisition strengthens QPEEL’s manufacturing and technological capabilities. Mehru, headquartered in Bhiwadi, Rajasthan, specializes in high-voltage instrument transformers, serving utilities, industries, and power transmission networks in India, Southeast Asia, and Africa.
With an ISO-certified advanced manufacturing facility and NABL-accredited test laboratories, Mehru brings engineering excellence, R&D capabilities, and large-scale production capacity to QPEEL’s portfolio.
The acquisition is expected to:
- Expand QPEEL’s product range in high-voltage electrical equipment
- Enhance R&D and engineering capabilities for future innovations
- Strengthen global market reach and customer base
- Improve supply chain efficiency and cost optimization
- Support the development of next-generation power grid solutions
Leadership & Governance
Following the acquisition, QPEEL has appointed Mr. P T Pandyan (Chairman & MD, QPEEL) to Mehru’s Board. Additionally, Mr. Shailesh Kumar Mishra, an Independent Director at QPEEL, has joined Mehru’s Board as an Independent Director to ensure corporate governance compliance.
Financial Performance of Mehru
Mehru has demonstrated steady financial growth, with the following turnover figures:
- FY 2024: Rs. 219.34 crore
- FY 2023: Rs. 203.05 crore
- FY 2022: Rs. 189.24 crore
QPEEL’s Vision for the Future
The acquisition aligns with QPEEL’s long-term strategy to expand its footprint in the energy sector, leveraging Mehru’s expertise to cater to a growing demand for high-voltage power solutions. By integrating Mehru’s manufacturing and R&D strengths, QPEEL aims to establish itself as a global leader in power grid infrastructure solutions.
This acquisition reaffirms QPEEL’s commitment to scaling operations, driving innovation, and strengthening India’s power sector with advanced electrical equipment solutions.
For further updates, visit www.qualitypower.com.
