Norisys Technology explores majority stake sale at 5000-6000 crore valuation. The Faridabad-based premium electrical switches maker has engaged Alvarez & Marsal to identify potential investors. With India's electrical equipment market projected to reach 95 billion dollars by 2029, driven by infrastructure expansion and urbanization, Norisys is positioned to capitalize on rising premiumization in residential and commercial segments. Founded in 1987, the company reported standalone operating revenue of 305.14 crore in FY25, up from 265.57 crore previously, with profit reaching 105.91 crore. This would mark the company's first external funding round as it competes in a space dominated by Havells, Schneider Electric, ABB, and Siemens. The deal structure remains under discussion as promoters gauge investor interest in the highly profitable asset.
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