Top 10 Smart Meter Manufacturers in India

India is in the middle of one of the largest metering upgrades attempted anywhere in the world — the Revamped Distribution Sector Scheme is targeting replacement of 250 million conventional electricity meters with smart meters, a rollout the government has priced at roughly ₹1.3 lakh crore. Bihar led the way with an early rollout, Assam followed close behind, and DISCOMs across the country are now racing to catch up. Behind that scale sits a genuinely competitive manufacturing landscape, spanning established Indian listed companies and global metering specialists with Indian operations. This list covers the top 10 smart meter manufacturers in India in 2026.

1. Genus Power Infrastructures Limited

Genus Power stands as India’s largest pure-play smart meter manufacturer, originally incorporated in 1992 and now a central player in the RDSS rollout across multiple states.

• Manufactures a broad range of smart meters compliant with IS 16444 standards
• Market capitalisation around ₹7,242 crore, with a healthy operating profit margin above 21 percent
• Long-standing manufacturing base gives it scale advantages in fulfilling large DISCOM tenders
• Regularly cited as the benchmark name whenever India’s smart metering manufacturing base comes up

2. HPL Electric & Power Limited

HPL has built a genuinely strong metering product line, particularly its i-Credit series, combining prepayment functionality with robust communication technology.

• Its i-Credit 350 model offers dual communication technology across RF and GPRS
• Supports both prepayment and post-payment functionality, giving DISCOMs flexibility in billing models
• Tamper-proof design with event logging, a critical feature given India’s historical AT&C loss challenges
• Compliant with IS 16444 standards required for RDSS-sanctioned rollouts

3. L&T Electrical & Automation (Larsen & Toubro)

L&T brings its broader engineering conglomerate scale into smart metering through its WMS12 product line, positioning itself as a serious infrastructure-grade manufacturer.

• WMS12 smart meters offer advanced two-way communication and remote load management
• Real-time energy usage data alongside tamper and fraud detection capabilities
• High accuracy and full compliance with IS 16444 standards
• Backed by L&T’s broader manufacturing and project execution capabilities across large government contracts

4. Secure Meters Limited

Secure Meters has built decades of specialisation specifically in metering technology, giving it deep domain expertise beyond broader electrical conglomerates.

• Long-established presence in India’s metering industry with dedicated manufacturing infrastructure
• Regularly listed among the top smart meter companies actively supplying India’s AMI rollout
• Focus specifically on metering rather than diversified electrical products gives it concentrated expertise
• Positioned as a specialist player among the broader field of general electrical equipment manufacturers

5. Schneider Electric India

Schneider Electric brings its globally recognised energy management technology into the Indian smart metering market through its iEM3000 series.

• Offers advanced load profiling and detailed energy consumption tracking
• Built-in communication modules supporting Modbus and Ethernet protocols
• Real-time data analytics and reporting, with integration into broader building management systems
• Compliant with international metering standards, appealing particularly to commercial and industrial customers

6. Adani Energy Solutions Limited

Adani Energy Solutions has moved aggressively into smart metering infrastructure, combining its transmission and distribution business with a growing AMISP presence.

• Market capitalisation around ₹1,19,020 crore, among the largest listed players connected to this sector
• Involved in Advanced Metering Infrastructure Service Provider contracts under the RDSS framework
• Backed by Adani Group’s broader power transmission and distribution infrastructure
• Positioned to benefit significantly as DISCOMs across states accelerate their metering rollouts

7. Landis+Gyr

Landis+Gyr operates as one of the world’s most established advanced metering infrastructure companies, bringing decades of global deployment experience into the Indian market.

• Global leader in AMI technology with extensive international deployment experience
• Provides both hardware and software components of the smart metering ecosystem
• Cited alongside Itron and other global names as a key player in India’s ₹25,000-30,000 crore smart meter manufacturing opportunity
• Strong track record supporting large-scale utility rollouts across multiple countries

8. Itron

Itron brings global metering technology expertise into India, competing directly with Landis+Gyr and domestic manufacturers for large DISCOM contracts.

• Established global player in smart grid and metering technology
• Regularly featured among the key manufacturers supplying India’s expanding AMI market
• Offers both metering hardware and broader grid analytics capabilities
• Positioned to capture share as more states move beyond early-adopter DISCOMs like Bihar and Assam

9. Avon Meters Pvt. Ltd.

Avon Meters has carved out a focused position specifically in single-phase smart metering, an important category given India’s massive residential consumer base.

• Its D11-SM single-phase smart meter supports remote data communication via GPRS
• Load disconnection and reconnection capability built directly into the meter
• Inbuilt tamper-proof design compatible with broader AMI infrastructure
• High accuracy real-time monitoring suited specifically to residential-scale deployment

10. Kalkitech

Kalkitech occupies a distinct niche within India’s smart metering ecosystem, focusing on the software and analytics layer that sits on top of the physical meters themselves.

• Provides AMI software and grid analytics platforms rather than pure hardware manufacturing
• Increasingly important as DISCOMs need to actually use the data smart meters generate, not just collect it
• Represents the fast-growing analytics segment of the broader ₹1.3 lakh crore smart metering opportunity
• Works alongside hardware manufacturers to deliver complete, functional AMI ecosystems for utilities

Frequently Asked Questions

Q1. Which company is India’s largest smart meter manufacturer?

Genus Power Infrastructures holds that position as the largest pure-play domestic manufacturer, deeply involved in RDSS-driven state rollouts across the country.

Q2. What does AMISP mean in the context of smart metering?

AMISP stands for Advanced Metering Infrastructure Service Provider, the model where private companies install, own, and maintain smart meters under long-term contracts with DISCOMs.

Q3. Which Indian states have seen the most successful smart meter rollouts so far?

Bihar leads nationally with roughly 6.3 million meters installed, followed by Assam, both benefiting from early adoption and strong state government backing.

Q4. Do smart meters actually reduce electricity theft and billing losses?

Yes, tamper detection, remote monitoring, and accurate real-time billing are specifically designed to reduce AT&C losses, one of the core problems RDSS aims to solve.