MV Electrosystems Limited IPO

MV Electrosystems Limited is a technology-driven company engaged in the design, development, assembly and manufacturing of electrical and power electronics equipment used in railway rolling stock. Its product portfolio includes indigenously designed IGBT-based 3-Phase Drive Propulsion Equipment for electric locomotives, switchgear panels for railway coaches and EMUs, cable protection and management products, and electrical components, systems and sub-systems. On September 15, 2025, the company received approval from Chittaranjan Locomotive Works (CLW), Indian Railways, for its 3-Phase Drive Propulsion Equipment covering traction converter-inverter systems, auxiliary converters, vehicle control units and train control management systems. The company operates assembling-cum-manufacturing facilities in Palwal, Haryana, and a Research, Design and Development centre in Faridabad, Haryana, positioning itself at the forefront of India's rail electrification and Make-in-India programmes.