India aims to install 250 million smart meters by 2027, creating a $20 billion opportunity in energy management. Smart meters are essential for India as they support efficient energy management and address the challenges of rising electricity, water and gas demand. These devices provide real-time data consumption, helping both consumers and utilities optimize usage and reduce wastage. They enable remote monitoring, accurate billing, and quicker detection of power outages, leakages or theft, ensuring better resource management.

Owing to the Indian government’s goal for smart meters to be widely adopted across the nation, numerous companies are springing up to meet the demand for them by offering innovative smart meters. You’re at the right place if you are someone who is eager to find out more about the top manufacturers of smart meters in the country!

The most prominent ten smart meter makers in India as of 2025 are listed here; they are renowned for their dependability, technological competence, and commitment to a future that is sustainable.

1. HPL Electric & Power Ltd:

HPL has secured the top position in our list of top 10 smart meter manufacturers in India. The good news is that we have some amazing reasons to support our claim. With a legacy, HPL Electric & Power Ltd. is a renowned smart meter maker in India. Founded in the year 1956, HPL Ltd. creates smart meters that revolutionize energy monitoring by fusing state-of-the-art technology with decades of experience in the related field. HPL’s smart meters are praised for their resilience and versatility, operating dependably under a range of environmental circumstances. The latest characteristic that pushes the devices towards energy consumption are a demonstration of their dedication to sustainability. HPL’s smart meters are used extensively across the country, contributing to the nation’s economical and ecologically responsible energy use. This shows the company’s involvement in modernizing India’s electrical infrastructure.

2. Schneider Electric India Pvt Ltd:

The second position is secured by none other than ‘Schneider Electric India Pvt Ltd.’. The worldwide corporation Schneider Electric has its headquarters in France. Making use of brand new technologies, automated processes, research, and other services, they focus on digital automation, energy administration, infrastructure, and industries. Founded in the year 2009, Schneider Electric India represents a division of the parent firm. In fact, Schneider Electric’s history began in 1836 after the Schneider brothers established Schneider-Creusot, an iron factory in Le Creusot, France. Schneider Electric recently finished acquiring Aveva in January 2023. Through this acquisition, the company will be able to increase its skills in the field of industrial automation and solidify its place in the rapidly evolving digital market.

3. Melange Systems Pvt Ltd:

Melange Systems Pvt Limited, a well-known smart meter manufacturer with headquarters in Bangalore, India, would be the next stop. The company was founded in 2000 and is a non-governmental technology publishing and consulting corporation with a focus on creating smart meters, wireless networking, and the Internet of Things for industrial applications. The smart meters from Melange Systems are made to give accurate and reliable energy usage readings. Industrial users may use energy more efficiently, save money, and optimize their energy use thanks to this. immediate tracking and remote energy management are made possible by the smart meters’ sophisticated communication features.

4. Genus Power Infrastructures Ltd:

Established in 1995, Genus Power Infrastructure Limited. is an Indian maker of smart meters. They are experts at creating cutting-edge smart meters that give utilities and customers real-time information on electricity usage, enabling them to control their energy use effectively. Their solutions play a major part in the shift to a more intelligent, more environmentally friendly power infrastructure by enhancing energy efficiency and modernizing electrical distribution networks in India and beyond.

5. Itron:

Since 1977, Itron India Private Limited, a reputable American technology corporation, has offered state-of-the-art goods and services for managing water and energy resources. Being a global firm, it provides both the B2B and B2C clients with cutting-edge solutions. Digital grid, gases, and meter technology options that precisely track and evaluate gas, water, and even electricity consumption are Itron’s areas of expertise.

6. Landis Gyr:

For more than 125 years, the reputable company Landis+Gyr has been offering energy management solutions. They assist utility businesses in enhancing their operations, cutting expenses, safeguarding their assets, and improving customer service by utilizing the latest smart grid technologies including sophisticated metering infrastructure. Landis+Gyr’s customized strategy for end-to-end smart energy management solutions is what sets them apart.

7. Honeywell Elster:

Well-known for its automated control and services, Honeywell Process Solutions serves a wide range of industries, including mining, biofuels, paper, energy, oil and gas, and chemicals and petrochemicals. With more than a century of experience, they have helped clients maximize their operations by utilizing cutting-edge automation technologies.

8. Maven Systems Private Limited:

A trustworthy IoT provider of modern software and hardware platforms for a range of applications is Maven Systems Private Limited. Solutions for mining machinery, solar panels, wind energy, smart lighting, remote monitoring, and, of course, smart meter production are all part of their platform portfolio. Their vast experience in wireless, industrial, and automotive technologies has helped them achieve great success in the Internet of Things arena.

9. Secure Meters Limited:

Since developing the first commercially successful energy meter in the year 1987, Secure Meters have led the electricity meter manufacturing sector. With thousands of workers spread across several nations, the company operates internationally and has experience in all areas of the energy stream.

10. Kalkitech:

One of India’s top producers of smart meters, Kalkitech has focused on digitization for the utility and energy sectors. They have solutions, that concentrate on critical applications, span the gamut between edge to data center/cloud. The company’s R&D team has expertise in IT. Kalkitech has strengthened its position as an important force in the smart meter production industry by purchasing ASE.

Final Note:

India’s smart meter market is projected to grow from USD 250.71 million in FY2023 to USD 763.2 million by FY2031, at a CAGR of 14.93%. This growth is driven by increased installations, enabling real-time monitoring, efficient energy management, and remote meter reading, which promote energy conservation and sustainability. Smart meters also facilitate the integration of renewable energy sources into the grid, enhancing power supply control and operational efficiency. Government initiatives, such as the sanctioning of 204.62 million prepaid smart meters under the Revamped Distribution Sector Scheme, further bolster market expansion.