India’s Battery Energy Storage System (BESS) sector is accelerating at an unprecedented pace. As of September 2025, the country has installed over 204.5 MW (505.6 MWh) of BESS capacity, a significant leap from earlier years. The rapid growth is fueled by the government’s ambitious renewable energy targets, which aim for 500 GW of non-fossil fuel capacity by 2030, and a projected requirement of 74 GW / 411 GWh of storage by 2032.

The largest battery energy storage system companies in India, including Exide Industries, Waaree Energies, Amara Raja Energy & Mobility, Sterling and Wilson Renewable Energy, and Luminous Power Technologies leads the transformation.

In this blog, we’ll explore the Top 10 Battery Energy Storage System Companies in India (2025), providing detailed profiles of each company along with their flagship projects, products, and features.

List of Top 10 Battery Energy Storage System Companies in India (according to revenue generated)

Exide Industries Ltd

Exide Industries Limited is the largest battery energy storage system company in India with an annual revenue of INR 16,588 crores. The company is a household name in the battery sector and has been a dominant force in India’s lead-acid battery market for over 70 years.

Initially known for lead-acid batteries, the company has progressively expanded into advanced energy storage technologies such as lithium-ion solutions. Exide’s nine manufacturing units across India utilize cutting-edge technology to produce batteries for automotive, power, telecommunications, and export markets in Southeast Asia and Europe.

Through its wholly-owned subsidiary, Exide Energy Solutions (EESL), the company is investing in lithium-ion cell manufacturing with a planned 6 GWh capacity facility in Bengaluru, expected to be operational by the end of FY2025. Exide is also forging strategic partnerships, such as its recent collaboration with Oil and Natural Gas Corporation (ONGC), to explore opportunities across the battery ecosystem.

Major Projects and Products:

• Optimized cost using advanced VRLA AGM battery technology

• Enhanced safety with low probability of thermal runaway

• Easy handling for efficient operations

• 95% recyclability, supporting sustainability initiatives

• Bengaluru-based multi-GWh lithium-ion cell manufacturing facility

• Integration of BESS at renewable energy sites for round-the-clock supply

Waaree Energies Ltd

Waaree Energies has emerged as one of the largest BESS companies in India by integrating advanced battery energy storage solutions with its established solar EPC expertise. Its customized storage solutions are designed to optimize energy consumption, reduce electricity costs, and unlock new revenue streams through grid participation.

Its lithium-ion battery offerings under the Waaree Li-ion Batteries brand focus on performance, modularity, and scalability, catering to varied energy requirements. Through product lines like the LIGER, LION, and LIT series, Waaree delivers high energy density and versatile installation options for everything from small-scale systems to larger grid applications.

Major Projects and Products

• Customized battery energy storage solutions for diverse applications

• Solar-storage packages that enhance self-consumption and reduce electricity costs

• Support for grid services to generate additional revenue streams

• High-performance lithium-ion batteries for eco-friendly energy storage

• LIGER series for ESS power greater than 10 KW with modular installation

• LION series for systems below 10 KW

• LIT series offering 12.8V–25.6V configurations from 6Ah to 160Ah

• LYNX series EV batteries in 24V, 48V, 60V, 72V, and 96V configurations from 5–10 KW

• Total energy storage solutions, including energy power stations, commercial ESS, and street lamp systems

Amara Raja Energy & Mobility Ltd

Amara Raja Energy & Mobility (ARE&M) stands as India’s largest manufacturer of automotive batteries and allied products, trusted by retail customers and original equipment manufacturers (OEMs) alike.

Its flagship brands, including Amaron® and Powerzone, have become synonymous with reliability and performance across the automotive sector. The company’s products are distributed through an extensive pan-India network and exported to over 60 countries.

ARE&M also caters to industrial segments such as UPS, telecom, railways, defence, and more, offering a wide array of battery solutions that power critical infrastructure and innovation.

Major Projects and Products:

• India’s largest manufacturer of automotive batteries, serving OEMs and retail customers

• Flagship automotive battery brands: Amaron® and Powerzone

• Industrial battery brands: PowerStack®, AmaronVolt®, and Quanta®

• Battery exports to over 60 countries worldwide

• Supplies batteries to major automotive OEMs, including Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, and Tata Motors

• Pioneered Valve Regulated Lead Acid (VRLA) battery manufacturing in India

• Total investment of INR 2,400 crore in the first 1 GWh lithium-ion cell production line by FY27

Sterling and Wilson Renewable Energy Ltd

Sterling and Wilson Renewable Energy Limited (SWREL) is a global leader in renewable energy engineering, procurement, and construction (EPC), offering end-to-end solutions across utility-scale solar, floating solar, hybrid systems, and energy storage. The company’s portfolio exceeds 22.8 GWp across projects at various stages, while its operation and maintenance (O&M) services cover 9.3 GWp of solar assets.

Operating in 28 countries, including India, Southeast Asia, the Middle East, Africa, Europe, Australia, and the Americas, SWREL has built a reputation for delivering high-quality, cost-optimized renewable solutions. The company began investing in energy storage as early as 2018 and now has over 50 MWh of storage capacity integrated into solar PV hybrid projects.

SWREL’s energy storage expertise spans multiple technologies, including lithium, flow batteries, sodium-ion, and advanced lead-acid systems. It offers both AC and DC coupled storage solutions, distributed and tracker-mounted options, performance analysis, and battery augmentation. 

Its in-house manufacturing capabilities enable custom container and prefab solutions optimized through advanced CFD and thermal management. The company’s landmark project in Rajasthan, a 1,000 MWh standalone BESS, represents India’s largest battery storage installation and one of the few at the GWh scale globally. 

Major Projects and Products

• Presence in 28 countries across Asia, Africa, Europe, Australia, and the Americas

• In-house manufacturing of containers, prefab, and RCC-based energy storage solutions

• Technology-agnostic solutions covering lithium, flow battery, sodium-ion, and advanced lead-acid chemistries

• Advanced CFD analysis and thermal management for battery rooms and containers

• Aligned with India’s National Electricity Plan targeting 82.37 GWh storage capacity by 2026-27

Luminous Power Technologies

Luminous Power Technologies stands as one of the largest energy storage system (ESS) manufacturers in India. The company recently expanded its manufacturing footprint by setting up a new Lead Acid Battery production facility in Haridwar, Uttarakhand. Spanning 8 acres at the SIDCUL Industrial Estate. 

The facility operates sustainably, powered by 3,036 solar panels generating 1 MW of electricity, the second largest industrial rooftop solar installation in Uttarakhand. Luminous has also introduced a comprehensive range of advanced lithium-ion solutions, including smart inverters and battery systems tailored to Indian conditions. 

The new products deliver superior performance with features such as three times faster charging, nearly 50 percent more backup, and three times longer life than traditional batteries. The lightweight and eco-friendly Luminous Helios system offers installation flexibility, zero emissions, and universal compatibility with inverter systems.

Major Projects and Products

• First-ever green positive plate manufacturing using 100% grey oxide in the Wet paste filling process

• Luminous Helios Lithium Battery System with 3x faster charging, ~50% higher backup, and 3x longer life

• Lightweight, zero-emission design with universal compatibility and flexible installation

• Capacities include 12.8V|100Ah, 25.6V|100Ah, 51.2V|100Ah, and 51.2V|314Ah configurations

• EVO.Li inverter offering 50% faster charging and enhanced safety for sensitive devices.

• Integration with high and low-frequency inverters, solar, and non-solar systems

Livguard Energy

LivGuard Energy is a leading firm in the energy storage sector, catering primarily to the residential segment within the renewable energy and power backup industry. Established in 2014 and headquartered in Gurgaon, India, the company focuses on providing reliable energy management solutions through products such as home inverters, inverter batteries, automotive batteries, and solar rooftop systems. Its offerings span lithium-ion, lead-acid, and sodium-ion battery technologies, designed for residential, automotive, and e-mobility applications.

The company is scaling its production capabilities, aiming for a 25 GWh battery manufacturing capacity, and is actively expanding its Energy Storage Systems (ESS) facilities, particularly in Manesar, Haryana. 

Its growth strategy includes developing hybrid off-grid solar inverters and advanced e-mobility solutions while strengthening its brand presence and distribution network. LivGuard Energy envisions becoming a global leader in energy storage by investing in innovative product development and enhancing customer access to sustainable power solutions.

Major Projects and Products

• Development of hybrid off-grid solar inverters for resilient energy access

• E-mobility solutions catering to the growing demand for electric transportation

• Residential power backup and energy management products

• Manufacturing centers in Himachal Pradesh:

• Shivpur Mahal, Amb, Una

• Mubarikpur, Baddi, Solan

• Lehi Mauja, Baddi, Solan

HBL Power Systems Ltd

HBL Power Systems Ltd. is one of the largest battery energy storage system manufacturers, catering to sectors such as renewable energy, utilities, telecom, and data centers. The company designs and manufactures custom lithium-ion systems along with integrated solutions using its proprietary lithium and other battery chemistries.

Recognized globally, HBL is the world’s second-largest manufacturer of nickel-cadmium (Ni-Cd) batteries and India’s third-largest telecom battery provider. It is the only Indian company offering Pure Lead Tin (PLT) battery technology and is among a select group approved to supply batteries for defense applications, including aviation and submarines. HBL also holds FAA certification for supplying batteries to Boeing and Airbus.

The company’s expertise spans a broad range of applications, including aircraft engine starting, railroads, utilities, telecom networks, data centers, UPS, and switchgear. It offers diverse battery chemistries such as lead-acid, nickel-cadmium, silver-zinc, thermal batteries, and primary lithium, along with ancillary equipment like industrial chargers, power electronics, and battery management systems.

Major Projects and Products

• Custom lithium-ion energy storage solutions for telecom, utilities, defense, aviation, and data centers

• Battery chemistries: lead-acid, nickel-cadmium, silver-zinc, thermal, primary lithium

• Ancillary equipment: industrial battery chargers, power electronics, battery management systems

• Railway and defense electronics, solar photovoltaic modules, and other energy products

• Partnerships with Indian government bodies like the Indian Railways, the Indian Air Force, the Indian Navy, and the MOD labs

• Manufacturing units located in Telangana and Andhra Pradesh

• Vertically integrated operations with full-fledged R&D capabilities and NABL accreditation

Avaada Group

Avaada is at the forefront of India’s clean energy transition, driving large-scale Battery Energy Storage System deployment to support renewable infrastructure. The company’s advanced storage solutions aim to address the variability of solar and wind energy, ensuring reliable and dispatchable clean power. By integrating energy storage with solar and hybrid systems, Avaada plays a critical role in making the grid more stable and helping India achieve its 500 GW non-fossil fuel target by 2030.

Avaada’s commitment to innovation and sustainability makes it one of the top clean energy companies in India. The company is actively developing storage projects that stabilize renewable power, enabling round-the-clock electricity supply and supporting national energy security objectives.

Key projects and initiatives include:

• 11 GW of Pumped Storage Capacity – under construction across Uttar Pradesh, Maharashtra, Madhya Pradesh, Rajasthan, and Odisha to provide long-duration storage.

• 16 GWh of BESS Capacity – integrated into Firm and Dispatchable Renewable Energy (FDRE) projects to enhance grid reliability.

• 2.1 GW BESS Project (Madhya Pradesh) – a flagship initiative within Avaada’s INR 50,000 crore investment portfolio, which also includes 6 GW of solar and 700 MW of wind capacity.

• Co-located Megawatt-Scale Storage Systems – deployed across multiple solar and hybrid sites to deliver seamless, dependable energy supply aligned with national energy goals.

Rays Power Infra

Rays Power Infra is one of the leading renewable energy companies in India with expertise in integrating energy storage solutions with solar power. Established in 2011, the company has been an early mover in the solar park space and evolved into a trusted provider of turnkey engineering, procurement, and construction (EPC) services. 

It has successfully implemented solar projects totaling 1,731 MWp and acquired over 6,132 acres of land across India, leveraging its deep regulatory expertise and relationships with state authorities.

Recognizing the need for reliable energy storage, Rays Power is developing solutions based on lithium-ion batteries, moving away from conventional lead-acid systems. The company’s goal is to offer user-friendly, cost-effective storage solutions that ensure an uninterrupted power supply around the clock.

Key projects and initiatives include:

• BESS Projects – awarded projects worth INR 940 crore, including 362 MW in Rajasthan.

• Flow Battery Project – a 600 KW / 3,000 kWh energy storage project secured from NTPC, demonstrating technical diversification and innovation.

Delta Electronics India

Delta Electronics India is a leading provider of advanced Battery Energy Storage Systems, leveraging high-density Lithium Iron Phosphate (LFP) battery cells to deliver safe, reliable, and efficient energy solutions. Their modular designs are built for industrial and grid-scale applications, offering flexibility with scalable cabinets and containers. 

Integrated systems such as Power Conditioning Systems (PCS) and Energy Management Systems (EMS) enhance performance, ensuring optimal energy utilization and system protection. Delta’s solutions cater to diverse requirements, providing tailored configurations for both indoor and outdoor installations.

Key features include:

• Lithium Iron Phosphate (LFP) Batteries – offering high energy density, long service life, and enhanced safety.

• Battery Management System (BMS) – actively protects the battery from overcharging, discharging, and overheating while optimizing operations.

• Safety Features – includes fire suppression systems and IP55-rated enclosures for corrosion resistance and outdoor use.

• Deployment Solutions – configurations from 100–200 kW / 2.5–8 hours and 125–250 kW / 2–6 hours to suit current and future capacity needs.

Wrapping up – Indian BESS Landscape 2025

The Indian Battery Energy Storage System is set for robust growth, with expectations to scale up to 74 GW / 411 GWh by 2032. This surge is supported by declining battery costs, policy incentives like Production-Linked Incentive (PLI) scheme and Viability Gap Funding (VGF), and increasing demand from renewable integration, grid stabilization, and EV infrastructure development.

The largest battery energy storage system manufacturers in India, including Exide Industries Ltd, Amara Raja Energy & Mobility, Tata Power (Agrata), Delta Electronics India, Statcon Energiaa, are leading this evolution, leveraging technological advancements, strategic partnerships, and large-scale projects to address India’s energy challenges.

As the market matures, these players are set to shape the energy transition, drive self-reliance in battery manufacturing, and unlock new opportunities in hybrid systems and ancillary services. The coming decade will be transformative, with BESS playing a central role in delivering cleaner, more reliable, and affordable energy solutions across the country.

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