Advisor to Controls & Switchgear in Private Equity Funding From GE Commercial Finance India.

C&S is a INR 7500 Mn group with core strengths in the fields of Low and Medium Voltage Switchgear, Engineered Power Busbars and Protection Systems for the power,construction and infrastructure sectors. The company has grown at a CAGR of 32% year-on-year since 2002-03, outpacing the industry average of 19%. As demand for power in India is increasing at an annual rate of 8-10%, C&S is well positioned to play a crucial role in managing the demand for safer and larger electrical installations across the country.

C&S Group is one of the India’s leading manufacturers of power generation, distribution and protection products including Low Voltage Switchgear, Engineered Power Conductors and Protection Relays with a pan India presence. C&S through its other JV companies also addresses the markets of domestic switchgear and lighting, diesel generating sets, medium voltage switchgear, alternators and inter connection devices. C&S Group turnover for financial year 2009 is expected to be INR 10000 Mn. The Group has 16 manufacturing plants and employs over 2500 people. C&S is also India’s largest exporter of low voltage switchgear with sales in more than 70 countries worldwide.

GE Commercial Finance is one of General Electric's largest "growth engines." With lending products, growth capital, revolving lines of credit, equipment leasing of every kind, cash flow programs, asset financing, and more, GE Commercial Finance plays a key role for client businesses in over 35 countries. The industries served include healthcare, manufacturing, fleet management, communications, construction, energy, aviation, infrastructure and equipment, as well as many others. GE Commercial Finance has assets of over US$ 335 billion and is headquartered in Norwalk, Connecticut, USA.