India’s smart meter industry is experiencing one of the most dramatic and strategically important growth stories in the country’s energy sector. The Indian smart meter market was valued at USD 219.7 million in the year 2023 and is projected to reach USD 3,179.5 million by the year 2032, registering a remarkable CAGR of 34.57 percent. Through the Revamped Distribution Sector Scheme and the National Smart Grid Mission, the Government of India has accelerated nationwide AMI deployment, with daily installations rising from 15,000 to over 1.12 lakh units, targeting the installation of 250 million smart meters by March 2028 to strengthen billing efficiency, reduce losses, and enhance grid management. Smart meters are digital devices that measure and record electricity, gas, or water consumption in real time and transmit the data directly to utility companies, eliminating the need for manual meter reading and enabling dynamic pricing, demand management, and remote disconnection. The Advanced Metering Infrastructure Service Provider or AMISP model under RDSS has been the primary vehicle for deploying these meters at scale across Indian states. Let us have a look at the top 10 smart meter manufacturers in India for the year 2026.
1. Genus Power Infrastructures Ltd.
Genus Power Infrastructures Ltd., founded in the year 1995 and headquartered in Jaipur, Rajasthan, is India’s undisputed leader in smart meter manufacturing and deployment and is executing some of the largest advanced metering infrastructure projects in the world. For Q4 FY2026, the company reported revenue of Rs 1,523.7 crore, registering a 62.7 percent year-on-year increase, and its order book stood at approximately Rs 25,173 crore as of March 31, 2026, providing strong long-term revenue visibility. Genus Power has deployed one crore smart meters under the Revamped Distribution Sector Scheme as an AMISP across nine states, with a total of 2.5 crore Genus smart meters currently operational across India out of nearly 5.62 crore smart meters deployed nationally. The company has an annual manufacturing capacity exceeding 18 million meters across its facilities in Jaipur, Haridwar, Guwahati, and the newly added Kotputli plant.
Genus Power serves state electricity distribution companies across India including major DISCOMs in Uttar Pradesh, Rajasthan, Maharashtra, and eight other states with end-to-end smart metering solutions encompassing manufacturing, installation, communication infrastructure, and 10-year operation and maintenance services under the AMISP model.
2. Secure Meters Limited
Secure Meters Limited, headquartered in Udaipur, Rajasthan, is one of India’s most technically accomplished smart meter companies and holds the remarkable distinction of having created the world’s first commercially viable electric meter. The company has since evolved into a global metering solutions provider with its products installed in over 60 countries worldwide, demonstrating its international quality credentials. Secure Meters is recognised as a leading AMISP with advanced RF mesh and NB-IoT communication capabilities, with AMISP contracts in Madhya Pradesh and other states, making it one of the most technically sophisticated smart metering companies participating in India’s RDSS rollout.
Secure Meters serves state electricity utilities and distribution companies across India and internationally with its comprehensive range of smart meters, head-end systems, meter data management systems, and advanced metering infrastructure solutions, and is particularly valued for its communication technology expertise in deploying meters across India’s diverse geographic and connectivity environments.
3. HPL Electric & Power Ltd.
HPL Electric & Power Ltd., established in the year 1956, is a leading manufacturer of multiple electrical equipment including smart meters, switchgears, wires and cables, modular switches, and more. The company manufactures both three-phase and single-phase prepayment smart meters for domestic and commercial properties along with digital energy meters for industrial applications, and operates 7 state-of-the-art manufacturing facilities located in Gurgaon, Kundali, Sonepat, Gharaunda, Jabli, and Panipat, with a network of over 900 distributors and more than 27,000 retailers. HPL is one of the highest-volume smart meter producers in India, delivering more than 10 million units annually and is a go-to supplier for large government tenders due to its cost-effective product line.
HPL serves state electricity boards, distribution companies, industrial establishments, and commercial buildings across India with its comprehensive range of metering solutions and is recognised as one of the most accessible and cost-competitive smart meter options for the mass rollout requirements of India’s RDSS program.
4. Landis+Gyr India
Landis+Gyr, a globally renowned Swiss energy management solutions company with over 125 years of experience in the metering industry, is one of the most technically advanced international smart meter brands operating in India. The company specialises in smart grid technologies and advanced metering infrastructure and offers tailored end-to-end smart metering solutions including demand management, data analytics, renewables integration, and smart grid applications. Landis+Gyr India is recognised as a global AMI leader for meters and Head-End Systems and participates in AMISP partnerships across India’s RDSS program, bringing its global technology platform and 125 years of metering expertise to India’s largest-ever smart meter deployment.
Landis+Gyr serves Indian electricity distribution utilities, smart city projects, and advanced commercial and industrial metering requirements with its internationally proven smart metering products and head-end systems, and is the preferred choice for DISCOMs and AMISPs that require the most technically sophisticated and globally validated metering solutions for demanding deployments.
5. Itron India
Itron, founded in the year 1977 and an American company with a presence in more than 100 countries worldwide, is one of the most globally respected names in smart metering and resource management technology. The company manufactures a wide range of electricity, gas, and water management products including smart meters, communication networks, and data analytics platforms. Itron’s systems are recognised in various smart city projects and extensive urban grid deployments across India, and the company’s strong technology stack makes it one of the most future-proofed smart metering solutions available in the Indian market.
Itron India serves urban distribution utilities, smart city authorities, and advanced infrastructure projects with its intelligent metering and resource management solutions, and is particularly valued for large-scale urban deployments where the combination of electricity, water, and gas metering on a unified communication platform provides significant operational advantages for city managers.
6. Adani Smart Metering
Adani Smart Metering, a division of the Adani Group — India’s largest and most diversified infrastructure conglomerate — has emerged as a significant and rapidly growing AMISP participant in India’s RDSS smart metering rollout. Adani Smart Metering has made large RDSS AMISP bids and is a significant new entrant backed by substantial capital, positioning it as one of the most financially powerful participants in India’s smart metering ecosystem. The Adani Group’s unmatched experience in managing large-scale infrastructure projects, its access to capital markets, and its ability to mobilise large project workforces give it significant competitive advantages in executing complex, multi-state smart metering deployments.
Adani Smart Metering serves state electricity distribution companies across India with AMISP services under the RDSS framework, leveraging the broader Adani Group’s infrastructure execution capabilities, digital technology investments, and financial strength to deploy smart metering infrastructure at a scale and speed that few other players can match.
7. Schneider Electric India
Schneider Electric, a French multinational founded in the year 1836 and a global leader in energy management and industrial automation, has a strong presence in India’s commercial and industrial smart metering segment. The company’s PowerLogic and EM series meters are leading brands in commercial buildings, smart cities, and energy-intensive industrial sectors across India, offering high-accuracy, high-reliability metering solutions that integrate seamlessly with building management systems and energy management platforms.
Schneider Electric India serves commercial real estate developers, industrial manufacturers, data centres, hospitals, and smart city projects with its advanced energy metering and management solutions, and is the preferred brand for organisations that require comprehensive energy visibility, power quality monitoring, and energy management capabilities beyond the basic utility billing functions of standard smart meters.
8. Siemens India
Siemens, the German multinational industrial conglomerate founded in the year 1847, brings its global leadership in electrification, automation, and digitisation to India’s smart metering sector. Siemens’ industrial automation and energy management expertise are reflected in its smart metering systems, designed to meet the evolving needs of utilities and large industrial consumers. The company’s metering solutions integrate with its broader energy management and smart grid platforms, offering Indian utilities a pathway to the full digital transformation of their distribution infrastructure.
Siemens India serves large industrial consumers, power utilities, and sophisticated commercial establishments with its integrated metering and energy management solutions, and is particularly valued by large-scale industrial plants, steel mills, and process industries that require highly accurate, certified metering solutions for regulatory compliance, internal energy cost management, and demand optimisation.
9. ICOMM Tele Ltd.
ICOMM Tele Ltd., a Hyderabad-based systems integrator and technology company, has established itself as a significant participant in India’s advanced metering infrastructure deployment. ICOMM Tele Ltd. is recognised as a key systems integrator in India’s AMISP ecosystem with a particular focus on Telangana, bringing its telecommunications and systems integration expertise to the technically complex challenge of deploying and managing large-scale AMI networks. The company leverages its experience in telecommunications infrastructure to build the communication backbone required for smart meter networks across urban and semi-urban areas.
ICOMM Tele serves state electricity distribution companies and AMISP projects primarily in southern India with its smart metering systems integration and AMI network deployment capabilities, and is a valuable partner for RDSS projects that require both the metering hardware deployment and the communication network infrastructure that connects meters to the central data management system.
10. Techno Meters & Electronics Ltd.
Techno Meters & Electronics Ltd., headquartered in Coimbatore, Tamil Nadu, is a respected mid-scale manufacturer and exporter of energy meters, digital panel meters, and smart meters serving both the domestic Indian market and international export customers. Techno Meters & Electronics is a renowned manufacturer and exporter of energy meters, digital panel meters, and smart meters which are widely demanded in the energy meters market and are used in high and low voltage residential and commercial projects for monitoring energy usage. The company has built a steady reputation for quality, competitive pricing, and reliability in the South Indian market and has been expanding its smart meter product range to meet the growing demands of India’s electrification and modernisation programs.
Techno Meters & Electronics serves electricity distribution utilities, commercial building developers, and industrial establishments primarily in southern India with its energy metering products, and is a cost-effective and reliable alternative for mid-scale smart meter requirements that sit between the mass RDSS utility tender market and the premium commercial metering segment served by multinational brands.
Frequently Asked Questions (FAQs)
Q: What is the RDSS scheme and how is it driving smart meter adoption in India?
A: The Revamped Distribution Sector Scheme or RDSS is a flagship government program launched in July 2021 by the Ministry of Power to improve the operational and financial health of electricity distribution companies across India. Under RDSS, the government aims to install 250 million smart meters by March 2028 across residential, commercial, and industrial consumers as well as on distribution transformers and feeders. The scheme provides financial support and subsidies for meter deployment through the AMISP model, making it the single largest driver of smart meter demand in India.
Q: What is an AMISP and what role does it play in India’s smart meter rollout?
A: An Advanced Metering Infrastructure Service Provider or AMISP is responsible for handling end-to-end metering under the RDSS, with costs covered via debt and equity financing under the TOTEX model for a period of 10 years. The AMISP model means that a single company is responsible for manufacturing or procuring the meters, installing them, maintaining the communication network, managing the data, and operating the system for a full decade, receiving a per-meter-per-month service fee from the DISCOM.
Q: Which company has installed the most smart meters in India in 2026?
A: Genus Power has installed one crore smart meters as an AMISP under RDSS across nine states, with a total of 2.5 crore Genus smart meters currently operational across India out of nearly 5.62 crore smart meters deployed nationally, making it the largest individual smart meter deployer in India by a significant margin as of 2026.
Q: What communication technologies are used in Indian smart meters?
A: Indian smart meters deployed under RDSS use multiple communication technologies depending on the geography and DISCOM requirement. The most widely used technologies include Radio Frequency or RF mesh networks, Narrowband IoT or NB-IoT over cellular networks, GPRS and 4G cellular communication, and Power Line Communication or PLC. NB-IoT is increasingly favoured for its low power consumption and deep penetration into basements and rural areas, while RF mesh is preferred for dense urban deployments where meter-to-meter communication reduces the need for cellular connectivity.
Q: What are the key benefits of smart meters for Indian electricity consumers?
A: Smart meters offer significant benefits including elimination of estimated billing through accurate real-time consumption measurement, the ability to monitor daily energy usage through mobile apps, prepaid electricity options that give consumers control over their spending, faster detection and resolution of outages and power theft, remote connection and disconnection without a technician visit, and time-of-use tariff options that allow consumers to shift usage to cheaper off-peak hours. For distribution companies, smart meters dramatically reduce aggregate technical and commercial losses which currently average 15 to 20 percent across India’s DISCOM sector.
