RMC Switchgears Named In Forbes Asia Best Under A Billion

21 Aug 2025 CW Team

RMC Switchgears Ltd. (BSE: RMC) has been recognised in Forbes Asia’s Best Under a Billion 2025 list, which honours 200 top-performing publicly listed companies in the Asia-Pacific region with revenues under USD 1 billion. Selected from a pool of more than 19,000 companies, the list highlights businesses demonstrating sustainable growth, strong governance, and long-term financial strength.

Founded in 1994 as RFH Metal Castings, RMC has grown into a respected innovator in power distribution and transmission solutions. The company is widely recognised for its engineering excellence, financial prudence, and contributions to India’s electrical infrastructure.

The Forbes Asia list for 2025 features companies with annual revenues between USD 10 million and USD 1 billion. Selections are based on debt levels, sales and earnings-per-share growth (over one- and three-year periods), and return on equity (over one- and five-year averages). Qualitative measures such as governance, environmental standards, and management practices are also applied.

Commenting on the recognition, Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears, said:

“Being featured in Forbes Asia’s Best Under a Billion list is both an honour and a reflection of our journey so far. This recognition belongs to our employees, customers, and partners who have trusted us along the way. Our mission to build safe and reliable electrical infrastructure for India remains unchanged, and this milestone strengthens our resolve to keep innovating and delivering sustainable, scalable solutions.”

This recognition enhances RMC’s brand credibility, boosts its global visibility, and reaffirms its commitment to sustainable value creation while contributing to India’s long-term growth story.

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