Q2 FY27 opened up new avenues to connect, collaborate and grow. Over the past quarter, we expanded our international presence, strengthened industry relationships, welcomed utility leaders and delegations to its manufacturing facility, and continued to advance projects across India. From new customer associations and manufacturing improvements to technology deployment, thought leadership and community initiatives, the quarter reflected our continued focus on energy engineering, customer needs and the collective efforts of our people.

Here’s a look at the key developments from Q2 FY27 and the progress made across the organisation during the quarter.

Click here to download Kimbal’s Q2 FY27 Growth Report

Q2 FY27: Key Highlights

Establishing Our Australia and New Zealand Headquarters: We established our Australia and New Zealand (ANZ) headquarters in Victoria, with support from the Victorian Government. This marks an important step in our international expansion, giving us an on-ground presence to understand regional requirements, engage with local stakeholders and contribute our experience to the region’s energy transition.

Read more about Kimbal’s ANZ headquarters

Enlit Asia 2026: Our teams from ANZ and Singapore joined utilities, industry leaders and think tanks at Enlit Asia 2026 in Jakarta. Conversations centred on grid modernisation, emerging technologies and the priorities shaping power sectors across ASEAN, creating opportunities to exchange perspectives and strengthen industry connections.

Featured in the Hurun Cheetah Index 2026: Kimbal was featured in the Hurun Cheetah Index 2026. At an event in Mumbai, our Leader of Innovation, Anirudh Sinhal, joined fellow founders for conversations on entrepreneurship, innovation and the future of business, including a fireside chat with Mr Anand Mahindra.

Read more about Kimbal’s recognition in the Hurun Cheetah Index 2026

Industry Representation and Thought Leadership

Industry dialogue remains central to how we understand evolving utility requirements, contribute to technology conversations and share perspectives on the future of energy.

During Q2 FY27, Kimbal’s leadership and subject-matter experts contributed to discussions across smart metering, grid security, edge intelligence, artificial intelligence and the changing role of technology in power distribution.

At the IPPAI Future of Power Systems Conference: Lalit Kumar, Vice President, Security, Information and Risk, and Gopinath Mishra, Senior Product Manager, participated in the IPPAI Future of Power Systems Conference in New Delhi. Their engagement focused on SCADA, IT/OT security and the protection of increasingly interconnected power networks and smart metering architectures.

Read more about Kimbal’s participation at the conference

EPI Magazine: The Future of Smart Metering: Gurpreet Oberoi, Chief Business Officer, shared his perspective on edge intelligence and digital manufacturing, highlighting the importance of connecting innovation in power distribution with the challenges utilities encounter on the ground.

Read the feature on smart metering and energy transformation

BW People: The Missing Piece in AI Rollouts: Jaya Suri, Chief Human Resource Officer, shared her views on the role managers play as organisations adopt AI in everyday work. The article explores how managers help teams adapt, build confidence and apply human judgement as working practices evolve.

Read the article in BW People

ET Edge Insights: When the Grid Learns to Think: Ayush Sinhal, Founder and Chief Executive Officer, explored how edge intelligence is shaping the future of power systems. The feature looks at how decision-making at the edge can move metering towards a more adaptive and intelligent digital infrastructure.

Read the feature in ET Edge Insights

7th CII International Energy Conference & Exhibition: Our leaders, Deepak Pandey, CEO – Kimbal Urja and Gopal Parikh, Senior Director of Engineering, joined the industry dialogue on grid agility, unpacking how IoT smart meters and AI-driven energy management help utilities and enterprises balance dynamic power demand.

Read more about Kimbal’s participation at the CII Conference

EPR Magazine – The Evolving Role of Smart Meters: Lalit Kumar shared his perspective on how smart meters are becoming valuable tools for grid diagnostics, interoperability and renewable energy integration. He also highlighted the importance of security as devices, data and integrations become increasingly connected.

Read the feature on the evolving role of smart meters

Business Growth and Project Execution

Q2 FY27 brought new utility associations, customer engagements and project commencements across India. Alongside business growth, teams continued to focus on efficient execution, field performance, project profitability and operational discipline.

New Utility Partnerships

Project commencements and utility associations included:

• BSES Rajdhani Power Limited (BRPL)
• BSES Yamuna Power Limited (BYPL)
• Andhra Pradesh Eastern Power Distribution Company Limited (APEPDCL)

Growing Our Customer Base

• New association: Digismart (CyanConnode)
• Continued engagements: NCC, IntelliSmart, Apraava Energy, Monte Carlo, Best Infra, Radius, Kridha Power, Sai Computers and Energy Electricals.

Advancing AMI Projects Nationwide

We continued to advance AMI projects across India, with new project commencements adding to deployments already underway with utilities across the country.

• Meter Acceptance – Site Acceptance Testing (SAT) continued across ongoing deployments, supporting progress towards project milestones and meter acceptance.
• Communication Performance – Teams worked to improve non-communication and never-communication performance across deployed meters, supporting communication reliability in the field.
• Working Capital Efficiency – Efforts focused on reducing customer outstandings and inventory levels across semi-finished and finished goods, strengthening working capital management.
• Project Profitability – Initiatives across vendors and Bills of Materials (BOMs) continued to focus on improving project-level profitability and cost efficiency.

Initiatives and Key Developments

Manufacturing improvements remained a key focus during Q2 FY27. At Kimbal Mega Plant (KMP), teams advanced automation, material traceability, quality processes and workforce capability to support efficient and consistent production.

Key Developments at KMP

• SMT Line Goes Live: The new Surface Mount Technology (SMT) setup went live, bringing automated PCB assembly and packing into production. The setup adds production capacity while strengthening traceability and quality control.
• Real-Time Material Traceability: E-Kanban went live across production lines, providing real-time visibility into material consumption. The system supports improved inventory control and line efficiency.
• Moving to Lead-Free Soldering: Lead-free soldering was implemented across functions, supporting safer manufacturing practices, consistent soldering quality and compliance with Restriction of Hazardous Substances (RoHS) requirements.
• Taking Asset Management Digital: Sampada, KMP’s asset management portal, went live to bring asset tracking, maintenance schedules and records onto a centralised digital platform.
• Advancing Assembly Automation: Further automation was introduced in meter assembly, reducing manual intervention and supporting improvements in productivity and resource utilisation.
• Building Skills on the Shopfloor: Phase 1 of the Skill Matrix went live, introducing a structured approach to skill assessment, training and operator development across manufacturing operations.

What’s Next at Kimbal Mega Plant

• Automated Material Handling: Mechanical installation of the Gantry Palletizer is complete, with software integration in progress.
• Automated Optical Inspection: 2D AOI is being introduced to strengthen soldering-point inspection and defect detection.
• Functional Testing: Meter FCT and Smart NIC FCT are moving through setup, integration and trials ahead of production handover.
• New Product Introductions: Production feasibility work is in progress for upcoming meter platforms.

Quality Overview

• Field Reliability: Field failure rate remained below 0.3% across 8.46 million meters supplied over FY26 and FY27.
• First-Pass Performance: Automated Special Purpose Machine (SPM) test lines recorded their best-ever first-pass performance in September 2026.

Technology Overview

SAMADHAN Platform Deployment: Built in-house, SAMADHAN brings greater visibility and traceability to field quality management. The platform is now in use across nine projects, digitally tracking field-returned meters, NIC cards and gateways by serial number. From field complaint through RCA and CAPA, the platform captures each stage in one place, enabling faster closure and end-to-end traceability of field returns.

Global Partnerships and International Expansion

Q2 FY27 brought progress across international partnerships, market development and engagement with energy-sector stakeholders. From Australia and the Middle East to Southeast Asia, we continued to build relationships around regional utility requirements and smart energy infrastructure.

Partnering for Growth: Three Cross-Border MoUs Across Australia and the Middle East: We signed three MoUs with Green Metering and Future Grid in Australia, and Alfanar in Saudi Arabia. These relationships bring together our smart metering experience with local knowledge and an understanding of regional utility priorities.

Securing Our First International Pilot in the Philippines: Our first international purchase order took Kushal smart meters to the Philippines for a pilot deployment, marking an important step as we begin introducing our metering solutions to markets beyond India.

Conversations Across Borders at KMP: From Australia, Bhutan, Saudi Arabia and Sri Lanka, KMP welcomed leaders and delegates from across the energy sector. Each visit brought different perspectives and opportunities to exchange experiences, while providing a closer look at our manufacturing capabilities.

Welcoming Bhutan Power Corporation and TPDDL: We were glad to host BPC leadership and engineers, officials from Bhutan’s Department of Energy and TPDDL representatives at KMP. The visits brought together perspectives from India and Bhutan on utility needs, smart metering, AI-enabled meter reading and manufacturing.

Read more about Kimbal’s global energy partnerships and industry dialogue.

Hosting Sri Lanka’s Energy Leadership: Sri Lanka’s Minister of Energy, Hon. Niyagama Gamage Anurakarunathilake, visited KMP alongside a senior delegation. A tour of our manufacturing facility opened discussions on Sri Lanka’s energy priorities and opportunities for India–Sri Lanka collaboration in grid modernisation.

Exploring What’s Next with Alfanar: The Alfanar team’s visit to KMP brought an opportunity to understand each other’s capabilities and explore areas of common interest across India, Saudi Arabia and other markets.

Connecting with Australia’s Energy Ecosystem: Michelle Wade, Commissioner – South Asia at Global Victoria, brought conversations around Australia’s energy transition, India–Australia business ties and our emerging presence across the ANZ energy landscape.

People and Culture Overview

Embedding Our Values in Everyday Action: Our Value Days continued to bring people together each month, creating space to reflect on the values that shape how we work, collaborate and grow together.

Koffee with K – Open Conversations Over Coffee: Koffee with K began with small groups of Kimbalites coming together over coffee to share thoughts, ask questions and talk openly about their experiences.

Getting Started with Slack: Slack was introduced as our shared workplace communication platform, bringing teams onto a common channel and creating a more seamless way to connect, collaborate and address employee queries.

Corporate Social Responsibility: Project Kritya

Through Project Kritya, Kimbal continues its journey towards Shiksha, Swasthya, Samridhi and Srishti, with initiatives focused on education, health, livelihoods and community development.

Helping Families Rebuild After the Assam Floods: In partnership with Kristir Kothia, we distributed comprehensive kitchen kits, hygiene supplies and emergency lights to 150 flood-affected families across Sivasagar district, supporting dignified domestic recovery.

Creating Safer School Washrooms in Surajpur: We renovated dedicated girls’ washrooms and multi-tap handwashing stations at Shaheed Bhagat Singh Inter College, Surajpur, paired with student-led WASH committees to foster long-term hygiene awareness.

From the School Court to the State Level: Through our work with Dribble Academy Foundation at Surajpur, we supported grassroots coaching that enabled 19 student-athletes to compete at district trials, with three players reaching the SGFI State level.

Opening New Learning Opportunities in Surajpur: We launched a learning centre with NANAK, providing practical computer education and spoken English training to equip local youth and women with foundational tools for higher studies and employment.

Women-Led Livelihoods in the Kumaon Himalayas: We are supporting Udham Saheli, an initiative by Metores Trust, and Ghasyari Homestays in Uttarakhand, where local women are creating livelihoods by welcoming travellers into homestays rooted in their traditions and way of life.

Looking Ahead

Q2 FY27 brought progress across Kimbal’s business, manufacturing operations, technology, international partnerships and community initiatives. New utility associations and customer engagements moved forward alongside continued work on project execution, field reliability and manufacturing quality. As we move into the next quarter, our focus remains on building reliable energy infrastructure, advancing intelligent metering and energy solutions, deepening industry partnerships and creating opportunities for our people and communities.

Thank you to our industry associates, growth partners, customers and Kimbalites for backing our efforts and building with us every day.

Click here to download Kimbal’s Q2 FY27 Growth Report