Siemens – Siemens successfully lists energy business in India
- Demerger and Listing of Siemens India’s energy business completed
- Siemens Energy India Limited now a separate, publicly listed company
- Simplifies and strengthens Siemens AG’s corporate structure in strategic Indian market
Siemens AG has successfully completed the listing of its energy business in India on BSE Limited and the National Stock Exchange of India Limited as Siemens Energy India Limited today. This marks a major milestone in the strategic transformation of Siemens AG’s portfolio as it simplifies and strengthens its corporate structure in the fast-growing and strategically important Indian market.
The successful demerger and listing of Siemens Energy India Limited creates two strong, independent companies – Siemens Limited, India and Siemens Energy India Limited – each focused on its core business, strategy, and capital allocation.
The development follows the agreement from November 2023 between Siemens AG and Siemens Energy AG to accelerate the unbundling of the business activities of the Indian subsidiary of Siemens. Siemens Energy AG is to ultimately acquire a controlling stake in Siemens Energy India Limited, subject to applicable regulatory approvals.
“The listing of Siemens Energy India Limited simplifies and strengthens our corporate structure in India. This move demonstrates our long-term commitment to this fast-growing and strategically important market and reflects our strategic focus on empowering each business to succeed independently,” said Roland Busch, President and CEO of Siemens AG. “Ultimately, it will unlock value for all shareholders and enable both Siemens and Siemens Energy to grow faster.”
Siemens AG holds 69 percent in Siemens Energy India Limited, and Siemens Energy AG holds 6 percent in Siemens Energy India Limited, with the remainder in free float – mirroring the existing ownership structure of Siemens Limited India.
This strategic step enables both entities to better serve their markets with tailored go-to-market approaches and unlocks greater value for shareholders. Siemens Limited, India will continue as a leading technology company in Industry, Infrastructure, and Mobility, driving innovation by combining the real and digital worlds. Siemens Energy India Limited will focus on becoming the most valued energy technology company, supporting customers in their transition to a more sustainable future.
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More information on Siemens Ltd. India by Siemens AG: https://www.siemens.com/in/en.html + Siemens Limited is a technology company focused on industry, infrastructure, digital transformation, transport as well as transmission and generation of electrical power. It is the flagship listed company of Siemens AG in India. The company’s business structure is well oriented in meeting the needs of the industry in improving efficiency, quality, flexibility and speed. With its wide-ranging portfolio, market-oriented organization structure, global technology leadership and strong local competence, the company is in a good position to partner with the country in sustainable growth.
More information on Sunil Dass Mathur (Managing Director and Chief Executive Officer, Siemens Ltd. India, Siemens AG): See full profile on EMR Executive Services
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More information on Siemens Energy India Limited by Siemens and by Siemens Energy: https://www.siemens-energy-india.com/ + With a pan-India presence, Siemens Energy India Limited (SEIL) operates across the whole energy landscape. From conventional to renewable power, from grid technology to storage to electrifying complex industrial processes.
Our mission is to support companies and countries in their quest to reduce greenhouse gas emissions and make energy reliable, affordable, and more sustainable. Let’s energize society.
With more than 4,200 skilled professionals, ten state-of-the-art factories and eleven regional offices, SEIL is deeply embedded in India’s industrial landscape and also serves neighboring countries including Bhutan, Nepal, Sri Lanka and Maldives.
Siemens AG and its subsidiaries hold 69 percent in Siemens Energy India Limited and the subsidiaries of Siemens Energy AG hold 6 percent in Siemens Energy India Limited, with the remainder in free float.
Siemens Energy India Limited (SEIL) is listed on BSE Limited and the National Stock Exchange of India Limited.
More information on Guilherme Mendonca (Managing Director and Chief Executive Officer, Siemens Energy India Limited (SEIL), Siemens AG & Siemens Energy AG): See full profile on EMR Executive Services
More information on Harish Shekar (Executive Director and Chief Financial Officer, Siemens Energy India Limited (SEIL), Siemens AG & Siemens Energy AG): See full profile on EMR Executive Services
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More information on Dr. -Ing. Christian Bruch (President, Chief Executive Officer and Chief Sustainability Officer, Siemens Energy AG + President and Chief Executive Officer of Siemens Energy Management GmbH, Siemens Energy AG): See the full profile on EMR Executive Services
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More information on BSE Limited: https://www.bseindia.com/ + BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024.
Established with the efforts of cotton merchant Premchand Roychand in 1875, it is the oldest stock exchange in Asia, and also the tenth oldest in the world.
More information on Sundararaman Ramamurthy (Managing Director and Chief Executive Officer, BSE Limited): https://www.bseindia.com/static/about/boardofdirectors_new.aspx + https://www.linkedin.com/in/sundararaman-r-152b7011/
More information on National Stock Exchange of India Limited: https://www.nseindia.com/ + National Stock Exchange of India Limited, also known as the National Stock Exchange, is an Indian stock exchange based in Mumbai. It is the 5th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024.
More information on Ashishkumar Chauhan (Managing Director and Chief Executive Office, National Stock Exchange of India Limited): https://www.nseindia.com/structure-and-key-personnel/management + https://www.linkedin.com/in/ashish-chauhan-016a82/