Hirect Limited (formerly Hind Rectifiers) designs and manufactures power electronics and traction equipment - primarily traction transformers, IGBT-based converters, and propulsion systems - supplied predominantly to Indian Railways. The company posted consolidated revenue of ₹999.1 crore in FY26, growing 52.5% year-on-year, and has expanded internationally through the acquisition of BeLink Solutions in France. It is transitioning from a component supplier to a systems-level solutions provider, with addressable content per locomotive tripled to ₹5 - 5.5 crore.[1][2]
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