Founded in 1990, Amber Group has established itself as a leader in India's manufacturing landscape. A highly backward-integrated and diversified B2B solutions provider, the group has a strong presence across consumer durables, electronics, and railway subsystems. With a focus on R&D and operational excellence, Amber Group is a trusted partner to numerous multinational and Indian companies, known for its ability to manufacture critical components and deliver comprehensive solutions.
Jasbir Singh, Executive Chairman and CEO of Amber Group, said:
"This transaction will provide a strong foothold for Amber's Electronic Division into the rapidly growing sector for Battery Energy Storage Systems (BESS), EV chargers, UPS, and Solar inverters (on-grid, off-grid, and hybrid) market. This marks a significant addition for our Electronic Division – IL JIN expanding its portfolio from Consumer Durables, Hearables and Wearables, Telecom, Automotive, Energy Meters, Defence into the industrial segment."
Rajesh M.R and Harsha.V, the promoters of Power-One Micro System, said:
"This strategic partnership with Amber Group marks a pivotal moment in our journey—one driven by a shared vision to unlock powerful synergies and scale the business to new heights. By joining forces, we aim to accelerate growth, enhance capabilities, and create lasting value for all stakeholders—our team, partners, and customers alike. We remain fully committed to the company's future and are excited to work alongside our new partners as we enter this transformative phase together."
This collaboration will allow us to accelerate product innovation and scale our production, particularly for Battery Energy Storage Systems (BESS) and solar inverters. This partnership also supports India's broader commitment to renewable energy and the "Atmanirbhar Bharat" initiative.
Our promoters, Mr. Rajesh and Mr. Harsha, remain fully committed to the company's future and are excited to work with our new partners. We are confident that this new chapter will bring benefits for all stakeholders as we continue to deliver advanced power solutions for our customers.