New Delhi: PCI Ltd. –  Pioneers in India and an International front runner in the field of technology based solutions in Power & Energy domain, has  officially announced its joint venture with Europe based Riello UPS – the fourth largest UPS manufacturer in the world said Padma Shri Shri Surinder Mehta Founder Chairman PCI Ltd. The new joint venture company will be called Riello PCI India Pvt. Ltd.

Padma Shri Shri Surinder Mehta has welcomed the deal, saying the joint venture will enable the combined skills, experience & technology of the two companies to rapidly capture the UPS market in India & in the Indian Subcontinent.

According to Mr. Anil Munjal Director & CEO Riello PCI India Pvt. Ltd. “this agreement with Riello will strengthen and complete the range of solutions that PCI Ltd. is capable of offering to its clients. The advanced technology and environmental sustainability of Riello UPS systems is of great interest to numerous sectors, from finance to banking, from healthcare to information technology, from manufacturing to computer services and data centers.

We have our offices in 27 locations spread across 16 major cities in India said Mr. Anil Munjal. In Europe, Riello operates from two Research and Manufacturing facilities one in Italy – Leganago (near Veona) and other in Milan.

Riello is the leading European Power Protection Company and provide UPS ranging from 800 VA to 6400 KVA. Riello PCI India Pvt. Ltd. has a country wide initiative to become the most environmentally friendly power protection company. Riello UPS is a major contributor to the European Commission – Code of Conduct on Energy Efficiency and Quality of Uninterruptible Power Supplies -  and the first European manufacturer to rate its products for ECO Energy Level efficiency. Riel

“We are extremely pleased to enter this joint venture with PCI Ltd. This is another milestone in the development of Riello UPS worldwide growth strategy and we plan to become major shareholders in the company within next two years” said Mr. Passuello Managing Director Riello UPS.