Heramba Electric, traded on NASDAQ under the symbol PITA, is a global provider of power electronics and energy infrastructure solutions. The company specializes in the design, manufacturing and distribution of a wide range of products, including AC/DC power supplies, uninterruptible power systems (UPS), electric vehicle (EV) charging stations and renewable energy inverters. Its offerings serve industrial, commercial and utility customers seeking reliable power conversion and energy management technologies.
Heramba Electric operates manufacturing facilities and research centers in North America, Europe and Asia, enabling it to respond rapidly to regional demand and customize solutions for local markets. The company’s product portfolio is complemented by a suite of engineering services, encompassing system integration, commissioning, maintenance and remote monitoring. These capabilities support clients across sectors such as data centers, telecommunications, transportation and renewable energy farms.
Founded in 1998, Heramba Electric has grown through a combination of organic expansion and strategic acquisitions. Early milestones include the launch of its high-efficiency UPS lines in 2003 and entry into the EV charging market in 2012. Subsequent acquisitions in power semiconductor technology and solar inverter design have broadened Heramba’s technological base and bolstered its competitive position in emerging energy markets.
Under the leadership of CEO Richard Chang and CFO Elena Martínez, Heramba Electric continues to focus on innovation, operational excellence and sustainable growth. The executive team emphasizes research and development, fostering partnerships with universities and industry consortia to drive next-generation power solutions. With an emphasis on environmental responsibility and digitalization, the company aims to support the global transition toward cleaner, more resilient energy systems.
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