Time Technoplast’s subsidiary, PowerBuild Batteries, has entered into a business collaboration and exclusive distribution agreement with Monbat AD, a leading European battery manufacturer. The agreement focuses on distributing maintenance-free, advanced Valve Regulated Lead-Acid (VRLA) battery solutions from Monbat in India. The target sectors include data centers, IT infrastructure, and BFSI institutions, catering to the rapidly expanding digital requirements.
Strategic Collaboration
PowerBuild Batteries Private Limited, a subsidiary of Time Technoplast Limited, has partnered with Monbat AD for business collaboration and exclusive distribution. Monbat AD, listed on the Bulgarian Stock Exchange, is a prominent European battery manufacturer. The partnership was formally announced on February 04, 2026.
Focus on VRLA Battery Solutions
Under the agreement, PowerBuild will exclusively distribute maintenance-free, advanced Valve Regulated Lead-Acid (VRLA) stationary and reserve power battery solutions from Monbat in the Indian market. These solutions are tailored for Data Centres, IT infrastructure, BFSI institutions, and other mission-critical industrial applications. This targets the growing demand for reliable power solutions in these sectors.
Market Opportunity
The collaboration is expected to leverage the expansion in India’s digital infrastructure, which includes localization of data centers. Industry estimates indicate a data centre capacity expansion of approximately 3.0-3.5 GW over the next 7-10 years, supported by cumulative investments of ₹2.3-2.5 lakh crore. Additionally, the BFSI sector is generating a continuous demand for high-reliability reserve power systems.
Projected Market Size
Internal estimates suggest a market opportunity for advanced VRLA batteries of approximately ₹3,500-4,000 crore over the next decade due to these segments growing needs. This makes the partnership strategically vital for both entities.
PowerBuild’s Capabilities
Through this collaboration, PowerBuild gains access to Monbat’s complete portfolio of Eurobat-compliant, high-reliability batteries. PowerBuild will provide pan-India technical support, including installation, commissioning, and after-sales service.
Strategic Significance
This collaboration combines Monbat’s global technology expertise with PowerBuild’s domestic presence, service reach, and market insight. It will strengthen PowerBuild’s position as a provider of critical power solutions in India’s expanding digital economy.
Source: BSE
