Well positioned to ride on recovery in domestic Capital Expenditure cycle: SEL, starting as single product company, today has emerged as global player operating in 40 countries with more than 10 SKU's in the segment. SEL commands ~20% market share in industrial switchgear segment in India. The company spends ~4-5% of its revenues on R&D; to develop new products. It owns one patent for rotary switches and 5 more product patents are in process of approval. In addition, it has Joint venture with C3Controls for contactors and relays. SEL's products are internationally certified and have universal acceptance. With strong research base and technological tie-ups, SEL is a preferred supplier to various leading companies like GE, Schneider,...