Ahmed Elsewedy runs his listed family business and has played a key role in expanding its operations, with over 31 production facilities in 19 countries, and a workforce of 19,000 people as of May 2024. The company exports products to over 110 countries worldwide. In July 2024, Electra Investment Holding acquired a 20% stake in Elsewedy Electric valued at $449 million. In Q1 2024, the company recorded a revenue growth of 35.7% to $943 million