Bengaluru, Oct. 12 -- In recent years, several mid-cap companies have significantly strengthened their balance sheets by cutting down debt and improving financial stability. A sharp reduction in debt often signals better operational efficiency, prudent financial management, and long-term sustainability. Here are four mid-cap names that have managed to halve their borrowings over the last three years.

1. GE Vernova T&D India GE Vernova T&D India, earlier known as GE T&D India, is a key player in the power transmission and distribution space. Headquartered in New Delhi, the company is part of GE Vernova's Grid Solutions business in India.

Its product offerings span power transformers, circuit breakers, gas-insulated switchgear, substation...