This article presents a Six Pulse Type Segmented Thyristor Controlled Reactor (TCR) integrated with a Fixed Capacitor (FC) for reactive power compensation. The primary objective is to improve voltage stability and power factor in electrical networks, addressing issues related to reactive power imbalance and harmonic distortion. The proposed configuration combines the advantages of segmented TCR and FC, providing a flexible and efficient approach to reactive power management. The novelty of this work lies in the segmentation of the TCR, which enhances the dynamic control of reactive power by allowing more precise regulation and reduced harmonics compared to conventional TCR systems. This segmented approach also minimizes switching losses and thermal stress on thyristors, leading to enhanced reliability and longevity of the system. Additionally, the integration of a fixed capacitor optimizes the overall power factor correction, contributing to improved system efficiency. Key findings from simulation and experimental results demonstrate that the Six Pulse Type Segmented TCR with FC significantly reduces reactive power, stabilizes voltage levels, and effectively suppresses harmonics within permissible limits, adhering to IEEE standards. The system shows a marked improvement in power quality, making it a viable solution for industrial applications where reactive power control is critical. This innovative approach not only provides superior compensation characteristics but also offers a scalable and adaptable framework for modern power systems, highlighting its potential to enhance operational performance and energy efficiency in various electrical grids.