₹6,818 crore of revenue reported in the latest year (mostly FY25) by the 35 of India's 396 transformer manufacturers with accounts on file. The ten largest produce 90% of it; the typical filer earns ₹38.6 crore.
Active companies
396
transformer manufacturers on the register
Reported revenue
₹6,818 crore
35 companies with accounts
Profitable
94%
of filers · India 94%
Secured loans
53.3%
of companies have one on record
What stands out about India's transformer manufacturers
01
Revenue
₹6,818 crore
of revenue reported in the latest year (mostly FY25) by the 35 of India's 396 transformer manufacturers with accounts on file. The ten largest produce 90% of it; the typical filer earns ₹38.6 crore.
02
Profitability
94%
of filers reported a profit (India, same segment: 94%); the median net margin is 3.1% against 3.1% nationally.
03
Growth
+9%
median revenue growth across 35 companies with two consecutive years on file (India: +9%); 5 grew by more than half and 9 shrank. Only companies still filing are counted.
04
Labour cost
5%
of revenue goes on employee cost for the median filer (5% nationally), about the same labour intensity as across India.
05
Funding
9
transformer manufacturers in India have outside funding on record at Fliar Radar (investment, incubator or grant support). Most frequent backers: Nalanda Capital (1), Samena Capital (1), Exim Banka Slovakia (1).
06
Lending
53.3%
of India transformer manufacturers have a secured loan on record (India: 53.4%). Most frequent lenders: State Bank Of India (65), HDFC Bank (30), Bank Of Baroda (27). Open borrowings against company assets total ₹5,576 crore.
07
Where the money is
58%
of reported revenue comes from Gujarat, which holds 6% of India's transformer manufacturers.
Cities with the most transformer manufacturers
Companies by the city or district of their registered address.
City
Companies
Share
Reported revenue
Share of revenue
Maharashtra
84
21.2%
₹116 crore
2%
Uttar Pradesh
37
9.3%
₹18.3 crore
0%
Delhi
34
8.6%
₹431 crore
6%
Rajasthan
33
8.3%
₹210 crore
3%
Telangana
30
7.6%
₹293 crore
4%
Madhya Pradesh
28
7.1%
₹587 crore
9%
Tamil Nadu
25
6.3%
₹714 crore
10%
Gujarat
23
5.8%
₹3,968 crore
58%
Karnataka
22
5.6%
₹235 crore
3%
West Bengal
17
4.3%
₹32.2 crore
0%
Transformer Manufacturers in India by size
From the latest accounts each company has filed, split by annual revenue. Growth compares with the year before; net margin is profit after tax over revenue.
Manufacturer of transformers and rectifier. The capability to develop world class power, distribution, furnace and specialty transformers is credited to the creation of a world class infrastructure at three plants, one of the leading industrialized cities.
Transformers And Rectifiers (india) Limited is a public company incorporated in 1994, with its registered office in Gujarat, India, classified under medical & precision instruments. In FY25 it reported revenue of ₹1,950 crore, up 53% on the year before, with a net margin of 9.6%.
Manufacturer of oil-filled, cast resin, and induction furnace transformers. They also produce unitised substations and offer switchgear and associated services. The company designs and manufactures power and distribution transformers, including dry-type and cast resin varieties. A service business unit focuses on optimizing the lifespan and reliability of transformer assets for clients.
Voltamp Transformers Limited is a public company incorporated in 1967, with its registered office in Gujarat, India, classified under electrical machinery. In FY25 it reported revenue of ₹1,934 crore, up 20% on the year before, with a net margin of 16.8%.
Indo-tech Transformers Limited is a public company incorporated in 1992, with its registered office in Tamil Nadu, India, classified under machinery & equipment. In FY25 it reported revenue of ₹612 crore, up 22% on the year before, with a net margin of 10.4%.
Revenue (FY25)₹612 crore
Growth vs prior year+22%
Net margin10.4%
Net worth₹281 crore
Paid-up capital₹10.6 crore
AreaTamil Nadu
Incorporated1992 · Public company
Brand founded2004
BackingCorporate-Backed
Secured loans3 open
Directors on recordAjay Kumar Dhagat, Shridhar Gokhale, Sutanu Behuria6 directors
Ajay Kumar DhagatDirector · since 2012
Shridhar GokhaleWholetime Director · since 2019
Sutanu BehuriaDirector · since 2020
Sharat Chandra KollaDirector · since 2020
Visweswara Reddy NarreddyDirector · since 2020
Leena Mukundh SathyanarayananAdditional Director · since 2020
ProductsDistribution Transformer, Power Transformer +46 products
Retailer of Makita power tools and accessories. This company offers a wide selection of power tools, including drills, impact drivers, saws, grinders, and more, along with a comprehensive range of accessories. The product catalog covers various applications, such as drilling, cutting, grinding, and sanding, catering to both professional contractors and DIY enthusiasts. They also provide batteries and chargers for cordless tools. The business model focuses on direct sales through its online store and potentially physical locations.
Modern Transformers Private Limited is a private company incorporated in 1989, with its registered office in Delhi, India, classified under business services (consulting, advertising, staffing). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaDelhi
Incorporated1989 · Private company
Brand founded2011
Secured loans4 open
OffersDistribution Transformers, Power Transformer, CRGO Lamination Sheet, Three Phase Electronic Energy Meter
Directors on recordChanchal Rani, Ankit Agarwal, Dinesh Kumar4 directors
Chanchal RaniDirector · since 1998
Ankit AgarwalDirector · since 2002
Dinesh KumarDirector · since 2005
Anubhav AggarwalAdditional Director · since 2021
ProductsSingle Phase Electronic…, Three Phase Electronic… +35 products
Product 01 / 05
Single Phase Electronic Energy Meter
CategoryPower Transformers
PriceOn request
Range5 products listed by Moderntransformers
Product 02 / 05
Three Phase Electronic Energy Meter
CategoryPower Transformers
PriceOn request
Range5 products listed by Moderntransformers
Product 03 / 05
Pressed Steel Radiator
CategoryPower Transformers
PriceOn request
Range5 products listed by Moderntransformers
Product 04 / 05
Wound Core Distribution Transformer
CategoryPower Transformers
PriceOn request
Range5 products listed by Moderntransformers
Product 05 / 05
Transformer Pressed Steel Radiator
CategoryPower Transformers
PriceOn request
Range5 products listed by Moderntransformers
1 / 5
05 · FY25 accounts · Madhya Pradesh
T
Tesla Transformers (india) Limited
Tesla Transformers (india) Limited is a public company incorporated in 2017, with its registered office in Madhya Pradesh, India, classified under electrical machinery. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaMadhya Pradesh
Incorporated2017 · Public company
Secured loans2 open
Directors on recordJaideep Jain, Ritu Jain, Sarla Binzzani5 directors
Manufacturer of power and distribution transformers
Esennar Transformers Private Limited is a private company incorporated in 2000, with its registered office in Telangana, India, classified under electricity, gas & power. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Oswal Transformers Private Limited established in April 1992 is one of the largest transformer manufacturers in India with the longest history, the largest scale and the most advanced technology. After more than 21 years development, the group with the ability to design and manufacture transformers of the highest voltage level, the largest capacity and DC converter transformers has become the international base for the manufacturing, researching, developing and exporting various types of transformers.
Oswal Transformers Private Limited is a private company incorporated in 2003, with its registered office in Rajasthan, India, classified under electrical machinery. In FY25 it reported revenue of ₹69.4 crore, up 5% on the year before, with a net margin of 2.7%.
Revenue (FY25)₹69.4 crore
Growth vs prior year+5%
Net margin2.7%
Net worth₹6.1 crore
Paid-up capital₹1.4 crore
AreaRajasthan
Incorporated2003 · Private company
Secured loans1 open
OffersThree Phase Transformer, Oil Cooled Transformers, Step Up Transformers, Step Down Transformers
Sps Transformers Private Limited is a private company incorporated in 2014, with its registered office in Tamil Nadu, India, classified under electricity, gas & power. In FY25 it reported revenue of ₹54.1 crore, down 4% on the year before, with a net margin of 13.5%.
Revenue (FY25)₹54.1 crore
Growth vs prior year−4%
Net margin13.5%
Net worth₹27 crore
Paid-up capital₹4.5 crore
AreaTamil Nadu
Incorporated2014 · Private company
Secured loans1 open
Key peopleVenkatesan C (Owner); Peruvamba Shekar (Managing Director)
OffersOil Cooled Power and Distribution…, Product B, Product C, Product D
Founders & leadershipVPVenkatesan C, Peruvamba Shekar2 people
VC
Venkatesan C
Owner
PS
Peruvamba Shekar
Managing Director
ProductsS P S Transformer, Creadentials +46 products
Mor Transformers & Cables Pvt. Ltd. is a reliable manufacturer of current transformers for electric energy, catering to a wide range of product qualities. With a focus on innovation, the company develops its own designs, which are approved by prominent industry bodies.
Mor Transformers And Cables Private Limited is a private company incorporated in 1997, with its registered office in Rajasthan, India, classified under electrical machinery. In FY25 it reported revenue of ₹53 crore, down 15% on the year before, with a net margin of 1.0%.
Revenue (FY25)₹53 crore
Growth vs prior year−15%
Net margin1.0%
Net worth₹8.1 crore
Paid-up capital₹37.7 lakh
AreaRajasthan
Incorporated1997 · Private company
Brand founded2019
Secured loans1 open
Directors on recordKanta Prasad Mor, Sheela Devi Mor2 directors
Unimag Power Transformer Private Limited is a private company incorporated in 2014, with its registered office in Karnataka, India, classified under electrical machinery. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaKarnataka
Incorporated2014 · Private company
Secured loans2 open
Key peopleRamachandra S R (Managing Director)
OffersOutdoor type oil immersed distribution…, 500kVA, Nominal voltage 3.3kV, 6.6kV
Manufacturer of electrical distribution products & power transformers
Alfa Transformers Limited is a public company incorporated in 1982, with its registered office in Odisha, India, classified under electrical machinery. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Rajasthan Powergen is a leading Indian manufacturer of power transformers, offering a range of products that cater to various power transmission and distribution requirements. With a focus on quality and energy efficiency, the company provides customized solutions for clients across the country. Its portfolio includes low-loss transformers, dry type transformers, and other specialized products.
Rajasthan Powergen Transformer Private Limited is a private company incorporated in 2010, with its registered office in Rajasthan, India, classified under electricity, gas & power. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Prime Manufacturer of Transformers in Chennai.One of the OEM in chennai to supply industrial Grade Low Tension Transformers. We have proved our mettle in specialized fields of industrial transformers by offering industrial Low Tension transformers, electrical transformers, energy efficient transformers, single phase transformers, shielded isolation transformers, non-linear transformers, drive isolation transformers, non-ventilated transformers, buck transformers, boost transformers, current transformers, coil transformers and line reactors. Our gamut goes under strict performance tests to make sure they have superior performance and are in accordance to national and international standards.
Jayanthi Transformers Private Limited is a private company incorporated in 1992, with its registered office in Tamil Nadu, India, classified under office & computing machinery. In FY25 it reported revenue of ₹9.7 crore, up 2% on the year before, with a net margin of 0.5%.
Revenue (FY25)₹9.7 crore
Growth vs prior year+2%
Net margin0.5%
Net worth₹2 crore
Paid-up capital₹15 lakh
AreaTamil Nadu
Incorporated1992 · Private company
Secured loans2 open
Offers3-Phase Line Reactors, Input Line Reactors, Three Phase Electric Transformer, Transformer Loading Unloading
Directors on recordDharman Vally, Dharman Thiru Velayudhan, Manoj Dharman4 directors
Dharman VallyDirector · since 1992
Dharman Thiru VelayudhanDirector · since 1992
Manoj DharmanDirector · since 2001
Prasmitha ManojAdditional Director · since 2021
Products3-Phase Line Reactors, Input Line Reactors +35 products
Prima Transformers Pvt. Ltd. is a renowned manufacturer of control and power transformers, reactors, filters, and other related products. With a focus on quality and affordability, the company has established itself as a reliable partner for customers seeking high-performance solutions. Prima Transformers offers a range of products, including control transformers, auto transformers, current transformers, and cast resin transformers, among others.
Prima Transformers Private Limited is a private company incorporated in 2005, with its registered office in Gujarat, India, classified under electrical machinery. In FY25 it reported revenue of ₹9.1 crore, up 38% on the year before, with a net margin of 3.5%.
Revenue (FY25)₹9.1 crore
Growth vs prior year+38%
Net margin3.5%
Net worth₹32.1 lakh
Paid-up capital₹10 lakh
AreaGujarat
Incorporated2005 · Private company
Brand founded2007
Secured loans1 open
OffersControl & Power Transformers, Reactors, filters, CT
Directors on recordMitin Ambalal Patel, Vinod Vitthalbhai Patel2 directors
Mitin Ambalal PatelDirector · since 2005
Vinod Vitthalbhai PatelDirector · since 2005
ProductsControl & Power Transformers, Reactors +46 products
Product 01 / 06
Control & Power Transformers
AboutListed by Prima Transformer as one of its products or services; details on primatransformer.com.
Product 02 / 06
Reactors
AboutListed by Prima Transformer as one of its products or services; details on primatransformer.com.
Product 03 / 06
filters
AboutListed by Prima Transformer as one of its products or services; details on primatransformer.com.
Product 04 / 06
CT
AboutListed by Prima Transformer as one of its products or services; details on primatransformer.com.
Product 05 / 06
control panels
AboutListed by Prima Transformer as one of its products or services; details on primatransformer.com.
Product 06 / 06
Magnetic Products
AboutListed by Prima Transformer as one of its products or services; details on primatransformer.com.
1 / 6
03 · FY25 accounts · Rajasthan
M
Melcon Transformers And Electricals Private Limited
Melcon Transformers And Electricals Private Limited is a private company incorporated in 2005, with its registered office in Rajasthan, India, classified under electrical machinery. In FY25 it reported revenue of ₹4.2 crore, down 36% on the year before, with a net margin of 2.5%.
Meem Transformer Private Limited is a private company incorporated in 2013, with its registered office in Gujarat, India, classified under electrical machinery. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Manufacturer of power and distribution transformers. The company also offers transformer repairing services, catering to industrial and utility clients. Their products cater to various sectors, including power generation, transmission, and distribution.
Vishal Transformers And Switchgears Private Limited is a private company incorporated in 1981, with its registered office in Uttar Pradesh, India, classified under wholesale trade. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Financial advisory firm providing wealth management services. It offers a range of services, including asset management, financial planning, risk management, estate planning, retirement planning, income protection, fixed deposite, risk management, insurance planning, child future planning, NRI investment and more.
Wealth Transformers India Private Limited is a private company incorporated in 2016, with its registered office in Karnataka, India, classified under business services (consulting, advertising, staffing). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaKarnataka
Incorporated2016 · Private company
Brand founded2009
Secured loans1 open
Key peopleHarry Septem (Co-Founder); Peter Adams (Co-Founder)
Founders & leadershipHPHarry Septem, Peter Adams2 people
HS
Harry Septem
Co-Founder
PA
Peter Adams
Co-Founder
Financials locked for 3 of 6 smaller transformer manufacturersRevenue, growth, margin and net worth for every one of them are in Fliar Radar.
How much revenue do transformer manufacturers in India generate?
The 35 companies with accounts on file reported ₹6,818 crore in their latest year; the median is ₹38.6 crore and the top ten make up 90%.
Are transformer manufacturers in India profitable?
94% of filers reported a profit and the median net margin is 3.1%; median revenue growth is +9%.
Which city in India has the most transformer manufacturers?
Maharashtra (84); Uttar Pradesh (37); Delhi (34).
Which banks lend to transformer manufacturers in India?
State Bank Of India (65 companies); HDFC Bank (30 companies); Bank Of Baroda (27 companies); Canara Bank (26 companies).
Companies come from the Ministry of Corporate Affairs register (active companies; incorporations through 2022). Revenue, profit and net worth are the latest statutory accounts on file for companies that file them, standalone where available; companies without accounts are not in revenue figures. Secured loans are charges registered against company assets. Hiring is from Fliar Radar job tracking. Directory figures come from business-directory listings collected in 2026 (reviews to 2021). Counts are a floor: some incorporation years are only partly covered.