Mangal Electrical Industries Ltd

History of Mangal Electrical Industries Ltd

Mangal Electrical Industries Limited was originally formed as a partnership firm constituted under the Indian Partnership Act, 1932 on April 28, 1989 under the name and the style of 'Mangal Electrical Industries'. Thereafter, the partnership Firm was converted into a Private Limited Company as Mangal Electrical Industries Private Limited' dated April 1, 2008 issued by the RoC. Thereafter, the status of the Company was converted into Public Limited Company, consequent to which the name of the Company was changed to Mangal Electrical Industries Limited, and a fresh Certificate on Incorporate dated July 25, 2024 was issued by the RoC. The Company operate in the business of processing transformer components transformer lamination, CRGO slit coils, amorphous cores, coil assemblies and core assemblies, wound core, toroidal core and oil immersed circuit breakers. It trade CRGO and CRNO coils, as well as amorphous ribbons. At present, Company works 5 production facilities in Rajasthan with an aggregate production capacity for (i) 16,200 MT for CRGO, (ii) 10,22,500 KVA for transformers and (iii) 75,000 units for ICB and (iv) 2,400 MT for Amorphous units per annum. Apart from these, it manufacture transformers and customised products in the power infrastructure industry and further manufacture transformers with capacities ranging from single-phase 5 KVA to three-phase 10 MVA (medium power) units and also provide EPC services for setting up electrical sub-station, catering to the ...power infrastructure sector. In 2023, the entire business undertaking of Dynamic Powertech Private Limited (DPPL) got merged with the Company via going concern through the Scheme of Arrangement and became effective from April 1, 2023. In terms of consideration, share exchange ratio for the aforementioned Scheme was 12 fully paid-up Equity Shares of Rs 10 each of the Company for every 1 fully paid-up equity shares held in DPPL, to the shareholders of DPPL. Company raised Rs 4000 Cr through initial public offer by issuing 71,30,124 equity shares of Rs 10 by way of fresh issue in August 2025.