Atlanta Electricals Ltd IPO

About Atlanta Electricals Ltd

Our Company was incorporated as `Atlanta Electricals Private Limited' as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated December 15, 1988, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, at Ahmedabad (RoC). Upon the conversion of our Company into a public limited company, pursuant to a board resolution dated March 18, 1996, and a shareholders' resolution dated April 2, 1996, the name of our Company was changed to Atlanta Electricals Limited, and a fresh certificate of incorporation dated April 10, 1996, was issued by the RoC. Pursuant to a board resolution dated February 21, 2003, and a shareholders' resolution dated March 17, 2003, our Company was converted into a private limited company and consequently, the name of our Company was changed to Atlanta Electricals Private Limited, and a fresh certificate of incorporation dated March 31, 2003, was issued by the RoC. Subsequently, pursuant to a Board resolution dated November 11, 2024 and a Shareholders' resolution dated November 14, 2024, our Company was converted into a public limited company and consequently, the name of our Company was changed to Atlanta Electricals Limited and a fresh certificate of incorporation dated December 20, 2024 was issued by the RoC.

The global transformers market is experiencing accelerated growth, driven by the increasing demand for power and rapid industrialization worldwide. As economies prioritize energy efficiency and reduced carbon emissions, the need to upgrade and expand power infrastructure has become paramount. India's transformer market is driven by the relentless growth in electricity demand, with per capita consumption surging by over 50% in the last decade. The government is also investing in the renewable energy sector and expanding the power transmission network, which will create opportunities for the transformer market's growth. During the last five years (2019-2023), the global transformer market has grown at a CAGR of ~4.9%, and is expected to grow at an annual growth rate of ~7.43% between Fiscals 2024-2030. Further, the domestic transformer market is expected to grow by 7-8% in 2025. The transformer segment has registered a growth of 10.4% in between 2019-23 and is expected to grow at CAGR of ~6-7% from 2024-2030.

We are a transformer manufacturer in India specializing in power, auto and inverter duty transformers up to and including 200 Mega Volt-Amp (MVA) capacity and with 220 kilovolts (kV) voltage prior to the acquisition of BTW-Atlanta Transformers India Private Limited and the commissioning of our Vadod Unit. Following these developments, we have enhanced our manufacturing capabilities and are now able to produce transformers with a rated capacity of up to 500 MVA and with 765 kV. With over 30 years of experience and as of March 31, 2025, we have supplied 4,400 transformers, totalling to 94,000 MVA, across 19 states and three union territories.

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