Mangal Electrical Industries Ltd IPO

About Mangal Electrical Industries Ltd

Our Company 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 under Part IX of the Companies Act, 1956 as `Mangal Electrical Industries Private Limited' and a fresh certificate of incorporation dated April 1, 2008 issued by the RoC. Thereafter, our Company was converted into public limited company pursuant to shareholder's resolution dated May 16, 2024, consequent to which the name of our Company was changed to Mangal Electrical Industries Limited, and a fresh certificate of incorporation dated July 25, 2024 was issued by the RoC.

The Indian transformer industry is experiencing robust growth, driven by factors such as rapid urbanization, industrialization, and increasing demand for electricity. The estimated market size for Financial Year 2025 is Rs. 353.9 billion, indicating a significant expansion in recent years. The increase in renewable contribution, particularly between Financial Year 2022 and Financial Year 2025, signifies the country's strategic push toward decarbonization and its efforts to reduce reliance on fossil fuels while fostering sustainable development through solar, wind, and other green energy sources. To support the projected energy demand of 1,907 billion units (BU) in Financial Year 2027 and 2,472 BU in Financial Year 2032 and the expected increase in peak electricity demand from 250 gigawatts (GW) in Financial Year 2025 to 277 GW in Financial Year 2027 and 366 GW in Financial Year 2032, the power transmission and distribution network will need to be strengthened and expanded with significant augmentation of the distribution infrastructure. Government schemes like Deen Dayal Upadhyaya Gram Jyoti Yojana, Integrated Power Development Scheme, Revamped Distribution Sector Scheme, National Grid: One Nation - One Grid, Green Energy Corridor also provides a positive outlook for Transformer industry.

We specialize in processing transformer components, including transformer laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound and toroidal cores, and oil-immersed circuit breakers. We also trade in CRGO and CRNO coils and amorphous ribbons. Additionally, we manufacture transformers and customized products for the power infrastructure industry. Our transformer range spans from single-phase 5 KVA to three-phase 10 MVA units. We also offer EPC services for setting up electrical substations, serving the power sector. As of June 30, 2025, our Company had a total order book value of Rs. 29,419.78 lakhs.

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