Mangal Electrical Industries Ltd Company Summary

Mangal Electrical Industries Limited was originally formed as a partnership firm constituted under the Indian Partnership Act, 1932 on April 28, 1989 as 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 was converted into Public Limited Company, and the name of the Company was changed to Mangal Electrical Industries Limited, dated July 25, 2024.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. 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.During FY2026, Company enhanced its Cold Rolled Grain Oriented (CRGO) processing capacity to 28,000 MT with prior approval from PGCIL for CRGO processing up to the 765 kV class, to increase the credentials in the market.