The Company is engaged in the manufacturing and supply of components used in the power distribution and transmission sector, primarily to transformer and other power equipments manufacturer in India and abroad. It manufactures and supply a different range of electrical lamination cold rolled grain oriented (C.R.G.O.) lamination core, CRGO slit coils, CRGO tacked (assembled cores), CRGO wound core and CRGO Toroidal core which are mainly used in ower transformer, distribution transformer & dry type transformers, high voltage / medium voltage & low voltage current transformers. It manufactures its products keeping in mind the industry standards and specifications given by the customer, with the use of latest technology to manufacture our products and offer its customers with the defined requirements based on the product dimensions and materials for application in the power & distribution equipment industry.

Prior to the incorporation of the company, its promoter Nilesh Jitubhai Patel was carrying on the business as a proprietorship concern under the name of “M/s Vilas Transcore” since the year 1996. Later, on April 23, 2007, the running business of the above proprietorship concern was taken-over by the company, along with the assets and liabilities of the proprietorship concern. Under the vision and guidance of the promoter, it has established ourselves by focusing on quality, timely delivery and undertaking customisation as per customer demands. Its growth has been driven by an increase in the business with its customers for its product, due to which from fiscal 2021 to fiscal 2023, its revenues from customers has grown at a compound annual growth rate (“CAGR”) of 45.96 % along with repeated orders from its top customers over the years.

For year/ period ended ( in lacs.)

For year/ period ended ( in Cr.)

*Market cap @upper band 

• Established player in manufacturing of transformer component and power equipment sector
• Strong manufacturing capabilities
• Longstanding relationships with customers
• Skilled and experienced promoter and management team

Strong financial position with robust financial performance

1. Funding for strategic investment and acquisitions,
2. Funding Capital Expenditure towards construction of factory building,
3. Funding capital expenditure towards acquiring and installing additional plant and machinery,
4. General Corporate Purpose,
5. To meet issue expenses.

The company is engaged in the manufacturing of components needed for power distribution and transmission sector. Based on FY24 annualized earnings, the issue appears fully priced. Investors those have high risk taking appetite, may park funds for the medium to long term basis.