About Banmore Electrical
Banmore Electrical is an Industrial Goods & Manufacturing company based in India. Manufacturing of CRGO transformer lamination and core assemblies in India. The company has 31 employees. Its Indian entity Banmore Electricals Pvt Ltd reported revenue of ₹83.12 Cr. Banmore Electrical offers products and services including CRGO Transformer Lamination and Built Core Assembly. Its focus areas include Manufacturing, Industrial Supplies, Electrical Components and Steel Laminations.
Company details
Banmore Electrical has been involved in the production of transformer and core lamination since 1978, with systems established for quality assurance and compliance to standards like ISO 9001:2015. Achievements include being the first in India to receive BIS COC certification for CRGO transformer lamination and exporting to over 16 countries. Innovations in fully automated CNC lines have enabled efficient manufacturing, while partnerships with global entities are maintained through ethical practices and technical guidance for cost reduction and efficiency improvements in transformers.
- Headquarters India
- Employees 31
- SectorsIndustrial Goods & Manufacturing
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- Legal Name Banmore Electricals Pvt Ltd
- Date of Incorporation 28 Dec, 1977
- Jurisdiction Gwalior, Madhya Pradesh, India
- Annual Revenue₹83.12 Cr
FY 2024 · +45% YoY
- Net Profit₹4.70 Cr
FY 2024 · 6% margin
- EBITDA₹7.39 Cr
FY 2024 · 9% margin
- Employee Count31
Associated legal entities of Banmore Electrical
Banmore Electrical operates through Banmore Electricals Pvt Ltd (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Banmore Electricals Pvt Ltd CIN U03110MP1977PTC001428 | Active | 28 Dec 1977 | Gwalior, Madhya Pradesh | ₹83.1 Cr | 31 | 3 | View details |
Products & Services of Banmore Electrical
Banmore Electrical offers a comprehensive portfolio of products and services, including CRGO Transformer Lamination and Built Core Assembly.
Lamination for transformers is produced using automated processes to ensure guaranteed per KG iron losses
Core assemblies for transformers are supplied with no-load losses managed through advanced engineering solutions
Board of directors of Banmore Electricals Pvt Ltd (Banmore Electrical)
Banmore Electricals Pvt Ltd is the primary company behind Banmore Electrical. The board of Banmore Electricals Pvt Ltd currently have 3 directors; the longest-serving is Nirmal Kumar Jain, appointed in 1977. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nirmal Kumar Jain DIN 00383214 | Director | 28 Dec 1977 | 48 yrs 10 mo | Banmore Electricals Pvt Ltd |
| Sadhana Jain DIN 00687942 | Director | 28 Aug 2006 | 20 yrs 2 mo | Banmore Electricals Pvt Ltd |
| Gaurav Jain DIN 01131484 | Director | 28 Aug 2006 | 20 yrs 2 mo | Banmore Electricals Pvt Ltd |
Financials of Banmore Electrical
Figures of Banmore Electricals Pvt Ltd, the primary company behind Banmore Electrical, for FY 2024. Revenue was ₹83.12 Cr (+45% year on year). Net profit was ₹4.70 Cr (6% margin). EBITDA was ₹7.39 Cr (9% margin). Revenue has grown at a compounded annual rate of +47% over three years and +21% over five years.
- ₹83.12 CrRevenue · FY 2024 · +45% YoY
- ₹4.70 CrNet profit · 6% margin
- ₹7.39 CrEBITDA · 9% margin
- ₹20 LakhPaid-up capital
- 31Employees (provident fund records)
- +47%Revenue CAGR, 3 years
- +21%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Banmore Electricals Pvt Ltd are on its company page.
Detailed financial statements for Banmore Electrical
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Top companies in PCB & Electronic Components
3 companies that operate in the same segment as Banmore Electrical (PCB & Electronic Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufactures energy meters, monitors, and switchgear for power management and industrial applications. | 2004 | Bengaluru, Karnataka, India | ||||
Gala Precision Engineering is engaged in manufacturing precision components. | 2009 | Thane, Maharashtra, India | USD 33.25 M | 335 | ||
Electronic safety embedded systems are manufactured for railway transport. | 2002 | Bengaluru, Karnataka, India | 383 |
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Frequently Asked Questions about Banmore Electrical
Banmore Electrical is headquartered in India.
Banmore Electrical has 31 employees.
The primary company behind Banmore Electrical, Banmore Electricals Pvt Ltd, reported revenue of ₹83.12 Cr for FY 2024, up 45% year on year.
Banmore Electrical has been involved in the production of transformer and core lamination since 1978, with systems established for quality assurance and compliance to standards like ISO 9001:2015. Achievements include being the first in India to receive BIS COC certification for CRGO transformer lamination and exporting to over 16 countries. Innovations in fully automated CNC lines have enabled efficient manufacturing, while partnerships with global entities are maintained through ethical practices and technical guidance for cost reduction and efficiency improvements in transformers.
Banmore Electrical offers CRGO Transformer Lamination and Built Core Assembly.
Banmore Electrical operates through Banmore Electricals Pvt Ltd.
The legal entities of Banmore Electrical currently have 3 directors, including Sadhana Jain, Gaurav Jain, Nirmal Kumar Jain.