About Elektromag
Elektromag is an Industrial Goods & Manufacturing company based in Mumbai (India) founded in 1958. Manufacturing of magnetic equipment and industrial supplies. It operates in the Industrial Goods & Manufacturing and Technology sectors. The company has 118 employees. Its Indian entity Elektromag Devices Private Limited reported revenue of ₹149 Cr. Elektromag offers products and services including Lifting Magnets and Magnetic Separators. Its focus areas include Manufacturing, Industrial Equipment, Magnetic Solutions and Lifting and Separation Equipment.
Company details
Elektromag is noted for its production of lifting magnets, magnetic separators, and related industrial equipment, with technology sourced from German and Australian partners. Products are supplied to sectors including steel, power, and cement, where they are used for material handling and contamination removal. The company operates from Mumbai, India, and exports to over 50 countries, maintaining quality management systems to ensure reliability and customer satisfaction. Continuous improvements are made in product design for enhanced performance and longevity, drawing on over six decades of experience.
- Headquarters Mumbai, India
- Employees 118
- SectorsIndustrial Goods & ManufacturingTechnology
- Email••••••••
- Website elektromag.com
- Legal Name Elektromag Devices Pvt Ltd
- Date of Incorporation 15 Jul, 1974
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹149 Cr
FY 2025 · +2% YoY
- Net Profit₹11.46 Cr
FY 2025 · 8% margin
- EBITDA₹24.82 Cr
FY 2025 · 17% margin
- Employee Count118
Associated legal entities of Elektromag
Elektromag operates through Elektromag Devices Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Elektromag Devices Private Limited CIN U32108MH1974PTC017610 | Active | 15 Jul 1974 | Mumbai, Maharashtra | ₹149 Cr | 118 | 5 | View details |
Products & Services of Elektromag
Elektromag offers a comprehensive portfolio of products and services, including Lifting Magnets and Magnetic Separators.
Lifting magnets are produced for applications in steel mills and scrap yards, using advanced technology to handle materials efficiently.
Magnetic separators are manufactured for removing ferrous contamination from raw materials in industries such as crushers and pulverisers.
Board of directors of Elektromag Devices Private Limited (Elektromag)
Elektromag Devices Private Limited is the primary company behind Elektromag. The board of Elektromag Devices Private Limited currently have 5 directors; the longest-serving is Gulu Mohansing Advani, appointed in 1974. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gulu Mohansing Advani DIN 01030327 | Managing Director | 15 Jul 1974 | 52 yrs 3 mo | Elektromag Devices Private Limited |
| Ramesh Mohansing Advani DIN 01030423 | Director | 21 Jul 1974 | 52 yrs 3 mo | Elektromag Devices Private Limited |
| Navin Moti Advani DIN 01033405 | Director | 28 Sep 1988 | 38 yrs 1 mo | Elektromag Devices Private Limited |
| Kabir Ramesh Advani DIN 02043926 | Director | 01 Jun 2002 | 24 yrs 5 mo | Elektromag Devices Private Limited |
| Meena Mohansing Advani DIN 06907339 | Director | 03 Jul 2014 | 12 yrs 3 mo | Elektromag Devices Private Limited |
Financials of Elektromag
Figures of Elektromag Devices Private Limited, the primary company behind Elektromag, for FY 2025. Revenue was ₹149 Cr (+2% year on year). Net profit was ₹11.46 Cr (8% margin). EBITDA was ₹24.82 Cr (17% margin). Revenue has grown at a compounded annual rate of +14% over three years and +13% over five years.
- ₹149 CrRevenue · FY 2025 · +2% YoY
- ₹11.46 CrNet profit · 8% margin
- ₹24.82 CrEBITDA · 17% margin
- ₹2.39 CrPaid-up capital
- 118Employees (provident fund records)
- +14%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Elektromag Devices Private Limited are on its company page.
Detailed financial statements for Elektromag
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Elektromag
Elektromag was founded in 1958.
Elektromag is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Elektromag has 118 employees.
The primary company behind Elektromag, Elektromag Devices Private Limited, reported revenue of ₹149 Cr for FY 2025, up 2% year on year.
Elektromag is noted for its production of lifting magnets, magnetic separators, and related industrial equipment, with technology sourced from German and Australian partners. Products are supplied to sectors including steel, power, and cement, where they are used for material handling and contamination removal. The company operates from Mumbai, India, and exports to over 50 countries, maintaining quality management systems to ensure reliability and customer satisfaction. Continuous improvements are made in product design for enhanced performance and longevity, drawing on over six decades of experience.
Elektromag offers Lifting Magnets and Magnetic Separators.
Elektromag operates through Elektromag Devices Private Limited.
The legal entities of Elektromag currently have 5 directors, including Meena Mohansing Advani, Navin Moti Advani, Kabir Ramesh Advani and others.