About Formoplastic
Formoplastic is a company based in Chennai (India) founded in 1972. It operates as a B2B, and Enterprise Contracts. The company has 193 employees as of March 31, 2024. Formoplastic offers products and services including Motor Control Centre, Power Control Centre, APFC Panels, Busducts, and DC Centrifuge Panels. Formoplastic operates in a competitive market with competitors including Advanced Electric Machines, WAGO, Integra Engineering, Multispan Control Instruments and ComAp, among others.
- Headquarter Chennai, India
- Employees 193 as on 31 Mar, 2024
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Sectors
TechnologyEnergy & Utilities
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Email
***********
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Phone
*********
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Website
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- Legal Name Formoplastic Controls Private Limited
- Date of Incorporation 03 Feb, 2003
- Jurisdiction Chennai-600 116., Tamil Nadu, India
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Annual Revenue
$13.32 M (USD)24.15as on Mar 31, 2024
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Net Profit
$260.04 K (USD)46.15as on Mar 31, 2024
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EBITDA
$707.07 K (USD)706.34as on Mar 31, 2024
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Latest Funding Round
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Investors
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Employee Count
193
as on Mar 31, 2024
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Products & Services of Formoplastic
Formoplastic offers a comprehensive portfolio of products and services, including Motor Control Centre, Power Control Centre, APFC Panels, Busducts, and DC Centrifuge Panels. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides centralized motor control for industrial applications.
Manages power distribution in manufacturing environments.
Corrects power factors for efficient energy use.
Facilitates safe power transmission in facilities.
Controls centrifuge operations in sugar processing.
Drives machinery in industrial milling processes.
Funding Insights of Formoplastic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Formoplastic
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Formoplastic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Formoplastic Comparisons
Competitors of Formoplastic
Formoplastic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Advanced Electric Machines, WAGO, Integra Engineering, Multispan Control Instruments and ComAp, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Electric traction motors are manufactured for the transport sector.
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Offers electrical interconnections and automation technology for industrial sectors worldwide.
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| domain | founded_year | HQ Location |
Manufacturer of electrical & telecom enclosures
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| domain | founded_year | HQ Location |
Produces temperature controllers, timers, and energy meters for industrial applications.
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| domain | founded_year | HQ Location |
Manufactures high-quality industrial controllers for various applications.
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| domain | founded_year | HQ Location |
Industrial motor controllers are manufactured for industrial applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Formoplastic
When was Formoplastic founded?
Formoplastic was founded in 1972.
Where is Formoplastic located?
Formoplastic is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
How many employees does Formoplastic have?
As of Mar 31, 2024, the latest employee count at Formoplastic is 193.
What is the annual revenue of Formoplastic?
Annual revenue of Formoplastic is $13.32M as on Mar 31, 2024.
What does Formoplastic do?
Formoplastic Controls Pvt. Ltd. specializes in manufacturing electrical control systems and automation solutions for various industries. They design and supply products like motor control centers and power panels, focusing on safety and quality standards. Based in Chennai, India, the company serves clients in sugar, power, cement, paper, and automobile sectors through custom solutions and skilled engineering. Their offerings include panels and drives that ensure reliable operations in industrial settings.
Who are the top competitors of Formoplastic?
Formoplastic's top competitors include Advanced Electric Machines, Integra Engineering and Sprint Electric.
What products or services does Formoplastic offer?
Formoplastic offers Motor Control Centre, Power Control Centre, APFC Panels, Busducts, and 2 more products and services.
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