About Ixor Electric
Ixor Electric is a Technology company based in Coimbatore (India) founded in 2021. It provides magnet-free switched reluctance motors for various applications. It operates on a B2B model. Its Indian entity Ixor Electric Private Limited reported revenue of ₹9.5 Lakh. Its focus areas include Manufacturing, Automotive Technology, Electric Motors and Reluctance Motor Solutions. Its competitors include Chara, TSUYO and Revoh; 3 of its 3 listed competitors have raised funding.
Company details
Ixor Electric provides magnet-free switched reluctance motors for various applications through producing manufactured goods, innovating automotive tech, electric motors, and reluctance motor solutions. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Coimbatore, India
- SectorsTechnology
- Website ixorelectric.com
- Legal Name Ixor Electric Private Limited
- Date of Incorporation 01 Jul, 2021
- Jurisdiction Coimbatore, Tamil Nadu, India
- Annual Revenue₹9.5 Lakh
FY 2024 · +635247% YoY
- Net Loss-₹20.4 Lakh
FY 2024 · -214% margin
- EBITDA-₹20.2 Lakh
FY 2024 · -212% margin
Associated legal entities of Ixor Electric
Ixor Electric operates through Ixor Electric Private Limited (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 |
|---|---|---|---|---|---|---|---|
| Ixor Electric Private Limited CIN U34102TZ2021PTC036477 | Active | 01 Jul 2021 | Coimbatore, Tamil Nadu | ₹0.1 Cr | 2 | View details |
Board of directors of Ixor Electric Private Limited (Ixor Electric)
Ixor Electric Private Limited is the primary company behind Ixor Electric. The board of Ixor Electric Private Limited currently have 2 directors; the longest-serving is Krishnan Ramu, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Krishnan Ramu DIN 09222733 | Director | 01 Jul 2021 | 5 yrs 4 mo | Ixor Electric Private Limited |
| Prabhakar R Marur DIN 09222712 | Director | 01 Jul 2021 | 5 yrs 4 mo | Ixor Electric Private Limited |
Financials of Ixor Electric
Figures of Ixor Electric Private Limited, the primary company behind Ixor Electric, for FY 2024. Revenue was ₹9.5 Lakh (+635247% year on year). Net loss was -₹20.4 Lakh (-214% margin). EBITDA was -₹20.2 Lakh (-212% margin).
- ₹9.5 LakhRevenue · FY 2024 · +635247% YoY
- -₹20.4 LakhNet loss · -214% margin
- -₹20.2 LakhEBITDA · -212% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Ixor Electric Private Limited are on its company page.
Detailed financial statements for Ixor Electric
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Competitors of Ixor Electric
Ixor Electric has 3 listed competitors in our database, 3 of them funded. They include Chara, TSUYO and Revoh.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| chara.co.in | 2019 | Bengaluru, India | $11.86M | 75 | Manufacturer of motors for electric vehicles | |
| tsuyo.co.in | 2020 | Delhi, India | $4.5M | 29 | BDLC motors and controllers for electric three-wheelers are developed. | |
| revoh.in | 2017 | Chennai, India | $637,096 | 24 | End-to-end hardware and software solutions for electric vehicles are provided. |
Detailed competitors of Ixor Electric
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- Full competitor set
- Operating metrics
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Top companies in Electronic Manufacturing & Components
3 companies that operate in the same segment as Ixor Electric (Electronic Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of ODM plus solutions for diverse industries | 1990 | Kochi, Kerala, India | USD 119.5 M | USD 347.84 M | 162 | |
Integrated electronics manufacturing and IoT solutions are delivered across industries. | 2008 | Mysuru, Karnataka, India | USD 22.44 M | USD 386.47 M | 587 | |
Electronics manufacturing services are provided for consumer and home products. | 1993 | Noida, Uttar Pradesh, India | USD 9.32 M | USD 5.17 B | 4,447 |
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Frequently Asked Questions about Ixor Electric
Ixor Electric was founded in 2021.
Ixor Electric is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
The primary company behind Ixor Electric, Ixor Electric Private Limited, reported revenue of ₹9.5 Lakh for FY 2024, up 635247% year on year.
Ixor Electric provides magnet-free switched reluctance motors for various applications through producing manufactured goods, innovating automotive tech, electric motors, and reluctance motor solutions. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Ixor Electric operates through Ixor Electric Private Limited.
The legal entities of Ixor Electric currently have 2 directors, including Krishnan Ramu, Prabhakar R Marur.