About Magcore
Magcore is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 1987. Manufacturing of electrical stampings and laminations for motors and appliances in India. It operates in the Transportation, Automotive & Logistics and Technology sectors. The company has 60 employees. Its Indian entity Magcore Lamination (India) Private Limited reported revenue of ₹338 Cr. Magcore offers products and services including Electrical Stampings and Die-Casted Rotors. Its focus areas include Manufacturing, Industrial Supplies, Automotive Parts and Electric Vehicle Components.
Company details
Magcore is identified as a leading manufacturer of electrical stampings and laminations that serve industries like automotive and electric vehicles. Products are engineered to adhere to high-quality standards, emphasizing precision and efficiency in rotating machines. State-of-the-art facilities are maintained across 90,000 square feet in India, supported by a workforce of 450 professionals. Environmental compliance is prioritized, ensuring eco-conscious practices in production and services. Reliability is demonstrated through global partnerships and innovative solutions.
- Headquarters Bengaluru, India
- Employees 60
- SectorsTransportation, Automotive & LogisticsTechnology
- Phone•••• ••••
- Legal Name Magcore Lamination India Pvt. Ltd
- Date of Incorporation 17 Jul, 1987
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹338 Cr
FY 2025 · +1% YoY
- Net Profit₹4.44 Cr
FY 2025 · 1% margin
- EBITDA₹19.94 Cr
FY 2025 · 6% margin
- Employee Count60
Associated legal entities of Magcore
Magcore operates through Magcore Lamination (India) 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 |
|---|---|---|---|---|---|---|---|
| Magcore Lamination (India) Private Limited CIN U85110KA1987PTC008493 | Active | 17 Jul 1987 | Tumkur, Karnataka | ₹338 Cr | 60 | 2 | View details |
Products & Services of Magcore
Magcore offers a comprehensive portfolio of products and services, including Electrical Stampings and Die-Casted Rotors.
Electrical stampings are designed for rotating machines, providing precision and reliability across various industries
Die-casted rotors are engineered for efficiency in electrical motors and generators, supporting applications in automotive and industrial sectors
Board of directors of Magcore Lamination (India) Private Limited (Magcore)
Magcore Lamination (India) Private Limited is the primary company behind Magcore. The board of Magcore Lamination (India) Private Limited currently have 2 directors; the longest-serving is Babulal Parasmal Bhansali, appointed in 1987. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Babulal Parasmal Bhansali DIN 01498383 | Director | 17 Jul 1987 | 39 yrs 3 mo | Magcore Lamination (India) Private Limited |
| Vikram Kumar Bhansali DIN 01615726 | Managing Director | 02 May 2006 | 20 yrs 5 mo | Magcore Lamination (India) Private Limited |
Financials of Magcore
Figures of Magcore Lamination (India) Private Limited, the primary company behind Magcore, for FY 2025. Revenue was ₹338 Cr (+1% year on year). Net profit was ₹4.44 Cr (1% margin). EBITDA was ₹19.94 Cr (6% margin). Revenue has grown at a compounded annual rate of +4% over three years and +25% over five years.
- ₹338 CrRevenue · FY 2025 · +1% YoY
- ₹4.44 CrNet profit · 1% margin
- ₹19.94 CrEBITDA · 6% margin
- ₹5.00 CrPaid-up capital
- 60Employees (provident fund records)
- +4%Revenue CAGR, 3 years
- +25%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Magcore Lamination (India) Private Limited are on its company page.
Detailed financial statements for Magcore
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
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Top companies in Automotive Manufacturing & Components
3 companies that operate in the same segment as Magcore (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electrical and electronic parts for automobiles are provided by SEDEMAC. | 2007 | Pune, Maharashtra, India | USD 26.22 M | USD 32.69 M | 415 | |
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles | 1994 | Mumbai, Maharashtra, India | USD 137.89 M | USD 17.06 B | 33,980 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
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Frequently Asked Questions about Magcore
Magcore was founded in 1987.
Magcore is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Magcore has 60 employees.
The primary company behind Magcore, Magcore Lamination (India) Private Limited, reported revenue of ₹338 Cr for FY 2025, up 1% year on year.
Magcore is identified as a leading manufacturer of electrical stampings and laminations that serve industries like automotive and electric vehicles. Products are engineered to adhere to high-quality standards, emphasizing precision and efficiency in rotating machines. State-of-the-art facilities are maintained across 90,000 square feet in India, supported by a workforce of 450 professionals. Environmental compliance is prioritized, ensuring eco-conscious practices in production and services. Reliability is demonstrated through global partnerships and innovative solutions.
Magcore offers Electrical Stampings and Die-Casted Rotors.
Magcore operates through Magcore Lamination (India) Private Limited.
The legal entities of Magcore currently have 2 directors, including Vikram Kumar Bhansali, Babulal Parasmal Bhansali.