About Nicore India
Nicore India is an Industrial Goods & Manufacturing company based in India founded in 2018. Manufacturing of transformer cores and provision of related services. The company has 18 employees. Its Indian entity Nicore India Private Limited reported revenue of ₹4.60 Cr. Nicore India offers products and services including Transformer Cores and Annealing Services. Its focus areas include Manufacturing, Industrial Services, Material Processing and Annealing and Coating.
Company details
Nicore India is identified as a manufacturer of high-quality transformer cores, where precision-engineered solutions are developed to address the needs of various industries. Products such as toroidal cores, EI lamination cores, and C cores are created using advanced capabilities, while services like annealing and slitting are offered to ensure optimal performance. The company is based in Bengaluru, India, and focuses on delivering durable components through a customer-oriented approach. Efficiency and quality are emphasized in every process, supporting global industrial demands without promotional intent.
- Headquarters India
- Employees 18
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Legal Name Nicore India Private Limited
- Date of Incorporation 07 Feb, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹4.60 Cr
FY 2025 · -44% YoY
- Net Loss-₹4.72 Cr
FY 2025 · -103% margin
- EBITDA-₹3.73 Cr
FY 2025 · -81% margin
- Employee Count18
Associated legal entities of Nicore India
Nicore India operates through Nicore 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 |
|---|---|---|---|---|---|---|---|
| Nicore India Private Limited CIN U31900KA2018PTC109996 | Active | 07 Feb 2018 | Bangalore, Karnataka | ₹4.6 Cr | 18 | 3 | View details |
Products & Services of Nicore India
Nicore India offers a comprehensive portfolio of products and services, including Transformer Cores and Annealing Services.
Various types of transformer cores are produced for industrial use, ensuring efficiency and durability in applications.
Annealing and related processes are provided for materials like CRGO and CRNGO coils to enhance their properties.
Board of directors of Nicore India Private Limited (Nicore India)
Nicore India Private Limited is the primary company behind Nicore India. The board of Nicore India Private Limited currently have 3 directors; the longest-serving is Xiwang Zhang, appointed in 2018. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Xiwang Zhang DIN 08008565 | Director | 16 Feb 2018 | 8 yrs 8 mo | Nicore India Private Limited |
| Yunfeng Zhang DIN 08627313 | Director | 02 Dec 2019 | 6 yrs 10 mo | Nicore India Private Limited |
| Balasubramanian Banumathi DIN 11461859 | Director | 06 Jan 2026 | 9 mo | Nicore India Private Limited |
Financials of Nicore India
Figures of Nicore India Private Limited, the primary company behind Nicore India, for FY 2025. Revenue was ₹4.60 Cr (-44% year on year). Net loss was -₹4.72 Cr (-103% margin). EBITDA was -₹3.73 Cr (-81% margin). Revenue has grown at a compounded annual rate of -25% over three years and -17% over five years.
- ₹4.60 CrRevenue · FY 2025 · -44% YoY
- -₹4.72 CrNet loss · -103% margin
- -₹3.73 CrEBITDA · -81% margin
- ₹14.24 CrPaid-up capital
- 18Employees (provident fund records)
- -25%Revenue CAGR, 3 years
- -17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nicore India Private Limited are on its company page.
Detailed financial statements for Nicore India
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
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Top companies in Metals & Minerals
3 companies that operate in the same segment as Nicore India (Metals & Minerals) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of pipes, plates & coils, and home textile products | 1985 | Mumbai, Maharashtra, India | USD 544.74 M | 6,934 | ||
Chemical and casting products are manufactured, with shipping operations managed. | 1962 | Chennai, Tamil Nadu, India | USD 576.61 M | USD 1.43 B | 180 | |
Diversified operations span automotive, agriculture, and financial services. | 1945 | Mumbai, Maharashtra, India | USD 45.15 M | USD 20.78 B | 78,760 |
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Frequently Asked Questions about Nicore India
Nicore India was founded in 2018.
Nicore India is headquartered in India.
Nicore India has 18 employees.
The primary company behind Nicore India, Nicore India Private Limited, reported revenue of ₹4.60 Cr for FY 2025, down 44% year on year.
Nicore India is identified as a manufacturer of high-quality transformer cores, where precision-engineered solutions are developed to address the needs of various industries. Products such as toroidal cores, EI lamination cores, and C cores are created using advanced capabilities, while services like annealing and slitting are offered to ensure optimal performance. The company is based in Bengaluru, India, and focuses on delivering durable components through a customer-oriented approach. Efficiency and quality are emphasized in every process, supporting global industrial demands without promotional intent.
Nicore India offers Transformer Cores and Annealing Services.
Nicore India operates through Nicore India Private Limited.
The legal entities of Nicore India currently have 3 directors, including Xiwang Zhang, Yunfeng Zhang, Balasubramanian Banumathi.