About Powermag
Powermag is a company based in Coimbatore (India). Powermag offers products and services including Yaskawa AC Drives and INVT Variable Frequency Drives.
- Headquarter Coimbatore, India
- SectorsTechnology
- Email••••••••
- Legal Name Powermag Control Systems Pvt. Ltd
- Date of Incorporation 29 Jun, 1995
- Jurisdiction Coimbatore, Tamil Nadu, India
- Annual Revenue₹11.68 Cr
FY 2024 · -2% YoY
- Net Profit₹14.6 Lakh
FY 2024 · 1% margin
- EBITDA₹22.6 Lakh
FY 2024 · 2% margin
Associated legal entities of Powermag
Powermag operates through Powermag Control Systems 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 |
|---|---|---|---|---|---|---|---|
| Powermag Control Systems Private Limited CIN U29199TZ1995PTC006282 | Active | 29 Jun 1995 | Coimbatore, Tamil Nadu | ₹11.7 Cr | – | 2 | View details |
Products & Services of Powermag
Powermag offers a comprehensive portfolio of products and services, including Yaskawa AC Drives and INVT Variable Frequency Drives.
Yaskawa AC drives are supplied for automation and energy-saving applications in manufacturing environments.
INVT variable frequency drives are provided for motor control and process optimization in industrial settings.
Board of directors of Powermag Control Systems Private Limited (Powermag)
Powermag Control Systems Private Limited is the primary company behind Powermag. The board of Powermag Control Systems Private Limited currently have 2 directors; the longest-serving is Somarajan Madhusoodhanan, appointed in 1995. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Somarajan Madhusoodhanan DIN 02643282 | Director | 29 Jun 1995 | 31 yrs 3 mo | Powermag Control Systems Private Limited |
| Mohamedbhashir Syedibrahim DIN 02643274 | Director | 29 Jun 1995 | 31 yrs 3 mo | Powermag Control Systems Private Limited |
Financials of Powermag
Figures of Powermag Control Systems Private Limited, the primary company behind Powermag, for FY 2024. Revenue was ₹11.68 Cr (-2% year on year). Net profit was ₹14.6 Lakh (1% margin). EBITDA was ₹22.6 Lakh (2% margin). Revenue has grown at a compounded annual rate of +12% over three years and +18% over five years.
- ₹11.68 CrRevenue · FY 2024 · -2% YoY
- ₹14.6 LakhNet profit · 1% margin
- ₹22.6 LakhEBITDA · 2% margin
- ₹6.8 LakhPaid-up capital
- +12%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Powermag Control Systems Private Limited are on its company page.
Detailed financial statements for Powermag
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Web traffic of Powermag
Websites that share an audience with Powermag (powermag.in).
Websites whose visitors overlap most with Powermag. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dynamatic.com | 38% | 4K | – | View details |
Similar companies to Powermag
10 companies that operate in the same segment as Powermag (Robotic Automation Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
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Cloud-based low-code platform enables application development and automation. | 1999 | Reston, Virginia, United States | USD 47.5 M | USD 726.94 M | 2,029 | |
Accounts payable and payment automation solutions are offered for businesses. | 2000 | Charlotte, North Carolina, United States | USD 1.18 B | USD 438.94 M | 1,600 | |
AI-powered software for contract drafting and management is provided. | 2017 | India | USD 112.95 M | USD 2.43 M | 162 | |
Cloud-based customer experience management software is offered by NICE. | 1986 | Hoboken, New Jersey, United States | USD 39.11 M | USD 3.19 B | 8,730 | |
AI-powered customer experience automation solutions are provided by Verint. | 1994 | Melville, New York, United States | – | USD 909.19 M | 3,800 | |
Cloud-based robotic process automation software is developed and provided. | 2005 | Bucharest, Romania | USD 1.96 B | USD 1.61 B | 3,870 | |
Contract lifecycle management is facilitated via a cloud-based platform. | 2006 | Broomfield, Colorado, United States | USD 140.09 M | – | – | |
Records are digitized and managed through automation and software solutions. | 2014 | Hayward, California, United States | USD 136.5 M | – | – | |
Provider of an end-to-end AI agent builder platform | 2012 | San Francisco, California, United States | USD 368.56 M | – | – | |
Document processing is automated through AI-based robotic platforms. | 2013 | New York, New York, United States | USD 438.88 M | – | 153 |
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Frequently Asked Questions about Powermag
Powermag is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
The primary company behind Powermag, Powermag Control Systems Private Limited, reported revenue of ₹11.68 Cr for FY 2024, down 2% year on year.
Powermag Control Systems Pvt. Ltd. was established in 1991 in Coimbatore, India, and is recognized as a leader in the manufacturing of eddy current variable speed drives and dynamometers. It functions as an authorized dealer for Yaskawa AC drives and INVT products, offering a wide range of automation solutions such as PLC, HMI, and control panels. These products are designed to meet industrial requirements, ensuring reliable performance in manufacturing and energy-saving applications. Powermags services are extended through system integration for various automation needs, supporting sectors like textiles and industrial hubs with competitive pricing and technical support.
Powermag offers Yaskawa AC Drives and INVT Variable Frequency Drives.
Powermag operates through Powermag Control Systems Private Limited.
The legal entities of Powermag currently have 2 directors, including Somarajan Madhusoodhanan, Mohamedbhashir Syedibrahim.