About Rotomag
Rotomag is a company based in Anand (India) founded in 1993 by Umesh Balani.. Rotomag has raised $5 million across 1 funding round from investors including BanyanTree Finance. The company has 115 employees as of November 28, 2024. Rotomag has completed 1 acquisition, including Statcon Energiaa. Rotomag offers products and services including Permanent Magnet DC Motors, Brushless DC Motors, and Wound Field DC Motors. Rotomag operates in a competitive market with competitors including Infinitum, Allient, Bonfiglioli, Allied Motion and TMEIC, among others.
- Headquarter Anand, India
- Employees 115 as on 28 Nov, 2024
- Founders Umesh Balani
- Stage Minicorn
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
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- Legal Name Rotomag Enertec Limited
- Date of Incorporation 24 Aug, 1993
- Jurisdiction Vithal Udyognagar, Gujarat, India
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Annual Revenue
$86.01 M (USD)11.98as on Mar 31, 2023
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Net Profit
$4.45 M (USD)-13.69as on Mar 31, 2023
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EBITDA
$6.79 M (USD)-19.64as on Mar 31, 2023
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Sep 15, 2015
- Investors
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Employee Count
115
as on Nov 28, 2024
- Investments & Acquisitions
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Products & Services of Rotomag
Rotomag offers a comprehensive portfolio of products and services, including Permanent Magnet DC Motors, Brushless DC Motors, and Wound Field DC Motors. 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.
Efficient DC motors for industrial and machinery applications.
High-performance motors for automation and hydraulic systems.
Reliable motors designed for material handling equipment.
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Funding Insights of Rotomag
Rotomag has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in September 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $5.0M
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First Round
First Round
(15 Sep 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2015 | Amount | Series A - Rotomag | Valuation |
investors |
| 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 |
Investors in Rotomag
Rotomag has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include BanyanTree Finance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm engaging in diverse sector partnerships in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rotomag
Rotomag has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Statcon Energiaa. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Manufactures power converters and inverters for energy, defense, and industrial applications.
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1991 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Rotomag
| 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 |
Rotomag Comparisons
Competitors of Rotomag
Rotomag 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 Infinitum, Allient, Bonfiglioli, Allied Motion and TMEIC, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AC induction motors are manufactured by Infinitum.
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| domain | founded_year | HQ Location |
Motors for Automation, Robotics, Automotive and more sectors
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| domain | founded_year | HQ Location |
Manufacturer of gears, drive motors and gearboxes
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| domain | founded_year | HQ Location |
Motor and servo motion products are manufactured for multiple markets.
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| domain | founded_year | HQ Location |
Designs and manufactures induction and synchronous motors and generators.
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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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Latest news on Rotomag
Frequently Asked Questions about Rotomag
When was Rotomag founded?
Rotomag was founded in 1993 and raised its 1st funding round 22 years after it was founded.
Where is Rotomag located?
Rotomag is headquartered in Anand, India. It is registered at Anand, Gujarat, India.
Who is the current CEO of Rotomag?
Umesh Balani is the current CEO of Rotomag. They have also founded this company.
Is Rotomag a funded company?
Rotomag is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Sep 15, 2015.
How many employees does Rotomag have?
As of Nov 28, 2024, the latest employee count at Rotomag is 115.
What is the annual revenue of Rotomag?
Annual revenue of Rotomag is $86.01M as on Mar 31, 2023.
What does Rotomag do?
Headquarters in Anand, Gujarat, Rotomag is the manufacturer and supplier of solar powered DC surface and submersible pumps. The company claims to offer products which are developed using BLDC and PMDC technology. The company offer products including Permanent Magnet D.C.Motors, Wound Field D.C.Motors, Gear Motors, and Custom D.C.Motors and can be used for various applications such as irrigation, drinking water, aquaculture, floriculture, etc. The company has supplied over 15k solar pumps to various government projects across India and over 200 pumps internationally.
Who are the top competitors of Rotomag?
Rotomag's top competitors include Allient, Infinitum and Bonfiglioli.
What products or services does Rotomag offer?
Rotomag offers Permanent Magnet DC Motors, Brushless DC Motors, and Wound Field DC Motors.
How many acquisitions has Rotomag made?
Rotomag has made 1 acquisition, including Statcon Energiaa.
Who are Rotomag's investors?
Rotomag has 1 investor. Key investors include BanyanTree Finance.
What is Rotomag's valuation?
The valuation of Rotomag is $5.74M as of Sep 2015.
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