TMC Transformers (India) Limited

TMC Transformers (India) Limited - energy and power in Vadodara, Gujarat, India. FY 2026 financials & compliance.
CIN U29299GJ2009PLC107122 Incorporated 18 February 2009 ROC Ahmedabad HQ Vadodara, Gujarat, India
Active Public Limited Company energy and power MSME · Medium
Data last updated
Revenue · FY 2025
₹272.47 Cr
▲ 5% YoY
Net profit · FY 2025
₹32.88 Cr
Net margin 12.1%
EBITDA · FY 2025
₹48.91 Cr
EBITDA margin 18%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹2.4 Lakh
Issued & subscribed
Open charges
₹97.57 Cr
Satisfied ₹17.13 Cr
Company age
17 yrs
Est. 2009
Directors on board
6
As per MCA filings

About TMC Transformers (India) Limited

Data last updated:

TMC Transformers (India) Limited is a public limited company based in Vadodara, Gujarat, India, a subsidiary of Tmc Italia S.P.A.. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 18 February 2009 and has been in existence for over 17 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29299GJ2009PLC107122. Its GSTIN is 24AADCT1190Q1Z0 (Gujarat). The company holds 5 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.4 Lakh. It was formerly known as Tmc Transformer (India) Private Limited. It is led by directors including Hridaynaryan Ramashankar Shukla (Managing Director) and Hemang Maheshchandra Mehta.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Survey No. 26 1/2 Part B Village – Khandiwada Vadodara – Halol Highway Taluka – Waghod, Iya, Gujarat, India – 391510.

As per the financials filed for FY 2025, the company reported a revenue of ₹272.47 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹32.88 Cr (net margin 12.1%) and EBITDA of ₹48.91 Cr (EBITDA margin 18%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 65% over five years.

As per MCA filings, the company has open charges of ₹97.57 Cr and satisfied charges of ₹17.13 Cr on record. The company has 1 deal on record (1 funding round), with disclosed funding of ₹84.3 Cr; the latest was in March 2026. Its 10 peer companies in the Power industry (Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Duracell India Operations Private Limited with revenue of ₹282.58 Cr. The company has 4 MSME Form 1 returns on record between 2020 and 2021, listing 26 overdue payments to 10 micro and small suppliers.

TMC Transformers (India) Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0020597). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tmc-india.com.

Company Details of TMC Transformers (India) Limited
CIN U29299GJ2009PLC107122
Registration Number 107122
Incorporation Date 18 February 2009
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Tmc Italia S.P.A.
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-24-0020597

Name History of TMC Transformers (India) Limited

TMC Transformers (India) has undergone 2 name changes throughout its history. The company was previously known as Tmc Transformer (India) Private Limited, and Tmc Transformers (India) Limited. The current legal name is Tmc Transformers (India) Limited.

Company NameStatus
TMC Transformers (India) LimitedCurrent
Tmc Transformer (India) Private LimitedPrevious

CIN History of TMC Transformers (India) Limited

TMC Transformers (India) has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29299GJ2009PLC107122, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U29299GJ2009PLC107122Current
U29299TG2009PTC062810Previous
U29299GJ2009PTC107122Previous
U29299AP2009PTC062810Previous
Key People
Hridaynaryan Ramashankar Shukla Managing Director Hemang Maheshchandra Mehta Director Harshil Rajendrabhai Patel Director

Recognitions & Rankings of TMC Transformers (India)

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-24-0020597
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    Survey No. 26 1/2 Part B Village – Khandiwada Vadodara – Halol Highway Taluka – Waghod, Iya, Gujarat, India – 391510
  • Industry
    Energy and Power, Power Equipment Manufacturers
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Financials, compliance, directors, charges, ownership and filings for TMC Transformers (India) Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of TMC Transformers (India) Limited

The main business activity of TMC Transformers (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of TMC Transformers (India) Limited FY 2024 filings available

TMC Transformers (India) Limited reported revenue of ₹272.47 Cr (up 5% YoY) for FY 2025.

Revenue · FY 2025
₹272.47 Cr ▲ 5%
Net profit · FY 2025
₹32.88 Cr margin 12.1%
EBITDA · FY 2025
₹48.91 Cr margin 18%

Compounded Annual Growth Rate (CAGR) of TMC Transformers (India) Limited

Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 55%
5 years · compounded
▲ 65%
EBITDA CAGR growth
1 year
▲ 219%
3 years · compounded
▲ 128%
5 years · compounded
▲ 129%

Revenue has grown at a compounded annual rate (CAGR) of 65% over five years, including 5% growth in the latest year. EBITDA rose 219% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary of TMC Transformers (India) Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue••••••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹48.91 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹32.88 Cr••••••••••••••••
Balance Sheet
Share Capital••••••••••••••••••••
Reserves and Surplus••••••••••••••••••••
Net Worth (Total Equity)••••••••••••••••••••
Long-term Borrowings••••••••••••••••••••
Short-term Borrowings••••••••••••••••••••
Trade Payables••••••••••••••••••••
Total Liabilities••••••••••••••••••••
Fixed Assets••••••••••••••••••••
Investments••••••••••••••••••••
Inventories••••••••••••••••••••
Trade Receivables••••••••••••••••••••
Cash and Bank Balance••••••••••••••••••••
Total Assets••••••••••••••••••••

Financial Ratios of TMC Transformers (India) Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin18%••••••••••••••••
Net Profit Margin12.1%••••••••••••••••
Return on Equity (ROE)••••••••••••••••••••
Return on Capital Employed (ROCE)••••••••••••••••••••
Return on Assets (ROA)••••••••••••••••••••
Liquidity and Debt
Current Ratio••••••••••••••••••••
Quick Ratio••••••••••••••••••••
Debt-to-Equity Ratio••••••••••••••••••••
Interest Coverage Ratio••••••••••••••••••••
Efficiency and Growth
Asset Turnover••••••••••••••••••••
Receivable Days••••••••••••••••••••
Payable Days••••••••••••••••••••
Inventory Days••••••••••••••••••••
Revenue Growth••••••••••••••••••••
Net Profit Growth••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of TMC Transformers (India) are in the company report.

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Board of Directors of TMC Transformers (India) Limited

TMC Transformers (India) has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Hridaynaryan Ramashankar Shukla
Also directs: Anshuman Transpower System Private Limited
Managing Director21 Oct 201511 Years 0 MonthsCurrent
Hemang Maheshchandra Mehta
Also directs: HMN & Associates LLP, Jayshree Aromatics Limited, Indian Phosphate Limited and 1 more
Director07 Aug 20251 Years 2 MonthsCurrent
Harshil Rajendrabhai Patel
Also directs: S D Retail Limited
Director07 Aug 20251 Years 2 MonthsCurrent
Venugopal Venkatasesha Sita Rama KalavaguntaDirector20 Sep 201016 Years 1 MonthsCurrent
Nitinkumar Jayantilal RathodDirector07 Aug 20251 Years 2 MonthsCurrent
Sushma ShuklaDirector07 Aug 20251 Years 2 MonthsCurrent
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Peer Comparison of TMC Transformers (India) Limited

TMC Transformers (India) Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Duracell India Operations Private Limited₹282.58 Cr (FY 2025)••••••••21.0%••••Bangalore, Karnataka, India
Ravin Infraproject Private Limited₹280.07 Cr (FY 2025)••••••••38.0%••••Mumbai, Maharashtra, India
Wilson Power Solutions India Private Limited₹275.47 Cr (FY 2025)••••••••27.0%••••Chennai, Tamil Nadu, India
Transfix (India) Private Limited₹273.76 Cr (FY 2025)••••••••63.0%••••Pune, Maharashtra, India
Modicon Private Limited₹273.34 Cr (FY 2025)••••••••32.0%••••Mumbai, Maharashtra, India
TMC Transformers (India) Limited this company₹272.47 Cr (FY 2025)••••••••5.0%••••Vadodara, Gujarat, India
Shine Metal Udyog Private Limited₹270.56 Cr (FY 2025)••••••••36.0%••••Ballabgarh, Haryana, India
Generac Captiva Private Limited₹270.39 Cr (FY 2024)••••••••34.0%••••Kolkata, West Bengal, India
Mundra Solar Technopark Private Limited₹269.72 Cr (FY 2025)••••••••-32.0%••••Ahmedabad, Gujarat, India
FS Green Energies Limited₹263.82 Cr (FY 2025)••••••••1482061.0%••••Vadodara, Gujarat, India
Venus Stampings Private Limited₹263.51 Cr (FY 2025)••••••••4.0%••••New Delhi, Delhi, India

Peers are the five companies nearest above and the five nearest below TMC Transformers (India) by revenue in the Power industry (Power Equipment Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Charges & Borrowings of TMC Transformers (India) Limited

Open charges
₹97.57 Cr
Satisfied charges
₹17.13 Cr
Breakdown by lending institutions
Others₹72.57 Cr
Hdfc Bank Limited₹25.00 Cr
Latest charge details
DateLenderAmountStatus
30 Aug 2025Others₹35 CrOpen
03 Oct 2024Others₹90 LakhOpen
31 May 2024Others₹10.96 CrOpen
03 Nov 2023Hdfc Bank Limited₹25 CrOpen
13 Aug 2020Others₹25.71 CrOpen

Total charge records: 7 View all charges

Deals & Funding of TMC Transformers (India) Limited

TMC Transformers (India) Limited has 1 deal on record (1 funding round), with disclosed funding of ₹84.3 Cr; the latest was in March 2026.

Total deals
1
Funding round
1
Disclosed funding
₹84.3 Cr

Deals on record (1 of 1)

WhenDealAmountParties
Mar 2026Funding round · Series A₹84.3 CrInvestors: India SME Investments, Dama Ventures, 2 individuals
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MSME Payment Delays by TMC Transformers (India) Limited

TMC Transformers (India) Limited has 4 MSME Form 1 returns on record between 2020 and 2021, listing 26 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 10)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
Deepdeal Electricals Private Limited••••••••••••
Trans Ins Agency••••••••••••
Geeta Enterprises••••••••••••
an individual supplier••••••••••••
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Employees and EPFO Compliance at TMC Transformers (India) Limited

Employment history and EPFO contributions of people linked to TMC Transformers (India).

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on TMC Transformers (India) Limited

TMC Transformers (India) Limited has 12 board changes on record since 2010: 6 appointments and 6 cessations. The latest: Harshil Rajendrabhai Patel ceased to be Additional Director on 29 Sep 2025.

Ceased
Harshil Rajendrabhai Patel ceased to be Additional Director.
Ceased
Hemang Maheshchandra Mehta ceased to be Additional Director.
Ceased
Nitinkumar Jayantilal Rathod ceased to be Additional Director.
Ceased
Sushma Shukla ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 35.00 Cr with Charge ID 101172438 was registered on 30 Aug 2025.
Appointed
Harshil Rajendrabhai Patel was appointed as Director.
Appointed
Hemang Maheshchandra Mehta was appointed as Director.
Appointed
Nitinkumar Jayantilal Rathod was appointed as Director.
Appointed
Sushma Shukla was appointed as Director.
Charges
A charge with Others of Rs. 10.96 Cr registered on 31 May 2024 with Charge ID 100941171 was modified on 21 May 2025.
Charges
A charge registered on 19 Sep 2022 via Charge ID 100624124 with Others was fully satisfied on 21 May 2025.
Charges
A charge registered on 13 Aug 2020 via Charge ID 100390169 with Others was fully satisfied on 21 May 2025.

14 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for TMC Transformers (India) Limited

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Subsidiaries & Group Companies of TMC Transformers (India) Limited

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GST Compliance of TMC Transformers (India) Limited

TMC Transformers (India) has 5 GST registrations: 1 active and 4 cancelled or inactive.

Total GSTINs
5
Active
1
Cancelled / inactive
4
GSTINStateStatusRegistered on
24AADCT1190Q1Z0GujaratActive01 Jul 2017
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MCA Filings & Documents of TMC Transformers (India) Limited

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Related news about TMC Transformers (India) Limited

Frequently Asked Questions about TMC Transformers (India) Limited

TMC Transformers (India) is an active public limited company based in Vadodara, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 18 February 2009 (17+ years old) and is registered under CIN U29299GJ2009PLC107122.

TMC Transformers (India) reported revenue of ₹272.47 Cr for FY 2025 (up 5% YoY).

TMC Transformers (India) has 6 current directors:

TMC Transformers (India) reported a net profit of ₹32.88 Cr (net margin 12.1%) and EBITDA of ₹48.91 Cr (EBITDA margin 18%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of TMC Transformers (India) is 55% over three years and 65% over five years. In the latest year (FY 2025) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of TMC Transformers (India) is 24AADCT1190Q1Z0, registered in Gujarat. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.

The CIN (Corporate Identification Number) of TMC Transformers (India) is U29299GJ2009PLC107122. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

TMC Transformers (India) was incorporated on 18 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.

TMC Transformers (India) has 1 deal on record (1 funding round), with disclosed funding of ₹84.3 Cr; the latest was in March 2026.

The peers of TMC Transformers (India) by revenue are Duracell India Operations Private Limited, Ravin Infraproject Private Limited, Wilson Power Solutions India Private Limited, Transfix (India) Private Limited, Modicon Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).

Harshil Rajendrabhai Patel ceased to be Additional Director on 29 Sep 2025. Hemang Maheshchandra Mehta ceased to be Additional Director on 29 Sep 2025. Nitinkumar Jayantilal Rathod ceased to be Additional Director on 29 Sep 2025. TMC Transformers (India) has 12 board changes on record in total.

Yes, TMC Transformers (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-24-0020597).

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