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. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 1 deal on record (1 funding round), with disclosed funding of ₹84.3 Cr; the latest was in March 2026. Its 4 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 2 smaller; the largest is Wilson Power Solutions India Private Limited with revenue of ₹275.47 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

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

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

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

TMC Transformers (India) Limited's registered office is in Vadodara, Gujarat.

  • 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
Comprehensive company report
TMC Transformers (India) Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

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 codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of TMC Transformers (India) Limited, buy the company report.

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)

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

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

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

To see the full financial statements and ratios of TMC Transformers (India) Limited, buy the company report.

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 3 MonthsCurrent
Harshil Rajendrabhai Patel
Also directs: S D Retail Limited
Director07 Aug 20251 Years 3 MonthsCurrent
Venugopal Venkatasesha Sita Rama KalavaguntaDirector20 Sep 201016 Years 1 MonthsCurrent
Nitinkumar Jayantilal RathodDirector07 Aug 20251 Years 3 MonthsCurrent
Sushma ShuklaDirector07 Aug 20251 Years 3 MonthsCurrent
View all directors

Peer comparison

TMC Transformers (India) Limited is compared with the 4 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
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
TMC Transformers (India) Limitedthis company₹272.47 Cr (FY 2025)₹32.88 Cr12.1%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

To see the full peer comparison of TMC Transformers (India) Limited, buy the company report.

Charges & borrowings

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
DateCharge IDLenderAmountStatusModified or satisfied on
30 Aug 2025101172438Others₹35 CrOpen
03 Oct 2024100991467Others₹90 LakhOpen
31 May 2024100941171Others₹10.96 CrOpen
03 Nov 2023100830503Hdfc Bank Limited₹25 CrOpen
13 Aug 2020100366349Others₹25.71 CrOpen

To see the full charge records of TMC Transformers (India) Limited, buy the company report.

Total charge records: 7 View all charges

Deals & funding

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

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

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

To see the full MSME payment records of TMC Transformers (India) Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

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

To see the full GST registrations and return filing status of TMC Transformers (India) Limited, buy the company report.

Recent activity

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 in the company report.

News

Frequently asked questions

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) has 6 current directors:

The latest financial statements of TMC Transformers (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

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) has 2 court cases on record: 1 filed by the company and 1 filed against it.

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 Wilson Power Solutions India Private Limited, Transfix (India) Private Limited, Shine Metal Udyog Private Limited, Generac Captiva Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

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).

TMC Transformers (India) has 4 MSME Form 1 returns on record between 2020 and 2021, listing 26 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 Oct 2021.