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Company Information

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TRANSFORMERS & RECTIFIERS (INDIA) LTD.

10 March 2026 | 12:00

Industry >> Power - Transmission/Equipment

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ISIN No INE763I01026 BSE Code / NSE Code 532928 / TARIL Book Value (Rs.) 47.35 Face Value 1.00
Bookclosure 09/05/2025 52Week High 594 EPS 7.14 P/E 40.49
Market Cap. 8674.79 Cr. 52Week Low 224 P/BV / Div Yield (%) 6.10 / 0.07 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
We were originally incorporated as Triveni Electric Company Limited vide certificate of incorporation dated July 11, 1994, bearing No. : 04 22460 of 1994-95, and were engaged in the manufacture of upto 220 kV transformers. Our Company is promoted by Mr. Jitendra U. Mamtora, Mrs Karuna J. Mamtora and Mr. Satyen J. Mamtora.In 1995 our Company's name was subsequently changed to Transformers and Rectifiers (India) Limited vide a fresh certificate of incorporation dated March 29, 1995, issued by the Registrar of Companies, Gujarat. We currently operate out of our two manufacturing facilities situated at Changodar and Odhav situated in Ahmedabad. We acquired ourOdhav unit in 2006 as part of our expansion plans. Our business mainly comprises of manufacturing and selling of various kinds of transformers such as power, and distribution transformers,furnace transformers, rectifier transformers, and specialised transformers. In 1998 we were certified as an ISO 9001-2000 company by Bureau Veritas, in respect of design manufacturing and servicing of distribution transformers, power transformers (up to 200 MVA, 220 kV class) and furnace transformers (up to 63 MVA, 33 kV class). Our ISO-9001-2000 certification has expired on September 16, 2007 and is in the process of being renewed. In fiscal 2006 we increased the production capacity of our plant located at Changodar from 4000 MVA p.a to its present capacity of 6,000 MVA p.a. In order to effectively augment this unit's production capacities, we initiated several expansion and debottle necking procedures to facilitate this expansion, including installation of new winding machines,separate oven for coil drying, segregation of despatch area along with 100 MT capacity EOT crane and employing additionalmanpower Effective August 1, 2006 our Company acquired the business of M/s Transformers and Rectifiers (India), a proprietary concern of our Promoter Mr. Jitendra U.Mamtora situated at Plot No 233, GVMSA Industrial Estate, Odhav Ahmedabad. The business was acquired under an agreement dated July 10, 2006 on a going concern basis with all the assets and liabilities, effective from August 1, 2006 for a consideration of Rs. 15,221,050/- (being the difference between the assets and liabilities of the proprietary concern appearing in the audited balance sheet of the firm as on March 31, 2006). The aforesaid consideration was paid by us by issue of 117,085 fully paid up equity shares at a price of Rs. 130 per share,comprising of nominal share capital at the rate of Rs. 10 per share and premium at the rate of Rs. 120 per share, to Mr. Jitendra U.Mamtora. 1994 Incorporation of Triveni Electric Company Limited. 1995 Change of name of the Company to Transformers and Rectifiers (India) Limited. 1996 Expanded upto 245 kV Class transformers at the new plant at Changodar, Ahmedabad, set up under TRIL. 1996-99 Manufactured transformers from 30 MVA, upto 132 kV class and received orders upto 50 MVA, 132 kV class.Received ISO 9001:2000 Certification (1998) 2000-02 Manufactured transformers upto 100 MVA, 245 kV class. 2002-03 Re - Certified for ISO 9001:2000 2003-04 Received Single Order of 36 Transformers of 110 kV Class Delta Connected for TNEB. Single Order of 10 Transformers of 220 kV Class for GEB. Got PGCIL (Power Grid Corporation India Ltd.) Approval 2004-05 Order for Engg. Manufacturing, supply and Installation of Station, UAT,and Station ATs for Sripad 2 x 500 MW, SuperThermal Power Station of NTPC (National Thermal Power Corporation) 2 Nos. 75 MVA, 33/220 kV, Generator Transformers for Non Conventional Wind Power Energy Project from SUZLON. Successfully done Dynamic Short Circuit Test upto / on 50 MVA,245 kV class Transformer. 2005-06 Crossed the Rs.100 crore turnover mark with a strong order book of over Rs.260 Crores-For FY 2006-07 2006-07 Crossed the Rs. 200 crore Turnover. Take over of the entire business of M/s Transformers and Rectifiers (India),proprietory concern of Mr Jitendra U. Mamtora Acquisition of 100% stake of Transweld Mechanical Engineering Works Limited which has become our wholly owned subsidiary with effect from August 1, 2006 and Acquisition of 51% of Transpares Limited with investment of Rs. 13.72 million which has become the wholly owned subsidiary w.e.f October 3,2006 Initiation of major expansion project of manufacturing heavy duty transformers upto 400 kVA class, with a capacity of 8475 MVA, 2008 -Transformers & Rectifiers Board has recommended 20% dividend of the Company 2009 -T&R New manufacturing facility inaugurated in Moriya -T&R unveils new transformer plant -Company has received "Best Supplier Award - 2007-2008" -Company has been awarded single Order of 55 Nos. of Transformers amounting to Rs 122 Crores by Maharashtra State Electricity Transmission Company Ltd 2010 -Company has received "Recognition for Best Equipment Supplier 2009-2010" from one of the major utilities in Western India, GETCO (Gujarat Energy Transmission Company -Company has entered into a MOU with a leading global manufacturer of 765kV class transformers for the purpose of manufacturing and supplying these transformers to PGCIL. 2011 -Trans & Rect - Transformers and Rectifiers (India) Ltd. Wins 204 Crores Order (PGCIL) 2012 -Company has received "BEST SUPPLIER AWARD - 2011-2012" --Registered Office of the Company has been shifted from Survey No.344-350, Sarkhej-Bavla Highway, Village, Changodar, Tal. Sanand, Dist. Ahmedabad-382213, to Survey No. 427 P/3-4, & 431 P/1-2, Sarkhej-Bavla Highway, Moraiya, Taluka: Sanand, Dist. Ahmedabad-382213 2013 -Transformers & Recti - Received order of Rs. 296 Crores from Gujarat Energy -Transformers and Rectifiers (India) Ltd has recommended a final dividend of Rs. 0.75 per share (7.5% on an equity share of Rs. 10/- each) -Transformers & Recti - Received order of Rs. 126 Crores from Gujarat Energy - Transformers and Rectifiers has announced Bonus in the Ratio of 1:9 : 2014 -Transformers & Recti - Received order of Rs. 66 Crores from Gujarat Energy Transformers and Rectifiers (India) Ltd has recommended a dividend of Rs. 0.75 per share (7.5% on an equity share of Rs. 10/- each) -Transformers & Recti - Received Order of Rs. 161 Crore from GETCO -Transformers and Rectifiers bags order worth Rs 161 crore from Gujarat Energy Transmission Corporation Ltd (GETCO) -TRIL signs Technology License Agreement with Fuji Electrical Co. Ltd. 2015 -Transformers and Rectifiers (India) Ltd has awarded the third party export order amounting to Rs. 440 Crores. -Transformers and Rectifiers (India) Ltd has "Successful Short Circuit testing of 315 MVA, 400/220/33kV/ Autotransformer at KEMA, Netherlands". -The Company has been awarded the order amounting to Rs. 124 Crores from Gujarat Energy Transmission Corporation Limited (GETCO). 2016 -Transformers and Rectifiers (India) Ltd received an order worth Rs 92 crores from Gujarat Energy Transmission Corporation Limited (GETCO).

2018
-Transformers and Rectifiers wins Rs 126 cr order from UPPTCL.

2019
-Transformers & Rectifiers bagged an order worth Rs 126 crore from Power Grid Corporation of India (PGCIL).

2021
- Transformers and Rectifiers (India) Limited awarded third party export order of Transformers amounting to Rs. 84 Crores from GE T&D India Limited. 
-Transformers and Rectifiers (India) Limited has been awarded the order of Transformers amounting to Rs. 108 Crores from PGCIL

2022
-Transformers & Rectifiers India awarded orders of Transformers for total contract value of Rs. 73 crore from MP Power Transmission Package - II.

2020 -Transformers and Rectifiers (India) Limited has been awarded the order of Transformers amounting to Rs. 98 Crores from Gujarat Energy Transmission Corporation Limited (GETCO). 2021 -Transformers and Rectifiers (India) Limited has been awarded orders of Transformers for total contract value of Rs. 63 Crores from Gujarat Energy Transmission Corporation Limited (GETCO). 2022 -Transformers & Rectifiers India has been awarded orders of Transformers for total contract value of Rs. 73 crore from MP Power Transmission Package - II.

2023
-Transformers and Rectifiers (India) Limited has been awarded orders of Transformers for total contract value of        Rs. 192 Crores from one of the Central Utility
-Transformers and Rectifiers (India) Limited has been awarded orders of Transformers for total contract value of        Rs. 131 Crores from one of the Central Utility
-Transformers and Rectifiers (India) Limited has been awarded order amounting to Rs. 134 Cr from one of the Central Utility.
-Transformers and Rectifiers (India) Limited has been received order amounting to Rs. 237 Crore from Power Grid Corporation of India Limited

2024
-The Company has awarded Domestic Order of Transformers for total contract value of Rs. 197 Crores from Adani Group & L&T Group

2025
-The Company has issued Bonus Shares in the Ratio of 1:1.
-Transformers and Rectifiers (India) Ltd (TARIL) has secured a Rs 53.33 crore order from Power Grid Corporation of India for the repair, erection, testing and commissioning of a 397 MVA HVDC converter transformer along with associated works.
-Transformers and Rectifiers (India) Ltd has secured a significant order worth Rs 726 crore from Gujarat Energy Transmission Corporation Limited (GETCO) for the supply of auto transformers and bus reactors. 
-Transformers and Rectifiers (India) Limited has successfully secured domestic and export orders worth Rs 350 crore from leading entities, reinforcing its strong market presence.