Jaybee Laminations

What Jaybee Laminations does

Jay Bee Laminations Limited (NSE: JAYBEE) is an Indian manufacturer and exporter of CRGO (Cold Rolled Grain-Oriented) silicon steel products for the power and distribution transformer industry, headquartered in Noida, Uttar Pradesh, and operating from three manufacturing units in Noida and Greater Noida since founding in 1988. The company's product line is organized around a single core family delivered in three formats: Cut Laminations (precision-stamped CRGO strips to IS 3024 tolerances), Slit Coils (slit CRGO strip in grades such as 23HP75D and 27CG120), and Assembled Cores (stacked, ready-to-install cores for transformers in the 5 kVA to 500 MVA, 400 kV class range, with stacking factors of 95–98%). Following PGCIL approval, the qualified range now extends to 765 kV class for extra-high-voltage transmission applications. The underlying technology centres on stress-free CRGO processing — controlling impurities, grain size, grain orientation, surface insulation, burrs, and edge cambers to minimize core losses and magnetizing current — backed by BIS, NABL, and PGCIL certifications.

The company monetizes primarily through direct B2B sales of CRGO laminations and assembled cores to transformer OEMs in India and abroad, serving a stated 250+ manufacturers across 10+ export countries. Named customers include CG Power, BHEL, and Shilchar Technologies on the OEM side, with end users including PGCIL, Adani Power, and Tata Power; the company is also approved/recognized for supply to RDSO and other utility bodies. A second, complementary revenue line is turnkey EPC services for electrical substations up to 132 kV and overhead T&D lines up to 33 kV, secured via direct contracts and government tenders, with a BBB credit rating supporting execution of capital-intensive projects. Go-to-market is enterprise field sales supplemented by self-serve enquiry, brochure download, and WhatsApp engagement on the company website; pricing is quote-based across both product and EPC lines and is not publicly disclosed. The company went public on the NSE in 2024 under the ticker JAYBEE.

Name

Jaybee Laminations

Legal name

Jay Bee Laminations Limited

Website

https://jaybeelaminations.co.in

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

251–500 employees

Short description

Jay Bee Laminations Limited is an Indian manufacturer of CRGO silicon steel transformer cores and assembled cores for power and distribution transformer OEMs, exporting to 10+ countries and supplying 250+ manufacturers from three Noida-based units, with complementary turnkey EPC substation and T&D services.

Ownership category

akta.pro rank

Product category

Transformer Components (CRGO Steel Laminations & Cores)

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311)

SIC

Power, Distribution & Specialty Transformers (3612)

akta.pro primary industry

Transformers (Power, Distribution, Instrument, Specialty) (IMAGAAAA)

akta.pro secondary industries

High-Voltage & High-Power Conversion (HVDC supplies, traction/rail converters, large rectifiers) (IMAGADAH), HVDC Converter Stations & HVDC Transmission EPC (EUAEABAD)

Keywords

• CRGO transformer cores
• Silicon steel laminations
• Assembled transformer cores
• Cut laminations
• Electrical EPC services

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Manufacturing and sale of CRGO transformer cores and components: Core revenue stream from manufacturing and selling cut laminations, slit coils, and assembled cores to transformer OEMs. Products meet BIS standards and serve power, distribution, and specialty transformers from 5 kVA to 500 MVA.
2. EPC (Engineering, Procurement, Construction) services: Turnkey solutions covering survey, design, engineering, supply, testing, commissioning and installation for electrical substations up to 132 kV, overhead transmission lines up to 33 kV, and related infrastructure projects. Includes project-based revenue from government tenders and utility contracts.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Jaybee Laminations manufactures and supplies precision CRGO (Cold Rolled Grain-Oriented) silicon steel transformer cores delivered as cut laminations, slit coils, and assembled cores in the 5 kVA to 500 MVA (400 kV class) range for power, distribution, and specialty transformer OEMs. It also offers turnkey EPC services for electrical substations up to 132 kV and overhead transmission/distribution lines up to 33 kV, leveraging its in-house CRGO manufacturing base.

Product overview

Jay Bee Laminations Limited is a single-line industrial manufacturer organized around one core product family — CRGO (Cold Rolled Grain-Oriented) silicon-steel transformer cores — delivered through three tightly related offerings: Cut Laminations (the precision-stamped base components), Slit Coils (the raw slit strip input), and Assembled Cores (the finished, ready-to-install stacked cores for power, distribution, and specialty transformers). The three manufacturing units in Noida (Uttar Pradesh) produce this single product family, which is then complemented by a separate EPC Services line that delivers turnkey electrical substation, transmission, and distribution projects using the company's in-house transformer and allied components.

Differentiator

Problem solved

Functional benefit

Products and services

• Cut Laminations Precision-cut CRGO (Cold Rolled Grain-Oriented) silicon-steel laminations used as the building blocks of transformer cores for power, distribution, and specialty transformers. Manufactured to tight dimensional tolerances per IS 3024, covering widths up to 750 mm, lengths up to 4,000 mm, and thicknesses of 0.23–0.35 mm.
• Slit Coils Precision-slitted CRGO silicon-steel coils supplied to transformer manufacturers. Produced with stress-relief processing to preserve magnetic properties and supplied in grades including 23HP75D, 23HP85D, 27HP100, 27CG120, and 30CG130.
• Assembled Cores Fully assembled CRGO transformer cores in the range 5 kVA to 500 MVA (400 kV class), built by stacking cut laminations with mitred joints. Delivered ready for insertion into power, distribution, and specialty transformers with stacking factors of 95–98%; capability extended to 765 kV class with PGCIL approval.
• EPC Services (Substations & T&D) Turnkey Engineering, Procurement and Construction services covering electrical substations up to 132 kV, overhead transmission lines up to 33 kV, aerial bunched cable and underground cabling up to 33 kV, power factor control solutions, and transformer testing/commissioning/dismantling up to 132 kV. Includes DPR preparation, load surveys, and all substation panels up to 132 kV, backed by an in-house manufacturing base and BBB credit rating.

Quantifiable outcome

• Supplying 250+ transformer manufacturers globally; exported to 10+ countries
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• ParkshalaminorOthersStrategic CSR partnership with Parkshala, an organization dedicated to education for underprivileged children in Noida. Jaybee supports educational programs to improve the learning environment for underprivileged children through Parkshala as part of its CSR initiatives (CSR Policy dated November 2023).
• BigShare Online (Registrar and Transfer Agent)coreOthersBigShare Online Private Limited serves as Jaybee's Registrar and Transfer Agent (RTA) for share registration and transfer services. Contact: Mr. Jibu John, +91-22-6263 8200, [email protected].
• HMTD Engineering Private LimitedminorOthersGroup company of Jay Bee Laminations Limited. HMTD Engineering's annual reports for FY 2020-21, 2021-22, and 2022-23 are disclosed under Jaybee's company policies page, and reclassification request was received from HMTD.
• M.S. Stampings Private LimitedminorOthersGroup company of Jay Bee Laminations Limited. M.S. Stampings' annual reports for FY 2020-21, 2021-22, and 2022-23 are disclosed under Jaybee's company policies page.
• Arvind Conductors Private LimitedminorOthersGroup company of Jay Bee Laminations Limited. Arvind Conductors' annual reports for FY 2020-21, 2021-22, and 2022-23 are disclosed under Jaybee's company policies page.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Transformers and Rectifiers (India) Ltd: Indian manufacturer of power and distribution transformers that also produces transformer cores and components domestically. Highly comparable to Jay Bee on end-market (Indian utilities/OEMs), customer base overlap (DISCOMs and central utilities), and product category (transformer-related electrical steel work).
• Voltamp Transformers Ltd: Indian manufacturer of power and distribution transformers serving utilities and industrial customers. Comparable to Jay Bee in target customers (Indian power-sector OEMs/utility buyers), transformer-core-adjacent product mix, and regulatory qualification requirements (BIS, utility approvals).
• Bharat Bijlee Ltd: Listed Indian manufacturer of power and distribution transformers with in-house lamination and core-building capabilities. Comparable to Jay Bee on customer base (Indian utilities and industrial users), product overlap (transformer cores and assemblies), and B2B enterprise sales motion.

Broad incumbents

• Schneider Electric India: Indian operations of Schneider Electric covering T&D equipment, transformers, and electrical infrastructure. Comparable as a broad incumbent with overlapping utility and industrial customers and EPC project capability in substations up to 132 kV.
• Bharat Heavy Electricals Ltd (BHEL): India's largest state-owned heavy electrical equipment manufacturer and a named Jay Bee customer. Comparable as a broad incumbent across power transformers and T&D equipment; its procurement decisions materially shape demand for Jay Bee's CRGO cores.
• Siemens Ltd (India): Indian arm of Siemens active across power transmission, distribution, and transformer products. Comparable as a broad incumbent in the same Indian utility/industrial customer base, often competing on integrated transformer and substation solutions.
• CG Power and Industrial Solutions Ltd: One of India's largest transformer manufacturers and a named customer of Jay Bee. Comparable as a broad incumbent in the same value chain — it buys CRGO cores from players like Jay Bee but also has scale to backward-integrate, making it both a customer and a long-term competitive threat.
• ABB India Ltd: Subsidiary of ABB operating broadly in Indian power products, including transformers and T&D solutions. Comparable as a broad incumbent serving the same utility and industrial transformer customers with overlapping component requirements.

Others

• Polycab India Ltd: Largest Indian manufacturer of cables and wires with growing presence in electrical EPC and switchgear. Comparable as a thematically adjacent player in the Indian electrical-infrastructure value chain, supplying similar DISCOMs and EPC contractors but not directly competing in CRGO laminations.
• Havells India Ltd: Diversified Indian electrical-equipment company (switchgear, cables, lighting, motors). Comparable as an adjacent player in Indian electrical components; serves overlapping distribution and project-EPC channels but does not directly compete in CRGO transformer cores.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/jaybee_noida

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jaybee Laminations