Technomag

What Technomag does

Technomag Group (Technomag Inc., founded 1999) is a privately held, multi-subsidiary contract manufacturer of magnetic components and related industrial parts. Its core product portfolio covers six magnet families — sintered NdFeB and SmCo rare earth magnets, sintered and bonded ferrite, bonded rare earth, and cast/sintered alnico — produced via powder metallurgy, injection molding, compression bonding, and extrusion. Beyond magnets, the group offers electronics and sensors (speed, temperature, proximity, pressure sensors and wound coils through Technomag Electronics), plastic injection molding (Nylon, PP, PE, ABS, PEEK and related materials), precision metal stamping with die manufacturing and laser cutting, and solar panel manufacturing for residential, commercial, and industrial applications. Manufacturing is performed across wholly-owned subsidiaries in the US (parent), Mexico (Metplas Technologies, Querétaro, die-cutting and injection, 30+ years operating), South Korea (Hallasan Corporation, Seoul, plastic injection and tooling, 33+ years operating), and India (Tony Arc Power Solutions, utility-scale solar power plant development and operation). Targeted end-markets include industrial manufacturing, automotive, medical devices, aerospace and defense, consumer electronics, and energy and renewables.

The group sells exclusively through a quote-based, direct-sales model: every product is custom-fabricated from prototype to production, with no standard price points or public pricing, and a 'Get a Quote' form on the corporate website is the primary inbound channel. Customer evidence is limited to two named references — DynoJet Research (motorsport/powersports) and Works Like A Magnet LLC (a startup served over a five-month engagement) — alongside a horizontal segmentation across seven end-use verticals. Leadership is founder-led and technical: CEO Vijay Katukota (MSEE, 25 years in magnetics), with subsidiary CEOs/directors holding 15-30+ years of domain experience. The company is privately held with no disclosed institutional investors, funding rounds, or revenue figures, and its public digital footprint is limited to a corporate website with no active social media profiles or app presence.

Name

Technomag

Legal name

Technomag, Inc.

Website

https://technomag.net

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Short description

Technomag Group is a privately held multinational contract manufacturer of rare earth, ferrite, and alnico magnets, plastic injection parts, metal stampings, sensors, and solar products. It serves industrial, automotive, medical, aerospace, consumer electronics, and energy customers globally via wholly-owned subsidiaries in the US, Mexico, South Korea, and India.

Ownership category

akta.pro rank

NAICS

Electrical Equipment Manufacturing (3353), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Electronic Components & Accessories (3670), Electronic Coils, Transformers & Other Inductors (3677)

akta.pro primary industry

Passive Components (Resistors, Capacitors, Inductors, Ferrites) (IMAGAJAA)

akta.pro secondary industries

Transformers & Magnetics (Power/Signal) (HDAHANAD), Magnetic Sensors (Hall/Magnetoresistive/Compass) (HDAHALAC)

Keywords

• Rare earth magnets
• Magnetic assemblies
• Plastic injection molding
• Metal stamping services
• Electronic sensor manufacturing

Headquarters

HQ city

East Setauket

HQ country

United States

HQ region

North America

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

Distribution channels1 record

Marketing channels1 record

Core offering

Technomag Group manufactures bonded and sintered rare earth magnets (NdFeB, SmCo), bonded and sintered ferrite magnets, and alnico magnets for industrial, automotive, medical, aerospace, consumer electronics, and energy customers. The group also produces electronic sensors and coils, plastic injection molded parts, precision metal stampings, and solar panels and power plants through its wholly owned subsidiaries. Products are custom-fabricated from prototype to production under MMPA quality standards.

Product overview

Technomag is a group of global manufacturing companies specializing in magnetic components and assemblies, plastic injection-molded parts, metal stampings, electronics and sensors, tooling, and solar products. The portfolio includes six magnet product lines (Sintered NdFeB, Sintered Sm-Co, Sintered Ferrite, Bonded Ferrite, Bonded Rare Earth, and Alnico magnets), plus Electronics and Sensors, Plastic Injection, Metal Stamping, and Solar product lines. The company operates through subsidiaries: Technomag Inc. (magnets, established 1999), Technomag Electronics (sensors), Metplas Technologies (Mexico, plastic injection/metal stamping), Hallasan Corporation (South Korea, plastic injection/tooling), and Tony Arc Power Solutions (India, solar power plants).

Differentiator

Problem solved

Functional benefit

Brands

• Technomag Electronics: Manufacturer and suppliers of Electronics and Sensors including sensors, coil assemblies, reed switches, transducers, instruments, alarms, and more.
• Metplas Technologies
• Hallasan Corporation
• Tony Arc Power Solutions

Named customers2 records

Segments7 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Bunting Magnetics: US manufacturer of magnetic assemblies, separation equipment, and custom magnets including ferrite and rare earth types. Comparable to Technomag's magnet and assembly business for North American industrial customers, though more focused on separation and material handling applications.
• Arnold Magnetic Technologies: Arnold manufactures a comprehensive range of rare earth (NdFeB, SmCo), ferrite, and alnico magnets plus magnetic assemblies, directly matching Technomag's core product line and serving overlapping industries including aerospace, defense, medical, and industrial.
• Eclipse Magnetics: UK-based manufacturer of industrial magnets, magnetic separation, and magnetic assemblies including NdFeB and ferrite. Comparable to Technomag's industrial magnet and assembly business, particularly for European industrial and manufacturing customers.
• Dexter Magnetic Technologies: Specialty manufacturer of custom magnetic assemblies, including rare earth magnets and magnetic components for aerospace, medical, and industrial markets. Directly comparable to Technomag's custom magnet assembly and, to a lesser extent, sensor product lines.
• Vacuumschmelze (VAC): German specialty producer of rare earth permanent magnets, magnetic materials, and inductive components serving automotive, industrial, and energy markets. Directly comparable to Technomag's sintered NdFeB/SmCo magnet and coil products, especially for European industrial and automotive customers.
• Galaxy Magnets: Custom manufacturer of sintered and bonded NdFeB, SmCo, ferrite, and alnico magnets with end-to-end machining and assembly capabilities. Directly comparable to Technomag's full magnet-type product portfolio and custom fabrication approach.

Broad incumbents

• Shin-Etsu Chemical: Major producer of rare earth magnets (NdFeB) and the world's largest supplier of magnetic materials for EV traction motors and electronics. Directly competes with Technomag's sintered rare earth magnet line, but at significantly larger scale and with vertical integration into rare earth raw materials.
• Hitachi Metals (Proterial): One of the world's largest manufacturers of sintered NdFeB magnets and magnetic materials, with a much broader portfolio of automotive and electronics materials. Highly comparable to Technomag's sintered NdFeB and SmCo lines, but operates at vastly greater scale across global OEM accounts.
• TDK Corporation: Global electronics and component manufacturer with substantial magnet and sensor product lines (including rare earth magnets, ferrite, and magnetic sensors). Highly comparable to Technomag's combined magnetics and electronics/sensors offering, but operating across a much broader portfolio at enterprise scale.

Emerging players

• MP Materials: US-based rare earth materials and magnet producer operating an integrated mine-to-magnet supply chain. Comparable to Technomag's sintered NdFeB position but at a vertically integrated, upstream scale; competes for the same Western OEM magnet contracts.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 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 Technomag