Permanent Magnets
- Company typePublic
- Founded1960
- HeadquartersThane, India
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
Permanent Magnets firmographics
Firmographics- Name
- Permanent Magnets
- Legal name
- Permanent Magnets Limited
- Website
- https://pmlindia.com
- Company type
- Public
- Founded year
- 1960
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Permanent Magnets industry classification
Industry- Product category
- Precision Magnetic Components
- NAICS
- Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing (334416), Relay and Industrial Control Manufacturing (335314)
- SIC
- Electronic Coils, Transformers & Other Inductors (3677), Industrial Instruments For Measurement, Display, And Control (3823)
- akta.pro primary industry
- Transformers & Magnetics (Power/Signal) (HDAHANAD)
- akta.pro secondary industry
- Magnetic Sensors (Hall/Magnetoresistive/Compass) (HDAHALAC)
Keywords
Where Permanent Magnets is headquartered
LocationHeadquarters
- HQ city
- Thane
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Permanent Magnets business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Magnetic Components Sales: Direct sale of precision magnetic components including AlNiCo magnets, soft magnetic cores, flux concentrators, and magnetic shields to OEMs and Tier 1 suppliers.
- Alloy Products: Sale of vacuum-grade alloys, superalloys (Inconel, Nimonic, Hastelloy), and specialty alloys for industrial applications.
- Precision Manufacturing Services: Custom manufacturing services including die casting, machining, heat treatment, and magnetic measurement for customer-specific requirements.
- Current Sensing Solutions: Integrated current sensing modules and systems including Hall effect sensors, CTs, and smart battery monitoring solutions for automotive and industrial applications.
- Relay Products: Latching relays for energy meters manufactured under the Relay Division established in 2025.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Permanent Magnets product offering
Product offeringCore offering
Permanent Magnets Ltd (PML) is a manufacturer of precision-engineered magnetic components and electrical sensing solutions. The company produces AlNiCo permanent magnets, NdFeB rare earth magnets (via subsidiary Quantum Magnetics), nanocrystalline and amorphous wound cores, current transformers, Hall effect sensors, shunt resistors, magnetic shields, soft magnetic alloys, latching relays, die cast components, and rotor/stator assemblies for OEM customers worldwide.
Product overview
Permanent Magnets Ltd operates as a component manufacturer providing precision-engineered magnetic and electrical components across a diverse portfolio. The company offers a unified portfolio of core product categories including current sensing solutions (shunts, Hall effect sensors, CT cores), magnetic materials (AlNiCo magnets, NdFeB magnets via subsidiary), magnetic assemblies (rotors, stators, laminations), and shielding solutions (SMD shields, MuMETAL foils, flux concentrators). Supporting these are precision manufacturing capabilities in die casting, machining, and alloy production via VIM technology. The product range spans industrial applications including automotive (EV mobility, battery management), energy metering, renewable energy, aerospace, defense, and medical devices. The company has expanded from its 1960 AlNiCo magnet origins into integrated module solutions, adding capabilities through strategic partnerships (Sumitomo Special Metals 1983) and newer ventures like the Relay Division (2025) and Quantum Magnetics subsidiary for rare earth magnets (2026).
Differentiator
Problem solved
Functional benefit
Products and services
- AlNiCo Magnets
- NdFeB Rare Earth Magnets
- Current Sensing and Shunt Solutions
- Wound Cores and Current Transformers (CT)
- Vacuum Grade Alloys
- Latching Relays for Energy Meters
- Magnetic Separators
- PCB Mount Hall Effect Current Sensors
- Die Casting Components
- Motor and Generator Assemblies
- Magnetic Shields
- Torque and Angle Sensors
- Air Melt Alloys
- Precision Machined Components
- Magnetic and Lamination Assemblies
Quantifiable outcome
- Revenue grew 13% year-over-year to Rs 225 crores in FY26
- +4 more outcomes
Companies that use Permanent Magnets
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles5 records
Permanent Magnets technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature10 records
Permanent Magnets partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Sumitomo Special Metals Co., JapancoreTechnical partnership formed in 1983 with Sumitomo Special Metals Co., Japan. This pivotal partnership enhanced PML's technology and quality standards, establishing the foundation for PML's expertise in magnetic materials and manufacturing processes.
Scale indicators11 records
Recent moves9 records
Expansion highlights6 records
Permanent Magnets competitors and assessment
Company assessmentBroad incumbents
- TDK Corporation: Global electronics leader with significant magnet and magnetic component businesses (including rare earth magnets and ferrite cores), serving automotive, industrial, and consumer markets. Broad incumbent overlapping PML's Hall effect sensors and current sensing solutions.
- JL MAG Rare-Earth: China's largest NdFeB magnet manufacturer serving EV, wind turbine, and appliance markets. Relevant competitor to PML's Quantum Magnetics subsidiary entering rare earth magnet production.
- Shin-Etsu Chemical: Leading Japanese producer of rare earth magnets and specialty materials, dominating NdFeB supply globally. PML's Quantum Magnetics subsidiary will compete in the same end-markets, especially EV traction motors.
- Hitachi Metals (Proterial): Japanese major in specialty metals and magnetic materials, including NdFeB magnets and soft magnetic alloys. Major incumbent competitor in the same magnet chemistries PML produces, with far greater scale and global reach.
- Ningbo Yunsheng (Yunsheng Group): Major Chinese NdFeB magnet producer supplying EV traction motors and wind generators. Comparable to PML's planned NdFeB output via Quantum Magnetics in terms of target chemistries and end-markets.
Direct peers
- Arnold Magnetic Technologies: Global manufacturer of precision magnetic materials, assemblies, and AlNiCo/NdFeB/samarium cobalt magnets serving aerospace, defense, automotive, and industrial markets. Highly comparable to PML's diversified magnetic component portfolio and target end-markets.
- Magnetic Component Engineering (MCE): Specialty manufacturer of magnetic components, transformers, and inductors for aerospace, defense, and industrial customers. Comparable to PML's transformer/inductor core products and precision magnetic assemblies for regulated end-markets.
- Dura Magnetics: US manufacturer of permanent magnets (AlNiCo, neodymium, samarium cobalt) and assemblies for industrial, aerospace, and medical applications. Directly comparable to PML's legacy AlNiCo magnet business and precision assembly capabilities.
- Standex Electronics: Manufacturer of reed switches, relays, and magnetic sensing components for automotive, industrial, and energy markets. Highly comparable to PML's Hall effect sensing solutions and newly formed Relay Division for energy meters.
- Adams Magnetic Products: US-based manufacturer of AlNiCo, neodymium, and ferrite magnets plus magnetic assemblies for industrial, automotive, and aerospace customers. Closely comparable business model and product mix to PML's core AlNiCo and soft magnetic offerings.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Permanent Magnets social profiles
Digital presencePermanent Magnets compliance and trust
Trust signalCompliance12 records
Permanent Magnets financial estimates
Financial estimateRevenue estimate
Valuation estimate
Permanent Magnets leadership team
Management profileNumber of profiles
Profiles6 records
Permanent Magnets subsidiaries and ownership
Company hierarchySubsidiaries1 record
Permanent Magnets funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Permanent Magnets M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Permanent Magnets
What does Permanent Magnets do?
Permanent Magnets Ltd (PML) is a manufacturer of precision-engineered magnetic components and electrical sensing solutions. The company produces AlNiCo permanent magnets, NdFeB rare earth magnets (via subsidiary Quantum Magnetics), nanocrystalline and amorphous wound cores, current transformers, Hall effect sensors, shunt resistors, magnetic shields, soft magnetic alloys, latching relays, die cast components, and rotor/stator assemblies for OEM customers worldwide.
Is Permanent Magnets a public or private company?
Permanent Magnets is a public company. It is classified as public and is currently operating.
When was Permanent Magnets founded?
Permanent Magnets was founded in 1960. It employs 101 to 250 people.
Where is Permanent Magnets based?
Permanent Magnets is headquartered in Thane, India, in the Asia region.
How does Permanent Magnets make money?
Five revenue lines are on record. Magnetic Components Sales are the primary driver. The others are alloy Products, precision Manufacturing Services, current Sensing Solutions and relay Products.
Who are Permanent Magnets's main competitors?
Broad incumbents on record are TDK Corporation, JL MAG Rare-Earth, Shin-Etsu Chemical, Hitachi Metals (Proterial) and Ningbo Yunsheng (Yunsheng Group). Direct peers are Arnold Magnetic Technologies, Magnetic Component Engineering (MCE), Dura Magnetics, Standex Electronics and Adams Magnetic Products.
Does Permanent Magnets have an API?
No public API is recorded for Permanent Magnets.
What industry is Permanent Magnets in?
Permanent Magnets's product category is Precision Magnetic Components. Its primary akta.pro industry code is HDAHANAD, Transformers & Magnetics (Power/Signal), with a secondary code of HDAHALAC, Magnetic Sensors (Hall/Magnetoresistive/Compass). Its NAICS code is 334416 and its SIC code is 3677.