Magnaplast Technologies (India) Private Limited

What Magnaplast Technologies (India) Private Limited does

Magnaplast Technologies (India) Private Limited is a Pune-based manufacturer of plastic-bonded permanent magnets and related magnetic components, operating from two facilities within the MIDC Bhosari industrial cluster. The company's core technology centers on polymer-bonded magnet formulations produced via injection molding and extrusion, using binders such as PA6, PA12, and PPS combined with ferrite, NdFeB, hybrid, and Alnico powders. Its offering spans two main product families: Magnaflex (flexible magnetic strips in C, H, I, T, and customized extrusion profiles, plus sheets, rubber magnetic sheets, adhesive-backed magnets, and die/kiss-cut parts) and Magnadur (injection-molded bonded magnets, magnet assemblies, insert/over-molded parts, plus sintered ferrite and NdFeB magnet lines). The company emphasizes precision, dimensional accuracy, up to 3x weight reduction versus sintered magnets, and complex/intricate shape capability enabled by insert/over-molding.

The company was established in 1992 as an Indo-German joint venture and operated as a subsidiary of Max Baermann Holding AG (Germany) until October 1, 2010, when the Indian Gagare-family promoter acquired 100% equity, making it a fully Indian-owned private limited company. Management includes Mrs. Rajshree Gagare (Managing Director) and Miss Shivani Gagare (Director). The business holds ISO 9001:2008 certification, claims a six-sigma quality approach, and maintains an in-house Quality Assurance Laboratory equipped with permagraph and computerized magnetic measurement devices.

Commercially, Magnaplast runs a sales-led, direct-engagement model targeting industrial OEMs and tier-1 suppliers across automotive, industrial motors, appliances, electronics, and advertising/display verticals. Customers include Uno Minda, Renault-Nissan, Force Motors, Pricol, LT, Tech Mahindra, IFB Industries, Southco, Janatics, Rehau, Polycab, Hydac, Securemeter, and Electronica. Pricing is quote-based with no public price list, and revenue is generated through one-time product sales of customized magnets developed in close cooperation with customers from design through serial production. The company also claims global delivery reach alongside its primary Indian market presence.

Name

Magnaplast Technologies (India) Private Limited

Legal name

Magnaplast Magnets Pvt Ltd

Website

https://magnaplastmagnets.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Magnaplast Technologies (India) Private Limited is a Pune-based manufacturer of plastic-bonded permanent magnets serving automotive, industrial motor, appliance, and electronics OEMs. The company produces flexible magnetic strips, injection-molded bonded magnets, NdFeB, and ferrite magnets for customers including Uno Minda, LT, Renault-Nissan, and Tech Mahindra.

Ownership category

akta.pro rank

Product category

Industrial Magnets Manufacturing

NAICS

Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing (334416)

SIC

Electronic Coils, Transformers & Other Inductors (3677)

akta.pro primary industry

Transformers & Magnetics (Power/Signal) (HDAHANAD)

akta.pro secondary industry

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

Keywords

• Plastic bonded magnets
• Flexible magnetic strips
• Injection molded magnets
• Ferrite magnets manufacturing
• NdFeB magnets supply

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Industrial Magnet Products: One-time product sales of manufactured magnets including flexible magnetic strips, injection molded magnets, ferrite magnets, NdFeB magnets, and magnetic assemblies to industrial customers. Customized solutions developed from idea to serial production in cooperation with customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Magnaplast Technologies manufactures and exports plastic-bonded permanent magnets and magnetic products from its Pune facilities. Its core lines are Magnaflex (extrusion-based flexible magnetic strips in C, H, I, T and custom profiles) and Magnadur (injection-bonded rare earth, ferrite, hybrid, insert-molded, over-molded, and alnico magnets). The company also supplies flexible magnetic sheets, rubber magnetic sheets, adhesive-backed magnets, die-cut magnets, hard ferrite/ceramic magnets, NdFeB magnets and magnet paint for industrial and consumer-product applications.

Product overview

Magnaplast Technologies (India) Private Limited is a manufacturer and exporter of industrial magnets and magnetic products based in Pune, India. The company operates as an Indo-German joint venture (formerly affiliated with Max Baermann Holding AG, Germany) and offers two main product lines: Magnaflex (extrusion magnets) including flexible magnetic strips in C, H, I, T, and customized profiles for door gaskets, labeling, and industrial applications; and Magnadur (injection molded magnets) encompassing bonded rare earth, ferrite, hybrid, insert molded, and over molded magnets for automotive, motors, sensors, and consumer electronics. Additional offerings include flexible magnetic sheets, rubber magnetic sheets, adhesive backed magnets, die-cut magnets, ferrite magnets, NdFeB magnets, and magnet paint. The company serves diverse industries including automotive, electronics, robotics, renewable energy, and advertising, with customers including global OEMs and tier-one suppliers.

Differentiator

Problem solved

Functional benefit

Brands

• Magnaflex: Flexible magnetic strip product line including extrusion magnets in various profiles (C, H, I, T) for door gaskets, mosquito nets, labeling, and industrial applications.
• Magnadur

Products and services

• Magnaflex (Extrusion Magnets) Flexible magnetic strips in various profiles (C, H, I, T and customized shapes) featuring higher magnetic strength, accurate sizing, lighter weight and better mechanical strength with dimensional accuracy. Used for door gaskets, mosquito net windows, labeling, AGV vehicles and industrial applications.
• Magnadur (Injection Molded Magnets) Injection-bonded magnets including Injection Bonded Rare Earth, Ferrite and Hybrid magnets, Insert Molded, Over Molded and Alnico magnets, and magnetic assemblies. Used in automobile instrument clusters, digital speedometers, sensors, DC micro motors, stepper motors, electrical meters, speakers and magnetic assemblies.
• Punching Profile Magnets Customized magnetic punching profiles available in different magnetization patterns with optional adhesive tape. Used in electronic devices (MCB), pneumatic cylinders for position sensors, toys, labeling and door latches.
• Flexible Magnetic Sheet Plain brown flexible magnetic sheeting with multi-pole magnetization, available with adhesive, paper or PVC lamination. Available in matte or gloss UV-protected coating and printable films including PVC, PET, PP and art paper for advertising and display uses.
• Rubber Magnetic Sheet Magnetic sheet made from high-quality ferrite magnet powder and thermoplastics produced by calendaring process. Available in Isotropic, Semi-anisotropic and Anisotropic grades for menu boards, blackboards and POP displays.
• Adhesive Backed Magnet Flexible rubber magnetic strips laminated with water-based, solvent, rubber or foam adhesives on the non-magnetized side. Used for promotional magnets, magnetic souvenirs and display systems.
• Die or Kiss Cut Magnet Flexible magnets slit into sheets or die-cut to any sizes or shapes with customizable pole layouts. Environment-friendly, foldable without damaging magnetic properties. Used for fridge magnets, magnetic car signs, shelf labels, signage and business cards.
• Ferrite Magnet Hard Ferrite/Ceramic magnets available in isotropic or anisotropic properties with excellent corrosion resistance and operating capabilities between -40°C and +250°C. Used in servo motors, brushless motors, linear motors, automotive motors, HEV/EV motors and wind turbines.
• NdFeB Magnet Neodymium iron boron (NdFeB or 'neo') magnets offering the highest energy product of any material, available in various shapes, sizes and grades. Used in high-performance motors, brushless DC motors, magnetic separation, MRI, sensors and loudspeakers.
• Magnet Paint Water-based paint containing iron pigments for indoor applications, allowing magnets to be affixed on painted surfaces. High-grade acrylic dispersion with excellent adhesion and coverage; re-coatable with dispersion paint or repaperable with light wallpaper.

Quantifiable outcome

• Up to 3 times weight reduction compared to sintered magnets without affecting magnetic parameters
• +2 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Max Baermann Holding AG (Germany)historicalOthers · 1 October 2010Indian promoter acquired 100% equity shares from M/s. Max Baermann Holding AG and Mr. Horst Baermann, Germany, with effect from 01.10.2010. The company was an Indo-German Joint Venture till Nov 1999 and was a Subsidiary of Max Baermann Holding AG, Germany till 30.09.2010.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Eclipse Magnetics: UK manufacturer of industrial magnets, magnetic separators, and assemblies serving automotive, food, and process industries — comparable in product portfolio breadth and B2B industrial customer focus.
• DEXTER Magnetic Technologies: US-based designer and manufacturer of magnetic assemblies and bonded magnets for industrial, automotive, and aerospace OEMs — directly comparable in custom bonded-magnet assemblies and engineered solutions for motor/sensor applications.
• Master Magnetics Inc. Manufacturer of flexible magnetic strips, sheets, and assemblies for industrial, advertising, and consumer applications — directly comparable to Magnaplast's Magnaflex flexible extrusion and magnetic-sheet product lines.
• Arnold Magnetic Technologies: Arnold Magnetic Technologies is a global specialty/bonded magnet manufacturer producing bonded NdFeB, ferrite, and rare-earth magnets, plus assemblies, across automotive, aerospace, and industrial markets — directly comparable in product mix and customer base to Magnaplast.
• Bunting Magnetics: US-based manufacturer of bonded magnets, magnetic assemblies, and separation equipment for industrial OEMs — directly comparable as a custom magnet producer targeting similar motor/sensor and industrial applications.
• Magnet Applications Ltd: UK-based specialist in bonded magnets, flexible magnetic extrusions, and assemblies serving automotive, sensors, and industrial customers — closely comparable in extrusion/bonding capability and application mix to Magnaplast's Magnaflex and Magnadur lines.

Broad incumbents

• Hangzhou Permanent Magnet Group (HPM): Large Chinese producer of sintered and bonded NdFeB and ferrite magnets for motors, sensors, and industrial applications — comparable product range to Magnaplast but at significantly larger volume and with full vertical integration into rare-earth raw materials.
• TDK Corporation: Global electronics giant producing ferrite and rare-earth magnets, magnetic materials, and assemblies across automotive, industrial, and consumer markets — overlaps with Magnaplast on bonded NdFeB/ferrite magnets but operates at vastly larger scale and broader scope.
• Proterial (formerly Hitachi Metals): Major Japanese producer of sintered and bonded NdFeB magnets, ferrite magnets, and magnetic materials for automotive traction motors and industrial applications — competing with Magnaplast in the same automotive motor magnet category but at much larger scale.

Emerging players

• Jiangmen Magsource New Material Co. Chinese bonded NdFeB and ferrite magnet manufacturer focused on automotive motors, home appliances, and consumer applications — emerging competitor in Magnaplast's niche with similar bonded-magnet capability and price-aggressive positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/magnaplast-technologies-india-private-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Magnaplast Technologies (India) Private Limited