Mangal Electrical Industries

What Mangal Electrical Industries does

Mangal Electrical Industries Limited (MEIL), headquartered in Jaipur, Rajasthan, is a manufacturer of CRGO (Cold Rolled Grain Oriented) steel transformer components, amorphous metal cores, and finished power and distribution transformers, established in 1990 and operating from five integrated facilities across Rajasthan. The company processes CRGO mother coils into slit coils (40–1250 mm width), cut laminations, wound cores, toroidal cores, and core coil assemblies, and also produces energy-efficient amorphous cores using Metglas material with bonded edges and magnetic-field annealing. It manufactures complete transformers rated from single-phase 5 KVA to three-phase 10 MVA (with core-coil assemblies up to 20 MVA), oil-immersed circuit breakers, and insulated core blocks, and provides turnkey EPC services for electrical substations (including 132 kV deliveries for PGCIL).

The company's revenue is generated primarily through direct sales of components and finished transformers to power utilities, transformer OEMs, and renewable energy developers, supplemented by trading of CRGO/CRNO coils and amorphous ribbons and EPC substation projects. Pricing is quote-based and tender-driven, with no published price list. Distribution is conducted through a direct enterprise field-sales organization targeting NTPC, PGCIL, state DISCOMs, and large transformer OEMs (BHEL, Siemens, Crompton Greaves, Voltamp, Hammond Power Solutions, T&R Ltd, Meiden, SSE), with a dedicated international sales function handling exports. Reported FY2026 revenue was Rs 579.68 crore with net profit of Rs 43.17 crore (down 8.75% year-on-year).

MEIL holds PGCIL approval for 765 kV Class Projects — the highest voltage tier in India's transmission grid — alongside NTPC certification, ISO 9001:2015 / ISO 14001:2015 / ISO 45001:2018 / ISO 27001:2022 / ISO 27017 / ISO 27018, NABL accreditation for its CRGO testing laboratory, and ZED Silver certification. Founder and Managing Director Rahul Mangal leads the company, which transitioned from Private Limited to Public Limited in 2024 and is listed on BSE and NSE. Customer concentration spans Indian central utilities, public-sector transformer manufacturers, multinational OEMs, and renewable developers, with international reach into the UK, Japan, and other export markets.

Name

Mangal Electrical Industries

Legal name

Mangal Electrical Industries Limited

Website

https://mangals.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Manufacturer and EPC provider of CRGO transformer components, amorphous cores, and finished transformers (5 KVA to 10 MVA) supplying Indian central utilities, transformer OEMs, and renewable energy developers from five facilities in Rajasthan.

Ownership category

akta.pro rank

Product category

Transformer Components and Power Transformer Manufacturing

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311), Electrical Equipment Manufacturing (3353), Electrical Equipment Manufacturing (33531)

SIC

Power, Distribution & Specialty Transformers (3612), Switchgear & Switchboard Apparatus (3613), Electronic Coils, Transformers & Other Inductors (3677)

akta.pro industry

PRIMARYEUAMAFAE

Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable EPC & Construction (Balance of Plant)

SECONDARYIMAGAAAI

Grid-Scale Power Conversion & Interconnection (PCS, Grid-Tie Inverters, Converter Stations)

Industrials, Manufacturing & Construction/Electrical Equipment & Industrial Electronics/Power Generation & Grid Equipment (Transformers, Switchgear, Substations)

SECONDARYEUAEADAG

Overhead & Underground Collection System Construction (MV/HV Lines, Duct Banks)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Renewable Balance-of-Plant EPC (Wind/Solar/Hydro)

Keywords

• Transformer core manufacturing
• CRGO steel processing
• Amorphous metal cores
• Power transformer components
• EPC substation services

Headquarters

HQ city

Jaipur

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Transformer Component Manufacturing: Manufactures and sells CRGO steel products including slit coils, cut laminations, wound cores, core assemblies, core coil assemblies, amorphous cores, and oil immersed circuit breakers. Revenue is generated from the sale of these precision-manufactured components to transformer OEMs, utilities, and EPC contractors. This is the primary revenue stream.
2. Power Transformer Sales: Manufactures and sells complete power transformers with capacities ranging from single-phase 5 KVA to three-phase 10 MVA. Core and coil assemblies are also sold up to 20 MVA.
3. CRGO/CRNO Coil and Amorphous Ribbon Trading: Trades CRGO and CRNO coils as well as amorphous ribbons as a supplementary revenue stream alongside manufacturing.
4. EPC Substation Projects: Provides EPC services for setting up electrical substations, including design, procurement, and construction of substations (e.g., Pratapgarh Circle, Farrukhabad Substation, Dataganj Substation projects).

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Mangal Electrical Industries manufactures CRGO steel-based transformer components (slit coils, cut laminations, wound cores, toroidal cores, amorphous cores using Metglas, core-coil assemblies, and oil immersed circuit breakers) plus finished distribution and power transformers from single-phase 5 KVA to three-phase 10 MVA. The company also operates an EPC division delivering turnkey electrical substation construction services and trades CRGO/CRNO coils and amorphous ribbons, selling to power utilities, transformer OEMs, renewable energy developers, and industrial customers.

Product overview

Mangal Electrical Industries is a comprehensive transformer component manufacturer and solution provider offering a portfolio of nine distinct core products centered around CRGO (Cold Rolled Grain Oriented) steel and amorphous metal technology. The product line spans the manufacturing value chain: from foundational CRGO Mother Coils through CRGO Slit Coils, CRGO Core Laminations, CRGO Core Assemblies, and CRGO Core Coil Assemblies for complete transformer builds up to 20 MVA. Specialized offerings include energy-efficient Amorphous Cores (using Metglas metal), Wound Cores, Toroidal Cores, and Oil Immersed Circuit Breakers. Beyond components, the company manufactures finished Distribution and Power Transformers ranging from single-phase 5 KVA to three-phase 10 MVA, and provides turnkey EPC services for substation projects. The company also trades CRGO/CRNO coils and amorphous ribbons, positioning itself as a vertically integrated provider from raw material processing to complete power infrastructure delivery.

Differentiator

Problem solved

Functional benefit

Products and services

• CRGO Mother Coils Foundational CRGO (Cold Rolled Grain Oriented) steel coils used as the raw material for further processing into slit coils and laminations for transformer core construction, sold to transformer OEMs and downstream processors.
• CRGO Slit Coils Precision slit CRGO coils for transformers and power devices, processed from mother coils to customer-specified widths ranging from 40 mm to 1250 mm, used by transformer manufacturers as input material for core stacking and lamination.
• CRGO Core Lamination Cut CRGO laminations that minimize core losses in transformers, available in various thicknesses for different CRGO grades (M3, M4, M5, M6), supplied to transformer manufacturers worldwide.
• CRGO Core Assembly Assembled CRGO transformer cores built through precise stacking and alignment of laminations, delivering exceptional magnetic performance for distribution and power transformer OEMs.
• CRGO Core Coil Assembly Complete CRGO core and coil assemblies for transformers up to 20 MVA, combining precision-engineered CRGO cores with low-voltage and high-voltage windings, ready for integration into transformer tanks.
• Amorphous Core Energy-efficient transformer cores manufactured from Metglas amorphous metal ribbon (~0.025 mm thick - about one-tenth of standard silicon steel lamination), with bonded edges and magnetic-field annealing for stress relief; reduces eddy current and no-load losses to approximately one-fifth of conventional silicon steel cores.
• Wound Cores Spiral-wound transformer core designs providing efficient magnetic flux conduction, precisely manufactured for optimal transformer performance, supplied to transformer OEMs.
• Toroidal Cores Ring-shaped (toroidal) transformer cores offering efficient magnetic performance with minimal magnetic flux leakage, supplied to transformer manufacturers for specialized applications.
• Oil Immersed Circuit Breaker (OICB) Circuit breakers with advanced core technology installed inside transformer tanks, providing superior arc quenching and temperature sensing for power transformer applications.
• Distribution Transformers Complete step-down transformers for delivering electricity to end-users in residential, commercial, and light-industrial applications, available in various power ratings and custom configurations.
• Power Transformers High-voltage transformers for transmission networks including ratings above 200 MVA, designed for full-load efficiency and used by utilities such as PGCIL for transmission grid applications.
• EPC Substation Services Turnkey engineering, procurement, and construction (EPC) services for setting up electrical substations and power infrastructure projects, including PGCIL-approved 132kV substation projects (e.g., Pratapgarh Circle, Farrukhabad Substation, Dataganj Substation).
• Custom Transformer Solutions Tailored transformer engineering and manufacturing from single-phase 5 KVA to three-phase 10 MVA, designed to meet client-specific voltage ratings, power capacities, CRGO grades, and dimensional requirements.

Quantifiable outcome

• Amorphous cores reduce no-load losses to approximately one-fifth compared to silicon steel cores, significantly lowering baseline energy consumption in continuously energized distribution transformers.
• +3 more outcomes

Named customers12 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

Feature6 records

Partnerships

One partnership is on record.

• Global CRGO Mills and Certified SupplierscoreStrategic or Co-development PartnerMEIL maintains long-term relationships with multiple global CRGO manufacturers and certified vendors to ensure stable raw material supply. These relationships secure consistent delivery of high-grade CRGO steel, protecting customers from supply chain disruptions and enabling the company to maintain quality standards across its product portfolio.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Regional players

• Hammond Power Solutions: North American-based manufacturer of dry-type and cast-resin transformers and magnetics. Listed as a customer of MEIL on its website, indicating a cross-border supply relationship. Comparable transformer-component buyer with similar product overlap on core/coil assemblies.

Broad incumbents

• Hitachi Energy India: Global leader in transformers and grid technology with strong India presence. Competes with MEIL in high-voltage power transformers, grid solutions, and EPC substation services. A key reference point for the high-voltage transmission market MEIL targets.
• Bharat Heavy Electricals Limited (BHEL): India's largest state-owned power equipment manufacturer, including large power transformers and EHV equipment. Existing customer of MEIL (lists BHEL on its customer roster) and competes with MEIL's finished transformer offering. Vastly larger scale and government backing.
• CG Power and Industrial Solutions (Crompton Greaves): Major Indian manufacturer of transformers, switchgear, and power equipment with much larger scale. Overlapping customer base (NTPC, PGCIL) and product portfolio in distribution and power transformers, though operates as a diversified electricals conglomerate.
• Siemens India (Siemens Limited): Indian arm of Siemens AG with a transformer and power infrastructure business. Customer of MEIL (CRGO/amorphous core supply) and direct competitor in finished power transformers. Significantly larger and globally integrated.

Direct peers

• Voltamp Transformers Limited: Indian manufacturer of oil-immersed power and distribution transformers. Directly comparable in product portfolio (oil-immersed transformers), target customers (Indian utilities, industrial), and scale. Listed on BSE.
• KRYFS Transformers Limited (formerly KRYFS Power Components): Indian CRGO steel processor and transformer core manufacturer. Most direct peer in CRGO slitting, cut laminations, and amorphous core manufacturing. Operates in the same upstream value chain segment with similar OEM customers.
• Bharat Bijlee Limited: Indian manufacturer of power and distribution transformers with a long operating history. Comparable in product range, customer base (utilities, industrial), and listed-company status in the Indian mid-cap transformer space.
• Transformers and Rectifiers (India) Ltd: Indian manufacturer of power and distribution transformers ranging from small ratings up to large EHV units. Directly comparable as a domestic transformer manufacturer with overlapping customer base (utilities, EPC contractors) and similar product range. Listed on Indian exchanges.

Emerging players

• Polycab India Limited: Diversified Indian electricals company that has expanded into transformers and EPC. Partial overlap as a growing player in the Indian power infrastructure value chain; relevant comp for the broader electrical-components ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/meiplindia
• Facebookfacebook.com/MeiplIndia
• LinkedInlinkedin.com/company/meiplindia

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Mangal Electrical Industries