M/S.Transformers & Rectifiers (I) Ltd. (Bavla)

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Originally incorporated as Triveni Electric Company Limited vide certificate of incorporation dated July 11, 1994, bearing No. : 04 – 22460 of 1994-95, and were engaged in the manufacture of upto 220 KV transformers. Our Company is promoted by Mr. Jitendra U. Mamtora, Mrs Karuna J. Mamtora and Mr. Satyen J. Mamtora. In 1995 our Company’s name was subsequently changed to Transformers And Rectifiers (India) Limited vide a fresh certificate of incorporation dated March 29, 1995, issued by the Registrar of Companies, Gujarat.

We currently operate out of our two manufacturing facilities situated at Changodar and Odhav situated in Ahmedabad. We acquired our Odhav unit in 2006 as part of our expansion plans for enhancing our capacity for manufacturing transformers upto 220 KV class.

Our business mainly comprises of manufacturing and selling of various kinds of transformers such as power, and distribution transformers, furnace transformers, rectifier transformers, and specialised transformers.

In 1998 we were certified as an ISO 9001-2000 company by Bureau Veritas, in respect of manufacturing and servicing of distribution transformers, power transformers (up to 200 MVA, 220 KV class) and furnace transformers (up to 63 MVA, 33 KV class).

In fiscal 2006 we increased the production capacity of our plant located at Changodar from 4000 MVA p.a to its present capacity of 6,000 MVA p.a. In order to effectively augment this unit’s production capacities, we initiated several expansion and debottle – necking procedures to facilitate this expansion, including installation of new winding machines, separate oven for coil drying, segregation of despatch area along with 100 MT capacity EOT crane and employing additional manpower


Takeover of business of M/s Transformers And Rectifiers (India)- a Promoter Group Concern

On August 1, 2006 our Company acquired the business of M/s Transformers And Rectifiers (India), a proprietary concern of our Promoter Mr. Jitendra U. Mamtora situated at Plot No 233, GVMSA Industrial Estate, Odhav Ahmedabad. The business was acquired under an agreement dated July 10, 2006 on a going concern basis with all the assets and liabilities, effective from August 1, 2006 (“Effective Date”) for a consideration of Rs. 15,221,050/- (being the difference between the assets and liabilities of the firm appearing in the audited balance sheet of the firm as on March 31, 2006). The consideration of Rs. 15.22 million was paid by us by issue of 117,085 fully paid up equity shares at a price of Rs. 130 per share, comprising of nominal share capital at the rate of Rs. 10 per share and premium at the rate of Rs. 120 per share, to Mr. Jitendra U. Mamtora.


Recent Acquisitions

(a) Transweld Mechanical Engineering Works Limited

In August 2006 we acquired 100% share capital of a company, Transweld Mechanical Works Private Limited, engaged in the business of manufacture and repair of transformer tanks and core channels. The total consideration for the acquisition was Rs. 3.25 million to the shareholders and promoters of our Company. It became our subsidiary with effect from August 1, 2006. By virtue of the acquisition, Transweld Mechanical Engineering Private Limited which was subsequently renamed as Transweld Mechanical Engineering Works Limited became our wholly owned subsidiary.

(b) Transpares Limited

In October 2006 we acquired 51% stake of Transpares Private Limited which is inter alia engaged in the business of manufacture of press steel radiators. The total consideration for the acquisition was Rs. 13.71million. Transpares Private Limited which was subsequently renamed Transpares Limited, become our subsidiary with effect from October 2, 2006.


Our Registered Office is situated at Survey No. 344-350, Opposite P.W.D Stores, Village: Changodar, Sarkhej Bavla Highway, Taluka: Sanand District: Ahmedabad.

Changes In The Registered Office Of Our Company

From To Date of Board Resolution
233, GVMM Industril Estate Odhav Ahmedabad Survey No. 344.350 opposite, PWD Stores, Sarkhej Bavla Highway, Village Changodar, District Ahmedabad. 382 210 September 2, 1999



Key Events and Milestones

Year Major Events
1994 Incorporation of Triveni Electric Company Limited.
1995 Change of name of the Company to Transformers and Rectifiers (India) Limited.
1996 Expanded upto 245 KV Class transformers at the new plant at Changodar, Ahmedabad, set up under TRIL.
1996-99 Manufactured transformers from 30 MVA, upto 132 KV class and receivedorders upto 50 MVA, 132 KV class.
• Received ISO 9001:2000 Certification (1998)
2000-02 Manufactured transformers upto 100 MVA, 245 KV class.
2002-03 Re - Certified for ISO 9001:2000

2003-04 • Received Single Order of 36 Transformers of 110 KV Class Delta Connected for TNEB.
• Single Order of 10 Transformers of 220 KV Class for GEB.
• Got PGCIL (Power Grid Corporation India Ltd.) Approval
2004-05 • Order for Engg. Manufacturing, supply and Installation of Station, UAT, and Station ATs for Sripad 2 x 500 MW, Super Thermal Power Station of NTPC (National Thermal Power Corporation)
• 2 Nos. 75 MVA, 33/220 kV, Generator Transformers for Non
Conventional Wind Power Energy Project from SUZLON.
• Successfully done Dynamic Short Circuit Test upto / on 50 MVA,
245 kV class Transformer.
2005-06 Crossed the Rs.100 crore turnover mark with a strong order book of over Rs. 260 Crores-For FY 2006-07
2006-07 • Crossed the Rs. 200 crore Turnover.

• Take over of the entire business of M/s Transformers and Rectifiers (India), proprietory concern of Mr. Jitendra U. Mamtora

• Acquisition of 100% stake of Transweld Mechanical Engineering Works Limited which hasbecome our wholly owned subsidiary with effect from August 1, 2006 and

• Acuqisition of 51% of Transpares Limited with investment of Rs. 13.72 million wich has become the wholly owned subsidiary w.e.f October 3, 2006

• Initiation of major expansion project of manufacturing heavy
duty transformers upto 400 KVA class, with a capacity of 8475 MVA,
P.A.