Our Business
Our Company was incorporated as ‘Atlanta Electricals Private Limited’ as a dated December 15, 1988 We are one of the leading manufacturers of power, auto and inverter duty transformers in India, terms of production volume as of Fiscal 2024.
We are also one of the few companies in India, manufacturing transformers up to and including 200 Mega Volt-Amp (“MVA”) capacity and with 220 kilovolts (“kV”) voltage.
- Power & Auto Transformers
- Furnace Transformers
- Inverter Duty Transformers
- Special Duty Transformers
The Indian power sector is poised for significant growth, driven by strong demand from high-growth end markets such as data centres and EV charging networks.
As these industries expand, they will place additional pressure on grid capacity and resiliency, necessitating the deployment of new, modern transformers.
Furthermore, the Indian Railways’ shift towards high-speed trains has created a surge in demand for transformers operating between 66 kV and 132 kV voltage levels.
India’s renewable energy sector is experiencing unprecedented growth, driven by the government’s commitment to reducing carbon emissions and increasing the share of clean energy in the power mix.
The target of achieving 500 GW of non-fossil fuel-based capacity by 2030 has catalyzed large-scale investments in solar, wind, and hybrid energy projects.
As renewable energy adoption expands to remote and challenging terrains, there is also growing demand for compact, lightweight, and robust transformer solutions.
In alignment with India’s renewable energy goals, we recently embraced the green energy transition in 2021 by securing a major order for the supply of eight 80 MVA, 220/33 kV power transformers for Ultra Mega Solar Park in Andhra Pradesh.
We successfully conducted a dynamic short circuit test on our 14/17 MVA, 33/4*0.8 kV aluminium foil wound inverter duty transformer, specifically designed for solar power generation applications on February 17, 2022.
With a pan India presence and operations spanning over 30 years in the transformer manufacturing industry, we supply a wide range of transformers starting from 5 MVA/11 kV up to 200 MVA/220 kV.
we have a customer base in 19 states and three union territories, across India, with a supply of 4,000 transformers, aggregating to 78,000 MVA to various state and national electricity grids, private sector players and prominent renewable energy generation projects.
we have provided our products to prominent engineering, procurement, and construction companies.
We operate three fully functional manufacturing facilities, two located at Anand, Gujarat and one at Bengaluru, Karnataka. Additionally, we are in the process of setting up a manufacturing facility at Vadod, Gujarat which is under construction .
Our fully operational three facilities aggregate to 3,21,451.39 sq. ft. land area with a combined capacity of 16,740 MVA. Our Vadod facility is under construction on 7,72,830.80 sq. ft. land area and will have a capacity of 30,540 MVA. All four of our facilities have a combined capacity of 47,280 MVA production capacity.
Our Company has developed relationships with important players in the transmission and distribution, renewable energy and mobility sectors, which have helped support our growth.
we have a diversified customer base of 208 customers, which include Gujarat Energy Transmission Corporation Limited (GETCO), Adani Green Energy Limited, TATA Power and SMS India.
we supply to 19 states utilities and three union territories utilities and a multitude of industry customers.
This diverse customer base across various industries such as transmission, steel, dairies, solar, textile, construction and infrastructure etc.
Our approvals from organizations such as PGCIL and Ministry of Railways, Government of India have unlocked new opportunities in emerging product segments and geographic markets, including the northeast and export territories.
OBJECTS OF THE OFFER
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company.
- Funding working capital requirements of our Company.
- General corporate purposes.
Qualitative Factors
- One of the leading manufacturers of power, auto and inverter duty transformers in India, well-positioned to capture the industry tailwinds.
- Broad and diversified product portfolio with focussed product development tailored to meet the customer requirements.
- Strong order book coupled with well diversified customer base.
- Manufacturing capabilities with focus on quality and high level of regulatory compliance and health and safety measures.
- Experienced management team and qualified personnel with significant industry experience.
- Track record of profitability and consistent financial performance in an industry with significant entry barriers.
Comparison of accounting ratios with listed industry peers
- Voltamp Transformers Limited
- Transformers and Rectifiers India Limited
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