About Banco Products (India) Limited

Banco Products (India) Limited (BPIL), incorporated in 1961, is a leading name in the automotive components industry with a strong presence across domestic and global markets. The Company specialises in designing and manufacturing high-performance engine cooling modules and sealing systems for Original Equipment Manufacturers (OEMs) and aftermarket clients. Its product portfolio includes radiators, charge air coolers, fuel and oil coolers, AC condensers, de-aeration plastic tanks, metal layered gaskets, and elastomeric moulded gaskets.

Headquartered in Vadodara, Gujarat, BPIL operates multiple plants in Bil (Vadodara), Waghodia (Gujarat SEZ), Rudrapur (Uttarakhand), and Zaheerabad (Telangana) . The Company caters to varied segments such as passenger cars, commercial vehicles, agricultural tractors, motorcycles, construction and mining equipment, locomotives, compressors, and data centre power systems.

BPIL has three wholly owned subsidiaries:

• NRF Holding B.V. (Netherlands) – a global leader in heat transfer and aftermarket cooling products.

• Banco Gaskets (India) Limited – focused on specialised gasket manufacturing in Ankhi, Gujarat.

• Banco New Energy Cooling Systems Limited – dedicated to thermal solutions for electric vehicles (EVs) and alternative energy platforms, with production commencing in October 2023 .

Together, these entities create a robust global footprint spanning more than 80 countries .

Banco Products (India) Limited’s Business Segments

For FY 2024-25, the domestic sales contributed 70.28% to revenue and export 29.72%.

Banco Products (India) Limited Key Management

• Mehul K. Patel – Chairman

• Sharan M. Patel – Whole-time Director
  

• Venkata Ranganath Kumar Sami – Whole-time Director & CTO (from 17.05.2025)

• Himali H. Patel – Whole-time Director & CFO (till 30.04.2025)

• Sachin J. Kotak – Chief Financial Officer (from 17.05.2025)

• Preeti Yadav – Company Secretary (from 13.11.2024)

Latest Updates on Banco Products (India) Limited

• Commenced supply of cooling systems and sealing solutions for EVs and clean energy platforms.

• Expanded the aftermarket network under AMD 2.0, with 700+ primary and 9,000+ secondary partners across India.

• Signed an MoU with the Automotive Skills Development Council (ASDC) for upskilling employees and partners under the Skill India initiative.

• NRF Holding B.V. strengthened its portfolio with the acquisition of turbocharger systems through an Asset Deal with Alanko, Germany.

• New NRF facilities added in Chitila (Romania) and Poland, improving European market reach .

• Banco New Energy Cooling Systems Limited began commercial production of heat exchangers at Ankhi in October 2023 .

The Group achieved efficiency gains through machine automation, digital integration, and lean manufacturing while expanding into new geographies and product categories.