About Indo Tech Transformers Limited

Indo Tech Transformers Limited is an India-based manufacturer of power and distribution transformers, special application transformers, mobile sub‑station transformers and sub‑stations. Its manufacturing plant is located at Illuppapattu, Kancheepuram, Tamil Nadu, with in‑house testing facilities accredited by NABL (ISO 17025) for routine and special tests under national and international standards. The company’s portfolio spans Large Power Transformers, Distribution Transformers and Skid‑Mounted Substations, as well as Invertor and Convertor Transformers for specialised applications across power, steel, cement, textiles and renewable sectors (hydro, wind and solar). Revenue is derived from India and overseas markets, with the primary contribution from the domestic business and the balance from the rest of the world.

Indo Tech is a trusted partner to utilities, distribution companies and industrial clients, combining manufacturing precision with a customer‑centric approach. The promoter, Shirdi Sai Electricals Limited, holds 75% of the company’s equity as at March 31, 2025, underscoring group synergies in procurement and supply chain. The company has no subsidiaries or associates.

Key Milestones of Indo Tech Transformers Limited

Key milestones achieved in the latest year include its highest‑ever topline performance, reflecting timely execution and an improved product mix; sustained NABL‑accredited testing capability; and continued readiness for larger, complex bids in power generation, infrastructure and renewables. Indo Tech also reported successful short‑circuit testing and ongoing capacity enhancements, aligned to India’s grid modernisation and renewable energy opportunity set.

Indo Tech Transformers Limited Business Verticals and Geographical Presence

Indo Tech manufactures power and distribution transformers, special application and mobile sub‑station transformers, and sub‑stations, plus inverter‑ and convertor‑duty transformers for specific needs. The company’s portfolio spans Large Power Transformers, Distribution Transformers and Skid‑Mounted Substations across power, steel, cement, textiles and renewable sectors. The manufacturing plant is at Illuppapattu, Kancheepuram, Tamil Nadu. Revenue is derived from India and overseas markets, with the primary contribution from the domestic business and the balance from the rest of the world.

Indo Tech Transformers Limited Business Segment

Indo Tech manufactures power and distribution transformers, special application and mobile sub‑station transformers, and sub‑stations, plus inverter‑ and convertor‑duty transformers for specific needs. The manufacturing plant is at Illuppapattu, Kancheepuram, Tamil Nadu, with NABL (ISO 17025) accredited in‑house laboratory. The company primarily serves the Indian market with additional sales to the rest of the world, catering to sectors such as utilities, EPC, renewables and industry.

Indo Tech Transformers Limited Key Management

• N Visweswara Reddy – Chairman and Non‑Executive Director
• Manohar Purushothaman – Chief Executive Officer & Whole Time Director
• Saikrishnan C.P. – Chief Financial Officer
• Shiva Prasad Padhy – Company Secretary

Latest Updates on Indo Tech Transformers Limited

• Strong operating momentum: Gross Sales and Other Income grew 23% year‑on‑year; EBDIT increased 41%; Profit after Tax rose 36%. Earnings per Share stood at Rs 60.15, Return on Net Worth at 23%, and Debt‑to‑Equity at 0.03:1, highlighting improved efficiency with conservative leverage; Total Outside Liabilities to Tangible Net Worth (TOL/TNW) was 0.55 times as of March 31, 2025.
• Capacity expansion approved: The Board authorised a capex of Rs 75 crore to increase installed capacity from 9,500 MVA to 16,000 MVA in a phased manner over the next two financial years. The expansion is planned to be funded through internal accruals and is aimed at process upgrades and infrastructure improvements.
• Business development traction: The company is participating in larger and more complex bids across power generation, infrastructure and renewables, supported by its diversified product range and plant productivity initiatives.
• Order book visibility: An order book of Rs 830 crore (about 1.5 times annual revenue) provides visibility for FY25‑26, aided by better capacity utilisation and process efficiency.
• Credit rating upgraded: India Ratings upgraded the company’s rating in June 2025 to BBB+/A2, citing improved scale and demand visibility.
• Leadership changes: Mr. Shridhar Gokhale resigned as Chief Executive Officer and Whole‑Time Director with effect from April 07, 2025; Mr. Purushothaman M was appointed CEO & Whole‑Time Director on the same date. Mr. Shiva Prasad Padhy was appointed Company Secretary with effect from May 20, 2025; Mr. Dayanand R was appointed Chief Operating Officer with effect from May 20, 2025.