About Transformers & Rectifiers (India) Limited (TRIL)

Transformers & Rectifiers (India) Limited (TRIL) is a leading Indian manufacturer of transformers and reactors, serving both domestic and international markets. The company traces its origins to 1981 under the stewardship of its founder and current Chairman, Mr. Jitendra U. Mamtora, and was incorporated on July 11, 1994. TRIL is headquartered near Ahmedabad, Gujarat, with its registered office on the Sarkhej–Bavla Highway, Moraiya, Sanand (Ahmedabad).

TRIL manufactures a wide portfolio that includes Power Transformers (up to 500 MVA and 1,200 kV Class), Furnace Transformers, Rectifier and Distribution Transformers, as well as specialty solutions such as Series and Shunt Reactors, Mobile Sub Stations, and transformers for solar and green hydrogen applications  . The company reports 16,000+ installations across 25+ countries and has successfully completed advanced tests, including a ‘Dynamic Short Circuit Test’ on a 250 MVA, 400/33+33 kV class three-phase power transformer at NHPTL in January 2024. Notably, TRIL designed and manufactured the world’s first 420 kV ester fluid filled shunt reactor.

Within India, TRIL operates from 4 plants and 5 offices, serving customers across 28 states. Exports account for 11% of total turnover, with the company catering to utilities and a broad array of industries including infrastructure, data centres, oil, gas & chemicals, railways, renewables, power transmission & distribution, and more. The company holds ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications, and has earned multiple recognitions, such as Forbes Asia’s “Best Under a Billion” and “Best Equipment Supplier” by GETCO (thrice) . As on March 31, 2024, TRIL has 5 subsidiaries (number only) .

Transformers & Rectifiers (India) Limited ‘s Business Segments

Domestic vs. International: Exports contributed 11% of the company’s total turnover; the balance came from domestic operations.

Transformers & Rectifiers (India) Limited (TRIL) Key Management

• Jitendra U. Mamtora – Chairman & Whole-time Director
• Satyen J. Mamtora – Managing Director
• Karuna J. Mamtora – Executive Director
• Chanchal S. S. Rajora – Chief Financial Officer & Advisor to the Board
• Rakesh Kiri – Company Secretary

Latest Updates on Transformers & Rectifiers (India) Limited 

• Significant orders: TRIL secured orders worth Rs 2,050 crore in FY24, the highest in five years. Notable wins included Rs 456 crore (Power Grid Corporation of India Limited, December 2023), Rs 118 crore (Uttar Pradesh Power Transmission Corporation Limited, December 2023), and Rs 232 crore (Power Grid Corporation of India Limited, February 2024), alongside export orders aggregating Rs 94.53 crore .
• Strategic capacity move: The company announced capital expenditure for a dedicated manufacturing line for transformers serving the renewables sector, aimed at strengthening its product portfolio and meeting growing demand in India and globally .
• Equity raise: During FY 2023-24, TRIL executed a preferential allotment of 1,00,00,011 equity shares at Rs 120 per share (face value Rs 1) .
• Technical milestone: TRIL completed a ‘Dynamic Short Circuit Test’ on a 250 MVA, 400/33+33 kV transformer at NHPTL in January 2024, underscoring its engineering capabilities .
• Governance proposal: The Board proposed the TRIL ESOP Plan 2024 for shareholders’ approval at the ensuing AGM.