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Transformers & Rectifiers (India) Ltd. Company History and Annual Growth Details

We were 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 Companys 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 ourOdhav unit in 2006 as part of
our expansion plans.

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 design 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). Our ISO-9001-2000 certification
has expired on September 16, 2007 and is in the process of being

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 units 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 additionalmanpower

Effective 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 for a consideration of Rs.
15,221,050/- (being the difference between the assets and
liabilities of the proprietary concern appearing in the
audited balance sheet of the firm as on March 31, 2006).
The aforesaid consideration 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.

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 received orders upto 50 MVA,
132 kV class.Received ISO 9001:2000 Certification

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, SuperThermal 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 has become our wholly
owned subsidiary with effect from August 1, 2006 and

Acquisition of 51% of Transpares Limited with
investment of Rs. 13.72 million which 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,