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Delta Magnets Ltd. Company History and Annual Growth Details

G.P. Electronics Ltd., a Company headed by Mr. Ajay Piramal, a sion of the Piramal clan, (Nicholas Laboratories, Morarjee Mills etc.) is a leading producer of Magnets and hard ferrites for the electronics industry.

Established in 1984, the Company commissioned its first plant in 1985. The plant of the Company is located at Nasik in Maharashtra.

The Company markets high quality magnets to OEMS (Original Equipment Manufacturers) in the consumer electronics industry, particularly for speakers, earphones, headphones, telephones etc. and in the automotive industry for horns, magnets in two and three wheelers, wiper motors etc. The other applications of these products are in D.C. Motors, stepper motors, generators, material handling systems, toys and novelties.

The Company has two foreign collaborators. Tokyo Kikai Sangyo Ltd. of Japan and Crucilla Magnets, U.S.A.

2000 - Dealings in Letter of Allotment of Equity Shares allotted on conversion of
Part A of 14% PCD are good delivery in the market until further notice.


- Company name has been changed from G P Electronics Ltd to Delta Magnets Ltd.


- Delta Magnets Ltd has informed that the Board of Directors of the Company at its meeting held on June 29, 2009, inter alia, has appointed Mr. Rajesh Jaggi as an Additional Director of the Company.


- Delta Magnets Limited has appointed Dr. Vrajesh Udani and Ms. Ambika Kothari as Additional Directors of the Company with effect from July 30, 2010.