Tarapur Transformers Limited is a Power Engineering Solutions Company based in Mumbai. The main activities of the Company are Manufacturing & Repairing, Power & Distribution of Transformers. Earlier, the Company operated 3 manufacturing units located at Kanchad in Palghar. At present, it works in one manufacturing unit at Pali (Wada).
Tarapur Transformers Limited was incorporated on May 9, 1998 as a private limited company with the name Tarapur transformers Pvt Ltd.
Effective from March 10, 2007, the Company was converted into a public limited company and the name was changed to Tarapur Transformers Limited.
The company's Boisar unit undertakes the repairing & refurbishment, rehabilitation & up gradation of transformers with the installed capacity of 600 MVA per annum. Pali unit is equipped with modern state of art infrastructure facilities & technology, which can undertake the manufacturing of 1200 MVA for manufacturing and 600 MVA for repairing of transformers per annum. Vadodara unit is engaged in manufacturing of Current Transformers Potential Transformer normally called as CTPT and Distribution Transformers ranging from 10 KVa/11Kv to 100KVa/11Kv with installed capacity of 39.40 MVA per annum.
In the year 1990, the company commenced their commercial production at Boisar Unit. In the year 1994, the company acquired the freehold land at Pali.
The company was initially promoted by Praful M Dharia, Rajesh Kumar Shah and Praful M Shah. In the year 2006-07, Bilpower Ltd and their promoters acquired the entire voting rights in the company followed by change in control and thus, the company became a subsidiary of Bilpower Ltd. In April 1, 2007, the company acquired the entire proprietorship business of Varsha Engineers, Vadodara. Thus, Varsha Engineers is under the flagship of Tarapur Transformers Ltd as Vadodara Unit.
In the year 2007, the company received ISO 9001:2000 certificate for Boisar Unit from Transpacific Certifications Ltd. In the year 2008, the company commenced their commercial production at Pali Unit.
The Company came out with an Initial Public Offer (IPO) by issuing 85,00,000 Equity Shares of Rs. 10/- each in April, 2010.