Lord's Mark buys 1939-founded Radiotone transformer maker
What's the deal? Lord's Mark IndustriesDealroom has a profile for this one. Try Dealroom → has acquired Radio Electric Private LimitedDealroom has a profile for this one. Try Dealroom →, the company behind the Radiotone brand of Variacs and toroidal transformers. The deal was disclosed to the BSE on October 12, 2026, under Regulation 30 of the Securities and Exchange Board of India's listing requirements. Lord's Mark did not disclose the price, stake acquired, or Radio Electric's financials.
What each side does: Founded in 1939, Radio Electric manufactures variable autotransformers, toroidal transformers, and other specialised electrical products, with customers including Siemens, Hitachi Hi-Rel Power Electronics, Larsen & ToubroDealroom has a profile for this one. Try Dealroom →, and Bharat Bijlee. Lord's Mark, a BSE-listed company, operates across battery storage and medical devices.
What's the endgame? The deal marks Lord's Mark's entry into specialised electrical manufacturing and supports its expansion in the Battery Energy Storage System (BESS) segment. Managing director and chief executive officer Dr Sachidanand Upadhyay said the business could also help the company make critical components in-house for its medical device operations.
What Lord's Mark gets: The acquisition brings 40–50 customers, export relationships across seven countries, and manufacturing capacity running at roughly 50% utilisation on a single shift — leaving room to scale.
What changes? Production will continue at Radio Electric's existing facility, with its trained workforce and vendor network retained during the transition.
The signal: Buying an 86-year-old transformer maker lets Lord's Mark vertically integrate across its storage and medical device lines, securing components as India's energy storage market builds out.
Read more: eqmint.com
Image credit: Dilshan R Jayakody
