Vilas Transcore Ltd - Stock Valuation and Financial Performance

The company was originally incorporated as ‘Bravil Powercore Private Limited’ on November 28, 2006 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli (RoC). Further, pursuant to shareholder’s resolution passed at the Extra Ordinary General Meeting held on March 07, 2007, the name of the company was changed from ‘Bravil Powercore Private Limited’ to ‘Vilas Transcore Private Limited’ vide a fresh certificate of incorporation dated March 15, 2007 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli (RoC). Subsequently pursuant to a takeover agreement dated April 23, 2007 the business of a proprietorship firm ‘M/s Vilas Transcore’, which was being carried out by Promoter Mr. Nilesh Jitubhai Patel, was transferred to the Company as a going concern Further, pursuant to special resolution passed by the shareholders at the extra ordinary general meeting, held on February 22, 2011 the Company was converted into a Public Limited Company and the name of the Company was changed from ‘Vilas Transcore Private Limited’ to ‘Vilas Transcore Limited’ vide a fresh certificate of incorporation dated April 09, 2011.

The company is majorly catering to the power distribution and power engineering industry. Its products, CRGO laminated Core, CRGO core and slit coils are one of the most important parts of different kinds of power transformer, distribution transformer & other current transformers. The core of a transformer is a very important part for the proper functioning of the transformer. The core of the transformer is made through laminated sheets which are used to minimize current losses and CRGO steel material is used to minimize hysteresis losses, it provides a low reluctance path for electromagnetic flux and supports the primary and secondary windings of transformer. The core is laminated to reduce these currents to a minimum as they interfere with the efficient transfer of energy from the primary coil to secondary coil. Considering the importance of core, many points are kept in mind while the designing and manufacturing of the laminations, like manufacturing, functional reliability, longer service life, economy etc. The use of proper material & optimization of the shape are also very important for the efficiency of the transformer.

Business area of the company

The company manufactures and supplies power distribution and transmission components, primarily to transformer and other power equipment manufacturers in India and abroad. The company's product line includes CRGO laminated Core, CRGO core, and slit coils, which are essential components of various types of power transformers, distribution transformers, and other current transformers. 

Major events and milestones

• 1996: Established a Proprietorship Firm in the name of Vilas Transcore by Nilesh Jitubhai Patel.
• 2006: Incorporation of the company as “Bravil Powercore Private Limited” under the Companies Act, 1956.
• 2007: Change in the name of Company from “Bravil Powercore Private Limited” to “Vilas Transcore Private Limited”
• 2007: Takeover of the business of proprietorship firm Vilas Transcore into Vilas Transcore Private Limited vide takeover agreement dated April 23, 2007.
• 2011: Received Approval from Powergrid Corporation of India Limited for sourcing Torodial Core for Current Transformers (CTs) upto 400 KV class for Powergrid Projects.
• 2011: Conversion of Company from Private Limited to Public Limited.