Acquisition Overview

Lord's Mark Industries Limited has acquired Radio Electric Private Limited, operating under the Radiotone brand, through its Lighting & Energy Division. The acquisition represents a strategic expansion into specialised electrical manufacturing and engineering.

Target Company Profile

Radio Electric Private Limited was founded in 1939, with the Radiotone brand established since 1980. The company brings 87 years of engineering and manufacturing heritage. It specialises in variable autotransformers (Variacs) and toroidal transformers, with products manufactured to customer-specific requirements.

Technical Capabilities

Product portfolio includes:

  • Three-phase air-cooled Variacs up to 1,000 A
  • Three-phase oil-cooled Variacs up to 2,000 A
  • Double-layer Variacs
  • Tailor-made single-phase toroidal transformers ranging from 30 VA to 20 kVA
  • Specialised variable transformers, AC power sources, voltage isolation transformers, variable inductors, and chokes

The company pioneered double-layer Variac design in 1979-80, which became widely used by servo stabiliser manufacturers. It developed customised solutions including isolated double-wound variable transformers that integrate variable voltage control and isolation.

Financial and Operational Status

Radio Electric Private Limited operates as a profitable, debt-free business. The existing manufacturing facility currently operates at approximately 50% of machine capacity on a single shift, providing significant headroom for production scaling without immediate large capital expenditure.

Customer Base

The company has established relationships with approximately 40-50 customers, including blue-chip industrial names:

  • Siemens Limited
  • Hitachi Hi-Rel Power Electronics Private Limited
  • Larsen & Toubro Limited
  • Bharat Bijlee Limited
  • Aplab Limited
  • Underwriters Laboratories India Private Limited
  • Intellux Electronics Private Limited

Export Presence

Repeat export customers across seven international markets:

  • Europe
  • United States
  • Canada
  • South Africa
  • Dubai
  • Philippines
  • Additional unspecified markets

Growth Strategy

Lord's Mark plans to implement:

  • Structured domestic and international growth strategy
  • Strengthened sales organization
  • Dealer networks in key industrial clusters
  • Expanded OEM engagement
  • Participation in industrial exhibitions
  • Enhanced digital presence

Target Market Expansion

Plans to broaden customer base beyond servo voltage stabiliser manufacturers to include:

  • Test and measurement laboratories
  • Educational institutions
  • Research and development centres
  • Electrical original equipment manufacturers
  • Utilities

Product Development Opportunities

Potential development of:

  • Motorised Variacs
  • Variable AC power sources
  • Test benches
  • Isolation and step-up/step-down transformers
  • Digital metered Variacs
  • Automatic voltage regulation and line-conditioning solutions

Adjacent Applications

Exploration of adjacent higher-value applications including:

  • Customised toroidal and specialised transformers for medical equipment
  • Audio systems
  • UPS and inverter applications
  • Solar and energy-storage systems
  • Railways and specialised electronics
  • Inductors, chokes, and other engineered transformer solutions

Transition Plan

Continuity ensured through:

  • Existing trained team and vendor ecosystem continuing operations
  • Production remaining at existing facility under lease arrangement
  • Mr. Umesh Marathe available as consultant for one year for knowledge transfer

Strategic Rationale

According to Dr. Sachidanand Upadhyay, MD & CEO: "This acquisition gives us a strategic edge in the rapidly growing Battery Energy Storage System (BESS) segment, while also enabling us to develop critical components in-house, creating greater value and improving profitability across our medical device business."