Transformers and Rectifiers (India) Ltd (TARIL) is planning a phased entry into the UK and European transformer market, beginning with sales and customer support before considering local assembly and manufacturing. The Ahmedabad-based power equipment maker will commit to a UK factory only if regional orders reach about 2,000-5,000 MVA annually, Managing Director and Chief Executive Satyen Mamtora told The Hindu BusinessLine.
TARIL’s board has approved an investment of £10 million in its UK subsidiary, Maxwell Grid Transformers (UK) Private Ltd. The investment may be made in one or more tranches through equity, debt, guarantees or other permissible instruments, with the Indian parent holding a 51 per cent stake.
The subsidiary was incorporated in September 2026 but has not yet received capital or begun operations. TARIL expects to make its first investment by the end of October and operationalise the entity by the end of the December quarter, Mamtora said. Its initial role will be to provide customer support, sales and servicing across the UK and Europe.
Local assembly would follow the first phase, while a full manufacturing base would depend on sustained demand from the UK, Europe and neighbouring markets. “We would take that decision on demand, not on expectation,” Mamtora said. He described customer support and a sales presence as the company’s first priority, followed by local assembly and the potential to evolve into a manufacturing base serving the region.
The subsidiary’s approved business scope includes manufacturing and repairing transformers, selling and distributing TARIL products, and trading in transformer components. The company plans to target utilities, transmission operators, renewable-energy developers, data centres and industrial customers. TARIL expects the UK business to begin generating revenue in the next financial year and contribute around 2-3 per cent of consolidated revenue over the medium term.
The proposed expansion comes as investment in electricity networks, renewable-energy connections and power demand creates opportunities for transformer suppliers, according to the company’s stated rationale. TARIL has an international presence in more than 40 countries, including the UK, Belgium, France, Germany, Italy and Turkey, and says it has installed more than 18,000 transformers worldwide.
Exports accounted for about 8 per cent of TARIL’s revenue in the second quarter and approximately 15 per cent of its order book. About 20 per cent of its ₹21,000-crore inquiry pipeline comprised export opportunities, Mamtora said. The company is in advanced discussions with multiple customers in the UK and Europe, but has not disclosed prospective order values or volumes. It said announcements would be made as discussions conclude in line with disclosure obligations.
TARIL is also expanding its manufacturing footprint in India. It has more than 75,000 MVA of manufacturing capacity and is targeting utilisation of around 90 per cent at its plants. The Changodar expansion in Ahmedabad is expected to begin commercial production around Diwali, followed by an expansion of its extra-high-voltage facility at Moraiya. The company has outlined an investment of around ₹150 crore at Changodar and ₹900-1,000 crore in backward integration. The conversion of European discussions into firm orders will determine when the UK subsidiary moves beyond sales and servicing into assembly and potentially manufacturing.
