Transformers and Rectifiers (India) shareholders and shareholding pattern

NSE: TARILBSE: 532928Electrical EquipmentSmall Cap

Transformers and Rectifiers (India) Limited · Face value ₹1 · Listed Dec 2007

₹314.30₹14.60 (4.87%)BSE ₹314.40

Share price at the NSE close on 27 Oct 2026. Previous close ₹299.70.

27 Oct: open ₹303.00, high ₹321.85, low ₹299.80

52-week range of traded prices to 27 Oct 2026

₹224.05Low, 2 Feb 2026₹481.40High, 27 Oct 2025

Market cap: ₹9,434 Cr586th largest listed
P/E: 30.14
P/B: 5.71
Dividend yield: 0.08%
ROE: 20.9%
ROCE: 19.3%
Debt to equity: 0.34
Volume, NSE: 50,27,22325.2% delivered

Transformers and Rectifiers (India)'s shareholding pattern for Sep 2026, filed on 8 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Transformers and Rectifiers (India), filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters64.36%
Foreign institutions6.99%
Indian institutions1.19%
Individuals and others27.46%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	69.65%	69.65%	66.16%	66.16%	64.36%	64.36%	64.36%	64.36%	64.36%	64.36%	64.36%	64.36%
Indian promoters	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	69.65%	69.65%	66.16%	66.16%	64.36%	64.36%	64.36%	64.36%	64.36%	64.36%	54.86%	54.86%
Foreign promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	9.50%	9.50%
	25.10%	25.10%	25.10%	25.10%	25.10%	25.10%	25.10%	25.10%	25.10%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	25.09%	30.35%	30.35%	33.84%	33.84%	35.64%	35.64%	35.64%	35.64%	35.64%	35.64%	35.64%	35.64%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	Under 0.01%	0.02%	0.03%	0.57%	3.48%	4.45%	8.00%	9.34%	11.08%	11.33%	10.94%	11.21%	7.01%	8.33%	7.80%	6.99%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	Under 0.01%	0.02%	Under 0.01%	0.56%	0.55%	1.52%	6.49%	7.97%	10.03%	11.16%	10.43%	10.57%	6.84%	8.15%	7.41%	6.81%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.00%	0.00%	0.03%	Under 0.01%	2.93%	2.93%	1.51%	1.37%	1.05%	0.17%	0.51%	0.64%	0.17%	0.18%	0.39%	0.17%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	Under 0.01%	0.01%	0.01%	1.89%	6.33%	6.92%	7.67%	7.22%	6.03%	5.95%	4.19%	1.77%	1.53%	1.19%
Mutual funds	5.50%	5.18%	5.57%	2.43%	2.43%	2.43%	2.43%	2.04%	1.39%	1.39%	1.38%	0.96%	0.34%	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.89%	4.77%	5.39%	6.23%	6.25%	5.22%	5.76%	3.93%	1.72%	1.28%	1.12%
Insurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.28%	0.29%	0.31%	0.06%	0.01%	0.02%	0.01%	0.01%	0.04%	0.04%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.00%	0.00%	0.00%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.28%	1.25%	1.14%	0.91%	0.81%	0.17%	0.24%	0.04%	0.21%	0.02%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.00%	0.01%	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	25.04%	25.09%	25.07%	25.06%	24.52%	26.87%	24.01%	19.51%	17.57%	16.89%	17.09%	18.67%	18.47%	24.43%	25.54%	26.31%	27.46%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	21.58%	21.98%	21.39%	21.61%	19.65%	18.60%	16.87%	14.99%	14.30%	13.77%	14.36%	15.85%	15.36%	20.75%	21.90%	22.23%	23.62%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.18%	0.31%	0.71%	0.16%	0.23%	4.38%	4.51%	2.09%	0.96%	0.93%	0.56%	0.55%	0.50%	0.42%	0.48%	0.65%	0.53%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.86%	0.75%	1.03%	1.06%	0.00%	1.88%	0.95%	1.03%	1.01%	0.80%	0.76%	0.79%	0.88%	1.36%	1.19%	1.32%	1.23%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.62%	0.65%	0.68%	0.78%	0.75%	0.71%	0.61%	0.62%	0.58%	0.63%	0.67%	0.70%	0.90%	0.83%	0.85%	0.85%	0.85%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.00%	Under 0.01%	0.00%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.76%	1.35%	1.21%	1.41%	3.84%	1.24%	1.01%	0.73%	0.68%	0.71%	0.68%	0.74%	0.79%	1.03%	1.08%	1.23%	1.19%
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.02%	0.01%	0.02%	2.60%	–	–	–	–	–	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.58%	0.07%	0.04%	0.09%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.05%	0.11%	0.11%	0.08%	0.11%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.17%	1.25%	1.15%	1.30%	1.23%	1.02%	0.89%	0.72%	0.67%	0.70%	0.68%	0.73%	0.74%	0.92%	0.95%	1.12%	1.08%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.02%	0.03%	Under 0.01%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.21%	0.11%	–	–	–	–	–	–	–	–	–	–
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Independent Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–
Promoter shares pledgedShare of the promoters' own shares	22.26%	22.26%	22.26%	22.26%	21.25%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	22.26%	21.84%	21.84%	21.84%	21.84%	21.84%	21.84%	21.84%	21.84%
Shares in issue	1,32,56,411	1,32,56,411	1,32,56,411	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	13,25,64,110	14,25,64,121	14,25,64,121	15,00,82,917	15,00,82,917	15,00,82,917	30,01,65,834	30,01,65,834	30,01,65,834	30,01,65,834	30,01,65,834	30,01,65,834	30,01,65,834
Shares locked in	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	1,00,00,011	0	0	0	0	0	–	–	–	–	–	–

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Transformers and Rectifiers (India) shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	28,973	28,961	28,688	30,706	33,714	35,001	35,209	35,113	35,079	34,666	34,250	34,169	34,299	34,593	35,178	8	38,042	37,265	41,440	39,961	43,976	46,773	46,396	46,810	47,585	49,012	51,342	54,118	61,972	64,977	86,041	90,218	99,687	1,45,463	1,81,103	1,79,367	2,06,060	2,11,907	2,15,267	2,23,850
	7	7	7	7	7	7	7	7	7	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8
Indian promoters	7	7	7	7	7	7	7	7	7	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	7	7
Foreign promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	1	1
	28,966	28,954	28,681	30,699	33,707	34,994	35,202	35,106	35,072	34,658	34,242	34,161	34,291	34,585	35,170	–	38,034	37,257	41,432	39,953	43,968	46,765	46,388	46,802	47,577	49,004	51,334	54,110	61,964	64,969	86,033	90,210	99,679	1,45,455	1,81,095	1,79,359	2,06,052	2,11,899	2,15,259	2,23,842
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	2	2	2	8	14	26	77	81	99	110	124	131	98	94	102	100
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	2	2	1	7	12	24	69	74	90	102	112	118	91	86	91	91
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	0	0	1	1	2	2	8	7	9	8	12	13	7	8	11	9
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	1	1	1	1	20	17	21	33	36	33	26	22	29	25
Mutual funds	4	4	4	1	1	1	1	1	1	1	1	1	1	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	1	8	5	6	16	18	21	17	17	18	18
Insurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	1	1	2	2	1	3	2	1	2	2
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	1	0	0	0	0	0	0	0	–	–	–	0	0	0
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	11	11	13	15	17	9	7	4	7	3
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	1	1	0	0	0	0	0	–	–	–	0	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	46,801	47,575	49,002	51,331	54,101	61,949	64,942	85,936	90,112	99,559	1,45,312	1,80,935	1,79,195	2,05,928	2,11,783	2,15,128	2,23,717
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	44,675	45,488	46,825	49,032	51,719	59,328	62,306	82,730	86,663	94,999	1,39,569	1,74,145	1,72,156	1,98,854	2,04,290	2,07,040	2,15,334
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	2	4	1	1	3	4	1	1	3	6	6	6	5	5	5	6
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	142	149	153	179	0	263	233	353	378	598	712	738	722	637	647	727	734
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	345	372	496	598	613	767	841	1,231	1,352	2,027	2,722	3,284	3,464	3,113	3,340	3,572	3,622
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	–	0	1	0
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,637	1,563	1,523	1,520	1,767	1,587	1,557	1,620	1,717	1,931	2,302	2,761	2,846	3,318	3,500	3,782	4,020
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	6	9	11	246	–	–	–	–	–	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	127	34	24	7	4	7	4	3	3	5	4	5	40	36	39	45	48
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,501	1,519	1,487	1,499	1,514	1,554	1,519	1,614	1,711	1,922	2,292	2,748	2,798	3,273	3,453	3,728	3,964
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	4	3	3	3	3	4	3	3	4	5	7	7	8	7	7	7
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	23	30	–	–	–	–	–	–	–	–	–	–
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1
Independent Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–

Transformers and Rectifiers (India) promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Jitendra Ujamsi Mamtora, 31.30%.Promoter buying and selling

Holder
Jitendra Ujamsi MamtoraIndividuals and Hindu undivided families	31.30%	9,39,63,368	44.91%
Janki Aasish KiriNon-resident and foreign individuals	9.50%	2,85,12,824	0.00%
Karunaben Jitendra MamtoraIndividuals and Hindu undivided families	9.50%	2,85,12,824	0.00%
Satyen Jitendra MamtoraIndividuals and Hindu undivided families	9.50%	2,85,12,824	0.00%
Jitendra Ujamsi Mamtora HUFIndividuals and Hindu undivided families	4.55%	1,36,58,620	0.00%
Aakanksha Satyen MamtoraIndividuals and Hindu undivided families	0.01%	30,000	0.00%
Bipin Ujamashi MamtoraIndividuals and Hindu undivided families	0.00%	3,920	0.00%
Dilip Ujamashi MamtoraIndividuals and Hindu undivided families	0.00%	3,920	0.00%

Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of Transformers and Rectifiers (India), filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Transformers and Rectifiers (India)

Holder	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
State of Wisconsin Investment Board - Alliance Bernstein L.P.Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	1.21%	1.22%	1.47%
Goldman Sachs Funds - Goldman Sachs India Equity PortfolioForeign portfolio investors, category I	–	–	1.25%	1.80%	2.64%	2.64%	1.95%	1.51%	1.49%	1.21%	–	–
Invesco India Equity FundForeign portfolio investors, category I	–	–	–	–	1.19%	1.19%	1.15%	1.05%	–	–	–	–
Cohesion Mk Best Ideas Sub-TrustForeign portfolio investors, category II	2.92%	2.92%	1.47%	1.22%	–	–	–	–	–	–	–	–
Madhuri Madhusudan Kela .Resident individuals, over ₹2 lakh at face value	3.91%	3.91%	2.09%	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Sep 2026 filing

Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Foreign institutions: State of Wisconsin Investment Board - Alliance Bernstein L.P. 1.47%, +0.25 pts