Mangal Electrical Industries Limited (MEIL) has announced the appointment of Mr. Ramkishan Bairwa as its new Chief Operating Officer (EPC), effective September 16, 2025. The decision was approved by the company's Board of Directors, following a recommendation from the Nomination and Remuneration Committee.

Extensive Industry Experience

Mr. Bairwa brings over three decades of expertise to his new role at MEIL. With more than 33 years of experience in managing EPC (Engineering, Procurement, and Construction) contracts in the Power Transmission & Distribution sector, he is poised to contribute significantly to the company's operations.

Educational Background

The newly appointed COO holds a Bachelor's Degree in Electrical Engineering from Delhi College of Engineering under Delhi University. Additionally, he has earned a Graduate Diploma in Materials Management from the Indian Institute of Material Management, Bangalore, further enhancing his qualifications for the role.

Professional History

Prior to joining Mangal Electrical Industries Limited, Mr. Bairwa has had an illustrious career, having been associated with several prominent companies in the industry. His previous engagements include:

• Alstom Systems Limited
• Teracom Limited
• Vindhya Telelinks Limited
• RAMA Prime Engineers & Construction Private Limited

Regulatory Compliance

In compliance with regulatory requirements, Mangal Electrical Industries Limited has confirmed that Mr. Ramkishan Bairwa has not been debarred from holding office by the Securities and Exchange Board of India (SEBI) or any other regulatory authority.

Company Performance

Coinciding with this appointment, Mangal Electrical Industries Limited also released its unaudited financial results for the quarter ended June 30, 2025. The company reported:

Market Listing

Mangal Electrical Industries Limited recently completed its Initial Public Offering (IPO) and was listed on the National Stock Exchange of India Limited (NSE) and BSE Limited on August 28, 2025. The IPO comprised a fresh issue of 71,30,124 equity shares with a face value of ₹10 each, aggregating to ₹713.01 crore, issued at a premium of ₹551 per equity share.

The appointment of Mr. Ramkishan Bairwa as COO (EPC) is expected to bring valuable expertise to Mangal Electrical Industries Limited as it navigates its journey as a newly listed public company in the power transmission and distribution sector.

Mangal Electrical Industries , a prominent player in the electrical equipment sector, has released its financial results for the first quarter, showcasing a mixed performance amidst market challenges.

Financial Highlights

The company reported a significant decrease in revenue for the quarter:

Mangal Electrical Industries reported a revenue of ₹897.00 million, marking a decrease from ₹1,140.00 million in the same period last year. This represents a year-over-year decline of 21.32% in revenue.

Net profit also saw a significant decrease, coming in at ₹37.00 million, down from ₹55.00 million in the previous year, representing a 32.73% reduction.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at ₹100.00 million, compared to ₹112.00 million in the same period last year, showing a 10.71% decrease.

Operational Performance

Despite the revenue decline, Mangal Electrical Industries demonstrated improvement in its EBITDA margin:

• EBITDA Margin: Improved to 11.12% from 9.82% year-over-year

The company's ability to improve its EBITDA margin in the face of reduced revenue highlights its focus on operational efficiency during challenging market conditions.

Initial Public Offering (IPO) Success

In a significant development, Mangal Electrical Industries successfully completed its Initial Public Offering (IPO). The company issued 71,30,124 equity shares at ₹561.00 per share, which included a premium of ₹551.00. This IPO raised ₹713.01 lakhs for the company, marking its entry into the public markets.

The shares of Mangal Electrical Industries were subsequently listed on both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE), enhancing the company's visibility and providing liquidity to its shareholders.

Looking Ahead

As Mangal Electrical Industries navigates through market fluctuations, the company's focus remains on leveraging its newly acquired public status and utilizing the funds raised from the IPO to drive growth and operational improvements. The company's ability to rebound from the Q1 revenue dip, maintain its improved EBITDA margin, and effectively utilize its IPO proceeds will be crucial factors in determining its performance trajectory for the remainder of the fiscal year.