Draft:Permanent Magnets Limited
Permanent Magnets Limited - Company page
From Wikipedia, the free encyclopedia
Permanent Magnets Limited (PML) is an Indian engineering company listed on the Bombay Stock Exchange (BSE: 504132). It manufactures magnetic materials, current sensing components, and electromechanical assemblies. The company was founded in 1960 and is headquartered in Mumbai, Maharashtra..[1]
 | Review waiting, please be patient.
This may take 2 months or more, since drafts are reviewed in no specific order. There are 3,592 pending submissions waiting for review.
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
Reviewer tools
|
Submission declined on 23 March 2026 by RangersRus (talk).
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
This draft has been resubmitted and is currently awaiting re-review. |  |
| Submission declined on 23 March 2026 by ChrysGalley (talk). This draft appears to be generated by a large language model (such as ChatGPT). You should not use LLMs to write articles from scratch.
LLM-generated pages with the below issues may be deleted without notice. These tools are prone to specific issues that violate our policies:
Instead, only summarize in your own words a range of independent, reliable, published sources that discuss the subject. See the advice page on large language models for more information.This draft's references do not show that the subject meets Wikipedia's criteria for inclusion for organizations and companies. The draft requires multiple published secondary sources that:
Declined by ChrysGalley 29 hours ago.
| |
| Submission declined on 21 March 2026 by EatingCarBatteries (talk). This draft reads like an advertisement. Wikipedia is an encyclopedia, not a platform for promotion or marketing. Drafts that are exclusively promotional may be deleted without notice.
Declined by EatingCarBatteries 3 days ago.Wikipedia articles must be written neutrally in a formal, impersonal, and dispassionate way. They should not read like a blog post, advertisement, or fan page. Rewrite the draft to remove:
Instead, only summarize in your own words a range of independent, reliable, published sources that discuss the subject. If you have a conflict of interest (e.g. you are the subject, an employee, or a relative) or are being paid to edit, you must disclose this to comply with Wikipedia's Terms of Use. | |
Comment: There is still some LLM evidence here, though I can see that has been improved. Nevertheless it is a straight ban, LLM is forbidden under WP:NEWLLM.But the bigger problem is that this article does not, and probably cannot, meet the notability requirements of WP:SIRS. The sources here are either not reliable or are mentioned in WP:CORPTRIV. That is to be expected, the overwhelming majority of companies do not meet the notability requirements of WP:ORGDEPTH. ChrysGalley (talk) 09:32, 23 March 2026 (UTC)
| Company type | Public |
|---|---|
| BSE: 504132 | |
| Industry | Precision Engineering, Manufacturing |
| Founded | 26th Nov, 1960 in Gujarat, India |
| Headquarters | B3, MIra Co-operative Housing Society, MIDC Industrial Area, Miragaon, Mira Road East, Mumbai, Mira Bhayandar, Maharashtra 401107 |
| Subsidiaries | Quantum Magnetics Pvt. Ltd. |
| Website | www |
History
Permanent Magnets Limited was incorporated on 26 November 1960 in Vadodara, Gujarat by Kantilal Desai son of Morarji Desai, in collaboration with an Italian firm. The company initially produced Alnico magnets for industrial and domestic applications[2]. The Taparia Group purchased the company in 1965, producing hard ferrites and yoke assemblies for the electronics and power sectors[3].
In 1983, PML entered into a technical collaboration with Sumitomo Special Metals Co. Ltd., Japan, to support its cast magnet production and alloy processing. The company was listed on the Bombay Stock Exchange in 1991. In 2009, Permanent Magnets Limited merged with Taparia Magnetics Private Limited as part of a restructuring of its operations.[4]
In the 2010s and 2020s, the company expanded into current sensing components, precision engineering, and metallurgical processing. In 2023, it commissioned a vacuum induction melting (VIM) furnace for the production of specialty alloys.
Timeline
- 1960: Incorporated in Vadodara, Gujarat; commenced production of Alnico magnets.
- 1965: Acquired by the Taparia Group; hard ferrites and yoke assemblies.
- 1983: Technical assistance agreement signed with Sumitomo Special Metals Co. Ltd., Japan.[5]
- 1991: Listed on the Bombay Stock Exchange.
- 2005: Hiperm Division established for soft magnetic components.
- 2007: Shunt Division established for copper manganin current sensing assemblies.
- 2009: Merger with Taparia Magnetics Private Limited.
- 2016: Introduction of ZAMAK die-casting processes.
- 2017: CT Division established for nanocrystalline and amorphous core components.
- 2018: Plastic moulding processes integrated into manufacturing.
- 2022: Stamping facilities expanded.
- 2023: Vacuum Induction Melting (VIM) furnace commissioned.
- 2024: Incorporation of Quantum Magnetics Private Limited (joint venture)[6]
- 2025: Nano ribbon casting technology introduced.
Industrial Divisions
PML's manufacturing facilities in Mira Road and Naigaon, Maharashtra, are organised across product divisions.[7]
- Magnetic and wound cores: The company produces nanocrystalline, amorphous, and Mu-metal cores used in energy meters, transformers, and relay assemblies.
- Current sensing: PML manufactures manganin shunts, current transformers and relays for smart metering infrastructure and automotive battery management systems[8].
- Stamping & Overmolding: The company integrates high-speed stamping, die-casting (ZAMAK and aluminium), and plastic overmoulding in the production of stator and rotor assemblies[9]
- Metallurgy: PML processes superalloys including Inconel and Hastelloy and manufactures magnetic shielding components for use in medical and aerospace applications.
In 2024, the company established a joint venture, Quantum Magnetics Private Limited, to focus on the domestic production of rare-earth magnets[10]
Corporate Governance
As of 2026, the company's board is chaired by Nirmal Kumar Jain, with Sharad Taparia serving as Managing Director. For the fiscal year ending March 2025, PML reported a consolidated turnover of ₹205.0 crore.
The company conducts corporate social responsibility activities in the Maharashtra and Silvassa regions, with a focus on healthcare and education.[11]
Wikipedia articles must be written neutrally in a formal, impersonal, and dispassionate way. They should not read like a blog post, advertisement, or fan page. Rewrite the draft to remove:
Instead, only summarize in your own words a range of independent, reliable, published sources that discuss the subject.
If you have a conflict of interest (e.g. you are the subject, an employee, or a relative) or are being paid to edit, you must disclose this to comply with Wikipedia's Terms of Use.