Lord’s Mark Industries buys Radiotone for ₹4.5 cr

Deal overview

Lord’s Mark Industries Limited has acquired Radio Electric Private Limited, the company behind the Radiotone brand, as part of its expansion into specialised electrical manufacturing and engineering. The acquisition has been completed under Lord’s Mark’s Lighting & Energy Division. The company said the transaction adds specialised transformer technology, blue-chip customer relationships, export capabilities and significant untapped manufacturing capacity. It also positions Lord’s Mark to scale an established manufacturing business rather than building capabilities from scratch. The target company is registered in Maharashtra and operates in the electrical manufacturing sector. Lord’s Mark disclosed the acquisition to BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Why Radiotone matters to Lord’s Mark

Radiotone is an established brand in specialised transformers, and the acquired business brings decades of engineering experience. Radio Electric Private Limited was founded in 1939, and Radiotone has been in the market since 1980. Lord’s Mark described the move as aligned with its vision of building a diversified, technology-led Indian enterprise by acquiring and scaling established businesses with strong technical capabilities and long-term growth potential. The acquisition is intended to strengthen Lord’s Mark’s electrical manufacturing platform within Lighting & Energy. The company has indicated it will pursue a more structured domestic and international growth strategy after the acquisition.

What Radio Electric manufactures

Radio Electric specialises in variable autotransformers, widely known as Variacs, and toroidal transformers. Products are largely manufactured to customer-specific requirements, reflecting a project and specification-driven model. The business also manufactures specialised variable transformers, AC power sources, voltage isolation transformers, variable inductors, and chokes. Lord’s Mark highlighted specialised transformer design expertise and high-current manufacturing capabilities as key assets it is bringing into the group. The company has also referenced the acquisition as strengthening its footprint in transformer engineering solutions.

Purchase structure and regulatory disclosures

Lord’s Mark acquired 100% equity stake in Radio Electric Private Limited for a cash consideration of ₹4.50 crore. Disclosures referenced the acquisition as a completed acquisition of shares and control. The company stated it is not a related party transaction, and it reported no promoter interest in the target entity. In addition to the strategic rationale, Lord’s Mark has characterised the acquired entity as a profitable, debt-free operating business in its communications around the deal.

Manufacturing footprint and capacity headroom

A key operational element highlighted alongside the acquisition is capacity availability. Radio Electric’s manufacturing facility is currently running at around 50% of machine capacity on a single shift, according to the information shared around the transaction. This provides scope to increase output without immediate large capital expenditure, because the underlying infrastructure is already in place. Lord’s Mark said production will remain at the existing facility under a lease arrangement. The company also indicated that continuity during the transition is a priority, with the trained team and vendor ecosystem continuing to support operations.

Exports, customers, and positioning

Lord’s Mark has pointed to Radiotone’s export capabilities and repeat export customers across seven countries. The markets referenced include Europe, the United States, Canada, South Africa, Dubai, and the Philippines. On the domestic side, the acquisition has been positioned as adding blue-chip customer relationships. Customers named in the deal context include Siemens Limited, Hitachi Hi-Rel Power Electronics Private Limited, and Larsen & Toubro Limited. Lord’s Mark has also outlined plans to expand beyond the current customer mix, including reaching additional industrial and institutional segments such as test and measurement laboratories, educational institutions, research centres, and utilities.

Integration plan under the Lighting & Energy Division

Lord’s Mark said it intends to build on Radio Electric’s established strengths through a more structured domestic and international growth strategy. Execution priorities referenced include strengthening sales, building dealer networks in industrial clusters, engaging more original equipment manufacturers, and improving the brand’s digital presence. The company stated it will keep existing operations under familiar management to maintain continuity. It also confirmed that the business will continue to operate from its existing facility under the lease arrangement.

Knowledge transfer and transition support

To manage the transition, Lord’s Mark disclosed that Mr. Umesh Marathe will remain available as a consultant for one year. The stated purpose is to assist with the transfer and documentation of design and process knowledge. This is relevant for a specialised manufacturing business where product performance and reliability depend on documented processes and repeatable engineering standards. Lord’s Mark has framed this continuity as part of ensuring smooth integration without disrupting production or customer deliveries.

Strategic fit with BESS and medical devices

Lord’s Mark has linked the acquisition to adjacent business priorities. In its stated synergies, the company said the acquisition provides a strategic edge in the Battery Energy Storage Systems (BESS) segment. It also said the deal enables in-house component manufacturing to improve profitability in its medical device business. Dr. Sachidanand Upadhyay, MD and CEO of Lord’s Mark Industries Limited, stated that the acquisition supports the company’s broader vision of building a diversified, technology-led Indian enterprise. The company’s stated plan is to convert the specialised engineering base into larger domestic and export revenue streams over time.

Market datapoints and key facts

As of 10:06 AM on October 12, 2026, Lord’s Mark Industries shares were trading at ₹79.89, based on the trading update cited alongside the acquisition coverage. While the company has not detailed financials of Radio Electric in the information provided here, it has repeatedly emphasised the target’s debt-free status and available capacity headroom.

What to watch next

Near-term execution will depend on how quickly Lord’s Mark can scale output using the available capacity and broaden sales coverage without disrupting existing customer commitments. The company has indicated a focus on expanding dealer networks, engaging more OEMs, and strengthening domestic and international growth under a structured strategy. Investors will also track future updates on how Radiotone’s transformer engineering and manufacturing capabilities are integrated into Lord’s Mark’s broader plans in Lighting & Energy, BESS, and medical devices. Any subsequent regulatory filings or operational milestones related to capacity ramp-up and export expansion are likely to be the next set of measurable checkpoints.