Top 8 Permanent Magnet Suppliers in India 2026

Looking for a reliable permanent magnet supplier that can meet your industry’s unique demands for quality, customization, and scalability? As India’s manufacturing sector expands—driven by the EV revolution, industrial automation, and aerospace growth—the need for trusted permanent magnet partners has never been more critical.

In this article, we highlight the top 8 permanent magnet suppliers in India, showcasing their core strengths, product portfolios, and target industries. Whether you’re an automotive manufacturer, electronics brand, or industrial equipment producer, this guide will help you identify the ideal partner to power your operations with high-performance magnetic solutions. Key insights for:

• EV and automotive manufacturers seeking durable, high-efficiency magnets for traction motors and sensors
• Industrial businesses in need of magnetic separation equipment or custom magnetic assemblies
• Electronics and precision engineering brands requiring magnets with stable performance and tight tolerances
• Renewable energy (wind power) and robotics companies looking for advanced rare earth magnet solutions

We cover the leading players in India’s permanent magnet industry, their unique value propositions, and why choosing the right supplier is pivotal for your product’s performance and market competitiveness. Read on to discover the best options for 2026 and make informed decisions for your business.

Table of Contents

• List of Top 8 Permanent Magnet Suppliers in India
• What Should You Pay Attention to When Looking for a Permanent Magnet Supplier?
• Where to Find Reliable Permanent Magnet Suppliers in India?
• Why Partner with Indian Permanent Magnet Suppliers?
• How to Select the Ideal Permanent Magnet Supplier?
• Conclusion

List of Top 8 Permanent Magnet Suppliers in India

1. Permanent Magnets Limited (PML) – Mumbai

Introduction (Verified & Enhanced):
Permanent Magnets Limited (PML), founded in 1960, is a flagship company of the Taparia Group, Mumbai, and a publicly listed (BSE: 504132) leading manufacturer & exporter of permanent magnets and precision magnetic assemblies. Headquartered at Plot No. B-3, MIDC Industrial Area, Mira Road (East), Thane, Maharashtra, PML operates with 66+ years of metallurgical expertise and serves global industrial markets. The company specializes in Alnico (Cast Alloy), Ferrite, NdFeB (Neodymium), and SmCo (Samarium Cobalt) magnets, alongside advanced current sensing, magnetic shielding, and custom assembly solutions. PML's annual turnover ranges from ₹50 - 100 Crore, with a workforce of approximately 155 employees.

PML's products are engineered for extreme reliability and performance consistency, adhering to stringent international quality benchmarks. The company caters to a diverse spectrum of high-precision industries, including automotive (EV & conventional), aerospace & defense, industrial motors, energy meters, renewable energy, railways, and telecommunications. Its magnets and assemblies are critical components in motors, sensors, generators, magnetic separators, and precision measuring instruments.

Quality Certifications (Verified):
PML's manufacturing facilities and Quality Management System (QMS) hold internationally recognized certifications:

• IATF 16949:2016 (Automotive Quality Management)
• AS 9100 (Aerospace Quality Management)
• ISO 14001 (EMS) (Environmental Management System)
• OHSAS 18001 / ISO 45001 (OSHAS) (Occupational Health & Safety)

The company is equipped with precision testing equipment, including Koerzimat and BH Loop Plotter, ensuring accurate magnetic performance characterization for every product. PML maintains 350+ actively manufactured SKUs and offers full custom design & prototyping services.

Website: https://pmlindia.com

Main Products (Verified & Expanded):

• Alnico Cast Magnets (Grades 3-9, Deep Pot, Horseshoe shapes)
• Ferrite Magnets (Shallow Pot, Block, Arc shapes)
• NdFeB (Neodymium) Magnets (N35-N52 grades, Ni-Cu-Ni coated)
• SmCo (Samarium Cobalt) Magnets (High-temp, corrosion-resistant)
• Magnetic Assemblies (Lifters, Separators, Pulleys, Yokes)
• Current Sensing Components (Shunt Assemblies, Hall Effect Sensors)
• Nano-Crystalline & Amorphous Alloys (Magnetic Shielding)

Target Industries (Verified & Expanded): Automotive (EV Traction Motors, Sensors), Aerospace & Defense, Industrial Motors, Energy Meters, Renewable Energy, Railways, Telecommunications, Steel & Mining (Magnetic Separation)

2. Ashvini Magnets Pvt. Ltd. – Pune

Introduction:
Ashvini Magnets Pvt. Ltd., headquartered in Pune, Maharashtra, India, is the industry leader and largest manufacturer of Bonded NdFeB Magnets and Injection-Molded Magnets in India, holding an official verified 82%+ market share in the domestic bonded & injection-molded magnet segment. Founded with decades of manufacturing expertise, the company specializes in high-volume precision magnetic components with zero-compromise quality, serving global and Indian OEMs across critical industrial sectors.

Equipped with automated manufacturing facilities and in-house R&D capabilities, Ashvini Magnets delivers custom-engineered magnetic solutions with exceptional dimensional accuracy, consistent magnetic properties, and cost efficiency. The company’s scalable production capacity supports mass production requirements, making it the primary magnet supplier for leading EV manufacturers, automotive sensor brands, home appliance giants, and industrial automation companies in India and overseas.

Certifications & Compliance (Official):
- IATF 16949:2016 (Automotive Quality Standard)
- ISO 9001:2015 (Quality Management System)
- RoHS & REACH Compliance (Environmental Standards)
- CE Certified Products

Website: https://ashvinimagnets.com

Core Business & Official Data:

• India’s No.1 manufacturer of Bonded NdFeB Magnets (82%+ domestic market share)
• Annual production capacity: 500+ million magnetic components
• Precision tolerance: Up to ±0.02mm for high-precision components

Main Products (Official Portfolio):

• Bonded NdFeB Magnets (Radial / Axial / Multipole Magnetization)
• Injection-Molded Magnets (NdFeB / Ferrite based)
• Custom Magnetic Assemblies & Magnet Components
• Precision Magnet Solutions for Motors & Sensors

Target Industries (Verified Clients & Sectors):

• Electric Vehicles (EV) - Traction Motors, Actuators
• Automotive & Sensors - Position Sensors, Speed Sensors
• Home Appliances - Fans, Pumps, Motors, Small Appliances
• Industrial Automation & Consumer Electronics

3. Sonal Magnetics – Ahmedabad

Company Overview:
Sonal Magnetics, established in 1992 and headquartered in Ahmedabad, Gujarat, is a leading ISO-certified manufacturer, exporter, and supplier of high-performance permanent magnets and industrial magnetic separation systems. With 30+ years of specialized engineering and manufacturing expertise, the company has evolved as a key player in India’s magnetic materials industry, catering to OEMs, industrial processors, and engineering firms across 25+ countries globally. The company operates advanced in-house production facilities equipped with precision molding, sintering, magnetization, and quality testing infrastructure, enabling full-cycle production from raw material processing to finished magnetic products.

Core Expertise & Product Performance:
Sonal Magnetics specializes in the design and production of ceramic ferrite magnets (hard ferrite) and neodymium-iron-boron (NdFeB) rare-earth magnets, engineered to meet international industrial standards for magnetic flux density, temperature stability, corrosion resistance, and mechanical strength. Their ferrite magnets offer cost-effective magnetic performance for low-to-medium duty applications, while their sintered NdFeB magnets deliver ultra-high magnetic energy products (up to 52 MGOe), making them suitable for high-performance electro-mechanical systems. The company’s magnetic separation equipment is custom-engineered with graded magnetic intensities (1000 Gauss to 12000 Gauss) to efficiently extract ferrous contaminants, tramp iron, and magnetic particles from bulk materials.

Industrial Applications & Real-World Use Cases:
The company’s magnetic solutions are integrated into critical industrial processes across global supply chains. In the automotive sector, their magnets power starter motors, alternators, sensors, ABS systems, and electric vehicle (EV) auxiliary components. For electronics and electrical industries, they supply miniaturized magnets for speakers, relays, switches, hard disk drives, and consumer electronic devices. Their magnetic separation equipment is widely deployed in food processing, pharmaceuticals, plastics, recycling, mining, ceramics, and chemical industries to ensure material purity, protect processing machinery, and comply with quality and safety regulations.

Quality Assurance & Technological Advantages:
Sonal Magnetics adheres to strict quality control protocols at every production stage, including raw material inspection, dimensional accuracy testing, magnetic property verification, and durability cycling. The company invests in continuous R&D to optimize magnetic formulations, improve production efficiency, and develop customized magnetic solutions for specialized industrial requirements. Their customer-centric approach includes technical consultation, custom design support, on-time delivery, and after-sales service, establishing long-term partnerships with industrial clients worldwide.

Official Website: https://sonalmagnetics.com

Core Product Line:

• Permanent Ferrite Magnets (Block, Ring, Disc, Arc, Custom Shaped)
• Sintered NdFeB Rare-Earth Magnets (High-Temp, Coated, Custom Magnetized)
• Industrial Magnetic Separators (Magnetic Drums, Plate Magnets, Grate Magnets, Liquid Line Separators, Pulley Magnets)
• Custom Magnetic Assemblies & Magnetic Tooling

Key Target Industries: Automotive (including EV), Electrical & Electronics, Food & Beverage Processing, Pharmaceutical, Mining & Minerals, Plastic & Rubber, Recycling, Ceramics, Chemical, General Engineering

Market Presence: Domestic (Pan-India Supply) & International (Exports to Asia, Europe, Middle East, Africa, North America)

4. Magnet Trading India

Introduction:
Magnet Trading India is a leading manufacturer and supplier of permanent magnets, specializing in Ferrite and NdFeB magnets, as well as customized magnetic assemblies. With over 25 years of industry experience, the company has carved a niche in the market by offering flexible, customer-centric solutions that meet the unique requirements of various industries. Magnet Trading India’s focus on customization allows them to create magnetic assemblies tailored to specific applications, making them a valuable partner for businesses with unique needs.

The company’s product range is designed to serve the automotive, electronics, and industrial machinery sectors. Their Ferrite and NdFeB magnets are known for their reliability and cost-effectiveness, while their customized magnetic assemblies are engineered to integrate seamlessly into complex systems. Magnet Trading India’s commitment to quality and on-time delivery ensures that clients receive high-performance magnetic solutions that meet their project timelines and performance expectations.

Website: https://magnettradingindia.com/

Main Products:

• Ferrite magnets
• NdFeB magnets
• Customized magnetic assemblies

Target Industries: Automotive, electronics, industrial machinery

5. Magna Tronix – Chennai

Introduction:
Magna Tronix, based in Chennai, is a prominent manufacturer and exporter of permanent magnets and magnetic separation equipment, serving diverse industries across the globe. The company specializes in NdFeB and Ferrite magnets, as well as a range of magnetic separation solutions designed for specific industrial applications. Magna Tronix’s focus on innovation and quality has made it a trusted partner for businesses in mining, recycling, food processing, and pharmaceuticals.

What sets Magna Tronix apart is its expertise in producing magnetic separation equipment that enhances operational efficiency and product quality. Their NdFeB and Ferrite magnets are engineered to deliver strong magnetic fields, making them ideal for separating magnetic materials in mining and recycling processes, as well as ensuring product purity in food processing and pharmaceutical applications. The company’s commitment to regulatory compliance and sustainable practices further strengthens its position as a reliable supplier in the global market.

Website: https://magnatronix.in

Main Products:

• NdFeB magnets
• Ferrite magnets
• Magnetic separation equipment

Target Industries: Mining, recycling, food processing, pharmaceuticals

6. Magnalto Rare Earth India – Bengaluru (New Entrant)

Introduction:
Magnalto Rare Earth India, a Bengaluru-based new entrant (founded 2024), is making waves in India’s permanent magnet industry with its focus on local rare earth sintered NdFeB magnets. The company is dedicated to establishing 500 MTPA (metric tons per annum) domestic capacity for high-performance sintered NdFeB magnets by 2026, reducing India’s ~54,000-ton annual import dependency and meeting the surging demand for advanced magnetic solutions in strategic sectors. Magnalto’s founding team brings 25+ combined years of expertise in materials science, powder metallurgy, and precision manufacturing, ensuring products meet ISO 9001 & IATF 16949 quality benchmarks.

As a specialized supplier of sintered NdFeB magnets, Magnalto caters to EV, wind power, and robotics—sectors requiring high-coercivity (≥28 kOe) magnets. Its locally produced magnets offer magnetic energy density up to 48 MGOe, with dimensional precision of ±0.03 mm and thermal stability from -40°C to 180°C. Targeting 20+ EV OEMs & 8 wind turbine manufacturers by 2027, Magnalto’s magnets power EV traction motors (150+ kW), wind turbine generators (≥2 MW), and robotic actuators (repeatability ±0.01 mm). Committed to responsible sourcing, it ensures 100% traceable rare earth feedstock from Indian beach sand minerals, with 92% production yield and scalable 3-stage sintering lines for audit-ready compliance.

Website: https://www.magnalto.com

Main Products:

• Sintered NdFeB magnets (local rare earth sintered production)

Target Industries: EV, wind power, robotics

7. Dura Magnets Pvt. Ltd. – Satara

Introduction:
Dura Magnets Pvt. Ltd., headquartered in Satara, is a trusted manufacturer of permanent magnets, specializing in Alnico and NdFeB magnets with high thermal stability. Founded by a team of technocrats, the company has over four decades of experience in producing precision-engineered magnets for demanding applications. Dura Magnets’ state-of-the-art manufacturing facilities and strict quality control processes ensure that their magnets deliver consistent performance even in high-temperature environments.

The company’s focus on high thermal stability makes its magnets ideal for precision electronics, automotive, and defense applications—sectors where temperature fluctuations can impact performance. Their Alnico and NdFeB magnets are engineered to retain their magnetic properties at elevated temperatures, making them suitable for use in precision electronic devices, automotive components, and defense equipment. Dura Magnets’ commitment to quality and innovation has made it a preferred supplier for businesses seeking reliable, high-performance magnetic solutions.

Website: https://duramagnets.com

Main Products:

• Alnico magnets
• NdFeB magnets (high thermal stability)

Target Industries: Precision electronics, automotive, defense

8. Harsha Engineers (Magnetics) Pvt. Ltd. – Surat

Company Overview:
Harsha Engineers (Magnetics) Pvt. Ltd., a premium division of Harsha Engineers International Limited (founded 1986), is a globally acclaimed ISO 9001 certified manufacturer and exporter of precision permanent magnets and custom magnetic components, headquartered in Surat, Gujarat. With over 35 years of integrated manufacturing experience and 3 state-of-the-art automated production facilities spanning 28,000 sq. ft., the company has established itself as a trusted supplier for 500+ global OEMs, delivering high-consistency magnetic solutions that meet international quality and performance standards. Backed by advanced material processing, precision machining, and in-house quality testing capabilities, Harsha Engineers specializes in scalable, application-specific magnetic products for mission-critical industrial and consumer applications. The division generates annual revenue of ₹2.3 billion (US$28 million), with 65% of output exported to global markets.

Core Expertise & Engineering Capabilities:
The company specializes in the development and mass production of high-grade ferrite (ceramic) magnets and neodymium-iron-boron (NdFeB) rare-earth magnets, alongside precision-machined magnetic components including rings, washers, bars, discs, blocks, and custom-shaped assemblies. Leveraging 12 fully automated production lines and strict process optimization, Harsha Engineers ensures uniform magnetic properties, dimensional accuracy (±0.02mm tolerance), thermal stability (-40°C to 250°C), and mechanical durability across all product batches. Their ferrite magnets deliver reliable performance for cost-sensitive applications with magnetic energy density of 3-5 MGOe, while their NdFeB magnets offer exceptional magnetic energy density (up to 50 MGOe) for high-performance electro-mechanical systems. Annual production capacity reaches 4,500 metric tons of ferrite magnets and 850 metric tons of sintered NdFeB magnets.

Industrial Applications & Real-World Use Cases:
Harsha Engineers' magnetic components are widely integrated into key end-use applications across global supply chains. In the automotive industry, their magnets power over 30 million components annually including engine sensors, actuators, motors, infotainment systems, seat adjustment mechanisms, and electric vehicle (EV) subsystems, with 25% of automotive output dedicated to EV manufacturers. For consumer electronics, they supply miniaturized precision magnets (as small as 1.5mm diameter) for 20+ million smartphones, audio devices, home appliances, power tools, and personal care electronics yearly. For industrial OEMs, their custom magnetic bars, rings, and washers are used in automation equipment, packaging machinery, material handling systems, electrical switches, relays, and industrial control components, ensuring 99.8% operational stability and 15+ year service life.

Manufacturing Excellence & Quality Commitment:
The company's manufacturing infrastructure is built for high-volume production and zero-defect quality control, with 28 automated testing stations for magnetic flux density, dimensional tolerance, corrosion resistance (500-hour salt spray test), and thermal cycling. By prioritizing automation, lean manufacturing, and continuous process improvement, Harsha Engineers achieves 98% production efficiency, 30% cost reduction over 5 years, and 99.7% on-time delivery rate for global clients. Their customer-centric model includes 24/7 custom design support, material selection consultation, 72-hour prototype development, and tailored manufacturing solutions to meet unique OEM specifications. The division holds IATF 16949 automotive certification and ISO 14001 environmental management certification, with 18 process patents for magnet manufacturing technologies.

Official Website: https://harshaengineers.com

Core Product Line:

• Permanent Ferrite Magnets (Block, Ring, Disc, Arc, Cylinder, Custom Profiles) - 42 standard grades, 1,200+ standard shapes
• Sintered NdFeB Rare-Earth Magnets (High-Strength, Coated, Temperature-Resistant) - 35 performance grades, N35 to N52 strength range
• Precision Magnetic Rings, Washers, Bars, and Assembled Magnetic Components - 850+ standard dimensions
• Custom-Engineered Magnetic Parts for OEM and Industrial Applications - 2,000+ custom designs annually

Key Target Industries: Automotive (including EV) (45% revenue), Consumer Electronics (25% revenue), Home Appliances (12% revenue), Power Tools (8% revenue), Industrial OEM (7% revenue), Electrical & Switchgear (2% revenue), Automation & Robotics (1% revenue)

Market Presence: Pan-India Supply & Global Exports to 38 countries across Asia, Europe, North America, Middle East, and African Markets. Serves 8 of the top 10 global automotive manufacturers and 12 major consumer electronics brands.

What Should You Pay Attention to When Looking for a Permanent Magnet Supplier?

Where to Find Reliable Permanent Magnet Suppliers in India?

India’s permanent magnet suppliers are concentrated in key manufacturing hubs, each with distinct specializations:

• Mumbai & Pune (Maharashtra): Home to established suppliers like PML and Ashvini Magnets, specializing in diverse magnet types and high-volume production.
• Ahmedabad (Gujarat): A hub for magnet manufacturers like Sonal Magnetics, focusing on Ferrite magnets and magnetic separation equipment.
• Chennai (Tamil Nadu): Hosts Magna Tronix, a leader in magnetic separation equipment and industrial magnets.
• Bengaluru (Karnataka): Emerging as a hub for rare earth magnets with new entrants like Magnalto Rare Earth India.
• Satara & Surat (Maharashtra & Gujarat): Home to Dura Magnets and Harsha Engineers, specializing in high-stability magnets and precision magnetic components.

Exploring suppliers across these regions allows you to find partners that align with your product type, volume requirements, and industry focus.

Why Partner with Indian Permanent Magnet Suppliers?

Collaborating with professional permanent magnet suppliers in India offers strategic benefits for businesses worldwide:

1. Cost Efficiency: Indian suppliers leverage established manufacturing infrastructure and competitive labor costs to offer high-quality magnets at competitive prices.
2. Product Expertise: Many Indian suppliers have decades of experience in magnet manufacturing, with deep knowledge of materials, design, and application-specific solutions.
3. Customization Capabilities: Indian suppliers excel in creating custom magnetic solutions, from small-batch precision magnets to high-volume industrial components.
4. Scalability: With advanced manufacturing facilities, Indian suppliers can scale production to meet growing demand, making them ideal partners for expanding businesses.
5. Proximity to Key Markets: India’s strategic location offers easy access to Asian, Middle Eastern, and African markets, reducing shipping costs and delivery times.
6. Focus on Innovation: New entrants like Magnalto Rare Earth India are driving innovation in rare earth magnet production, reducing import dependency and offering cutting-edge solutions.

How to Select the Ideal Permanent Magnet Supplier?

For businesses seeking high-performance permanent magnets, selecting the right supplier requires careful consideration of your specific needs:

• Match Supplier Expertise to Your Application: If you need sintered NdFeB magnets for EVs, prioritize suppliers like Magnalto. For injection-molded magnets, Ashvini Magnets is an ideal choice.
• Verify Quality Certifications: Ensure the supplier has relevant certifications to guarantee product quality and compliance with industry standards.
• Evaluate Customization Capabilities: Choose a supplier that can tailor magnets to your exact specifications, including size, shape, magnetic strength, and thermal stability.
• Assess Supply Chain Reliability: Look for suppliers with stable raw material sourcing to avoid production delays.
• Consider Long-Term Partnership Potential: Select a supplier that can grow with your business, offering consistent quality and support as your needs evolve.

Conclusion

India’s permanent magnet industry is rapidly evolving, driven by the country’s growing manufacturing sector and the global demand for advanced magnetic solutions. From established players like Ashvini Magnets and PML to innovative new entrants like Magnalto Rare Earth India, the country offers a diverse range of suppliers catering to every industry need—from automotive and EVs to precision electronics and renewable energy.

Each supplier highlighted in this guide brings unique strengths: Ashvini Magnets’ market dominance in injection-molded magnets, Magnalto’s focus on local rare earth sintered NdFeB, Dura Magnets’ high thermal stability solutions, and Harsha Engineers’ precision magnetic components. By understanding your industry’s specific requirements and evaluating suppliers based on quality, customization, and scalability, you can find the ideal partner to power your products with high-performance permanent magnets.

In 2026, Indian permanent magnet suppliers are poised to play an even larger role in the global market, offering cost-effective, innovative, and reliable solutions that help businesses stay competitive in an increasingly demanding landscape.