Magnets may look like small industrial parts, but they are used in many important products around us. Electric motors, speakers, sensors, medical devices, cranes, conveyors, recycling plants, food-processing machines, mining equipment, EVs, wind turbines and defence systems all need different types of magnets. Some magnets are simple ferrite magnets, while others are high-power neodymium, samarium cobalt or industrial electromagnets.
India’s magnet industry is growing because demand is rising from EVs, electronics, automation, renewable energy, steel plants, recycling and mineral processing. The country has also approved a large rare-earth permanent magnet manufacturing programme to reduce import dependence and support sectors like EVs, aerospace, defence and renewable energy.
For this 2026 list, the ranking is based on product range, manufacturing strength, market visibility, industrial use, rare-earth relevance, magnetic equipment capability and importance in India’s magnet sector.
Now let’s check out the top 10 magnet manufacturers in India in 2026.
1. Permanent Magnets Limited
Permanent Magnets Limited is one of India’s most important names connected with permanent magnets and magnetic assemblies.
Permanent Magnets Limited deserves the first position because it is one of the few Indian companies whose core identity is strongly connected with magnet-based products. The company is known for permanent magnets, magnetic assemblies and precision magnetic solutions used in electrical, automotive, metering, instrumentation and industrial applications.
Its importance comes from its specialised focus. Many companies in India make magnetic equipment, but fewer companies are deeply connected with permanent magnet products and assemblies. As India moves toward EVs, sensors, smart meters and electronics, such companies become more valuable.
2. IREL India
IREL India is important because it is connected with India’s rare-earth permanent magnet manufacturing push.
IREL India, earlier known as Indian Rare Earths Limited, is a government-owned rare-earth company. It works in rare-earth minerals and value-added rare-earth products. Its rare-earth permanent magnet plant at Visakhapatnam is especially important because it produces samarium-cobalt permanent magnets using indigenous technology.
IREL’s role is different from regular industrial magnet makers. It is more connected with strategic rare-earth materials and advanced permanent magnet development. As India tries to reduce dependence on imported rare-earth magnets, IREL will remain one of the most important names in this sector.
3. Kumar Magnet Industries
Kumar Magnet Industries is a strong Ahmedabad-based manufacturer of permanent magnetic equipment and magnetic separators.
Kumar Magnet Industries is one of the visible Indian companies in magnetic separation and industrial magnetic equipment. The company says it was established in 1986 and manufactures products such as magnetic separators, magnetic destoners, rare-earth magnets, magnetic pulleys, wet drum magnetic separators, eddy current separators and related equipment.
Kumar Magnet is important because its products are used in industries such as food, textile, chemical, plastics, grain, oil, recycling and mineral processing. Its wide product list makes it one of India’s major names in industrial magnet-based equipment.
4. Jaykrishna Magnetics
Jaykrishna Magnetics is a known Indian manufacturer of magnetic separators and magnetic separation systems.
Jaykrishna Magnetics is widely connected with magnetic separators, vibratory equipment, electrostatic separators, eddy current separators and material separation systems. The company serves industries such as recycling, food processing, chemicals, ceramics, mining, plastics and metal separation.
Its strength lies in magnetic separation technology. In India, many industries need magnets not just as small parts, but as machines that remove iron contamination, separate valuable metals and improve product purity. Jaykrishna Magnetics fits strongly in this industrial segment.
5. Star Trace India
Star Trace India is a Chennai-based manufacturer and supplier of magnetic equipment, separators and lifting magnets.
Star Trace India has a wide range of magnetic products. Its listed product categories include magnetic equipment, magnetic separators, lifting magnets, industrial magnets, NDFEB magnets, plate magnets, hump magnets, magnetic pulleys and related mineral-processing equipment.
Star Trace is important because it serves both magnetic equipment and mineral-processing needs. Its products are useful in mining, recycling, material handling, food processing, industrial plants and metal recovery applications. This gives it a strong place in India’s magnet equipment market.
6. Electro Magnetic Industries
Electro Magnetic Industries is a strong name in lifting magnets, electromagnetic separators and magnetic handling systems.
Electro Magnetic Industries is associated with magnetic equipment used in steel plants, foundries, recycling units, fabrication shops and material handling. Its products generally include lifting magnets, electromagnetic separators, magnetic chucks, demagnetizers and magnetic handling systems.
The company is important because heavy industries need magnets that can lift, hold or separate metal safely. Scrap yards, steel plants, machine shops and engineering units use such products every day. This makes Electro Magnetic Industries a useful name in India’s industrial magnet sector.
7. Jupiter Magnetics
Jupiter Magnetics is an important Indian magnetic equipment manufacturer serving separation and material-handling applications.
Jupiter Magnetics is known for magnetic separators, industrial magnets, magnetic plates, magnetic drums, magnetic pulleys and custom magnetic systems. Its products are useful for industries where iron contamination removal and metal separation are important.
The company deserves a place because magnetic separation is one of the biggest industrial uses of magnets in India. Food grains, chemicals, plastic granules, minerals and recycling material often pass through magnetic separators before further processing. Jupiter Magnetics is one of the recognised names in this field.
8. Erich Magnetics
Erich Magnetics is a visible Indian manufacturer of magnetic separators, lifting magnets and electromagnetic systems.
Erich Magnetics is connected with magnetic equipment used in steel, cement, coal, recycling, foundry, chemical and material-handling industries. Its product area includes lifting magnets, magnetic separators, suspension magnets, magnetic pulleys and industrial electromagnetic systems.
Erich Magnetics is important because industrial magnets must work in tough conditions. In sectors like steel and scrap handling, magnets need strength, heat resistance and reliability. Companies like Erich support this heavy-duty requirement.
9. Shree Magnet & Equipments
Shree Magnet & Equipments is a known Indian supplier of magnetic separators and industrial magnetic products.
Shree Magnet & Equipments is connected with products such as magnetic separators, grill magnets, drawer magnets, plate magnets, hopper magnets, magnetic rods and industrial magnetic systems. These products are commonly used in food, pharma, chemicals, plastics, ceramics and processing industries.
Its importance comes from the contamination-removal market. Even a small iron particle can damage machinery or affect product quality. Magnetic filters and separators from companies like Shree Magnet help industries maintain cleaner and safer production.
10. Lohum Cleantech
Lohum Cleantech completes the list as a future-focused company connected with rare-earth permanent magnet manufacturing in India.
Lohum is better known for battery recycling and clean-tech materials, but it has become important in the magnet ecosystem because of India’s electronics component manufacturing programme. Reuters reported that Lohum Cleantech secured approval to produce rare-earth permanent magnets from rare-earth oxide, marking India’s first such project under the approved electronic component proposals.
Lohum’s role is future-facing. India needs local rare-earth permanent magnets for EV motors, electronics, wind turbines, defence and aerospace. If Lohum scales this project successfully, it can become one of the most important names in India’s advanced magnet manufacturing space.
Final Words
India’s magnet manufacturing industry in 2026 is led by a mix of permanent magnet makers, rare-earth companies and industrial magnetic equipment manufacturers. Permanent Magnets Limited, IREL, Kumar Magnet Industries, Jaykrishna Magnetics, Star Trace India, Electro Magnetic Industries, Jupiter Magnetics, Erich Magnetics, Shree Magnet and Lohum Cleantech are important names in this space. As EVs, electronics, recycling, automation and renewable energy grow, magnet manufacturers will become even more important for India’s industrial future.
