- Business
- India Radiators Ltd. manufactures automobile components including radiators, heat exchangers, oil coolers, radiator assemblies for mining equipment, aerofoil axial fans, and coal bed methane cooler assemblies; it offers related sub-assembly services for automotive parts. Incorporated in 1949 and headquartered in Chennai, Tamil Nadu, India, the company operates primarily in the auto components sector with a focus on heat transfer solutions for vehicles and industrial applications. Following financial difficulties and declaration as a sick industrial company by BIFR in 2000, it shifted to the business of renting properties in Chennai, becoming a subsidiary of Mercantile Ventures Ltd. after investor funding for settlements with workers and creditors; trading resumed on BSE in October 2021 under scrip code 505100. In April 2025, the board approved a scheme of amalgamation with Mercantile Ventures Ltd., receiving BSE's no-adverse-observation letter on October 14, 2025, to proceed with NCLT filing under Sections 230-232 of the Companies Act, 2013.