Magnetec mangal is a 50:50 joint venture company between Mangal Ltd and Magnetec GmbH of Germany manufacturing toroidal cores with nickel iron (mumetal), silicon iron, nanoacrystalline and amorphous materials and is situated at Gurgaon, near New Delhi India. Magnetec Mangal today services customer across the globe and has global leaders in the low tension electrical and elctronics industry as its key customers