Permanent Magnets Limited engages in the manufacture and sale of alnico cast magnets and yoke assemblies, parts, and accessories of electricity and electric vehicles worldwide. It offers soft magnetic and cobalt iron alloys, U-shields and laminated flux concentrators, shunt assemblies for energy meters, brass terminals, automotive shunts, current transformers for energy meters, residual current circuit breakers, core balance current transformers, and amorphous cut and nano crystalline cores, as well as evaluation kits, meters, and probes. It also provides magnetic separators and sweepers, magnetic welding clamps, self-cleaning systems, holding magnets, lifting and cleaning magnets, office and workshop magnets, material handling and retrieving magnets, magnetic grills, alnico magnets, and magnetic assemblies; mumetal sheets and foils; tesla/gauss meters; demagnetizers; relay components; rotor and stator assemblies for BLDC motors; busbar and assemblies; and automotive components, as well as magnetic shield lab kits. In addition, it is involved in the provision of design services for various current sensing components and modules; heat treatment services, such as dry hydrogen and vacuum annealing; melting services for ingot manufacturing, scrap powder and grinding, alloy powders, and tungsten and tungsten carbide powders; and die casting and calibration services. The company serves EV/HEV, renewable energy, aerospace, defense, medical, energy meter, food, pharmaceutical/chemical, cement and steel, and paper/textiles industries. The company was incorporated in 1960 and is based in Thane, India.