Every engine that runs hot needs something to keep it cool, and for more than six decades, one Vadodara company has quietly made that its life’s work. Banco Products (India) Ltd, founded in 1961, builds the engine cooling systems and sealing gaskets that keep trucks, tractors, construction machines and generators running across India and far beyond.
The company’s story began in Bil, on Padra Road near Vadodara, with a simple, ambitious idea: India should make its own world-class engine components. From that base, Banco grew into a leader in engine cooling and sealing systems for automotive and industrial applications, combining design and engineering excellence with a deep commitment to quality.
Two crafts, mastered side by side
Banco’s portfolio rests on two pillars. The first is engine cooling systems — radiators, intercoolers, oil coolers and charge air coolers, engineered to pull heat away from hard-working engines in every climate and duty cycle. The second is gaskets and heat shields — the invisible, precision parts that seal an engine against extreme heat and pressure, including cylinder head gaskets built to survive the fiercest conditions inside a combustion chamber.
What sets Banco apart is how much of this it does itself. The company describes its approach as bespoke engineering: its experts work with customers to understand their real, practical needs and co-create solutions around them. Behind that sits integrated manufacturing — an in-house raw material processing plant, a state-of-the-art research and testing facility, and advanced production lines, all under one controlled environment. Its research and development capabilities, including test equipment and design software, are continuously upgraded to keep pace with modern engineering practice.
A footprint across India, a reach across the world
From its Vadodara home, Banco now operates plants at Bil and Waghodia in Gujarat, and at Jamshedpur, Rudrapur and Zaheerabad — a manufacturing network that serves automotive and industrial customers across the country, backed by a centralised warehouse at Vadodara and strategically located warehouses across India.
The company’s ambitions have long crossed borders. In 2011, Banco acquired Nederlandse Radiateuren Fabriek of the Netherlands, a European heat-transfer specialist, bringing international engineering and markets into the fold. Today, the company says it is a Government-recognised export house, and its products travel to customers around the world.
More Read
Numbers that tell a story of steady strength
The company says its standalone sales rose to ₹1,226 crore in the financial year ended March 2026, up from ₹1,087 crore the previous year, with profit after tax of ₹419 crore. On a consolidated basis, the company reported revenue of ₹3,896 crore for FY26. It is a listed company on both the BSE and the NSE, and a certified IATF 16949 manufacturer — the automotive industry’s demanding quality benchmark.
Sixty-five years on, Banco remains what it set out to be: an Indian engineering company that takes on one of the hardest, least glamorous jobs in motoring — keeping engines cool and sealed — and does it so well that the world’s vehicles keep moving. The next time a truck climbs a ghat road, a tractor works a field, or a generator hums through a power cut, there is a good chance a little bit of Vadodara is inside, doing its quiet, essential work.
Keep reading: Sealing India’s Engines Since 1956: Inside Talbros Automotive Components and The Spring Beneath Every Indian Truck: Inside Jamna Auto Industries — and explore more stories in the Industry Leaders series, celebrating established Indian companies building world-class engineering.
Like stories like this? Add Exceptional Technology as a preferred source on Google to see more of our reporting in your search results and Discover feed.
