Banco Products (India), part of Banco Group of Companies, is a trusted name in the automotive components industry with a strong legacy of innovation, quality, and global presence. The company specializes in manufacturing engine cooling and sealing systems, catering to a diverse range of domestic and international Original Equipment Manufacturers (OEMs) and aftermarket clients. The resilience of the company is further enhanced by its three wholly owned subsidiaries: NRF Holding B.V. (Formerly known as Nederlandse Radiateuren Fabriek B.V.), a prominent player in the European thermal management market; Banco Gaskets (India) Limited, focused on specialized gasket manufacturing and domestic market growth; and Banco New Energy Cooling Systems Limited, driving forward the Group's commitment to future-ready, energy-efficient thermal technologies. Together, these entities form a synergistic global network that underpins sustained growth and innovation.

The company, established in 1961 as a private limited company, has regularly expanded its footprint, product scope and has added new plants and capacities. The company was listed on the Indian stock exchange in 1987. The company is recognized as Star Export House by Ministry of Commerce and Trade, Government of India. The company has regularly invested in establishing world-class research and development capabilities. The company’s R&D Centre at Vadodara is recognized as by the Department of Science, Government of India.

Business area of the company 

The company is a leading designer and manufacturer of high-performance engine cooling modules catering to the automotive, off-highway, and industrial segments. With a legacy spanning over decades, the company continues to deliver innovative, application-engineered solutions to OEMs and the automotive aftermarket, both domestically and globally. 

Product Portfolio

Core Products:

• Radiators
• Charge Air Coolers
• Fuel Coolers and Oil Coolers
• AC Condensers
• De-Aeration Plastic Tanks
• Metal Layered Gaskets
• Elastomeric Moulded Gaskets

Milestone

• 1961: Started as a private company
• 1969: Engine cooling module for 3000hp traction locomotive
• 1987: Listed on Indian stock exchange
• 1996: ISO-9002 certification
• 2002: ISO/TS-16949 certification
• 2003: Standard Aluminum radiator production
• 2007: recognized STAR export house
• 2010: Acquired 100% shares of NRF B. V. Netherlands
• 2012: Started SEZ Plant with capacity to produce 1 million unit p.a. for exports
• 2013: New Aluminum Radiator Plants for Domestic OEM and after-market 
• 2014: Development & Production of all Aluminum Brazed Products
• 2015: Initializing of NRF USA
• 2016: Development & production of EGR (Exhaust Gas Recovery) Cololers 
• 2019: Completed the transaction for sale of shares in Lake Minerals (Mauritius), Mauritius to Agro Scientific Investments, Mauritius.
• 2021: Incorporated wholly owned subsidiary company namely ‘Banco New Energy Cooling Systems’.
• 2025: Nederlandse Radiateuren Fabriek B.V. (NRF) opened a new production facility in Panattoni Park Gdansk West II, Poland.
• 2025: Nederlandse Radiateuren Fabriek B.V. (NRF) has opened an office and established a legal entity in Istanbul Turkey, called NRF TURKEY OTOMOTIV TICARET ANONIM SIRKETI.