KRYFS Power Components Limited is India's FIRST ISO 9001 accredited Transformer Core manufacturer. It was established as KRYFS Laminations (P) Ltd. in 1991 and commenced operations at its 1st factory in Palghar in December 1992.

Today KRYFS has two modern plants, one located at Palghar in Maharashtra (80kms North of Mumbai city) and other at Kherdi in Dadra Nagar Haveli (140kms North of Mumbai city). As of 2009, KRYFS is India's largest company manufacturing Transformer Core having an installed capacity of approximately 30,000 M.T. of Transformer Cores, Wound Cores, Built up Cores.