About us

About us

BANCO: Born of enterprise

Born of entrepreneurial spirit in 1961, Banco Products (India) Ltd. has today carved a niche for itself as a leader in the business of engine cooling and sealing systems both for automotive and industrial applications. We combine the power of innovation and commitment to quality to create high-performance solutions for our customers.

Engine cooling systems

The product range for engine cooling systems include Radiators, Charge air coolers, Oil coolers – Transmission & hydraulic, Fuel coolers, Battery coolers, Inverter coolers, in Aluminium and copper/brass configurations and accessories expansion tanks, Fan motor assembly, Fan shroud and guard and miscellaneous mounting and plumbing accessories.

Engine sealing systems

Product range includes Engine cylinder head and peripheral gaskets, Heat shields and Industrial gasket with a wide material range and sizes for demanding applications of sealing. Materials include – Multi-layered steel (MLS), Graphite composite gaskets, Steel fiber composite gaskets, Compressed fiber joining sheet gaskets, Rubber cork gaskets, Rubber pre-coated beaded gaskets, Edge molded gaskets and Copper gaskets.

Expanding footprints

Banco Products (India) Ltd. established in 1961 as a private limited company, Banco 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.

Banco plants are certified to QS 9000 and ISO/9001 quality systems:

Plants and subsidiaries

Banco Products (India) Limited – Bhaili

Spread over an area of 50,000 square meters, the integrated plant at Bhaili produces over 1.5 million cooling system components.

Banco Products (India) Limited (SEZ Unit) – Waghodia

The plant set up at special economic zone – Waghodia manufactures a wide range of cooling system products for global markets.

Banco gaskets (India) ltd.

BGIL plant at Ankhi near Vadodara produces a comprehensive range of gaskets with annual capacity exceeding 100 million gaskets.

Nederlandse Radiateuren Fabriek B. V. (NRF)

In 2010, Banco acquired 100% shares of Nederlandse Radiateuren Fabriek B. V. (NRF). NRF was established in 1927 and is a leading European manufacturer of automotive, industrial, railway and marine heat transfer products. NRF’s manufacturing and distribution companies are located in all the major Western European countries. The large variety of heat transfer solutions, multiple fin systems and highest quality standards in copper and aluminium radiators make NRF a trusted brand worldwide. The combination of flexible manufacturing methods, craftsmanship, enthusiasm, and passion result in an outstanding quality.

Market segments

It includes Passenger cars, Two/Three wheelers, Utility vehicles, Commercial vehicles-light/medium and heavy, Agriculture tractors, Farm and forestry equipment, Construction and material handling, Industrial power gen, Stationary and mobile compressors, Railways traction locomotives, Transformer coolers, Renewable – the wind and solar.


Banco is a preferred choice of OEM both in India and abroad as a design and manufacturing partner where all the facilities are housed under one roof providing a seamless flow of activities from idea to implementation. This USP of Banco helps customers realize products in a shorter time without sacrificing the stringent processes both in the development of new parts and serial production.

Proprietary Design and FEA -Simulation software backed by a data bank of experience and an expertise spanning more than 50 years make Banco a preferred destination. Bearing testimony to our credentials, today Global OEM’s CAT, CUMMINS, TATA, SAME DEUTZ, MAHINDRA etc. consult us for our engine cooling products, modules, systems and accessories needs.


Banco products in the aftermarket are represented by brands ” BANCO” and “NRF” popular in their distribution chain with a wide range, prudent quality and efficient service all the time. National and Global footprint supported by stable distributors, dealers, and strategic warehouses at key locations ensuring availability and ease of transaction. Customized training, effective promotional campaigns and product brochures are also part of our dedicated aftermarket program. Both engine cooling and sealing are critical areas and Banco ensures not only tested and qualified products but also assures its network of distributors, retailers, engine mechanics and re-conditioners on products, pricing, and performance.


Banco products are being exported to a number of countries across continents. It also has a strong presence in the European markets through its wholly subsidiary NRF with three manufacturing units and 11 warehousing and distribution locations across the Europe and the USA.

Quality no.1 priority

Our design and development department have perfected the process of co-creating products and performance as an extended team of customers. The faculties are aided by modern CAD/CAM/CAE tools such as AutoCAD/ ANSYS/PRO-E/CFD/CREAO and in its product and process, development encompassing the rigorous application of Feasibility Analysis/DFMEA/PFMEA the team initiate quality system in the planning phase and monitor the project progress.

The assured process, environment-friendly manufacturing methods, fool proof low-cost automation, operator controls supported by accurate measuring techniques and regular audits both self and third party ensure a high level of quality and awareness.

Our systems are qualified and certified to ISO-9001: And ISO-14001 for all our plants.

To achieve our aim of customer satisfaction through the collective commitment of our employees across the whole value chain we will focus on:

  • Establishment of right and stringent specs for products and process
  • Deploying latest and proven technologies on robust design principles
  • Strive for continual improvement
  • Implement superior methods and techniques to monitor quality levels
  • Provide prompt after sales service as per SLA

We are BANCO

The Banco DNA

The company’s management and all its employees are united by shared values. These values stand for what drives us forward and what forms the basis of our actions, engagement, and commitment to all our stakeholders.


Our creativity, our constant search to find new solutions to our customers’ needs drives our actions. A thorough understanding of customers’ requirements helps us to tailor our products and offer customized solutions. We invest in research and in new technologies, constantly improve our products and thus remain well-prepared to meet growing functional and environmental expectations of the future.

Passion for performance

With an eye on top performance, we try hard, we overcome adversities and never let up in our excellence endeavors. So whether it is about meeting high-quality standards or about meeting stringent delivery expectations of our customers, we give our best. In whatever we do, we are passionate about creating and adding value for all our stakeholders.

Team spirit

For us at Banco, teamwork means everything, as we stand united, rely on each other, and complement each other’s efforts with a single-minded purpose of bringing success for Banco, customers and all its shareholders We enable and encourage each other, share our knowledge, act cohesively and celebrate our success together. We encourage partnership with customers and supply chain partners towards our common goal of building a better tomorrow.