VE Commercial Vehicles Limited
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VE Commercial Vehicles Limited - overview
Established
2008
Location
Gurgaon, Haryana, India
Primary Industry
Automobiles, Other Vehicles & Parts
About
Based in Haryana, India, and founded in 2008 as a joint venture between Volvo Group and Eicher Motors, VE Commercial Vehicles Limited, aka VE Commercial Vehicles (VEVC), operates as a commercial transportation producer and distributor of medium- and heavy-duty trucks, buses, and engineering components. The company also manufactures non-automotive products, such as engines for commercial vehicle industries. As of 2022, Vinod Aggarwal is the Managing Director and Chief Executive Officer of VE Commercial Vehicles Ltd. (VECV).
VE Commercial Vehicles (VEVC) provides buses and trucks with categories ranging from sub-5-ton to light duty, medium duty, and tripper. The company also manufactures gears and shafts, transmission assemblies, and auxiliary aggregates. The firm produces engines for power generation, industrial applications, and transmission, including engines. As of 2022, the company provides products for industries such as mining and coal, construction and infrastructure, education, and travel.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.vecv.in
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
VE Commercial Vehicles Limited - financials
| Fiscal Year Ended | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 53,477,200,000 | 49,527,000,000 | 57,580,600,000 | - | 96,239,400,000 | 85,493,900,000 | 100,493,600,000 | 115,999,400,000 | - | - | - |
| % Revenue Growth (YoY) | - | (7.4%) | 16.3% | - | - | (11.2%) | 17.5% | 15.4% | - | - | - |
| EBITDA (USD) | 4,051,000,000 | 4,019,400,000 | 3,928,100,000 | - | 7,708,200,000 | 6,876,800,000 | 9,189,600,000 | 9,880,700,000 | - | - | - |
| Operating Income (USD) | 3,400,800,000 | 3,028,500,000 | 2,231,500,000 | - | 4,684,400,000 | 4,179,800,000 | 5,964,400,000 | 6,140,300,000 | - | - | - |
| Operating Margin | 6.4% | 6.1% | 3.9% | - | 4.9% | 4.9% | 5.9% | 5.3% | - | - | - |
| % EBITDA Margin | 7.6% | 8.1% | 6.8% | - | 8.0% | 8.0% | 9.1% | 8.5% | - | - | - |
| NET Income (USD) | 3,302,500,000 | 2,890,900,000 | 1,894,300,000 | - | 3,817,200,000 | 3,482,900,000 | 4,716,200,000 | 4,750,000,000 | - | - | - |
| % Net Margin | 6.2% | 5.8% | 3.3% | - | 4.0% | 4.1% | 4.7% | 4.1% | - | - | - |
VE Commercial Vehicles Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | AB Volvo | - |
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