Action Construction Equipment

Last updated

Action Construction Equipment Ltd.
ACE
FormerlyAction Construction Equipments Private Limited (1995–2005)
Action Construction Equipments Limited (2005–2006)
Type Private Company
BSE:  532762
NSE:  ACE
Industry Heavy Equipment
Founded1995
FounderVijay Agarwal
Headquarters Faridabad, India
Area served
Worldwide
Key people
Vijay Agarwal
(Chairman & Managing Director)
Sorab Agarwal
(Executive Director)
ProductsAgri equipment, crawler cranes, concrete placing booms, bulldozers, tractors, pick and carry cranes, backhoe loaders, forklift trucks, piling rigs, vibratory rollers, tower cranes, road rquipments, warehousing equipment
Revenue₹ 1352 crores
Number of employees
3300+
Website www.ace-cranes.com

Action Construction Equipment Ltd. is an Indian material handling and construction equipment manufacturing company, incorporated in 1995. [1] [2] [3] [4]

Contents

The company has eight manufacturing sites in Faridabad, Haryana, [5] with a research and development in Faridabad district, [5] and has a manufacturing capacity of 12000 construction equipment and 9000 tractors annually. [6] Their product portfolio is divided into four main categories: agricultural equipment, construction equipment, road construction equipment, and earth-moving machinery, [7] mainly catering to Asia-Pacific, Africa and Latin America regions. [8] [9]

In 2019, the company was ranked at #223 in Fortune magazine's "Next 500" list of midsized Indian companies. [10]

Timeline

Awards and recognition

Related Research Articles

<i>The Times of India</i> Indian English-language daily newspaper

The Times of India, also known by its abbreviation TOI, is an Indian English-language daily newspaper and digital news media owned and managed by The Times Group. It is the fourth-largest newspaper in India by circulation and largest selling English-language daily in the world. It is the oldest English-language newspaper in India, and the second-oldest Indian newspaper still in circulation, with its first edition published in 1838. It is nicknamed as "The Old Lady of Bori Bunder", and is an Indian "newspaper of record".

<span class="mw-page-title-main">Faridabad</span> Metropolitan City in Haryana, India

Faridabad(Hindi pronunciation:[fəɾiːdɑːbɑːd]) is the most populous city in the Indian state of Haryana and a part of Delhi National Capital Region. It is one of the major satellite cities around Delhi and is located 284 kilometres south of the state capital Chandigarh. The river Yamuna forms the eastern district boundary with Uttar Pradesh. The Government of India included it in the second list of Smart Cities Mission on 24 May 2016. Faridabad has been described as the eighth fastest growing city in the world and the third in India by the City Mayors Foundation survey. As per the 2021 Delhi Regional Plan, Faridabad is a part of the (CNCR) Central National Capital Region or (DMA) Delhi metropolitan area.

<span class="mw-page-title-main">Larsen & Toubro</span> Indian multinational conglomerate company

Larsen & Toubro Ltd, abbreviated as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai & Technical services, headquartered in Chennai.The company is counted among world's top five construction companies. It was founded by Henning Holck-Larsen and Søren Kristian Toubro, who were two Danish engineers taking refuge in India.

<span class="mw-page-title-main">BEML</span> Indian heavy equipment manufacturer

BEML Limited, formerly Bharat Earth Movers Limited, is an Indian public sector undertaking which manufactures a variety of heavy equipment, such as that used for earth moving, railways, transport and mining. It is headquartered in Bangalore. BEML is Asia's second-largest manufacturer of earth moving equipment. Its stock trades on the National Stock Exchange of India under the symbol "BEML", and on the Bombay Stock Exchange under the code "500048".

The automotive industry in India is the fourth-largest by production in the world as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales. In 2022, India became the fourth largest country in the world by the valuation of its automotive industry.

<span class="mw-page-title-main">Vishal Gondal</span> Indian businessman

Vishal Gondal is an Indian entrepreneur and angel investor. He is the founder and CEO of GOQii.

<span class="mw-page-title-main">Mahindra & Mahindra</span> Indian automobile manufacturer

Mahindra & Mahindra Limited (M&M) is an Indian multinational automotive manufacturing corporation headquartered in Mumbai. It was established in 1945 as Mahindra & Mohammed and later renamed Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India. Its unit, Mahindra Tractors, is the largest manufacturer of tractors in the world by volume. It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018. Its major competitors in the Indian market include Maruti Suzuki India and Tata Motors.

<span class="mw-page-title-main">Tractors in India</span> Overview of Indian tractor industry

Tractors in India are a major industry and significant contributor to its agriculture output gains.

<span class="mw-page-title-main">Tata Hitachi Construction Machinery</span> Indian construction equipment company

Tata Hitachi Construction Machinery Company Pvt Ltd or THCMC is an India-based joint venture company between Tata Motors of India and Hitachi Construction Machinery of Japan. It was previously known as Telco Construction Equipment Co. Ltd. or Telcon for short.

<span class="mw-page-title-main">Mahindra Tractors</span> Indian farm equipment manufacturer

Mahindra Tractors is an Indian agricultural machinery manufacturer. It is part of the Mahindra & Mahindra corporation. In 2010, Mahindra became the world's highest-selling tractor brand by volume. Mahindra's largest consumer base is in India. It also has a growing market in North America and Australia. The company is the largest tractor manufacturer in India and has the capacity to build 150,000 tractors a year.

<span class="mw-page-title-main">Escorts Kubota Limited</span> Indian multinational automotive engineering and manufacturing conglomerate

Escorts Kubota Limited formerly Escorts Limited is an Indian multinational conglomerate that operates in the sectors of agricultural machinery, construction machinery, material handling, and railway equipment. Its headquarters are located in Faridabad, Haryana. The company was launched in 1944 and has marketing operations in more than 40 countries. Escorts manufactures tractors, automotive components, railway equipment, and construction and material handling equipment.

<span class="mw-page-title-main">Telenor India</span> Indian telecommunication company

Telenor (India) Communications Private Limited, formerly known as Uninor, was an Indian mobile network operator. The company was a wholly owned subsidiary of Norwegian telecommunications company Telenor Group. In February 2017, Telenor Group announced merging the India business with Bharti Airtel in a no-cash deal with liability of Airtel to take over the outstanding spectrum payments of Rs 1,650 crore post necessary regulatory approvals.

The Mumbai Trans Harbour Link, also known as the Sewri–Nhava Sheva Trans Harbour Link, (officially Shri Atal Bihari Vajpayee Trans Harbour Link) is an under-construction 21.8 km (13.5 mi) 6-lane access-controlled expressway grade road bridge, which will connect Mumbai with Navi Mumbai–Raigad, its satellite city. When completed, it would be the longest sea bridge in India. The bridge will begin in Sewri, South Mumbai, will cross Thane Creek north of Elephanta Island, and will terminate at Chirle near Nhava Sheva. The road will be linked to the Mumbai–Pune Expressway in the east and to the under-construction Coastal Road in the west. The 6-lane highway will be 27 meters in width, in addition to two emergency exit lanes, edge strip, and a crash barrier.

<span class="mw-page-title-main">Bajaj Group</span> Indian comglomerate

Bajaj Group is an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926. The group comprises 40 companies and its flagship company Bajaj Auto is ranked as the world's fourth largest two- and three-wheeler manufacturer. Other notable group companies include Bajaj Consumer Care, Bajaj Finance, Bajaj Finserv, Bajaj Energy, Bajaj Electricals, Bajaj Ventures, Bajaj Hindusthan, Bajaj Healthcare, Bajaj Steel Industries Ltd., Mukand, and Bajaj Holdings & Investment. The group has involvement in various industries that include automobiles, home appliances, lighting, iron and steel, insurance, travel and finance.Bajaj immensely benefited from license Raj due to their affiliation to Ruling dynasty.

Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.

<span class="mw-page-title-main">CNH Industrial</span> Italian-American multinational corporation

CNH Industrial N.V. is an Italian-American multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the multinational investment company Exor, which in turn is controlled by the Agnelli family. The company is listed on the New York Stock Exchange and on Borsa Italiana: it is a constituent of the FTSE MIB index. The company is incorporated in the Netherlands. The seat of the company is in Amsterdam, Netherlands, with a principal office in London, England.

The Dabhol – Bangalore Natural Gas Pipeline is a natural gas pipeline running from Dabhol, Maharashtra to Bangalore, Karnataka. It was commissioned on 3 December 2013 during the inaugural ceremony of the 8th Asia Gas Partnership Summit (AGPS). This project connected South India to the national gas grid for the first time. The project was constructed in a period of 19 months at an investment of 45 billion (US$560 million) with a design capacity of 16 million cubic metre per day at standard conditions of natural gas which can produce 3,000 MW of electric power.

Hari Krishna Exports Pvt. Ltd., also known as HK, is an Indian diamond conglomerate, headquartered in The Capital, Bandra Kurla Complex, Mumbai, India. It was established in 1992 by Savji Dholakia and his three brothers. The company has manufacturing units at Surat in Gujarat and its marketing and sales office in Mumbai.

The Delhi–Mumbai Expressway is a 1,350 km long, 8-lane wide under-construction access-controlled expressway connecting India's national capital New Delhi to its financial capital Mumbai. The foundation stone for the project was laid by union minister Nitin Gadkari in the presence of Sushma Swaraj and Arun Jaitley on 8 March 2019. The total project value including the land acquisition cost is around ₹1,00,000 crores. An additional 31 km long spur will also be constructed by the NHAI from Noida International Airport in Jewar to Sector-65, Faridabad on this expressway.

<span class="mw-page-title-main">DND–KMP Expressway</span> Part of Delhi–Mumbai Expressway in India

DND–Faridabad–KMP Expressway (NH-148NA) is an under-construction 59 km long, 6-lane wide access-controlled expressway in Delhi NCR, India. It will connect the junction of DND Flyway and Ring Road at Maharani Bagh in Delhi with KMP Expressway at Khalilpur, Nuh district in Haryana. Initially it was a separate expressway, but now it is a part of Delhi–Mumbai Expressway project. This expressway will have an additional 31 km long spur link from Sector-65, Faridabad bypass to Jewar Airport.

References

  1. "ACE focused on offering innovative crane solutions". B2B Purchase. Retrieved 30 July 2019.
  2. "History of Action Construction Equipment Ltd., Company". Goodreturn. Retrieved 30 July 2019.
  3. "ACE construction equipment". The Economic Times. 8 August 2006. Retrieved 30 July 2019.
  4. Mishra, Mohini (26 March 2012). "Crane manufacturing industry lifts up in Faridabad". The Economic Times. Retrieved 30 July 2019.
  5. 1 2 "India's Top Magazine on Construction, Infrastructure & Civil Engineering -- CE & CR". cecr.in. Archived from the original on 27 August 2019. Retrieved 26 August 2019.
  6. Mishra, Mohini (31 May 2012). "Faridabad's Tractor Inc shifts to top gear". The Economic Times. Retrieved 26 August 2019.
  7. "CONSTRUCTION EQUIPMENT – Action Construction Equipment (ACE)". MotorIndiaOnline.
  8. Bhat, Yashas. "Buy Action Construction Equipment" (PDF). lkpsec.
  9. A-303, ASAPP Info Global Services Pvt Ltd; Estates, Navbharat; Road, Zakaria Bunder; Sewri; Mumbai - 400 015; Maharashtra; Tel : 91-22-24193000, India. "Equipment India Magazine | Trimble introduces next-gen grade control for excavators and dozers". www.equipmentindia.com. Retrieved 26 August 2019.
  10. "Action Construction Equipments - Next 500 Ranking 2019 - Fortune India". www.fortuneindia.com. Retrieved 26 August 2019.[ permanent dead link ]
  11. "ACE Company History". Dynamic Levels. Archived from the original on 27 August 2019. Retrieved 26 August 2019.
  12. "Excon 2009 - A Wonderful Opportunity for Interaction". www.nbmcw.com. Archived from the original on 27 August 2019. Retrieved 26 August 2019.
  13. "Action Const. Equip: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Action Const. Equip - NDTV". www.ndtv.com. Retrieved 2 November 2023.
  14. "ACE to form JV with Italian firm Tigieffe - Times of India". The Times of India. Retrieved 26 August 2019.
  15. 1 2 "Emerging India Awards". emergingindiaawards.com. Retrieved 26 August 2019.
  16. Roy, Mithun (15 January 2007). "ACE board okays Romanian acquisition". DNA India. Retrieved 26 August 2019.
  17. http://www.forma-romania.ro/
  18. Roy, Debasish (28 September 2008). "Zoomlion and ACE, two to tango in India". The Economic Times. Retrieved 26 August 2019.
  19. "ACE Launches ACX 750 Crawler Crane". www.nbmcw.com. Archived from the original on 27 August 2019. Retrieved 26 August 2019.
  20. Khanna, S. K. "ACE – A Dominant Player in Crane Segment". www.nbmcw.com. Archived from the original on 27 August 2019. Retrieved 26 August 2019.
  21. 1 2 www.ETAuto.com. "Action Construction Equipment draws up big plans for tractor segment - ET Auto". ETAuto.com. Retrieved 26 August 2019.
  22. "Tractors in India", Wikipedia, 18 August 2019, retrieved 26 August 2019
  23. ""We are laying more emphasis on exports."". www.constructionworld.in. Retrieved 26 August 2019.
  24. "Midcap mania: Action construction equipment expects to improve margin on the basis of increase in price". cnbctv18.com. Retrieved 26 August 2019.
  25. "Action Construction Equipment enters into MoU with URSUS S.A. for localization of the new range of tractors". Construction Week Online India. Retrieved 26 August 2019.
  26. K.R.Srivats. "PNB, ACE tie-up for farm machinery financing". @businessline. Retrieved 26 August 2019.
  27. Sarim. "Action Construction Equipment (ACE) - showcases new NX series of cranes". www.nbmcw.com. Archived from the original on 27 August 2019. Retrieved 30 July 2019.
  28. "ACE launches Multi-Activity Cranes". www.constructionworld.in. Retrieved 26 August 2019.
  29. "India's Top Magazine on Construction, Infrastructure & Civil Engineering -- CE & CR". cecr.in. Archived from the original on 27 August 2019. Retrieved 26 August 2019.
  30. "Action Construction Equipment Makes Waves With the Launch of Nx360° Slew-Cum-Pick 'N' Carry Crane". Indian Infrastructure. 31 July 2019. Retrieved 26 August 2019.
  31. admin. "Winners". India's Best Company Of The Year Awards. Retrieved 26 August 2019.
  32. "Dream Companies to Work for". dreamcompaniestoworkfor.org. Retrieved 30 July 2019.
  33. "National Awards CMO Asia". www.cmoasia.org. Retrieved 30 July 2019.
  34. Bhatia, Dr R. L. "Dr. R. L. Bhatia". World HRD Congress. Retrieved 26 August 2019.
  35. "Dream Companies to Work for". dreamcompaniestoworkfor.org. Retrieved 26 August 2019.
  36. "Builders | Architects | Construction Companies and Leaders". www.constructionworld.in. Retrieved 26 August 2019.
  37. A-303, ASAPP Info Global Services Pvt Ltd; Estates, Navbharat; Road, Zakaria Bunder; Sewri; Mumbai - 400 015; Maharashtra; Tel : 91-22-24193000, India. "Equipment India Magazine | 6th Annual Equipment India Awards 2018". www.equipmentindia.com. Retrieved 26 August 2019.
  38. "ACE wins the Bestseller in Mobile Cranes category at 5th Equipment India Awards | Ecargolog - Asia's Cargo & Logistics News Online" . Retrieved 30 July 2019.
  39. "ACE wins the Bestseller in Mobile Cranes category at 5th Equipment India Awards - Core Sector Communique". corecommunique.com. Retrieved 26 August 2019.
  40. "Construction world Global Awards 2018". www.constructionworld.in. Retrieved 26 August 2019.
  41. "India's Most Trusted Companies Award | Tata Coffee". tatacoffee.com. Retrieved 26 August 2019.
  42. "Planman Media hosts Spectacular Ceremony of Power Brands Indian Superpower Edition - India's 70 Most Trusted Power Brands 2017-18 - TVNews4u". Dailyhunt. Retrieved 26 August 2019.
  43. A-303, ASAPP Info Global Services Pvt Ltd; Estates, Navbharat; Road, Zakaria Bunder; Sewri; Mumbai - 400 015; Maharashtra; Tel : 91-22-24193000, India. "Infrastructure Today Magazine | 4th Equipment India Award 2017 | Celebration of Excellence". www.infrastructuretoday.co.in. Retrieved 26 August 2019.
  44. "Top List - Construction World Magazine from India". www.equipmentindia.com. Retrieved 26 August 2019.