Ace Cranes

Delhi, India Founded: 1995 • Age: 31 yrs Listed
Construction equipment is manufactured by Ace Cranes in Delhi, India.
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About Ace Cranes

Ace Cranes is a publicly listed company based in Delhi (India) founded in 1995 by Vijay Aggarwal. Construction equipment is manufactured by Ace Cranes in Delhi, India. The company has 1,492 employees. Its website ace-cranes.com draws about 49 thousand monthly visits. Its Indian entity Action Construction Equipment Limited reported revenue of ₹3,390 Cr. Ace Cranes offers products and services including Mobile Cranes, Tower Cranes, Forklift Trucks, Backhoe Loaders, and Tractors. Its focus areas include Real Estate and Construction, Construction Equipment and Machinery, Material Handling and Cranes.

Company details

Ace Cranes was founded in 1995 in Delhi, India, with Vijay Aggarwal serving as Founder and Managing Director. Operations are focused on the manufacturing of construction equipment, including cranes and related machinery for industrial use. The company is headquartered in India, where production and assembly processes are handled. Services encompass equipment design, fabrication, and distribution within the construction sector. The domain ace-cranes.com is maintained for online information and inquiries.

Recognitions & Rankings of Ace Cranes

India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#331
Valuation
₹16,950 Cr
2023 #405
  • Headquarters Delhi, India
  • Employees 1,492
  • Founders Vijay Aggarwal
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Website category Heavy Industry and Engineering · Construction and Maintenance
  • Website ace-cranes.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Action Construction Equipment Limited
Operational Areas
Industrial Goods & Manufacturing → Construction Equipment and Machinery
Key Metrics
  • Market Cap
    ₹12,510 Cr

    ACE · NSE

  • Share Price
    ₹1,104.75

    +5.16% today

  • Revenue
    ₹3,280 Cr

    FY 2025-26 · -1.4% YoY

  • EBITDA
    ₹504 Cr

    Margin 15.4%

  • Net Profit
    ₹413 Cr

    FY 2025-26 · +1.8% YoY

  • P/E (TTM)
    27.1x

    P/B 5.9x

  • ROE
    22.9%

    ROCE 31.6%

  • Debt / Equity
    0.01

    Interest cover 4.7x

  • Employee Count
    1,492

Products & Services of Ace Cranes

Ace Cranes offers a comprehensive portfolio of products and services, including Mobile Cranes, Tower Cranes, Forklift Trucks, Backhoe Loaders, and Tractors.

Mobile Cranes
Construction Machinery

Equipment for lifting heavy loads in construction projects.

Tower Cranes
Construction Machinery

Cranes used for building tall structures and sites.

Forklift Trucks
Material Handling

Vehicles for transporting and lifting materials in warehouses.

Backhoe Loaders
Construction Machinery

Machines for digging and loading in earthmoving tasks.

Tractors
Agri Equipment

Vehicles for agricultural tasks like plowing and hauling.

Apps and channels of Ace Cranes

its YouTube channel ACE - Action Construction Equipment Ltd. has 2.08K subscribers and 30 videos.

ACE - Action Construction Equipment Ltd.
YouTube 2.08K subscribers 30 videos Autos & Vehicles
Open channel

Videos from Ace Cranes

The most watched videos on Ace Cranes's YouTube channel, ACE - Action Construction Equipment Ltd. (2.08K subscribers). Click a video to play it here.

From Bold Design to unmatched Power– Witness AX 124 CEV-5 Backhoe Loader, a Makeover You Can’t Miss!
720.2K views
Discover the all-new 100% Swadeshi ACE Backhoe Loader #ACEBackhoeLoader #AceKiJCB
596.2K views
ACE F 250 New Generation Safe Crane - 25 Ton Lifting Capacity
276.5K views
ACE F 150 New Generation Safe Crane - 15 Ton Lifting Capacity
181.9K views

More on ACE - Action Construction Equipment Ltd..

Board of directors of Action Construction Equipment Limited (Ace Cranes)

Action Construction Equipment Limited is the primary company behind Ace Cranes. The boards of the 2 registered companies of Ace Cranes currently have 8 directors; the longest-serving is Avinash Parkash Gandhi, appointed in 2019. 14 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Avinash Parkash Gandhi
DIN 00161107
Director01 Oct 20197 yrs 1 moAction Construction Equipment Limited
Vijay Agarwal
DIN 00057634
Director07 Feb 20206 yrs 8 moReachall India Private Limited, Action Construction Equipment Limited
Mona Agarwal
DIN 00057653
Director07 Feb 20206 yrs 8 moReachall India Private Limited, Action Construction Equipment Limited
Sorab Agarwal
DIN 00057666
Director07 Feb 20206 yrs 8 moReachall India Private Limited, Action Construction Equipment Limited
Surbhi Garg
DIN 01558782
Director07 Feb 20206 yrs 8 moReachall India Private Limited, Action Construction Equipment Limited
Divya Singal
DIN 08722144
Director01 Apr 20206 yrs 7 moAction Construction Equipment Limited
Shriniwas Vashisht
DIN 06572418
Director24 Sep 20206 yrs 1 moAction Construction Equipment Limited
Jagan Nath Chamber
DIN 08841478
Director06 Nov 20205 yrs 11 moAction Construction Equipment Limited

People of Ace Cranes

30 people are tracked at Ace Cranes (7 in leadership, 7 in board & advisors, 16 in team); the tracked headcount is 1,492.

NameRoleGroup
Vijay Aggarwal
Founder & MDLeadership
Vijay Agarwal
Chairman & Managing DirectorLeadership
Manoj Shetty
Chief ManagerLeadership
Kuldeep Chhibber
Development HeadLeadership
Ram Prasad Prasad
Chief Manager Product SupportLeadership
Saurabh Chauhan
Divisional HeadLeadership
Sanjiv Sinha
General ManagerLeadership
Surbhi Garg
DirectorBoard & advisors
Sorab Agarwal
DirectorBoard & advisors
Mona Agarwal
DirectorBoard & advisors
Divya Singhal
DirectorBoard & advisors
Shriniwas Vashisht
DirectorBoard & advisors
Avinash Parkash Gandhi
DirectorBoard & advisors
Jagan Nath Chamber
DirectorBoard & advisors
Jatinder Kumar
Sr.manager - Purchase & Vendor DevelopmentTeam
Thummalapalli Venktesh
Dy ManagerTeam
Mahipal Singh
Manager QATeam
Harpinder Singh
Area Sales ManagerTeam
Ajay Dohan
Software EngineerTeam
Jawed 786
Sr. Software EngineerTeam

10 more people are available in the full profile.

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Complete people profiles for Ace Cranes

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IPO & Listings of Ace Cranes

Ace Cranes is a publicly listed company on the NSE with ticker symbol ACE in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date26 Sep 2006
  • Listed onBSE: 532762 · NSE: ACE
  • Listed entityAction Construction Equipment Limited
  • Exchange sectorProducer manufacturing
  • ISININE731H01025
  • Share price₹1,197.00 (+0.34% on the day) · 2026-10-14
  • Market capitalisation₹14,185 Cr
  • Price to earnings32.6
  • EPS (diluted, trailing year)₹36.70
  • Dividend yield0.17%
  • Volume (last session)147,011

Financials of Ace Cranes

Exchange-reported figures of Action Construction Equipment Limited, the listed company behind Ace Cranes (NSE: ACE).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹3,280 Cr
-1.4% YoY
EBITDA
₹504 Cr
-0.4% YoY
Profit After Tax
₹413 Cr
+1.8% YoY
Net Worth
₹2,011 Cr
+24.5% YoY
Total Assets
₹2,025 Cr
+23.7% YoY
Total Debt
₹7.91 Cr
-51.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,2803,3272,9142,1601,6301,2271,156
Revenue growth-1.4%+14.2%+34.9%+32.5%+32.8%+6.1%-
EBITDA50450640322115111991.55
EBITDA margin+15.4%+15.2%+13.8%+10.2%+9.3%+9.7%+7.9%
Profit before tax55754943423413710868.03
Net profit41340632915710575.8451.70
Net profit margin+12.6%+12.2%+11.3%+7.3%+6.4%+6.2%+4.5%
EPS (₹)34.8634.3627.5614.418.827.034.63
Balance sheet
Total assets2,0251,6371,239930788580529
Net worth2,0111,6151,230919754523443
Total debt7.9116.444.467.4531.0254.5882.41
Cash & bank77.2055.4711048.9614.3136.519.27
Net working capital(153)(119)(17.14)43.4612310669.51
Cash flow
Cash from operations41741243327410486.0647.98
Cash from investing(350)(382)(368)(218)(201)(16.23)(19.60)
Cash from financing(51.91)(28.99)(38.66)(41.01)70.80(40.34)(33.43)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue7861,029855744652961875757
Revenue growth (YoY)+20.5%+7.1%-2.3%-1.7%-11.2%---
Other income54.61(6.12)35.7329.3151.148.3930.1734.21
EBITDA11817213010992.83164135109
EBITDA margin+15.0%+16.7%+15.2%+14.6%+14.2%+17.0%+15.4%+14.3%
Depreciation9.149.518.928.758.017.307.176.99
Interest4.943.354.675.858.243.888.409.03
Profit before tax158153152124128161149127
Tax38.9342.5135.4733.6330.0042.3337.8131.93
Net profit11911111690.0697.7211911294.82
EPS (₹)10.049.329.787.578.219.969.387.96
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,2743,3202,9122,1581,6301,2271,156
Revenue growth-1.4%+14.0%+34.9%+32.4%+32.9%+6.1%-
EBITDA50150040322515211991.85
EBITDA margin+15.3%+15.1%+13.8%+10.4%+9.3%+9.7%+7.9%
Profit before tax56654343321913810868.21
Net profit42440132816010676.1951.85
Net profit margin+13.0%+12.1%+11.3%+7.4%+6.5%+6.2%+4.5%
EPS (₹)35.7233.9027.5113.548.897.064.64
Balance sheet
Total assets2,0141,6161,227919788580529
Net worth2,0011,5971,220909755523443
Total debt6.7314.694.256.9530.2754.5882.41
Cash & bank75.5240.1994.8432.4114.0236.449.25
Net working capital(150)(129)(31.80)28.6112510871.00
Cash flow
Cash from operations41240243428699.3686.0647.95
Cash from investing(332)(372)(368)(246)(202)(16.23)(19.58)
Cash from financing(51.24)(28.95)(38.35)(40.71)75.13(40.39)(33.43)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue7821,028853741652959873754
Revenue growth (YoY)+19.9%+7.2%-2.3%-1.8%-11.1%---
Other income54.43(6.26)35.6341.0451.018.3029.8434.14
Total expenses666858724630560796743646
EBITDA11617012911191.54163131108
EBITDA margin+14.9%+16.5%+15.1%+14.9%+14.0%+17.0%+15.0%+14.3%
Depreciation8.879.198.588.437.716.927.086.90
Interest4.923.334.645.838.203.848.379.03
Profit before tax157151151137127160145126
Tax38.2042.3435.2633.6229.8142.0937.7831.89

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 04 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue7861,029855744652961875757
Revenue growth (YoY)+20.5%+7.1%-2.3%-1.7%-11.2%---
Other income54.61(6.12)35.7329.3151.148.3930.1734.21
EBITDA11817213010992.83164135109
EBITDA margin+15.0%+16.7%+15.2%+14.6%+14.2%+17.0%+15.4%+14.3%
Depreciation9.149.518.928.758.017.307.176.99
Interest4.943.354.675.858.243.888.409.03
Profit before tax158153152124128161149127
Tax38.9342.5135.4733.6330.0042.3337.8131.93
Net profit11911111690.0697.7211911294.82
EPS (₹)10.049.329.787.578.219.969.387.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,2803,3272,9142,1601,6301,2271,156
Revenue growth-1.4%+14.2%+34.9%+32.5%+32.8%+6.1%-
Other income11010077.1041.1210.7815.314.15
Total expenses2,7762,8212,5111,9391,4781,1081,065
Employee cost16013812199.7684.8172.1785.69
EBITDA50450640322115111991.55
EBITDA margin+15.4%+15.2%+13.8%+10.2%+9.3%+9.7%+7.9%
Depreciation35.1928.3123.2418.0015.4113.9413.01
Interest22.1128.6523.1710.299.5212.2314.66
Profit before tax55754943423413710868.03
Tax14214010660.7632.3028.3215.56
Net profit41340632915710575.8451.70
Net profit margin+12.6%+12.2%+11.3%+7.3%+6.4%+6.2%+4.5%
EPS (₹)34.8634.3627.5614.418.827.034.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital23.8223.8223.8223.8223.8222.7022.70
Reserves & surplus1,9941,5991,211895730501420
Shareholders' funds (net worth)2,0111,6151,230919754523443
Minority interest0.071.711.661.620.240.260.30
Secured loans0.1114.473.886.207.6054.2281.98
Unsecured loans7.801.970.581.2523.420.360.43
Total debt7.9116.444.467.4531.0254.5882.41
Total liabilities2,0251,6371,239930788580529
Assets
Gross block991894740640593563537
Net block781716580487452429412
Capital work in progress49.2128.6543.6424.4124.2912.5519.35
Investments1,28391859434917931.4427.94
Inventories605515553419333266271
Sundry debtors284265164169189225147
Cash & bank balances77.2055.4711048.9614.3136.519.27
Loans & advances97.1311275.0762.7367.3538.2652.39
Total current assets1,064947903700604566480
Total current liabilities1,2171,066920656481459410
Net working capital(153)(119)(17.14)43.4612310669.51
Total assets2,0251,6371,239930788580529
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash48.8448.2121.485.7232.893.398.45
Net cash from operating activities41741243327410486.0647.98
Net cash from investing activities(350)(382)(368)(218)(201)(16.23)(19.60)
Net cash from financing activities(51.91)(28.99)(38.66)(41.01)70.80(40.34)(33.43)
Net change in cash15.470.6426.7315.76(27.16)29.50(5.06)
Closing cash77.2055.4711048.9614.3136.519.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-1.4%+14.2%+34.9%+32.5%+32.8%+6.1%-
EBITDA growth-0.4%+25.4%+82.5%+45.9%+27.3%+29.9%-
PBT growth+1.4%+26.5%+85.7%+70.3%+27.0%+58.9%-19.2%
Net income growth+1.8%+23.6%+109.4%+49.8%+38.2%+46.7%-
Revenue CAGR (3Y)+15.0%+26.9%+33.4%+23.2%+6.7%+4.1%+15.5%
EBITDA CAGR (3Y)+31.6%+49.5%+50.2%+34.1%+15.7%+9.1%+32.4%
Profitability & leverage
Net income margin+12.7%+12.3%+11.3%+8.0%+6.4%+6.5%+4.5%
Return on capital employed+31.6%+40.2%+42.2%+28.4%+21.5%+21.7%+16.2%
Return on net worth+22.9%+28.8%+30.6%+20.7%+16.4%+16.5%+11.9%
Debt / equity0.010.010.010.020.070.140.15
Long-term debt / equity0.000.000.000.000.020.060.10
Interest cover4.726.006.105.077.0011.6518.67
Efficiency & per share
Fixed asset turnover3.484.074.223.502.822.232.33
Inventory turnover5.866.236.005.745.444.574.78
Debtors turnover11.9515.5117.4712.067.886.607.93
EPS (₹)34.8634.3627.5614.418.827.034.63
Dividend per share (₹)2.002.002.001.000.600.500.50
Book value per share (₹)169.45136.28103.7377.1463.3246.1139.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue7821,028853741652959873754
Revenue growth (YoY)+19.9%+7.2%-2.3%-1.8%-11.1%---
Other income54.43(6.26)35.6341.0451.018.3029.8434.14
Total expenses666858724630560796743646
EBITDA11617012911191.54163131108
EBITDA margin+14.9%+16.5%+15.1%+14.9%+14.0%+17.0%+15.0%+14.3%
Depreciation8.879.198.588.437.716.927.086.90
Interest4.923.334.645.838.203.848.379.03
Profit before tax157151151137127160145126
Tax38.2042.3435.2633.6229.8142.0937.7831.89
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,2743,3202,9122,1581,6301,2271,156
Revenue growth-1.4%+14.0%+34.9%+32.4%+32.9%+6.1%-
Other income12199.6476.1922.2410.7915.314.03
Total expenses2,7732,8212,5081,9331,4781,1081,064
Employee cost15813711998.4384.4572.0985.62
EBITDA50150040322515211991.85
EBITDA margin+15.3%+15.1%+13.8%+10.4%+9.3%+9.7%+7.9%
Depreciation33.9127.6522.8917.6615.2813.9413.01
Interest22.0028.5623.1410.249.4912.2314.66
Profit before tax56654343321913810868.21
Tax14113910657.9632.4328.3215.56
Net profit42440132816010676.1951.85
Net profit margin+13.0%+12.1%+11.3%+7.4%+6.5%+6.2%+4.5%
EPS (₹)35.7233.9027.5113.548.897.064.64
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital23.8223.8223.8223.8223.8222.7022.70
Reserves & surplus1,9771,5731,201885731501420
Shareholders' funds (net worth)2,0011,5971,220909755523443
Secured loans0.1114.473.886.207.6054.2281.98
Unsecured loans6.620.220.370.7522.670.360.43
Total debt6.7314.694.256.9530.2754.5882.41
Total liabilities2,0141,6161,227919788580529
Assets
Gross block969874734634584555530
Net block760696574482443421405
Capital work in progress49.2128.6543.6424.4124.2912.5518.21
Investments1,29192760335818637.9434.44
Inventories603513551417332266270
Sundry debtors287270166169190225147
Cash & bank balances75.5240.1994.8432.4114.0236.449.25
Loans & advances95.8311174.7562.3666.8238.2652.39
Total current assets1,062935887681603565479
Total current liabilities1,2121,064919653478457408
Net working capital(150)(129)(31.80)28.6112510871.00
Total assets2,0141,6161,227919788580529
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash33.5832.694.995.4332.813.378.44
Net cash from operating activities41240243428699.3686.0647.95
Net cash from investing activities(332)(372)(368)(246)(202)(16.23)(19.58)
Net cash from financing activities(51.24)(28.95)(38.35)(40.71)75.13(40.39)(33.43)
Net change in cash29.060.8927.70(0.45)(27.38)29.44(5.06)
Closing cash75.5240.1994.8432.4114.0236.449.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-1.4%+14.0%+34.9%+32.4%+32.9%+6.1%-
EBITDA growth+0.3%+24.0%+79.3%+47.6%+27.6%+29.9%-
PBT growth+4.3%+25.4%+97.7%+58.4%+27.5%+59.1%-19.2%
Net income growth+5.8%+22.1%+104.6%+51.7%+38.7%+46.9%-
Revenue CAGR (3Y)+14.9%+26.8%+33.4%+23.1%+6.7%+4.1%+15.5%
EBITDA CAGR (3Y)+30.6%+48.6%+50.0%+34.8%+15.9%+9.0%+32.1%
Profitability & leverage
Net income margin+13.0%+12.2%+11.3%+7.5%+6.5%+6.5%+4.6%
Return on capital employed+32.4%+40.2%+42.5%+26.9%+21.6%+21.8%+16.2%
Return on net worth+23.6%+28.7%+30.8%+19.4%+16.6%+16.6%+12.0%
Debt / equity0.010.010.010.020.070.140.15
Long-term debt / equity0.000.000.000.000.020.060.10
Interest cover4.716.056.094.946.9211.6018.59
Efficiency & per share
Fixed asset turnover3.554.134.263.542.862.262.36
Inventory turnover5.866.246.015.765.454.584.79
Debtors turnover11.7415.2417.3912.037.876.607.94
EPS (₹)35.7233.9027.5113.548.897.064.64
Dividend per share (₹)0.002.002.001.000.600.500.50
Book value per share (₹)168.05134.13102.8976.3563.4146.1339.00

Web traffic of Ace Cranes

The website of Ace Cranes (ace-cranes.com) receives about 48.7K visits a month and ranks #345,929 among all websites worldwide, #4,062 in Construction and Maintenance.

  • Monthly visits
    48.7K

    ▼ 7.4% vs previous month

  • Unique visitors
    28.4K

    per month

  • Global rank
    #345,929

    among all websites

  • Category rank
    #4,062

    Heavy Industry and Engineering · Construction and Maintenance

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Related news about Ace Cranes

Ace Equipment Company Announces Distributor Expansion
Business Wire • 27 days ago
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ACE: Record Q1 growth with 19% revenue rise, strong margins, and strategic expansion initiatives
Quartr • 3 months ago
ACE: Q1 FY27 saw record income and margins, driven by robust equipment sales and innovation
Quartr • 3 months ago
ACE: Q1 FY27 results show a debt-free balance sheet and robust liquidity, with clean auditor review
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ACE: Record Q4 revenue, margin gains, and robust outlook despite inflation and global volatility
Quartr • 5 months ago
ACE: Record Q4 revenue, margin gains, and strategic JV drive growth amid inflation and volatility
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Frequently Asked Questions about Ace Cranes

Ace Cranes was founded in 1995.

Ace Cranes is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.

Ace Cranes has 1,492 employees.

The primary company behind Ace Cranes, Action Construction Equipment Limited, reported revenue of ₹3,390 Cr for FY 2026, down 1% year on year.

Ace Cranes was founded in 1995 in Delhi, India, with Vijay Aggarwal serving as Founder and Managing Director. Operations are focused on the manufacturing of construction equipment, including cranes and related machinery for industrial use. The company is headquartered in India, where production and assembly processes are handled. Services encompass equipment design, fabrication, and distribution within the construction sector. The domain ace-cranes.com is maintained for online information and inquiries.

Ace Cranes offers Mobile Cranes, Tower Cranes, Forklift Trucks, Backhoe Loaders, and Tractors.

Yes, Ace Cranes is publicly traded on NSE under the ticker symbol ACE.

Ace Cranes is associated with 2 legal entities: Action Construction Equipment Limited, Reachall India Private Limited.

The legal entities of Ace Cranes currently have 10 directors, including Vijay Agarwal, Mona Agarwal, Sorab Agarwal and others.

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