About Akar Tools
Akar Tools is a company based in Mumbai (India) founded in 1989.. The company has 358 employees as of March 31, 2024. Akar Tools offers products and services including Hand Tools, Tool Kits, Forging Components, and Leaf Springs. Akar Tools operates in a competitive market with competitors including Speed-A-Way, Kwik Patch, Sumaxindia, Ameya Finishing Solutions and CEV Engineering, among others.
- Headquarter Mumbai, India
- Employees 358 as on 31 Mar, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Akar Auto Industries Ltd
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Annual Revenue
$43.22 M (USD)0.12as on Mar 31, 2024
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Net Profit
$754.09 K (USD)17.53as on Mar 31, 2024
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EBITDA
$2.7 M (USD)8.22as on Mar 31, 2024
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Latest Funding Round
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Investors
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Employee Count
358
as on Mar 31, 2024
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IPO & Listings of Akar Tools
Akar Tools is a publicly listed company on the BSE with ticker symbol AAIL in India, operating in the Consumer durables 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.
Products & Services of Akar Tools
Akar Tools offers a comprehensive portfolio of products and services, including Hand Tools, Tool Kits, Forging Components, and Leaf Springs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Precision tools for mechanical and industrial applications.
Comprehensive sets for maintenance and repair tasks.
Engineered parts for automotive and non-auto uses.
Components for vehicle suspension systems.
Funding Insights of Akar Tools
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Akar Tools
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Akar Tools
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Akar Tools Comparisons
Competitors of Akar Tools
Akar Tools operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Speed-A-Way, Kwik Patch, Sumaxindia, Ameya Finishing Solutions and CEV Engineering, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Produces high-quality aftermarket automotive lubricants, bearings, and accessories.
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| domain | founded_year | HQ Location |
Produces tire repair kits, industrial gloves, and heavy textiles for various industries.
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| domain | founded_year | HQ Location |
Manufactures and supplies automotive OEM and auto refinish products globally.
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| domain | founded_year | HQ Location |
Provides CED coating for automotive parts with automated facilities in Pune.
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| domain | founded_year | HQ Location |
Manufactures CNG and LPG conversion kits, produces vehicles, supplies parts, and integrates workstations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Akar Tools
Frequently Asked Questions about Akar Tools
When was Akar Tools founded?
Akar Tools was founded in 1989.
Where is Akar Tools located?
Akar Tools is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does Akar Tools have?
As of Mar 31, 2024, the latest employee count at Akar Tools is 358.
What is the annual revenue of Akar Tools?
Annual revenue of Akar Tools is $43.22M as on Mar 31, 2024.
What does Akar Tools do?
Akar Tools is a company which is a part of R. L. Group of Industries. The company produces wrenches, striking tools, automotive tools etc. The company exports precision engineered hand tools to Europe, USA, Japan, Australia and many other countries worldwide. The company has its manufacturing facility at Aurangabad-India. The plants production capacity is 2,400MT per annum comprising of Makino CNC machines and collocate polishing machines among others for production. Around 75 of the companys total revenue is generated from the exports market. In India, its major clientele are Mahindra and Bajaj.
Who are the top competitors of Akar Tools?
Akar Tools's top competitors include Speed-A-Way, Kwik Patch and Sumaxindia.
What products or services does Akar Tools offer?
Akar Tools offers Hand Tools, Tool Kits, Forging Components, and Leaf Springs.
Is Akar Tools publicly traded?
Yes, Akar Tools is publicly traded on BSE under the ticker symbol AAIL.
What is Akar Tools's ticker symbol?
The ticker symbol of Akar Tools is AAIL on BSE.