About AQ Group
AQ Group is a publicly listed company based in Vasteras (Sweden) founded in 1994. Manufacturer of components and systems for industrial purposes. The company has 131 employees. AQ Group has completed 4 acquisitions, including AQ Magnetica, B3CG Interconnect and Trafotek. Its chief executive, as recorded, is Claes Mellgren. Its Indian entity Aq Mechanical & Electrical Manufacturing India Private Limited reported revenue of ₹75.54 Cr. AQ Group offers products and services including Electric Cabinets, Wiring Systems, Injection Molding, and Sheet Metal Processing. Its focus areas include Industrial Goods and Manufacturing, Industrial Automation Equipment, Horizontal and Manufacturers.
Company details
AQ Group was established in 1994 in Västerås, Sweden, where manufacturing operations for industrial components and systems are based. Focus is placed on the industrial sector, with production encompassing mechanical and electrical solutions for various applications. Services include assembly and customization for clients in manufacturing and engineering fields. The company operates primarily from its Swedish headquarters, supporting regional and international projects in the sector.
- Indian entity revenue₹75.54 Cr
FY 2025 · +18% YoY
- Indian entity net loss-₹7.45 Cr
FY 2025 · -10% margin
- Indian entity EBITDA-₹2.86 Cr
FY 2025 · -4% margin
- Employee Count131
- Investments & AcquisitionsAQ Magnetica
& 3 more
Associated legal entities of AQ Group
AQ Group operates through Aq Mechanical & Electrical Manufacturing India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aq Mechanical & Electrical Manufacturing India Private Limited CIN U31909PN2011FTC139442 | Active | 06 May 2011 | Pune, Maharashtra | ₹75.5 Cr | 131 | 3 | View details |
Products & Services of AQ Group
AQ Group offers a comprehensive portfolio of products and services, including Electric Cabinets, Wiring Systems, Injection Molding, and Sheet Metal Processing.
Systems for electrical enclosures and industrial components
Production of wiring and assembly for industrial applications
Manufacturing services for molded components and systems
Processing of sheet metal for industrial products
Apps and channels of AQ Group
its YouTube channel AQ Group has 18 subscribers and 20 videos.
Videos from AQ Group
The most watched videos on AQ Group's YouTube channel, AQ Group (18 subscribers). Click a video to play it here.
More on AQ Group.
Board of directors of Aq Mechanical & Electrical Manufacturing India Private Limited (AQ Group)
Aq Mechanical & Electrical Manufacturing India Private Limited is the primary company behind AQ Group. The board of Aq Mechanical & Electrical Manufacturing India Private Limited currently have 3 directors; the longest-serving is Nerijus Olsauskas, appointed in 2019. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nerijus Olsauskas DIN 08438626 | Director | 02 May 2019 | 7 yrs 6 mo | Aq Mechanical & Electrical Manufacturing India Private Limited |
| Shreeniwas Bhide DIN 08084146 | Director | 30 Oct 2023 | 3 yrs | Aq Mechanical & Electrical Manufacturing India Private Limited |
| Raushan Shashi Kant Sharma DIN 10467386 | Managing Director | 31 Jan 2024 | 2 yrs 9 mo | Aq Mechanical & Electrical Manufacturing India Private Limited |
People of AQ Group
29 people are tracked at AQ Group (8 in leadership, 6 in board & advisors, 15 in team); the tracked headcount is 131.
| Name | Role | Group |
|---|---|---|
Claes Mellgren | CEO | Leadership |
Anders Carlsson | CEO | Leadership |
| Business Area Director Wiring Systems | Leadership | |
Niklas Ericsson | Business Area Director Inductive components | Leadership |
Christina Hegg | CFO | Leadership |
Ragnar Koppel | Business Area Director Sheet Metal Processing | Leadership |
Paulina Duszel | VP Sales & Marketing AQ Group | Leadership |
Maria Junkrans | Head Of Group Accounting AQ Group (publ) | Leadership |
Patrik Nolåker | Chairman of the Board | Board & advisors |
Lars Wrebo | Board member | Board & advisors |
Gunilla Spongh | Board member | Board & advisors |
Annika Johansson-Rosengren | Board member | Board & advisors |
Per-Olof Andersson | Board member | Board & advisors |
Ulf Gundemark | Board member | Board & advisors |
Katharina Frisk | HR | Team |
Per Lindblad | Business development and IT | Team |
Zhao Wilson | Operation Manager | Team |
Elisabeth Innala | Financial Controller | Team |
Osama Altesheh | Financial Controller | Team |
Sara Groop | Financial Controller | Team |
9 more people are available in the full profile.
Complete people profiles for AQ Group
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IPO & Listings of AQ Group
AQ Group is a publicly listed company on the OMXSTO with ticker symbol AQ in Sweden, 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.
- Listed onOMXSTO: AQ
- Listed entityAQ Group AB
- Exchange sectorProducer manufacturing
- ISINSE0022062196
- Share price242.00 SEK (+1.77% on the day) · 2026-10-14
- Market capitalisation21,814,057,287.00 SEK
- Price to earnings31.6
- EPS (diluted, trailing year)7.67 SEK
- Dividend yield0.76%
- Volume (last session)11,589
Financials of AQ Group
Figures of Aq Mechanical & Electrical Manufacturing India Private Limited, the primary company behind AQ Group, for FY 2025. Revenue was ₹75.54 Cr (+18% year on year). Net loss was -₹7.45 Cr (-10% margin). EBITDA was -₹2.86 Cr (-4% margin). Revenue has grown at a compounded annual rate of -2% over three years and +21% over five years.
- ₹75.54 CrRevenue · FY 2025 · +18% YoY
- -₹7.45 CrNet loss · -10% margin
- -₹2.86 CrEBITDA · -4% margin
- ₹6.55 CrPaid-up capital
- 131Employees (provident fund records)
- -2%Revenue CAGR, 3 years
- +21%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 9.07B SEK | 676.0M SEK | 1.18B SEK |
| 2024 | 8.55B SEK | 665.0M SEK | 1.13B SEK |
| 2023 | 8.97B SEK | 632.0M SEK | 1.07B SEK |
| 2022 | 7.05B SEK | 410.0M SEK | 705.0M SEK |
| 2021 | 5.47B SEK | 366.0M SEK | 620.0M SEK |
Balance sheet, profit and loss, cash flow and ratios of Aq Mechanical & Electrical Manufacturing India Private Limited are on its company page.
Detailed financial statements for AQ Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by AQ Group
AQ Group has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include AQ Magnetica, B3CG Interconnect and Trafotek.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Custom fans, blowers, electrical transformers, and related products are manufactured. | mdexx.com | Leeste, Germany | 2004 | Dec 2024 | •••• | |
Management consulting, M&A advisory, and investment services are provided. | trafotek.fi | Turku, Finland | 1983 | Apr 2019 | $31.2M | |
Electrical connectors and cable assemblies are designed and manufactured. | b3cg.com | Quebec, Canada | 1993 | May 2018 | $10.51M | |
Custom electronic design and manufacturing services are provided. | magnetica.eu | Castelfidardo, Italy | 1996 | Apr 2016 | $564,125 |
Complete acquisition details for AQ Group
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Timeline of AQ Group
5 dated milestones of AQ Group across 30 years, from founding to its latest funding, stage changes and deals.
- Founded AQ Group is founded.
- Acquisition Acquires AQ Magnetica.
- Acquisition Acquires B3CG Interconnect.
- Acquisition Acquires Trafotek.
- Acquisition Acquires mdexx.
Web traffic of AQ Group
The website of AQ Group (aqg.se) receives about 3.5K visits a month.
- Monthly visits3.5K
▲ 2655.3% vs previous month
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Related news about Aq Group
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Frequently Asked Questions about AQ Group
AQ Group was founded in 1994.
AQ Group is headquartered in Vasteras, Sweden. It is registered at Vasteras, Vastmanland, Sweden.
Claes Mellgren is the CEO of AQ Group, as recorded in our data.
AQ Group has 131 employees.
The primary company behind AQ Group, Aq Mechanical & Electrical Manufacturing India Private Limited, reported revenue of ₹75.54 Cr for FY 2025, up 18% year on year.
AQ Group was established in 1994 in Västerås, Sweden, where manufacturing operations for industrial components and systems are based. Focus is placed on the industrial sector, with production encompassing mechanical and electrical solutions for various applications. Services include assembly and customization for clients in manufacturing and engineering fields. The company operates primarily from its Swedish headquarters, supporting regional and international projects in the sector.
AQ Group offers Electric Cabinets, Wiring Systems, Injection Molding, and Sheet Metal Processing.
Yes, AQ Group is publicly traded on OMXSTO under the ticker symbol AQ.
AQ Group has made 4 acquisitions, including AQ Magnetica, B3CG Interconnect, and Trafotek.
AQ Group operates through Aq Mechanical & Electrical Manufacturing India Private Limited.
The legal entities of AQ Group currently have 3 directors, including Raushan Shashi Kant Sharma, Shreeniwas Bhide, Nerijus Olsauskas.