About AVTEC
AVTEC is a company based in Delhi (India) founded in 1994 was acquired by Motorola Solutions in March 2019.. The company has 683 employees as of March 23, 2024. AVTEC has completed 1 acquisition, including ASSAG. AVTEC offers products and services including Engines, Transmissions, Cylinder Heads, and Cylinder Blocks. AVTEC operates in a competitive market with competitors including Cummins, UNO Minda, Endurance Technologies, Illinois Tool Works and Pricol, among others.
- Headquarter Delhi, India
- Employees 683 as on 23 Mar, 2024
-
Sectors
Transportation, Automotive & LogisticsIndustrial Goods & Manufacturing
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Avtec Limited
- Date of Incorporation 08 Feb, 2005
- Jurisdiction M.P, Madhya Pradesh, India
-
Annual Revenue
$49.5 M (USD)-7.48as on Mar 31, 2023
-
Net Profit
$2.61 M (USD)-77.18as on Mar 31, 2023
-
EBITDA
$4.32 M (USD)-19.82as on Mar 31, 2023
-
Latest Funding Round
-
Investors
Motorola Solutions
& 1 more
-
Employee Count
683
as on Mar 23, 2024
- Investments & Acquisitions
-
Acquired by
Motorola Solutions
(Mar 11, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of AVTEC
AVTEC offers a comprehensive portfolio of products and services, including Engines, Transmissions, Cylinder Heads, and Cylinder Blocks. 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.
Manufactures engines for automotive and off-highway applications.
Produces transmissions for vehicles and machinery.
High-precision parts for engine assemblies.
Engine components for automotive and industrial use.
Unlock access to complete
Unlock access to complete
Funding Insights of AVTEC
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2013 | Amount | Private Equity Round - AVTEC | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AVTEC
AVTEC has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Motorola Solutions and Warburg Pincus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Multi-stage private equity investments are pursued across diverse sectors.
|
Founded Year | Domain | Location | |
|
Communication technology provider
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by AVTEC
AVTEC has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ASSAG. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Automotive powertrain components are manufactured and supplied by ASSAG.
|
1979 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - AVTEC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avtec Comparisons
Competitors of AVTEC
AVTEC 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 Cummins, UNO Minda, Endurance Technologies, Illinois Tool Works and Pricol, 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 |
Manufacturer of gas-powered construction equipment
|
|
| domain | founded_year | HQ Location |
Manufacturer and supplier of major auto components to OEMs and tier 1 companies
|
|
| domain | founded_year | HQ Location |
Auto components including suspension and braking systems are manufactured.
|
|
| domain | founded_year | HQ Location |
Major auto components are manufactured and supplied to OEMs.
|
|
| domain | founded_year | HQ Location |
Electronic components for automotive applications are manufactured.
|
|
| domain | founded_year | HQ Location |
Provider of design & development of electrical powertrain systems for automotive applications
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Avtec
Frequently Asked Questions about AVTEC
When was AVTEC founded?
AVTEC was founded in 1994 and raised its 1st funding round 19 years after it was founded.
Where is AVTEC located?
AVTEC is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
How many employees does AVTEC have?
As of Mar 23, 2024, the latest employee count at AVTEC is 683.
What is the annual revenue of AVTEC?
Annual revenue of AVTEC is $49.5M as on Mar 31, 2023.
What does AVTEC do?
AVTEC was established in 1994 in Delhi, India, as a manufacturer of powertrain components for automotive and off-highway applications. Engines, transmissions, and precision parts such as cylinder heads, blocks, crankshafts, and gears are designed and produced. Supplies are provided to original equipment manufacturers in automotive, defense, agriculture, and railway sectors, both domestically and internationally. Operations cover the full value chain from design through production.
Who are the top competitors of AVTEC?
AVTEC's top competitors include Cummins, UNO Minda and Rane Group.
What products or services does AVTEC offer?
AVTEC offers Engines, Transmissions, Cylinder Heads, and Cylinder Blocks.
How many acquisitions has AVTEC made?
AVTEC has made 1 acquisition, including ASSAG.
Who are AVTEC's investors?
AVTEC has 2 investors. Key investors include Motorola Solutions, and Warburg Pincus.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.