About Covestro
Covestro is a publicly listed company based in Leverkusen (Germany) founded in 2015, and was acquired by XRG in December 2025. Advanced polymer materials are manufactured for industrial applications. The company has 17,500 employees. Its website covestro.com draws about 141 thousand monthly visits. Its Indian entity Covestro (India) Private Limited reported revenue of ₹4,389 Cr. Covestro offers products and services including Polymer Materials and Sustainable Solutions. Its focus areas include Chemicals and Materials, Polymers and Diversified Materials.
Company details
The company was founded in 2015 and is headquartered in Leverkusen, Germany. Operations focus on the production of high-performance polymers used in automotive, electronics, and construction sectors. Materials such as polyurethanes and polycarbonates are supplied globally through the covestro.com domain. In 2023, annual revenues reached 17.71 billion, while a net loss of 0.74 billion was recorded amid market challenges.
- Headquarters Leverkusen, Germany
- Employees 17,500
- Stage Acquired
- SectorsChemicals & Materials
- Website category Heavy Industry and Engineering · Chemical Industry
- Email••••••••
- Phone•••• ••••
- Website covestro.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by ADNOC (Oct 2024)
- Legal Name Covestro Ag Temp
Associated legal entities of Covestro
Covestro operates through Covestro (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 |
|---|---|---|---|---|---|---|---|
| Covestro (India) Private Limited CIN U19113MH1995PTC179724 | Active | 11 Sep 1995 | Navi Mumbai, Maharashtra | ₹4,389 Cr | 368 | 3 | View details |
Products & Services of Covestro
Covestro offers a comprehensive portfolio of products and services, including Polymer Materials and Sustainable Solutions.
High-quality polymers are manufactured for applications in automotive and construction
Sustainable products are provided to support circular economy and climate neutrality efforts
Apps and channels of Covestro
its YouTube channel Covestro has 6.15K subscribers and 30 videos.
Videos from Covestro
The most watched videos on Covestro's YouTube channel, Covestro (6.15K subscribers). Click a video to play it here.
More on Covestro.
Funding Insights of Covestro
- Total Rounds 11
- Last Round Grant — $5.1M
- First Round $484,072
(Nov 2016)
- Investors Count 1
Latest 10 of 11 funding rounds of Covestro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2021 | $5.1M | Grant | – | – | |
| Oct 2020 | $527.93M | Post-IPO | – | – | – |
| May 2020 | $83,200 | Grant | – | – | |
| Mar 2020 | $376,200 | Grant | – | – | |
| Jan 2020 | $159,384 | Grant | – | – | |
| Jan 2019 | $1.54M | Grant | – | – | |
| Apr 2018 | $306,874 | Grant | – | – | |
| Jan 2018 | $1.54M | Grant | – | – | |
| Oct 2017 | $3.4M | Grant | – | – | |
| Jan 2017 | $92,102 | Grant | – | – |
3 investors in total: 3 institutional.
Investors in Covestro
Covestro has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include ADNOC, European Union and XRG.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Provider of natural gas & oil distributor, processing, and refining services | 1971 | adnoc.ae | Abu Dhabi, United Arab Emirates | |
| xrg.com |
Investor details for Covestro
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Covestro (India) Private Limited (Covestro)
Covestro (India) Private Limited is the primary company behind Covestro. The board of Covestro (India) Private Limited currently have 2 directors; the longest-serving is Avinash Manmohan Bagdi, appointed in 2015. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Avinash Manmohan Bagdi DIN 07188861 | Director | 16 Jul 2015 | 11 yrs 3 mo | Covestro (India) Private Limited |
| Anand Srinivasan DIN 08624761 | Managing Director | 29 Nov 2019 | 6 yrs 11 mo | Covestro (India) Private Limited |
People of Covestro
713 people are tracked at Covestro (227 in leadership, 11 in board & advisors, 475 in team); the tracked headcount is 17,500.
| Name | Role | Group |
|---|---|---|
Marius Wirtz | EVP - Head Of Supply Chain & Logistics APAC / MD Covestro Hong Kong | Leadership |
Shuang Liang | Director Of Manufacturing - TDI Intermediates | Leadership |
Rachel Sommerdijk | HR Business Partner | Leadership |
Urs Rauwald | Global Head Of Research & Application Development Vulkollan | Leadership |
Jack O'Malley | Head Of Specialty Sales Team North America | Leadership |
Bob Cregg | Business Director North America | Leadership |
Petr Bures | Vice President, Global Key Accounts And Sales Operations | Leadership |
Miguel Angel Montero Diaz | Head Of Commercial Operations Polycarbonates Iberia | Leadership |
Patricia McHenry | Human Resources Business Partner | Leadership |
Markus Steilemann | CEO | Leadership |
Eric Rexrode | Vice President, Head Of R&d North America | Leadership |
Thorsten Dreier | CTO & Labor Director | Leadership |
Eric Peudecoeur | Business Director Powder Coating Resins EMEA | Leadership |
Rish Kature | Head Of Procurement Operations, North America | Leadership |
Armin F. Schmidt | Head Of Sales - Global Automotive Lighting | Leadership |
Dr. Johannes Kiecherer | Head Of Curing Kinetics Thermoplasts | Leadership |
Dr. Andrea Maier-Richter | President Thermoplastic Polyurethanes | Leadership |
Annika Keck | Hr-partner | Leadership |
Katherine McEvilly | Vp, Head Of HR - US | Leadership |
Sameer Yerunkar | Sales And Marketing Head - Automotive - ISC | Leadership |
693 more people are available in the full profile.
Complete people profiles for Covestro
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of Covestro
Covestro is a publicly listed company on the XETR with ticker symbol 1CO in Germany, operating in the Process industries 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 date06 Oct 2015
- Listed onFRA: 1COV
- Listed entityCovestro AG TEMP
- Exchange sectorProcess industries
- ISINDE000A40KY26
- Share price61.90 EUR · 2025-12-07
- Market capitalisation10,903,898,585.00 EUR
- EPS (diluted, trailing year)-2.43 EUR
- Volume (last session)64,716
- Analyst consensusNeutral
Financials of Covestro
Figures of Covestro (India) Private Limited, the primary company behind Covestro, for FY 2025. Revenue was ₹4,389 Cr (+8% year on year). Net profit was ₹41.33 Cr (1% margin). EBITDA was ₹119 Cr (3% margin). Revenue has grown at a compounded annual rate of +9% over three years and +21% over five years.
- ₹4,389 CrRevenue · FY 2025 · +8% YoY
- ₹41.33 CrNet profit · 1% margin
- ₹119 CrEBITDA · 3% margin
- ₹208 CrPaid-up capital
- 368Employees (provident fund records)
- +9%Revenue CAGR, 3 years
- +21%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | 14.18B EUR | -266.0M EUR | 764.0M EUR |
| 2023 | 14.38B EUR | -198.0M EUR | 953.0M EUR |
| 2022 | 17.97B EUR | -272.0M EUR | 1.13B EUR |
| 2021 | 15.90B EUR | 1.62B EUR | 3.07B EUR |
| 2020 | 10.71B EUR | 459.0M EUR | 1.50B EUR |
Balance sheet, profit and loss, cash flow and ratios of Covestro (India) Private Limited are on its company page.
Detailed financial statements for Covestro
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Covestro
6 dated milestones of Covestro across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Covestro is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $484K.
- Funding Latest funding round, Grant, of $5.1M.
- Exit Acquired by ADNOC.
- Exit Acquired by XRG.
Web traffic of Covestro
The website of Covestro (covestro.com) receives about 141.3K visits a month and ranks #269,019 among all websites worldwide, #2,904 in Chemical Industry.
- Monthly visits141.3K
▼ 13.4% vs previous month
- Unique visitors73.4K
per month
- Global rank#269,019
among all websites
- Category rank#2,904
Heavy Industry and Engineering · Chemical Industry
- Bounce rate50%
- Pages per visit2.0
- Average visit47 sec
- DevicesDesktop 39% · Mobile 61%
Websites whose visitors overlap most with Covestro. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| foampartner.com | 100% | 1.6K | #8,484,447 | View details | |
| lubrizol.com | 100% | 196.9K | #200,397 | View details | |
sustainableplastics.com | sustainableplastics.com | 100% | #4,599,716 | – | |
| lanxess.com | 100% | 136K | #308,725 | View details | |
ulprospector.com | ulprospector.com | 100% | #45,749 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 27 similar websites and full traffic analytics for Covestro
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Related news about Covestro
Complete news archive for Covestro
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Frequently Asked Questions about Covestro
Covestro was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Covestro is headquartered in Leverkusen, Germany. It is registered at Leverkusen, North Rhine-westphalia, Germany.
Covestro has 17,500 employees.
The primary company behind Covestro, Covestro (India) Private Limited, reported revenue of ₹4,389 Cr for FY 2025, up 8% year on year.
The company was founded in 2015 and is headquartered in Leverkusen, Germany. Operations focus on the production of high-performance polymers used in automotive, electronics, and construction sectors. Materials such as polyurethanes and polycarbonates are supplied globally through the covestro.com domain. In 2023, annual revenues reached 17.71 billion, while a net loss of 0.74 billion was recorded amid market challenges.
Covestro offers Polymer Materials and Sustainable Solutions.
Yes, Covestro is publicly traded on XETR under the ticker symbol 1CO.
Covestro has 3 investors. Key investors include ADNOC, European Union, and XRG.
Covestro operates through Covestro (India) Private Limited.
Yes. Covestro was acquired by ADNOC in October 2024.
The legal entities of Covestro currently have 3 directors, including Avinash Manmohan Bagdi, Anand Srinivasan, Puneet Kapur.
The website of Covestro receives about 141 thousand visits a month and ranks #269,019 among all websites worldwide.