About Involute Technology
Involute Technology is an Industrial Goods & Manufacturing company based in Pune (India) founded in 1984, and was acquired by BMT Group in August 2015. Transmission components are manufactured for agriculture and industrial sectors. The company has 594 employees. Its Indian entity Igw India Technologies Private Limited reported revenue of ₹411 Cr. Its focus areas include Industrial Goods and Manufacturing, Industrial Automation Equipment, Mechanical Systems and Manufacturers.
Company details
Involute Technology produces transmission gears, shafts, assemblies and sub-assemblies for agriculture, construction, automotive, hydraulics, marine and industrial sectors. Its customer base expands in countries like USA, UK, Japan, Europe, and South-East Asian countries. The company earns 65 of its revenue through direct and deemed exports. The company has 4 manufacturing plants currently in operation and the fifth plant is under commission, all in Pune. The company is having the capacity to manufacture 400,000 gears per month. Its clientele includes John Deere, Mahindra, Force, JCB and many more. BMT acquired a controlling stake in the company for US26M in Aug 2015.
- Headquarters Pune, India
- Employees 594
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Website involutegear.com
- Social LinkedIn
- Acquired by BMT Group (Aug 2015)
- Legal Name Igw India Technologies Private Limited
- Date of Incorporation 09 Jun, 1999
- Jurisdiction Alandi, Maharashtra, India
Associated legal entities of Involute Technology
Involute Technology operates through Igw India Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Igw India Technologies Private Limited CIN U30305PN1999PTC013717 | Active | 09 Jun 1999 | Alandi, Maharashtra | ₹411 Cr | 594 | 4 | View details |
Investors in Involute Technology
Involute Technology has secured backing from 1 investor. Prominent investors backing the company include BMT Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Manufactures, design and setup of flat-glass lines and glass furnaces. | 1882 | bmt.lu | Mamer, Luxembourg |
Investor details for Involute Technology
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- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Igw India Technologies Private Limited (Involute Technology)
Igw India Technologies Private Limited is the primary company behind Involute Technology. The board of Igw India Technologies Private Limited currently have 3 directors; the longest-serving is Jean Christophe Seynaeve, appointed in 2015. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jean Christophe Seynaeve DIN 07145653 | Director | 24 Jun 2015 | 11 yrs 4 mo | Igw India Technologies Private Limited |
| Johan Octaaf R De Lille DIN 07145614 | Director | 24 Jun 2015 | 11 yrs 4 mo | Igw India Technologies Private Limited |
| Vikas Dudeja DIN 07085139 | Managing Director | 01 Apr 2020 | 6 yrs 6 mo | Igw India Technologies Private Limited |
Financials of Involute Technology
Figures of Igw India Technologies Private Limited, the primary company behind Involute Technology, for FY 2023. Revenue was ₹411 Cr (+8% year on year). Net profit was ₹13.27 Cr (3% margin). EBITDA was ₹63.03 Cr (15% margin). Revenue has grown at a compounded annual rate of +24% over three years and +13% over five years.
- ₹411 CrRevenue · FY 2023 · +8% YoY
- ₹13.27 CrNet profit · 3% margin
- ₹63.03 CrEBITDA · 15% margin
- ₹9.57 CrPaid-up capital
- 594Employees (provident fund records)
- +24%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Igw India Technologies Private Limited are on its company page.
Detailed financial statements for Involute Technology
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of Involute Technology
2 dated milestones of Involute Technology across 31 years, from founding to its latest funding, stage changes and deals.
- Founded Involute Technology is founded.
- Exit Acquired by BMT Group.
Top companies in Industrial Automation & Robotics
2 companies that operate in the same segment as Involute Technology (Industrial Automation & Robotics) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of Industrial and Consumer Electric Equipment | 1937 | Mumbai, Maharashtra, India | USD 1.32 B | 4,840 | ||
Electrical equipment for domestic and industrial applications is manufactured. | 1983 | Noida, Uttar Pradesh, India | USD 2.4 B | 36,380 |
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Frequently Asked Questions about Involute Technology
Involute Technology was founded in 1984.
Involute Technology is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Involute Technology has 594 employees.
The primary company behind Involute Technology, Igw India Technologies Private Limited, reported revenue of ₹411 Cr for FY 2023, up 8% year on year.
Involute Technology produces transmission gears, shafts, assemblies and sub-assemblies for agriculture, construction, automotive, hydraulics, marine and industrial sectors. Its customer base expands in countries like USA, UK, Japan, Europe, and South-East Asian countries. The company earns 65 of its revenue through direct and deemed exports. The company has 4 manufacturing plants currently in operation and the fifth plant is under commission, all in Pune. The company is having the capacity to manufacture 400,000 gears per month. Its clientele includes John Deere, Mahindra, Force, JCB and many more. BMT acquired a controlling stake in the company for US26M in Aug 2015.
Involute Technology has 1 investor. Key investors include BMT Group.
Involute Technology operates through Igw India Technologies Private Limited.
Yes. Involute Technology was acquired by BMT Group in August 2015.
The legal entities of Involute Technology currently have 4 directors, including Vikas Dudeja, Jean Christophe Seynaeve, Johan Octaaf R De Lille and others.