About ITAB
ITAB is a publicly listed company based in Jonkoping (Sweden) founded in 1978. Self-checkout solutions are provided for retail businesses worldwide. ITAB has completed 5 acquisitions, including HMY Group, JPD and La Fortezza. Its chief executive, as recorded, is Andreas Elgaard. Its website itab.com draws about 53 thousand monthly visits. Its Indian entity Nordic Light India Private Limited reported revenue of ₹3.81 Cr. ITAB offers products and services including Retail Technology, Retail Lighting, Retail Interior, and Retail Services. Its focus areas include In Store Retail Tech, POS, Autonomous Retail and Physical Stores.
Company details
ITAB was founded in 1978 in Jönköping, Sweden, and operates as a provider of self-checkout solutions within the retail technology sector. Retail businesses are supported through hardware, software, and integrated systems that facilitate customer interactions and streamline operations. An ecosystem of partners is utilized to translate brand experiences into physical store environments. Services are extended globally, with a focus on efficiency and scalability for various retail formats.
- Indian entity revenue₹3.81 Cr
FY 2025 · -65% YoY
- Indian entity net loss-₹27.7 Lakh
FY 2025 · -7% margin
- Indian entity EBITDA-₹36.9 Lakh
FY 2025 · -10% margin
- Latest Funding Round$235.3K (USD), Grant
Jan 2023
- InvestorsEuropean Union
& 1 more
- Investments & AcquisitionsHMY Group
& 4 more
Associated legal entities of ITAB
ITAB operates through Nordic Light 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 |
|---|---|---|---|---|---|---|---|
| Nordic Light India Private Limited CIN U74900KA2014FTC073090 | Active | 17 Jan 2014 | Bangalore, Karnataka | ₹3.8 Cr | 2 | View details |
Products & Services of ITAB
ITAB offers a comprehensive portfolio of products and services, including Retail Technology, Retail Lighting, Retail Interior, and Retail Services.
Provides tech for enhancing retail store environments.
Offers lighting to improve store visibility and experience.
Delivers interior solutions for retail spaces.
Includes operational and design support for retailers.
Apps and channels of ITAB
its YouTube channel ITAB Group has 448 subscribers and 30 videos.
Videos from ITAB
The most watched videos on ITAB's YouTube channel, ITAB Group (448 subscribers). Click a video to play it here.
More on ITAB Group.
Funding Insights of ITAB
- Total Rounds 2
- Last Round Grant — $235,303
- First Round $122,214
(Jan 2017)
- Investors Count 2
All 2 funding rounds of ITAB 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 |
|---|---|---|---|---|---|
| Jan 2023 | $235,303 | Grant | – | – | |
| Jan 2017 | $122,214 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in ITAB
ITAB has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Portál veřejné správy.
| 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 | |
A digital platform for public administration services in Czech Republic. | gov.cz | Czech Republic |
Investor details for ITAB
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Nordic Light India Private Limited (ITAB)
Nordic Light India Private Limited is the primary company behind ITAB. The board of Nordic Light India Private Limited currently have 2 directors; the longest-serving is Andreas Ulf Elgaard, appointed in 2020. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Andreas Ulf Elgaard DIN 08740940 | Director | 15 May 2020 | 6 yrs 5 mo | Nordic Light India Private Limited |
| Anjan Rao DIN 08759343 | Director | 16 Jun 2020 | 6 yrs 4 mo | Nordic Light India Private Limited |
People of ITAB
74 people are tracked at ITAB (34 in leadership, 7 in board & advisors, 33 in team).
| Name | Role | Group |
|---|---|---|
| CEO & President | Leadership | |
Mikael Gustavsson | Deputy CEO | Leadership |
Leandro Blank | Group Vice President Sales - Digital | Leadership |
Roshni Brown | Group Head Of Commercial Development | Leadership |
Patrick Huang | VP Operations China & Head Of ITAB Asia | Leadership |
Andréas Elgaard | President & CEO | Leadership |
Henrik Wettegård | Head Of Strategic Hardware Development | Leadership |
Klaus Schmid | Senior Vice President | Leadership |
Mikael Bengtsson | Managing Director & Vice President ITAB North America | Leadership |
Nicolò Tomassoli | CFO And VP Finance South Euorpe | Leadership |
Gilberto Frascaroli | VP Sales Domestic Country Italy | Leadership |
Tom O'Donnell | Vice President Services Portfolio Management | Leadership |
Vladimir Salovsky | Vice President Operation For Retail Technology And Lighting | Leadership |
Michael van Bergen | VP Of Sales | Leadership |
Axel Holm | Vice President Group Strategy And Transformation | Leadership |
Andrea Ciotti | VP Finance South Europe / Managing Director Italy | Leadership |
Andreas Helmersson | Acting Chief Financial Officer | Leadership |
Nick Hughes | Chief Commercial Officer (cco) | Leadership |
Chris Bright | Group Vice President, Commercial Development | Leadership |
Hülya Icöz | Head Of Order Admin / Vetriebsinnendienst Leitung | Leadership |
54 more people are available in the full profile.
Complete people profiles for ITAB
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of ITAB
ITAB is a publicly listed company on the OMXSTO with ticker symbol ITAB 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.
- IPO date21 May 2021
- Listed onLSE: 0RGW
- Listed entityITAB Shop Concept AB
- Exchange sectorProducer manufacturing
- ISINSE0015962097
- Share price16.30 SEK (+0.12% on the day) · 2026-10-14
- Market capitalisation4,155,885,522.00 SEK
- Price to earnings21.0
- EPS (diluted, trailing year)0.78 SEK
- Volume (last session)133,659
Financials of ITAB
Figures of Nordic Light India Private Limited, the primary company behind ITAB, for FY 2025. Revenue was ₹3.81 Cr (-65% year on year). Net loss was -₹27.7 Lakh (-7% margin). EBITDA was -₹36.9 Lakh (-10% margin). Revenue has grown at a compounded annual rate of +72% over three years and +13% over five years.
- ₹3.81 CrRevenue · FY 2025 · -65% YoY
- -₹27.7 LakhNet loss · -7% margin
- -₹36.9 LakhEBITDA · -10% margin
- ₹1.1 LakhPaid-up capital
- +72%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 12.78B SEK | 131.0M SEK | 1.27B SEK |
| 2024 | 6.58B SEK | 311.0M SEK | 767.0M SEK |
| 2023 | 6.14B SEK | 270.0M SEK | 711.0M SEK |
| 2022 | 6.87B SEK | 170.0M SEK | 668.0M SEK |
| 2021 | 6.09B SEK | 95.0M SEK | 661.0M SEK |
Balance sheet, profit and loss, cash flow and ratios of Nordic Light India Private Limited are on its company page.
Detailed financial statements for ITAB
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
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Investments & Acquisitions by ITAB
ITAB has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include HMY Group, JPD and La Fortezza.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Retail furniture is manufactured and supplied by HMY Group. | hmy-group.com | Moneteau, France | 1960 | Oct 2024 | $353.83M | |
Retailer of food, pharma, beauty, and electronic products | lafortezza.com | Pianoro, Italy | 2002 | Jul 2016 | $93.49M | |
JPD was established in 2008 and is based in Latvia. | jpd.lv | Latvia | 2008 | Feb 2015 | $7.28M | |
Print and publishing services are offered to clients in Norway. | reklamepartner.com | Norway | 2000 | May 2014 | $676,324 | |
Retail checkout products are designed and manufactured by Pan Oston. | panoston.com | Bowling Green, United States | 1968 | Jun 2007 | •••• |
Complete acquisition details for ITAB
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of ITAB
9 dated milestones of ITAB across 46 years, from founding to its latest funding, stage changes and deals.
- Founded ITAB is founded.
- Acquisition Acquires Pan-Oston.
- Acquisition Acquires Reklamepartner Graphics.
- Acquisition Acquires JPD.
- Acquisition Acquires La Fortezza.
- Funding First funding round of $122K.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Grant, of $235K.
- Acquisition Acquires HMY Group.
Web traffic of ITAB
The website of ITAB (itab.com) receives about 53.2K visits a month and ranks #578,375 among all websites worldwide, #4,573 in Business Services.
- Monthly visits53.2K
▲ 0.9% vs previous month
- Unique visitors18.7K
per month
- Global rank#578,375
among all websites
- Category rank#4,573
Business and Consumer Services · Business Services
- Bounce rate37%
- Pages per visit2.8
- Average visit2 min 39 sec
- DevicesDesktop 40% · Mobile 60%
Websites whose visitors overlap most with ITAB. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| confindustriaemilia.it | 100% | 32.3K | #1,017,419 | View details | |
retaildetail.nl | retaildetail.nl | 73% | #1,108,477 | – | |
pointsdevente.fr | pointsdevente.fr | 68% | #2,099,228 | – | |
| esnova.com | 64% | 16.2K | #1,568,771 | View details | |
arteuve.com | arteuve.com | 62% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for ITAB
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- 7 similar websites
- Audience overlap
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Related news about Itab
Complete news archive for ITAB
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Frequently Asked Questions about ITAB
ITAB was founded in 1978 and raised its 1st funding round 39 years after it was founded.
ITAB is headquartered in Jonkoping, Sweden. It is registered at Jonkoping, Jonkoping County, Sweden.
Andreas Elgaard is the CEO of ITAB, as recorded in our data.
The primary company behind ITAB, Nordic Light India Private Limited, reported revenue of ₹3.81 Cr for FY 2025, down 65% year on year.
ITAB was founded in 1978 in Jönköping, Sweden, and operates as a provider of self-checkout solutions within the retail technology sector. Retail businesses are supported through hardware, software, and integrated systems that facilitate customer interactions and streamline operations. An ecosystem of partners is utilized to translate brand experiences into physical store environments. Services are extended globally, with a focus on efficiency and scalability for various retail formats.
ITAB offers Retail Technology, Retail Lighting, Retail Interior, and Retail Services.
Yes, ITAB is publicly traded on OMXSTO under the ticker symbol ITAB.
ITAB has made 5 acquisitions, including HMY Group, JPD, and La Fortezza.
ITAB has 2 investors. Key investors include European Union, and Portál veřejné správy.
ITAB operates through Nordic Light India Private Limited.
The legal entities of ITAB currently have 2 directors, including Anjan Rao, Andreas Ulf Elgaard.