About Meritor
Meritor is a company based in Troy (United States) founded in 1909 was acquired by Cummins in February 2022.. The company has 120 employees as of April 02, 2024. Meritor has completed 4 acquisitions, including AA Gear & Manufacturing, AxleTech and Euclid Industries. Meritor operates in a competitive market with competitors including ZF, Cummins, Cooper Standard, Schaeffler and Valeo, among others.
- Headquarter Troy, United States
- Employees 120 as on 02 Apr, 2024
- Stage Public
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Meritor Commercial Vehicle Systems India Private Limited
- Date of Incorporation 11 Sep, 2008
- Jurisdiction Bangalore, Karnataka, India
-
Annual Revenue
$6.92 M (USD)6.16as on Mar 31, 2023
-
Net Profit
$840.37 K (USD)3.14as on Mar 31, 2023
-
EBITDA
$1.42 M (USD)-2.75as on Mar 31, 2023
-
Latest Funding Round
- Investors
-
Employee Count
120
as on Apr 02, 2024
-
Investments & Acquisitions
AA Gear & Manufacturing
& 3 more
-
Acquired by
Cummins
(Feb 22, 2022)
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
Unlock access to complete
Unlock access to complete
Software Development Team
326 people
Leadership Team
98 people
Sales and Marketing
60 people
Product Management Team
52 people
Finance and Accounting
37 people
Senior Team
35 people
Human Resources and Administration
28 people
Operations Team
28 people
Unlock access to complete
Funding Insights of Meritor
| 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 Meritor
Meritor has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cummins. 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 |
|---|---|---|---|---|
|
Manufacturer of gas-powered construction equipment
|
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 Meritor
Meritor has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include AA Gear & Manufacturing, AxleTech and Euclid Industries. 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 |
|---|---|---|---|---|---|
|
Electric drive systems for commercial vehicles and battery energy storage systems
|
2010 | ||||
|
Axle components, brakes, and aftermarket parts are manufactured and supplied.
|
2002 | ||||
|
Provider of high volume machining, manufacturing, shipping container management, and other services
|
1978 |
| 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 - Meritor
| 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 |
Meritor Comparisons
Competitors of Meritor
Meritor 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 ZF, Cummins, Cooper Standard, Schaeffler and Valeo, 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 |
Mobility systems are developed for cars, vehicles, and industrial uses.
|
|
| domain | founded_year | HQ Location |
Manufacturer of gas-powered construction equipment
|
|
| domain | founded_year | HQ Location |
Systems and components for the automotive industry are supplied worldwide.
|
|
| domain | founded_year | HQ Location |
Manufacturer of bearings for the automotive industry
|
|
| domain | founded_year | HQ Location |
Automotive products and services are supplied globally to automakers.
|
|
| domain | founded_year | HQ Location |
Automotive cooling systems, pistons, and aftermarket components are manufactured.
|
| 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 Meritor
Frequently Asked Questions about Meritor
When was Meritor founded?
Meritor was founded in 1909.
Where is Meritor located?
Meritor is headquartered in Troy, United States.
How many employees does Meritor have?
As of Apr 02, 2024, the latest employee count at Meritor is 120.
What is the annual revenue of Meritor?
Annual revenue of Meritor is $6.92M as on Mar 31, 2023.
What does Meritor do?
Meritor was founded in 1909 and is headquartered in Troy, United States. Drive and motion technologies are developed and supplied to original equipment manufacturers and aftermarket customers. Axles, drivelines, braking systems, and suspension components are produced for medium- and heavy-duty trucks, as well as commercial and industrial vehicles, supporting global fleet operations in the transportation sector.
Who are the top competitors of Meritor?
Meritor's top competitors include Cummins, Valeo and Cooper Standard.
How many acquisitions has Meritor made?
Meritor has made 4 acquisitions, including AA Gear & Manufacturing, AxleTech, and Euclid Industries.
Who are Meritor's investors?
Meritor has 1 investor. Key investors include Cummins.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.