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. 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
- Stage Public
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website meritor.com
- Social LinkedIn X Facebook
- Acquired by Cummins (Feb 2022)
- Legal Name Meritor Commercial Vehicle Systems India Private Limited
- Date of Incorporation 11 Sep, 2008
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹50.30 Cr
FY 2024 · -13% YoY
- Net Profit₹6.99 Cr
FY 2024 · 14% margin
- EBITDA₹11.82 Cr
FY 2024 · 23% margin
- Investors
- Employee Count120
- Investments & AcquisitionsAA Gear & Manufacturing
& 3 more
- Acquired byCummins
(Feb 2022)
Associated legal entities of Meritor
Meritor is associated with 3 registered companies on The Company Check; the primary company is Meritor Commercial Vehicle Systems India Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Meritor Commercial Vehicle Systems India Private Limited CIN U34200KA2008PTC047758 | Active | 11 Sep 2008 | Bangalore, Karnataka | ₹50.3 Cr | 120 | 3 | View details |
| Axletech India Private Limited CIN U74140DL2011FTC228291 | Active | 05 Dec 2011 | New Delhi, Delhi | ₹115 Cr | 18 | 2 | View details |
| Meritor Hvs (India) Limited CIN U29221KA1998PLC023383 | Active | 13 Feb 1998 | Mysore, Karnataka | ₹1,989 Cr | 69 | 5 | View details |
Investors in Meritor
Meritor has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cummins.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Manufacturer of gas-powered construction equipment | 1919 | cummins.com | United States |
Investor details for Meritor
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Board of directors of Meritor Commercial Vehicle Systems India Private Limited (Meritor)
Meritor Commercial Vehicle Systems India Private Limited is the primary company behind Meritor. The boards of the 3 registered companies of Meritor currently have 10 directors; the longest-serving is Babasaheb Neelkanth Kalyani, appointed in 1999. 62 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Babasaheb Neelkanth Kalyani DIN 00089380 | Director | 25 Mar 1999 | 27 yrs 6 mo | Meritor Hvs (India) Limited |
| Bhoopalam Chandrashekharaiah Prabhakar DIN 00040052 | Director | 05 Aug 2015 | 11 yrs 2 mo | Meritor Hvs (India) Limited |
| Jose Arturo Ramos Jr DIN 08215214 | Director | 04 Sep 2018 | 8 yrs 1 mo | Meritor Commercial Vehicle Systems India Private Limited |
| Voji Almeda DIN 08744378 | Director | 15 Jun 2020 | 6 yrs 3 mo | Axletech India Private Limited |
| Kenneth James Hogan DIN 09161738 | Director | 14 May 2021 | 5 yrs 4 mo | Meritor Hvs (India) Limited |
| Pradeep Dhruvaraj Mirji DIN 09224195 | Director | 28 Sep 2021 | 5 yrs | Meritor Commercial Vehicle Systems India Private Limited |
| Vittal Ramachandra Raddi DIN 10074429 | Whole-time director | 29 Mar 2023 | 3 yrs 6 mo | Meritor Commercial Vehicle Systems India Private Limited |
| Kishan Kumar Udupi DIN 09718569 | Whole-time director | 14 Jun 2024 | 2 yrs 3 mo | Meritor Hvs (India) Limited |
| Cristina Margarita Burrola Marrufo DIN 10822511 | Director | 30 Oct 2024 | 1 yr 11 mo | Meritor Hvs (India) Limited |
| Hitesh Dang DIN 10738617 | Director | 18 Dec 2024 | 1 yr 9 mo | Axletech India Private Limited |
People of Meritor
856 people are tracked at Meritor (268 in leadership, 11 in board & advisors, 577 in team); the tracked headcount is 120.
| Name | Role | Group |
|---|---|---|
Jay Craig | Chairman | Leadership |
Satish Mulay | Director -hr | Leadership |
Rushil Basavaraj | Director, Product Strategy | Leadership |
Josette Calleja | VP Industrial Sales, Canada | Leadership |
Katie Zarich | Director, On-highway Communications | Leadership |
Scott Waters | Global Sourcing Director: Power Systems Categories | Leadership |
Shashiraj Shanbhag | Vice President, Product & Service Management - Canada | Leadership |
Aaron Morris | Director, H&s Engine Business | Leadership |
Ankit Patel | Director Of Research Development | Leadership |
Elijah Tuuri | Director Innovation & Foresight | Leadership |
Wade Romeyn | Area Director - Western (western Australia, South Australia & Northern Territory) | Leadership |
Michael Murry | Power Generation Sales Director | Leadership |
Taila Paraone | Senior Talent Acquisition Business Partner | Leadership |
Brad Henke | Director, Supply Chain Transformation | Leadership |
Devendra Rane | Director - PSBU India Supply Chain Planning And Logistic | Leadership |
Chitra Bhagat | Director, Analytics Business Solutions Design | Leadership |
Rakesh Sharma | HRIS Director | Leadership |
Lyle Kocher | Director - Advanced Engineering | Leadership |
Amy Davis | VP & President, New Power Segment | Leadership |
John Clark | Executive Director Research & Development | Leadership |
836 more people are available in the full profile.
Complete people profiles for Meritor
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Financials of Meritor
Figures of Meritor Commercial Vehicle Systems India Private Limited, the primary company behind Meritor, for FY 2024. Revenue was ₹50.30 Cr (-13% year on year). Net profit was ₹6.99 Cr (14% margin). EBITDA was ₹11.82 Cr (23% margin). Revenue has grown at a compounded annual rate of +2% over three years and -2% over five years.
- ₹50.30 CrRevenue · FY 2024 · -13% YoY
- ₹6.99 CrNet profit · 14% margin
- ₹11.82 CrEBITDA · 23% margin
- ₹4 LakhPaid-up capital
- 120Employees (provident fund records)
- +2%Revenue CAGR, 3 years
- -2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Meritor Commercial Vehicle Systems India Private Limited are on its company page.
Detailed financial statements for Meritor
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Electric drive systems for commercial vehicles and battery energy storage systems | transpowerusa.com | Poway, United States | 2010 | Jan 2020 | •••• | |
Axle components, brakes, and aftermarket parts are manufactured and supplied. | axletech.com | Troy, United States | 2002 | May 2019 | $175M | |
Transmission parts including gears and shafts are manufactured and supplied. | aa-gear.com | Howell, United States | 1970 | Apr 2018 | •••• | |
Provider of high volume machining, manufacturing, shipping container management, and other services | euclidindustries.com | Bay, United States | 1978 | Aug 2014 | •••• |
Complete acquisition details for Meritor
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Timeline of Meritor
7 dated milestones of Meritor across 113 years, from founding to its latest funding, stage changes and deals.
- Founded Meritor is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Euclid Industries.
- Acquisition Acquires AA Gear & Manufacturing.
- Acquisition Acquires AxleTech.
- Acquisition Acquires TransPower.
- Exit Acquired by Cummins.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zf.com | 1915 | Friedrichshafen, Germany | – | 168,700 | Mobility systems are developed for cars, vehicles, and industrial uses. | |
| cummins.com | 1919 | United States | – | 36,826 | Manufacturer of gas-powered construction equipment | |
| cooperstandard.com | 1960 | Novi, United States | $51.1M | 40 | Systems and components for the automotive industry are supplied worldwide. | |
| schaeffler.com | 1946 | Herzogenaurach, Germany | – | 90,151 | Manufacturer of bearings for the automotive industry | |
| valeo.com | 1923 | Paris, France | – | 124 | Automotive products and services are supplied globally to automakers. | |
| mahle.com | 1920 | Stuttgart, Germany | – | 109 | Automotive cooling systems, pistons, and aftermarket components are manufactured. | |
| continental.com | 1871 | Hannover, Germany | – | 141 | Continental is recognized as a leading tire manufacturer globally. | |
| delphi.com | 1994 | Auburn Hills, United States | – | – | Manufacturer and supplier of automotive parts to OEMs | |
| faurecia.com | 1997 | Nanterre, France | – | – | Automotive components and systems are manufactured for vehicles. |
Detailed competitors of Meritor
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Web traffic of Meritor
The website of Meritor (meritor.com) receives about 2.6K visits a month.
- Monthly visits2.6K
▲ 353.7% vs previous month
Websites whose visitors overlap most with Meritor. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| meritorwabco.com | 100% | – | – | View details | |
| hendrickson-intl.com | 86% | – | #462,807 | View details | |
meritorpartsonline.com | meritorpartsonline.com | 85% | – | – | – |
| accuridecorp.com | 84% | 14K | #1,734,247 | View details | |
| accuridewheelendsolutions.com | 83% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Meritor
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Latest news on Meritor
Complete news archive for Meritor
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Similar companies to Meritor
10 companies that operate in the same segment as Meritor (Automotive Manufacturing & Components), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of infotainment and audio solutions for multiple sectors | 1980 | Stamford, Connecticut, United States | – | – | – | |
Manufacturer of gas-powered construction equipment | 1919 | United States | – | USD 1.21 B | 5,230 | |
Electrical and electronic parts for automobiles are provided by SEDEMAC. | 2007 | Pune, Maharashtra, India | USD 26.22 M | USD 32.69 M | 415 | |
Manufacturer of forklifts, warehouse equipment and other industrial trucks | 2006 | Germany | USD 587.14 M | USD 13.28 B | 42,720 | |
Automobiles and related products are manufactured by Volvo Cars. | 1927 | Goteborg, Vastra Gotaland, Sweden | USD 1.07 B | USD 38.79 B | 42,600 | |
Motor vehicles and parts are manufactured, imported, distributed, and sold. | 1994 | Irvine, California, United States | – | USD 79.03 B | 35,750 | |
Automotive manufacturing company | 1916 | Munchen, Bayern, Germany | – | USD 156.8 B | – | |
Rechargeable batteries are distributed globally by BYD. | 1994 | Los Angeles, California, United States | – | – | 269 | |
Automotive vehicles including cars, trucks, and SUVs are manufactured. | 1957 | Plano, Texas, United States | – | – | – | |
Motorcycles are manufactured, along with parts, apparel, and financial services. | 1903 | Milwaukee, Wisconsin, United States | – | USD 4.47 B | 5,900 |
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Frequently Asked Questions about Meritor
Meritor was founded in 1909.
Meritor is headquartered in Troy, United States.
Meritor has 120 employees.
The primary company behind Meritor, Meritor Commercial Vehicle Systems India Private Limited, reported revenue of ₹50.30 Cr for FY 2024, down 13% year on year.
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.
Meritor's top competitors include Cummins, Valeo and Cooper Standard.
Meritor has made 4 acquisitions, including AA Gear & Manufacturing, AxleTech, and Euclid Industries.
Meritor has 1 investor. Key investors include Cummins.
Meritor is associated with 3 legal entities: Meritor Commercial Vehicle Systems India Private Limited, Meritor Hvs (India) Limited, Axletech India Private Limited.
Yes. Meritor was acquired by Cummins in February 2022.
The legal entities of Meritor currently have 10 directors, including Kenneth James Hogan, Bhoopalam Chandrashekharaiah Prabhakar, Babasaheb Neelkanth Kalyani and others.