About Penna Cement
Penna Cement is a company based in Hyderabad (India) founded in 1991 was acquired by Ambuja Cements in June 2024.. Penna Cement operates in a competitive market with competitors including Sagar Cements, Dalmia Bharat, Ambuja Cements, JSW Cement and Wonder Cement, among others.
- Headquarter Hyderabad, India
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Annual Revenue
$151.12 M (USD)-38as on Mar 31, 2024
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Net Profit
$-62.5 M (USD)-178as on Mar 31, 2024
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EBITDA
$-30.47 M (USD)-315as on Mar 31, 2024
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Ambuja Cements
(Jun 13, 2024)
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Funding Insights of Penna Cement
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Penna Cement
Penna Cement has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ambuja Cements. 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 |
|---|---|---|---|---|
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Cement and building materials are manufactured by Ambuja Cements.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Penna Cement
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Penna Cement
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Penna Cement Comparisons
Competitors of Penna Cement
Penna Cement 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 Sagar Cements, Dalmia Bharat, Ambuja Cements, JSW Cement and Wonder Cement, 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 |
Cement production is managed by Sagar Cements in India.
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| domain | founded_year | HQ Location |
Cement and sugar are produced by Dalmia Bharat.
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| domain | founded_year | HQ Location |
Cement and building materials are manufactured by Ambuja Cements.
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| domain | founded_year | HQ Location |
Cement, aggregates, additives, and ready-mix concrete are manufactured.
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| domain | founded_year | HQ Location |
Manufacturer of cement materials
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| domain | founded_year | HQ Location |
Cement is manufactured by Orient Cement in India.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Penna Cement
Frequently Asked Questions about Penna Cement
When was Penna Cement founded?
Penna Cement was founded in 1991.
Where is Penna Cement located?
Penna Cement is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
What is the annual revenue of Penna Cement?
Annual revenue of Penna Cement is $151.12M as on Mar 31, 2024.
What does Penna Cement do?
Penna Cement was established in 1991 and is headquartered in Hyderabad, India. Operations center on the production of cement products within the construction materials sector. Manufacturing and distribution activities support building infrastructure needs across India. The companys online presence is maintained through pennacement.com. Leadership is held by Managing Director Vivek Narasimhan, overseeing core functions in the industry.
Who are the top competitors of Penna Cement?
Penna Cement's top competitors include Sagar Cements, JSW Cement and Wonder Cement.
Who are Penna Cement's investors?
Penna Cement has 1 investor. Key investors include Ambuja Cements.