About Picanol
Picanol is a company based in Kortrijk (Belgium) founded in 1936, and was acquired by Tessenderlo in March 2023. An augmented reality app for visualizing printed documents is provided. The company has 45 employees. Its chief executive, as recorded, is Md Hossen. Its website picanol.be draws about 10 thousand monthly visits. Its Indian entity Picanol India Private Limited reported revenue of ₹11.69 Cr. Picanol offers products and services including Weaving Machines and Parts and Accessories.
Company details
Founded in 1936 in Kortrijk, Belgium, the company operates in the augmented reality sector. An app named Picanol is developed to enable visualization of printed stories, advertisements, and brochures within superimposed environments. Compatibility is ensured with iOS and Android devices. Operations focus on integrating digital overlays with physical media for enhanced user interaction across mobile platforms.
- Headquarters Kortrijk, Belgium
- Employees 45
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website picanol.be/en
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Tessenderlo (Mar 2023)
- Legal Name Picanol India Private Limited
- Date of Incorporation 17 Oct, 2007
- Jurisdiction Delhi, India
- Indian entity revenue₹11.69 Cr
FY 2022 · +16% YoY
- Indian entity net profit₹1.06 Cr
FY 2022 · 9% margin
- Indian entity EBITDA₹2.78 Cr
FY 2022 · 24% margin
- Investors
- Employee Count45
- Acquired byTessenderlo
(Mar 2023)
Associated legal entities of Picanol
Picanol operates through Picanol India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Picanol India Private Limited CIN U17291DL2007PTC169500 | Active | 17 Oct 2007 | New Delhi, Delhi | ₹11.7 Cr | 45 | 3 | View details |
Products & Services of Picanol
Picanol offers a comprehensive portfolio of products and services, including Weaving Machines and Parts and Accessories.
High-tech weaving machines are developed for airjet and rapier technology in manufacturing processes.
Original quality parts and accessories are provided to ensure the continued performance of weaving machines.
Apps and channels of Picanol
its YouTube channel Picanol has 9.43K subscribers and 30 videos.
Videos from Picanol
The most watched videos on Picanol's YouTube channel, Picanol (9.43K subscribers). Click a video to play it here.
More on Picanol.
Investors in Picanol
Picanol has secured backing from 1 investor. Prominent investors backing the company include Tessenderlo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Industrial solutions are provided for agriculture and bio-residual valorization. | 1919 | tessenderlo.com | Brussels, Belgium |
Investor details for Picanol
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 Picanol India Private Limited (Picanol)
Picanol India Private Limited is the primary company behind Picanol. The board of Picanol India Private Limited currently have 3 directors; the longest-serving is Luc Jules Remi Marie Tack, appointed in 2009. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Luc Jules Remi Marie Tack DIN 02829863 | Director | 15 Dec 2009 | 16 yrs 10 mo | Picanol India Private Limited |
| Johan Cyriel Remi Verstraete DIN 02829871 | Director | 15 Dec 2009 | 16 yrs 10 mo | Picanol India Private Limited |
| Kasiviswanathan Palanisamy DIN 03294600 | Director | 06 May 2024 | 2 yrs 5 mo | Picanol India Private Limited |
People of Picanol
14 people are tracked at Picanol (3 in leadership, 11 in team); the tracked headcount is 45.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
Md Hossen | CEO | Leadership |
Cai Zhijie | Sales director Picanol Suzhou | Leadership |
Patrick MA | Sales Manager, China - BU Technical | Team |
Emma Dewulf | Sales Administration | Team |
IAN HOLLIS | Aftermarket Sales Manager | Team |
Sigurd Blondeel | Area Sales Manager | Team |
Kishor Kukadia | Area Sales Manager | Team |
Lieven Engelbeen | Sales Manager | Team |
Sarah Baelde | Sales Administration Coordinator | Team |
Utkarsh Srivastava | Area Sales Manager | Team |
Sathiamoorthy S | After Market Sales Manager | Team |
Vincent Geldhof | International Sales Manager | Team |
Romina Dupulthys | Sales Administration Assistant | Team |
Complete people profiles for Picanol
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.
Financials of Picanol
Figures of Picanol India Private Limited, the primary company behind Picanol, for FY 2022. Revenue was ₹11.69 Cr (+16% year on year). Net profit was ₹1.06 Cr (9% margin). EBITDA was ₹2.78 Cr (24% margin). Revenue has grown at a compounded annual rate of +1% over three years and +5% over five years.
- ₹11.69 CrRevenue · FY 2022 · +16% YoY
- ₹1.06 CrNet profit · 9% margin
- ₹2.78 CrEBITDA · 24% margin
- ₹3.87 CrPaid-up capital
- 45Employees (provident fund records)
- +1%Revenue CAGR, 3 years
- +5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Picanol India Private Limited are on its company page.
Detailed financial statements for Picanol
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Picanol
3 dated milestones of Picanol across 87 years, from founding to its latest funding, stage changes and deals.
- Founded Picanol is founded.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by Tessenderlo.
Web traffic of Picanol
The website of Picanol (picanol.be) receives about 10.5K visits a month.
- Monthly visits10.5K
▲ 51.5% vs previous month
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
Frequently Asked Questions about Picanol
Picanol was founded in 1936.
Picanol is headquartered in Kortrijk, Belgium. It is registered at Kortrijk, West Flanders, Belgium.
Md Hossen is the CEO of Picanol, as recorded in our data.
Picanol has 45 employees.
The primary company behind Picanol, Picanol India Private Limited, reported revenue of ₹11.69 Cr for FY 2022, up 16% year on year.
Founded in 1936 in Kortrijk, Belgium, the company operates in the augmented reality sector. An app named Picanol is developed to enable visualization of printed stories, advertisements, and brochures within superimposed environments. Compatibility is ensured with iOS and Android devices. Operations focus on integrating digital overlays with physical media for enhanced user interaction across mobile platforms.
Picanol offers Weaving Machines and Parts and Accessories.
Picanol has 1 investor. Key investors include Tessenderlo.
Picanol operates through Picanol India Private Limited.
Yes. Picanol was acquired by Tessenderlo in March 2023.
The legal entities of Picanol currently have 3 directors, including Luc Jules Remi Marie Tack, Johan Cyriel Remi Verstraete, Kasiviswanathan Palanisamy.