
About Seco
Seco is a company based in Fagersta (Sweden) founded in 1936. The company has 592 employees. Seco has completed 6 acquisitions, including Diamond Tool Coating, FANAR and Niagara Cutter. Seco offers products and services including Carbide Inserts and Tooling Systems.
- Headquarter Fagersta, Sweden
- Employees 592
- SectorsIndustrial Goods & Manufacturing
- Website category Heavy Industry and Engineering · Metals and Mining
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website secotools.com
- Social LinkedIn X Facebook
- Legal Name Seco Tools India Private Limited
- Date of Incorporation 27 May, 1996
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹554 Cr
FY 2025 · +6% YoY
- Net Profit₹28.25 Cr
FY 2025 · 5% margin
- EBITDA₹76.02 Cr
FY 2025 · 14% margin
- Latest Funding Round$217.03K (USD), Grant
Jul 2018
- Investors
- Employee Count592
- Investments & AcquisitionsDiamond Tool Coating
& 5 more
Associated legal entities of Seco
Seco operates through Seco Tools 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 |
|---|---|---|---|---|---|---|---|
| Seco Tools India Private Limited CIN U28932PN1996PTC016924 | Active | 27 May 1996 | Pune, Maharashtra | ₹554 Cr | 592 | 5 | View details |
Products & Services of Seco
Seco offers a comprehensive portfolio of products and services, including Carbide Inserts and Tooling Systems.
Carbide inserts for milling and holemaking are supplied by Seco Tools to facilitate various industrial applications.
Tooling systems for high-feed milling and hydraulic chucks are provided by Seco Tools to enhance manufacturing efficiency.
Funding Insights of Seco
- Total Rounds 2
- Last Round Grant β $217,025
- First Round $353,423
(Feb 2016)
- Investors Count 1
All 2 funding rounds of Seco 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 |
|---|---|---|---|---|---|
| Jul 2018 | $217,025 | Grant | β | β | |
| Feb 2016 | $353,423 | Grant | β | β |
1 investors in total: 1 institutional.
Investors in Seco
Seco has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union.
| 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 |
Investor details for Seco
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Seco Tools India Private Limited (Seco)
Seco Tools India Private Limited is the primary company behind Seco. The board of Seco Tools India Private Limited currently have 5 directors; the longest-serving is Kjell Daniel Eriksson, appointed in 2024. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kjell Daniel Eriksson DIN 10558534 | Director | 21 Mar 2024 | 2 yrs 6 mo | Seco Tools India Private Limited |
| Oksana Anatolyevna Wade DIN 10566380 | Director | 27 Mar 2024 | 2 yrs 6 mo | Seco Tools India Private Limited |
| Hans Ronnie Bylund DIN 10776073 | Director | 12 Sep 2024 | 2 yrs | Seco Tools India Private Limited |
| Kerstin Maria Bokmark DIN 10811437 | Director | 17 Oct 2024 | 1 yr 11 mo | Seco Tools India Private Limited |
| Atul Sudhakarrao Mohkhedkar DIN 11103200 | Managing Director | 12 May 2025 | 1 yr 4 mo | Seco Tools India Private Limited |
People of Seco
225 people are tracked at Seco (55 in leadership, 170 in team); the tracked headcount is 592.
| Name | Role | Group |
|---|---|---|
T Jayaraman | Owner | Leadership |
Fredrik Vejgarde | CEO & President | Leadership |
Lotta Brounéus Borgström | Global Human Resources Business Partner | Leadership |
Ann-Christine Nilsson | Head Of Seco Tools Division Controlling & Finance Development | Leadership |
Victor Folkebrant | Chief Of Staff Seco | Leadership |
Robert Duda | Finance Director PL & Baltics | Leadership |
Neeraj Bhardwaj | General Manager - Business Controller | Leadership |
Matthias Knull | Head Of Business Management, Purchase & Facility Management | Leadership |
Francis Richt | Director - Global Offer & Innovation - Round Tools & Tooling Systems | Leadership |
Kati MacGilleon | Director CIO Office | Leadership |
Nagesh Shekhadar | General Manager Indirect Purchase | Leadership |
| Director Of Tools Production | Leadership | |
Eurion Kemish | Director Sales Europe | Leadership |
Andrew Hunter | Vice President Of Sales And Marketing Seco Tools | Leadership |
Jimmy Kristo | Sales Operations Director | Leadership |
Rob Keenan | Regional Vice President - Americas | Leadership |
Daniel Sikora | Head Of Global Learning & Development | Leadership |
Francesco Casano | Global HRBP Business Development - HR Director Seco Tools Italy | Leadership |
Adrian Cox | Head Of Global Quality Assurance | Leadership |
Evelyn Dorssers-Bergs | Head Of HR Operational Excellence | Leadership |
205 more people are available in the full profile.
Complete people profiles for Seco
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Financials of Seco
Figures of Seco Tools India Private Limited, the primary company behind Seco, for FY 2025. Revenue was ₹554 Cr (+6% year on year). Net profit was ₹28.25 Cr (5% margin). EBITDA was ₹76.02 Cr (14% margin). Revenue has grown at a compounded annual rate of +5% over three years and +8% over five years.
- ₹554 CrRevenue · FY 2025 · +6% YoY
- ₹28.25 CrNet profit · 5% margin
- ₹76.02 CrEBITDA · 14% margin
- ₹4.50 CrPaid-up capital
- 592Employees (provident fund records)
- +5%Revenue CAGR, 3 years
- +8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Seco Tools India Private Limited are on its company page.
Detailed financial statements for Seco
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Investments & Acquisitions by Seco
Seco has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Diamond Tool Coating, FANAR and Niagara Cutter.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Lathe and drilling machines are manufactured by Premier Machine Tools. | premiermachinetools.net | Chennai, India | 1980 | Feb 2023 | β’β’β’β’ | |
Premier Machine Tools is engaged in supplying CNC machine tools and carbide cutting tools in Ireland. | premiermachinetools.ie | Kildare, Ireland | 2000 | Feb 2023 | β’β’β’β’ | |
Cutting tools for metalworking are manufactured by FANAR. | fanar.pl | – | 1966 | Nov 2021 | β’β’β’β’ | |
Manufacturer & supplier of carbide drill, reamer, milling cutter, and other cutting tools | osktool.com | Suzhou, China | 2006 | Nov 2018 | β’β’β’β’ | |
Diamond coated cutting tools are manufactured for industrial applications. | diamondtc.com | North Tonawanda, United States | 2000 | Dec 2010 | β’β’β’β’ | |
Offers cutting tools to the aircraft, power generation and general metalworking industries | niagaracutter.com | Reynoldsville, United States | 1954 | Dec 2010 | β’β’β’β’ |
Complete acquisition details for Seco
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
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- Exports
Verified entity values are shown only after access is granted.
Timeline of Seco
9 dated milestones of Seco across 87 years, from founding to its latest funding, stage changes and deals.
- Founded Seco is founded.
- Acquisition Acquires Niagara Cutter.
- Acquisition Acquires Diamond Tool Coating.
- Funding First funding round of $353K.
- Funding Latest funding round, Grant, of $217K.
- Acquisition Acquires OSK Cutting Technology Co.
- Acquisition Acquires FANAR.
- Acquisition Acquires Premier Machine Tools.
- Acquisition Acquires Premier Machine Tools.
Web traffic of Seco
The website of Seco (secotools.com) receives about 184.3K visits a month and ranks #214,897 among all websites worldwide, #2,102 in Metals and Mining.
- Monthly visits184.3K
▲ 8.1% vs previous month
- Unique visitors73K
per month
- Global rank#214,897
among all websites
- Category rank#2,102
Heavy Industry and Engineering · Metals and Mining
- Bounce rate38%
- Pages per visit3.1
- Average visit1 min 43 sec
- DevicesDesktop 46% Β· Mobile 55%
Websites whose visitors overlap most with Seco. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| iscar.com | 100% | 680.7K | #139,267 | View details | |
| guhring.com | 91% | – | #464,629 | View details | |
| kennametal.com | 86% | 236.4K | #127,116 | View details | |
bigdaishowa.com | bigdaishowa.com | 86% | – | #885,831 | β |
| ingersoll-imc.com | 85% | – | #309,853 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 40 similar websites and full traffic analytics for Seco
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Verified entity values are shown only after access is granted.
Latest news on Seco
Complete news archive for Seco
Full article history, source details, and older brand coverage require an active premium plan.
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- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Seco
10 companies that operate in the same segment as Seco (Metals & Minerals), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
3M is recognized as a global leader in industrial innovation. | 1902 | United States | – | USD 24.95 B | 74 | |
Diversified products are provided across health, lighting, and consumer sectors. | 1891 | Amsterdam, Netherlands | – | USD 20.95 B | 67,820 | |
Diversified conglomerate operating across multiple industries | 1919 | Tokyo, Tokyo, Japan | – | USD 45.77 B | 73 | |
Traditional conglomerate services are provided across multiple sectors by Mitsui. | 1947 | Chiyoda, Tokyo, Japan | – | USD 87.78 B | 146 | |
Metals and minerals are produced and supplied worldwide. | 1974 | Baar, Zug, Switzerland | USD 2.2 B | USD 252.73 B | 150,000 | |
Multiple real estate strategies are pursued by Al-Futtaim. | 1930 | Dubai, Dubai, United Arab Emirates | USD 500 M | – | – | |
Mineral-based specialty solutions are supplied for industrial applications. | 1880 | Paris, France | USD 1.56 B | USD 3.97 B | 12,900 | |
Manufacturer of pipes, plates & coils, and home textile products | 1985 | Mumbai, Maharashtra, India | USD 544.43 M | – | 6,934 | |
Private equity firm focused on energy, chemical, semiconductor, logistics, and multiple sectors | 1953 | Seoul, South Korea | – | USD 14.38 M | 1 | |
Chemical and casting products are manufactured, with shipping operations managed. | 1962 | Chennai, Tamil Nadu, India | USD 573.4 M | USD 1.43 B | 180 |
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Frequently Asked Questions about Seco
Seco was founded in 1936 and raised its 1st funding round 80 years after it was founded.
Seco is headquartered in Fagersta, Sweden.
Fredrik Vejgarde is the current CEO of Seco.
Seco has 592 employees.
The primary company behind Seco, Seco Tools India Private Limited, reported revenue of βΉ554 Cr for FY 2025, up 6% year on year.
Seco was founded in 1936 in Fagersta, Sweden, and operates in the manufacturing sector focused on metalworking tools. Solutions for milling, holemaking, and integrated tooling systems are developed and supplied globally through the domain secotools.com. Leadership is provided by owner T Jayaraman and CEO Fredrik Vejgarde, with operations centered on precision engineering for industrial applications.
Seco offers Carbide Inserts and Tooling Systems.
Seco has made 6 acquisitions, including Diamond Tool Coating, FANAR, and Niagara Cutter.
Seco has 1 investor. Key investors include European Union.
Seco operates through Seco Tools India Private Limited.
The legal entities of Seco currently have 5 directors, including Kjell Daniel Eriksson, Oksana Anatolyevna Wade, Kerstin Maria Bokmark and others.
The website of Seco receives about 184 thousand visits a month and ranks #214,897 among all websites worldwide.
