Seco

Fagersta, Sweden Founded: 1936 • Age: 90 yrs Acquired
Provider of metal cutting solutions for milling, holemaking and tooling systems

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
  • Sectors
    Industrial Goods & Manufacturing
  • Website category Heavy Industry and Engineering · Metals and Mining
  • Email
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  • Phone
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  • Website secotools.com
  • Social LinkedIn X Facebook
  • Legal Name Seco Tools India Private Limited
  • Date of Incorporation 27 May, 1996
  • Jurisdiction Pune, Maharashtra, India
Key Metrics
  • 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 Count
    592
  • Investments & Acquisitions

Products & Services of Seco

Seco offers a comprehensive portfolio of products and services, including Carbide Inserts and Tooling Systems.

Carbide Inserts
Metal Cutting Tools

Carbide inserts for milling and holemaking are supplied by Seco Tools to facilitate various industrial applications.

Tooling Systems
Machining Solutions

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.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jul 2018$217,025Grant––
Feb 2016$353,423Grant––
Valuation history

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.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
1958europa.euBrussels, Belgium
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Investor details for Seco

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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.

DirectorDesignationAppointedTenureEntity
Kjell Daniel Eriksson
DIN 10558534
Director21 Mar 20242 yrs 6 moSeco Tools India Private Limited
Oksana Anatolyevna Wade
DIN 10566380
Director27 Mar 20242 yrs 6 moSeco Tools India Private Limited
Hans Ronnie Bylund
DIN 10776073
Director12 Sep 20242 yrsSeco Tools India Private Limited
Kerstin Maria Bokmark
DIN 10811437
Director17 Oct 20241 yr 11 moSeco Tools India Private Limited
Atul Sudhakarrao Mohkhedkar
DIN 11103200
Managing Director12 May 20251 yr 4 moSeco Tools India Private Limited

People of Seco

225 people are tracked at Seco (55 in leadership, 170 in team); the tracked headcount is 592.

NameRoleGroup
T Jayaraman
OwnerLeadership
Fredrik Vejgarde
CEO & PresidentLeadership
Lotta Brounéus Borgström
Global Human Resources Business PartnerLeadership
Ann-Christine Nilsson
Head Of Seco Tools Division Controlling & Finance DevelopmentLeadership
Victor Folkebrant
Chief Of Staff SecoLeadership
Robert Duda
Finance Director PL & BalticsLeadership
Neeraj Bhardwaj
General Manager - Business ControllerLeadership
Matthias Knull
Head Of Business Management, Purchase & Facility ManagementLeadership
Francis Richt
Director - Global Offer & Innovation - Round Tools & Tooling SystemsLeadership
Kati MacGilleon
Director CIO OfficeLeadership
Nagesh Shekhadar
General Manager Indirect PurchaseLeadership
Director Of Tools ProductionLeadership
Eurion Kemish
Director Sales EuropeLeadership
Andrew Hunter
Vice President Of Sales And Marketing Seco ToolsLeadership
Jimmy Kristo
Sales Operations DirectorLeadership
Rob Keenan
Regional Vice President - AmericasLeadership
Daniel Sikora
Head Of Global Learning & DevelopmentLeadership
Francesco Casano
Global HRBP Business Development - HR Director Seco Tools ItalyLeadership
Adrian Cox
Head Of Global Quality AssuranceLeadership
Evelyn Dorssers-Bergs
Head Of HR Operational ExcellenceLeadership

205 more people are available in the full profile.

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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.

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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.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Lathe and drilling machines are manufactured by Premier Machine Tools.
premiermachinetools.netChennai, India1980Feb 2023β€’β€’β€’β€’
Premier Machine Tools is engaged in supplying CNC machine tools and carbide cutting tools in Ireland.
premiermachinetools.ieKildare, Ireland2000Feb 2023β€’β€’β€’β€’
Cutting tools for metalworking are manufactured by FANAR.
fanar.pl–1966Nov 2021β€’β€’β€’β€’
Manufacturer & supplier of carbide drill, reamer, milling cutter, and other cutting tools
osktool.comSuzhou, China2006Nov 2018β€’β€’β€’β€’
Diamond coated cutting tools are manufactured for industrial applications.
diamondtc.comNorth Tonawanda, United States2000Dec 2010β€’β€’β€’β€’
Offers cutting tools to the aircraft, power generation and general metalworking industries
niagaracutter.comReynoldsville, United States1954Dec 2010β€’β€’β€’β€’
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Complete acquisition details for Seco

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  • Acquired stakes
  • Deal sources
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  • Exports

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Timeline of Seco

9 dated milestones of Seco across 87 years, from founding to its latest funding, stage changes and deals.

  1. Founded Seco is founded.
  2. Acquisition Acquires Niagara Cutter.
  3. Acquisition Acquires Diamond Tool Coating.
  4. Funding First funding round of $353K.
  5. Funding Latest funding round, Grant, of $217K.
  6. Acquisition Acquires OSK Cutting Technology Co.
  7. Acquisition Acquires FANAR.
  8. Acquisition Acquires Premier Machine Tools.
  9. 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 visits
    184.3K

    ▲ 8.1% vs previous month

  • Unique visitors
    73K

    per month

  • Global rank
    #214,897

    among all websites

  • Category rank
    #2,102

    Heavy Industry and Engineering · Metals and Mining

Similar websites

Websites whose visitors overlap most with Seco. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
iscar.com
100%
680.7K#139,267View details
guhring.com
91%
–#464,629View details
kennametal.com
86%
236.4K#127,116View details
bigdaishowa.com
bigdaishowa.com
86%
–#885,831–
ingersoll-imc.com
85%
–#309,853View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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All 40 similar websites and full traffic analytics for Seco

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Latest news on Seco

Digital boring head setup helps reduce scrap
Canadian Metalworking β€’ 1 year ago
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Complete news archive for Seco

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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.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
3M is recognized as a global leader in industrial innovation.
1902United States–USD 24.95 B74
Diversified products are provided across health, lighting, and consumer sectors.
1891Amsterdam, Netherlands–USD 20.95 B67,820
Diversified conglomerate operating across multiple industries
1919Tokyo, Tokyo, Japan–USD 45.77 B73
Traditional conglomerate services are provided across multiple sectors by Mitsui.
1947Chiyoda, Tokyo, Japan–USD 87.78 B146
Metals and minerals are produced and supplied worldwide.
1974Baar, Zug, SwitzerlandUSD 2.2 BUSD 252.73 B150,000
Multiple real estate strategies are pursued by Al-Futtaim.
1930Dubai, Dubai, United Arab EmiratesUSD 500 M––
Mineral-based specialty solutions are supplied for industrial applications.
1880Paris, FranceUSD 1.56 BUSD 3.97 B12,900
Manufacturer of pipes, plates & coils, and home textile products
1985Mumbai, Maharashtra, IndiaUSD 544.43 M–6,934
Private equity firm focused on energy, chemical, semiconductor, logistics, and multiple sectors
1953Seoul, South Korea–USD 14.38 M1
Chemical and casting products are manufactured, with shipping operations managed.
1962Chennai, Tamil Nadu, IndiaUSD 573.4 MUSD 1.43 B180
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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 β‚Ή554 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.

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