About SSAB
SSAB is a company based in Stockholm (Sweden) founded in 1978.. The company has 20 employees as of April 07, 2024. SSAB has completed 3 acquisitions, including Abraservice, G&G Mining and Ruukki. SSAB offers products and services including Strenx, Hardox, GreenCoat, Toolox, and Armox. SSAB operates in a competitive market with competitors including Nucor, Tata Steel, Shyam Steel, BlueScope and SISCOL, among others.
- Headquarter Stockholm, Sweden
- Employees 20 as on 07 Apr, 2024
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Sectors
Industrial Goods & ManufacturingReal Estate & Construction
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Email
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Phone
*********
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Website
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Social
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- Legal Name Ssab Swedish Steel (India) Private Limited
- Date of Incorporation 19 Feb, 2009
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$46.51 M (USD)28.07as on Mar 31, 2023
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Net Profit
$1.91 M (USD)-56.93as on Mar 31, 2023
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EBITDA
$2.64 M (USD)-56.39as on Mar 31, 2023
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Latest Funding Round
$93.71 K (USD), Grant
Oct 01, 2023
- Investors
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Employee Count
20
as on Apr 07, 2024
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Investments & Acquisitions
Abraservice
& 2 more
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Products & Services of SSAB
SSAB offers a comprehensive portfolio of products and services, including Strenx, Hardox, GreenCoat, Toolox, and Armox. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-strength steel for innovative load-bearing structures in various industries.
Abrasion-resistant steel for challenging environments and heavy equipment.
Color-coated steel for roofing and facades with sustainable properties.
Versatile steel for machine parts and high-speed manufacturing processes.
Protective steel for hazardous environments and security applications.
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Software Development Team
92 people
Sales and Marketing
87 people
Leadership Team
33 people
Human Resources and Administration
30 people
Product Management Team
29 people
Finance and Accounting
12 people
Creative and Marketing Team
9 people
Senior Team
8 people
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Funding Insights of SSAB
- Total Funding Total Funding
- Total Rounds 18
- Last Round Grant — $93,713
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2023 | Amount | Grant - SSAB | Valuation |
investors |
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| Sep, 2023 | Amount | Grant - SSAB | Valuation |
investors |
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| Feb, 2023 | Amount | Grant - SSAB | Valuation |
investors |
| 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 SSAB
SSAB has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 SSAB
SSAB has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Abraservice, G&G Mining and Ruukki. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Wear-resistant steel products and related solutions are supplied.
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2001 | ||||
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Mobile mining and construction equipment is designed and manufactured.
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1990 | ||||
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Roofing solutions and construction services are provided by Ruukki.
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1960 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SSAB
| 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 |
Ssab Comparisons
Competitors of SSAB
SSAB 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 Nucor, Tata Steel, Shyam Steel, BlueScope and SISCOL, 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 |
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| domain | founded_year | HQ Location |
Steel products including bars, sheets, joists, and decks are manufactured.
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Steel and related metal products are manufactured globally.
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Manufacturer and supplier of TMT rebar, billets, sponge iron and ferro alloys
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| domain | founded_year | HQ Location |
Painted and coated steel products are manufactured for regional markets.
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| domain | founded_year | HQ Location |
End-to-end steel structure solutions are provided for construction projects.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Ssab
Frequently Asked Questions about SSAB
When was SSAB founded?
SSAB was founded in 1978 and raised its 1st funding round 34 years after it was founded.
Where is SSAB located?
SSAB is headquartered in Stockholm, Sweden.
Who is the current CEO of SSAB?
Johnny Sjostrom is the current CEO of SSAB.
How many employees does SSAB have?
As of Apr 07, 2024, the latest employee count at SSAB is 20.
What is the annual revenue of SSAB?
Annual revenue of SSAB is $46.51M as on Mar 31, 2023.
What does SSAB do?
Founded in 1978 and based in Stockholm, Sweden, SSAB is engaged in steel manufacturing. Sheets, plates, coils, tubes, and profiles are produced, along with structural, abrasion-resistant, metal-coated, tool, armor, and weathering steels. Tubular items, hollow sections, open sections, tailored sections, and precision tubes are supplied. Product engineering, processing, and technical support are offered as services.
Who are the top competitors of SSAB?
SSAB's top competitors include Tata Steel, BlueScope and SISCOL.
What products or services does SSAB offer?
SSAB offers Strenx, Hardox, GreenCoat, Toolox, and Armox.
How many acquisitions has SSAB made?
SSAB has made 3 acquisitions, including Abraservice, G&G Mining, and Ruukki.
Who are SSAB's investors?
SSAB has 1 investor. Key investors include European Union.
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