About Troax
Troax is a company based in Hillerstorp (Sweden) founded in 1955 was acquired by FSN Capital in January 2013. Troax has raised $45.56 million across 1 funding round from investors including Latour, Accent Equity and FSN Capital. The company has 1,190 employees. Troax has completed 5 acquisitions, including Folding Guard, Garantell and NATOM. Troax offers products and services including Machine Guarding and Warehouse Partitioning.
- Annual Revenue₹24.34 Cr
FY 2024 · +78% YoY
- Net Profit₹1.41 Cr
FY 2024 · 6% margin
- EBITDA₹1.98 Cr
FY 2024 · 8% margin
- Total Equity Funding$45.56M (USD)
in 1 rounds
- Latest Funding Round$45.56M (USD), Private Equity Round
Mar 2015
- InvestorsLatour
& 2 more
- Employee Count1,190
- Investments & AcquisitionsFolding Guard
& 4 more
- Acquired by
Associated legal entities of Troax
Troax operates through Troax Safety Systems India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Troax Safety Systems India Private Limited CIN U74999KA2016PTC093356 | Active | 17 May 2016 | Bangalore, Karnataka | ₹24.3 Cr | 13 | 2 | View details |
Products & Services of Troax
Troax offers a comprehensive portfolio of products and services, including Machine Guarding and Warehouse Partitioning.
High-quality steel panels are utilized for flexible solutions that enhance maximum safety in industrial environments
Unique combinations are employed for custom-made solutions that meet specific needs and requirements in warehousing
Apps and channels of Troax
its YouTube channel TroaxAB has 55 subscribers and 30 videos.
Videos from Troax
The most watched videos on Troax's YouTube channel, TroaxAB (55 subscribers). Click a video to play it here.
More on TroaxAB.
Funding Insights of Troax
Troax has successfully raised a total of $45.56M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $45.56 million completed in March 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $45.56M
- Total Rounds 1
- Last Round Private Equity Round — $45.56M
- First Round $45.56M
(Mar 2015)
- Investors Count 1
All 1 funding rounds of Troax 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 |
|---|---|---|---|---|---|
| Mar 2015 | $45.56M | Private Equity Round | – | – |
3 investors in total: 3 institutional.
Investors in Troax
Troax has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Latour, Accent Equity and FSN Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Capital is provided for industrial sector growth and buyouts. | 1984 | latour.se | Gothenburg, Sweden | |
Accent Equity is engaged in private equity investments in the Nordic region. | 1994 | accentequitypartners.se | Stockholm, Sweden | |
- | – | fsncapital.com | - |
Investor details for Troax
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Troax Safety Systems India Private Limited (Troax)
Troax Safety Systems India Private Limited is the primary company behind Troax. The board of Troax Safety Systems India Private Limited currently have 2 directors; the longest-serving is Asvidyasagar Ganesh, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Asvidyasagar Ganesh DIN 07430983 | Director | 17 May 2016 | 10 yrs 4 mo | Troax Safety Systems India Private Limited |
| Subbaraman Gurumurthy DIN 07398862 | Director | 17 May 2016 | 10 yrs 4 mo | Troax Safety Systems India Private Limited |
People of Troax
30 people are tracked at Troax (11 in leadership, 7 in board & advisors, 12 in team); the tracked headcount is 1,190.
| Name | Role | Group |
|---|---|---|
David Teulon | Managing Director and Regional Manager for UK & Ireland | Leadership |
Wolfgang Falkenberg | Managing Director and Regional Manager for Central Europe | Leadership |
Jonas Rydqvist | Managing Director and Regional Manager for the Nordics | Leadership |
Anders Eklöf | CFO | Leadership |
Javier Garcia | Managing Director and Regional Director for Southern Europe and the North America | Leadership |
Linus Liljeblad | Operations Director, Troax AB | Leadership |
Kari Andersson | Sales Director | Leadership |
Thomas Widstrand | President and CEO | Leadership |
José Núñez Abe | Regional President Americas | Leadership |
Mikael Carlsson | Vice President Strategy & Offering | Leadership |
Mehmet Bulca | Managing Director, Turkey | Leadership |
Jan Svensson | Chairman | Board & advisors |
Anna Stålenbring | Board Member | Board & advisors |
Eva Nygren | Board Member | Board & advisors |
Bength Håkansson | Board Member | Board & advisors |
Milenko Simic | Board Member | Board & advisors |
Fredrik Hansson | Board Member | Board & advisors |
Bertil Persson | Board Member | Board & advisors |
Jesus Adarve | Sales Manager Iberia, Central-west Region | Team |
Christian Hellman | Supply Chain Manager | Team |
10 more people are available in the full profile.
Complete people profiles for Troax
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
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IPO & Listings of Troax
Troax is a publicly listed company on the OMXSTO with ticker symbol TROAX in Sweden, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date24 Apr 2015
- Listed onFRA: 5TOA
- Listed entityTroax Group AB Class A
- Exchange sectorProducer manufacturing
- ISINSE0012729366
- Share price150.00 SEK (+4.9% on the day) · 2026-10-09
- Market capitalisation8,557,882,633.00 SEK
- Price to earnings315.3
- EPS (diluted, trailing year)0.48 SEK
- Dividend yield1.81%
- Volume (last session)8,796
Financials of Troax
Figures of Troax Safety Systems India Private Limited, the primary company behind Troax, for FY 2024. Revenue was ₹24.34 Cr (+78% year on year). Net profit was ₹1.41 Cr (6% margin). EBITDA was ₹1.98 Cr (8% margin). Revenue has grown at a compounded annual rate of +58% over three years and +40% over five years.
- ₹24.34 CrRevenue · FY 2024 · +78% YoY
- ₹1.41 CrNet profit · 6% margin
- ₹1.98 CrEBITDA · 8% margin
- ₹11 LakhPaid-up capital
- 13Employees (provident fund records)
- +58%Revenue CAGR, 3 years
- +40%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 2.90B SEK | 148.9M SEK | 568.4M SEK |
| 2024 | 3.19B SEK | 357.9M SEK | 675.8M SEK |
| 2023 | 3.03B SEK | 409.9M SEK | 708.9M SEK |
| 2022 | 3.02B SEK | 391.3M SEK | 648.5M SEK |
| 2021 | 2.56B SEK | 403.6M SEK | 628.5M SEK |
Balance sheet, profit and loss, cash flow and ratios of Troax Safety Systems India Private Limited are on its company page.
Detailed financial statements for Troax
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Troax
Troax has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Folding Guard, Garantell and NATOM.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of bespoke software solutions for the construction industry | standl.co.uk | United Kingdom | 0 | Dec 2024 | •••• | |
Company that produces mesh decks, rear mesh for pallet racks, and machine guards for industries and storage solutions | garantell.com | Varnamo, Sweden | 2003 | Dec 2023 | •••• | |
Bicycle parking solutions are provided for urban environments in Sweden. | svenskacykelrum.se | Stockholm, Sweden | 2011 | Oct 2022 | •••• | |
Warehousing equipment is supplied to businesses by NATOM in Poland. | natom.pl | Sroda Wielkopolska, Poland | 2006 | Nov 2020 | •••• | |
Modular safety, security, and storage systems are manufactured. | foldingguard.com | Bedford Park, Australia | 1962 | Dec 2016 | $25.8M |
Complete acquisition details for Troax
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Troax
10 dated milestones of Troax across 69 years, from founding to its latest funding, stage changes and deals.
- Founded Troax is founded.
- Exit Acquired by Accent Equity Partners.
- Exit Acquired by FSN Capital.
- Funding First funding round of $45.6M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Folding Guard.
- Acquisition Acquires NATOM.
- Acquisition Acquires Svenska Cykelrum.
- Acquisition Acquires Garantell.
- Acquisition Acquires Standl.
Web traffic of Troax
The website of Troax (troax.com) receives about 41.8K visits a month.
- Monthly visits41.8K
▲ 7.8% vs previous month
Websites whose visitors overlap most with Troax. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| forkliftaction.com | 100% | – | #469,968 | View details | |
byggematerialer.dk | byggematerialer.dk | 92% | – | #1,072,050 | – |
| busch-jaeger.de | 91% | 147.2K | #304,541 | View details | |
gt-engineering.it | gt-engineering.it | 91% | – | #1,026,066 | – |
| assaabloy.com | 91% | 446.8K | #104,125 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Troax
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 12 similar websites
- Audience overlap
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- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Troax
Complete news archive for Troax
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Troax
10 companies that operate in the same segment as Troax (Contract & Outsourced Manufacturing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services | 1969 | San Jose, California, United States | – | USD 27.91 B | 147,980 | |
Electronic products and components are manufactured globally by Foxconn. | 1974 | Taipei, Taiwan | – | – | 12,716 | |
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 3,060 | |
Automotive components are manufactured and supplied to OEMs. | 1957 | Aurora, Ontario, Canada | – | USD 42.92 B | 170,000 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 22.67 M | USD 114.37 M | 618 | |
Equipment and parts for HVAC/R industry are supplied. | 1956 | Miami, Florida, United States | – | USD 7.24 B | 7,290 | |
Smart hardware and vehicle electronics are manufactured on contract. | 2005 | Pudong, Shanghai, China | USD 431.15 M | USD 24.45 B | – | |
Clas Ohlson was founded in 1918 in Insjön, Sweden. | 1918 | Insjon, Dalarna, Sweden | – | USD 1.35 B | – | |
Application-oriented research is conducted in bioeconomy, AI, and climate technologies. | 1949 | Darmstadt, Hesse, Germany | USD 23.27 M | – | – | |
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | – | USD 400 M | 40,280 |
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Frequently Asked Questions about Troax
Troax was founded in 1955 and raised its 1st funding round 60 years after it was founded.
Troax is headquartered in Hillerstorp, Sweden. It is registered at Hillerstorp, Jonkoping County, Sweden.
Troax is a funded company, having raised a total of $45.56M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $45.56M, raised on Mar 2015.
Troax has 1,190 employees.
The primary company behind Troax, Troax Safety Systems India Private Limited, reported revenue of ₹24.34 Cr for FY 2024, up 78% year on year.
Founded in 1955 and based in Hillerstorp, Sweden, Troax operates within the manufacturing sector focused on safety and security. Mesh panel products are supplied for applications such as machine guarding, warehouse partitioning, and property protection. Custom designs are facilitated through provided tools and ongoing support. Emphasis is placed on product durability, ease of assembly and disassembly, and sustainable materials for potential recycling.
Troax offers Machine Guarding and Warehouse Partitioning.
Yes, Troax is publicly traded on OMXSTO under the ticker symbol TROAX.
Troax has made 5 acquisitions, including Folding Guard, Garantell, and NATOM.
Troax has 3 investors. Key investors include Latour, Accent Equity, and FSN Capital.
Troax operates through Troax Safety Systems India Private Limited.
Yes. Troax was acquired by FSN Capital in January 2013.