About Underwriters Laboratories
Underwriters Laboratories is a publicly listed company based in Northbrook (United States) founded in 1894. It operates as a safety testing and compliance services are provided for multiple industries. The company has 15,090 employees. Underwriters Laboratories has completed 27 acquisitions, including Acquirer Systems, Batterieingenieure and CERE. Its chief executive is Terrence Brady. Its website ul.com draws about 1.3 million monthly visits. Its Indian entity Ul Quality Assurance Private Limited reported revenue of ₹30.74 Cr. Its focus areas include Enterprise Applications, Data as a Service, Product and Product Sustainability Information. Its competitors include Carboledger and Meta Data Tech.
Company details
Underwriters Laboratories was founded in 1894 and is headquartered in Northbrook, United States. Operations focus on safety testing and compliance across various sectors, including product development, sustainability assessments, and supply chain transparency. IoT testing and certification solutions are offered, along with collaboration on standards development for IoT devices and networks. Services support compliance in diverse industries through established testing protocols.
- Annual Revenue₹30.74 Cr
FY 2018 · +17% YoY
- Net Profit₹7.08 Cr
FY 2018 · 23% margin
- EBITDA₹7.24 Cr
FY 2018 · 24% margin
- Latest Funding Round$289.8K (USD), Grant
Oct 2019
- InvestorsFEMA
& 3 more
- Employee Count15,090
- Investments & AcquisitionsAcquirer Systems
& 26 more
Associated legal entities of Underwriters Laboratories
Underwriters Laboratories operates through Ul Quality Assurance Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ul Quality Assurance Private Limited CIN U33111KA2006PTC097493 | Amalgamated | 13 Apr 2006 | Whitefiled, Karnataka | ₹30.7 Cr | 135 | 4 | View details |
Funding Insights of Underwriters Laboratories
- Total Rounds 13
- Last Round Grant — $289,800
- First Round $150,000
(Aug 2009)
- Investors Count 4
Latest 10 of 13 funding rounds of Underwriters Laboratories 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 |
|---|---|---|---|---|---|
| Oct 2019 | $289,800 | Grant | – | – | |
| Sep 2019 | $345,889 | Grant | – | – | |
| Feb 2018 | $83,215 | Grant | – | – | |
| Nov 2016 | $100,370 | Grant | – | – | |
| Nov 2016 | $609,576 | Grant | – | – | |
| Jan 2016 | $717,193 | Grant | – | – | |
| Dec 2015 | $114,072 | Grant | – | – | |
| May 2015 | $512,400 | Grant | – | – | |
| Sep 2010 | $3.52M | Grant | – | – | |
| Jul 2010 | $125,000 | Grant | – | – |
4 investors in total: 4 institutional.
Investors in Underwriters Laboratories
Underwriters Laboratories has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include FEMA, European Union and National Oceanic and Atmospheric Administration.
| 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 | |
Federal emergency management and disaster response are coordinated nationwide. | 1979 | fema.gov | - | |
- | – | noaa.gov | - | |
- | – | osti.gov | - |
Investor details for Underwriters Laboratories
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Board of directors of Ul Quality Assurance Private Limited (Underwriters Laboratories)
Ul Quality Assurance Private Limited is the primary company behind Underwriters Laboratories. The board of Ul Quality Assurance Private Limited currently have 3 directors; the longest-serving is Sajeev Jesudas, appointed in 2011. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sajeev Jesudas DIN 01893654 | Director | 21 Sep 2011 | 15 yrs | Ul Quality Assurance Private Limited |
| Suresh Sugavanam DIN 06743085 | Director | 11 Feb 2014 | 12 yrs 8 mo | Ul Quality Assurance Private Limited |
| Prosenjit Roy DIN 07933111 | Director | 11 Sep 2017 | 9 yrs 1 mo | Ul Quality Assurance Private Limited |
People of Underwriters Laboratories
542 people are tracked at Underwriters Laboratories (131 in leadership, 11 in board & advisors, 400 in team); the tracked headcount is 15,090.
| Name | Role | Group |
|---|---|---|
Terrence Brady | CEO & President | Leadership |
Jennifer Scanlon | CEO & President | Leadership |
Denis Koh | General Manager / Global Vice President – Consumer And Retail Services | Leadership |
Anna Matuszewska | Vice President, Talent | Leadership |
Chuck Buddhiraju | VP Human Resources - Advisory Services | Leadership |
Kristen Storey | Vice President Human Resources - Global People Services | Leadership |
Troy Freeland | Vice President Human Resources | Leadership |
| Regional VP & MD - Anz, South & Southeast Asia | Leadership | |
Daniel Liang | Head Of Section | Principal | Leadership |
Eric Blashka | Director Business Innovation - Chief Commercial Office | Leadership |
J. Thomas Chapin | Vice President Research | Leadership |
Mohamad Baferani | Lead R&d Engineer, Chief Scientist | Leadership |
Brian Anderson | Vice President Finance, Testing, Inspection And Certification (tic) | Leadership |
Rasmus Hansen | Vice President Finance, Global Business Operations & Strategic Support Functions | Leadership |
Cynthia Ho | Vice President Of Global Sourcing & Finance Transformation | Leadership |
Nirav Patel | Vice President Finance, Internal Audit | Leadership |
Erich Meier | Director Strategic Initiatives | Leadership |
César Guerra | Vice President, Head Of Global Business Services (gbs) | Leadership |
Joel Guthrie | Vice President, Strategy & Development - Industrial | Leadership |
Milan Dotlich | Vice President And General Manager, Energy And Industrial Automation | Leadership |
522 more people are available in the full profile.
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IPO & Listings of Underwriters Laboratories
Underwriters Laboratories is a publicly listed company on the NYSE with ticker symbol ULS in USA, operating in the Commercial services 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 date12 Apr 2024
- Listed onNASDAQ: ULS
- Listed entityUL Solutions Inc.
- Exchange sectorCommercial services
- ISINUS9037311076
- Share price$71.08 (-0.14% on the day) · 2026-10-13
- Market capitalisation$14.35B
- Price to earnings28.7
- EPS (diluted, trailing year)$2.47
- Dividend yield0.79%
- Volume (last session)1,125,951
Financials of Underwriters Laboratories
Figures of Ul Quality Assurance Private Limited, the primary company behind Underwriters Laboratories, for FY 2018. Revenue was ₹30.74 Cr (+17% year on year). Net profit was ₹7.08 Cr (23% margin). EBITDA was ₹7.24 Cr (24% margin). Revenue has grown at a compounded annual rate of +22% over three years.
- ₹30.74 CrRevenue · FY 2018 · +17% YoY
- ₹7.08 CrNet profit · 23% margin
- ₹7.24 CrEBITDA · 24% margin
- ₹16.74 CrPaid-up capital
- 135Employees (provident fund records)
- +22%Revenue CAGR, 3 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $3.05B | $325.0M | $745.0M |
| 2024 | $2.87B | $326.0M | $634.0M |
| 2023 | $2.68B | $260.0M | $559.0M |
| 2022 | $2.52B | $293.0M | $547.0M |
| 2021 | $2.52B | $224.0M | $429.0M |
Balance sheet, profit and loss, cash flow and ratios of Ul Quality Assurance Private Limited are on its company page.
Detailed financial statements for Underwriters Laboratories
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Investments & Acquisitions by Underwriters Laboratories
Underwriters Laboratories has strategically engaged in corporate development activities, having acquired 27 companies. Notable acquisitions include Acquirer Systems, Batterieingenieure and CERE.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Company specializing in Li-ion technologies, lead-acid batteries, supercaps, Ni-based technologies, and primary cells | batterieingenieure.de | Aachen, Germany | 2015 | May 2024 | •••• | |
Solar installation services and products are provided in Spain. | cerecertification.com | Getafe, Spain | 2015 | Aug 2023 | •••• | |
Provider of air quality & building hygiene, asbestos management, and other services | hbi.co.uk | Reading, United Kingdom | 1992 | Jul 2023 | •••• | |
Automotive consulting services are provided internationally by KUGLER MAAG CIE. | kuglermaag.com | Kornwestheim, Germany | 2004 | Oct 2022 | •••• | |
Software for cable design and manufacturing execution is developed. | cimteq.com | Wrexham, United Kingdom | 1998 | Sep 2022 | •••• | |
Provider of software and system development in the safety-critical environment of medical and automotive | methodpark.de | Erlangen, Germany | 2001 | Jul 2021 | •••• | |
Data analytics services are provided for business insights and decision-making. | clearskyanalytics.com | Los Altos, United States | 2017 | May 2021 | •••• | |
Software for microgrid energy analysis and optimization is supplied. | homerenergy.com | Boulder, United States | 2009 | Dec 2019 | •••• | |
Provider of building envelope testing, certification, and advisory services | wintechtesting.com | Telford, United Kingdom | 1995 | Jul 2019 | •••• | |
Automotive technical services are provided by kVA for industry needs. | kvausa.com | Royal Oak, United States | 2010 | Jun 2019 | •••• |
Complete acquisition details for Underwriters Laboratories
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Timeline of Underwriters Laboratories
14 dated milestones of Underwriters Laboratories across 130 years, from founding to its latest funding, stage changes and deals.
- Founded Underwriters Laboratories is founded.
- Funding First funding round of $150K.
- Acquisition Acquires kVA.
- Acquisition Acquires Wintech Testing & Certification.
- Funding Latest funding round, Grant, of $290K.
- Acquisition Acquires HOMER Energy.
- Acquisition Acquires Clear Sky Analytics.
- Acquisition Acquires Method Park.
- Acquisition Acquires Cimteq.
- Acquisition Acquires Software Intensive Systems (SIS) by UL Solutions.
- Acquisition Acquires Healthy Buildings International.
- Acquisition Acquires CERE.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Batterieingenieure.
Competitors of Underwriters Laboratories
Underwriters Laboratories has 2 listed competitors in our database. They include Carboledger and Meta Data Tech, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| carboledger.com | 2021 | United States | – | – | Digital platform provided for product sustainability and collaboration. | |
| metadataweb.com | 2015 | Long Island, United States | – | – | Delivers comprehensive product information solutions for businesses and developers. |
Detailed competitors of Underwriters Laboratories
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Web traffic of Underwriters Laboratories
The website of Underwriters Laboratories (ul.com) receives about 1.3M visits a month and ranks #42,783 among all websites worldwide, #5,209 in Consumer Electronics.
- Monthly visits1.3M
▲ 2% vs previous month
- Unique visitors685.4K
per month
- Global rank#42,783
among all websites
- Category rank#5,209
Computers Electronics and Technology · Consumer Electronics
- Bounce rate47%
- Pages per visit2.9
- Average visit3 min 19 sec
- DevicesDesktop 62% · Mobile 38%
Websites whose visitors overlap most with Underwriters Laboratories. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
3dmark.com | 3dmark.com | 100% | – | #55,846 | – |
| ansi.org | 94% | 630.5K | #97,442 | View details | |
| nfpa.org | 93% | 1.1M | #40,349 | View details | |
| nema.org | 93% | 124.9K | #365,807 | View details | |
iec.ch | iec.ch | 92% | – | #83,124 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Underwriters Laboratories
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Top companies in Data as a Service
10 companies that operate in the same segment as Underwriters Laboratories (Data as a Service), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
Contact databases and sales intelligence are supplied to businesses. | 2000 | Vancouver, Washington, United States | USD 32 M | USD 1.25 B | 3,510 | |
Cloud-based satellite imagery data and analytics solutions are provided. | 2010 | San Francisco, California, United States | USD 601.59 M | USD 307.73 M | 1,749 | |
Online data source platform for information, analytics, and solutions for governments and financial markets | 1959 | London, England, United Kingdom | USD 1.41 B | – | – | |
Experian is recognized as a leader in credit reporting and financial services. | 1980 | Ireland | – | USD 8.34 B | 23,300 | |
Provider of credit scoring data for consumers and businesses | 1968 | Chicago, Illinois, United States | – | USD 4.58 B | 13,400 | |
Lead management platform with analytics and engagement tools is provided. | 2015 | San Francisco, California, United States | USD 250.42 M | – | 928 | |
Provider of DNA testing services to create a family tree and ancestor | 2003 | Yehud, Central District, Israel | USD 40 M | – | – | |
Platform for users to share business software reviews | 2012 | Chicago, Illinois, United States | USD 257.6 M | – | 1,688 | |
AI-powered market intelligence and search platform is operated. | 2011 | New York, New York, United States | USD 1.74 B | USD 6.84 M | 3,461 |
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Related news about Underwriters Laboratories
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Frequently Asked Questions about Underwriters Laboratories
Underwriters Laboratories was founded in 1894 and raised its 1st funding round 115 years after it was founded.
Underwriters Laboratories is headquartered in Northbrook, United States. It is registered at Northbrook, Illinois, United States.
Terrence Brady is the current CEO of Underwriters Laboratories.
Underwriters Laboratories has 15,090 employees.
The primary company behind Underwriters Laboratories, Ul Quality Assurance Private Limited, reported revenue of ₹30.74 Cr for FY 2018, up 17% year on year.
Underwriters Laboratories was founded in 1894 and is headquartered in Northbrook, United States. Operations focus on safety testing and compliance across various sectors, including product development, sustainability assessments, and supply chain transparency. IoT testing and certification solutions are offered, along with collaboration on standards development for IoT devices and networks. Services support compliance in diverse industries through established testing protocols.
Underwriters Laboratories's top competitors include Carboledger and Meta Data Tech.
Yes, Underwriters Laboratories is publicly traded on NYSE under the ticker symbol ULS.
Underwriters Laboratories has made 27 acquisitions, including Acquirer Systems, Batterieingenieure, and CERE.
Underwriters Laboratories has 4 investors. Key investors include FEMA, European Union, National Oceanic and Atmospheric Administration, and OSTI.GOV.
Underwriters Laboratories operates through Ul Quality Assurance Private Limited.
The legal entities of Underwriters Laboratories currently have 4 directors, including Prosenjit Roy, Suresh Sugavanam, Priyanka Sunil Kadam and others.