About Versa Drives
Versa Drives is a company based in Coimbatore (India) founded in 1989 by Sundar Muruganandhan.. The company has 148 employees as of April 08, 2024. Versa Drives offers products and services including Variable Frequency Drive, Solar Pump Drive, Electric Vehicle Drive, Electronic Speed Controller, and Fan Drive. Versa Drives operates in a competitive market with competitors including Infinitum, Allient, Bonfiglioli, Allied Motion and Rotomag, among others.
- Headquarter Coimbatore, India
- Employees 148 as on 08 Apr, 2024
- Founders Sundar Muruganandhan
-
Sectors
Industrial Goods & Manufacturing
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Versa Drives Private Limited
- Date of Incorporation 18 Mar, 2010
- Jurisdiction Coimbatore, Tamil Nadu, India
-
Annual Revenue
$5.64 M (USD)21.35as on Mar 31, 2023
-
Net Profit
$109.35 K (USD)131.48as on Mar 31, 2023
-
EBITDA
$560.6 K (USD)29.92as on Mar 31, 2023
-
Latest Funding Round
- Investors
-
Employee Count
148
as on Apr 08, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Versa Drives
Versa Drives offers a comprehensive portfolio of products and services, including Variable Frequency Drive, Solar Pump Drive, Electric Vehicle Drive, Electronic Speed Controller, and Fan Drive. 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.
Electronic device for adjusting AC motor speed and efficiency.
Drive system for solar-powered pump operations.
Controller for electric vehicle motor performance.
System for managing drone motor speeds.
Drive for efficient fan speed regulation.
Funding Insights of Versa Drives
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Private Equity Round - Versa Drives | Valuation | Murata Manufacturing |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Versa Drives
Versa Drives has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Murata Manufacturing. 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 |
|---|---|---|---|---|
|
Electronic components, modules, and devices are manufactured for various applications.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Versa Drives
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Versa Drives
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Versa Drives Comparisons
Competitors of Versa Drives
Versa Drives 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 Infinitum, Allient, Bonfiglioli, Allied Motion and Rotomag, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AC induction motors are manufactured by Infinitum.
|
|
| domain | founded_year | HQ Location |
Motors for Automation, Robotics, Automotive and more sectors
|
|
| domain | founded_year | HQ Location |
Manufacturer of gears, drive motors and gearboxes
|
|
| domain | founded_year | HQ Location |
Motor and servo motion products are manufactured for multiple markets.
|
|
| domain | founded_year | HQ Location |
Manufacturer and supplier of PMDC motos
|
|
| domain | founded_year | HQ Location |
Designs and manufactures induction and synchronous motors and generators.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Versa Drives
Frequently Asked Questions about Versa Drives
When was Versa Drives founded?
Versa Drives was founded in 1989 and raised its 1st funding round 30 years after it was founded.
Where is Versa Drives located?
Versa Drives is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
How many employees does Versa Drives have?
As of Apr 08, 2024, the latest employee count at Versa Drives is 148.
What is the annual revenue of Versa Drives?
Annual revenue of Versa Drives is $5.64M as on Mar 31, 2023.
What does Versa Drives do?
Versa Drives was established in 1989 in Coimbatore, India, by Sundar Muruganandhan, who serves as founder and managing director. Custom-designed motor control products and appliances are produced for industrial applications. Operations are centered in the manufacturing sector, with a focus on engineering solutions. The company is headquartered in Coimbatore, serving regional and broader markets through tailored product development.
Who are the top competitors of Versa Drives?
Versa Drives's top competitors include Allient, Infinitum and Bonfiglioli.
What products or services does Versa Drives offer?
Versa Drives offers Variable Frequency Drive, Solar Pump Drive, Electric Vehicle Drive, Electronic Speed Controller, and Fan Drive.
Who are Versa Drives's investors?
Versa Drives has 1 investor. Key investors include Murata Manufacturing.