About Volvo Ce India Private Limited
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Volvo Ce India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Volvo Truck Corporation, Sweden. It operates in the construction machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 03 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29304KA2018FTC114454. Its GSTIN is 29AAGCV4943G1ZZ (Karnataka). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹500 Cr and a paid-up capital of ₹372.94 Cr. It is led by directors including Dimitrov Krishnan (Managing Director) and Mirko Scarana.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No 7 & 8 Phase I Peenya Industrial Area Peenya, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,287.05 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹8.87 Cr (net margin 0.4%) and EBITDA of ₹61.83 Cr (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 13% over five years.
The company has about 299 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Volvo Group and Volvo Cars. As per MCA filings, the company has open charges of ₹9.16 Cr and satisfied charges of ₹1.37 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it; 4 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹372.93 Cr; the latest was in November 2019. Its 4 peer companies in the Machinery and Equipment industry (Construction Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 3 smaller; the largest is Epiroc Mining India Private Limited with revenue of ₹2,425.6 Cr. The company has 11 MSME Form 1 returns on record between 2020 and 2024, listing 998 overdue payments to 77 micro and small suppliers.
For more details, the company can be reached via its website volvocars.com.
Company details
Contact details
Volvo Ce India Private Limited's registered office is in Bangalore, Karnataka. Its website is volvocars.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 7 & 8 Phase I Peenya Industrial Area Peenya, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Construction Machinery & Equipment
To see the full contact details of Volvo Ce India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Volvo Ce India operates two associated brands: Volvo Group and Volvo Cars. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Brand of commercial vehicles | volvogroup.com | |
| Automobiles and related products are manufactured by Volvo Cars. | volvocars.com |
Business activity
The main business activities of Volvo Ce India are manufacturing and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Volvo Ce India Private Limited, buy the company report.
Financials of Volvo Ce India Private Limited
FY 2025 filings availableVolvo Ce India Private Limited reported revenue of ₹2,287.05 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 2% growth in the latest year. EBITDA rose 51% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹61.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.87 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | ||||
| Net Profit Margin | 0.4% | ||||
| Return on Equity (ROE) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Volvo Ce India Private Limited, buy the company report.
Board of directors of Volvo Ce India Private Limited
Volvo Ce India has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dimitrov Krishnan | Managing Director | 03 Jul 2018 | 8 Years 4 Months | Current |
| Mirko Scarana | Director | 25 Mar 2021 | 5 Years 7 Months | Current |
| Knight Mark Andrew | Director | 03 Jul 2018 | 8 Years 4 Months | Current |
| Deepak Dinkar Joshi | Director | 07 Dec 2021 | 4 Years 11 Months | Current |
| Dharmendra Pandey | Director | 07 Dec 2021 | 4 Years 11 Months | Current |
| Rohnny Marie R Van Calck | Director | 25 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Volvo Ce India Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Construction Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Epiroc Mining India Private Limited | ₹2,425.6 Cr (FY 2025) | 19.0% | Pune, Maharashtra, India | |||
| Volvo Ce India Private Limitedthis company | ₹2,287.05 Cr (FY 2025) | ₹8.87 Cr | 0.4% | 2.0% | 299 | Bangalore, Karnataka, India |
| Liugong India Private Limited | ₹1,416.52 Cr (FY 2024) | 50.0% | New Delhi, Delhi, India | |||
| Ajax Engineering Limited | ₹1,172.57 Cr (FY 2023) | 52.0% | Bangalore, Karnataka, India | |||
| Ammann India Private Limited | ₹958.5 Cr (FY 2025) | 1.0% | Mehsana, Gujarat, India |
To see the full peer comparison of Volvo Ce India Private Limited, buy the company report.
Auditor
Volvo Ce India Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Volvo Ce India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Volvo Ce India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jun 2025 | 101157099 | Hdfc Bank Limited | ₹11.98 Lakh | Open | |
| 25 Jun 2025 | 101157096 | Hdfc Bank Limited | ₹19.83 Lakh | Open | |
| 16 Jun 2025 | 101156624 | Hdfc Bank Limited | ₹22.88 Lakh | Open | |
| 04 Jun 2025 | 101154110 | Hdfc Bank Limited | ₹26.65 Lakh | Open | |
| 29 May 2025 | 101152960 | Hdfc Bank Limited | ₹18.54 Lakh | Open |
To see the full charge records of Volvo Ce India Private Limited, buy the company report.
Total charge records: 55 View all charges
Deals & funding
Volvo Ce India Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹372.93 Cr; the latest was in November 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2019 | Funding round | ₹372.93 Cr | Investors: Volvo Truck Corporation, Volvo Bus Corporation, Volvo Holding Sverige AB |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Volvo Ce India Private Limited has 6 court cases on record: 5 filed by Volvo Ce India, 1 filed against it. 4 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 3 |
| District courts | 1 | 1 | 1 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Government of Karnataka and 1 other | Pending |
| District court, Jaipur Metro II, Rajasthan | Civil suit | Filed against the company by M/S Classic Marble | Pending |
| High Court, TAMIL NADU | Court case (C.S(COMM DIV)) | Filed by the company against M/S. Spice Traders, and 2 Others and 2 others | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Karnataka State Pollution Control Board | Disposed |
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against an individual | Disposed |
To see the full case history of Volvo Ce India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Volvo Ce India Private Limited has 11 MSME Form 1 returns on record between 2020 and 2024, listing 998 overdue payments to 77 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 77)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Fab-Tools Industries | |||
| Blue Dart Express Limited | |||
| Ammayapper Roadways Private Limited | |||
| Shree Om Engineering |
To see the full MSME payment records of Volvo Ce India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Volvo Ce India Private Limited has a workforce of 299 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Volvo Ce India has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCV4943G1ZZ | Karnataka | Active | 01 Nov 2018 |
| 36AAGCV4943G1Z4 | Telangana | Active | 28 Oct 2019 |
| 19AAGCV4943G1Z0 | West Bengal | Active | 31 Aug 2020 |
| 27AAGCV4943G1Z3 | Maharashtra | Active | 24 Nov 2020 |
To see the full GST registrations and return filing status of Volvo Ce India Private Limited, buy the company report.
Recent activity
Volvo Ce India Private Limited has 16 board changes on record since 2018: 6 appointments and 10 cessations. The latest: Rohnny Marie R Van Calck ceased to be Additional Director on 28 Sep 2025.
70 earlier events are in the company report.
News
Frequently asked questions
Volvo Ce India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in construction machinery and equipment, within the machinery and equipment industry. It was incorporated on 03 July 2018 (8+ years old) and is registered under CIN U29304KA2018FTC114454.
Volvo Ce India has 6 current directors:
- Dimitrov Krishnan - Managing Director
- Mirko Scarana - Director
- Knight Mark Andrew - Director
- Deepak Dinkar Joshi - Director
- Dharmendra Pandey - Director
- Rohnny Marie R Van Calck - Director
The latest financial statements of Volvo Ce India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Volvo Ce India is 29AAGCV4943G1ZZ, registered in Karnataka. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 36AAGCV4943G1Z4 (Telangana), 19AAGCV4943G1Z0 (West Bengal), 27AAGCV4943G1Z3 (Maharashtra).
The CIN (Corporate Identification Number) of Volvo Ce India is U29304KA2018FTC114454. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Volvo Ce India has 6 court cases on record: 5 filed by the company and 1 filed against it. 4 are pending. Most are in the high courts.
Volvo Ce India was incorporated on 03 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Volvo Ce India has 1 deal on record (1 funding round), with disclosed funding of ₹372.93 Cr; the latest was in November 2019.
The peers of Volvo Ce India by revenue are Epiroc Mining India Private Limited, Liugong India Private Limited, Ajax Engineering Limited, Ammann India Private Limited, all in the Machinery and Equipment industry (Construction Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Rohnny Marie R Van Calck ceased to be Additional Director on 28 Sep 2025. Rohnny Marie R Van Calck was appointed as Director on 25 Sep 2025. Deepak Dinkar Joshi ceased to be Additional Director on 30 Sep 2022. Volvo Ce India has 16 board changes on record in total.
Volvo Ce India has 11 MSME Form 1 returns on record between 2020 and 2024, listing 998 overdue payments to 77 micro and small suppliers. The latest return was filed on 02 May 2024.
Volvo Ce India can be reached through the website volvocars.com. Its registered office is in Bangalore, Karnataka, India.
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