VEKA Germany, a uPVC profile industry, has acquired 100 per cent ownership of the Company, marking VEKA’s commitment to the Indian market and its confidence in India’s rapidly expanding construction, real estate, and infrastructure sectors. VEKA now holds 100 per cent control, following a takeover of the remaining 50 per cent stake previously held by NCL and other shareholders.
The company has become India’s largest producer of uPVC profiles for doors and windows since its inception in 2009. VEKA holds the largest market share across 130 cities, with a strong product portfolio and a revenue of Rs 442 crores in 2024.
Andreas Hartleif, CEO of VEKA AG Germany, said, “With this strategic takeover, VEKA Germany has reaffirmed its long-term commitment to India, recognising its immense potential as a hub for innovation, manufacturing, and market growth. This move further strengthens VEKA's leadership in both global and Indian markets. As India’s economy experiences robust growth, driven by rapid urbanization, an infrastructure boom, and a growing focus on sustainable housing, VEKA is well-positioned to capitalize on the rising demand for uPVC profiles in India. With a targeted CAGR of 15 per cent, VEKA aims to drive market growth while transforming the country’s building materials industry with sustainable, durable, and aesthetically appealing solutions.”
Ashven Datla, Chairman of the Company, said, “We look forward to a new phase of growth and success in the journey of VEKA in India, as VEKA Germany now assumes 100 per cent ownership of the company. With plans to increase production capacity in line with the projected growth, with facilities that will serve as export hubs to international markets and explore greenfield opportunities, The Company is poised to expand further. Our continued focus on innovation and product development will help meet India’s growing demand for high-quality, energy-efficient uPVC solutions."
VEKA plans to introduce new products in the coming years, reinforcing its leadership in the market. With over 200 authorised fabricators across India, including in tier 3 and tier 4 cities, VEKA targets growth in these unexplored regions. VEKA plans to invest up to 100 crores in India over the next six years to drive innovation and expansion. The company’s vision is to remain the market leader in uPVC profiles, delivering high-quality, sustainable solutions to meet the growing demands of India's construction and real estate sectors.
