VEKA Germany acquires full ownership and strengthens its India presence

VEKA Germany has secured 100 percent ownership of its Indian operations, reinforcing its commitment to India’s growing uPVC doors and windows market.

VEKA Germany, a global leader in the uPVC profile business, has successfully acquired 100 percent ownership of the company, demonstrating VEKA’s ongoing commitment to the Indian market and confidence in the country’s rapidly expanding construction, real estate, and infrastructure industries. VEKA currently has complete ownership after acquiring the remaining 50 percent of stock owned by NCL and other shareholders.

Since its inception in 2009, the company has grown to become India’s leading manufacturer of uPVC profiles for doors and windows. VEKA has the biggest market share in 130 cities, a strong product range, and a revenue of Rs. 442 crores in 2024, ensuring its leadership in the uPVC window and door solutions sector.

Andreas Hartleif, CEO, VEKA AG Germany, says, “With this strategic takeover, VEKA Germany has reaffirmed its long-term commitment to India, recognising the country’s 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 urbanisation, an infrastructure boom, and a growing focus on sustainable housing, VEKA is well-positioned to capitalise on the rising demand for uPVC profiles in India. With a targeted CAGR of 15 percent, 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, states, “We look forward to a new phase of growth and success in the journey of VEKA in India, as VEKA Germany now assumes 100 percent ownership of the company. With plans to increase production capacity in line with the projected growth and 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. 

As part of its dedication to innovation, VEKA intends to launch new products in the next few years, reinforcing its market leadership. With over 200 authorised fabricators in India, including Tier 3 and Tier 4 cities, VEKA is looking to expand in these untapped markets. VEKA intends to invest up to 100 crores in India over the next six years to foster innovation and growth. The company aims to remain the market leader in uPVC profiles by providing high-quality, long-term solutions to fulfil India’s expanding construction and real estate needs.

For more details, visit: https://nclveka.com/

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