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Business EconomyPosted at: Feb 14 2025 8:10PM


VEKA takes 100 pc control of uPVC biz in Joint Venture NCL-VEKA

New Delhi, Feb 14 (UNI) Germany based VEKA on Friday said it has successfully acquired 100 per cent ownership of the Company, marking VEKA’s unwavering commitment to the Indian market and its confidence in India’s rapidly expanding construction, real estate, and infrastructure sectors.
With VEKA now holding 100 per cent control, following a takeover of the remaining 50 per cent stake previously held by NCL and other shareholders , company said in a release.
Since its launch in 2009, the company has become India’s largest producer of uPVC profiles for doors and windows. VEKA holds largest market share across 130 cities, with a strong product portfolio and a revenue of Rs 442 crores in 2024, maintaining its leadership in the uPVC window and door solutions sector.
Andreas Hartleif, CEO, VEKA AG Germany said, “With this strategic takeover, VEKA Germany has reaffirmed its long-term commitment to India, recognizing 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 a 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."
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% 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."
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