Action Construction Equipment

Overview

Action Construction Equipment Ltd.

trading name	ACE
former name	Action Construction Equipments Private Limited (1995–2005) Action Construction Equipments Limited (2005–2006)
type	Public Company
traded as	bse: 532762 nse: ACE
industry	Heavy Equipment
foundation	1995
founder	Vijay Aggarwal
location	Faridabad, India
area served	Worldwide
key people	Vijay Agarwal (Chairman & Managing Director) Mona Agarwal (Whole Time Director) Sorab Agarwal (Executive Director)
products	crawler cranes, concrete placing booms, bulldozers, mobile tower crane, tractors, pick and carry cranes, hydra cranes, articulated boom crane, mobile crane, telehandler, nextgen pick and carry cranes, new generation crane, farana crane, truck mounted crane, lorry loader crane, straight boom lift crane, articulated boom crane, backhoe loaders, aerial work platform awp, forklift trucks, piling rigs, vibratory rollers, tower cranes, road equipment, motor grader, warehousing equipment, Agri equipment
revenue	₹ 3,320.32 Cr ‡R1R‡
num employees	1492 ‡R2R‡
num employees year	31 March 2025
homepage	https://www.ace-cranes.com

Action Construction Equipment Ltd. is an Indian material handling and construction equipment manufacturing company, incorporated in 1995.[3][4][5][6]

The company has eight manufacturing sites in Faridabad, Haryana,[7] with a research and development in Faridabad district,[7] and has a manufacturing capacity of 12000 construction equipment and 9000 tractors annually.[8]

Timeline

1995 – company incorporated, rolled out its first hydraulic mobile crane[13]

1997 – received ISO 9001:2008 certification; established regional office in Mumbai

1998 – rolled out first mobile tower crane

1999 – rolled out its first small Loader; exported its first machine

2001 – partnership with Autogru PM, Italy for distribution of their products.[14]

2004 – sold first tower crane and began developing fixed tower cranes

2005 – The company becomes public limited company and name was change Action Construction Equipments Private Limited to Action Construction Equipments Ltd. on October 4, 2005.[15]

2006 – formed joint venture with Italian firm Tigieffe;[16] listing on Stock Exchange – BSE and NSE; CNBC TV 18 emerging company award[17]

2007 – launched forklift truck; became first Indian construction equipment manufacturer to be accorded CE marking; approved acquisition of a Romanian company by its Cyprus-based subsidiary, Frested Ltd.[18]

2007/2008-purchased 89.5% of Forma S.A. in Romania, also a tractor and equipment manufacturer. Some ACE models have been sold as ACE-Forma[19]

2008 – partnered with Chinese manufacturer Zoomlion;[20] launched crawler cranes;[21] rolled out the tractor range

2009 – designed, developed and launched road making equipment

2010 – Indigenous production of big Tower Cranes.

2011 – launch of in-house R&D center; in-house manufacturing of crawler cranes

2012 – launched new generation pick and carry cranes, lorry loaders, and higher-capacity tower cranes[22]

2013 – started in-house engine plant; launched Free of Cost 24 x 7 ambulance service for the areas of Palwal and Faridabad Districts.

2014 – launched wheel harvester

2015 – launched rotavator and other agricultural implements

2016 – launched skid-steer loader and partnered with Turkish company Boom Makina[23]

2017 – launched tractor range of up to 90 HP

2018 – launched AX124 backhoe loader for export market;[24][25] ACE entered into MoU with Ursus SA for localization new range of tractors.;[26] partnered with Punjab National Bank for farm machinery financing.[27]

2019 – launched NX-series Multi Activity Crane at Bauma Conexpo, India[28][29][30] Launched NX360° slew-cum-pick and carry crane from Tara Chand Logistics, Mumbai[31]F150EV Electric Crane.png

Action Construction Equipment

Timeline

Awards and recognition

References