Action Construction Equipment

Action Construction Equipment Ltd.
ACE
FormerlyAction Construction Equipments Private Limited (1995–2005)
Action Construction Equipments Limited (2005–2006)
Company typePrivate Company
BSE: 532762
NSE: ACE
IndustryHeavy Equipment
Founded1995
FounderVijay Aggarwal
HeadquartersFaridabad, India
Area served
Worldwide
Key people
Vijay Agarwal
(Chairman & Managing Director)
Mona Agarwal
(Whole Time Director)
Sorab Agarwal
(Executive Director)
Productscrawler 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₹ 2,990 crores
Number of employees
5000+
Websitewww.ace-cranes.com
CMD
Vijay Agarwal (CMD - ACE Ltd.) & Mona Agarwal

Action Construction Equipment Ltd. is an Indian material handling and construction equipment manufacturing company, incorporated in 1995.[1][2][3][4]

The company has eight manufacturing sites in Faridabad, Haryana,[5] with a research and development in Faridabad district,[5] and has a manufacturing capacity of 12000 construction equipment and 9000 tractors annually.[6] Their product portfolio is divided into four main categories: agricultural equipment, construction equipment, road construction equipment, and earth-moving machinery,[7] mainly catering to Asia-Pacific, Africa and Latin America regions.[8][9]

In 2019, the company was ranked at #223 in Fortune magazine's "Next 500" list of midsized Indian companies.[10]

Timeline

  • 1995 – company incorporated, rolled out its first hydraulic mobile crane[11]
  • 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.[12]
  • 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.[13]
  • 2006 – formed joint venture with Italian firm Tigieffe;[14] listing on Stock Exchange – BSE and NSE; CNBC TV 18 emerging company award[15]
  • 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.[16]
  • 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[17]
  • 2008 – partnered with Chinese manufacturer Zoomlion;[18] launched crawler cranes;[19] rolled out the tractor range[citation needed]
  • 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[20]
  • 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[21]
  • 2017 – launched tractor range of up to 90 HP[21][22]
  • 2018 – launched AX124 backhoe loader for export market;[23][24] ACE entered into MoU with Ursus SA for localization new range of tractors.;[25] partnered with Punjab National Bank for farm machinery financing.[26]
  • 2019 – launched NX-series Multi Activity Crane at Bauma Conexpo, India[27][28][29] Launched NX360° slew-cum-pick and carry crane from Tara Chand Logistics, Mumbai[30]
    F150ev
    India's 1st Electric Crane F150ev

Awards and recognition

  • ICICI, CNBC-TV18 Emerging India Awards 2005-2006[15]
  • India's Best Company of the Year Award 2018 by Berkshire Media Pvt. Ltd. (A Division of Berkshire Media LLC, USA)[31]
  • Dream Companies to Work for - Construction Sector, 16 February 2019[32]
  • Award for Brand Excellence- Construction Equipment Industry ACE-  National Brand Leadership Congress & Awards 2019[33]
  • Best Training Initiative Award (Infrastructure Sector) in National Award For Excellence in Training & Development 2019[34]
  • North India Best Employer Brand Award - 13th Employer Branding Awards 2018[35]
  • India's Top Challengers Award - 16th Construction World Global Awards-2018[36]
  • Best Seller in Mobile Cranes Category Award - 6th Equipment India-2018[37]
  • Best Seller in Mobile Cranes Category Award-5th Equipment India-2018[38][39]
  • Associate Partner in India's Top Challengers Award-Construction World-2017[40]
  • India's Most Trusted Company Award-IBC, USA-2017[41]
  • "70 Most Trusted Power Brands of India" Award-2017[42]
  • Economic Times "Infra Focus" Award-2017.
  • Best Seller in Mobile Cranes Category Award-4th Equipment India-2017[43]
  • Construction World-2006, 2007, 2008, 2011, and 2012[44]
  • Brand Excellence- Construction Equipment Industry by National Brand Leadership Congress & Awards
  • Best Training Initiative Award-Infrastructure Sector by National Award For Excellence in Training & Development 2019
  • Ranked 223rd among the Next 500 Companies & Listed as Top Wealth Creators, 2019- Fortune India Magazine
  • Best Company of the Year- Material Handling 2019 at Worldwide Achievers Business Leader's Summit & Awards 2019
  • India's Most Trusted Companies Awards 2019
  • Future of Workplace & Leadership Award - 2019
  • India's Greatest Leaders 2019
  • India's Greatest Brands 2019
  • Excellence in Engineering Design 2019
  • Person of the Year - Vijay Agarwal (Chairman & Managing Director) - ACE Equipment India 2019
  • Bestseller in Mobile Cranes- Equipment India 2019
  • North India Best Employer Award 2019 - 20
  • Most Innovative HR Award
  • Outstanding Employee Engagement Strategy Award - 2020
  • Business Leader of the Year 2020 Award
  • Best Company of the Year 2020 Award
  • ACE Bags "Best Company in Cranes & Tower Cranes" Award in the CIA World Awards 2020
  • Bestseller in Mobile Cranes Category” at Equipment India Awards, October 2020
  • The Economic Times Prestigious Brands 2020–21 Award, March 2021
  • “Best Company of the Year (Manufacturing)” Award at the Business Leader of the Year -19th Global Edition and 4th Edition India Awards, Apr 2021
  • “Most Trusted Construction Equipment Manufacturer of the Year” Award at Business Leader Awards, Aug 2021
  • Innovative New Equipment Launched 2021 by Construction Week, Sept 2021
  • Best Mobile Crane Brand 2021 by Construction Week, Sept 2021
  • Best Innovative Product of the Year 2021 by CIA World, Oct 2021
  • Best Company in Cranes & Tower Cranes 2021 by CIA World, Oct 2021
  • Outstanding Contribution in the Field of Logistics & Supply Chain Sector 2021 by CMO Asia, Oct 2021
  • Market Leadership Award 2021 by CMO Asia, Oct 2021
  • Award for Managing Health at Work 2021 by CMO Asia, Oct 2021
  • India’s Top Challengers 2021 by Construction World, Oct 2021
  • Innovation of the Year 2021 by Equipment India, Oct 2021
  • Bestseller in Mobile Cranes 2021 by Equipment India, Oct 2021
  • Power Brands – India’s Most Dynamic Leader - 2022 by Daily Indian Media, June 2022
  • India’s 20 Most Impactful Power Brands 2022-23 by Daily Indian Media, June 2022
  • Innovative Construction Equipment Award - ACE FP 210 Piling Cranes - by CE & CR Magazine, June 2022
  • Transformative Trailblazing Leader – Mr Vijay Agarwal by Business Icons of India 2022
  • Ranked 171st among the Next 500 Companies 2022 – Fortune India Magazine
  • Best CSR Initiative Award – ITOTY Awards 2022
  • CEO of the Year – Mr. Ashok Anantharaman (COO – Agri Division), ACE - 4th Farm Power Awards 2022
  • Best Harvesting Solution Award – 4th Farm Power Awards 2022
  • Bestseller in Mobile Cranes Category Award- 10th Equipment India Awards 2022
  • Person of the Year Award to Mr. Sorab Agarwal (Executive Director)- ACE by Equipment India 2022
  • Best in Sales-Pick and Carry Cranes at Equipment Times Awards, February 2023
  • Best CSR Initiative Award – ITOTY Awards 2023
  • Awarded as One of The Next 500 Companies 2023 by Fortune India
  • Top Challengers - 21st Construction World Global Awards 2023
  • Bestseller in Tower Cranes at 11th Equipment India Awards 2023
  • Bestseller in Mobile Cranes at 11th Equipment India Awards 2023
  • Innovative Design Award To ACE AP 21A Articulating Boom Lift Self-Propelled Aerial Work Platfrom at Equipment Times Yellow Dot Awards 2023
  • Innovative Design Award To ACE F150 EV NextGen Electric Crane at Equipment Times Yellow Dot Awards 2023
  • Hurun India Value Creator of the Year 2023 Award at India's Most Respected Entrepreneurs Awards by Hurun India

References

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  2. ^ "History of Action Construction Equipment Ltd., Company". Goodreturn. Retrieved 30 July 2019.
  3. ^ "ACE construction equipment". The Economic Times. 8 August 2006. Retrieved 30 July 2019.
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  5. ^ a b "India's Top Magazine on Construction, Infrastructure & Civil Engineering -- CE & CR". cecr.in. Archived from the original on 27 August 2019. Retrieved 26 August 2019.
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  12. ^ "Excon 2009 - A Wonderful Opportunity for Interaction". www.nbmcw.com. Archived from the original on 27 August 2019. Retrieved 26 August 2019.
  13. ^ "Action Const. Equip: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Action Const. Equip - NDTV". www.ndtv.com. Retrieved 2 November 2023.
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  15. ^ a b "Emerging India Awards". emergingindiaawards.com. Retrieved 26 August 2019.
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