Action Construction Equipment

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

Action Construction Equipment Ltd.

Trade name	ACE
Formerly	Action Construction Equipments Private Limited (1995–2005) Action Construction Equipments Limited (2005–2006)
Company type	Public Company
Traded as	BSE: 532762 NSE: ACE
Industry	Heavy Equipment
Founded	1995
Founder	Vijay Aggarwal
Headquarters	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	₹ 2,990 crores
Number of employees	5000+
Website	www.ace-cranes.com

Vijay Agarwal (CMD - ACE Ltd.) & Mona Agarwal

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
• 2018 – launched AX124 backhoe loader for export market;^[22][23] ACE entered into MoU with Ursus SA for localization new range of tractors.;^[24] partnered with Punjab National Bank for farm machinery financing.^[25]
• 2019 – launched NX-series Multi Activity Crane at Bauma Conexpo, India^[26][27][28] Launched NX360° slew-cum-pick and carry crane from Tara Chand Logistics, Mumbai^[29]

  

  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)^[30]
• Dream Companies to Work for - Construction Sector, 16 February 2019^[31]
• Award for Brand Excellence- Construction Equipment Industry ACE-  National Brand Leadership Congress & Awards 2019^[32]
• Best Training Initiative Award (Infrastructure Sector) in National Award For Excellence in Training & Development 2019^[33]
• North India Best Employer Brand Award - 13th Employer Branding Awards 2018^[34]
• India's Top Challengers Award - 16th Construction World Global Awards-2018^[35]
• Best Seller in Mobile Cranes Category Award - 6th Equipment India-2018^[36]
• Best Seller in Mobile Cranes Category Award-5th Equipment India-2018^[37][38]
• Associate Partner in India's Top Challengers Award-Construction World-2017^[39]
• India's Most Trusted Company Award-IBC, USA-2017^[40]
• "70 Most Trusted Power Brands of India" Award-2017^[41]
• Economic Times "Infra Focus" Award-2017.
• Best Seller in Mobile Cranes Category Award-4th Equipment India-2017^[42]
• Construction World-2006, 2007, 2008, 2011, and 2012^[43]