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Volvo Group India
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Registered Details

VOLVO GROUP INDIA PRIVATE LIMITED

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Karnataka ›

Trading ›

Active

Updated: 05 Sep 2026

Volvo Group India Private Limited is a subsidiary of the global Volvo Group, operating in the automotive and transportation industry with a focus on commercial vehicles. The company manufactures a range of products including trucks, buses, and construction equipment, while also providing services such as financing and aftermarket support, catering to a diverse clientele across various sectors.

Volvo Group India Private Limited, is an unlisted private company incorporated on 02 August, 1996. It is classified as a private limited company and is located in Bangalore, Karnataka. It's authorized share capital is INR 100.00 cr and the total paid-up capital is INR 10.50 cr.

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Industry and products

Trading

intercity buses and coaches, and tourist coaches, city buses, bus chassis, as well as related parts.

Company size

Auth Capital

₹ 100.0 Cr

Paidup Capital

₹ 10.5 Cr

Revenue

₹ >5000 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

13.0%

₹ 5,487.9

EBITDA

5.21%

₹ 578.5

Net Profit

9.08%

₹ 379.2

Networth

46.44%

₹ 1,178.5

Borrowings

294.01%

₹ 296.6

Assets

7.46%

₹ 2,604.7

Gross Margin

3.91

47.3 %

Operating Margin

-0.79

10.7 %

Net Profit Margin

-0.25

6.9 %

Return on Equity

-11.02

32.2 %

ROCE

-30.69

51.4 %

Debt to Equity

0.16

0.2

Sales

Mar 2025

Net worth

Mar 2025

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Locations

India (14)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Kamal Bali	00688141	12 years
Director	Niklas Valdemar Gustafsson	06895419	12 years
Additional Director	Dharmendra Pandey	09388819	1 years
Director	Joseph Rajaratnam Satish Rajkumar	10648317	2 years
Director	Sofia Helena Frandberg	06516556	3 years

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	2,181.2	2,451.3	3,629.9	4,778.9	5,398.9
Operating profit	189.4	188.3	382.4	549.9	578.5
Net profit	42.0	122.4	234.7	347.6	379.2
Gross margin	44.1	43.4	45.2	43.4	47.3
Operating margin	8.7	7.7	10.5	11.5	10.7
Net margin	1.9	4.9	6.3	7.2	6.9
Networth	782.0	907.7	708.1	804.8	1,178.5
Borrowings	220.0	233.2	254.5	75.3	296.6
Assets	1,860.2	2,074.1	2,110.2	2,423.9	2,604.7
Debt to equity	0.3	0.3	0.4	0.1	0.2
Current ratio	1.6	1.6	1.0	1.1	1.3
ROE	5.4	13.5	33.1	43.2	32.2
Days payable	149.0	137.0	116.0	147.0	88.0
WC days	67.0	72.0	0.0	8.0	29.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	10.5	10.5	10.5	10.5	10.5
Reserves	771.5	897.2	697.6	794.2	1,168.0
Borrowings +	220.0	233.2	254.5	75.3	296.6
Long term borrowings	219.5	231.0	11.2	17.1	16.8
Short term borrowings	0.5	2.3	243.3	58.2	279.8
Trade payables +	496.0	519.9	629.4	1,086.6	687.4
Days payable	149.0	137.0	116.0	147.0	88.0
Other liabilities +	362.1	413.3	518.3	457.3	442.2
Other non-current liabilities	198.8	188.5	195.9	132.2	119.4
Other current liabilities	163.2	224.8	322.4	325.1	322.8
Total liabilities	1,860.2	2,074.1	2,110.2	2,423.9	2,604.7
Fixed Assets +	374.7	410.3	470.9	418.8	435.6
Tangible assets	365.9	396.4	460.5	396.6	384.1
CWIP	8.8	13.9	10.4	22.2	51.5
Intangible assets	-	-	-	-	-
LT loans and advances	29.5	-	-	-	-
Other non-current assets	394.9	436.0	447.6	435.0	444.4
Current assets +	1,061.0	1,227.7	1,191.7	1,570.1	1,724.6
Inventories	393.3	400.4	475.3	743.5	655.8
Trade receivables	271.7	333.0	379.0	470.3	638.5
Cash and cash equivalents	145.1	253.9	56.6	80.7	67.6
ST loans and advances	9.3	-	-	-	-
Other current assets	241.6	240.4	280.8	275.6	362.7
Total assets	1,860.2	2,074.1	2,110.2	2,423.9	2,604.7

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.56	0.51	0.5	0.43	0.4
Reserves	41.47	43.26	33.06	32.77	44.84
Borrowings +	11.83	11.25	12.06	3.11	11.39
Long term borrowings	11.8	11.14	0.53	0.7	0.64
Short term borrowings	0.03	0.11	11.53	2.4	10.74
Trade payables	26.67	25.06	29.82	44.83	26.39
Other liabilities +	19.47	19.93	24.56	18.87	16.98
Other non-current liabilities	10.69	9.09	9.28	5.45	4.59
Other current liabilities	8.78	10.84	15.28	13.41	12.39
Total liabilities
Fixed Assets +	20.15	19.78	22.32	17.28	16.72
Tangible assets	19.67	19.11	21.82	16.36	14.75
CWIP	0.47	0.67	0.49	0.92	1.98
Intangible assets	0.0	0.0	0.0	0.0	0.0
LT loans and advances	1.59	0.0	0.0	0.0	0.0
Other non-current assets	21.23	21.02	21.21	17.95	17.06
Current assets +	57.04	59.19	56.47	64.78	66.21
Inventories	21.14	19.3	22.53	30.67	25.18
Trade receivables	14.61	16.06	17.96	19.4	24.51
Cash and cash equivalents	7.8	12.24	2.68	3.33	2.6
ST loans and advances	0.5	0.0	0.0	0.0	0.0
Other current assets	12.99	11.59	13.3	11.37	13.93
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	2,181.2	2,451.3	3,629.9	4,778.9	5,398.9
Sales growth %	-5.85	12.38	48.08	31.65	12.97
Expenses +	2,099.8	2,360.9	3,384.6	4,383.7	4,973.6
Cost of goods	1,218.5	1,386.9	1,987.8	2,706.9	2,846.9
Employee cost	462.3	507.3	652.4	825.8	971.9
Other costs	311.1	368.9	607.4	696.3	1,001.5
Operating profit +	189.4	188.3	382.4	549.9	578.5
Operating margin %	8.7	7.7	10.5	11.5	10.7
Other income	57.2	59.5	70.2	77.8	89.0
Interest	32.9	28.9	36.7	31.0	22.2
Depreciation	75.0	68.9	100.3	123.7	131.1
Exceptional items	-	-	-	-	-
Profit before tax	138.6	149.9	315.6	473.0	514.2
Tax	53.4	27.5	80.9	125.3	135.1
Profit - disc. ops	-43.2	-	-	-	-
Net profit	42.0	122.4	234.7	347.6	379.2
Net margin %	1.9	4.9	6.3	7.2	6.9

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	97.45	97.63	98.1	98.4	98.38
Expenses +	93.81	94.03	91.47	90.26	90.63
Cost of goods	54.44	55.24	53.72	55.73	51.88
Employee cost	20.65	20.2	17.63	17.0	17.71
Other costs	13.9	14.69	16.42	14.34	18.25
Operating profit	8.46	7.5	10.34	11.32	10.54
Other income	2.55	2.37	1.9	1.6	1.62
Interest	1.47	1.15	0.99	0.64	0.41
Depreciation	3.35	2.74	2.71	2.55	2.39
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	6.19	5.97	8.53	9.74	9.37
Tax	2.38	1.1	2.19	2.58	2.46
Profit - disc. ops	-1.93	0.0	0.0	0.0	0.0
Net profit	1.88	4.88	6.34	7.16	6.91

Revenue from operations

Ratios

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.3	0.3	0.4	0.1	0.2
Net Debt/Equity	0.1	0.0	0.3	0.0	0.2
Total Debt/Assets	0.1	0.1	0.1	0.0	0.1
Total Assets/Equity	2.4	2.3	3.0	3.0	2.2
Liquidity +
Current Ratio	1.6	1.6	1.0	1.1	1.3
Quick Ratio	1.0	1.1	0.6	0.6	0.8
Interest Coverage	5.8	6.5	10.4	17.7	26.0
Performance
Gross Margin	44.1	43.4	45.2	43.4	47.3
Operating Margin	8.7	7.7	10.5	11.5	10.7
Net Margin	1.9	4.9	6.3	7.2	6.9
Return +
Return on Equity	5.4	13.5	33.1	43.2	32.2
Pre-tax ROCE	14.7	13.4	60.3	82.1	51.4
Return on Assets	2.3	5.9	11.1	14.3	14.6
Pre-tax ROIC	13.3	13.2	31.1	53.0	31.8
Efficiency +
Days Payable	149.0	137.0	116.0	147.0	88.0
Days Inventory	118.0	105.0	87.0	100.0	84.0
Days Receivable	45.0	50.0	38.0	36.0	43.0
Fixed Asset Turnover	5.8	6.0	7.7	11.4	12.4
Total Asset Turnover	1.2	1.2	1.7	2.0	2.1
Working Capital
Cash Conversion Cycle	14.0	18.0	9.0	-11.0	39.0
Working Capital Days	67.0	72.0	0.0	8.0	29.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
SWEDISH CHAMBER OF COMMERCE INDIA	Active	0.0	1	Delhi
ANTRIX CORPORATION LIMITED	Active	6.8 Cr	1
VOLVO FINANCIAL SERVICES (INDIA) PRIVATE LIMITED	Active	514.5 Cr	1	Karnataka
ITC HOTELS LIMITED	Active	208.3 Cr	1	West Bengal
VE COMMERCIAL VEHICLES LIMITED	Active	10.0 Cr	1	Delhi
VOLVO CE INDIA PRIVATE LIMITED	Active	372.9 Cr	1	Karnataka

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW CASH BALANCE

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U50101KA1996PTC024176

Incorporation

1996, 30.1 years

Company Email

laxminarayan.hegde@volvo.com

Paid up Capital

₹ 10.5 Cr

Authorised Capital

₹ 100.0 Cr

AGM

Aug 2025

Type

Private

Others

FAQ - VOLVO GROUP INDIA PRIVATE LIMITED

What is the incorporation date of VOLVO GROUP INDIA PRIVATE LIMITED?

The incorporation date of VOLVO GROUP INDIA PRIVATE LIMITED is 02 August, 1996

What is the authorized share capital of VOLVO GROUP INDIA PRIVATE LIMITED?

The authorized share capital of VOLVO GROUP INDIA PRIVATE LIMITED is INR ₹ 100.0 Cr.

What is the paid-up capital of VOLVO GROUP INDIA PRIVATE LIMITED?

The paid-up capital of VOLVO GROUP INDIA PRIVATE LIMITED is INR ₹ 10.5 Cr.

What is the registered address of VOLVO GROUP INDIA PRIVATE LIMITED?

The registered address of VOLVO GROUP INDIA PRIVATE LIMITED is YALACHAHALLY VILLAGE,TAVAREKERE POST, HOSKOTE TALUK BANGALORE Karnataka - 560122

What is the CIN number of VOLVO GROUP INDIA PRIVATE LIMITED?

The CIN number of VOLVO GROUP INDIA PRIVATE LIMITED is U50101KA1996PTC024176.

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