Action Construction Equipment (ACE) is a Delhi-based construction equipment manufacturer. The company was incorporated as a private limited company in 1995 and went public in 2005. Vijay Agarwal is the chairman, CEO, and managing director of the company. ACE is engaged in designing, manufacturing and marketing hydraulic mobile pick-n-move cranes, forklift trucks, loaders, tower cranes, aerial work platforms, mast climbing platforms/lifts, and lorry loaders/truck mounted cranes. ACE has full-fledged production facilities based in Faridabad. ACE equipment is used in many industrial sectors like infrastructure, construction, roads, engineering industry, coal mines, chemical and fertilizer plants, power stations, ports, heavy project engineering industry, railways, cement industry, oil industry, defence etc. ACE has been certified as an ISO 9001 company by CVI.
The company has a series of tie-ups with the leading foreign companies like PM-Italy, Zoomlion-China, Maber-Italy and Airo-Italy, for technology and machines from around the world. The company`s Cyprus arm, Frested, acquired 73.9% stake in a Romanian company, SC FORMA SA-Romania, for a total cost of USD 2.15 million. ACE provides spares and support for construction equipments and has a network of five regional offices and 37 sales and service dealer outlets across India. Clients include Reliance Industries, Punj Lloyd, ACC, Cimmco Birla, Central Coalfields, Punjab State Electricity Board, Rajasthan State Electricity Board etc. ACE has marketing tie-ups with companies like Autogru PM, Tigieffe SRL and Maber in Italy and Zoomlion in China and also exports its equipment to the Middle East and African countries.
The registered office is at II Floor, Plot No.7, H-Block, Sarita Vihar, New Delhi-110044. Financials The company announced rise of 78.45% in standalone net profit on y-o-y basis to Rs 106.22 million, while total income rose 71.42% y-o-y basis to Rs 1.83 billion for the quarter ended December 2010.
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