VEKA Acquires 100% Control of uPVC Business in JV NCL VEKA
Products

VEKA Acquires 100% Control of uPVC Business in JV NCL VEKA

VEKA Germany, a global leader in the uPVC profile industry, has successfully acquired 100% ownership of the Company, marking VEKA’s unwavering commitment to the Indian market and its confidence in India’s rapidly expanding construction, real estate, and infrastructure sectors. With VEKA now holding 100% control, following a takeover of the remaining 50% stake previously held by NCL and other shareholders.

Since its launch in 2009, the company has become India’s largest producer of uPVC profiles for doors and windows. VEKA holds largest market share across 130 cities, with a strong product portfolio and a revenue of Rs. 442 crores in 2024, maintaining its leadership in the uPVC window and door solutions sector.

Andreas Hartleif, CEO, VEKA AG Germany said, “With this strategic takeover, VEKA Germany has reaffirmed its long-term commitment to India, recognizing the country’s immense potential as a hub for innovation, manufacturing, and market growth. This move further strengthens VEKA's leadership in both global and Indian markets. As India’s economy experiences a robust growth, driven by rapid urbanization, an infrastructure boom, and a growing focus on sustainable housing, VEKA is well-positioned to capitalize on the rising demand for uPVC profiles in India. With a targeted CAGR of 15%, VEKA aims to drive market growth while transforming the country’s building materials industry with sustainable, durable, and aesthetically appealing solutions.”

Ashven Datla, Chairman of the Company said, “We look forward to a new phase of growth and success in the journey of VEKA in India, as VEKA Germany now assumes 100% ownership of the company. With plans to increase production capacity in line with the projected growth, with facilities that will serve as export hubs to international markets and explore greenfield opportunities, The Company is poised to expand further. Our continued focus on innovation and product development will help meet India’s growing demand for high-quality, energy-efficient uPVC solutions.”

As part of VEKA's commitment to innovation, the company plans to introduce new products in the coming years, reinforcing its leadership in the market. With over 200 authorized fabricators across India, including in tier 3 and tier 4 cities, VEKA is targeting growth in these unexplored regions. VEKA plans to invest up to 100 crores in India over the next six years to drive innovation and expansion. The company’s vision is to remain the market leader in uPVC profiles, delivering high-quality, sustainable solutions to meet the growing demands of India's construction and real estate sectors.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

VEKA Germany, a global leader in the uPVC profile industry, has successfully acquired 100% ownership of the Company, marking VEKA’s unwavering commitment to the Indian market and its confidence in India’s rapidly expanding construction, real estate, and infrastructure sectors. With VEKA now holding 100% control, following a takeover of the remaining 50% stake previously held by NCL and other shareholders.Since its launch in 2009, the company has become India’s largest producer of uPVC profiles for doors and windows. VEKA holds largest market share across 130 cities, with a strong product portfolio and a revenue of Rs. 442 crores in 2024, maintaining its leadership in the uPVC window and door solutions sector.Andreas Hartleif, CEO, VEKA AG Germany said, “With this strategic takeover, VEKA Germany has reaffirmed its long-term commitment to India, recognizing the country’s immense potential as a hub for innovation, manufacturing, and market growth. This move further strengthens VEKA's leadership in both global and Indian markets. As India’s economy experiences a robust growth, driven by rapid urbanization, an infrastructure boom, and a growing focus on sustainable housing, VEKA is well-positioned to capitalize on the rising demand for uPVC profiles in India. With a targeted CAGR of 15%, VEKA aims to drive market growth while transforming the country’s building materials industry with sustainable, durable, and aesthetically appealing solutions.”Ashven Datla, Chairman of the Company said, “We look forward to a new phase of growth and success in the journey of VEKA in India, as VEKA Germany now assumes 100% ownership of the company. With plans to increase production capacity in line with the projected growth, with facilities that will serve as export hubs to international markets and explore greenfield opportunities, The Company is poised to expand further. Our continued focus on innovation and product development will help meet India’s growing demand for high-quality, energy-efficient uPVC solutions.”As part of VEKA's commitment to innovation, the company plans to introduce new products in the coming years, reinforcing its leadership in the market. With over 200 authorized fabricators across India, including in tier 3 and tier 4 cities, VEKA is targeting growth in these unexplored regions. VEKA plans to invest up to 100 crores in India over the next six years to drive innovation and expansion. The company’s vision is to remain the market leader in uPVC profiles, delivering high-quality, sustainable solutions to meet the growing demands of India's construction and real estate sectors.

Next Story
Infrastructure Transport

MoRTH Seeks State Input on New Urban and Road Policies

The Ministry of Road Transport and Highways (MoRTH) convened a State Consultation Conference on 3 September 2025 at Bharat Mandapam, New Delhi, under the chairmanship of Union Minister Nitin Gadkari, with Ministers of State Ajay Tamta and Harsh Malhotra in attendance. The aim was to gather inputs from State and Union Territory governments on key policy frameworks under finalisation, which are expected to shape coordinated infrastructure and urban development along India’s National Highway network.Urban Decongestion PolicyThe proposed Urban Decongestion Policy targets cities with populations ..

Next Story
Infrastructure Urban

Maharashtra Clears Rs 750 Billion Urban Infra Projects

The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, has cleared infrastructure projects worth Rs 750 billion (Rs 75,000 crore) across Mumbai, Thane, Navi Mumbai, Pune, and Nagpur, including the ambitious Mumbai Metro Line-11 linking Wadala to Gateway of India, at an estimated cost of Rs 240 billion (Rs 24,000 crore).Mumbai Metro Line-11: Wadala to Gateway of IndiaThe 17.5-km underground corridor will extend the existing Line-4 (Wadala–Thane–Kasarvadavli) and feature 14 stations, 13 of them underground. Designed to run six-car trains at 80 kmph with a 2.5-minute headway, t..

Next Story
Infrastructure Transport

Panel to Review Rs 22 Billion NICE Road Project Delays

Karnataka Home Minister G Parameshwara on Wednesday announced that the state cabinet has constituted a sub-committee to scrutinise the long-pending Bengaluru–Mysuru NICE Road project, which has seen little progress since its launch in 2008 by Nandi Infrastructure Corridor Enterprises (NICE).Despite being conceived as a high-speed corridor between Bengaluru and Mysuru, only 42 km of the planned peripheral road has been completed so far. “Land has been handed over to the company, but there is still no clarity. The company has violated the agreement multiple times while shifting blame onto th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?