Covestro (India) Pvt Ltd

Covestro (India) Pvt Ltd

Company limited by Shares (2) 386+ employees

Covestro (India) Pvt Ltd Overview

INDIA HO
Thane
COMPANY SIZE
386+ employees
CIN
U19113MH1995PTC179724
TYPE
Private
CATEGORY
Company limited by Shares
SUB-CATEGORY
Non-govt company
WEBSITE
https://www.covestro.in
EMAIL
puneet.kapur@covestro.com
FOUNDED
11 Sep,1995
PAID-UP CAPITAL
2,625,200,000
AUTHORISED CAPITAL
3,644,000,000
N/A Related OEMs
3 No. of plants

Company Breakup

Name share
Bodies Corporate
100.00%
Total Number Of Shareholders 2
Shareholding As On 2016-09-27

Covestro (India) Pvt Ltd in News

02 Feb 2023

US and India join forces to boost semiconductor industry

One of its goals is to conduct a comprehensive analysis of India's semiconductor ecosystem and determine its level of readiness. This will help identify areas for improvement and create a roadmap for the development of a robust semiconductor industry in India.

31 Jan 2023

Steel cos seek import duty hike to counter dumping

The import duty on finished steel products was slashed to 7.5% in the budget for 2021-22. The Indian Steel Association (ISA), a lobby for domestic steelmakers, has written to the finance minister, requesting to restore the duty to 12.5% for flat steel products and increase it to 10% for long products.

31 Jan 2023

Vedanta likely to scrap plans to sell mega Indian copper smelter

After scrapping the seven-month-old process to offload the 400,000 tons-a-year Sterlite Copper plant, the company will now work with the local population to restart the factory that was shut on environmental concerns. The refined metal is poised to play an important role in the nation’s shift toward electric vehicles and renewables and has lured interest from billionaire Gautam Adani’s group

30 Jan 2023

Luxury car sales may scale a record high this year

The segment, which accounts for less than 1% of the broader passenger vehicle market in the country, ended last year with sales of an estimated 37,000-38,000 units. The best year for the segment was in 2018 when sales touched 40,863 units.

30 Jan 2023

An indigenous hyperloop takes shape in Chennai

A team of engineers at IIT Madras and a startup have come together to build India’s first cargo hyperloop system. A test track for the full stack technology is being planned to be operational by June.

27 Jan 2023

India's EV dawn fans expectations fuel demand may peak early

India, one of the world's fastest growing oil markets, has lagged major economic peers in Europe and Asia in the adoption of EVs but sales are now picking up and investment in the production of new autos and energy infrastructure is accelerating.

27 Jan 2023

Maruti Suzuki to introduce 6 EVs in India by FY2030

“In India, we will introduce the SUV battery EV announced at the Auto Expo 2023 in FY2024, with 6 models to be launched by FY2030. To provide a full range of products and services, Suzuki will provide not only battery EVs but also carbon neutral internal combustion engine vehicles that use CNG, biogas, and ethanol mixed fuels,” said the company in a statement.

26 Jan 2023

Can hydrogen technology be a game changer for the Indian automotive industry?

When we address the question of how hydrogen will be a ‘game-changer’, we really need to answer a set of questions. What is the current game? And what needs to change in that game? What are the key components or building blocks of hydrogen technology? Will this technology be safe? Will it be cost-effective especially for the Indian market? What could be the contours of the new game and what does it mean to us here in India or to the world?

26 Jan 2023

FAME subsidy should be there till EV penetration touches 10%: Greaves Electric CEO

"FAME (Faster Adoption and Manufacturing of (Hybrid & Electric Vehicles in India-II) subsidies have played a critical role in encouraging consumers to adopt EVs. It is essential that the subsidy allocation to OEMs (original equipment manufacturers) continues, till the market reaches an EV penetration of 8-10 per cent," said Sanjay Behl, CEO and Executive Director of Greaves Electric Mobility Private Limited (GEMPL).

25 Jan 2023

Porsche 718 Cayman GT4 RS debuts in India at Festival of Dreams

The GT4 RS, the top model in the 718 lineup, is exclusively offered in the coupe body style. The base models of the 718 range in India are the Cayman and Boxster, with the GTS versions of both coming later. The performance-oriented Cayman GT4 and Boxster Spyder are positioned below GT4 RS.

Directors of Covestro (India) Pvt Ltd

Name DIN Email Designation Date of joining
Samir Hifri Unlock to View Unlock to View Director 22 Jan,2016
Avinash Manmohan Bagdi Unlock to View Unlock to View Director 16 Jul,2015
Ajay Durrani Unlock to View Unlock to View Managing director 01 Sep,2012

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