In February 2025, VEKA India acquired the remaining 50% stake in NCL VEKA from NCL Industries and other shareholders, making it a wholly-owned subsidiary of the VEKA Group. This transaction consolidates VEKA’s presence in India, a key growth market due to rapid urbanization and rising demand for uPVC products.

VEKA AG, headquartered in Sendenhorst, Germany, is a family-owned company founded over 50 years ago. It is the world’s leading manufacturer of uPVC (unplasticized polyvinyl chloride) profile systems for windows, doors, and related products like sheets and outdoor living solutions. With operations in 40 countries, 36 locations, and over 5,500 employees, VEKA generates annual sales exceeding €1 billion.

NCL VEKA, based in Hyderabad, is India’s largest manufacturer of uPVC profiles for windows and doors, producing up to 24,000 tons annually to serve over 500,000 homes and institutional projects.

The team from IMAP India advised NCL Industries on the transaction.