When was TORM founded?

TORM was founded in 2002 and raised its 1st funding round 9 years after it was founded.

Where is TORM located?

TORM is headquartered in Copenhagen, Denmark. It is registered at IInd Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), MUMBAI, Maharashtra, India, 400059.

How many employees does TORM have?

As of Jul 31, 2026, the latest employee count at TORM is 2269.

Is TORM a funded company?

TORM is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Jun 28, 2011.

When was the latest funding round of TORM?

TORM's latest funding was a $***** Post IPO round on Dec 18, 2025, with participation from 0 investor.

Where does TORM rank among its competitors?

TORM ranks 9th amongst 526 active competitors, of which 4 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was TORM, which secured an undisclosed amount in Dec, 2025.

Who are the top competitors of TORM?

TORM's top competitors include ZIM, Hyundai Merchant Marine and Qube. Among them, TORM secured the most recent funding round in December, 2025.

TORM - 2026 Company Profile, Team, Funding & Competitors

TORM is a public company based in Copenhagen (Denmark), founded in 2002. It operates as a Shipping company. TORM has raised an undisclosed amount in funding. The company has 526 active competitors, including 4 funded and 106 that have exited. Its top competitors include companies like ZIM, Hyundai Merchant Marine and Qube.

Company Details

TORM is a product tanker and dry bulk company and runs a fleet of approx. 160 vessels. The Company is headquartered in Copenhagen, Denmark. The company provides tankers for carrying oils and gasoline products. The company is listed on Nasdaq Copenhagen.

Website: torm.com
Registered Address: IInd Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), MUMBAI, Maharashtra, India, 400059

Key Metrics

Founded Year

2002

Location

Copenhagen, Denmark

Stage

Public

Latest Funding Round

Post IPO, Dec 18, 2025, $*****

Investors

SEB & 4 more

Ranked

9^th among 526 active competitors

Employee Count

2,269 as on Jul 31, 2026

Investment & Acquisitions

ME Production & 2 more

Similar Companies

ZIM & 588 more

Exit Details

Public

View TORM's full profile

TORM is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TORM A/S CIN: 22460218 , Denmark, Active	Oct 15, 1999	-	258 (As on Apr 30, 2024)
TORM SHIPPING INDIA PRIVATE LIMITED CIN: U63000MH1996PTC103985 , India, Active	Nov 18, 1996	₹50 - ₹100 Cr (As on Mar 31, 2025)	-

TORM got listed on Jul 11, 2016.

Click here to take a look at TORM's IPO in detail

TORM has raised funding over 3 rounds. Its first funding round was on Jun 28, 2011. TORM has 5 institutional investors.

Here is the list of recent funding rounds of TORM:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 18, 2025	1400570	Post IPO	6394671	4515663	9274914	5257542
Jan 26, 2018	9384637	Post IPO	6301312	3032819	7340787	6544990
Jun 28, 2011	8125261	Conventional Debt	2649950	4799962	1260359	Danske Bank & 3 more

Access funding benchmarks and valuations. Sign up today!

View details of TORM's funding rounds and investors

TORM's employee count trend

TORM has 2,269 employees as of Jul 26. Here is TORM's employee count trend over the years:

Uncover TORM's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of TORM include ZIM, Hyundai Merchant Marine and Qube. Here is the list of Top 10 competitors of TORM, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	ZIM 1945, Haifa (Israel), Acquired	Provider of maritime shipping services	$200M	Initiative Equity Partners, Israel Corp	68/100
2nd	Hyundai Merchant Marine 1976, Seoul (South Korea), Acquired	An integrated logistics company	-	Korean Development Bank, KOBC	61/100
3rd	Qube 2004, Sydney (Australia), Acquired	Integrated port services	-	AMCIL, The Carlyle Group & 1 others	61/100
4th	Great Eastern Ship 1948, Mumbai (India), Public	Provider of shipping and offshore oilfield exploration support services	-	Nalanda Capital	58/100
5th	Hapag-Lloyd 1997, Hamburg (Germany), Public	Transportation and logistics company based in Germany	-	Public Investment Fund, United States Department of Agriculture ... & 1 others	57/100
6th	Viking Line 1959, Mariehamn (Aland Islands), Funding Raised	Provider of ocean freight forwarding services	-	Europa	57/100
7th	Balmer Lawrie & Co. 1867, Kolkata (India), Public	Diversified conglomerate firm operating across multiple sectors	-	Baring Private Equity Partners	55/100
8th	PT PELNI 1952, Jakarta (Indonesia), Unfunded	Operator of passenger and cargo transport services via sea routes	-	-	55/100
9th	TORM 2002, Copenhagen (Denmark), Public	Shipping company	-	SEB, BNP Paribas & 3 others	55/100
10th	Shipping Corporation of India 1961, Mumbai (India), Public	Operator of tankers bulk carriers container and offshore maritime vessels	-	-	54/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on TORM's competitors? Click here to see the top ones

TORM has acquired 3 companies including ME Production, OMC Outdoor and OMI Corp. TORM has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 16, 2022	Acquisition	ME Production	1945	Frederikshavn (Denmark)
Apr 17, 2007	Acquisition	OMC Outdoor	1992	Springfield (United States)
Apr 17, 2007	Acquisition	OMI Corp	1968	Stamford (United States)