BUSINESS BRIEF
The company is a 40+ year old Mechanical & Electrical Engineering Construction business and promoted by first-generation technocrats.
Key Highlights:
- It specializes in turnkey industrial project execution serving the Power, Steel, Cement, and Petrochemical sectors.
- It has a proven track record of timely project completion, an experienced team of ~500 site personnel, and long-standing relationships with marquee clients.
- It is ISO certified, entirely debt-free, and equity-funded by its two promoter families.
- Transition Support: Promoters are willing to continue working with the acquirer for a 6-month transition period to ensure smooth handover of client relationships, ongoing projects, and team management.
Team
- ~500 site personnel across active projects
- Leadership team with cumulative experience of 200+ years across sectors
- Key management roles filled by professionals with 20–40 years of individual experience
- Strong second line of management developed through internal grooming
Current Order Book & Pipeline
- Unexecuted orders worth ~₹25 Cr executable over next 12 months
- Active clients include JSW Steel, Jindal Stainless, Welspun Corporation, and BALCO
- Additional contracts worth ~₹10 Cr under active discussion
Business Divisions
No separate formal divisions. However, the company operates across two broad functional areas:
- Mechanical Engineering (piping, structural fabrication, erection of static/rotating equipment, industrial relocation, heavy lifts)
- Electrical Engineering (transformer installation, panel/motor installation, cable laying, control systems, NDT testing).
Both divisions function under unified project management and are deployed together on turnkey assignments.
Products & Services
- Turnkey machinery installation & commissioning
- Industrial plant relocation (domestic and international)
- Site fabrication and erection of structures
- Industrial piping (low & high pressure — MS, SS, alloy steel)
- Electrical installations (transformers, panels, motors, cabling)
- Control system installation & modification (electrical & mechanical)
- Contract maintenance shutdown services
- Heavy lift planning for machine parts and project cargo
- Non-Destructive Testing (Radiography, Ultrasonic, Magnetic particle, Hardness testing)
- Overhauling of electrical and mechanical machinery
Additional Information
Asset Base
- Real estate assets valued at ₹15 Cr (self-owned office and industrial warehouse plot in Navi Mumbai)
- Liquid assets — mutual funds, fixed deposits, and bonds worth ~₹18–20 Cr
- Tools and equipment of international standards for heavy lifting and industrial execution
Proposal
Industry
Infrastructure/Construction
Sub Industry
Engineering and Design Services (Engineering Procurement and Construction (EPC)), Construction and Building Services (Civil Construction), Power and Utilities (Power generation and transmission), Erection, testing, and commissioning (ETC) & Equipment Rental (Crane, Lifting & Heavy Machinery)
Nature of Business
B2B
Sector
Services
Reason for sell-off
Retirement or Personal Reasons
Location
India
Region
Western
Open For Dilution
100 % (Complete Buyout)
Top Customer
Deal Size
INR 40 - 45 Cr
Justification
The asking price of ₹40–45 Cr is justified on the following grounds: 1. Strong Asset Base (₹33–35 Cr) The company holds self-owned real estate assets valued at ₹15 Cr and liquid assets (mutual funds, fixed deposits, and bonds) worth ₹18–20 Cr — together forming a hard asset base of ₹33–35 Cr, which alone supports a significant portion of the asking price. 2. Healthy Order Book Current unexecuted orders stand at ~₹25 Cr executable over 12 months, with an additional ~₹10 Cr worth of contracts under active discussion — providing strong near-term revenue visibility to the acquirer. 3. Marquee Client Relationships The company has long-standing relationships with blue-chip clients including JSW Steel, Tata Group, Siemens, Bharat Forge, Hindalco, Welspun, Hyundai Heavy Industries, and SAIL — relationships that have been built over 40+ years and carry significant goodwill value. 4. Peak Earnings Potential The company has demonstrated a peak turnover of ₹30.39 Cr and peak EBITDA of ₹7.71 Cr (FY 2012-13), establishing its ability to generate strong earnings. The recent dip in FY25 profitability is attributable to the passing of one of the founders and resulting selective order intake.
Business Operation Information
Financial Information |
2025 (in INR Cr) | 2024 (in INR Cr) | 2023 (in INR Cr) |
|---|---|---|---|
Sales |
15.14 | 12.33 | 22.17 |
EBITDA |
|||
PAT |
