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VIKRAN Engineering Secures Significant Investment

VIKRAN Engineering and Exim Private Limited, a prominent EPC company based in Thane, Maharashtra, has successfully closed a pre-IPO equity placement round, attracting over INR 100 crore in investment from renowned investors.

• The round saw participation from notable figures including Mukul Agarwal, Negen Undiscovered Fund, leading Indian family offices, and high-net-worth individuals (HNIs).
• Pantomath Capital Advisors Private Limited served as the exclusive investment banker and financial advisor for this transaction.

Recent Investment Builds on Existing Momentum

This recent investment further strengthens the company's financial standing, building upon the momentum generated earlier in January 2024 when India Inflection Opportunity Fund and Ashish Kacholia invested INR 85 crore, acquiring approximately an 11% stake in VIKRAN Engineering.

VIKRAN Engineering: A Leader in the Power Sector

Founded in 2015 by Rakesh Markhedkar, VIKRAN Engineering has established itself as a leader in value-added projects within the power sector, particularly in transmission lines, substations, electrification, water infrastructure, and railway infrastructure.

• The company boasts a robust presence across 22 states in India, including key markets like Uttar Pradesh, Andhra Pradesh, and Madhya Pradesh.
• VIKRAN Engineering's strong financial performance, coupled with its professional management, well-integrated supply chain, and team of 850 professionals (including an in-house design and engineering team), positions it as a unique and competitive player in the EPC sector.

Utilizing Investment for Future Growth

Rakesh Markhedkar, MD of VIKRAN Engineering, expressed his optimism, stating that "This investment will empower us to turn ambitious ideas into reality, driving us closer to our goal of transforming the industry and creating lasting value for our stakeholders."

Financial Performance Highlights

VIKRAN Engineering's strong financial performance is evident in its FY24 revenue of approximately INR 786 crore, exhibiting a CAGR of 33% from FY21 to FY24. The company boasts impressive EBITDA margins of 17% and PAT margins of 9.5%, further highlighting its strong financial position.

• This significant investment is expected to fuel VIKRAN Engineering's continued growth and expansion in the power sector, particularly in areas such as transmission lines, substations, electrification, water infrastructure, and railway infrastructure.

VIKRAN Engineering's Expertise

VIKRAN Engineering's expertise extends to various areas within the power sector, including:

• Transmission Lines: VIKRAN Engineering has a proven track record in constructing and maintaining high-voltage transmission lines, ensuring reliable power distribution.
• Substations: The company specializes in designing and constructing substations that play a crucial role in transforming and regulating power flow.
• Electrification: VIKRAN Engineering contributes to the electrification of various infrastructure projects, including urban areas and rural communities.
• Water Infrastructure: The company's expertise extends to water infrastructure projects, ensuring the reliable distribution of clean water.
• Railway Infrastructure: VIKRAN Engineering plays a vital role in the electrification and modernization of railway infrastructure, enhancing transportation efficiency.

Strategic Investment for Growth

The investment received by VIKRAN Engineering signifies a strategic move by investors to capitalize on the growth potential of the power sector, especially in the areas of transmission lines, substations, and electrification. This investment will further enhance VIKRAN Engineering's capabilities to undertake large-scale projects and contribute to the development of the power infrastructure in India.