HM Electro Mech is fundamentally a project builder for India’s public infrastructure - it takes a water-pumping or electrification job from contract to commissioning, handling everything in between. The company was born in 2018 in Gujarat around pumping machinery for government water schemes, and has since expanded that same turnkey approach into railway electrification, temple-town power systems, and a 32.4 MW solar plant. The recurring pattern is simple: win a government tender, execute the whole project with in-house teams and established equipment partners, and then lock in a long-term maintenance contract that keeps the relationship alive for years. # Business segments Three engines built on one EPC model - a water-infrastructure core that carries the company, an electrification practice that extends the same skills into public buildings and railways, and a solar-energy entry that bets the model on renewables. ## 1. Turnkey water infrastructure: the company’s foundation **The company designs, builds and commissions entire water-supply and wastewater systems - from the pump inside the station to the pipeline crossing the countryside - and then stays on to run them.** - **Pumps are the anchor, but projects are the business** - it started with supplying and installing pumping machinery for water and wastewater, and has grown into full field projects that add civil work for pump houses, diesel generator sets, control panels, instrumentation, and PLC-SCADA (the computer system that monitors and controls the plant). - **Cross-country reach** - its EPC field work now includes laying pipelines across long distances and constructing water treatment plants as part of larger water-supply schemes, moving well beyond the pump station itself. - **Unlimited licence to bid** - the company holds a Class ‘AA’ rating with the Gujarat Irrigation Department, the highest category, which means there is no upper limit on the value of government water-infrastructure tenders it can pursue, subject to individual tender conditions. - **Built with global pump technology** - it is an authorised sales and service provider for Wilo and Mather+Platt, two international pump manufacturers, so it can source proven equipment directly and offer branded after-sales service as part of its maintenance commitments. - **Joint ventures for the biggest jobs** - for large projects, it forms joint ventures where it acts as the lead partner with a controlling stake; one disclosed example is a 69%-owned venture with V.L.Infraprojects Limited for building underground concrete sumps, pump houses, and installing pumping machinery, followed by a 10-year comprehensive operation and maintenance contract. ## 2. Electrification and institutional projects: the same model, a different current **The company applies its turnkey EPC approach to electrical infrastructure for railways, banks, municipal bodies and religious institutions - public-sector clients with repeat-project needs.** - **From pumps to power lines** - it has diversified into electrification works for Indian Railways, nationalised banks, and municipal corporations, taking the same end-to-end project execution model it developed in water and applying it to electrical systems. - **A temple-town foothold** - it secured an electrification project from the Nathdwara Temple Board in Rajasthan, a prestigious institutional client that demonstrates the company’s ability to win work beyond its home state of Gujarat and beyond standard government departments. - **Government buildings and transport networks** - the work spans electrical infrastructure for public buildings and transport systems, which are domains where contracts tend to be awarded to established, licensed contractors with a track record, reinforcing the company’s competitive position. ## 3. Solar EPC: the renewables bet **The company has entered solar-energy project construction on a turnkey basis, starting with a single 32.4 MW plant - a direct extension of its project-management and commissioning skills into a sector with growing government backing.** - **First solar win** - it has secured a 32.4 MW Solar PV project on a turnkey EPC basis in Maharashtra from Twinsag Enterprise of Ahmedabad, marking its first move into building renewable-energy generation assets. - **Same playbook, new panels** - the solar EPC work leverages the company’s existing expertise in managing complex field projects, coordinating equipment supply, and commissioning systems, all of which it honed in water and electrification projects. # Group structure and partners **A tightly held, founder-led company with no subsidiaries, a controlling hand in its project joint ventures, and equipment partnerships that supply the technology its EPC model depends on.** - **Four promoters, three-quarters control** - the promoter group consists of four individuals - Dipakbhai P Pandya, Mahendrabhai R Patel, Mitaben D Pandya, and Varshaben M Patel - who together held 72.66% of the company as of March 2025, with each holding a roughly equal stake of between 17.63% and 18.69%. - **No subsidiary maze** - the company has no subsidiary, associate company, or consolidated joint venture on its books; it executes projects through unincorporated joint ventures where it holds a controlling stake, such as the 69%-owned venture with V.L. Infraprojects. - **Equipment partnerships as a moat** - its status as an authorised sales and service provider for Wilo and Mather+Platt gives it a direct line to internationally recognised pumping technology and the ability to offer branded maintenance, which matters when bidding for government contracts that specify equipment standards. - **Listed, with room to manufacture** - the company listed on the BSE SME platform in January 2025, and in March 2026 amended its constitutional documents to permit entry into manufacturing, assembling, and fabrication of engineering and electronic goods across industries as diverse as defence, aviation, mining, oil drilling, and power plants, signalling an ambition to eventually build things, not just build projects.