- **EPACK Prefab Technologies is a factory that builds factories - and warehouses, data centres, and solar plants - by manufacturing entire steel buildings in pieces and then assembling them on-site in a fraction of the time of traditional construction. Born in 1999 as a polymer packaging company, it has spent over 25 years pivoting into and scaling a full-service prefabricated construction platform that handles everything from design and engineering to installation. The recurring approach is to target sectors where speed is non-negotiable and labour is scarce, then lock in customers with design expertise and a growing network of strategically placed plants - a formula that has produced a four-year revenue compound annual growth rate of 36.1% for the overall business.** # Business segments Three engines at different stages - a high-growth prefab construction core, a legacy packaging business that is steadily shrinking in relevance, and a small but related building-products line - all anchored by the company’s manufacturing and design backbone. ## 1. Prefab Division: the engine of the company **A turnkey factory-and-warehouse builder that turns steel coils into fully erected industrial buildings, earning revenue on every step from design to installation.** - **Sells whole buildings, not just parts** - the division provides the full project lifecycle: technical consultation, design and engineering, manufacturing, transport, and on-site erection, which means it captures value across the entire chain rather than just supplying steel frames. - **Order book gives six-to-eight-month visibility** - the business runs on a project basis with an order book of over INR 1,100 crores pending as of March 2026, so future revenue is largely contracted before a beam is fabricated. - **Speed is the product** - the company once erected a 150,000-square-foot factory in just 150 hours, earning a world record, because its modular, pre-engineered approach eliminates the curing time and on-site labour that slow down conventional reinforced-concrete construction. - **Design is the differentiator, not steel** - it buys steel from the same vendors as competitors, but its three design labs with around 150 people optimise buildings to be lighter while meeting customer requirements, which is how it competes on service rather than commodity price. - **Chasing the non-negotiable sectors** - over a third of the order book now comes from renewables, data centres, logistics, and semiconductors, where construction delays directly cost revenue, so customers are forced to adopt prefab and are less price-sensitive. ## 2. Total Segment: the legacy packaging cash flow **A maker of expanded polystyrene (EPS) foam packaging - the white protective moulded material inside appliance boxes - that now contributes roughly half of group revenue but is shrinking as the prefab business accelerates.** - **One customer dominates** - LG Electronics accounts for 50% to 60% of the division’s revenue, and most other customers are consumer-durable companies, so the business is tied to the production schedules of a handful of large appliance makers. - **A modest position in a slow-growth market** - the company holds an 8% share of India’s EPS packaging market, which is projected to grow at roughly 5.5% to 6.5% annually, making this a steady but unspectacular contributor. - **EPS segment revenue has been declining** - from over INR 3,000 million in FY22 to roughly INR 1,430 million in FY26, the segment has contracted as the company’s strategic focus and capital have shifted decisively toward prefab. ## 3. EPS Division: a small building-materials offshoot **A niche line making EPS sheets and blocks for construction insulation, distinct from the packaging business but sharing the same raw-material backbone.** - **Insulation for buildings, not boxes for appliances** - this division produces expanded polystyrene sheets and blocks used in construction, alongside moulded products for consumer goods and packaging, separating it from the packaging-focused Total Segment. - **Small scale within the group** - with roughly 5% of the revenue mix, it is a minor contributor that benefits from the company’s broader EPS procurement and manufacturing infrastructure without demanding its own dedicated strategic focus. # Group structure and partners **A publicly listed company with a promoter group that spans multiple industries, using non-binding government MOUs to lay the groundwork for its next wave of factory expansion.** - The company is listed on the NSE and BSE under the symbol EPACKPEB, having converted from a private limited entity, and is headquartered in Noida with its registered office in Greater Noida. - The promoters also have interests in consumer durables, electronic manufacturing services, and thermocol packaging through other group entities, giving the company informal ties to industries that are also its customers. - It has signed non-binding MOUs with the Andhra Pradesh Economic Development Board (INR 333 crores proposed investment) and with MASCOT South Asia LLP for a three-phase Gujarat expansion (Phase 1 at INR 110 crores including land), signalling its intent to build capacity ahead of demand in new geographies.