Konstelec Engineers is an electrical contractor that grew up inside India’s industrial backbone - it wires, automates and maintains the plants that make steel, refine oil and generate power. Founded in 1995 as a design shop by an electrical engineer, it spent three decades evolving into a turnkey EPC (Engineering, Procurement and Construction) firm that now takes a project from blank sheet to live switch, and then stays on to keep it running. The recurring idea is full-lifecycle ownership: the company designs the system, buys the gear, builds it, commissions it and maintains it - all in-house, for the same blue-chip clients, project after project. # Business segments A single integrated EPC engine - electrical, instrumentation and automation, and operations and maintenance - delivered as one lifecycle promise to industrial clients across more than a dozen sectors. ## 1. Electrical EPC: wiring the heavy-industrial economy **The company builds and commissions the electrical backbone of refineries, steel plants and power stations - a project-by-project business where most of the cash arrives only when the lights come on.** - **One contract, five stages** - every project runs through a 360-degree cycle: engineering and design first, then procurement of materials, then construction and commissioning, then ongoing operations and maintenance, and project management throughout if the client wants it. - **Asset-light, people-heavy** - it owns no factories and little fixed plant, instead deploying over 900 people - including more than 120 engineers and 250 skilled technicians - across project sites, which lets it scale up without tying up capital in machinery. - **Direct to the end customer** - the company prefers to work straight for the plant owner rather than as a subcontractor, winning work through government tenders and direct client awards, and it is empanelled with engineering consultants like Jacobs and Aker Solutions who specify its scope on larger programmes. - **Safety as a credential** - it has won safety awards from Reliance Industries and NALCO, and operates under ISO 9001:2015 quality and HSE (Health, Safety, Environment) controls - a practical necessity on the hazardous sites where it works. ## 2. Instrumentation and automation: the control layer on top of the power **The same teams that lay the cable also wire up the sensors and program the control systems - this is not a separate business, but a capability that makes the electrical contract stickier.** - **Brains of the plant** - the scope covers PLC and SCADA systems (the programmable controllers and supervisory software that run industrial processes), process automation, and custom control panels designed and integrated in-house. - **Identical logic across industries** - whether the site is a refinery, a steel mill or a pharmaceutical plant, the core instrumentation and automation work is fundamentally the same, with only minor technology changes between sectors. - **Embedded in the same project cycle** - instrumentation engineering, installation and loop-checking happen alongside the electrical work during construction and commissioning, delivered by the same project management framework rather than a separate unit. ## 3. Operations and maintenance: the recurring tail after the project **Once a plant is commissioned, the company offers to stay on and keep it running - turning a one-time construction contract into an annuity-like income stream.** - **From breakdown to prevention** - the O&M (operations and maintenance) scope spans routine upkeep, preventive maintenance, rapid-response breakdown support, and continuous system monitoring to minimise downtime. - **Client glue** - maintenance contracts keep the company on site and in the client’s organisation long after construction ends, which feeds repeat orders and deepens relationships with the blue-chip customers that dominate the order book. # Group structure and partners **A single listed entity with no operating subsidiaries, using joint ventures to reach into Saudi Arabia and India’s nuclear programme without putting the balance sheet at risk.** - **Standalone company** - Konstelec Engineers Limited has no subsidiary companies; it operates as one integrated entity from its Mumbai headquarters, with a board led by three executive directors from the founding Shah family and three independent directors, and holds investments in one Associate Company and one Foreign Joint Venture Company. - **Saudi joint venture** - in February 2025 the company formed a 50:50 joint venture in Saudi Arabia, Precision Innovation Co. Ltd, with a local partner whose strengths lie in substation, automation and instrumentation - a vehicle to bid for EPC work in the Saudi market. - **Nuclear partnership with HCC** - in July 2026 it signed a joint venture agreement with Hindustan Construction Company Limited to bid for nuclear infrastructure projects, combining HCC’s civil construction scale with Konstelec’s electrical and instrumentation expertise; Konstelec holds a 26 percent participation share. - **Dormant associate struck off** - a previously held 47 percent stake in Konstelec Hitech Engineers Private Limited, an entity with nil revenue, was dissolved in May 2026 after the Registrar of Companies approved its strike-off.