### **Overview** Mold-Tek Technologies Limited (MTTL) is a leading Indian engineering services provider specializing in **Civil & Structural Engineering** and **Mechanical Engineering Services (MES)**. The company serves global clients across North America, Europe, and Asia, with a strong focus on pre-engineered steel buildings (PEBs), structural detailing, Building Information Modeling (BIM), and automotive Body-in-White (BIW) design. With over 1,000 employees and five delivery centers in India, Mold-Tek leverages a hybrid onshore-offshore model to deliver high-quality, cost-efficient, and technology-enabled engineering solutions. --- ### **Strategic Milestone: Acquisition of Beryl Project Engineering LLC (November 2025)** In November 2025, Mold-Tek Technologies made a transformative strategic move by acquiring **Beryl Project Engineering LLC**, a Florida-based civil engineering firm with 13 years of operational experience. This acquisition marks a pivotal step in Mold-Tek’s global expansion and diversification strategy. #### **Key Highlights of the Acquisition** - **Acquisition Terms**: 100% acquisition for **$2.7 million**, plus **$0.4 million** in working capital adjustments. Acquired at an attractive valuation of **0.5x FY2024 revenue** and **7x EBITDA**. - **New U.S. Subsidiary Structure**: Beryl operates under **Beryl Engineering Inc.**, a newly incorporated Florida entity and step-down subsidiary of Mold-Tek. - **Founder Investment**: Mr. **Richard Leon Cannyn**, founder and licensed Professional Engineer (PE), will invest **$500,000** (approx. INR 5 crores) into Mold-Tek’s equity, signaling strong confidence in the combined entity’s future. --- ### **Beryl’s Business Profile** - **Revenue (FY2024)**: ~**$5.6 million** - **Team**: 40 U.S.-based professionals, including: - 4 Licensed Professional Engineers (PEs) - 12 Certified Inspectors - 7 Wind Certified Appraisers - **Core Services**: Structural engineering, permit certification, property inspections, reserve studies, and automated plan review systems. - **Client Base**: Contractors, homeowners, attorneys, public entities in Florida’s residential, commercial, and regulatory sectors. - **Market Position**: Known for **automation-led workflows**, reducing approval cycles through proprietary digital tools. --- ### **Strategic Rationale & Growth Drivers** #### 1. **Entry into U.S. Residential & Regulatory Engineering** - Mold-Tek transitions from primarily industrial and commercial structural detailing into the **U.S. residential engineering market**—a new and high-growth segment. - Beryl operates in only **2 of over 3,000 U.S. counties**, presenting massive **geographic expansion potential**, especially into the Southeast U.S., led from the Atlanta hub. #### 2. **Revenue & Margin Expansion** - **Projected Contribution**: Beryl expected to contribute **$7 million in annualized revenue** during FY2026–2027, increasing Mold-Tek’s **consolidated revenues by 30–40%**. - **EBITDA Improvement**: Margins to rise from **7–8% to 15–20%** by leveraging **offshore design teams in Hyderabad**, optimizing costs on repetitive design and drafting work (25–30% of workload to be offshored). #### 3. **Technology & Digital Integration** - **AI & Automation**: Integration of Beryl’s **AI-powered plan review and permit processing tools** with Mold-Tek’s workflows is expected to reduce turnaround times by **20–25%**. - **BIM & Reserve Studies**: Mold-Tek will offer **BIM and structural design** services to Beryl’s clients, while Beryl’s inspection and certification services will extend to Mold-Tek’s international projects. #### 4. **Hybrid Onshore-Offshore Delivery Model** - Combines Beryl’s **on-the-ground U.S. credibility and PE stamping rights** with Mold-Tek’s **scalable, low-cost Indian design teams**. - Enhances competitiveness through **cost arbitrage**—offering services at $60–80/hour vs. U.S. market rates of $100–200/hour. #### 5. **Cross-Selling & Diversification** - Mold-Tek to **cross-sell BIM, structural engineering, and detailing services** to Beryl’s established U.S. client base. - Expansion into **transmission lines, data centers, EV plants, and high-end conductor design** supported by dedicated teams and U.S. market presence. --- ### **Operational & Market Developments (Recent Quarters)** #### **Civil & Structural Division** - **Order Book (May 2025)**: ~$3.3 million, up from $2.42 million in Dec 2024. - **Q1 FY2025–26 Wins**: Major contracts for a **17,000-tonne casino**, **6,300-tonne stadium**, and **22,000-tonne aircraft manufacturing facility**. - **PEMB & Precast Momentum**: Regaining traction with former clients re-engaging; participated in **Precast Show 2025**, expanding precast detailing capabilities. #### **Mechanical Engineering Services (MES)** - **Diversification Strategy**: Reducing dependence on EV sector; expanding into **Special Purpose Machinery (SPM)**, **plant engineering**, and **hybrid vehicle systems**. - **Work-in-Hand**: Grew from $150,000 to **$600,000**, with projected revenue of **$3.5–4 million** for FY2025–26. - **New Tools**: Internal development of **TEK Assist** and **API automation** tools has reduced employee costs by **29.33% QoQ**. --- ### **Strategic Partnerships** - **Interarch Building Solutions**: Entered MoU for exporting **pre-engineered steel buildings (PEBs)** to the U.S. Mold-Tek handles **design, detailing, stamping, and project management**, earning service fees + **up to 5% commission** on project value. Project values range from **$500,000 to $3 million**. - **Affordable Robotic & Automation (ARAPL)**: Partnership to deliver **end-to-end robotics and automation solutions** in the U.S. and Europe, with Mold-Tek responsible for **design, simulation, and marketing**. --- ### **Global Delivery Model & Competitive Edge** - **U.S. Presence**: Direct operations via **Mold-Tek Technologies Inc. (USA)** and **Atlanta office**, essential for client trust and on-site coordination. - **Credibility**: Over a decade of experience in U.S. standards; engineers are AISC/NISD-certified; holds **PE credentials in nearly all U.S. states**. - **No Direct Competitors**: Operates in a niche—offshore high-end structural design and engineering with Indian scalability—unlike IT services firms. --- ### **Financial Position & M&A Strategy** - **Strong Balance Sheet**: Over **₹42 crore in cash reserves** (fixed-income instruments), **zero debt**. - **Acquisition Strategy**: Actively pursuing strategic acquisitions in **structural, architectural, and mechanical engineering** in the U.S. to accelerate growth, reduce time-to-market, and build credibility. - **Target Profile**: U.S. firms with $3–5M revenue, EBITDA margins >30%, and promoters willing to stay 4–5 years.