About Afcons
Afcons is a company based in Mumbai (India) founded in 1959.. The company has 33,190 employees as of March 31, 2024. Afcons offers products and services including EPC Services, Bridge Construction, and Tunnel Construction. Afcons operates in a competitive market with competitors including Budimex, L.B. Foster, KNRCL, Legrand and Hercules Site Services, among others.
- Headquarter Mumbai, India
- Employees 33190 as on 31 Mar, 2024
- Stage Public
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Afcons Infrastructure Limited
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Annual Revenue
$1.47 B (USD)-5.42as on Mar 31, 2024
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Net Profit
$56.89 M (USD)8.24as on Mar 31, 2024
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EBITDA
$187.15 M (USD)14.6as on Mar 31, 2024
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Latest Funding Round
$342.31 M (USD), Debt – Conventional
Sep 01, 2020
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Investors
State Bank of India
& 2 more
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Employee Count
33190
as on Mar 31, 2024
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IPO & Listings of Afcons
Afcons is a publicly listed company on the NSE with ticker symbol AFCONS in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Afcons
Afcons offers a comprehensive portfolio of products and services, including EPC Services, Bridge Construction, and Tunnel Construction. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Engineering, procurement, and construction for infrastructure projects worldwide
Building complex bridges like the Chenab Railway Bridge
Developing tunnels for metro and highway systems
Funding Insights of Afcons
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $342.3M
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First Round
First Round
(01 Sep 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Debt – Conventional - Afcons | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Afcons
Afcons has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include State Bank of India, Bank of Baroda and Indian Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking and financial services are provided to diverse clients.
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Founded Year | Domain | Location | |
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Commercial banking services are offered across India since 1908.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Afcons
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Afcons
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Afcons Comparisons
Competitors of Afcons
Afcons operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Budimex, L.B. Foster, KNRCL, Legrand and Hercules Site Services, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Infrastructure such as roadways, railways, and energy plants is developed.
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| domain | founded_year | HQ Location |
Manufacturer & fabricator of products and services for the rail, construction, energy and utility markets
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| domain | founded_year | HQ Location |
Real estate project development services are provided in India.
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| domain | founded_year | HQ Location |
Electrical and digital solutions for building infrastructures are provided.
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| domain | founded_year | HQ Location |
Infrastructure development services are provided across various sites.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Afcons
Frequently Asked Questions about Afcons
When was Afcons founded?
Afcons was founded in 1959 and raised its 1st funding round 61 years after it was founded.
Where is Afcons located?
Afcons is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does Afcons have?
As of Mar 31, 2024, the latest employee count at Afcons is 33,190.
What is the annual revenue of Afcons?
Annual revenue of Afcons is $1.47B as on Mar 31, 2024.
What does Afcons do?
Afcons was established in 1959 in Mumbai, India, as a developer in the infrastructure sector. Oil and gas projects, underground constructions, and urban developments are handled by the company. Operations span various engineering services, with a focus on large-scale projects across India and select international locations. Leadership is provided by Managing Director Paramasivan Srinivasan, overseeing domain activities at afcons.com.
What products or services does Afcons offer?
Afcons offers EPC Services, Bridge Construction, and Tunnel Construction.
Is Afcons publicly traded?
Yes, Afcons is publicly traded on NSE under the ticker symbol AFCONS.
Who are Afcons's investors?
Afcons has 3 investors. Key investors include State Bank of India, Bank of Baroda, and Indian Bank.
What is Afcons's ticker symbol?
The ticker symbol of Afcons is AFCONS on NSE.
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