About Patel Engineering
Patel Engineering is a company based in Mumbai (India) founded in 1949 was acquired by Eight Capital Management in October 2017.. The company has 13,360 employees as of March 31, 2024. Patel Engineering operates in a competitive market with competitors including Vingroup, Lendlease, Lodha Group, Vanke and Frasers Property, among others.
- Headquarter Mumbai, India
- Employees 13360 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 Patel Engineering Limited
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Annual Revenue
$594.98 M (USD)12.09as on Mar 31, 2024
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Net Profit
$28.27 M (USD)-10.26as on Mar 31, 2024
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EBITDA
$59.35 M (USD)-24.41as on Mar 31, 2024
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Latest Funding Round
- Investors
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Employee Count
13360
as on Mar 31, 2024
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Acquired by
Eight Capital Management
(Oct 10, 2017)
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IPO & Listings of Patel Engineering
Patel Engineering is a publicly listed company on the NSE with ticker symbol PATELENG 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.
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Funding Insights of Patel Engineering
| 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 Patel Engineering
Patel Engineering has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Eight Capital Management. 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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Venture capital investments in tech startups, leveraging financial expertise for innovation.
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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 Patel Engineering
| 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 - Patel Engineering
| 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 |
Patel Engineering Comparisons
Competitors of Patel Engineering
Patel Engineering 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 Vingroup, Lendlease, Lodha Group, Vanke and Frasers Property, 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 |
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| domain | founded_year | HQ Location |
Real estate development and management services are offered by Vingroup.
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| domain | founded_year | HQ Location |
Sustainable project development and maintenance services are provided worldwide.
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| domain | founded_year | HQ Location |
Developer of residential and commercial real estate properties
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| domain | founded_year | HQ Location |
Real estate properties are developed in over 50 cities.
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| domain | founded_year | HQ Location |
Residential and commercial properties are developed and managed across regions.
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| domain | founded_year | HQ Location |
Eiffage is engaged in construction, energy, and infrastructure concessions.
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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 Patel Engineering
Frequently Asked Questions about Patel Engineering
When was Patel Engineering founded?
Patel Engineering was founded in 1949.
Where is Patel Engineering located?
Patel Engineering is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does Patel Engineering have?
As of Mar 31, 2024, the latest employee count at Patel Engineering is 13,360.
What is the annual revenue of Patel Engineering?
Annual revenue of Patel Engineering is $594.98M as on Mar 31, 2024.
What does Patel Engineering do?
Patel Engineering was founded in 1949 and is headquartered in Mumbai, India. Operations in the infrastructure and construction sectors are conducted, encompassing dams, tunnels, micro-tunnels, powerhouses, irrigation projects, highways, roads, and refineries. Asset ownership is undertaken, with specialization in hydro-electric projects, transportation initiatives, water treatment facilities, and real estate developments.
Who are the top competitors of Patel Engineering?
Patel Engineering's top competitors include Godrej Properties, Vingroup and DLF India.
Is Patel Engineering publicly traded?
Yes, Patel Engineering is publicly traded on NSE under the ticker symbol PATELENG.
Who are Patel Engineering's investors?
Patel Engineering has 1 investor. Key investors include Eight Capital Management.
What is Patel Engineering's ticker symbol?
The ticker symbol of Patel Engineering is PATELENG on NSE.
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