About Pipetech
Pipetech is an Energy & Utilities company based in Mumbai (India) founded in 2013 by Sumedh H Bhawar and Hiraman K Bhawar. Engineering design solutions for process and industrial projects are provided. It operates in the Energy & Utilities and Real Estate & Construction sectors. The company has 35 employees. Its chief executive, as recorded, is Sumedh H Bhawar. Its Indian entity Pipetech Engineering Solution Private Limited reported revenue of ₹4.99 Cr. The company has since been acquired. Its focus areas include Real Estate and Construction, Construction Management Services, Consulting and Design.
Company details
Pipetech was founded in 2013 in Mumbai, India, as a provider of engineering design services for process and industrial sectors. Services encompass process design, civil design, mechanical equipment design, piping design, and EI design. International codes and standards are followed to accommodate client needs, with internal standards aligned to ISO 9001:2015 certification. Projects are handled by a team of experienced engineers and designers, supported by technical consulting from industry experts.
- Headquarters Mumbai, India
- Employees 35
- Founders Sumedh H Bhawar, Hiraman K Bhawar
- Stage Acquired
- SectorsEnergy & UtilitiesReal Estate & Construction
- Email••••••••
- Phone•••• ••••
- Website pipetech.in
- Social LinkedIn
- Legal Name Pipetech Engineering Solution Private Limited
- Date of Incorporation 29 May, 2013
- Jurisdiction Ambarnath, Maharashtra, India
- Annual Revenue₹4.99 Cr
FY 2023 · -6% YoY
- Net Loss-₹4.61 Cr
FY 2023 · -92% margin
- EBITDA-₹3.71 Cr
FY 2023 · -74% margin
- Employee Count35
Associated legal entities of Pipetech
Pipetech operates through Pipetech Engineering Solution Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pipetech Engineering Solution Private Limited CIN U74120MH2013PTC243752 | Active | 29 May 2013 | Ambarnath, Maharashtra | ₹5.0 Cr | 35 | 2 | View details |
Board of directors of Pipetech Engineering Solution Private Limited (Pipetech)
Pipetech Engineering Solution Private Limited is the primary company behind Pipetech. The board of Pipetech Engineering Solution Private Limited currently have 2 directors; the longest-serving is Hiraman Kondiba Bhawar, appointed in 2013. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hiraman Kondiba Bhawar DIN 06568140 | Director | 29 May 2013 | 13 yrs 5 mo | Pipetech Engineering Solution Private Limited |
| Shaila Sunil Agale DIN 09075502 | Director | 23 Feb 2021 | 5 yrs 8 mo | Pipetech Engineering Solution Private Limited |
People of Pipetech
2 people are tracked at Pipetech (2 in leadership); the tracked headcount is 35.
| Name | Role | Group |
|---|---|---|
Sumedh H Bhawar | Co-Founder & CEO | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Pipetech
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- Full employee list
- Team structure
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Financials of Pipetech
Figures of Pipetech Engineering Solution Private Limited, the primary company behind Pipetech, for FY 2023. Revenue was ₹4.99 Cr (-6% year on year). Net loss was -₹4.61 Cr (-92% margin). EBITDA was -₹3.71 Cr (-74% margin). Revenue has grown at a compounded annual rate of -20% over three years and -2% over five years.
- ₹4.99 CrRevenue · FY 2023 · -6% YoY
- -₹4.61 CrNet loss · -92% margin
- -₹3.71 CrEBITDA · -74% margin
- ₹1 LakhPaid-up capital
- 35Employees (provident fund records)
- -20%Revenue CAGR, 3 years
- -2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pipetech Engineering Solution Private Limited are on its company page.
Detailed financial statements for Pipetech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Top companies in Energy Efficiency & Conservation
2 companies that operate in the same segment as Pipetech (Energy Efficiency & Conservation) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Energy conservation and automation solutions are provided for industrial processes. | 1926 | Pune, Maharashtra, India | USD 173.08 M | 1,929 | ||
Multi-category consumer electronics products are provided by Syska. | 2012 | Pune, Maharashtra, India | USD 62 M | USD 148.76 M | 3 |
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Frequently Asked Questions about Pipetech
Pipetech was founded in 2013.
Pipetech is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sumedh H Bhawar is the CEO of Pipetech, as recorded in our data. They have also founded this company.
Pipetech has 35 employees.
The primary company behind Pipetech, Pipetech Engineering Solution Private Limited, reported revenue of ₹4.99 Cr for FY 2023, down 6% year on year.
Pipetech was founded in 2013 in Mumbai, India, as a provider of engineering design services for process and industrial sectors. Services encompass process design, civil design, mechanical equipment design, piping design, and EI design. International codes and standards are followed to accommodate client needs, with internal standards aligned to ISO 9001:2015 certification. Projects are handled by a team of experienced engineers and designers, supported by technical consulting from industry experts.
Pipetech operates through Pipetech Engineering Solution Private Limited.
The legal entities of Pipetech currently have 2 directors, including Shaila Sunil Agale, Hiraman Kondiba Bhawar.