Globe Civil Projects

What Globe Civil Projects does

Globe Civil Projects Limited is an India-based integrated Engineering, Procurement and Construction (EPC) company headquartered in New Delhi, founded in 2002. The company undertakes large-scale civil infrastructure projects on an EPC basis for government and institutional clients — including IITs, NITs, AIIMS, central universities, central government ministries, the Railway Land Development Authority, the Income Tax Department, and the Haryana Cricket Association. Its service portfolio spans educational campuses, healthcare facilities, railway station upgrades, bridges (including pile-foundation work in Coastal Regulation Zones), housing complexes, commercial office buildings, smart-city projects, and urban infrastructure, covering civil, plumbing, and MEP (Mechanical, Electrical, Plumbing) services.

The company executes projects across 11 Indian states — Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh — and went public in July 2025, listing on BSE (544424) and NSE (GLOBECIVIL) through a fresh-issue IPO that raised approximately INR 1,190 million. In Q3 FY26, the company reported consolidated revenue from operations of approximately INR 93 crore (up ~6% sequentially) and net profit of INR 6.5 crore (up 10.16% quarter-on-quarter), with the order book exceeding INR 1,000 crore as of August 2025 and revenue CAGR of 7.53% over FY2022–FY2024. PAT rose from INR 52.01 million to INR 153.78 million over the same period.

The business model is built on competitive tendering via government e-procurement portals, with revenue recognized on a percentage-of-completion basis for long-duration contracts. The Khurana family promoter group retains controlling influence — Managing Director Vipul Khurana holds approximately 26.89% of equity — alongside co-Managing Director Nipun Khurana and Chairman Ved Prakash Khurana. With only 11–50 disclosed employees, execution is heavily subcontractor-dependent. Since the July 2025 listing at INR 91.10 per share, the stock has declined approximately 43% by February 2026, reflecting market concerns about execution capacity, narrow customer concentration in the public sector, and governance signals including a Regulation 30 demand notice (30 March 2026) and credit-rating revision/withdrawal actions in March–April 2026.

Name

Globe Civil Projects

Legal name

Globe Civil Projects Limited

Website

https://globecivilprojects.com

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Globe Civil Projects Limited is an India-based integrated EPC contractor headquartered in New Delhi that executes civil infrastructure — educational campuses, healthcare facilities, railway stations, bridges, and housing — primarily for government and institutional clients across 11 Indian states.

Ownership category

akta.pro rank

Product category

Civil Engineering & Infrastructure Construction Services

NAICS

Other Heavy and Civil Engineering Construction (237990), Highway, Street, and Bridge Construction (237310), Heavy and Civil Engineering Construction (237)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro industry

PRIMARYIMAFAAAD

Design-Build / EPC General Contracting

Industrials, Manufacturing & Construction/Construction & Civil Engineering/General Contracting & Construction Management

SECONDARYEUAEADAA

Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Renewable Balance-of-Plant EPC (Wind/Solar/Hydro)

Keywords

• Civil construction services
• Infrastructure development
• EPC contracting
• Building construction
• Government infrastructure

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. EPC Project Contracts: The company generates revenue through engineering, procurement, and construction contracts awarded via competitive tendering. Revenue is recognized on a percentage-of-completion basis for long-term construction projects. The company has demonstrated consistent growth with revenue CAGR of 7.53% from FY2022 to FY2024, with profit after tax rising from ₹52.01 million to ₹153.78 million over the same period.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Globe Civil Projects is an integrated Engineering, Procurement, and Construction (EPC) company that delivers civil infrastructure projects across India. The company executes roads, bridges, urban infrastructure, educational campuses, healthcare facilities, railway stations, housing complexes, and commercial office buildings under long-term EPC contracts awarded primarily through competitive government tendering. Services span civil construction, plumbing, and MEP integration for clients including IITs, NITs, AIIMS, central and state government departments, and other public-sector institutions across eleven Indian states.

Product overview

Globe Civil Projects Limited operates as a single unified EPC (Engineering, Procurement and Construction) service offering rather than a platform-plus-modules architecture. The company's core product is integrated infrastructure construction services that encompass the entire lifecycle of infrastructure projects. Their service portfolio includes: Road Construction, Bridge Building, Urban Infrastructure Development, Institutional Building (Educational Institutions), Healthcare Infrastructure, Railway Infrastructure, Housing Projects, and Commercial Office Spaces. These services are delivered through EPC contracts covering civil, plumbing, and MEP (Mechanical, Electrical, Plumbing) services. The company undertakes projects across eleven Indian states including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh.

Differentiator

Problem solved

Functional benefit

Products and services

• EPC (Engineering, Procurement and Construction) Services

Quantifiable outcome

• Revenue CAGR of 7.53% from FY2022 to FY2024
• +3 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• EQUIBRIDGEminorGTM or Marketing Partner · 14 October 2025EQUIBRIDGE serves as the company's Investor Relations and Public Relations agency, managing corporate communications, investor relations activities, and media interactions.
• KFin Technologies LimitedminorOthersKFin Technologies Limited serves as the Registrar and Transfer Agent (RTA) for Globe Civil Projects, handling share registry services, investor grievances, and regulatory compliance for share transfers.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Sadbhav Engineering Limited: Listed Indian infrastructure EPC focused on roads, bridges, mining, and irrigation; comparable scale and exposure to government/PPP tenders with similar execution and working-capital dynamics.
• Simplex Infrastructures Limited: Indian EPC contractor with multi-decade history across buildings, transportation, energy, and urban infrastructure — directly comparable business model of tender-driven government and institutional project execution.
• Patel Engineering Limited: Mumbai-based EPC contractor active in hydropower, tunnels, irrigation, and urban infrastructure; competes with Globe Civil for government tenders and shares the same public-sector client base and EPC delivery model.
• Hindustan Construction Company (HCC): Long-established Indian EPC contractor with deep experience in transportation, hydro, and nuclear infrastructure; overlaps with Globe Civil on bridges, tunnels, and complex civil works, particularly on government-led projects.
• B.L. Kashyap & Sons Limited: Indian EPC contractor specializing in commercial, institutional, and residential buildings for government and private clients — closely comparable customer mix (educational institutions, healthcare, government offices) and project structure.
• GR Infraprojects Limited: Listed Indian infrastructure EPC with strong presence in highway, road, and bridge construction; comparable in size, scale, and reliance on competitive government tenders in similar geographies.
• Ahluwalia Contracts (India) Limited: Listed Indian EPC contractor specializing in institutional, commercial, and government buildings (hospitals, universities, offices) — virtually identical customer profile (IITs, AIIMS, government departments) and similar project structure to Globe Civil, making it the closest like-for-like peer.
• NCC Limited: One of India's largest listed EPC/construction firms with diversified building, infrastructure, and electrical contracting; competes with Globe Civil on the same government and institutional tenders and operates at much larger scale.
• KEC International Limited: RPG Group-listed EPC company with diversified infrastructure capabilities including civil and railway infrastructure; competes with Globe Civil for certain railway, urban infrastructure, and government tenders.

Broad incumbents

• Larsen & Toubro (L&T) Construction: India's largest EPC conglomerate with an exhaustive portfolio covering buildings, transportation, power, and heavy civil; serves as the broad incumbent benchmark for institutional/government construction work that Globe Civil also competes for, though at vastly larger scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@globecivilprojectslimited
• Instagraminstagram.com/globecivilprojectsltd?igsh=ajF2d240c2h0a3Bl

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Globe Civil Projects