M&B Engineering

Pre-Engineered Steel Buildingsmbel.in

M&B Engineering Limited (NSE: MBEL) designs and manufactures pre-engineered steel buildings, structural steel components, and self-supported roofing systems for enterprise and government clients across warehousing, railways, manufacturing, energy, and infrastructure sectors in India and the United States.

Company typePublic
Founded1981
HeadquartersAhmedabad, India
Headcount1,001–5,000
GTM typeB2B
OfferingHardware or Manufacturing

What M&B Engineering does

M&B Engineering Limited (NSE: MBEL) is an Ahmedabad-headquartered, publicly listed design-focused engineering solutions provider specializing in pre-engineered buildings (PEB) and self-supported steel roofing. Founded in 1981 as part of the M&B Group (established 1951), the company operates two principal brands: Phenix Construction Technologies, which supplies custom-designed PEB structures and heavy structural steel components, and Proflex Roofing Solutions, which since 2001 has pioneered trussless self-supported steel roofing in India via US technology transfer. Its manufacturing stack spans in-house design (STAAD, MBS, TEKLA, AutoCAD), AI-integrated CNC and robotic welding, and US-sourced mobile manufacturing units that produce roof panels on-site. The company holds the only AISC-certified PEB plant in India along with RDSO, NABL, FM Global, ISO 9001, ISO 14001, and OHSAS 18001 certifications.

The firm serves enterprise and government clients across warehousing and logistics, manufacturing, railways, power and energy, aviation, textiles, food and dairy, and infrastructure verticals, with named customers including Amul, Reliance, Inductotherm, Mazagon Docks, Areva Renewable Energy, Trident, Ford, Suzuki, Indian Railways, Mundra Windtech (Adani Group), Vishakha Glass, and Portobello America Manufacturing LLC. Revenue is generated through direct enterprise field sales on a project-based pricing model, with domestic orders in the Rs 63–73 crore range and international contracts such as the $24.14 million US PEB/structural steel order; large contracts bundle design, manufacturing, and on-site erection, with wholly-owned subsidiaries (Phenix Building Solutions, Phenix Construction Technologies Inc. USA) handling delivery.

M&B operates manufacturing plants at Sanand, Gujarat and a second facility near Chennai (30,000 MTPA, operational March 2024), supported by a US sales subsidiary in North America. The company completed an IPO in January 2025, raising Rs 650 crore (~$78M) and is positioned as debt-free with fully funded capex. FY26 revenue reached Rs 1,259.72 crore (up 27.43% YoY) with Rs 92.64 crore net profit (up 20.23% YoY), against an India PEB market CAGR of ~11.66% (2022–2030).

M&B Engineering firmographics

Firmographics

Name: M&B Engineering
Legal name: M&B Engineering Limited
Website: https://mbel.in
Company type: Public
Founded year: 1981
Operating status: Operating
Headcount range: 1,001–5,000 employees
Short description: M&B Engineering Limited (NSE: MBEL) designs and manufactures pre-engineered steel buildings, structural steel components, and self-supported roofing systems for enterprise and government clients across warehousing, railways, manufacturing, energy, and infrastructure sectors in India and the United States.
Ownership category
akta.pro rank

M&B Engineering industry classification

Industry

Product category: Pre-Engineered Steel Buildings
NAICS: Fabricated Structural Metal Manufacturing (332312), Plate Work and Fabricated Structural Product Manufacturing (33231)
SIC: Prefabricated Metal Buildings & Components (3448), Fabricated Structural Metal Products (3440)
akta.pro primary industry: Metal Building Systems (PEMB) (IMADACAB)
akta.pro secondary industries: Structural Steel Fabrication (IMADACAA), Steel Joists, Joist Girders & Decking (IMADACAC)

Keywords

Pre-engineered buildings
Structural steel fabrication
Self-supported steel roofing
Industrial building solutions
Steel bridge girders

Where M&B Engineering is headquartered

Location

Headquarters

HQ city: Ahmedabad
HQ country: India
HQ region: Asia

Offices4 records

Markets served

M&B Engineering business model

Business model

GTM type: B2B
Offering type: Hardware or Manufacturing
Cost components: Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

PEB Design, Manufacturing & Erection: One-time project-based revenue from design, manufacturing, and on-site erection of pre-engineered buildings and structural steel. Projects range from Rs 63-73 crore domestic orders to $24.14 million international orders.
Proflex Roofing Solutions: Self-supported steel roofing systems including design, supply, and installation services for industrial and commercial applications.
Structural Steel Components: Custom-fabricated light to heavy steel structures including stainless steel bridge girders for infrastructure projects.

Pricing tiers

Model	Billing	Price
Unit Pricing	Pay-as-you-go	Project-based pricing for PEB and structural steel contracts

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

M&B Engineering product offering

Product offering

Core offering

M&B Engineering Ltd is a design-focused engineering solutions provider that designs, manufactures, and erects pre-engineered steel buildings (PEBs) and self-supported steel roofing systems. Operating through its Phenix (PEB) and Proflex (self-supported steel roofing) brands, the company delivers turnkey structural steel solutions for industrial, infrastructure, railway, power, and commercial projects across India and internationally.

Product overview

M&B Engineering is a design-focused engineering solutions provider offering turnkey PEB (Pre-Engineered Buildings) and roofing solutions through two primary divisions: Phenix Construction Technologies and Proflex Roofing Solutions. Phenix provides custom-designed pre-engineered buildings, structural steel components, and stainless steel bridge girders for industrial and infrastructure applications. Proflex, established in 2001 as the pioneer of self-supported steel roofing in India, offers trussless roofing systems, cantilever roofing, "A" shaped steel buildings, wall cladding, accessories (ventilators, skylights, HVLS fans), and solar panel integration. Together, these divisions provide comprehensive solutions from design and manufacturing to erection and installation.

Differentiator

Problem solved

Functional benefit

Brands

Phenix: India's leading provider of pre-engineered buildings (PEB) and structural steel solutions, specializing in design, manufacturing, and supply of light to heavy complex steel structures.
Proflex

Products and services

Phenix Pre-Engineered Buildings (PEBs) India's leading provider of pre-engineered buildings and structural steel solutions, specializing in design, manufacturing, and supply of light to heavy complex steel structures for industrial and infrastructure projects.
Pre-Engineered Buildings (PEBs) Custom-designed steel structures prefabricated in a controlled environment for precise manufacturing and quick on-site assembly, offering cost savings and reduced turnaround time for industrial, warehousing, and infrastructure projects.
Proflex Roofing Solutions Pioneer of self-supported steel roofing in India, offering complete roofing solutions including structural load reaction data, conceptual drawings, and project management support for industrial and commercial applications.
Self-Supported Steel Roofing Trussless roofing system designed to cover large spans without need for trusses or supports, providing maximum internal space for warehouses, railway stations, airports, and factories.
Structural Steel Components Light to heavy steel structures including beams, columns, and girders used in complex infrastructure and industrial projects for bridges, flyovers, industrial plants, and shipyards.
Stainless Steel Bridge Girders Custom-fabricated bridge girders offering superior corrosion resistance and longevity for infrastructure projects in challenging environments.
Cantilever Roofing (Proflex Parking Solutions) Cantilever-style roof providing unobstructed coverage with aesthetic appeal for railway platforms, airport terminals, and bus stations.
Proflex Steel Buildings ("A" Shaped Steel Buildings) Ground-to-ground steel buildings eliminating the need for concrete supports, offering fast and cost-effective solution for large-scale storage needs.

Quantifiable outcome

30-50% faster construction than traditional methods
+5 more outcomes

Companies that use M&B Engineering

Customer profile

Named customers12 records

Segments8 records

Ideal customer profiles3 records

M&B Engineering technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

M&B Engineering partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core.

Varco PrudencoreTechnology or Integration · 1 January 2008Technical collaboration with Varco Pruden (the second-largest PEB company globally) for the PEB business, resulting in commercial production of PEB at the Sanand plant in Gujarat in February 2008. This partnership brought global PEB expertise to the Indian market.
American Technology Partners (Proflex)coreTechnology or Integration · 1 January 2001Licensing/technology transfer partnership for self-supported steel roofing technology from the United States, introduced to India under the Proflex brand in 2001.
Phenix Building Solutions (PBSPL)coreOthersWholly-owned subsidiary handling PEB erection and construction services; additional ₹10.03 crore erection component on major projects
Phenix Construction Technologies Inc., USAcoreOthersWholly-owned US subsidiary securing international orders including $24.14 million PEB order for pre-engineered building and structural steel supply

Scale indicators14 records

Recent moves8 records

Expansion highlights5 records

M&B Engineering competitors and assessment

Company assessment

Direct peers

Pennar Industries: Diversified Indian engineering company with material PEB and structural steel businesses serving infrastructure, industrial, and solar-mounting customers—directly comparable to M&B's pre-engineered building and structural steel offerings.
Tata BlueScope Steel: Joint venture between Tata Steel and BlueScope Steel offering PEB solutions (BUTLER-style buildings) in India. Overlaps directly with M&B on industrial and commercial steel-building projects, with a strong parent-backed balance sheet.
Zamil Steel: Saudi Arabia-based global PEB player with India operations; offers pre-engineered steel buildings for industrial, commercial, and infrastructure end-uses, competing with M&B on large Indian and export projects.
Interarch Building Products: India's largest dedicated pre-engineered building (PEB) manufacturer and a direct competitor to M&B's Phenix PEB business across industrial, commercial, and infrastructure segments. Recently listed Indian peer, making it the closest read-across for valuation and growth.
Everest Industries: Indian building-products manufacturer with a PEB/pre-engineered steel buildings division serving industrial and commercial construction. Competes with M&B on factory, warehouse, and infrastructure roofing projects.
Kirby Building Systems (India): Saudi Arabia–headquartered Kirby (AlRajhi Building Solutions) operates one of India's largest PEB plants and competes head-to-head with M&B in industrial warehouses, factories, and large-span projects across the Indian market.

Broad incumbents

JSW Steel: India's largest steel producer with potential downstream ambitions in fabricated structural and PEB segments. Relevant as a broad incumbent whose steel pricing and forward integration decisions shape the competitive landscape for M&B.
Tata Steel: Vertically integrated steel major with downstream PEB exposure via Tata BlueScope; represents the broader incumbent that could expand PEB capacity and pressure margins for specialized players like M&B.

Emerging players

Lloyd Insulations (India): Indian player offering PEB and insulated roofing/cladding solutions for industrial and commercial buildings. Partial overlap with M&B's Proflex roofing and insulated panel offerings in the same end markets.

Others

APL Apollo Tubes: India's largest structural steel tube manufacturer supplying into PEB and infrastructure value chains. Not a direct PEB competitor but a structurally related steel-input peer that influences the cost base and supply dynamics of the PEB industry.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

M&B Engineering compliance and trust

Trust signal

Compliance7 records

M&B Engineering financial estimates

Financial estimate

Revenue estimate

Valuation estimate

M&B Engineering leadership team

Management profile

Number of profiles

Profiles1 record

M&B Engineering subsidiaries and ownership

Company hierarchy

Subsidiaries4 records

M&B Engineering funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

M&B Engineering M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about M&B Engineering

What does M&B Engineering do?

Is M&B Engineering a public or private company?

M&B Engineering is a public company. It is classified as public and is currently operating.

When was M&B Engineering founded?

M&B Engineering was founded in 1981. It employs 1,001 to 5,000 people.

Where is M&B Engineering based?

M&B Engineering is headquartered in Ahmedabad, India, in the Asia region.

How does M&B Engineering make money?

Three revenue lines are on record. PEB Design, Manufacturing & Erection is the primary driver. The others are proflex Roofing Solutions and structural Steel Components.

Who are M&B Engineering's main competitors?

Direct peers on record are Pennar Industries, Tata BlueScope Steel, Zamil Steel, Interarch Building Products, Everest Industries and Kirby Building Systems (India). Broad incumbents are JSW Steel and Tata Steel. Lloyd Insulations (India) is listed as an emerging player. APL Apollo Tubes is listed as an others.

Does M&B Engineering have an API?

No public API is recorded for M&B Engineering.

What industry is M&B Engineering in?

M&B Engineering's product category is Pre-Engineered Steel Buildings. Its primary akta.pro industry code is IMADACAB, Metal Building Systems (PEMB), with a secondary code of IMADACAA, Structural Steel Fabrication. Its NAICS code is 332312 and its SIC code is 3448.