Tarmat
- Company typePublic
- Founded1986
- HeadquartersMumbai, India
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
Tarmat firmographics
Firmographics- Name
- Tarmat
- Legal name
- Tarmat Limited
- Website
- https://tarmat.in
- Company type
- Public
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
Where Tarmat is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Tarmat business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- EPC Infrastructure Contracts: Engineering, Procurement and Construction (EPC) services for infrastructure projects including airport runways, highways, railways, and industrial infrastructure. Revenue is project-based, generated through government contracts, PPP models, and World Bank/Asian Development Bank funded projects.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Tarmat product offering
Product offeringCore offering
Tarmat is an infrastructure construction company that provides Engineering, Procurement and Construction (EPC) services for highways, airport runways, railways, and other civil infrastructure projects. The company primarily serves government agencies at central, state, and municipal levels, executing runway construction and resurfacing, national and state highway development, railway track and station construction, port and industrial infrastructure projects, and is foraying into real estate development.
Product overview
Tarmat is an infrastructure construction company offering five core service lines: Airport Runways (runway construction, resurfacing, and CAT-II light installations for airports and military bases), Highways (national and state highway development including four-laning and widening projects), Infrastructure (port, refinery, and industrial area developments), Railways (track construction and signaling for Indian Railways projects), and Real Estate (commercial and residential development). The company operates on an EPC (Engineering, Procurement, and Construction) model and primarily serves government agencies including AAI, MES, NHAI, and state PWDs.
Differentiator
Problem solved
Functional benefit
Products and services
- Airport Runways Construction, resurfacing, extension, and maintenance of runways for domestic and international airports, military airbases, and naval airports. Services include runway strengthening, CAT-II light installations, and apron construction. Clients include AAI, MES, and Indian Navy.
- Highways National and State highway development including four-laning, widening, rehabilitation, and maintenance. Projects span the East West Corridor and Golden Quadrilateral, executed for NHAI under World Bank and Asian Development Bank funding.
- Infrastructure Infrastructure development including port construction, industrial area development, refinery civil works (e.g., BPCL Kochi), power grid substation site development, and road concretization projects for port trusts and industrial development corporations.
- Railways Railway construction services including roadbed construction, major and minor bridges, track linking, outdoor signaling, electrical works, and station buildings for doubling and new railway sections, primarily for Rail Vikas Nigam Limited (RVNL).
- Real Estate Real estate development including commercial and residential projects. First project is a 5 lakh sq ft development at Goregaon, near Oberoi Mall in Mumbai.
Companies that use Tarmat
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles4 records
Tarmat technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Tarmat partnerships and signals
Strategic signalScale indicators6 records
Recent moves5 records
Expansion highlights4 records
Tarmat competitors and assessment
Company assessmentBroad incumbents
- Larsen & Toubro (L&T): India's largest EPC conglomerate spanning roads, airports, metros, buildings, and power. While vastly larger and more diversified, L&T competes with Tarmat on major airport, highway, and rail tenders and is the dominant incumbent in the same Indian EPC market.
Direct peers
- Afcons Infrastructure: Indian EPC and infrastructure contractor executing highways, runways, metros, and marine works for government and PSU clients. Closest direct analogue to Tarmat: shares the runways/highways/civil-infrastructure EPC focus, government tendering model, and Indian operating base.
- Sadbhav Engineering: Indian EPC contractor with significant road and highway execution experience, including BOT and PPP project delivery. Comparable in EPC road-building focus, public-sector client mix, and small-mid cap status.
- Ashoka Buildcon: Highway and road EPC contractor in India with strong NHAI project execution and toll-road BOT exposure. Direct competitor for state and national highway packages that Tarmat also targets.
- Hindustan Construction Company (HCC): Established Indian heavy-construction company active in roads, bridges, tunnels, and hydropower. Overlaps directly with Tarmat on highways, bridges, and heavy-civil EPC work for government and multilateral clients.
- NCC Limited: Diversified Indian EPC contractor active in highways, buildings, water, and electrical projects with strong public-sector client base. Comparable in EPC model, government tender dependency, and mid-tier contractor scale.
- Patel Engineering: Indian EPC contractor executing hydro, tunnels, irrigation, and civil infrastructure projects for government clients. Comparable in civil-infrastructure EPC focus and public-sector contracting model, with overlapping geographies.
- Dilip Buildcon: Highway-specialist EPC and BOT contractor in India, executing large NHAI/state highway packages similar to Tarmat's road portfolio. Direct competitor for the same NHAI and World Bank-funded highway tenders.
Emerging players
- KEC International: Indian EPC contractor centered on power transmission and distribution with selective roads and civil infrastructure work. Partially overlapping EPC model and government/PSU client base, with comparable mid-cap scale.
- IRB Infrastructure Developers: Highway and BOT/toll-road developer-operator in India with overlapping NHAI client relationships. Comparable in highway focus but tilted toward asset-ownership/PPP rather than pure EPC, making it a partial-overlap peer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Tarmat compliance and trust
Trust signalCompliance1 record
Tarmat financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tarmat leadership team
Management profileNumber of profiles
Profiles7 records
Tarmat funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tarmat M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tarmat
What does Tarmat do?
Tarmat is an infrastructure construction company that provides Engineering, Procurement and Construction (EPC) services for highways, airport runways, railways, and other civil infrastructure projects. The company primarily serves government agencies at central, state, and municipal levels, executing runway construction and resurfacing, national and state highway development, railway track and station construction, port and industrial infrastructure projects, and is foraying into real estate development.
Is Tarmat a public or private company?
Tarmat is a public company. It is classified as public and is currently operating.
When was Tarmat founded?
Tarmat was founded in 1986. It employs 5,001 to 10,000 people.
Where is Tarmat based?
Tarmat is headquartered in Mumbai, India, in the Asia region.
How does Tarmat make money?
One revenue line is on record: EPC Infrastructure Contracts.
Who are Tarmat's main competitors?
Larsen & Toubro (L&T) is listed as a broad incumbent. Direct peers are Afcons Infrastructure, Sadbhav Engineering, Ashoka Buildcon, Hindustan Construction Company (HCC), NCC Limited, Patel Engineering and Dilip Buildcon. Emerging players are KEC International and IRB Infrastructure Developers.
Does Tarmat have an API?
No public API is recorded for Tarmat.