Artefact Projects

What Artefact Projects does

Artefact Projects Ltd. is a publicly listed Indian infrastructure consultancy headquartered in Nagpur, Maharashtra, founded in 1987 and listed on the Bombay Stock Exchange (Scrip Code: 531297). Originally incorporated as an NBFC and software services firm, the company pivoted to infrastructure consultancy in 1998-1999, building a 30+ year track record in highway and transportation engineering. The company delivers engineering and project management consultancy services across three core verticals: Highways, Bridges & Structures, and Future Infrastructure (urban projects, metros, smart cities, airports). Its service suite spans the full project lifecycle including Detailed Project Report (DPR) preparation, engineering design, Project Management Consultancy (PMC), Independent Engineer oversight, and supervision consultancy during operations and maintenance stages. Specialized capabilities include an in-house testing and quality control laboratory, a fleet of survey and inspection equipment (Mobile Bridge Inspection Units, Network Survey Vehicles, Falling Weight Deflectometers), and a technical library and documentation system.

The company serves a government-heavy client base, with the National Highways Authority of India (NHAI) as the dominant customer across multiple large stretches (NH-16 102 km, NH-544H 85 km, NH-30 70 km, Vadodara-Kim Expressway 64 km, NH-785 37 km). Additional clients include Maharashtra State Road Development Corporation (MSRDC), Mumbai Metropolitan Region Development Authority (MMRDA), Airports Authority of India (AAI), and state PWDs. The business operates on a Business-to-Government (B2G) model, with all revenue derived from professional services fees for consultancy assignments secured through competitive government tendering processes. Artefact employs 400+ professionals, of which 80% are engineers, and operates exclusively within India with pan-India project execution capabilities across Tamil Nadu, Andhra Pradesh, Maharashtra, Gujarat, Uttar Pradesh, Rajasthan, Haryana, and other states. The go-to-market is direct enterprise sales led by a dedicated business development function (headed by a Deputy General Manager), targeting infrastructure authorities through tendering and relationship-based engagement.

Name

Artefact Projects

Legal name

Artefact Projects Ltd.

Website

https://artefactprojects.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Artefact Projects Ltd. is a BSE-listed Indian infrastructure consultancy founded in 1987, providing engineering, design, DPR, PMC, supervision, and independent engineering services for highways, bridges, airports, and urban infrastructure to government clients, primarily NHAI and state agencies, with 400+ employees operating pan-India.

Ownership category

akta.pro rank

Product category

Infrastructure Engineering Consultancy

NAICS

Engineering Services (541330), Architectural, Engineering, and Related Services (5413)

SIC

Services-Engineering Services (8711)

akta.pro primary industry

Civil & Structural Engineering Consulting (BPAHAIAA)

akta.pro secondary industries

Construction Engineering & Constructability Consulting (BPAHAIAN), Infrastructure, Engineering & Public Works Technical Assistance (WASH/Transport/Energy) (BPADAEAF)

Keywords

• Infrastructure consultancy
• Highway engineering services
• Bridge design services
• Project management consultancy
• Independent engineer services

Headquarters

HQ city

Nagpur

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Infrastructure Consultancy Services: Professional consultancy fees for engineering, planning, design, and project management services across highways, bridges, airports, urban infrastructure, and railways sectors
2. Supervision and Independent Engineering Services: Fees for supervision consultancy and independent engineering services during operation and maintenance stages of infrastructure projects for NHAI and other government clients
3. DPR and Design Services: Detailed Project Report preparation and design services for national highway projects and expressways

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Artefact Projects Ltd. is an infrastructure consultancy firm delivering engineering, planning, design, supervision, and project management services across the full lifecycle of highways, bridges, urban infrastructure, airports, and emerging future-infrastructure projects. Offerings include DPR preparation, design engineering, Project Management Consultancy (PMC), Independent Engineer oversight, supervision consultancy during operation & maintenance, and specialized survey/inspection services for government infrastructure agencies led by NHAI and state bodies.

Product overview

Artefact Projects Ltd. is an infrastructure consultancy firm offering a unified portfolio of engineering and project management services organized around three core pillars: Highways, Bridges & Structures, and Future Infrastructure. The company's service suite spans the full project lifecycle — from detailed project report (DPR) preparation and design engineering through project management consultancy (PMC) and independent engineer oversight, to supervision consultancy and survey/inspection services. Highways Engineering Services and Bridges & Structures form the primary revenue-generating offerings, while Future Infrastructure covers emerging areas such as urban projects, metros, and smart city initiatives. Survey and Inspection Services (including Mobile Bridge Inspection, Network Survey Vehicle, Falling Weight Deflectometer, and retroreflectivity surveys) operate as specialized diagnostic offerings complementing the core engineering services. Airport Design and PMC is a distinct niche service delivered through foreign collaboration. All offerings are consultancy-oriented rather than software products, and no API or AI-powered features are offered.

Differentiator

Problem solved

Functional benefit

Products and services

• Highways Engineering Services Engineering and consultancy services for designing, planning, and managing highway and road network projects across India, supporting national highway development initiatives for government clients.
• Bridges & Structures Design and engineering services for bridge structures, flyovers, and elevated corridors facilitating efficient regional connectivity for government infrastructure programs.
• Future Infrastructure Modern and sustainable infrastructure development services including urban projects, metro planning, and smart city initiatives supporting long-term development for government and quasi-government clients.
• Supervision Consultancy Services Operation and maintenance supervision consultancy for national highway stretches, including site inspection, quality monitoring, and compliance reporting under NHAI mandates.
• Independent Engineer Services Independent engineering oversight during construction and O&M stages of highway projects, ensuring adherence to technical specifications and safety standards for NHAI and other government clients.
• DPR (Detailed Project Report) Services Comprehensive project planning and documentation services covering feasibility studies, detailed engineering design, cost estimation, and regulatory compliance for highway, expressway, and infrastructure projects.
• Project Management Consultancy (PMC) End-to-end project coordination and management services for infrastructure developments including airport design, ROB cum flyover projects, and urban infrastructure programs.
• Survey and Inspection Services Specialized infrastructure assessment services including Mobile Bridge Inspection Unit surveys, Network Survey Vehicle (NSV) road condition surveys, Falling Weight Deflectometer (FWD) pavement evaluations, and retroreflectivity surveys for road markings, sold as standalone assignments to highway authorities.
• Airport Design and PMC Airport design and project management consultancy services provided in collaboration with international partners, including services for Trivandrum Airport under Airports Authority of India (AAI).

Quantifiable outcome

• 30+ years of infrastructure consultancy experience
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Pioneer InfracoreStrategic or Co-development PartnerJoint venture partnership for infrastructure project execution. Artefact-Pioneer JV has been appointed as Independent Engineer for operation and maintenance of the 64 km Vadodara-Kim Expressway under NHAI
• MUFG Intime India Private LimitedminorOthersRegistrar and Share Transfer Agent providing investor services, handling share transfers, transmissions, dematerialization, and investor grievance management

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• AECOM India: India arm of global infrastructure consulting firm offering planning, design, and program management for transport, water, and urban infrastructure. Global incumbent with significantly larger scale and international credentials competing for the same NHAI/state government contracts.
• L&T Infrastructure Engineering Consultants (LiTIC): Subsidiary of L&T offering infrastructure design, engineering, and project management across transport, urban development, and smart cities. Larger incumbent with broader portfolio, deeper bench, and similar core highway/bridge engineering services.
• Egis India: Indian operations of French engineering group Egis, providing consulting, design, and project management for highways, urban transport, and infrastructure. International incumbent with established credentials competing for government infrastructure mandates.

Direct peers

• WAPCOS Limited: Government-owned (Ministry of Jal Shakti) engineering consultancy providing feasibility studies, DPR, design, and supervision for water resources, highways, and infrastructure projects in India. Closest direct peer—same business model, same customer base (government agencies), same services portfolio.
• IRCON International Limited: Public sector infrastructure construction and consultancy company specializing in railways, highways, and bridges. Comparable peer with similar government client base and infrastructure engineering services, though more EPC-weighted.
• RITES Limited: Government of India enterprise providing consultancy and project management services for railways, highways, airports, and urban transport. Publicly listed peer with overlapping service lines in transport infrastructure engineering and supervision consultancy.
• Consulting Engineers Group (CEG): Indian engineering consultancy providing design, supervision, and project management services for highways, bridges, and urban infrastructure. Comparable mid-sized peer with similar government-focused engineering services portfolio.
• Rodic Consultants: Indian infrastructure consultancy delivering project management, design, and supervision services for highways, bridges, urban infrastructure, and railways. Comparable mid-sized peer with similar B2G business model and service portfolio.
• Intercontinental Consultants and Technocrats (ICT): Indian infrastructure consultancy offering engineering design, project management, and supervision services for highways, bridges, urban infrastructure, and railways. Highly comparable mid-sized peer with similar B2G focus and multidisciplinary engineering team.

Emerging players

• Sheladia Associates: Engineering consultancy with strong presence in Indian highway and bridge design, DPR, and supervision. Mid-sized peer competing for similar NHAI and state-level assignments with overlapping technical capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Artefact Projects