Angelique International Limited: Company Profile

Background

Overview

Established in 1996, Angelique International Limited is a prominent Indian Engineering, Procurement, and Construction (EPC) company specializing in delivering comprehensive project solutions across various sectors, including power, water, irrigation, agriculture, industrial projects, railways, and social infrastructure. With a turnover nearing US$ 250 million, the company has expanded its operations to over 36 countries, including regions in Africa, South East Asia, the SAARC, Middle East, Latin America, and the Caribbean.

Mission and Vision

Mission: To deliver high-quality, complete project solutions in developing countries, satisfying customers through a competent workforce.

Vision: To become a leading EPC company from India.

Industry Significance

Angelique International Limited has established itself as a key player in the EPC sector, particularly in emerging economies, by executing complex infrastructure projects under various funding mechanisms, including multilateral institutions like the World Bank, Asian Development Bank, and African Development Bank, as well as bilateral government credits routed through the Export-Import Bank of India.

Key Strategic Focus

Core Objectives

To provide turnkey solutions encompassing feasibility studies, design, engineering, procurement, civil construction, installation, training, and trial runs.

To expand its footprint in rapidly growing economies by leveraging its expertise in executing large-scale infrastructure projects.

Areas of Specialization

Power: Generation, transmission, and distribution projects.

Water: Supply and distribution systems.

Irrigation and Agriculture: Development of irrigation systems and agricultural infrastructure.

Industrial Projects: Construction and development of industrial facilities.

Social Infrastructure: Development of facilities such as hospitals, schools, and community centers.

Key Technologies Utilized

The company employs advanced engineering and construction technologies tailored to the specific requirements of each project, ensuring efficiency, sustainability, and adherence to international standards.

Primary Markets Targeted

Angelique International Limited focuses on emerging markets in Africa, South East Asia, the SAARC region, the Middle East, Latin America, and the Caribbean, capitalizing on the growing demand for infrastructure development in these regions.

Financials and Funding

Funding History

The company has secured funding through various channels, including multilateral institutions like the World Bank, Asian Development Bank, and African Development Bank, as well as bilateral government credits routed through the Export-Import Bank of India.

Recent Financial Performance

In the fiscal year 2024, Angelique International Limited reported a revenue of ₹753 crore, with a net operating income of ₹713 crore and a profit of ₹9 crore.

Credit Ratings

The company has received ratings from CARE Ratings Limited, including a long-term rating of CARE BBB+; Stable and a short-term rating of CARE A2, reflecting a moderate level of credit risk.

Pipeline Development

Key Projects

Nyabarongo Hydro-Electric Project, Rwanda: A significant hydroelectric project contributing to Rwanda's power generation capacity.

Afghanistan India Friendship Dam (Salma Dam): A major infrastructure project enhancing water supply and irrigation in Afghanistan.

Transmission Line Project in Ivory Coast: Interconnection between Mali and Ivory Coast, improving regional power distribution.

Repair & Maintenance Workshops in Erbil, Iraq: Enhancing water supply infrastructure in the region.

IT Park in Swaziland: Development of technological infrastructure to boost the local economy.

Anticipated Milestones

The company continues to focus on executing these projects efficiently, aiming to meet international standards and timelines, thereby strengthening its position in the global EPC market.

Technological Platform and Innovation

Proprietary Technologies

Angelique International Limited utilizes a range of proprietary technologies and methodologies tailored to the specific requirements of each project, ensuring efficiency, sustainability, and adherence to international standards.

Significant Scientific Methods

The company employs advanced engineering and construction techniques, including state-of-the-art design and project management tools, to deliver high-quality infrastructure solutions.

Leadership Team

Key Executives

Ajay Krishna Goyal: Chairman and Managing Director, leading the company's strategic direction and operations.

Sanjay Krishna Goyal: Director, contributing to the company's growth and expansion strategies.

Pankaj Goyal: Director, involved in overseeing project execution and operational efficiency.

Jagadish Janardan Baxi: Director, responsible for financial management and strategic planning.

Premila Goyal: Director, overseeing human resources and organizational development.

Harish Kumar Saraf: Director, managing procurement and supply chain operations.

Madhava Ravindra: Director, leading the company's international business initiatives.

Anup Kumar Sobti: Director, focusing on project management and execution.

Competitor Profile

Market Insights and Dynamics

The EPC sector is characterized by intense competition, with numerous players vying for large-scale infrastructure projects globally. Key competitors include Mantri Developers, BPTP, Vatika Group, Rohan Builders India, and Hasta Prajatama.

Strategic Collaborations and Partnerships

Angelique International Limited has established strategic collaborations with various multilateral institutions, including the World Bank, Asian Development Bank, and African Development Bank, as well as bilateral government credits routed through the Export-Import Bank of India, to secure funding and enhance project execution capabilities.

Operational Insights

The company's extensive experience in executing power transmission projects globally, including in African countries, demonstrates satisfactory project execution capabilities.

Strategic Opportunities and Future Directions

Strategic Roadmap

Angelique International Limited aims to scale up operations by executing projects in the nascent stage of its order book and realizing stretched current assets, thereby improving profitability and operational efficiency.

Future Business Directions

The company plans to expand its presence in emerging markets by leveraging its expertise in executing large-scale infrastructure projects and strengthening its position in the global EPC market.