In a major boost to India’s modular construction sector, EPACK Prefab has successfully raised USD 20 million (approximately INR 170.2 crore) in its first-ever funding round. The investment comes from GEF Capital Partners, a globally recognized private equity fund with a strong focus on climate-conscious ventures. For EPACK Prefab, this financial backing represents more than just growth—it’s a leap toward reshaping sustainable construction practices in India.
Epack Prefab – Fueling Expansion and Innovation
Announced on 23 December 2024, the funding will fuel EPACK Prefab’s ambitious plans to scale operations and strengthen its manufacturing footprint. The company has laid out a roadmap focusing on three primary areas:
1. Boosting Manufacturing Capacity: EPACK Prefab plans to channel a portion of the funds into expanding its facilities in Greater Noida, Ghiloth (Rajasthan), and Mambattu (Andhra Pradesh). These plants collectively produce over 1,33,924 metric tonnes annually. With the expansion, production output is expected to surge, meeting growing market demands.
2. Innovation and R&D Investments: A significant part of the funding will go into advancing research and development, particularly for energy-efficient prefabricated construction technologies. The emphasis is on pushing the boundaries of eco-friendly designs and sustainable building materials.
3. Accelerating Growth Strategies: From introducing new modular products to exploring untapped markets, EPACK Prefab intends to position itself as a leader in the modular construction industry, both domestically and globally.
Advancing Sustainability in Construction
EPACK Prefab’s approach to modular construction sets it apart in an industry dominated by traditional building methods. Prefabrication, as practised by the company, brings multiple sustainability benefits:
- Streamlined Designs: Optimized layouts minimize waste and improve resource efficiency.
- Recyclable Materials: Many components used in EPACK’s structures can be reused, reducing environmental impact.
- Lower Carbon Footprint: Modular techniques reduce emissions associated with construction, aligning with broader climate goals.
Sanjay Singhania, EPACK Prefab’s Managing Director, called the funding a transformative moment for the company. “This milestone motivates us to push boundaries and redefine industry standards with sustainable and innovative solutions,” he remarked.
A Vision for Industry Leadership
The funding not only bolsters EPACK Prefab’s operational capacity but also sharpens its focus on becoming a market leader. The company has its eyes set on expanding its footprint across India and exploring international opportunities. It’s a vision that aligns closely with the changing dynamics of the construction industry, where efficiency and sustainability are taking centre stage.
Executive Director Nikhel Bothra underscored the importance of the partnership with GEF Capital Partners. He highlighted how the funding would enable the adoption of cutting-edge technologies without losing focus on sustainability.
“We’re thrilled to have GEF Capital Partners on board,” Bothra stated. “Their expertise in climate-focused investments aligns perfectly with our mission to drive eco-friendly growth.”
Shifting the Construction Paradigm
For GEF Capital Partners, the decision to back EPACK Prefab reflects a broader trend in the construction industry—modular methods as key players in reducing greenhouse gas emissions. Krishnan Ganesan, Managing Director at GEF Capital Partners, emphasized the transformative potential of prefabricated technologies in supporting global decarbonization goals.
“Modular construction isn’t just about speed; it’s about sustainability,” Ganesan noted. “EPACK Prefab has already shown what’s possible, and we’re excited to be part of this journey.”
EPACK Prefab’s track record speaks volumes. One of its standout achievements includes building a structure in just 150 hours, showcasing how prefabricated solutions can deliver speed without compromising quality.
Looking Ahead
With this infusion of funds, EPACK Prefab is gearing up to set new benchmarks in the construction industry. Its focus on innovation, sustainability, and efficiency positions it as a front-runner in India’s growing modular construction space.
As the company scales operations, expands market reach, and refines its technologies, it’s clear that EPACK Prefab is not just constructing buildings—it’s laying the foundation for a more sustainable future.
The USD 20 million investment marks a pivotal chapter in EPACK Prefab’s story, one that underscores its commitment to driving sustainable growth and transforming construction practices. And as it steps into this next phase, the industry will be watching closely to see what’s built next. For more information related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.
