Lakshya Powertech SME IPO Details 2026

Established in 2012, Lakshya Powertech Limited started as an engineering consultancy firm specializing in mechanical and electrical services. The company quickly expanded from freelance power generation consultancy into operations and maintenance (O&M) for gas-fired power plants and large power generation projects.

By diversifying into the oil and gas sector, the company expanded its services and strengthened its position in the industry. An EPC contract in the renewable energy sector in Malaysia and growth in oil and gas plant maintenance and repair marked the company's global reach.

Lakshya Powertech's services are divided into four main areas: (i) Engineering, Procurement, Construction, and Commissioning; (ii) Integrated Operation and Maintenance Services; (iii) Specialty Services.

The company has successfully executed more than 138 projects with the major projects completed amounting to approximately Rs. 13690.68 lakhs.

Competitive Strengths:

• Extensive expertise in project management focusing on excellence in quality, health, safety, cost efficiency, and timely execution
• Significant growth underpinned by a solid order book and excellent pre-qualification credentials
• Integrated operational and management services supported by experienced professionals
• Activities in various industries and economies
• Sustainable growth and strong financial performance
• Expansion of EPCC contracts alongside expansion into emerging renewables and green energy businesses
• Active bidding for new projects
• Building and maintaining close relationships with customers and suppliers
• Attracting and retaining talented employees
• Improve operational controls to ensure timely delivery of services

The company works with both public and private sector entities. The company's clients include Gmmco Limited, Equinox Engineering Limited, and many other prestigious companies and government institutions.

As of May 31, 2024, the company had 912 employees on its payroll.