Aarvi Encon Limited specializes in engineering consulting and technical staffing services. It was established in 1987. It works with industries like Oil & Gas, Refineries, Petrochemicals, Pipelines, Infrastructure, Power, Process, and Telecom. The company offers services like project management, inspection, turnkey project execution, HR, staffing, and recruitment for engineering projects.
A key milestone was its expansion into international markets, which allowed it to serve a wider client base. The company also adapted to changing industry needs by incorporating advanced technology and practices into its services. This evolution helped the company to remain competitive and maintain its reputation as a trusted partner in engineering consulting and manpower outsourcing.
Leadership & Management
Aarvi's leadership and management team include key figures who have significantly contributed to the company's growth and success. Mr. Virendra D. Sanghavi leads as the Managing Director and has over 48 years of experience. He has worked in the process plant industry across and earned several prestigious awards for his work. Mr. Jaydev V. Sanghavi is the Executive Director who joined in 1992. He has a Chemical Engineering background and over 25 years of experience in different roles.
Together, they guide the company in providing quality engineering and manpower services. They also maintain high standards in safety and environmental practices.
Products & Services
Aarvi Encon Limited specializes in several core areas to meet the diverse needs of the energy sector and beyond. One of their key services includes construction supervision. They deploy specialists to oversee and monitor contractors’ work during the building and installation phases of projects. This makes sure that all mechanical, electrical, and instrumentation equipment installations meet the highest standards.
The company’s engineering services are recognized across India for delivering expert solutions across multiple business segments. These showcase their versatility and commitment to excellence. The company is also at the forefront of providing expediting services, particularly skilled manpower for EPC projects.
In addition to that, their inspection services show their deep-rooted expertise that guarantees quality and safety in operations, particularly in the oil and gas sector. IT staffing is another area where it has made significant strides. They notably support major projects like Reliance's first refinery at Jamnagar with specialized staffing solutions.
The company's pioneering approach to manpower outsourcing has established new standards within the industry. This recognition is not just a testament to their size but also to their effectiveness in meeting the diverse and complex staffing needs of their clients. Their dedicated focus on Operation and Maintenance (O&M) services further underscores their commitment to supporting critical infrastructure across key sectors such as solar energy, pipelines, and oil & gas.
Furthermore, It is widely recognized as the go-to partner for technical manpower solutions, especially for Aarvi Encon current projects. This reputation is built on their proven reliability and efficiency in managing critical project phases. Their ability to deliver under pressure makes them a trusted ally in projects that require meticulous planning and execution.
Achievements
Aarvi Encon Limited has achieved several milestones that highlight its leadership in technical staffing and engineering consultancy.
- It stands as India's largest technical staffing company, partnering with big names like Reliance and Larsen & Toubro.
- The company boasts a CRISIL MSE-1 rating for nine consecutive years, signaling top creditworthiness.
- Aarvi has won numerous awards, including the National Award for Excellence in Consultancy Services in 1997 and the Star SME Award in 2010.
- It is expanding globally as it aims to enter markets in UAE, Saudi Arabia, Malaysia, and Africa and to diversify into new sectors.
These accomplishments reflect its commitment to quality, safety, and client satisfaction.
Financial performance
As of March 31, 2022, the company's financial performance showed significant growth. It company reported a sales increase to ₹ 2,885.47 million from ₹ 2,017.86 million in the previous year. Revenue also rose to ₹ 2,897.26 million from ₹ 2,040.82 million. Net income increased to ₹ 120.67 million from ₹104.6 million, and basic earnings per share from continuing operations went up to ₹ 8.16 from ₹ 7.08.
As of March 2024, Arvi Encon share price is around ₹123.65.
The significant increase in sales and revenue demonstrates AARVI's expanding operations and its ability to capture more market share. The rise in net income and earnings per share further confirms the company's profitability and efficient management practices.
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Final Word
Aarvi Encon has the potential for future success. Its commitment to excellence and strategic initiatives suggest a promising outlook for stakeholders and clients alike. The financial performance and milestones achieved by the company reflect its resilience and potential for sustained growth.