Ajwa Projects Ltd.
Ajwa Projects is a multi-disciplinary industrial services company providing end-to-end solutions across fabrication, erection, piping, pressure equipment, civil construction, and maintenance for sectors including oil & gas, power, steel, cement, and infrastructure projects. The company operates through both off-site workshops and on-site execution models.
Overview
About the Company
Ajwa Projects is a multi-disciplinary industrial services company incorporated in 2011, delivering end-to-end solutions across fabrication, erection, piping, pressure equipment, prefabricated structures, civil construction, and maintenance. The company specializes in converting engineering plans into functional industrial assets, manufacturing technological frameworks, industrial buildings, girders, heavy modules, platforms, and crane girders critical for plant construction. It also fabricates specialized components including dish ends, crowns, petals, and customized parts such as diesel engine components for railway applications requiring high precision and strict compliance standards. The company serves diverse industries including oil and gas, petrochemicals, refineries, power generation, steel, heavy metals, cement, nuclear power, bridges, metro rail, and bullet train infrastructure. With a workforce exceeding 557 skilled and semi-skilled professionals, Ajwa Projects operates through both controlled off-site workshops and on-site project execution models.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Funding capital expenditure requirements towards acquisition of plant & machinery, transport vehicle/assets - ₹8.10 Cr
- › Repayment or prepayment, in full or in part, of borrowings availed by Company - ₹9.35 Cr
- › Working Capital Requirement - ₹4.00 Cr
- › General Corporate Purposes - ₹4.43 Cr
✅ Strengths
- ✓ Promoters possess over two decades of extensive industry experience in fabrication and operations.
- ✓ Integrated service portfolio spanning fabrication, piping, erection, civil works, and maintenance.
- ✓ Robust and diversified order book valued at ₹42.43 Cr across multiple infrastructure sectors.
- ✓ Flexible operational execution model utilizing both controlled off-site workshops and on-site locations.
- ✓ End-to-end execution expertise seamlessly linking component fabrication to on-site installation.
- ✓ Experienced management team
- ✓ Comprehensive Portfolio with Sectoral Diversity
- ✓ Strong and diverse Order Book: As of Sep 30, 2025, its order book stood at Rs 1,982.05 lakhs.
- ✓ Quality and Safety Framework
- ✓ Skilled Workforce and Operational Capability
⚠️ Risks
- ! Substantial revenue dependency on a limited client base exposes the company to customer concentration risk.
- ! High geographic concentration with over 90% of revenues derived from projects located in Gujarat.
- ! Both registered office and primary workshop properties are held on short-term lease agreements.
- ! Execution heavily depends on the timely availability and retention of skilled and unskilled labor.
- ! Operations rely significantly on client-specified and nominated vendors for key raw materials.