Aarvi Encon is a technical staffing solutions company. They provide engineers/designers/technicians right from conceptualization of the project to design to construction to pre-commissioning & commissioning to operations & maintenance of the plant.
They have two divisions
Their customers include Vedanta, L&T, Reliance Industries, HPCL, BPCL, IOCL, Cairn, Gujarat State Petronet, GNFC, GSFC and Engineers India.
Their end user industries include oil & gas, power, LNG, PNG, refinery, petrochemical, pipeline, wind power, solar power, offshore, E&P, infrastructure, ports & terminals, telecom, fertilizers, cement, automobile, metro & monorail, railway, metals and minerals, and information technology.
They have expanded their operations internationally. They have created a new step-down subsidiary, Aarvi Encon LLC (under Aarvi Encon FZE) to cater to Oman; a direct subsidiary, Aarvi Encon Services to cater to the UK; Aarvi Encon Staffing Services to cater to Qatar. They are also targeting Indonesia and Malaysia as potential markets
Margins are higher in international business
As of Q3FY22, promoter holding was 73.47%. Promoters are highly experienced.
They were featured in Business Today magazine
The industry is highly fragmented
They have recently been receiving many new orders
They added five new clients in Q3FY22
Disc- no holdings as of now
Edit- added a small tracking position
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