Building the next growth engine, Electromech Infraprojects marches ahead
When Varun Maniar joined his father’s business, Electromech Infraprojects Pvt Ltd was a relatively small company with revenue of about Rs13 crore and a team of 30 people. Today, just over a decade later, the Mumbai-based company has emerged as a specialised engineering and construction platform focused on data centres and other mission-critical infrastructure. Having closed 2025-26 with revenue of about Rs500 crore, the company is targeting about Rs700 crore in 2026-27.
Electromech was established towards the end of 2013, initially building captive data centres for multi-national banks setting up offices in India. Its early customers included global financial institutions requiring specialised data rooms, trading floors and other critical infrastructure. Maniar, MD, Electromech, had earlier worked in investment banking and finance in the US and the UK. After joining the company, he spent two years understanding the construction industry, its economics and best practices before scaling the business nationally from 2015. He holds a degree in electrical engineering from the Georgia Institute of Technology and is a CFA charterholder.
His decision to return to the family business was driven partly by a desire to build something hands-on. He found the opportunity to run a business more attractive, because it allowed him to take on multiple roles, from project management and finance to human resources and strategy.
Electromech's growth strategy was built around a deliberate choice to specialise. Rather than compete for conventional construction projects, the company focused on technically complex facilities, where time, technology and execution capabilities mattered. "We got defined by what we don't do," says Maniar. The company stayed away from hotels, malls and residential buildings and concentrated on commercial offices for multinational clients and technically dense, time-sensitive projects.
MEPGC platform
This positioning proved valuable when India's data-centre industry began to take off in 2019 or thereabouts. As hyper-scalers expanded their digital infrastructure in India, the company found a natural extension for its capabilities. Initially focused on electrical systems, the company expanded into electrical, mechanical, plumbing, IT infrastructure and related services from 2021-22 onwards, transforming itself into a full-scale MEPGC (mechanical, electrical, plumbing and general contracting) platform.
Today, Electromech has built or is building close to 350 MW of data-centre capacity across multiple projects in India. The portfolio ranges from a 2 MW facility executed in 2019 to a 50 MW project under development, while the company is bidding for projects of up to 150 MW.
The opportunity ahead is substantial. India is expected to add several gigawatts of data-centre capacity, driven by cloud adoption, artificial intelligence and increasing digitisation. Electromech wants to build an organisation capable of executing at least 20 per cent of the country's incremental data-centre capacity over the longer term. "That is our strategy,” affirms Maniar. “That is what we are building towards".
The company operates across the MEP spectrum once the core and shell of a building are ready. In a typical data-centre project, Electromech estimates that its scope accounts for 20-30 per cent of total capital expenditure, excluding racks.
The company is also moving towards specialised backward integration. It has invested in DFMA (Design for Manufacture and Assembly), enabling MEP modules to be manufactured in a factory and assembled at the project site. It is also exploring liquid-cooling infrastructure and partnerships with global OEMs to improve execution and enable faster project delivery.
Data centres account for 50-80 per cent of Electromech's revenue today, depending on the year. However, the company, backed by 600 employees, wants to emerge as a diversified mission-critical infrastructure player. Semiconductor facilities, advanced manufacturing plants, warehouses and defence-related facilities are among the other areas it is targeting. Its expansion is also moving beyond India, with offices in the UAE and Saudi Arabia and plans to explore data-centre and other construction opportunities in the Middle East.