EPACK Prefab, a leading Pre-Engineered Building (PEB) company has secured $20 million in its first funding round from GEF Capital Partners, a global private equity firm.
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The funding is expected to improve the company’s manufacturing capacity at its sophisticated production units—Greater Noida, Ghiloth in Rajasthan, and Mambattu in Andhra Pradesh—that boast an overall manufacturing capacity of over 133,924 MT per annum.
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Funds will be applied towards capex expansion and growth initiatives inclusive of upgrading production capacity, speeding up new product development, and broadening coverage within the country. Furthermore, the funding will be used to improve research and development on the application of energy-efficient, prefabricated construction technologies.
Commenting on the first round of funding, Mr. Sanjay Singhania, Managing Director of EPACK Prefab, said, “This funding is a testament to our vision and the capabilities of Prefabrication and PEB technologies. It strengthens our resolve to revolutionize construction practices by delivering innovative, sustainable, and rapid building solutions. This milestone energizes us to set new benchmarks for the industry.”
Mr. Nikhel Bothra, Executive Director of EPACK Prefab, added, “We are thrilled to have the support of a global climate fund as we continue to lead the transition towards sustainable construction practices through prefabricated and PEB solutions. This funding empowers us to invest further in cutting-edge technologies and expand our footprint while maintaining a strong focus on sustainability.”
Mr. Krishnan Ganesan, Managing Director at GEF Capital Partners said, “Modular construction technologies play a key role in decarbonization of the construction sector with their lower GHG footprint and higher climate resilience. We are excited to partner with EPACK Prefab in their effort to catalyse sustainable practices in the construction industry through their offerings.”
About EPACK Prefab
EPACK Prefab was founded in 1999. It is skilled in engineering, fabrication, and project management, offering comprehensive pre-engineered building solutions for various industries. EPACK Prefab has advanced manufacturing facilities for cold roll-formed sections in various intricate profiles. These cater to different industries, including airport terminals, logistics, construction, automobiles, railways, material handling, power generation, hospitals, schools, and more.
