Fabtech Technologies Limited

Fabtech Technologies Limited is a Mumbai based engineering company that designs and builds the physical facilities in which medicines are made. It supplies turnkey projects to the pharmaceutical, biotechnology and healthcare industries, taking a project from design and engineering through procurement, manufacturing, installation, testing and commissioning. Its core work is cleanroom construction, modular wall and ceiling systems, heating and ventilation systems, and process equipment, all of which must meet the regulatory standards that govern drug manufacturing. The company was incorporated in 2018 and operates as part of the wider Fabtech group. It works on an asset light basis, keeping in house design and software capability while relying on group entities and outside suppliers for a good deal of the equipment it installs. Its order book is spread across a range of geographies, clients and project types, and it has executed work for customers in more than sixty countries across the Middle East, Africa, Asia, Europe and the Americas. It employed roughly 185 permanent staff at the time of the offer. Revenue rose from about 200 crore rupees in FY2023 to roughly 336 crore rupees in FY2025, with profit after tax climbing from about 22 crore to 46 crore over the same period, and returns on equity in the high twenties. The business is project driven, so its results depend on winning and completing a relatively small number of large contracts. Only a modest fraction of the proposals it submits convert into orders, an order book is not a guarantee of revenue if a project slips or is cancelled, and a lapse in quality on a regulated facility would carry both commercial and reputational cost.