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Top 10 EPC Companies in India (2025)

The largest Engineering, Procurement & Construction companies in India — ranked by order book, revenue, and C-suite leadership complexity.

Updated 2025-04-11By Gladwin Research Desk

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Quick Reference

Rank	Company	India HQ	Headcount	Hiring
#01	L&T	Mumbai	~55,000+ (infrastructure division)	🟢 Active
#02	Tata Projects	Mumbai	~12,000+	🟢 Active
#03	Shapoorji Pallonji	Mumbai	~70,000+ (group)	🟢 Active
#04	Afcons	Mumbai	~15,000+	🟢 Active
#05	NCC	Hyderabad	~15,000+	🟢 Active
#06	KEC International	Mumbai	~30,000+ (global)	🟢 Active
#07	Kalpataru	Mumbai	~10,700+	🟢 Active
#08	IRB Infrastructure	Mumbai	~10,000+	🟢 Active
#09	MEIL	Hyderabad	~50,000+ (group)	🟢 Active
#10	HCC	Mumbai	~10,000+	🟢 Active

#01

Larsen & Toubro Limited

L&T

India since 1938Mumbai~55,000+ (infrastructure division)Order book: ₹5,64,223 Cr (Dec 2024)

Scale●●●●●

Leadership Investment●●●●●

Growth Trajectory●●●●●

India Authority●●●●●

Leadership Profile

•India's largest and most diversified EPC company — infrastructure, power, defence, hydrocarbon, and technology
•MD & CEO succession is one of the most closely watched executive appointments in Indian industry
•L&T Board runs a formal succession planning process for all Whole-Time Directors

Hiring Signals

🟢Order book at ₹5.64 lakh crore — sustained multi-year pipeline driving leadership demand
🟢International EPC expansion in the Middle East, Africa, and Southeast Asia driving global leadership hires
🟢Defence and semiconductor manufacturing verticals require new functional leadership profiles

Roles Typically Hired

MD & CEOCFOCOOHead of Infrastructure DivisionHead of DefenceHead of International OperationsCHRO

Larsen & Toubro is India's largest EPC company by every measure — order book (₹5.64 lakh crore as of December 2024), revenue (INR 2,55,734 Cr group FY25), and scope. L&T operates across infrastructure, power, hydrocarbon, defence, shipbuilding, and technology — a conglomerate with EPC at its core. The leadership team manages a portfolio of extraordinary complexity: simultaneous execution of 1,000+ projects across 50+ countries.

L&T's scale and breadth — from roads and metros to defence systems and semiconductors — makes it the most complex and consequential leadership search environment in Indian infrastructure.

Last updated April 2025Website

#02

Tata Projects Limited

Tata Projects

Tata Group / Tata SonsIndia since 1979Mumbai~12,000+Revenue: ~₹20,000+ Cr (estimated FY2024)

Scale●●●●●

Leadership Investment●●●●●

Growth Trajectory●●●●●

India Authority●●●●●

Leadership Profile

•Built the New Parliament Building in New Delhi — India's most visible EPC project of the decade
•MD & CEO reports directly to Tata Sons Board — highest governance standard in Indian EPC
•Leadership culture combines Tata's institutional governance with aggressive project execution

Hiring Signals

🟢Rapid order book growth — moving from ₹10,000 Cr to ₹20,000+ Cr in three years
🟢Power transmission, urban infrastructure, and industrial projects driving leadership demand
🟢Professionalising finance, risk, and digital functions at pace — multiple C-suite hires in motion

Roles Typically Hired

MD & CEOCFOCOOHead of Power DivisionHead of Urban InfrastructureCHROHead of Digital & Technology

Tata Projects, a Tata Sons company, has emerged as India's fastest-growing major EPC contractor — best known for building the New Parliament Building in New Delhi. The company operates across power, railways, urban infrastructure, and industrial projects, combining Tata's institutional governance with aggressive project execution. It is one of the most attractive EPC employers for professional leadership talent.

Tata Projects' institutional brand, rapid growth, and governance depth make it the most attractive EPC company for C-suite candidates — and one of the most active for leadership search.

Last updated April 2025Website

#03

Shapoorji Pallonji & Co.

Shapoorji Pallonji

India since 1865Mumbai~70,000+ (group)Group revenue: ~₹34,000 Cr

Scale●●●●●

Leadership Investment●●●●●

Growth Trajectory●●●●●

India Authority●●●●●

Leadership Profile

•160-year-old construction conglomerate — among India's oldest continuously operating EPC businesses
•Group encompasses civil construction, MEP, real estate, and the Afcons subsidiary (now listed)
•Family-owned with increasing professionalisation — multiple independent professional CEOs at subsidiary level

Hiring Signals

🟢Afcons Infrastructure IPO (October 2024) creating new governance and leadership requirements
🟢Listed subsidiary demands institutional CFO and board-level leadership not typical in family EPC
🟢Professionalisation agenda across group companies driving senior leadership hiring

Roles Typically Hired

Group CEOCFO (Group & Subsidiaries)COOCEO AfconsHead of Real EstateCHRO

Shapoorji Pallonji & Co. is one of India's oldest construction conglomerates, with a 160-year history and a current group revenue of approximately ₹34,000 Cr. The group encompasses civil construction, MEP, real estate, and Afcons Infrastructure — which completed a landmark IPO in October 2024. The IPO marks a significant professionalisation inflection for the group.

The Afcons IPO and ongoing group professionalisation create demand for institutional-grade C-suite leaders comfortable operating in a family-controlled but publicly listed governance environment.

Last updated April 2025Website

#04

Afcons Infrastructure Limited

Afcons

Shapoorji Pallonji GroupIndia since 1959Mumbai~15,000+Revenue: ₹13,647 Cr (FY2024) | Order book: ₹31,747 Cr (Jun 2024)

Scale●●●●●

Leadership Investment●●●●●

Growth Trajectory●●●●●

India Authority●●●●●

Leadership Profile

•IPO completed October 2024 (BSE/NSE: AFCONS) — India's largest EPC IPO of the year
•65 active projects across 12 countries — among the most internationally diversified Indian EPC companies
•Post-IPO governance upgrade driving institutional-grade C-suite appointments

Hiring Signals

🟢Post-IPO: investor relations, institutional governance, and audit committee requirements creating new leadership demand
🟢International project growth requiring globally experienced CFO, COO, and BD leadership
🟢Listed company compliance driving CHRO and legal/compliance leadership hires

Roles Typically Hired

CEOCFO (listed company)COOHead of International OperationsHead of Civil DivisionCHROCompany Secretary

Afcons Infrastructure, a Shapoorji Pallonji subsidiary, completed its landmark BSE/NSE IPO in October 2024 — India's largest EPC listing of the year. With ₹13,647 Cr revenue, a ₹31,747 Cr order book, and 65 active projects across 12 countries, Afcons is simultaneously one of India's most capable EPC contractors and its newest listed company — creating a unique governance and leadership transition moment.

The IPO transition from a family-owned contractor to a listed public company creates immediate demand for institutional-grade C-suite leadership that can serve both the Shapoorji family's interests and public market investors.

Last updated April 2025Website

#05

NCC Limited

NCC

India since 1978Hyderabad~15,000+Revenue: ~₹21,000–22,400 Cr (FY2024)

Scale●●●●●

Leadership Investment●●●●●

Growth Trajectory●●●●●

India Authority●●●●●

Leadership Profile

•India's third-largest listed construction company by revenue
•Diversified across buildings, roads, water, electrical, railways, and metals sectors
•Hyderabad-headquartered with pan-India and international project footprint

Hiring Signals

🟢Water and urban infrastructure segment driving new technical leadership demand
🟢Railway and metro projects creating new BD and project leadership requirements
🟢Finance and risk professionalisation ongoing

Roles Typically Hired

MD & CEOCFOCOOHead of Buildings DivisionHead of InfrastructureCHROHead of International

NCC Limited (formerly Nagarjuna Construction Company) is India's third-largest listed EPC company, with approximately ₹21,000–22,400 Cr revenue and a presence across buildings, roads, water infrastructure, electrical, railways, and metals. Headquartered in Hyderabad, NCC executes projects across India and internationally, led by a professional management team.

NCC's diversified EPC portfolio and listed company governance create sustained demand for functional C-suite leadership across finance, operations, and BD.

Last updated April 2025Website

#06

KEC International Limited

KEC International

RPG GroupIndia since 1945Mumbai~30,000+ (global)Revenue: ₹19,914 Cr (FY2024, +15% YoY) | Order book: ₹32,715 Cr (Jun 2024)

Scale●●●●●

Leadership Investment●●●●●

Growth Trajectory●●●●●

India Authority●●●●●

Leadership Profile

•RPG Group's flagship infrastructure company — 80+ years of EPC execution
•Global operations across 105+ countries in power transmission, railways, civil, and oil & gas
•MD & CEO succession and international business leadership are key C-suite search themes

Hiring Signals

🟢15% revenue growth YoY — order book at ₹32,715 Cr driving leadership expansion
🟢Railways and civil infrastructure segments growing rapidly — new functional heads needed
🟢International operations (Middle East, Africa, Americas) driving globally experienced leadership demand

Roles Typically Hired

MD & CEOCFOHead of International BusinessCOOHead of RailwaysCHROHead of Civil Infrastructure

KEC International, an RPG Group company, is India's leading power transmission and diversified EPC company — with operations in 105+ countries and a ₹32,715 Cr order book. Established in 1945, KEC has built a global reputation in power T&D, railways, civil infrastructure, and oil & gas EPC. Its 15% revenue growth in FY2024 reflects a sustained expansion trajectory.

KEC's global footprint across 105+ countries and multi-sector EPC capability make it one of the most complex and internationally demanding leadership environments in Indian infrastructure.

Last updated April 2025Website

#07

Kalpataru Projects International Limited

Kalpataru

India since 1981Mumbai~10,700+Revenue: ₹19,697 Cr (FY2024, +19.7% YoY) | Order book: ₹57,195 Cr (Jun 2024)

Scale●●●●●

Leadership Investment●●●●●

Growth Trajectory●●●●●

India Authority●●●●●

Leadership Profile

•Fastest revenue growth among large-cap listed EPC companies — 19.7% YoY in FY2024
•Order book at ₹57,195 Cr — the highest order-book-to-revenue ratio among the top EPC companies
•Operating across 40+ nationalities with 10,700+ employees — genuinely global EPC leadership

Hiring Signals

🟢₹57,195 Cr order book demands multi-year senior leadership pipeline expansion
🟢International projects in the Middle East, Americas, and Europe require globally experienced leaders
🟢Buildings and factories segment growing — new vertical leadership required

Roles Typically Hired

MD & CEOCFOCOOHead of Power T&DHead of RailwaysHead of Buildings & FactoriesCHRO

Kalpataru Projects International is among the fastest-growing listed EPC companies in India — 19.7% revenue growth in FY2024 and an order book of ₹57,195 Cr (the highest ratio to revenue among large EPC players). Operating across power T&D, railways, civil infrastructure, and buildings across 40+ nationalities, Kalpataru's leadership environment is genuinely international.

Kalpataru's combination of exceptional order book growth and international multi-sector operations creates one of the most dynamic C-suite leadership search environments in Indian EPC.

Last updated April 2025Website

#08

IRB Infrastructure Developers Limited

IRB Infrastructure

India since 1998Mumbai~10,000+Revenue: ~₹8,500 Cr (estimated FY2024)

Scale●●●●●

Leadership Investment●●●●●

Growth Trajectory●●●●●

India Authority●●●●●

Leadership Profile

•India's largest private highway developer and BOT (Build-Operate-Transfer) operator
•Manages and operates 20,000+ km of road network — ongoing operational leadership at scale
•InvIT structure (IRB InvIT Fund) creates simultaneous listed fund and operating company leadership requirements

Hiring Signals

🟢Active NHAI project bidding — new project wins requiring project director and CFO hires
🟢InvIT fund management and investor relations creating new finance leadership demand
🟢Digital toll and traffic management leadership emerging

Roles Typically Hired

MD & CEOCFO (Operating Co)CFO (InvIT)Head of Asset ManagementCOOHead of Project Finance

IRB Infrastructure is India's largest private highway developer and BOT operator, managing over 20,000 km of road network. Its dual structure — as both an operating EPC company and manager of the listed IRB InvIT Fund — creates uniquely complex leadership requirements spanning EPC execution, asset management, and institutional investor relations.

IRB's hybrid operating company and InvIT fund structure demands C-suite leaders who can simultaneously manage construction execution and institutional investor expectations — a rare and premium search profile.

Last updated April 2025Website

#09

Megha Engineering & Infrastructures Limited

MEIL

India since 1989Hyderabad~50,000+ (group)Group revenue: ~₹30,000 Cr (estimated)

Scale●●●●●

Leadership Investment●●●●●

Growth Trajectory●●●●●

India Authority●●●●●

Leadership Profile

•India's fastest-growing large-scale EPC company — from regional contractor to national powerhouse in a decade
•Dominant position in irrigation, water supply, power, and roads — particularly in South and Central India
•Family-owned with selective professionalisation — multiple independent CEOs and CFOs at subsidiary level

Hiring Signals

🟢Massive order book from Telangana, AP, and central government water and irrigation projects
🟢Professionalisation agenda creating senior CFO, CHRO, and legal leadership demand
🟢International EPC ambitions (Middle East, Africa) requiring globally experienced leadership

Roles Typically Hired

Group CEOCFOHead of Water & IrrigationHead of PowerCHROHead of International Business

Megha Engineering & Infrastructures Limited (MEIL) has risen from a regional contractor to one of India's largest EPC companies in under two decades. With an estimated group revenue of ~₹30,000 Cr, MEIL dominates irrigation, water supply, and power infrastructure — particularly in South India — while expanding into roads, international markets, and defence. It is one of the most rapid ascents in Indian infrastructure history.

MEIL's rapid scale-up and professionalisation agenda create exceptional leadership hiring opportunities for C-suite candidates who can build institutional frameworks in a high-growth, founder-led environment.

Last updated April 2025Website

#10

HCC (Hindustan Construction Company)

HCC

India since 1926Mumbai~10,000+Revenue: ~₹4,000–5,000 Cr (estimated)

Scale●●●●●

Leadership Investment●●●●●

Growth Trajectory●●●●●

India Authority●●●●●

Leadership Profile

•100-year legacy in India's most complex EPC segments — tunnels, hydro power, nuclear, and bridges
•Executed landmark projects including the Bandra-Worli Sea Link, Bogibeel Bridge, and multiple DRDO nuclear facilities
•Leadership team manages a complex balance of project execution and financial restructuring

Hiring Signals

🟢Nuclear and defence infrastructure project revival creating senior technical leadership demand
🟢Financial restructuring and NCLT resolution creating new board and senior finance leadership requirements
🟢Hydro power revival (Pumped Storage) creating new project director demand

Roles Typically Hired

MD & CEOCFOHead of Tunnelling & UndergroundHead of Hydro PowerCOOHead of Nuclear Infrastructure

HCC (Hindustan Construction Company), founded in 1926, has built some of India's most iconic and technically complex infrastructure — the Bandra-Worli Sea Link, the Bogibeel Rail-Road Bridge, and multiple nuclear and defence facilities. Currently navigating a financial restructuring, HCC's leadership team manages a uniquely demanding mandate: sustaining technical excellence while rebuilding institutional financial strength.

HCC's legacy in India's most technically demanding EPC segments — nuclear, hydro, tunnels, and bridges — creates specialist leadership demand unlike any other EPC company in the country.

Last updated April 2025Website

How We Ranked

Ranked by a composite of FY2024 order book (primary), revenue, project complexity (multi-state, multi-sector, international), leadership depth (C-suite structure, succession indicators), and growth trajectory. Sources: BSE/NSE filings, annual reports, CRISIL industry research, and company press releases. All financial figures in Indian Rupees (Crore); FY = April–March.

Data Sources

Company filings, NASSCOM, industry association reports, press releases, regulatory disclosures, and proprietary Gladwin research.

Ranking Criteria

Scale, Leadership Investment, Growth Trajectory, and India Authority — each scored 1–5 by the Gladwin Research Desk.

Update Cadence

Reviewed quarterly by the Gladwin Research Desk. Last updated 2025-04-11.

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