About Vascon Engineers Limited

Vascon Engineers Limited is an India-based Engineering, Procurement and Construction (EPC) and Real Estate Development company incorporated on January 1, 1986. Its shares are listed on the National Stock Exchange and the Bombay Stock Exchange, and its corporate office is in Pune (Vascon Weikfield Chambers, Pune Nagar Road). Over nearly four decades, the company has delivered complex residential, commercial, institutional, industrial and infrastructure projects, combining engineering execution with an asset-light real estate model.

From its base in Pune, Vascon’s footprint spans more than 30 cities across India, including Mumbai, Goa, Nashik, Coimbatore, Chennai and Bengaluru. Major branch locations include Lucknow (Uttar Pradesh), Chennai, Mumbai, Goa and Coimbatore, underscoring a pan-India presence. The company operates through two subsidiaries as of March 31, 2025. 

Vascon Engineers Limited Milestone 

Key milestones highlight a steady evolution: founded as an EPC firm in 1986 and entering the residential segment in 1989; completing Nucleus Mall, Pune, in 2005; and securing recognition for landmark projects in the 2000s. Strategic steps since 2016 include an NCLT-approved merger of 11 wholly owned subsidiaries (2017), entry into affordable housing (2019), record new work orders in 2024 with entry into the Mumbai redevelopment segment, and a CRISIL rating upgrade to A– alongside a Rs 331 crore win for Government Medical College (Sindhudurg) in 2025. The EPC order book stood at Rs 2,825 crore in 2025, reflecting robust visibility.

Vascon Engineers Limited’s Key Management

• Mukesh Satpal Malhotra – Independent Director and Chairman of the Board
• Siddharth Vasudevan Moorthy – Managing Director
• Dr. Santosh Pursram Sundararajan – Whole Time Director & Group CEO
• Somnath Biswas – Chief Financial Officer
• Neelam Piyush Pipada – Company Secretary & Compliance Officer

Latest Updates on Vascon Engineers Limited

• Strategic focus sharpened: The company exited non-core businesses, completing the sale of its material subsidiary, GMP Technical Solutions Private Limited, to M/s Shinryo Corporation on October 10, 2024. Two other subsidiaries, Marathawada Realtors Private Limited and Almet Corporation Limited, were sold in March 2025.
• Order book and wins: The EPC order book reached Rs 2,825 crore in 2025; Vascon won a Rs 331 crore project for the Government Medical College, Sindhudurg.
• Credit profile: CRISIL upgraded the company’s long-term rating to A– (Stable) during FY 2024–25, reflecting strengthened fundamentals after strategic realignment.
• Operating momentum: EPC remained the primary growth driver with revenues of Rs 1,007.2 crore in FY 2024–25. Execution progressed across projects such as Mumbai Police Staff Quarters, Medical Colleges with District Hospitals at Kaushambi and Bijnor, Vedanta–Barmer facilities, and Pune MRDA works. Real Estate revenues were Rs 71 crore, with new sales of ~35,000 sq. ft. (Rs 23 crore) and collections of Rs 58 crore; ongoing projects like Goodlife (Talegaon), Tulip Phase III (Coimbatore), Windermere (Pune) and Tower of Ascend (Pune) recorded 73%–95% sales traction.
• Pipeline and markets: Launches and planning activity span Santacruz, Powai, Kharadi and Baner, building on a pan-India footprint across more than 30 cities.