Engineering Startup 'Mytek Innovations' readies for Major Expansion with 729 crore Order Book


Engineering Startup 'Mytek Innovations' readies for Major Expansion with Rs. 729 crore Order Book

Mytek Innovations, an AI-powered project management platform leader, is well positioned for the biggest growth story of FY 2024-25 with an Order Book of 729 crore and expected to triple its revenue This is a transformative year for the company as it scales operations, strengthens its market position, and continues driving efficiency in engineering, procurement, and construction (EPC) project management. Despite an EBITDA projection of 20.21% +, the company is focused on improving operational efficiencies and moving toward more profitability in the coming years.

Mytek Innovations has grown exponentially by using AI and digital automation to optimize large-scale infrastructure projects. Its AI-driven platform optimizes project execution, streamlines operations, reduces costs, and mitigates risks, while Mytek Capital provides customized working capital financing solutions to ensure that funding and project execution are smooth.

"With a robust 3000 crore pipeline, demand for Mytek's cutting-edge AI-powered solutions is on fire. As infrastructure is rapidly evolving, we're leading the revolution – empowering companies to execute projects faster, smarter, and in a cost-efficient manner. With our platform handling 250 crore of project inquiry every week by SMEs, we have just shown that industry needs such ease and efficiency" Shivkumar Borade Founder & CMD, Mytek Innovations.

Given the fast rate of growth, Mytek is handling projects strategically across Maharashtra, Punjab, Karnataka, Goa, and Telangana while ready to scale out into the Middle East and Africa. To drive its momentum, the company is investing prudently in frontier technology, strategic partnerships, and talent acquisition to ensure the strength and sustainability of the growth curve.

"Mytek Innovations focuses on driving efficiency in project management. Using leading-edge technology, our platform doesn't only develop detailed, actionable project plans but also focuses on reducing completion costs by 10-12%. This ensures that businesses stay within budget while producing timely and quality results, said Ashwajeet Wankhede, Director and Co-Founder of Mytek Innovations.

 

Source: Press Release