Icon Facilitators Limited (IFL), a prominent player in the North Indian facilities management industry, today unveiled its strategic expansion plans. The company aims to achieve a remarkable milestone of Rs. 100 crores in revenues by the financial year 2027.
To support this ambitious growth trajectory, IFL is actively exploring an initial public offering (IPO). The IPO will provide the company with the necessary capital to expand its client base, strengthen its geographic presence across India, and invest in cutting-edge technologies to enhance its service offerings. Khambatta Securities Limited has been appointed as the book running lead manager to oversee the IPO process, leveraging their expertise in capital markets to facilitate a successful offering.
Commenting on the company's plans, Mr. Dinesh Makhija, Managing Director, Icon Facilitators Limited, said, "We are committed to building long-term sustainable business relationships with our clients to generate increasing revenues. We are planning to continue to expand the scope and range of current services to our existing and new clients by continuing to build our expertise and extend our capabilities. In order to achieve the anticipated growth, we are planning to raise funds through an IPO, and we are confident of achieving Rs. 100 crores in revenues by FY27."
The IFL provides technical facilities management services, such as Electrical System Management Operation, Captive Power Management, STP/ETP and Water Treatment, HVAC Management, Building Management System (BMS), Fire & Safety Equipment, Elevators Escalators Operations & Maintenance and Annual Maintenance contract of E & M Equipment. Having a major presence in Haryana, Uttar Pradesh and Delhi with 72, 37 and 18 sites, respectively, the company also has a presence in other regions, including Rajasthan, with 5 sites, Punjab, and Himachal Pradesh, with 1 site each. IFL has recently opened a new office in Bengaluru as part of its strategic expansion into the southern region of the country and anticipates significant business growth in the region.
IFL primarily provides hard services to industrial, commercial, retail, and residential clients on the B2B model. Its services include maintaining electrical systems and machinery, operating DG sets during outages, managing STP/ETP plants, and ensuring fire safety operations. The company delivers comprehensive technical facility management solutions under one roof, catering to the diverse needs of its clients.
The company serves reputed clients, such as ISGEC Heavy Engineering Limited and Maruti Suzuki, in industrial space and serves Vegas Mall, Eros Metro Mall, East Delhi Mall in commercial space and serves top real estate companies DLF, Tata Housing in residential space. IFL has the privilege to maintain Bharat Mandapam, an iconic building dedicated to promote international trade. It also serves corporates such as Macquarie, Deloitte, HCL, CBRE and JLL.
IFL's promoter, Mr. Dinesh Makhija, has more than 25 years of experience in the technical facility management industry and has been instrumental in determining the vision and growth strategies for the company. Mr. Makhija is actively involved in day-to-day operational needs, legal and compliance-related issues and overall corporate strategy and planning, which is instrumental in the company's growth. The company employs over 1800 people, many of them with significant technical backgrounds and domain expertise in each of the industry verticals.
Icon Facilitators Limited has recorded Rs. 49.84 crore in revenue from operations with a profit (PAT) of Rs. 1.76 crore in the fiscal year 2024, compared with Rs. 42.96 crore and a profit (PAT) of Rs. 1.92 crore in FY23. |
