In a sector as critical and capital-intensive as water infrastructure, one company is making waves with its bold vision, robust execution, and phenomenal growth trajectory: KCPL (Kevadiya Construction Private Limited). Headquartered in Ahmedabad, Gujarat, KCPL is rapidly emerging as a next-generation leader in India’s EPC (Engineering, Procurement, and Construction) landscape, particularly in water supply, sewage treatment, and wastewater management.
From Modest Beginnings to a ₹7000+ Crore Order Book
Founded in 2013 by Mr. Naresh Kevadiya, a visionary with over 20 years of experience in EPC projects, KCPL has evolved from a subcontracting entity into a prime contractor with one of the highest bid-to-win ratios in the industry (80%+). The company’s first year clocked a turnover of ₹73 crore. A decade later, it is projecting a revenue of over ₹2700 crore by FY28, powered by a rapidly growing and well-diversified order book.
With more than ₹3,000 crore in unexecuted orders and a bidding pipeline worth ₹5000+ crore, KCPL is not just growing—it is scaling smartly and sustainably. Projects are funded by marquee institutions like the World Bank, ADB, AMRUT, and Smart City Missions, ensuring strong financial backing and execution security.
Riding the Wave of Government Infrastructure Initiatives
India’s water infrastructure segment is poised for an unprecedented boom. With government initiatives such as the Jal Jeevan Mission (Urban & Rural), AMRUT 2.0, Namami Gange, and the National River Linking Project, the country is seeing a capital outlay exceeding ₹10 lakh crore.
KCPL has strategically positioned itself to ride this wave. With operations across six states and plans to enter high-potential regions like Delhi, Andhra Pradesh, and the Northeast, KCPL is focusing on underserved and high-growth areas. These regions are already showing strong state-level budget allocations for water infrastructure, playing right into KCPL’s strengths.
Also read blog on Investor-Backed and IPO-Ready: What Makes Onix Renewable a Blue-Chip in the Making
What Sets KCPL Apart
KCPL is not just another EPC company; it brings structural advantages that set it apart:
- In-house project design team: This allows the company to optimize project costs, minimize execution risk, and improve timelines.
- Experienced execution team: Led by a promoter who co-founded Krishna and Afil Constructions, the company has deep technical expertise and execution depth.
- Strong financial discipline: KCPL maintains low receivable days, controlled working capital, and a healthy EBITDA margin of over 24% projected for FY26.
- Reliable funding sources: With 90%+ of projects funded by international and central agencies, KCPL faces negligible credit risk.
Growth Backed by Numbers
The company’s financial trajectory is a testament to its robust model. From a modest ₹275 crore in FY24 revenue, KCPL is projected to grow at a CAGR of over 120% to reach ₹2700 crore in FY28. EBITDA is expected to rise from ₹46 crore in FY24 to over ₹638 crore by FY28, maintaining strong profitability throughout. PAT margins are forecasted to hold steady at 16-17%, making KCPL not just a growth story, but a profitable one.
Notably, the Kevadiya Construction Private (KCPL) Limited Unlisted Share has started attracting attention from savvy investors, thanks to the company’s strong order book and predictable revenue model.
Conclusion: A National Player in the Making
With strong fundamentals, visionary leadership, and a strategic position in one of India’s most pressing infrastructure sectors, KCPL is primed to become a national EPC powerhouse. As the country marches forward to meet its clean water and sanitation goals, KCPL stands ready to lead the charge—from Gujarat to every corner of the nation.
Investors, policymakers, and partners would do well to keep their eyes on this rising giant. The next decade of India’s water infrastructure story may well be written with KCPL at its core.