Bullish on Indian infrastructure sector, French engineering consulting firm Egis has drawn up a €75-million investment program for India to fund development by means of each organic and inorganic routes in the next 5 years. Since it set up base 25 years ago, it has invested about the identical quantity in India till now.
Egis is 75% owned by Caisse des Depots, a French public monetary institution, though the remaining 25% stake is held by companion executives and personnel.
Egis India has about 3,000 personnel on its spend-roll and generates about €40 million income, primarily consultancy costs, in a year. The target is to take up the income to €66 million by 2026 and €75 million by 2027, Laurent Germain, CEO, Egis Group, told FE.
At the group level, Egis clocked €1.2 billion income in 2020 and has set a target of doubling the income by 2026. Currently, one-third of the income comes from France and the remaining from outdoors it. By 2026, 80% of the income need to come from outdoors France.
“I am highly impressed with the Indian growth story especially in the infrastructure space. The government has a huge investment plan in the infrastructure sector. India has a very important place in our scheme of things and going forward, we will aim to further cement our position in India,” he stated.
Elaborating on the company’s inorganic development program, Germain stated Egis has currently initiated talks with a couple of targets in the consultancy, engineering and operation & upkeep space.
“The ticket size of such acquisitions could be in the range of €5-20 million,” he stated.
Corroborating the company’s trust in Indian capabilities and technological prowess, Egis India has lately began a design and style center, its 1st in Asia and second in the planet.
The Gurgaon-based centre is now about 30-seater. The corporation program to raise the capacity to 200 by 2022. The center would cater to the group’s international enterprises.