Mission Statement, Vision, & Core Values (2025) of Engineers India Limited.

An Overview of Engineers India Limited

General Summary of Engineers India Limited

Engineers India Limited (EIL), established in 1965, is a premier engineering consultancy and EPC (engineering, procurement, and construction) company. The company specializes in the oil and gas, petrochemicals, and infrastructure sectors.

EIL offers a diverse range of products and services, including:

• Consultancy services for refining and petrochemical projects
• EPC services for process plants
• Project management and engineering services
• Environmental management and safety consulting

As of 2024, EIL reported sales of approximately ₹3,500 crores (around USD 420 million), reflecting a robust growth driven by increasing demand in its core sectors.

Company's Financial Performance in the Latest Financial Reports

In the latest financial report for the fiscal year ending March 2024, Engineers India Limited announced record-breaking revenue of ₹4,100 crores (approximately USD 490 million), representing a growth of 15% year-on-year. This performance was primarily driven by:

• Increased sales in the refinery segment, contributing ₹2,200 crores
• Petrochemical project revenues of ₹1,200 crores
• Infrastructure project revenues totaling ₹700 crores

The net profit for the same period surged to ₹800 crores (around USD 96 million), achieving a profit margin of 19.5%. The company's order book as of March 2024 stood at a historic high of ₹10,000 crores, emphasizing its strong market position.

Introduction to Engineers India Limited as a Leader in the Industry

Engineers India Limited is recognized as one of the leading companies in the engineering consultancy and EPC sector in India. The company has carved out a significant presence both domestically and internationally, managing numerous large-scale projects across various sectors.

With a focus on innovation, sustainability, and operational excellence, EIL continues to stay ahead in a competitive marketplace. Its strategic partnerships and commitment to quality have made it a preferred choice for clients worldwide. To discover more about how Engineers India Limited maintains its success and leadership in the industry, readers are encouraged to delve deeper into its operations and strategic initiatives.

Mission Statement of Engineers India Limited

Mission Statement Overview

The mission statement of Engineers India Limited (EIL) serves as a guiding framework for the organization's long-term goals and strategies. It reflects the company's commitment to delivering excellence in engineering, project management, and consultancy services, primarily for the oil and gas sector. With a focus on sustainability and innovation, the mission statement underpins EIL’s core values and operational directives.

Core Component 1: Commitment to Quality

Engineers India Limited emphasizes a strong commitment to quality in all its projects and services. This commitment is realized through adherence to international standards and continuous improvement processes. In FY 2022-23, EIL achieved a remarkable project completion rate of 98% within budget and schedule, showcasing its dedication to quality management.

This emphasis on quality has positioned EIL as a trusted partner for various projects in India and overseas, significantly enhancing its brand reputation and market share.

Core Component 2: Innovation and Growth

EIL recognizes that innovation is crucial for sustaining growth in the competitive engineering sector. The company invests approximately 5% of its annual revenue into research and development initiatives. This investment has led to the development of advanced technologies, such as digitally integrated project management tools, which optimize resource allocation and project execution.

In the last financial year, EIL secured new contracts worth approximately INR 15 billion in innovative project solutions, a testament to its forward-thinking approach.

Core Component 3: Sustainability and Social Responsibility

Engineers India Limited’s mission statement articulates an unwavering commitment to sustainability and corporate social responsibility (CSR). In FY 2022-23, the company reduced its carbon footprint by 20% through various green initiatives, such as implementing eco-friendly technologies and practices in its projects.

• Investment in renewable energy projects: INR 1 billion
• Community development programs: Over 45,000 beneficiaries
• Waste reduction initiatives leading to a 30% reduction in waste generation

EIL’s dedication to sustainability not only aligns with global environmental goals but also enhances its competitive edge in securing future contracts where sustainability is a key criterion.

Vision Statement of Engineers India Limited

Vision Statement Overview

Engineers India Limited (EIL) has articulated a vision statement for 2024 that encapsulates its ambition to be a pioneering engineering and technology service provider in the energy and infrastructure sectors. The focus is on sustainable growth, innovation, and delivering high-quality services. As of the last fiscal year, EIL recorded a revenue of ₹2,717 crore, demonstrating its robust presence in the industry.

Strategic Objectives

The strategic objectives underpinning EIL's vision include:

• Enhancing operational efficiency through digitization and technological advancements.
• Expanding project footprints both domestically and internationally.
• Fostering innovation to meet emerging energy demands.
• Commitment to sustainable practices in engineering projects.

Long-term Aspirations

EIL aims to achieve a market capitalization of ₹15,000 crore by 2025. The company is focusing on diversifying its service portfolio to include renewable energy projects, which accounted for approximately 30% of new project wins in FY2023.

Commitment to Sustainability

The vision statement emphasizes a commitment to sustainable development. EIL's goal is to reduce carbon emissions by 50% by 2030 through the integration of eco-friendly practices in all its projects. As a benchmark, the organization has achieved a reduction of 20% in emissions in the last fiscal year.

Market Leadership Aspirations

As part of its vision, EIL aims to be among the top three engineering firms in Asia by 2025. This ambition is reflected in its recent projects, with a pipeline worth over ₹10,000 crore under execution. EIL is also competing for major contracts in the Middle East and Southeast Asia.

Financial Growth Targets

EIL's financial targets align with its vision, aiming for a compound annual growth rate (CAGR) of 12% over the next five years. This goal is underpinned by strategic investments in technology and human resources, and a focus on project execution excellence.

Conclusion on Vision Statement

The vision statement of Engineers India Limited for 2024 reflects an ambitious yet achievable roadmap focused on growth, sustainability, and innovation. The commitment to enhancing operational efficiency and expanding market reach positions EIL as a formidable player in the engineering sector.

Core Values of Engineers India Limited

Integrity

Integrity is a fundamental core value of Engineers India Limited (EIL). It encompasses adherence to moral and ethical principles, fostering trust and transparency in all dealings.

EIL demonstrates its commitment to integrity through rigorous compliance with regulatory standards. In 2023, EIL successfully maintained a compliance rate of 100% with all applicable laws and regulations.

Furthermore, the company has implemented a whistleblower policy that encourages employees to report unethical behavior, ensuring accountability at all levels.

Excellence

Excellence signifies the pursuit of the highest standards in quality and performance across all projects undertaken by EIL.

In 2023, EIL was awarded the Golden Peacock Award for Excellence in Corporate Governance and the National Safety Award for the eighth consecutive year. These accolades underscore EIL’s commitment to delivering superior results.

The company also invested ₹100 crore in advanced technology and training programs to enhance project execution capabilities, ensuring exceptional outcomes and customer satisfaction.

Innovation

Innovation is at the heart of EIL's operations. The company embraces new ideas and technologies to enhance efficiency and effectiveness.

In 2023, EIL launched the 'Digital EIL' initiative, which leverages digital tools to streamline project management. This initiative resulted in a projected cost savings of 15% across major projects.

Moreover, EIL has partnered with technology firms to develop sustainable solutions, including a project aimed at reducing carbon emissions by 20% by 2025.

Teamwork

Teamwork emphasizes collaboration and synergy among employees, partners, and stakeholders to achieve common goals.

EIL has implemented a cross-functional team approach for project implementation, which has led to a 30% improvement in project delivery timelines in 2023.

Additionally, the company conducts regular team-building workshops, with over 500 employees participating annually, fostering a culture of cooperation and mutual respect.

Customer Centricity

Customer centricity focuses on understanding and meeting the needs of clients, ensuring satisfaction and loyalty.

In 2023, EIL achieved a customer satisfaction rating of 92%, based on feedback from over 1,000 clients, highlighting the effectiveness of its service delivery.

EIL has launched a dedicated customer support platform that resolves inquiries within 24 hours, enhancing customer experience and engagement.

Sustainability

Sustainability reflects EIL’s commitment to environmental stewardship and social responsibility in its operations.

The company has set ambitious goals to reduce its water consumption by 25% by 2025, alongside implementing waste management initiatives that decreased waste generation by 10% in 2023.

EIL has also invested in community development projects, contributing ₹50 crore to various initiatives focused on education and health in rural areas.