HVAX Technologies Ltd – Company Report
1. Company Overview
HVAX Technologies Ltd, founded in 2010 and headquartered in Mumbai, Maharashtra (with operational bases in Surat and across India), is a leading provider of turnkey engineering, procurement, and project integration solutions for controlled environments and cleanroom infrastructure. The company’s expertise spans cleanroom construction, HVAC systems, air handling units, electrical panels, laminar devices, BMS systems, and allied pharmaceutical infrastructure solutions. HVAX is known for its integrated execution model, in-house manufacturing capabilities, and precision-driven delivery across sectors such as pharmaceuticals, biotech, hospitals, electronics, and high-reliability engineering.
In FY2025, HVAX was successfully listed on the National Stock Exchange (NSE), enhancing its institutional visibility and establishing a platform for future growth.
- Incorporated: November 26, 2010
- Headquarters: Mumbai, Maharashtra, India
- CEO/Chairman: Nirbhaynarayan S. Singh
- Employees: 200–500 (estimated, FY2025)
- Business Model: Turnkey project execution, in-house component manufacturing, engineering consultancy
- Stock Exchange: NSE (Listed in FY2025)
- Certifications: ISO and pharmaceutical regulatory compliance for controlled environments
2. Products and Services
HVAX Technologies operates as a single-source provider, delivering a wide spectrum of integrated solutions:
Cleanroom Infrastructure and Controlled Environments
- Turnkey design, engineering, construction, and validation for pharmaceutical and healthcare sectors
- In-house manufacturing of cleanroom panels, doors, HVAC systems, ducting, AHUs, and laminar flow equipment
- Specialized components including pass boxes, electrical panels, containment units, modular partitions, and custom solutions
Project Consulting and Engineering
- Conceptual design and engineering for pharma, biotech, OSD (Oral Solid Dosage), filling lines, and contamination-controlled facilities
- Expertise in BMS (Building Management Systems), airflow optimization, and facility layout planning
Allied Digital and Automation
- Integration of automation, energy efficiency, and digital control systems into cleanroom environments
- Custom solutions for optimized man/material flow and process traceability
Service Reach
- Pan-India execution with a growing international footprint across Asia and Africa
- Strong track record of repeat business and new client acquisitions globally
3. Recent News and Financial Performance
Business Highlights:
- FY2025 was described by the company as a "transformative and defining year", highlighted by its successful NSE listing and key operational upgrades.
- Major investments were made in digital tools and capacity expansion to support future scale.
- International growth accelerated, with repeat orders and entry into new markets across Asia and Africa.
- Exploring diversification into contamination-compliant infrastructure for sectors like healthcare, solar, and semiconductors.
4. Financial Performance (FY2025)
| Metric | FY2025 Value | YoY Growth |
|---|---|---|
| Total Revenue | ₹131.4 crore | 22.3% |
| EBITDA | ₹19 crore | 31.5% |
| EBITDA Margin | 14.4% | +101 bps |
| Net Profit (PAT) | ₹11 crore | 29.7% |
| PAT Margin | 8.4% | - |
| EPS | ₹39.76 | - |
| Debt Status | Moderate, project-linked | - |
| Dividend | Not Declared | - |