Larsen & ToubroLarsen & Toubro (L&T), an Indian multinational company founded in 1938 and headquartered in Mumbai, operates across the globe in more than 50 countries. The company specialises in engineering, procurement, and construction (EPC) projects, high-tech manufacturing, and various services. L&T is a major player in vital sectors of the economy, providing end-to-end solutions from design to delivery for a wide range of industries and across industry verticals. Their offerings encompass engineering, construction, technology and manufacturing, including services like hydraulics, hydrocarbon, rubber processing machinery, shipbuilding and valves.L&T's operations are structured into various business segments, including infrastructure, power, heavy engineering, electrical and automation, hydrocarbon, information technology and technology services, financial services, developmental projects and others. With manufacturing facilities in eight countries besides India and a global network of offices and supply chains, the company has a strong international presence. Their relentless focus on customer satisfaction and commitment to top-tier quality led to over 80 years of leadership across all their business lines.In the fiscal year ending 31 March 2023, the group reported revenues of Rs.1.8 trillion, representing a 17 per cent growth compared to Rs.1.56 trillion in the previous fiscal year, driven by improved project execution and a robust order book. Notably, the IT and Technology Services (IT and TS) sectors experienced substantial growth despite concerns about a slowdown in global spending.Domestically, L&T generated revenues of Rs 1.14 trillion, up from Rs 1.01 trillion in the preceding year. Internationally, they recorded revenues of Rs 687.87 billion, compared to Rs 557.83 billion in the previous year. The group's operating Profit After Tax (PAT) reached Rs 103.74 billion, marking a 21 per cent increase over the previous year.Fastest Growing Construction Companies – Large CategoryDineshchandra R Agrawal Infracon (DRAIPL)Established in 1972, Dineshchandra R Agrawal Infracon (DRAIPL) is committed to the national vision of Digital India and Make in India, having strongly anchored itself to India’s infrastructure development efforts.The company is engaged in a number of projects of national priority including national highways, bridges, airport infrastructure, defence infrastructure, metro-rail and railways, water supply with waste management, smart cities-urban infrastructure, and smart cities-ICT, IT infra and others. Its nationwide span reaches more than 20 states across India.With over five decades of experience, DRAIPL has established a track record of delivering NHAI-awarded large infrastructure projects ahead of the projected time. It is one of the growing Master System Integrators, accelerated by strong financial capabilities and has won several awards for timely and quality completion of projects. In the past four decades, DRAIPL has executed a number of projects pioneering with technology.During Financial Year 2022-23, the company recorded a turnover of Rs 65.95 billion, as compared to Rs 44.17 billion in the Financial Year ended 31 March 2022. Profit After Tax (PAT) in the Financial Year FY2022-23 was Rs 3.35 billion, as compared to Rs 2.31 billion in the previous Financial Year ended 31 March 2022.PNC INFRATECHPNC Infratech is an Indian infrastructure construction, development and management company that has a strong track record of successfully executing projects across various sectors and locations. Their primary business segments encompass road projects, water projects, toll or annuity projects and industrial area development. With extensive experience and proven expertise, they have undertaken and completed major infrastructure projects, including highways, bridges, flyovers,power transmission lines, airport runways and industrial area development, among other infrastructure activities.The company offers comprehensive infrastructure solutions that encompass design, engineering, procurement and construction (EPC) services. They also provide operation and maintenance (O&M) services on a fixed-sum turnkey basis and an item rate basis. Additionally, they execute projects in various formats such as Design-Build-Finance-Operate-Transfer (DBFOT), Operate-Maintain-Transfer (OMT), Annuity, Hybrid Annuity and others. The company stands out as one of India's few infrastructure firms with established capabilities in investment, development, construction and management.In terms of financial performance, the company reported a total income of Rs 80.3671 billion in the financial year ending 31 March 2023, marking significant growth compared to Rs 72.9702 billion in the previous fiscal year, which ended on 31 March 2022. Their net profit also showed a positive trend, reaching Rs.6.5845 billion in FY2023, compared to Rs 5.8043 billion in the preceding year. This robust financial performance translated into a earnings per share (EPS) of Rs 25.67 per share, demonstrating an improvement from Rs 22.63 in the earlier year.AFCONS INFRASTRUCTUREAfcons Infrastructure, a subsidiary of the Shapoorji Pallonji Group, boasts a rich heritage spanning 150 years and is an integral part of the colossal US$ 7 billion conglomerate. This company stands out as one of the most rapidly growing players in the infrastructure sector, backed by a formidable strategic equipment fleet valued at US$ 350 million. Its footprint extends across 25 countries in Asia, Africa and the Middle East, underlining its global reach.Since its inception in 1959, Afcons has left an indelible mark by successfully delivering more than 350 infrastructure projects. Its stellar performance has propelled it into the elite league, ranking among the top 150 international contractors worldwide. This feat is a testament to its expertise in the realm of extreme engineering and construction.Afcons is a prominent figure in India's infrastructure landscape and proudly holds a place among the top 10 companies in marine infrastructure on a global scale. The company's portfolio is a testament to its ability to handle challenging and intricate projects. These ventures span across the aforementioned 25 countries, each marked by innovative design and comprehensive construction services. In global rankings, they secured seventh position in marine and port facilities and ranked 16th in the bridges sector. Notably, it stands as the highest-ranking Indian contractor among the top 50 international contractors in the transportation sector. Additionally, it is a leader in key sectors within India including marine, LNG and Metro rail.In 2019, Afcons became the sole infrastructure company to clinch the Africa Best Employer Brand Award, a testament to its dedication to its workforce. In 2021, it won the Maharashtra State Best Employer Brand Award for excellence in Covid-19 management.In terms of financial performance, for the Financial Year ending on 31 March 2023, the company reported a total revenue of Rs 128.4409 billion, reflecting growth compared to Rs 112.6954 billion in the previous fiscal year ending on 31 March 2022. The Profit After Tax (PAT) also showed an impressive increase, reaching Rs 4.1086 billion in FY2022-23, up from Rs 3.576 billion in the preceding fiscal year. NCC NCC, headquartered in Hyderabad, boasts a proven track record in various sectors, including buildings, transportation, water and environment, irrigation, electrical (T&D), mining, and railways. Their construction activities span these diverse sectors, and one common thread is their commitment to delivering projects of exceptional quality.Over the last four decades, the company has witnessed remarkable growth in both the number and variety of projects undertaken. They have continually strengthened their in-house expertise to handle complex and challenging endeavours. Their expansion into various construction and infrastructural development sectors has resulted in a nationwide presence, with offices in nine major cities: Ahmedabad, Bengaluru, Chennai, Delhi, Lucknow, Mumbai, Pune, Kolkata and Patna.The company’s client base is a testament to their capabilities, catering to both public sector undertakings and private sector institutions. The company consistently delivers large-scale projects on schedule while maintaining the highest quality standards. Its strong technological and engineering background forms the foundation for sound project designs and impeccable execution. It remains at the forefront of construction by staying updated with the latest industry developments and actively pursuing innovative design and solution initiatives.The company's holistic expertise is rooted in their unwavering commitment to knowledge and innovation. They believe in their workforce, consisting of 11,000 skilled and dedicated employees, and invest in their training and development. This commitment has led to incorporation of the latest technologies in the company’s operations.In the financial year ending on 31 March 2023, the company achieved significant milestones. Their consolidated revenue reached an impressive Rs 157.01 billion, representing a remarkable 40 per cent growth compared to the previous year. On a standalone basis, their revenue stood at Rs 135.04 billion, indicating a robust growth rate of nearly 35 per cent. Notably, the company secured its highest-ever annual order inflow, amounting to `25.895 billion and their order book surpassed the Rs 500 billion mark for the first time during the year. These achievements solidify NCC's foundation for future growth and success.Fastest Growing Construction Companies – Medium CategoryJ KUMAR INFRAPROJECTSSince its establishment in 1980, J Kumar Infraprojects, a prominent player in the infrastructure construction sector in India has been instrumental in the development of various crucial projects. The company's portfolio includes the construction of elevated and underground metros, urban infrastructure, public buildings, dams, roads, bridges, flyovers, skywalks and subways. Over the years, it has evolved into a multi-billion enterprise and is known for its commitment to new technology in the construction field. With ISO 9001-2000 certification and a workforce of over 6,000 employees, it has firmly established itself in the industry.The company's success story is attributed to its experienced promoters with a collective experience of over four decades in civil construction. The company has demonstrated its expertise by executing complex infrastructure projects, including underground metro projects across diverse geographical locations. It maintains a fleet of specialised equipment and boasts a strong technical team to support its project execution capabilities.Its core values such as ambition, integrity, foresight, discipline, dedication to excellence and teamwork have been its guiding principles throughout its journey. The company’s vision is to become a leading infrastructure enterprise committed to quality, customer satisfaction and excellence. It achieves this by focusing on innovative designs, timely project completion and maintaining the highest standards of workmanship, all while enhancing shareholder value. It takes pride in its role in advancing the nation's infrastructure and replicating its success through the trust of its clients.In the financial year ending on 31 March 2023, the company reported a total income of Rs 42.3358 billion, a notable increase from Rs 35.5206 billion in the previous year. Furthermore, their net profit for FY2023 stood at Rs.2.7439 billion, a substantial improvement compared to Rs 2.0587 billion in FY2022. The earnings per share (EPS) also reflected this growth, reaching Rs 36.26 for FY2023, up from Rs 27.21 in FY2022.HG INFRA and ENGINEERINGHG Infra Engineering, an Indian infrastructure company, is a key player in the construction, development, design and management of infrastructure projects on a fixed-sum turnkey basis, with a specific focus on civil construction and related infrastructure projects in the road construction and highways sector. It serves clients in government and private sectors and with an execution track record spanning over two decades in operation, this company boasts a wealth of experience in the Indian civil construction industry, thanks to its promoters who collectively bring over four decades of expertise.The company's core activities encompass engineering, procurement, and construction (EPC) along with the maintenance of roads, expressways, bridges, flyovers, and other infrastructure projects. The company places particular emphasis on the hybrid annuity model (HAM) for its projects. Additionally, its civil construction portfolio extends to the extension and grading of runways, railway projects, land development and water pipeline projects. Beyond infrastructure, the company also offers services in the education, hospitality, and real estate sectors.One of the company’s standout attributes is its remarkable execution capabilities, frequently resulting in timely, or even early, completion of projects. Such achievements have earned the company early-completion bonus payments in several instances.The company, with its presence in Rajasthan, Haryana, Delhi, Uttar Pradesh, Telangana, Odisha, Andhra Pradesh, Karnataka and Maharashtra, has established a robust business model. This model is underpinned by its ability to execute quality projects effectively, earning the trust of clients and stakeholders alike.In terms of financial performance, the company reported a total income of Rs.46.4024 billion during the Financial Year ending 31 March 2023, compared to Rs.37.5875 billion in the previous year. Notably, it achieved a net profit of Rs 4.9319 billion, a significant increase from the Rs 3.8003 billion recorded in the Financial Year ending 31 March 2022. This growth is reflected in an improved Earnings Per Share (EPS) of Rs 75.68, up from Rs 58.31 for the Financial Year ending 31 March 2022. APCO INFRATECH APCO Infratech, an Indian infrastructure company with over three decades of experience, has established itself as one of the fastest-growing mid-sized players in the industry. With a stellar track record, the company excels in a wide range of sectors, including highways, power generation, tunnels, irrigation and canal, Metro rail, urban infrastructure and industrial development, often undertaking highly complex projects. The company has aligned its vision with that of the government to elevate India's global presence. Notably, it achieved the distinction of being India's first recipient of the Hybrid Annuity Mode (HAM) Project, specifically the Meerut-Bulandshahar project in 2016.The company's prowess in project execution is evident through its successful completion of over 50 large-scale projects to date. Its dedicated workforce comprises over 7,800 trained employees, including over 1,500 professionals. Among its achievements, the company boasts of an impressive portfolio of 11 DBFOT projects with full ownership in eight projects, a 50 per cent stake in two projects and a 35 per cent stake in one project.The company actively manages a diverse array of highway projects across several Indian states, including Uttar Pradesh, Bihar, Haryana, Maharashtra, Andhra Pradesh, Tamil Nadu, Jharkhand and Delhi-NCR. Additionally, the company extends its reach to Nepal. Currently, it is in charge of 10 Expressway projects in India with the Delhi-Meerut Expressway standing out as the nation's first-ever 14-Lane Expressway. Moreover, the company is responsible for prestigious projects such as the Z-Morh Tunnel Project in Jammu and Kashmir, the cable-stayed bridge in Mumbai and the elevated viaduct metro project in Delhi-NCR.In terms of financial performance, the company reported total revenue of Rs 50.641 billion in the Financial Year ending 31 March 2022. This marked a slight decrease compared to the previous Financial Year ending 31 March 2021 where the company's revenue stood at Rs 59.5998 billion. Profit-After Tax (PAT) for the latest fiscal year amounted to Rs 4.1884 billion from Rs 4.884 billion in the preceding year. EBITDA, another key financial metric, reached Rs 8.9583 billion in FY2022-23 from Rs 9.2564 billion in the previous fiscal year. Fastest Growing Construction Companies – Small CategoryPSP PROJECTSPSP Projects, founded in 2009 by P S Patel, is a prominent multi-disciplinary construction company operating in India. This visionary infrastructure leader has steered the company towards providing a wide spectrum of construction and related services across various sectors, including industrial, institutional, government, government residential, and residential projects.The company covers the entire construction value chain, encompassing planning, design, construction and post-construction activities. Notably, it has emerged as one of the fastest-growing engineering, procurement and construction (EPC) companies in India. Its extensive service portfolio spans industrial, institutional, commercial, residential, hospitality, hospital, and government projects, earning it a prestigious status in the EPC sector.Over the years, it has successfully completed 205 projects for more than 133 public and private clients across India. The company's portfolio boasts a diverse range of projects, including corporate complexes, industrial facilities, educational institutions, residential developments, and various hospitality establishments such as hotels, clubs, and hospitals.Initially, PSP primarily concentrated on projects within Gujarat but has since expanded its geographical footprint to other states and diversified its services. The company offers a comprehensive range of services, including civil construction, building renovation, mechanical, electrical and plumbing (MEP) services and Interior fit-outs.Civil construction involves all aspects of civil work from excavation to finishing with external development for residential complexes, bungalows, commercial complexes, infrastructural, pharmaceutical or industrial buildings. Building renovation covers retro-fitting, repair and interior furnishing, including MEP work. MEP services encompass HVAC (air conditioning), BMS, electrical, security, plumbing, fire-fighting, fire alarm systems, and more. Interior fit-outs encompass flooring, false ceilings, painting, furniture installation, curtains, internal signage and other interior furnishing works.In the current financial year, the company reported estimated revenues of `26 billion, with a normalised EBITDA margin of 11-13 per cent. Furthermore, the company added `34.21 billion to its order book during the last financial year, bringing the total order book to `53.21 billion. As of 31 March 2023, it has a bids pipeline approximately worth `60 billion, which is expected to bolster its order book in the current financial year.