Aarvi Encon Limited (AEL) has officially announced the receipt of a significant international work order through its step-down subsidiary, PT. Aarvi Encon Services, Indonesia. The contract, awarded by a leading multinational engineering firm in Indonesia, marks a strategic expansion of the company’s footprint in the Southeast Asian market.

The work order, valued at approximately INR 38.50 Crores, is a dedicated manpower supply contract. It was awarded on April 14, 2026, and is set to be executed over a period of two years, starting from May 01, 2026, until April 30, 2028. Due to a Non-Disclosure Agreement, the specific name of the awarding entity remains confidential, though it is confirmed to be an international engineering major.

Aarvi Encon Limited is a pioneer in technical staffing and engineering services in India, incorporated in 1987. The company specializes in providing skilled manpower for sectors such as Oil & Gas, Power, Infrastructure, and Renewable Energy. In 2025, the company demonstrated a strong growth trajectory, reaching a revenue of INR 513 Crores for the fiscal year ending March 31, 2025, supported by a healthy order book and a customer base of over 150 clients, including marquee names like Reliance Industries. Recent updates from 2025 highlight the company’s focus on international expansion, particularly in Indonesia and Oman, to diversify its geographic revenue streams.

For the quarter ended December 31, 2025, Aarvi Encon reported a robust financial performance with net sales reaching INR 167.45 Crores, its highest quarterly revenue to date. The Profit After Tax (PAT) for the same period stood at INR 4.69 Crores, representing a nearly 97.9% increase compared to the corresponding quarter of the previous year. Earlier in 2025, the September quarter also showed strong momentum with a revenue of INR 141 Crores, a 26.5% Year-on-Year growth. The company is largely promoter-held, with Virendra D. Sanghavi and Jaydev V. Sanghavi being the primary shareholders. While the company has a strong public shareholder base of approximately 26.46%, there are no single high-profile celebrity “famous” investors widely reported outside the promoter group as of late 2025.