- Offsite manufacturing technology specialist expects strong pipeline following launch of its INR 650 crore (US$100 million) industrial park in Krishnagiri, Tamil Nadu
- Set to deliver projects for Infosys, Embassy Group, and GEMS Education within H1 2017
- Short-term strategy includes plans to deliver infrastructure to India, GCC region, international markets; expand production capabilities to 37.5 million square feet, and to become billion-dollar revenue company by 2020
Dubai-UAE 29 January, 2017: KEF Holdings, the UAE-based multinational diversified group that specializes in innovative offsite manufacturing technology, today announced an annual revenue of INR 450 crore (US$66 million) for the year 2016, and added that it plans to raise this to INR 1,730 crore (US$254 million), through 2017.
The company made the announcement at an exclusive media briefing at its UAE offices, which serves as the headquarters for KEF’s operations that span the UAE, India and Singapore.
KEF Holdings’ subsidiary, KEF Infra, marked the official launch of its flagship facility – the KEF Infra One Industrial Park, the world’s largest and first-of- its-kind fully integrated offsite manufacturing park – in Krishnagiri, Tamil Nadu in India in December 2016. Developed over a two-year period since 2014, the new facility is already catering to a growing pipeline of projects.
The KEF Infra pipeline includes four projects with Infosys, covering two million square feet in total and ranging from commercial buildings to ‘specialized infrastructure’ such as the Infosys Clock Tower in Mysuru, which at 135 meters will be the tallest in the world once complete. KEF is also developing a 1.6 million square feet commercial project for Embassy Group, called Embassy 7B in Bengaluru, Karnataka, India, which is being built in a record 13.5 months, and a 400,000-sq. ft. manufacturing campus for Bosch at Bidadi, Bengaluru to be delivered in just 11 months.
KEF Infra has in addition collaborated with GEMS Education to build its first school in SmartCity Kochi – the GEMS Modern Academy, which is a 1.3 lakh sq. ft. development set for completion in 5.5 months and hand-over by end-April 2017.
Speaking to the media, Faizal E Kottikollon, Founder and Chairman of KEF Holdings, said: “We are attempting to completely revolutionize the approach to infrastructure development through end-to- end offsite manufacturing. KEF Infra One has the capabilities to solve some of the most pressing developmental needs in markets such as India, the Middle East and Africa, where there is not enough essential infrastructure, such as affordable housing, hospitals and schools, to meet the growing demand. Our proposition is to ‘fast forward’ these markets through an innovative building solution that not only guarantees up to 50 percent time savings, but significant cost savings as well.
“Today, KEF Holdings is just over two years old, but we are aiming to surpass the INR 1,000 crore-mark in revenues. This is a result of the hard work that has gone into realizing KEF Infra, which employs a team of over 1,000 people, including specialists from around the world. Our robust performance also shows that we are gaining the trust and interest of several leading companies that share our vision of sustainable and inclusive development.
We hope to grow this vision, and become a billion-dollar revenue company by 2020.”