Mytek Innovations, an AI-powered project management platform, is set to make waves with the biggest growth projection for FY 2024-25. With an impressive Order Book of Rs 729 Crore, the company is poised to triple its revenue in the coming year. This year marks a transformation period for the business as it expands its operations, strengthens its market position, and improves engineering, procurement, and construction (EPC) project management efficiency. Despite an EBITDA prediction of around 20.21 per cent +, the company is focused on increasing operational savings and driving even higher profitability in the coming years.
Mytek Innovations has witnessed swift development using AI and digital automation to optimise large-scale infrastructure projects. The company's AI-powered platform optimises project execution, lowering costs and mitigating risks, and Mytek Capital provides customised working financial solutions to ensure that the projects are completed on time and within budget.
While commenting on the same, Shivkumar Borade, CMD and Founder of Mytek Innovations said, "With a robust Rs 3000 Cr pipeline, demand for Mytek's cutting-edge AI-powered solutions is on fire. As infrastructure rapidly evolves, we're leading the revolution, empowering companies to execute projects faster, smarter, and cost-efficiently. With our platform handling Rs 250 Cr of project inquiry every week by SMEs, we have just shown that the industry needs such ease and efficiency."
The company strategically manages projects in Maharashtra, Punjab, Karnataka, Goa, and Telangana and is ready to expand to the Middle East and Africa. It invests in technology, strategic alliances, and hiring top talent to ensure a strong and sustainable growth curve.
Ashwajeet Wankhede, Director and co-founder of Mytek Innovations, said, "Mytek Innovations focuses on driving efficiency in project management. Using leading-edge technology, our platform doesn't only develop detailed, actionable project plans and focuses on reducing completion costs by 10-12 per cent. This ensures that businesses stay within budget while producing timely and quality results, said Ashwajeet Wankhede, Director and co-founder of Mytek Innovations."
