Arindam, Founder & Director
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The emerging economies are playing a vital role in infusing new life into various industries. Engineering design services is one of them. The market is forecasted to grow at a CAGR
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India's solar power capacity stood at 35 GW as of 30 June 2020, power capacity to light up approximately 7 million houses. With recent projects such as the
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The Diffusion of Innovation Theory states that every technology goes through five phases in its journey of adoption by users. The first 2.5 percent are the innovators; the next 13.5 percent
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The most resilient of workplaces in the world have a few things in common the pride the employees feel for the organization, and a high-trust, high-performing culture. It's the intentional
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IoT (Internet of Things) is one of the hot topics when it comes to digitalization and upsetting changes to traditional industries. Internet and automation have made our homes smarter, don't you think? When introduced in
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The age-old phrase `Change is constant' is extremely apt when it comes to changes in technology, for it is technology that creates a ripple effect, driving changes in all the other sectors in an economy.
By: Jagdip Kumar, Head - IT, Cosmo Films
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Top 10 Engineering Services Companies - 2020
From $955.7 billion in 2019, the global engineering services are predicted to recover and grow at a CAGR of 6 percent from 2021 and reach $1101.2 billion in 2023, from a compound annual growth decline of -1.2 percent. The Indian engineering services market is mostly exported to the foreign lands. United States and the European countries are the prime markets for the Indian engineering services market. It accounts for more than 60 percent of the total export. This year, the engineering export, for the period of FY20 stood at US $76.26 billion. The Index of Industrial Production (IIP) for electrical equipment industry recorded 105.5 in FY20. The turnover of the capital goods industry was estimated at US $92.00 billion in 2019, and is forecasted to reach US $115.17 billion by 2025. Inscribing the expected growth, the engineering sector triumphed in the previous years with services in the finance, logistics, manufacturing and infrastructure, cloud technology, and education. As per the United Nations Conference on Trade and Development (UNCTAD), India ranked among the top 10 recipients of Foreign Direct Investment (FDI) in 2019, thereby attracting US $49 billion in liquidity inflow, an increase of 16 percent from the previous year. The Indian Government, at the budget session FY20 announced Rs. 150,000 (~US $2,250) income tax deduction on interest paid on loans drafting a purchase of electric vehicles, and planned an investment of Rs. 100 lakh crore (US $1.43 trillion) in infrastructure sector over the next five years. The Indian engineering sector is playing a strategically important role for the economy to intensify, where the sector has been delicensed and enjoys 100 percent FDI (Foreign Direct Investment). It aims at boosting the manufacturing sector, and the Government has also relaxed the excise duties levied to factory gate tax, capital goods, consumer durables, and vehicles (source: IBEF). In this issue of the CEO Insights magazine, we present a list of ‘Top 10 Engineering Services Companies - 2020’ featuring the exclusive services providers exercising the engineered products. The list is prepared by a team of excellent engineers with advice from veterans, CEOs & VCs, and the CEO Insights magazine’s editorial board. It illustrates the future trends of engineering services, with information about the modern day innovation.
|Company Logo||Company Name||Company Management||Company Description|
|ATOA Scientific Technologies||Dr. Raj CN Thiagarajan,Managing Director||Delivers services in engineering domain, structural engineering thermal engineering vibration and dynamics fatigue life prediction crash impact analysis computational Fluid dynamics acoustical.|
|Belcan India||Naveen Munnangi,Managing Director||A global supplier of engineering, supply chain, technical recruiting, and IT services to customers in the aerospace, defense, automotive, industrial, and government sectors.|
|Din Engineering Services||Anuj Gupta,CEO||Delivers services in CAD services outsourcing, solar design services, CAD services India, solar permit plan sets, staffing, manpower staffing, MSP staffing, solar designs, solar design services India, solar permit designs, and solar designing.|
|KKR Bose Design Services||Koustav Bose,Director||Offers basic engineering design services, detail engineering design services, plant design services, process design services, product design services.|
|Outsource2india||Jacob William,Group CEO||The services offered include mechanical engineering, architectural, civil, structural and civil engineering.|
|Rishabh Engineering Services||Raju Shah,CEO||Offering services in storage terminals (tank farm), equipment engineering (pressure vessels, storage tanks, heat exchangers, columns, reactors, etc), power plants, water treatment facilities, and modular packages (skid mounted systems).|
|Shiva Engineering Services||Ashish Parikh,Business Head||Shiva Engineering Services (SES) provides exceptional technical expertise in Engineering and Construction of Greenfield & Brownfield Industrial Projects around the globe.|
|TreisTek||Arindam,Founder & Director||Facilitating services like GIS, 3d city modeling, laser scanning, UAV image processing, photogrammetery, 3d walk through modeling, lidar processing, BIM, and related engineering services.|
|Vee Technologies||Chocko Valliappa,Founder||Offers services in BPM/BPO, medical billing and coding outsourcing (healthcare) services, logistics outsourcing services, legal process outsourcing services, finance & accounting services, engineering services outsourcing, information technology.|
|VMS Engineering and Design Services||Mujahid Ahmed,Owner||Includes services in planning & architecture, civil & structural engineering, electrical engineering, mechanical engineering, project management, and consulting & professional services.|