Media Release
Dubai, Jan 29: KEF Holdings, the UAE-based multinational diversified group that specializes in innovative offsite manufacturing technology, today announced an annual revenue of INR450 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.
• Offsite manufacturing technology specialist expects strong pipeline following launch of its INR650 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
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 INR1,000 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.”
About KEF Infra
KEF Infra is a subsidiary of KEF Holdings, which manufactures hospitals, schools, hotels and homes. Established in 2012, KEF Infra is a new-age manufacturing and engineering company headquartered in Bangalore that is committed to revolutionizing the infrastructure sector in India using the latest technology that includes robotics and automation best practices. Founded by Faizal E Kottikollon, KEF Infra is at the forefront of the Industrial Revolution 4.0, fast-tracking the pace of India’s infrastructure development. The company is transforming the infrastructure sector by fully integrating state-of-the-art technology to deliver precision-engineered products of the highest quality in a timely and cost effective manner. Aiming to bridge the gap between high quality infrastructure, speed of delivery and the cost of construction, KEF Infra aims to positively impact the social infrastructure of the country, with a special focus on India's education, healthcare, commercial and residential sectors. The company offers design, engineering, manufacturing, assembly and project management solutions all under one roof, at its one million square feet industrial park, KEF Infra One, in Krishnagiri, Tamil Nadu. KEF Infra One is the world’s first and largest integrated offsite manufacturing facility of its kind.
About KEF Holdings
Established in 2007, KEF Holdings is a new era social enterprise registered in Singapore. Founded by Faizal E Kottikollon, the company operates across India, the Middle East and Singapore. The company has five business verticals – KEF Infra, KEF Health, KEF Education, KEF Metals and KEF Investments – that focus on the infrastructure, healthcare, education, metals and investment sectors respectively. KEF’s industrial forte lies in its ability to create integrated business processes and deliver cutting-edge off-site construction technology and solutions, including precast, prefabricated bathrooms, joinery and aluminium glazing. The company applies this expertise in the creation and upgradation of essential infrastructure, such as educational, healthcare, commercial and residential facilities.
KEF Holdings is guided by the philanthropic vision of its founder and Chairman Faizal E. Kottikollon and his wife Shabana Faizal, Co-founder and Vice Chairperson. The company, in close collaboration with stakeholders in the public and private sectors, actively drives, funds and supports high-impact social activities undertaken by the Faizal and Shabana Foundation. KEF Holdings does this through providing innovative industrial technologies, products and processes designed to create shared value through increasing productivity, quality and sustainability.