Clean Max Enviro Energy Solutions is engaged in providing engineering, procurement and construction (EPC) services, primarily in power transmission, water supply, and infrastructure projects. It earns revenue through execution of government and institutional contracts. Its services include project design, installation, commissioning and maintenance. The projects are used in urban infrastructure, power distribution networks, and public utilities, supporting long-term infrastructure development.

Key Clients and Manufacturing/Execution Facilities
The Company’s major clients include various State Electricity Boards, Government departments, and public sector undertakings. Its operations are supported by execution offices and project sites across multiple states in India. The facilities are equipped with project management teams, technical engineers, and logistics support to ensure timely completion of EPC contracts.

Product Portfolio, Order Book and Execution
The Company’s portfolio includes power transmission lines, substations, water infrastructure projects, and electrical works. These services fall under infrastructure development and directly impact clients’ long-term asset lifecycle. As of the RHP date, the Company has a strong and diversified order book, ensuring revenue visibility for the coming years. Execution is carried out through in-house teams and subcontractors, maintaining project timelines.

Merger, Capex and Expansion Plans
The Company has undertaken restructuring initiatives to streamline operations and improve efficiency. Future plans include investment in working capital, purchase of equipment, and strengthening project execution capabilities. Funds from the IPO are proposed to be used for working capital requirements and general corporate purposes, supporting business expansion and order execution capacity.

Employees and Banker
December 31, 2025, the company had 24, full time employees. The Banker to the Company is Axis Bank Limited.

Management and Growth Outlook

The Company is led by experienced promoters and senior management with strong technical and execution expertise in the EPC and infrastructure sector. The management focuses on expanding the order book, improving execution efficiency, and maintaining cost discipline.

Their vision includes expanding into new geographies and increasing participation in high-value infrastructure projects. The Company aims to strengthen its presence in power and water infrastructure segments.

For funding future capex and expansion, the Company plans to utilize IPO proceeds, internal accruals, and bank borrowings. The focus remains on improving working capital cycles and reducing finance costs while maintaining sustainable growth.

Industry Overview

The Company operates in the Indian EPC and infrastructure industry, particularly in power transmission and water infrastructure.

• The Indian infrastructure sector is valued at USD 150+ billion, with strong government push under infrastructure development programs.
• The power transmission sector continues to grow at 6–8% CAGR, supported by electrification and renewable integration.
• The water infrastructure market is expanding under government schemes such as Jal Jeevan Mission, targeting rural water supply expansion.

Globally, the EPC market is estimated at over USD 8 trillion, driven by energy transition and urban infrastructure development. India remains one of the fastest-growing infrastructure markets due to public and private investment.

Market leaders in India include large EPC players with strong execution capacity and diversified order books. The Company competes in mid-sized EPC contracts with regional strength.

Major Risk Factors

1. Dependence on Government Contracts
   A significant portion of revenue comes from government and PSU contracts. Any delay in approvals, payments, or reduction in government spending may impact revenue visibility.
2. Working Capital Intensive Business
   EPC projects require high working capital. Delays in receivables may increase borrowing costs and impact profitability.
3. Project Execution Risks
   Delays due to land acquisition, regulatory approvals, or supply chain disruptions may lead to cost overruns and penalties.
4. Competition Risk
   The infrastructure EPC industry is highly competitive with both large national and regional players competing aggressively on pricing.
5. Geographical Concentration
   Operations are concentrated in selected states. Any regional slowdown or regulatory change may impact performance.
6. Dependence on Key Personnel
   The Company’s performance depends on experienced promoters and technical staff. Loss of key personnel may affect execution capability.

Key Strengths and Opportunities

1. Strong Order Book Visibility
   A healthy and diversified order book provides revenue visibility and growth stability over the next few years.
2. Experienced Management Team
   Promoters and senior management have strong domain experience in EPC and infrastructure projects.
3. Execution Capability
   In-house engineering and project management expertise ensures timely execution and cost control.
4. Growing Infrastructure Demand
   Government focus on electrification, water supply and infrastructure development creates long-term growth opportunities.
5. Geographical Expansion Potential
   The Company can expand into new states and diversify its client base to reduce concentration risk.
6. Improved Working Capital Management
   Efficient fund utilization post-IPO can reduce finance costs and improve margins.