Gabion Technologies India Limited, incorporated in 2008, is engaged in the manufacturing, supply, marketing, and installation of steel gabions and geosystem solutions. The company earns revenue through turnkey execution of geotechnical, ground improvement, and erosion control projects across infrastructure and construction sectors. Its products are widely used in roadways, railways, river training, slope protection, and soil stabilization projects.

Key Clients & Manufacturing Facilities
The company primarily serves government bodies, infrastructure contractors, EPC players, and civil construction companies involved in highways, railways, and water management projects. Gabion Technologies operates a key manufacturing facility at Paonta Sahib, Himachal Pradesh, spread over approximately 9,273 square meters. The facility supports fabrication of steel gabions and related products, ensuring timely execution and quality control.

Product Portfolio, Order Book & Execution
The company’s product portfolio includes steel gabion boxes, mattresses, geosystems, and ground improvement solutions. These products lie in the mid-to-late stage of the client’s project life cycle, supporting durability and safety. Orders are largely project-based, with execution aligned to infrastructure timelines, requiring efficient logistics, on-site installation, and coordinated project management.

Mergers, Capex & Expansion Plans
Gabion Technologies has expanded its footprint through foreign subsidiaries in Bangladesh and Nepal, strengthening regional presence. The company plans capacity enhancement, investment in advanced machinery, and geographic expansion to meet rising infrastructure demand. Capex execution is aligned with improving operational efficiency, increasing manufacturing throughput, and supporting higher-value engineering solutions.

Employees & Banker
As on November 30, 2025, the company had 159 full-time employees. The Banker to the Company is Punjab National Bank.

Management & Growth Vision

The management team, led by experienced promoters and professionals, aims to scale operations by expanding manufacturing capacity and deepening presence in infrastructure-led geotechnical solutions. Their near-term focus is on improving execution efficiency and order inflow, while long-term targets include regional expansion and higher-margin engineering services. Funding for capex and expansion will be arranged through IPO proceeds, internal accruals, and structured banking facilities.

Industry Overview

Gabion Technologies operates in the geotechnical engineering and infrastructure support solutions industry. The Indian infrastructure sector is valued at several trillion rupees and is growing at a CAGR of 8–10%, driven by highways, railways, river management, and urban development. Globally, the geosynthetics and ground engineering market runs into tens of billions of dollars, with steady demand from climate-resilient infrastructure and erosion control projects.

Key Risk Factors

1. Project-Based Revenue Risk
   The company’s revenue is project-driven, making cash flows dependent on timely project awards, execution schedules, and client payments, which may be affected by delays or policy changes.
2. Raw Material Price Volatility
   Steel is a key input for gabion products. Fluctuations in steel prices can impact margins if cost increases are not passed on to customers in time.
3. Execution & Site Risk
   On-site installation and project execution expose the company to operational risks, including labor availability, weather conditions, and logistical challenges.
4. Geographic Concentration Risk
   A significant portion of revenue is derived from specific regions and infrastructure projects, increasing exposure to regional economic or regulatory changes.
5. Litigation Risk
   The company is subject to certain legal proceedings, which, if decided adversely, could impact financial performance and reputation.

Key Strengths, Moat & Opportunities

1. Integrated Solution Provider
   The company offers end-to-end solutions, from manufacturing to installation, creating a strong operational moat and improving project execution control.
2. Strategic Manufacturing Location
   The Himachal Pradesh manufacturing unit supports efficient supply to North India infrastructure projects and helps optimize logistics costs.
3. Strong Infrastructure Demand Tailwinds
   Government focus on highways, river management, and climate-resilient infrastructure provides sustained growth opportunities.
4. Regional Expansion through Subsidiaries
   Presence in Bangladesh and Nepal diversifies revenue streams and opens cross-border infrastructure opportunities.
5. Experienced Management Team
   Promoters and senior management bring long-standing experience in geotechnical and infrastructure execution, aiding scalable growth.