Bootes Impex Ltd: Company Overview
Bootes Impex Ltd, founded by Deepak Rai in 2021 and based in Gurgaon, is a prominent player in India’s infrastructure sector, specializing in sustainable construction through net-zero building practices. The company offers comprehensive EPC (Engineering, Procurement, and Construction) services, focusing on innovative and eco-friendly solutions across various projects. They have gained recognition for completing projects like the Jhansi Library in a record-breaking 90 days, showcasing their commitment to speed and sustainability. Bootes’ portfolio includes diverse infrastructure projects such as museums, libraries, malls, hospitals, and exhibition centers, with a recent expansion into cold storage and warehousing. Their strategic partnerships and patented technologies, like the water-saving ECOLOO and radiant cooling systems, underline their leadership in sustainable infrastructure development. Bootes is also expanding internationally while contributing to India’s goal of achieving carbon neutrality by 2070.
| Company Name | BOOTES IMPEX TECH LIMITED |
| Company Type | Unlisted Public Company(Buy Bootes Impex Tech Ltd Unlisted Shares) |
| Industry | Infrastructure- sustainable construction |
| Incorporation Year | 2021 |
| Registered Address | Gurgaon, Haryana, India |
Bootes Impex Ltd: Business Model
Bootes Impex Ltd operates primarily through an Engineering, Procurement, and Construction (EPC) model, which forms the backbone of its business strategy. Here’s a breakdown of how Bootes executes its operations and generates revenue:
1. Engineering, Procurement, and Construction (EPC) Services
- Core Revenue Driver: EPC services contribute over 90% of Bootes’ revenue. This model allows Bootes to manage the entire lifecycle of infrastructure projects—from initial design and engineering to procurement of materials and final construction.
- Comprehensive Approach: By integrating design, engineering, and construction under one roof, Bootes ensures streamlined project execution and maximizes efficiency. This approach not only enhances project control but also minimizes potential delays and cost overruns.
2. Consulting Expertise
- Supporting Revenue Stream: Bootes also offers consulting services, although it constitutes a smaller portion (approximately 8%) of their revenue.
- Global Reach: Leveraging its expertise in sustainable construction, Bootes provides consulting services internationally, collaborating with firms like Innenco and Urbs AB. This global outreach enhances their reputation and positions them as leaders in sustainable infrastructure development.
Bootes Impex Ltd: Top Projects
Jhansi Library
BOOTES has achieved a groundbreaking milestone with the completion of India’s first and largest Net-Zero Library in Jhansi within an exceptional 90-day period. Commissioned by the Jhansi Development Authority (JDA) and supported by Jhansi Smart City, this 12,000 sq. ft. marvel integrates ancient architectural heritage with state-of-the-art sustainable design. Designed to align with India’s Net-Zero Vision 2070, the library generates 100% of its energy on-site through solar PV panels and a wind turbine, while advanced heat pump technology reduces carbon emissions by up to 85%. Emphasizing community empowerment and innovation, the Jhansi Library serves as a hub for learning and knowledge sharing, marking a significant stride towards eco-friendly infrastructure and sustainable urban development in India.
Shrimad Bhagwat Geeta Museum
The Shrimad Bhagwat Geeta Museum in Kurukshetra, Haryana, stands as India’s first Net-Zero Museum, a testament to both cultural richness and groundbreaking sustainability. This innovative project, undertaken by BOOTES for Haryana Tourism Co., achieves remarkable environmental goals: a 70% reduction in energy usage, an 85% decrease in carbon emissions, and complete on-site renewable energy generation. Its pioneering cooling system, powered by biogas and supplemented by solar energy, sets a new standard for sustainable museum design. Additionally, the museum features biodegradable toilets that produce fertilizer and implements measures leading to an 85% reduction in water consumption. This project not only celebrates cultural heritage but also exemplifies BOOTES’ commitment to sustainable infrastructure development.
Pradhan Mantri Sangrahalaya
BOOTES, through its group company MUSE, has successfully executed the prestigious Pradhan Mantri Sangrahalaya project for the Central Government in New Delhi, India. This cutting-edge museum commemorates every Indian Prime Minister since Independence, spanning 75 years of the nation’s development. The museum integrates advanced technology and immersive interior design, featuring tri-colored dynamic LED lights, holograms, a Handwriting Robot, and a 360-degree VR projection ride. These innovations offer visitors an unparalleled experience, creatively engaging with India’s influential leaders and showcasing the fusion of innovation and history at its finest.
345 Hudson Street
BOOTES, through its group company URBS, has played a pivotal role in the 345 Hudson Street project for the New York State Energy Research & Development Authority (NYSERDA) in Manhattan, New York. Acting as the lead consultant, URBS oversaw the energy design and modeling of HVAC systems for the 17-floor building, totaling 978,795 square feet. The project secured significant funding of $5 million from NYSERDA, empowering the team to achieve groundbreaking results in enhancing fleet efficiency and sustainability measures.
Bootes Impex Ltd: Strategic Focus Areas
- Sustainable Construction Leadership: Bootes has carved a niche in sustainable construction, leveraging its expertise to pioneer net-zero building practices in India. This strategic focus not only aligns with global environmental goals but also positions Bootes as a leader in innovative infrastructure solutions.
- Efficiency and Speed: One of Bootes’ key strengths lies in its ability to deliver projects with exceptional efficiency. The company boasts a significantly reduced turnaround time compared to industry standards, translating into cost savings and faster project completion for clients.
- Diverse Project Portfolio: Beyond traditional infrastructure, Bootes has diversified its portfolio to include specialized projects like museums, libraries, and now expanding into critical sectors such as healthcare and data centers. This diversification strategy mitigates risk and taps into emerging market opportunities.
Bootes Impex Ltd: Key Success Factors
- Innovative Technologies: Bootes integrates cutting-edge technologies like the water-saving ECOLOO and radiant cooling systems into its projects, enhancing sustainability and operational efficiency.
- Strategic Partnerships: Collaborations with global and domestic entities bolster Bootes’ capabilities and market reach. Joint ventures with companies like Univastu India Ltd. and Generic Engineering Construction and Projects Ltd. have enabled Bootes to secure substantial government contracts and expand its influence in the infrastructure sector.
Market Expansion and International Ventures
Bootes is not only focused on the domestic market but also actively pursuing international ventures. The company offers consulting services internationally, sharing its expertise in net-zero design and sustainable engineering. This global expansion strategy not only enhances Bootes’ revenue streams but also establishes it as a knowledge leader in sustainable infrastructure development.
Future Outlook and Growth Potential
Looking ahead, Bootes is poised for significant growth driven by several factors:
- Expansion into New Segments: The company’s foray into data centers and cold chain logistics underscores its adaptability to evolving market demands and technological advancements.
- Government Support and Policies: With increasing governmental emphasis on sustainable development and infrastructure modernization, Bootes is well-positioned to capitalize on favorable policies and funding initiatives.
- Technological Innovation: Continued investment in research and development ensures Bootes remains at the forefront of technological innovation in sustainable construction, maintaining its competitive edge in the market.
Bootes Impex Ltd: Subsidiary Companies
Bootes Impex Pvt Ltd has four subsidiaries:
- Bootes Cold Chain Pvt Ltd
- Ecobootes Sustainable Solutions Pvt Ltd
- Bootes Cleantech Pvt Ltd
- Bootes HVAC Solutions LLP
Bootes Impex Ltd: Board of Directors
Deepak Rai – Founder & Managing Director
Deepak Rai, drawing on a decade of experience delivering projects for Fortune 500 companies globally, founded Bootes in 2021. His vision aims to revolutionize India’s construction industry with sustainable practices aligned with Net-Zero and Aatmanirbhar Bharat principles. Rai advocates for innovative MEP Engineering, integrating technology, design, and efficient team management to advance sustainable construction for environmental and community benefit.
Manab Rakshit – Director – Strategy
Manab Rakshit is a seasoned professional with over 20 years of experience in banking, finance, construction, and family offices. He has held positions at major companies such as Infovision Group and ICICI Bank. Currently, Rakshit leads sustainable construction efforts in India, leveraging his extensive background to drive forward impactful initiatives in the industry.
Oliver – Chief Technical Officer
Oliver, the Chief Technical Officer, is a seasoned professional with over 28 years of experience across diverse projects including buildings, museums, and infrastructure in various regions. He notably led the successful opening of the Abu Dhabi Formula 1 Race Track in 2009, showcasing his expertise in managing complex and high-profile projects.
Industry Overview: Net-Zero Infrastructure in India
Environmental Challenge and the Path to Sustainability
India faces a pressing environmental challenge with its significant contribution to global carbon emissions, standing at 8.2% annually. The construction sector alone accounts for 22% of these emissions, highlighting a critical area for improvement.
India’s Commitment to Sustainability
India has committed to achieving net-zero emissions by 2070, aligning with global efforts to mitigate climate change. This pledge emphasizes the transition from high-emission practices to sustainable alternatives across various sectors, including infrastructure.
Rise of Sustainable Solutions
In response to environmental pressures, companies are increasingly adopting sustainable practices and technologies. This shift fosters innovation in eco-friendly construction methods and materials, aiming to reduce carbon footprints across the industry.
Net-Zero Infrastructure: A Game-Changer
The adoption of net-zero infrastructure presents significant advantages:
- Environmental Impact: By prioritizing energy efficiency and renewable energy sources, net-zero buildings mitigate greenhouse gas emissions, contributing directly to climate change mitigation efforts.
- Financial Benefits: These buildings often incur lower operational costs due to reduced energy consumption, making them financially attractive for owners and investors.
- Regulatory Compliance: Anticipating stricter environmental regulations, net-zero buildings position developers and owners ahead of compliance requirements, avoiding potential penalties.
Challenges and Approaches
Challenges in achieving net-zero include the lack of a universal definition, lifecycle emissions management, and technological adoption barriers. However, frameworks like LEED provide guidelines for sustainable construction practices, aiding industry-wide adoption.
Market Potential
India’s net-zero infrastructure market presents substantial opportunities, estimated at over INR 4200 billion. This market encompasses diverse segments such as hospitals, educational institutions, and specialized buildings, driven by increasing government and private sector investments.
Defense Sector Opportunities
Bootes Impex Ltd. is pioneering net-zero solutions in India’s defense sector, addressing energy inefficiencies and environmental impacts. Their innovative approaches in passive design strategies, advanced HVAC systems, and sustainable materials aim to enhance operational efficiency and reduce environmental footprints.
Financial Highlights
₹ in crores
| Particulars | FY 2024 | FY 2023 |
| Total Revenue | 22 | 4.38 |
| Profit After Tax | 9 | 0.25 |
Bootes has experienced exceptional financial growth in FY24, driven by significant revenue increases. The company’s EBITDA margin surged from 9.11% in FY23 to an impressive 52.68% in FY24, showcasing a substantial enhancement in operational efficiency. Additionally, the company’s profitability saw a remarkable improvement, with Profit After Tax (PAT) skyrocketing from ₹0.25 crores in FY23 to ₹ 9.02 crore in FY24. This translates to a PAT margin of 41.04% in FY24, representing an approximate 800% growth compared to the 5.90% margin in FY23.
Peer Comparison
₹ in crores- FY 2024
| Particulars | Bootes Imptex | Waaree Tech | Oriana Power | Gensol Engineering |
| Revenue | 22 | 29 | 386 | 996 |
| PAT | 9 | (7.5) | 54 | 53 |
| Share Price (August 24) | 975 | 1140 | 1907 | 1003 |
| Market Capital | 682 | 1228 | 3675 | 3795 |
| P/E Ratio | 75 | – | 68 | 71 |
| P/S Ratio | 31 | 42.34 | 9.5 | 3.81 |
| P/B Ratio | 62 | 328.53 | 25.05 | 11.6 |
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