Elaborated SWOT Analysis of Engineers India – Engineering Consultancy Service Provider

Quick Stats on Engineers India

Chairman	Vartika Shukla
Year Founded	1965
Origin	New Delhi
No. of Employees	2400-2800
Company Type	Public
Market Cap	Rs 3,796.60 Crore (2022)
Annual Revenue	Rs 3,104.69 Crore (2021)
Net Income/ Profit	Rs 259.5 Crore (2021)

 

Services by Engineers India  

Engineers India had been in business for over four decades and primarily deals in:

• Process Design
• Engineering
• Supply Chain Management
• Project Management
• Construction Management

Competitors of Engineers India 

Engineers India competes on a global level with several other manufacturers, of which its top competitors include: 

• Tata Consulting Engineers
• Royal HaskoningDHV
• RITES
• Tractebel
• NESPAK

Now that we understand the company’s core business, let’s delve into the SWOT Analysis of Engineers India. 

SWOT Analysis of Engineers India 

A SWOT analysis evaluates the strengths, weaknesses, opportunities, and threats that a firm faces. Engineers India may evaluate its business and performance against rivals and the industry as a whole using this tried-and-true management model.

It’s a great tool for figuring out where the firm shines, where it falters, devising countermeasures, and figuring out how to expand.

To better understand the SWOT analysis of Engineers India, refer to the infographic below:

So let us start by expanding on the strengths of Engineers India:

Strengths of Engineers India 

The distinctive qualities that provide a company with an edge in acquiring greater market share, attracting a larger audience, and maximising profitability are essentially its strengths. The following are Engineers India’s strengths: 

• Brand Position: Engineers India Limited is one of India’s leading precision engineering organisations and for the last 55+ years they have been creating high-quality engineering solutions benefiting customers all over the world. The company operates in 9 overseas locations and it has completed 5000+ assignments.
• Service Portfolio: Engineers India is the market leader when it comes to a variety of engineering services. Honestly, the company deals in every nook and corner of engineering services including sectors like Infrastructure, Automobiles, Power, General Engineering, and Building & Construction among others.  
• Engineers India’s Trust: Because of its quality services, it is one of the most trusted and famous engineering consultancy not only in India but also throughout the world. At the same time, the association with the name generates enormous brand equity for the company.
• Strong Team of Employees: Engineers India consists of a team of more than 2,800 employees who work rigorously to enable effectiveness in their client’s business and inject technology operation into it.
• High level of Client Satisfaction: Engineers India has a customer-focused approach. It has loyalty programs for its clients. Clients are loyal because of its customer-focused approach. It has a good environment for employees and a shift in culture that is guided by the management.
• Constant Developments: Sify also developed the most extensive range of managed enterprise services, solutions, and applications. With millions of man-hours spent gaining expertise and experience in delivering Internet Protocol-based services, their standards are industry benchmarked and innovation constant.
• Sustainable Development: Engineers India has always been sensitive toward the concerns of society and is committed to operating its core business in a socially responsible way, with a vision of promoting sustainable development. Such dedication and commitment to sustainability show the organisation’s involvement in CSR works.
• Government Support: Engineers India gets immense support and recognition through various awards from the government of India which is why the limited company is still generating revenues in increasing directions. 

Weaknesses of Engineers India 

Weaknesses are negative aspects and attributes which have little control over. These are the areas where the business needs to improve to remain competitive.

• Dependence on Consultancy: Consultancy is the major source of revenue in Engineers India, despite having different sector works which can be bad for companies long run. 
• Investment in R&D: Engineers India has not been able to compete with the leading players in the industry in terms of innovation and R&D. It has come across as a mature firm looking forward to bringing out products based on tested features in the market.
• Innovation: Engineers India has been unable to compete in terms of innovation with the sector’s best businesses despite spending more on research and development than the industry average.
• Strong Government Regulations and Policies: There are strong government rules and regulations that make operational efficiency low and create a hindrance in the working of a company.
• High Cost in Replacement of Established Expertise: Engineers India Ltd’s knowledge base is entrusted to a small number of people, and replacing them will be difficult under the current circumstances.
• Shortage of Technical & Financial Resources: The business has experienced a shortage of technical and financial resources, which has reduced its ability to grow its service locally and globally.

Opportunities for Engineers India

Opportunities refer to the chances of the progress of the company in future. Let’s have a look at the opportunities for Engineers India:

• Expanding Customer Base: Engineers India can gain from the acquisition of smaller consulting and financial companies by expanding its customer base.
• Attract and Retain Talent: Everybody looks forward to working at firms where employees have a good working environment, Engineers India can use it to select the best human resource available. 
• Increase in Digitalization: Increase in Digitalization leads to switching traditional businesses to digital businesses thus leading to more clients and opportunities for expanding business.
• Accelerated Technological Innovations & Advances: Rapid technical advancements are increasing industry productivity, allowing suppliers to provide a wider range of products and services. This may enable Engineers India to expand its product portfolio dramatically.
• More Contracts: Engineers India should increase its pace to take more contracts for providing consultancy services. Recently, Bharat Oman Refineries gave a contract for a green hydrogen plant to Engineers India. 

Threats to Engineers India

These are the factors that have the potential to harm an organisation. Threats are uncontrollable external factors that might overcome or damage the strength and opportunities.

• Competitors Catching Up: Even though Engineers India continues to dominate the engineering market in product innovation. It is up against severe competition from both foreign and domestic opponents.
• Shortage of Trained Human Resources: Due to significant staff turnover and a growing reliance on new solutions, the firm name may encounter skilled human resource issues in the future.
• Government & Environmental Regulations: The government has slightly different and introduced more strict laws for engineering industries to maintain their control over the consumption of natural resources. While on the other hand organisations concerned about the environment also have their eyes on engineering industries due to their threat to natural resources and the environment.
• Lack of Visibility: Engineers India is not that visible as compared to its competitors in the market, so this leads to a decrease in clients’ reliability.
• Bigger MNCs Entering India: Entering big size multinational companies into the domestic market will lead to grabbing the attention of the clients. Hence, it will be hard for a domestic company to sustain its standing in front of big companies. 

This ends our elaborative SWOT analysis of Engineers India. Let us conclude our learning below.