Sidhcon was founded in 1992, formed into a private limited company in the year 2003and is based in Pune, India. The Group owns and operates through a number of diverse Operating Companies: Sidhcon Constructions & Engineers, Sidhcon Infrastructures; Sidhcon Engineering & Consultancy Services; Sidhcon Machines; Sidhcon Woodwork; Sidhcon Resorts & Agro Exports. Sidhcon Group also has a 45% investment in Sidhcon –I.M.PATEL- JV.
Sidhcon is working to complete a broad based, Strategic Review of its operations. The blueprint for the future of the Group’s business, set out in June 2013, involves strengthening the balance sheet, streamlining the operating model, and improving project delivery. Sidhcon is in the process of streamlining its operating model. It has established dedicated businesses focused on:
- Heavy Construction (SCEPL)
- Earthwork (Sidhcon Machines)
- Residential & Service Buildings (Sidhcon Infrastructures-SIPL)
- Public Private Partnerships (Sidhcon Co.)
- Engineering (Sidhcon Engineering & Consultancy)
In addition, Sidhcon is analyzing options for its Services, Sidhcon Resorts & Agro Exports businesses including the potential divestment or introduction of new partners to these businesses. As part of this process, Sidhcon has engaged external advisors and is having discussions with potential investors.
Streamlining will allow Sidhcon to leverage its expertise across the Group and to create economies of scale, thereby lowering the cost base and helping to improve its competitive advantage. Combining existing PPP capabilities will create a focused, industry leading business which will form a key component of Sidhcon’s growth strategy.
Similarly, combining existing engineering skills will help to provide innovative solutions for clients and promote greater self-reliance which will enhance Sidhcon’s ability to manage project risk.