Teja Engineering Industries IPO

Teja Engineering Industries is an engineering services company that provides technical and maintenance services to the oil & gas, power, and energy sectors. The company does not manufacture any equipment. Instead, it supports OEMs, public sector companies, and CNG compressor packagers by providing skilled manpower and engineering services for CNG stations, gas compression plants, and natural gas distribution terminals.

Its services include Operation & Maintenance (O&M), Erection & Commissioning (E&C), Instrument Calibration, Non-Destructive Testing (NDT), and testing and servicing of Safety Relief Valves (SRVs). TEIL has a presence across 15 states. It has completed more than 300 CNG compressor station projects and currently provides O&M services to over 550 units across the country. Its O&M business has grown significantly, with the number of O&M contracts increasing from 243 in FY23 to 533 by August 2025. During the same period, E&C projects were reduced from 59 to 25.

Operation & maintenance remains the largest contributor to revenue. In FY25, O&M generated ₹51.66 crore, accounting for 93.5% of total revenue, compared with ₹28.73 crore, or 90.89% of total revenue, in FY24. TEIL operates a manpower-intensive business; employee expenses are its largest cost component, accounting for 82.9% of total expenses during FY25. Gujarat contributed 53.2% of the total revenue in FY25, while Maharashtra contributed 45.48%.