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Eleganz Interiors Ltd., a rising name in India’s high-end interior contracting space, has clinched a major commercial win with a contract valued at ₹1.31 billion. The announcement marks a significant milestone in the company’s expansion trajectory, reinforcing its position as a preferred partner for large-scale interior design and turnkey execution projects across commercial, hospitality, and institutional segments.
The contract, awarded by a reputed infrastructure and real estate developer, is expected to be executed over the next 12–18 months and includes comprehensive interior works for a premium mixed-use development in a Tier-1 metro. This win adds substantial visibility to Eleganz’s order book and aligns with its strategic push into large-format, design-intensive projects.
Key Takeaways from the Contract Award
Eleganz Interiors has received a ₹1.31 billion contract for interior fit-out works in a high-value commercial and residential complex
The scope includes turnkey execution of interiors, modular installations, acoustic systems, and premium finishes across multiple towers
The project is scheduled to begin in Q4 FY25 and will be completed by mid-FY27
This is among the largest single contracts awarded to Eleganz in its operational history
Strategic Implications and Business Impact
Strengthening Market Position
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The contract enhances Eleganz’s credentials in the premium segment, especially in high-density urban markets
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It positions the company as a scalable player capable of handling multi-crore, multi-phase interior mandates
Boosting Order Book and Revenue Visibility
With this win, Eleganz’s total confirmed order book crosses ₹3.8 billion for FY26–FY27
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The company expects this project alone to contribute over ₹700 million in topline revenue in FY26
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Margins are expected to remain stable at 14–16 percent, supported by efficient procurement and in-house execution
Expanding Execution Capabilities
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Eleganz will deploy over 300 skilled workers and 40 project managers across the site
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The company is investing in prefabrication and modular technology to reduce on-site timelines by 20 percent
A dedicated design cell will work in tandem with the client’s architects to ensure aesthetic and functional alignment
Operational Momentum and Financial Snapshot
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In Q1 FY26, Eleganz reported revenue of ₹412 crore, up 27 percent year-on-year
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EBITDA stood at ₹61 crore, with net profit rising to ₹34 crore, reflecting strong cost control and project execution
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The company maintains a healthy cash position of ₹180 crore and has reduced its working capital cycle to 58 days
Eleganz is targeting ₹1,200 crore in revenue for FY26, with 65 percent from commercial interiors and 25 percent from hospitality projects
Growth Strategy and Sectoral Outlook
Eleganz plans to expand its footprint into Tier-2 cities with rising demand for branded interiors in co-working, healthcare, and education sectors
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The company is evaluating strategic partnerships with global design firms to enhance its offerings in luxury and sustainable interiors
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It is also exploring entry into modular furniture manufacturing and acoustic solutions to diversify its revenue streams
The Indian interior contracting market is projected to grow at a CAGR of 12.5 percent over the next five years, driven by urbanization, premiumization, and institutional demand
Conclusion
Eleganz Interiors’ ₹1.31 billion contract win is more than a commercial success—it’s a strategic leap forward. As India’s real estate and infrastructure sectors evolve toward design-led, experience-driven spaces, Eleganz is positioning itself as a full-spectrum interior solutions provider. With robust execution capabilities, financial discipline, and a clear growth roadmap, the company is poised to capture a larger share of India’s booming interior contracting market.
Sources: Business Standard, Construction Week India, Eleganz Interiors Ltd. Corporate Announcements.
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