Software solutions provider Nemetschek Group enters India, aims to capture 15-20% AEC market by 2026-27

Yves Padrines, CEO of Nemetschek Group, said digitization in the construction sector is low so there is huge potential.

Germany-based provider of software solutions for construction industry, Nemetschek Group, has entered the Indian market and said that the company aims to capture 15 to 20 percent of Indian AEC (architecture, engineering, construction) technology market share in the next 2-3 years.

Company executives said that India is in the race to become third-largest construction market in the world and there are huge opportunities for technological intervention in construction projects, especially real estate sector.

The company said that several real estate problems can be addressed with the timely adoption of technology-driven solutions.

“Digitization in construction sector is low so there is huge potential for us. Digitized solutions can help infra projects, including the real estate, to streamline the work flow, better planning and execution of projects, timely delivery, reduce wastage of construction material thereby reducing the project cost as well. Our goal at Nemetschek is to make sure that we are going to help our customers in construction to be more efficient and sustainable,” said Yves Padrines, CEO of the Nemetschek Group.

He said that the company is also looking for merger and acquisition (M&A) opportunities in India as the country is a priority market for them.

“We are also scouting any potential investment we could do inorganically either acquisition or M&A. In the past we have done a number of M&As and the last one was in the US. We are open to do investments in startups, either linked to construction lifecycle or media and entertainment,” Padrines said.

The Nemetschek Group was listed in the MDAX and TecDAXsince in 1999 and it had achieved a revenue of EUR 851.6 million and an EBITDA of EUR 257.7 million in 2023.

Nirmalya Chatterjee, Country VP, Nemetschek Group - Indian Subcontinent said that in next two-three years Nemetschek wants to have at least 15 to 20 percent market share in Indian AEC technology market space.

“Within one year, our plan is to grow in the Indian subcontinent which means we will also be expanding to Bangladesh, Myanmar, Sri Lanka etc. Technology-driven solutions can make real estate much more sustainable and profitable. We will provide customize packages for real estate sector depending on the need of the project,” he said.