According to a recent report by the Insight Partners, the Indian Formworks and Scaffoldings market was valued at USD 139.9 million in 2022 and is projected to reach USD 219.4 million by 2030, growing at a CAGR of 5.8 per cent during 2022 to 2030. The primary factors fuelling growth are heightened investments in infrastructure development , an escalating demand for residential real estate, and a surge in construction activities across diverse sectors. Nevertheless, many professionals in this field lack the necessary expertise, leading to the use of substandard or misaligned formwork systems that undermine the structural integrity and visual appeal of the completed concrete structures. Nova Formworks distinguishes itself by prioritizing meticulous planning and design phases, employing seasoned professionals and utilizing advanced software to ensure precise and customized formwork design.
Nova Formworks is a leader in creating advanced shuttering systems crafted from composite plastic materials. With a decade of experience in the Indian market, the company has partnered with prominent builders and contractors nationwide. Their top-tier plastic formwork systems are engineered to improve efficiency, drive cost savings and accelerate construction timelines. The company provides a range of plastic formwork systems, offering both standard options and custom-designed solutions to meet specific needs. “By leveraging our team’s expertise and state-of-the art resources, we consistently strive to exceed client expectations and uphold
the highest levels of product integrityand performance”, says Vikas Kumar Mittal, Managing Director.
Skilled Team of Professionals
Nova Formworks features a state of-the-art in-house manufacturing facility, complemented by a team of expert designers. Additionally, their customer service team consistently engages with clients, ensuring ongoing communication and support. The company persistently explores novel raw material combinations at its Bengaluru facility, striving to enhance the strength of its base polymer.
By staying abreast of cutting-edge technologies, Nova Formworks has recently incorporated robots and digital assistants into its manufacturing operations, reflecting its commitment to technological advancement
To significantly bolster the strength and durability of their products, Nova Formworks meticulously ensures that every component of the formwork is composed of high-quality composite materials. This rigorous approach reflects their unwavering commitment to delivering products that meet the highest standards of excellence, ensuring they are entirely free from defects. Their team, consisting of highly motivated and exceptionally skilled professionals, is well-prepared and adept at addressing and satisfying the unique requirements and expectations of their esteemed clients.
Nova Formworks’ products consist of panels that can be easily secured with patented locking system, which ensures no leakage of concrete which enhances the strength of the structure as the water cement ratio is maintained and gives superior finish. Their modular system is adaptable for the construction of a range of structures, including walls, vertical elements, box culverts, slabs and beams. The company also provides customization options to fulfill specific customer requirements. The firm boasts two advanced manufacturing facilities, strategically situated in Ghaziabad and Bangalore, which cater to a nationwide clientele. In addition, their plastic products enjoy a global reach, being exported to key markets including Africa, Jordan, Dubai, Doha, Sri Lanka and the UK.
Looking ahead, Nova Formworks is committed to expanding its reach across the country by growing its customer base and extending its distributor network into areas where it currently has limited or no presence, such as tier2 and tier-3 cities. The company is also setting its sights on an ambitious goal to develop and launch fully monolithic and fully plastic structures in the near future. This strategic expansion is part of the firm’s broader vision to lead innovation in the industry and address the evolving needs of its diverse clientele.
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