What we do Alpine Housing Development Corporation Ltd develops residential and commercial properties, manufactures alloys and railway concrete sleepers, operating mainly in Karnataka, India. |
Founded in 1,992 |
Market share Major player in Karnataka’s housing construction and industrial castings market with diversified real estate projects and alloy manufacturing. |
Problem solved Provides quality housing and infrastructure solutions while catering to industrial alloy and railway sleeper demands. |
Top clients or who we serve Individual homebuyers, commercial clients, railway sector, and industrial customers; operates as B2C and B2B. |
Key management Mr. Syed Abdul Kabeer (Chairman & Managing Director), Mr. Syed Abdul Rasheed (Joint Managing Director), both with extensive industry experience. |
Our journey and innovations Launched multiple large-scale housing projects in Bangalore since 2003; expanded into industrial alloys and railway castings by 2008. |
Where we operate Primarily Karnataka with projects concentrated in Bangalore; limited operations in other Indian states. |
Top products or what we offer Residential apartments, commercial spaces, SG & grey iron castings, railway concrete sleepers. |
Top brands Alpine Eco, Alpine Viva, Alpine Vistula, Alpine Fiesta, Alpine Pyramid - well-known residential projects with modern amenities. |
Raw materials needed Steel and iron for castings; concrete for sleepers; raw materials sourced locally and through industrial suppliers. |
Raw materials supplier Local industrial suppliers and specialized alloy providers. |
Recurring vs cyclical contribution Revenue predominantly cyclical tied to project completion and industrial orders with some recurring maintenance contracts. |
Our industry position Leading regional real estate developer with a growing industrial segment; respected for quality and timely delivery. |
Financial highlights FY 2023-24 revenue Rs 57.56 crore, net profit Rs 5.06 crore, showing steady revenue growth and improved profitability. |
Geographical revenue split 100% revenue from Karnataka; other states currently contribute minimally. |
Order book - |
Whats driving growth Housing demand in Bangalore, expanded industrial capacity, metro connectivity, and diversified product offerings. |
Our future plans Focus on launching new housing projects, enhancing industrial production facilities, and geographical expansion within India. |
Our green promise Implements rainwater harvesting and promotes sustainable construction practices in residential projects. |
Our people and values 55 employees fostering a culture of safety, transparency, and customer-centricity. |
Key challenges ahead Navigating regulatory delays, market competition, and raw material price volatility. |
Interesting facts First phase of Alpine Pyramid was a phenomenal success due to location and quality construction. |
Risks and strategy Mitigating project delays through strong governance, and expanding product mix to balance cyclicality. |
