What we do Art Nirman Ltd is a public real estate developer focused on residential and commercial construction projects primarily in Ahmedabad, India, offering affordable to luxury housing and premium office spaces. |
Founded in 2,011 |
Market share Recognized developer in Ahmedabad with multiple completed projects and growing commercial contracts. |
Problem solved Addresses housing and commercial space demand in Ahmedabad with diverse property developments, including affordable housing and luxury options. |
Top clients or who we serve B2C residential buyers and B2B commercial clients, including clubs and private enterprises for construction contracts. |
Key management - |
Our journey and innovations Started in 2011, converted to a public company in 2016. Completed flagship projects by 2025 and operationalized Club Babylon in 2024. |
Where we operate Primarily operates in Ahmedabad, Gujarat, India. |
Top products or what we offer Residential and commercial real estate projects such as Shri Vishnudhara Cross Road, Shree Vishnudhara Gardens, Ashiyana Apartments, Shree Vishnudhara Essence, Omkar Enclave. |
Top brands Shri Vishnudhara Cross Road, Shree Vishnudhara Gardens, Ashiyana Apartments, Shree Vishnudhara Nidhi Apartment, Shree Vishnudhara Essence, Omkar Enclave, Club Babylon. |
Raw materials needed Cement, steel, bricks, construction materials sourced locally and through contracted suppliers. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from project sales and works contracts; cyclical with real estate market conditions. |
Our industry position Mid-sized developer focused on Ahmedabad with successful completed projects and growing works contracts. |
Financial highlights FY 2024-25 revenue INR 27.39 crore; net profit INR 1.99 crore; operational works contracts contribute substantially to revenue growth. |
Geographical revenue split Revenue predominantly from Ahmedabad and surrounding regions. |
Order book Ongoing construction contracts including Club Babylon and residential projects like Shree Vishnudhara Essence and Omkar Enclave. |
Whats driving growth Strong project completions, diversified residential and commercial offerings, and works contract revenues driving growth. |
Our future plans Expanding project portfolio with new residential and commercial developments; focus on operationalizing existing projects. |
Our green promise - |
Our people and values Committed leadership and governance with a six-member board, focusing on transparency and accountability. |
Key challenges ahead Market cyclicality in real estate and achieving steady project sales amidst competition. |
Interesting facts Converted from private to public company in 2016; operationalized a major club 'Club Babylon' in 2024. |
Risks and strategy Real estate market risks mitigated by diversified project mix and works contract focus; robust governance framework. |
