What we do Ashima Ltd is primarily a real estate company with investment portfolio management. It transitioned from textiles to focus on luxury residential projects and investments. |
Founded in 1,992 |
Market share Known for quality residential real estate projects in Ahmedabad; investment division outperforms market benchmarks over long term. |
Problem solved Provides high-end residential housing options and investment growth opportunities in volatile markets. |
Top clients or who we serve Residential home buyers in Ahmedabad; investors seeking portfolio management. Operates B2C (real estate) and B2B (investment management) segments. |
Key management Chintan N. Parikh, Chairman & Managing Director; Krishnachintan C. Parikh, Executive Director, with strong leadership in real estate and investments. |
Our journey and innovations Started in textiles; shifted focus post-2024 by closing cotton textile operations; launched luxury projects 'Swan Lake' and 'The Sovereign'; incorporated wholly owned subsidiary for portfolio management. |
Where we operate Primarily in Ahmedabad, Gujarat, India. |
Top products or what we offer Luxury residences including 'The Sovereign'; plotted development 'Swan Lake'; portfolio management through Ashima Capital Management Ltd. |
Top brands The Sovereign: premium 37-floor residential tower; Swan Lake: plotted residential project near Ahmedabad. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue from real estate sales (project-based) and investment income (market influenced) show a mix of cyclical and recurring elements. |
Our industry position Established real estate developer in Ahmedabad with growing investment arm; adapting from historic textiles legacy. |
Financial highlights FY2024-25 revenue approx. Rs.10.48 Cr; reported net loss Rs.19 Cr impacted by textile closure and market volatility; segmented profits from real estate and investments positive. |
Geographical revenue split 100% revenue from India, primarily Gujarat region. |
Order book - |
Whats driving growth Real estate project completions and launches, strategic portfolio management with SEBI PMS license, and value investing philosophy. |
Our future plans Complete ongoing projects; expand luxury residential offerings; grow portfolio management business via Ashima Capital Management Ltd. |
Our green promise - |
Our people and values Focused leadership promotes innovation and integrity; adherence to corporate governance and employee welfare standards. |
Key challenges ahead Market volatility impacting investment income; real estate sales pace; closure impact of textile business; ensuring project execution on schedule. |
Interesting facts Transitioned from textiles to real estate and investment management; owns a 430 ft residential tower 'The Sovereign'. |
Risks and strategy Risks include market fluctuations and real estate sector cycles; mitigation via diversification and strong governance. |
