What we do Garnet Construction Ltd is a Mumbai-based real estate developer specializing in residential, commercial, and industrial projects across 600+ acres with innovative designs. |
Founded in 1,992 |
Market share Established with over three decades of experience, Garnet holds a significant presence in Maharashtra's real estate market. |
Problem solved It addresses the need for financially secure, well-planned housing, commercial spaces, and industrial developments with self-funded projects. |
Top clients or who we serve Serves retail home buyers, commercial clients, and industrial customers in Maharashtra (B2C, B2B). |
Key management Founder Kishan Kumar Kedia leads as Managing Director with proven leadership over three decades. |
Our journey and innovations Started in 1995 with self-funded projects, expanded from industrial plots to residential projects in Lonavala and Khopoli, emphasizing financial discipline. |
Where we operate Operates in Maharashtra, primarily around Mumbai, Raigad, Lonavala, and Khopoli. |
Top products or what we offer Residential housing, commercial plots, retail outlets, industrial sheds and galas with modern designs. |
Top brands Magic Hills Khopoli, Lonavala Residential Project; known for financial prudence and quality developments. |
Raw materials needed Construction materials like cement, steel, bricks sourced locally. |
Raw materials supplier Not specifically disclosed, likely local suppliers and manufacturers. |
Recurring vs cyclical contribution Revenue primarily cyclical tied to project completion and real estate sales. |
Our industry position A respected mid-sized player with strong local presence and financial prudence in Maharashtra real estate. |
Financial highlights For FY2025, revenue at Rs 19.4 crore with profit after tax Rs 7.4 crore, showing strong growth from previous year. |
Geographical revenue split Revenue derived mainly from Maharashtra state projects. |
Order book - |
Whats driving growth Growth driven by operational sales, disciplined self-funded projects, and expanding real estate demand locally. |
Our future plans No significant change in business activity; focus on ongoing and upcoming residential and industrial projects. |
Our green promise - |
Our people and values Emphasizes corporate governance, ethical business practices, and employee dedication. |
Key challenges ahead Market cyclicality, regulatory changes, and maintaining financial discipline amid growth. |
Interesting facts Has maintained self-funding since inception, avoiding financial uncertainties for over 30 years. |
Risks and strategy Minimal operational risk due to sound financial controls; mitigates risks through governance and compliance. |
