| Toll Division | Electronic toll collection, toll plaza operations and management. | Exclusive toll collection contracts, advanced ANPR and MLFF technology, extensive geographic presence. | Government transport authorities, public highway users (B2G and B2C mix). | Technology-enabled toll management and efficient revenue collection. | 382 | 77 | Toll revenue from vehicle passage fees, technology-enabled collections reducing leakages. | Toll fees regulated by contracts with authorities; revenue shares based on collections. | Government highway expansions, increasing vehicle traffic, adoption of MLFF toll collection. | Kaza Fee Plaza, Delhi-Meerut Expressway Toll Plaza, Mokha Fee Plaza |
| Work Contract Division and Machinery | EPC of roads, bridges, irrigation projects, civil construction, machinery rentals. | Strong project execution track record, long-term government relationships, diversified portfolio. | Government departments (NHAI, PWD), private infrastructure developers. | Large EPC contracts with superior execution capability. | 105 | 21 | Payments per project contract; mostly government agencies and private developers (B2B). | Fixed price contracts, milestones linked payments. | Robust government infrastructure spending; new project awards; urbanization demands. | |
| Real Estate Division | Residential real estate development, commercial leasing and property management. | Established real estate projects, integrated infrastructure expertise. | Retail homebuyers, commercial tenants (B2C and B2B). | Premium residential units and commercial leases. | 8 | 2 | Sale of residential units and lease rental income from commercial properties. | Upfront sale of units and leased rental agreements. | Urban housing demand, joint development agreements, rental income opportunities. | Karuna Sagar Project, New York City Project Indore |
