What we do Kalind Ltd is an Indian company engaged in leasing and renting heavy earthmoving equipment, civil works, and real estate development. |
Founded in 1,994 |
Market share A publicly listed company with a growing presence in earthmoving equipment leasing and real estate sectors post 2020 management change. |
Problem solved Provides critical machinery and civil infrastructure services, enabling construction and industrial projects efficiently. |
Top clients or who we serve Customers include construction firms and infrastructure developers; operates in B2B market primarily. |
Key management - |
Our journey and innovations Founded in 1994, originally a financial services firm; shifted to real estate and earthmoving equipment leasing post-2020; expanded via acquisitions in 2025. |
Where we operate Primarily India, headquartered in Surat, Gujarat. |
Top products or what we offer Earthmoving equipment leasing, civil works, real estate development including commercial and residential properties. |
Top brands Kalind Earth Movers (upcoming after acquisition), Arunis realty projects. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely cyclical, linked to real estate development and equipment leasing demand. |
Our industry position Emerging player in earthmoving and real estate segments with recent strategic shifts and expansion plans. |
Financial highlights FY 2024-25 revenue nominal due to transition; profit loss Rs. -1.65 crore; Rights Issue underway raising Rs.60.48 crore for expansion. |
Geographical revenue split - |
Order book - |
Whats driving growth Growth driven by new management focus on earthmoving equipment leasing, acquisitions, and rights issue capital infusion. |
Our future plans Expand earthmoving equipment business through acquisitions; grow real estate portfolio; increase market presence. |
Our green promise - |
Our people and values Focus on governance and compliance; recent board restructuring for strategic growth. |
Key challenges ahead Managing transition from past activities to new business focus; market competition; execution of expansion plans. |
Interesting facts Underwent major management and business model change in 2020; shifting from financial services to real estate and machinery leasing. |
Risks and strategy Risks include market cyclicality and integration risks; strategy revolves around asset acquisition and diversification. |
