What we do Parshwanath Corporation Limited develops residential and commercial housing projects in India, blending innovation with quality since 1967. |
Founded in 1,986 |
Market share Emerging housing developer with focus on small-scale projects and interest income contribution due to current project hiatus. |
Problem solved Addresses demand for quality residential and commercial properties, enhancing lifestyles with balanced luxury and innovation. |
Top clients or who we serve Real estate buyers seeking premium residential and commercial properties in India; operates mainly B2C. |
Key management Rushabh N. Patel, Managing Director; Riddhiben R. Patel, Joint-Managing Director & CFO. |
Our journey and innovations Started as housing finance in 1986, shifted to construction in 2011, established partnerships, maintaining steady growth. |
Where we operate Primarily in India with a focus on Gujarat region. |
Top products or what we offer Residential properties under 'Parshwanath Homes,' commercial real estate development. |
Top brands Parshwanath Homes - Known for quality and innovation in residential projects. |
Raw materials needed Construction materials like cement, steel, aggregates supplied via local vendors. |
Raw materials supplier Unsigned local and regional construction suppliers. |
Recurring vs cyclical contribution Currently, revenues are primarily from interest income; project-based income is cyclical. |
Our industry position Small but established regional developer with emphasis on quality and innovation in housing. |
Financial highlights FY 2024-25 revenue Rs. 70.19 lakhs; net profit Rs. 55.59 lakhs; steady growth from prior year. |
Geographical revenue split - |
Order book No active housing projects currently; revenue mainly from interest income. |
Whats driving growth Focus on renewing construction projects and increasing profitability through operational efficiency. |
Our future plans Plans to recommence housing projects and expand construction activities for growth. |
Our green promise - |
Our people and values Small leadership team fostering innovation, integrity, and customer-centric values. |
Key challenges ahead Current lack of active projects; dependence on interest income; competitive real estate sector. |
Interesting facts Transitioned from housing finance to construction in 2011; over five decades in real estate sector. |
Risks and strategy Mitigating project inactivity risk by seeking new development opportunities and stable revenue streams. |
