What we do Prozone Realty Ltd develops, owns, and operates shopping malls, residential and commercial properties, with a focus on build-sell and leasing models in India's tier 2 and 3 cities. |
Founded in 2,007 |
Market share Owns 15.54 million sq ft land bank across 6 cities with prominent malls like Prozone Aurangabad and Coimbatore, commanding strong retail presence. |
Problem solved Addresses urban retail and residential space demand by developing world-class malls and residential projects, fostering urban consumer growth in emerging cities. |
Top clients or who we serve Serves retail tenants, commercial clients, and residential buyers mainly in Tier 2 and 3 Indian cities; B2B and B2C mix. |
Key management Nikhil Chaturvedi, Managing Director; Bipin Gurnani, Whole-time Director. |
Our journey and innovations Founded as Prozone Capital Shopping Centres Ltd in 2007; rebranded to Prozone Realty Ltd in 2022; launched multiple malls and residential projects; expanded land bank significantly. |
Where we operate Mainly in Indian cities including Aurangabad, Coimbatore, Nagpur, Indore, Mumbai and others. |
Top products or what we offer Mixed-use developments including Prozone malls, residential towers, and commercial properties with build-sell residential and build-lease retail models. |
Top brands Prozone Aurangabad Mall (#1 regional mall), Coimbatore Mall (96% occupancy), Ch Sambhaji Nagar Mall (95% occupancy). |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Leasing segment provides recurring income; outright sales segment delivers cyclical revenue. |
Our industry position Leader in retail real estate in Tier 2/3 cities with a robust land bank and expanding mixed-use properties. |
Financial highlights FY25 consolidated revenue ~Rs 191 crore; EBITDA grew 50% in 9M FY26; Q3 FY26 PBT Rs 108 million, 152% YoY increase. |
Geographical revenue split Revenue primarily from Indian regional malls and residential projects across 6 cities. |
Order book - |
Whats driving growth Strong urbanization driving retail and residential demand; successful leasing and sales; new project launches and high occupancy rates. |
Our future plans Continue phased development of land bank; focus on build-sell residential and build-lease retail; expand mall portfolio and residential units. |
Our green promise - |
Our people and values Committed to corporate governance, diversity, and employee well-being with structured board and policies. |
Key challenges ahead Market fluctuations impacting sales, economic conditions affecting leasing, and urban competition risks. |
Interesting facts Prozone has partnerships with international investors like Intu Properties and Lewis Trust Group; operates debt-free annuity assets model. |
Risks and strategy Mitigates risks via diversified revenue streams, strong land assets, and phased development strategy focusing on urban growth. |
