What we do Suyog Gurbaxani Funicular Ropeways Ltd designs, builds, operates funicular ropeway systems and related infrastructure on a BOT basis, enhancing connectivity in steep terrains in India. |
Founded in 2,010 |
Market share Pioneer and market leader in India's funicular ropeway sector with unique infrastructure offerings under PPP and BOT models. |
Problem solved Provides safe, efficient transportation in challenging hilly terrains improving access to pilgrimage and tourist sites. |
Top clients or who we serve Serves public institutions and tourists, primarily B2G via partnerships with government and B2C via tourism infrastructure. |
Key management Rajkumar Gurbaxani - Whole Time Director; Shivshankar Lature - Director (Board leadership with extensive industry expertise). |
Our journey and innovations Pioneered India’s first BOT funicular ropeway at Saptashrungi; integrated safety certified design from Ukraine-based consultants; inaugurated in 2018. |
Where we operate Operations centered in Nashik, Maharashtra with focus on Indian hill stations and pilgrimage sites. |
Top products or what we offer Funicular Ropeway System with AC coaches, supporting infrastructure including parking, shopping complex, hotel, and food services at Saptashrungi project. |
Top brands Saptashrungi Funicular Ropeway System - first and fastest growing BOT ropeway infrastructure in India. |
Raw materials needed Steel, cables, electrical components, construction materials, machinery parts for ropeway systems. |
Raw materials supplier Sourced through specialized vendors, including foreign suppliers for ropeway technology components such as from Ukraine’s Prommechanism. |
Recurring vs cyclical contribution Revenue largely recurring from toll collection and hospitality services with seasonal peaks during festivals. |
Our industry position Leader in India’s ropeway infrastructure with exclusive concession contracts and technology partnerships creating strong competitive moat. |
Financial highlights FY 2024-25 revenue Rs. 53 crore; Net profit Rs. 8.69 crore; steady profitability and stable cost management. |
Geographical revenue split Entire revenue generated from domestic operations focused in Maharashtra. |
Order book - |
Whats driving growth Growing pilgrimage tourism, government support for infrastructure, innovative BOT model and premium visitor services. |
Our future plans Expand ropeway projects, enhance hospitality offerings, leverage technology for operational efficiency and visitor engagement. |
Our green promise Efforts in energy conservation and installing DG sets to ensure sustainable power availability. |
Our people and values 341 employees with focus on training, safety culture, inclusivity, and ethical business practices. |
Key challenges ahead Project delays due to regulatory clearances, managing capital intensive expansion, and ensuring visitor safety. |
Interesting facts First BOT funicular ropeway in India; awarded 'Navratna Award' in 2017; technology accredited by Ukrainian institute. |
Risks and strategy Regulatory delays, operational safety risks mitigated by international design standards and strong government partnerships. |
