What we do Shraddha Prime Projects Ltd is a Mumbai-based real estate developer specializing in residential projects, townships, and slum rehabilitation with a focus on redevelopment. |
Founded in 1,993 |
Market share A prominent real estate player in Mumbai with key redevelopment project approvals and diversified residential offerings. |
Problem solved Addresses urban housing needs through redevelopment and new construction, enhancing residential infrastructure in Mumbai. |
Top clients or who we serve B2B and B2C segments including housing societies, end customers, and real estate investors mainly in Mumbai. |
Key management Mr. Sudhir Balu Mehta (Managing Director) leads a diverse board with independent directors ensuring governance excellence. |
Our journey and innovations Founded as Towa Sokki Ltd, transitioned to real estate in 2021; launched multiple flagship residential projects in 2024. |
Where we operate Operations are centered in Mumbai with projects spread across suburban locations including Mulund, Kanjurmarg, Bhandup, and Borivali. |
Top products or what we offer Residential projects such as Shraddha Paradise Enclave, Shraddha Pavilion, Shraddha Panorama, Shraddha Palacious, and others. |
Top brands Shraddha Paradise Enclave, Shraddha Pavilion, Shraddha Panorama, Shraddha Palacious - key projects driving revenue and growth. |
Raw materials needed Construction materials like cement, steel, aggregates, and other building materials required for residential projects. |
Raw materials supplier Supplied by various regional construction material providers and contractors. |
Recurring vs cyclical contribution Revenue is primarily project-based and cyclical, typical of real estate development cycles. |
Our industry position Emerging leader in Mumbai redevelopment projects with expanding footprint and growing orderbook. |
Financial highlights Consolidated revenue Rs. 155.58 Cr, net profit Rs. 24.64 Cr for FY 2024-25; strong revenue growth over previous year. |
Geographical revenue split 100% revenue generated from operations within India, primarily Mumbai metro region. |
Order book Multiple ongoing projects including stakes in various LLPs with high-value redevelopment contracts secured. |
Whats driving growth Rapid urbanization, approvals of redevelopment projects, aggressive market expansion, and strategic partnerships. |
Our future plans Increase stake in LLPs, complete ongoing projects, launch new developments, expand presence in Mumbai suburbs. |
Our green promise Measures to conserve energy and minimize wastage implemented; sustainability in construction being considered. |
Our people and values Diverse leadership and workforce with focus on corporate governance, ethics, and employee well-being. |
Key challenges ahead Regulatory approvals, construction delays, market competition, and compliance risks remain critical. |
Interesting facts Company transformed from manufacturing survey instruments to real estate developer in 2021, reflecting strategic pivot. |
Risks and strategy Risk mitigation includes diversification, internal controls, compliance systems, and prudent project management. |
