What we do S & T Corporation Ltd engages primarily in real estate development focused on residential and commercial projects in Mumbai, Nashik, and Goa, also venturing into bakery and food industries. |
Founded in 1,984 |
Market share Active in niche real estate markets of Mumbai with ongoing JV projects in key urban locations; small to mid-sized player with focused growth. |
Problem solved Addresses urban housing and commercial space demand amid rising incomes and service sector growth in Mumbai and other cities. |
Top clients or who we serve Real estate customers including home buyers, commercial space occupiers, joint venture partners; operates with a B2B and B2C mix. |
Key management Ajay Savai (Managing Director), Trishana Savai (Executive Director & CFO) with experienced board of directors in finance and real estate. |
Our journey and innovations Incorporated in 1984; expanded from food industry into real estate post 2011; commercial production began in 2018; ongoing projects in Mumbai suburbs via partnerships. |
Where we operate Mumbai, Nashik, Goa with projects in Chembur, Malad, Goregaon; India's western urban centers. |
Top products or what we offer Residential & commercial real estate developments, bakery products in initial ventures. |
Top brands - |
Raw materials needed Construction materials including land, cement, steel, building supplies for real estate developments. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely cyclical based on real estate project sales and development milestones. |
Our industry position Emerging developer with local presence; not a major market leader but positioned for growth in Mumbai real estate niche. |
Financial highlights FY 2024-25 revenue Rs 26.69 Lakhs; net profit Rs 6.97 Lakhs standalone showing turnaround from prior losses. |
Geographical revenue split Revenue primarily from Mumbai and surrounding cities; consolidated with subsidiarySsavai Abode LLP. |
Order book - |
Whats driving growth Rising urban demand, strategic JV projects, promoter expertise in Mumbai real estate. |
Our future plans Expansion of real estate projects in Mumbai and new developments in Nashik and Goa. |
Our green promise - |
Our people and values Small committed team of 4 with governance structures in place; focus on compliance and ethical conduct. |
Key challenges ahead Market cyclicality in real estate, regulatory changes, land acquisition competition, funding constraints. |
Interesting facts - |
Risks and strategy Mitigates market risks via joint ventures; focused on urban redevelopment opportunities; prudent financial management. |
