Company Overview

Kesar India Limited is a Nagpur-based real estate company developing affordable and luxury residential, commercial, and plotted development projects. Incorporated in 2003 and listed in 2022 (Scrip Code: 543542), the company has delivered + ongoing + upcoming + forthcoming projects totaling ~15.6 million square feet with an estimated Gross Development Value (GDV) of approximately ₹5,100 Crores across 29 projects.

Leadership & Management

Founder & Chairman Emeritus: Shri Gopal Fatehchand Gupta (4+ decades expertise in Real Estate & Finance).

Chairman: Yash Gopal Gupta (18+ years industry experience).

Managing Director: Sachin Gopal Gupta (IIM Ahmedabad & Bangalore alumnus, 10+ years experience).

Professional Management Team includes: Nisheet Gupta (Director, 12+ years experience), Pankhuri Gupta (Director, 6+ years real estate experience), Shweta Gupta (Director, previously with JLL), Priyanka Gajalwar (Director, 4+ years experience), and Chief Financial Officer (17+ years finance experience).

Business Segments & Strategy

The company operates through diverse segments: high-end luxury residential properties, commercial complexes, plotted developments, and mixed-use "live, work, play" spaces. Growth strategy emphasizes:

  • Developing existing land bank of 12.24+ million sq. ft. with additional development potential
  • Strategic land acquisition in Central India and Tier-2/Tier-3 cities
  • Geographic expansion into NCR, Hyderabad, Bangalore, Chennai, Vijaywada & Kanpur
  • International ventures in Dubai prop tech investments
  • Diversification into solar power sector
  • Flexible execution through SPVs and joint developments

Nagpur Market Positioning

Kesar India leverages Nagpur's position as:

  • 3rd largest city in Maharashtra after Mumbai & Pune
  • State's winter capital with efficient administrative setup (NIT, NMC, NMRDA, MIDC, MIHAN)
  • Home to MIHAN SEZ (multi-product SEZ linked to airport)
  • Emerging hub for pharmaceuticals, FMCG, and defense manufacturing
  • Ranked 1st among 30 cities on infrastructure and economic parameters
  • Proposed International Financial Services Centre (IBFC) in Hingna with ₹6,500 Crores investment

Infrastructure Development in Nagpur

Transport Infrastructure:

  • MRT Corridors: Phase 1 - 36.5 Km (High Capacity) + 16.6 Km (Medium Capacity); Phase 2 - 56.4 Km (Medium Capacity)
  • Proposed Peripheral Ring Road: 6-lane, 148 km connecting Samruddhi Mahamarg and major highways
  • Road Network Improvement: Phase 1 - 16.2 Km + 120.9 Km; Phase 2 - 15.6 Km
  • NMT Corridors: ~139 km identified

Projects Summary

Completed & Ongoing Projects (12 projects): 1,191 units totaling ~35,36,555 sq. ft. saleable area

  • Kesar Vihar (47 units, 78,540 sq. ft., Bhilgaon, Plots, Completed)
  • Kesar Signature (49 units, 89,912 sq. ft., Bhilgaon, Plots, Completed)
  • Kesar Garden 3 (74 units, 97,221 sq. ft., Bhilgaon, Plots, Completed)
  • Kesar Gold (120 units, Kamptee, Plots, Completed)
  • Kesar Gateway (351 units, Kamptee, Villas, Mall, Plots, Completed)
  • Kesar Gold Villas (42 units, Khairi, Villa/Bungalow, Ongoing)
  • Kesar Vihar 2 (42 units, Bhilgaon, Plots, Ongoing)
  • Kesar Riverdale (367 units, Sumthana, Plots, RERA In Process, Ongoing)
  • Kesar Business Park (Hingna MIDC, Commercial + Residential + Hotels, RERA In Process, Upcoming)
  • Code Name Mihan (Takli Sumthana, Commercial + Residential, RERA In Process, Upcoming)

Forthcoming & Pipeline Projects (14 projects): ~1,20,87,690 sq. ft. saleable area

  • Kesar Hills (87,45,190 sq. ft.)
  • Kesar Gold 2 (15,00,000 sq. ft.)
  • Kesar Gateway Mall & Tower (4,85,000 sq. ft.)
  • Kesar Code Name-B (2,85,000 sq. ft.)
  • Kesar G Bungalow (2,72,000 sq. ft.)
  • 9 additional projects ranging from 21,000 to 2,37,500 sq. ft.

Recent Business Updates

Execution Achievement: Kesar Gateway (1.5+ million sq. ft. development) completed 28 months ahead of schedule, well in advance of original March 2026 timeline.

Land Acquisitions:

  • Acquired 4 Acres at MIHAN-SEZ, Khapri Nagpur for ~₹600 Crores development
  • Acquired prime land parcel in Hingna, Nagpur (1.5+ msf development potential, ~₹900 Crores revenue potential)
  • Acquired 2 adjacent land parcels in Mouza Sumthana, Hingna (22.487 Acres total, ~₹200 Crores revenue potential)
  • Sold developed NA land to Godrej Properties (24,256 Sq. Mt. in Mauza Takli, Hingna) for ~₹115.7 Crores

EPC Contract: Secured ~₹160 Crores EPC contract for residential redevelopment project in Byculla, Central Mumbai with ~24-month execution timeline.

Industry Recognition: Ranked 6th in India for YoY revenue growth (250% growth in FY2024) in 2025 Grohe-Hurun India Real Estate 150.

Financial Performance (Consolidated, INR lakhs)

| Particulars | FY22 | FY23 | FY24 | FY25 | FY26 | YoY Growth |

| Revenue from Operations | 841.2 | 1,518.6 | 5,341.6 | 10,779.1 | 17,645.2 | 64% |

| Total Revenue | 908.7 | 1,543.4 | 5,399.6 | 10,987.0 | 17,948.5 | 63% |

| EBITDA | 533.1 | 133.9 | 1,532.9 | 2,865.0 | 4,623.8 | 61% |

| EBITDA Margin (%) | 63.4% | 8.8% | 28.7% | 26.6% | 26.2% | |

| Profit After Tax | 363.0 | 78.3 | 1,083.6 | 1,962.9 | 2,988.0 | 52% |

| PAT Margin (%) | 43.2% | 5.2% | 20.3% | 18.2% | 16.9% | |

CSR Initiatives

Focused on four key areas: Business Ethics, Employees, Environment, and Community. Specific programs include:

  • Education empowerment for underprivileged children
  • Bag distribution program
  • Providing books and educational materials
  • Teaching sessions and educational workshops
  • Upgradation of Cantonment board Hindi medium upper primary school to secondary school from academic year 2026-27
  • Supporting 'Chhoti Si Asha' initiative for birds

Awards & Recognitions

  • Lokmat Times Shining Star Award to Mr. Sachin Gopal Gupta
  • Economic Times - Icons of Nagpur Award to Kesar India Ltd
  • Excellence in Constructing Luxury Projects Award
  • Recognition from Ministry of Defence
  • Emerging Developer of the Year by ET Leadership Excellence Awards 2025