Draft:Shriram Properties Ltd
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| Type | Public company |
|---|---|
| BSE: 543419 NSE: SHRIRAMPPS | |
| Industry | Real estate, Property development |
| Founded | 2000 |
| Founder | Murali Malayappan |
Area served | India |
| Key people |
|
| Products |
|
| Revenue | ₹1,357 crore (FY 2025–26) |
| ₹177 crore (EBITDA, FY 2025–26) | |
| ₹101 crore (FY 2025–26) | |
Number of employees | 665 (as of 31 March 2025) |
| Parent | Shriram Group |
| Website | www |
| Footnotes IPO date: 8 December 2021; IPO issue price: ₹113–₹118 per share | |
Shriram Properties Limited (SPL) is an Indian real estate development company headquartered in Bengaluru, Karnataka.[1] Founded in 2000 by Murali Malayappan, the company operates as the real estate arm of the diversified financial and commercial conglomerate Shriram Group, which was established by R. Thyagarajan.[2][3]Shriram Properties became a publicly traded entity in December 2021 following its listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).[4][5]
The firm's corporate social responsibility (CSR) initiatives emphasize community welfare, disaster relief, and child nutrition. Shriram Properties has partnered with non-profit organizations, including donations of delivery vans and financial grants exceeding ₹32 lakh to the Akshaya Patra Foundation to support midday meal distribution for school children.[6][7]
History
[edit]Shriram Properties was incorporated in 2000 in Bengaluru[8][9]
Throughout its corporate history, the firm frequently partnered with financial institutions and real estate investment trusts to finance and execute construction ventures[10]. In December 2022, the company completed the acquisition of development rights for a ₹125-crore residential project from IIFL in Bengaluru.[11]
In December 2021, Shriram Properties launched its initial public offering to raise approximately ₹600 crore, consisting of a fresh issue of shares alongside an offer for sale (OFS) by existing stakeholders. The shares were offered within a price band of ₹113 to ₹118 per share[12]. The company officially listed on the BSE and NSE on 20 December 2021.[4][13][14][15]
Operations and projects
[edit]Shriram Properties operates an asset-light, capital-efficient operational model, emphasizing joint ventures (JV), joint development agreements (JDA), and development management (DM) partnerships to acquire and monetize land parcels.[1][3][16]
By 2024, the developer had completed 48 projects spanning approximately 27.6 million square feet of gross leasable and saleable area, catering to over 31,000 homebuyers.[16][8]
Corporate affairs and finances
[edit]| Year | Total revenue
(₹ in crore) |
EBITDA
(₹ in crore) |
PBT
(₹ in crore) |
Net profit (PAT)
(₹ in crore) |
Sales volume
(million sq ft) |
|---|---|---|---|---|---|
| FY 2023–24[2][15][14][10][11] | 973.4 | 202.8 | 87.9 | 77.3 | 4.30 |
| FY 2025–26 | 1,357.0 | 177.0 | — | 101.0 | 4.15 |
In the 2025–26 financial year, the developer registered aggregate sales value of ₹2,354 crore with gross customer collections reaching ₹1,661 crore and the handover of 3,465 residential units.[17][18]
See also
[edit]- Shriram Group
- Real estate in India
- List of companies based in Bengaluru
References
[edit]- 1 2 Gupta, Arbind (22 December 2024). "Shriram Properties aims for the bigger league". Business India. Retrieved 6 May 2026.
- 1 2 "Shriram Properties Reports Record Highs in Sales, Revenues, and Profits for FY24". BW Businessworld. Retrieved 6 May 2026.
- 1 2 "Shriram Properties inks JV for 4-acre housing project; eyes over Rs 250 cr revenue". The Economic Times. 21 May 2024. ISSN 0013-0389. Retrieved 6 May 2026.
- 1 2 "Shriram Properties' Rs 600-cr IPO to open on Dec 8". The Financial Express. 3 December 2021. Retrieved 6 May 2026.
- ↑ "Shriram Properties Ltd. Shareholding Pattern – Promoters, FIIs & DIIs". Value Research Online. Retrieved 28 September 2026.
- ↑ MediaInfoline (25 January 2017). "Shriram Properties donates Rs. 32 lakhs to Akshaya Patra Foundation". Media Infoline. Retrieved 6 May 2026.
- ↑ "Vans donated to Akshaya Patra". BusinessLine. 25 January 2017. Retrieved 6 May 2026.
- 1 2 "Shriram Properties gains 3% on new project launch in Chennai - CNBC TV18". CNBCTV18. 25 September 2024. Retrieved 6 May 2026.
- ↑ www.ETRealty.com. "Codename The One: A Signature Offering from Shriram Properties". ETRealty.com. Retrieved 6 May 2026.
- 1 2 Khan, Sobia (8 November 2018). "Shriram properties raises Rs 125 cr from LIC Housing finance arm for Bengaluru project". The Economic Times. ISSN 0013-0389. Retrieved 6 May 2026.
- 1 2 Khan, Sobia (14 December 2022). "Shriram Properties acquires Rs 125 crore development project from IIFL". The Economic Times. ISSN 0013-0389. Retrieved 6 May 2026.
- ↑ "How To Check Shriram Properties IPO Allotment Status Online easily". Groww. Retrieved 28 September 2026.
- ↑ www.ETRealty.com. "Shriram Properties' net profit up 136.41% in Q4 FY25". ETRealty.com. Retrieved 6 May 2026.
- 1 2 MP, Team (21 February 2018). "Shriram Properties unveils master plan for Shriram Grand City". www.millenniumpost.in. Retrieved 6 May 2026.
- 1 2 "Our projects in Vizag, withstood the Hudhud cyclone". www.constructionworld.in. Retrieved 6 May 2026.
- 1 2 Babar, Kailash; Khan, Sobia (26 April 2022). "Logos to set up logistics park at Shriram Grand in Kolkata". The Economic Times. ISSN 0013-0389. Retrieved 6 May 2026.
- ↑ Khan, Sobia (13 August 2025). "Shriram Properties' Q1 net profit rises 18% YoY, revenue up 24%". The Economic Times. ISSN 0013-0389. Retrieved 18 June 2026.
- ↑ "Shriram Properties Q1 results: Profit up 59% at Rs 16.6 crore". Moneycontrol. Archived from the original on 20 November 2023. Retrieved 18 June 2026.