Ashiana Housing

Ashiana Housing Limited
Public
Industry Real Estate
Genre BSE: 523716
NSE: ASHIANA
Founded 1979
Founder Om Gupta
Headquarters New Delhi, India
Area served
 New Delhi, Bhiwadi, Neemrana, Jaipur, Jodhpur, Jamshedpur, Lavasa, Kolkata, Chennai, Gujarat
Key people
 Mr. Vishal Gupta(Managing Director)
Mr. Ankur Gupta (Jt. Managing Director)
Mr. Varun Gupta(Whole Time Director)
Products Apartments
Retirement community
Assisted living
Retail
Hotels
Services Facilities management
Revenue Increase INR1, 1614.18 million (FY 2012-13)
Increase INR 331.47 million (FY 2012-13)
Total assets Increase INR 574.06 million (FY 2012-13)[1]
Subsidiaries Ashiana Maintenance Services, Latest Developers Advisory Limited, Topwell Projects Consultants Limited
Website https://www.ashianahousing.com

Ashiana Housing Ltd. (AHL) is an Indian real estate development company established in 1979 with its head office in New Delhi, India. It was the only Indian real estate company to be recognized by Forbes as Asia's 200 Best Under A Billion (2010 and 2011).[2] Ashiana Housing is a mid-income housing developer with primary focus on Senior Living and Care Homes (i.e. assisted living) for the elderly. In recent times, the company has expanded its reach from group housing to facility management, retail and hotels, as well as maintenance and resale of property after possession.

History

Ashiana Housing Ltd.[3] is involved in middle to upper-middle income residential housing projects in satellite cities and towns in India– around industrial hubs – predominantly along the Delhi-Mumbai industrial corridor being promoted by the Government of India. Its residential real estate development projects range from apartments to group housing projects. In addition, it also develops limited retail and commercial properties, including hotels.

The company was incorporated on June 25, 1986 under the Companies Act, 1956, as Ashiana Housing & Finance (India) Limited. Subsequently, the name of the Company was changed to its present name in the year 2007.

As of December 31, 2014, the company completed 24 residential developments and 6 commercial developments, aggregating 10.74 million square feet of saleable area. Its ongoing projects include:

  • 13 projects comprising 11 residential developments and 2 commercial developments, aggregating approximately 6.38 million square feet of saleable area
  • 15 future projects comprising 13 residential developments and 2 commercial developments, aggregating approximately 8.40 million square feet of saleable area

Sponsorships and Joint Ventures

On 4 January 2010, Ashiana announced a Joint Venture with the Mangalam group in Jaipur for the development of 31 acres of land. The Ashiana Mangalam partnership built several projects in Jaipur.[4][5]

Ashiana Housing raised Rs 200 crore from Goldman Sachs and Creador by way of Qualified Institutional Placement of its equity shares in February 2015.[6][7]

In June 2015, Ashiana joined Escapade Real Estate, a part of Arihant Foundations, to launch a housing project called “Ashiana Shubham”[8] for senior living and normal housing in Chennai.[9]

In July 2015, Ashiana signed a partnership deal with Shriram Properties to develop a housing project in Kolkata. Through this partnership with Bengal Shriram Hi Tech City Pvt. Ltd. (a group company of Shriram Properties Ltd.), the company will develop senior living as well as regular housing on 19.72 acres of land.[10]

Financial Summary

During the fiscal year 2014-15, Ashiana’s net profit doubled to Rs 46.49 crore from Rs 21.86 crore (previous fiscal year). Income from operations increased to Rs 142.70 crore from Rs 110.65 crore. The company claims to have raised Rs 200 crore in 2015 from investors through Qualified Institutional Placement. In the fiscal year 2012-13, the company posted a profit after tax of Rs. 33.2 crore. The company reported a 61% increase in revenues (sales & other income) in 2011-12 over the previous financial year (2010–11).[11]

Company Leadership

Senior Management

Vishal Gupta Managing Director,looks after the general management of company affairs including finance, engineering and architecture, and project execution.[12]

Ankur Gupta, Joint Managing Director,is an alumnus of New York University and specializes in senior housing. He also looks after sales & marketing, and IT. He also leads all the residential projects for senior living as well as the facilities management segment.[13]

Varun Gupta, Whole Time Director, graduated as ‘Magna Cum Laude’ from NYU as a Bachelor of Science. He handles land – legal, corporate affairs, finance, strategy and investor relations.

Other Key People[14]

  • Shyamal Palit - Vice President (Operations)
  • Vikash Dugar - Chief Financial Officer
  • Shantanu Haldule - Vice President (Gurgaon & Jamshedpur)
  • Pramod Kumar Jaiswal - Vice President (Bhiwadi & Neemrana)
  • Sanjeev Rawat - Vice President (Jaipur & Jodhpur)
  • Dinesh Chandra Singh - Vice President (Halol)
  • Manoj Tyagi - Vice President (Pune)
  • Vijay Moorthy - Vice President (Chennai)
  • Shantashil Ganguly - Vice President (Kolkata)
  • Atma Sharan - Vice President (Facility Management and Senior Living)
  • Bhagwan Kumar - General Manager (Land & Legal)
  • Anupama Gulati - General Manager (Sales)

Board of Directors [15]

  • Anand Narayan - Non-Executive Director
  • Abhishek Dalmia - Independent Director
  • Hemant Kaul - Independent Director
  • Sonal Mattoo - Independent Director

Corporate Social Responsibility

Ashiana Training Institute: Aside from providing employment to thousands of unskilled and semi-skilled workers and migrant laborers at its construction sites, the company provides skill training (plumbing, electrical and masonry) to help laborers earn better wages.[16]

Phoolwari: Ashiana Housing started a day-care initiative for the children of laborers working at construction sites named Ashiana Phoolwari, focusing on child hygiene, health, well-being and education.[17]

Women Empowerment: The Company provides skill training programs for women laborers to help them earn equal wages (to men) and improve their job prospects. It also sponsors a monthly Panchayati Raj Training Programme for elected women representatives in partnership with Kiran Bedi’s Navjyoti Foundation.[18]

Environmental Efforts: As part of its corporate social responsibility towards the environment, the company follows best practices for solid waste management, optimal use of natural resources and extensive planting of trees on all Ashiana properties.

Awards and recognition

DateAwardAwarded By
2017NDTV best budget housing – Dwarka, Jodhpur[19]NDTV Profit
2017CIDC Vishwakarma Achievement Award for Construction Skill Development[20]CIDC Vishwakarma Awards
2015Best Budget Apartment Project of the Year[21]NDTV Profit
2015Bhamashah Award (thrice in a row) for Contribution to the Field of Education in Rajasthan [22]Government of Rajasthan
2015The Most Promising Company of The Next Decade [23]CNBC Awaaz during The Good Governance Summit
2014Realty Giant of North IndiaM/s Think Media Inc.'s
2012Best Affordable Housing award for Ashiana Aangan, Bhiwadi and Ashiana Woodland, Jamshedpur [24]CNBC Awaaz's Real estate Awards
2012India's Best Theme Based Township for Ashiana Utsav, Bhiwadi [25]Credai Real Estate Awards
2011Asia's 200 Best Under A Billion [26]Forbes
2011Best Residential Project - North to Ashiana Aangan [27]ZEE Business - RICS
2011Best residential project - East to Ashiana Woodlands [28]ZEE Business - RICS
2010Asia's 200 Best Under A Billion [29]Forbes
2010BMA-Siegwerk Award for Corporate Social ResponsibilityBhiwadi Manufacturers Association

References

  1. ↑ "Ashianahousing" (PDF). Ashiana. Retrieved 14 March 2014.
  2. ↑ "O.P. Gupta, Chairman, Ashiana Housing". Ming your Business. Retrieved 19 October 2015.
  3. ↑ "Can Ashiana Housing replicate its success outside North India". Forbes India Magazine. Forbes. 3 March 2015. Retrieved 19 October 2015.
  4. ↑ "Ashiana Housing Q4 net up by 57 per cent at Rs 26.65 crore". Economic Times. 3 Jun 2012. Retrieved 19 October 2015.
  5. ↑ "Ashiana & Mangalam Group launch new residential project in Jaipur". Projects Today. Retrieved 19 October 2015.
  6. ↑ "Ashiana Housing raises Rs 200 cr via QIP". Business Standard. 10 February 2015. Retrieved 19 October 2015.
  7. ↑ "Creador invests $16.2m in Indian housing developer Ashiana". AltAssets. 11 Feb 2015. Retrieved 19 October 2015.
  8. ↑ "Project Ashiana Shubham in Chennai by Ashiana".
  9. ↑ "Ashiana Housing, Escapade Real Estate to offer retirement home in Chennai". Business Standard. 14 June 2015. Retrieved 19 October 2015.
  10. ↑ "Ashiana Housing enters into development agreement". Sharekhan. ShareKhan. 14 July 2015. Retrieved 19 October 2015.
  11. ↑ "Ashiana Housing Ltd (ASFI:Natl India)". Bloomberg Business. Retrieved 19 October 2015.
  12. ↑ "Vishal Gupta, Managing Director, Ashiana Housing Limited". India Info Online. Retrieved 19 October 2015.
  13. ↑ "Executive Profile Ankur Gupta". Bloomberg Business. Retrieved 19 October 2015.
  14. ↑ "Ashiana Housing Ltd (AHFN.NS)". Reuters. Retrieved 19 October 2015.
  15. ↑ "Ashiana Housing Ltd (ASFI:Natl India)". Bloomberg. Retrieved 19 October 2015.
  16. ↑ "FICCI - Corporate social Responsibility Awards" (PDF). FICCI. Federation of Indian Chambers of Commerce and Industry. Retrieved 19 October 2015.
  17. ↑ "Ashiana Housing Ltd Conferred with FICCI CSR Award". Business Wire India. 27 July 2015. Retrieved 19 October 2015.
  18. ↑ "CSR Activities". Ashiana Housing. Retrieved 19 October 2015.
  19. ↑ "Property Awards Winners 2016". NDTV. NDTV. Retrieved 21 April 2017.
  20. ↑ "9th CIDC Vishwakarma Awards 2017" (PDF). CIDC. CIDC. Retrieved 21 April 2017.
  21. ↑ "Intimation about felicitation of Rangoli Gardens as "Best Budget Apartment Project of the Year" by NDTV". The Hindu BusinessLine. 23 March 2015. Retrieved 20 October 2015.
  22. ↑ "Ashiana Housing wins 'Bhamashah award'". Finalaya News. 30 June 2015. Retrieved 20 October 2015.
  23. ↑ "CNBC Awaaz felicitates Ashiana Housing with "The Most Promising Company of the next Decade" at its Act for Good Governance Summit". First Report. 27 January 2015. Retrieved 20 October 2015.
  24. ↑ "Ashiana Housing - CNBC Awaaz awards Ashiana Aangan, Bhiwadi the Best Affordable Housing in NCR and India". Money Control. Retrieved 20 October 2015.
  25. ↑ "Ashiana Housing - CREDAI India awards Ashiana Utsav, Bhiwadi the Best Theme Based Township (Non-Metro)". Money Control. Retrieved 20 October 2015.
  26. ↑ "Asia's 200 Best Under A Billion". Forbes. Retrieved 20 October 2015.
  27. ↑ "Winners of Zee Business – RICS Real Estate Awards". Essel Group. Retrieved 20 October 2015.
  28. ↑ "Winners of Zee Business – RICS Real Estate Awards". Essel Group. Retrieved 20 October 2015.
  29. ↑ "Asia's 200 Best Under A Billion". Forbes. Retrieved 20 October 2015.
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