Ajmera Realty

Mumbai, India Founded: 1967 • Age: 59 yrs Listed
Commercial and residential real estate development services are provided.

About Ajmera Realty

Ajmera Realty is a publicly listed company based in Mumbai (India) founded in 1967. Commercial and residential real estate development services are provided. Ajmera Realty has raised $1.56 million across 1 funding round. The company has 49 employees. Its chief executive, as recorded, is Nallore Ramamurthy Srinivasan. Its website ajmera.com draws about 16 thousand monthly visits. Its Indian entity Ajmera Realty & Infra India Limited reported revenue of β‚Ή1,098 Cr. Its focus areas include Real Estate and Construction, Real Estate & Infrastructure Developers and Diversified. Its competitors include Godrej Properties and DLF India.

Company details

Ajmera Realty was established in 1967 in Mumbai, India, within the real estate sector. Development services for commercial and residential properties are handled, with operations centered on urban projects in the region. Focus is placed on construction and management of real estate assets, serving local markets through structured planning and execution processes. The company is led by CEO Nallore Ramamurthy Srinivasan.

Key Metrics
  • Market Cap
    ₹2,713 Cr

    AJMERA · NSE

  • Share Price
    ₹132.59

    -3.82% today

  • Revenue
    ₹1,090 Cr

    FY 2025-26 · +47.8% YoY

  • EBITDA
    ₹298 Cr

    Margin 27.4%

  • Net Profit
    ₹150 Cr

    FY 2025-26 · +21.3% YoY

  • P/E (TTM)
    17.0x

    P/B 1.9x

  • ROE
    12.1%

    ROCE 14.8%

  • Debt / Equity
    0.53

    Interest cover 24.9x

  • Total Equity Funding
    $1.56M (USD)

    in 1 rounds

  • Latest Funding Round
    $1.56M (USD), Angel Round

    Mar 2024

  • Employee Count
    49

Funding Insights of Ajmera Realty

Ajmera Realty has successfully raised a total of $1.56M through 1 strategic funding round. The most recent funding activity was a Angel Round of $1.56 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $1.56M
  • Total Rounds 1
  • Last Round Angel Round β€” $1.56M
  • First Round $1.56M

    (Mar 2024)

All 1 funding rounds of Ajmera Realty with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Mar 2024$1.56MAngel Round––
–

Board of directors of Ajmera Realty & Infra India Limited (Ajmera Realty)

Ajmera Realty & Infra India Limited is the primary company behind Ajmera Realty. The boards of the 6 registered companies of Ajmera Realty currently have 14 directors; the longest-serving is Rajnikant Shamalji Ajmera, appointed in 2007. 36 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rajnikant Shamalji Ajmera
DIN 00010833
Director12 Jun 200719 yrs 4 moAjmera Clean Green Energy Limited, Ajmera Realty & Infra India Limited, Ajmera Realty Ventures Private Limited
Dhaval Rajnikant Ajmera
DIN 00012504
Director01 Oct 200917 yrs 1 moAjmera Clean Green Energy Limited
Nimish Shashikant Ajmera
DIN 00012508
Director01 Oct 200917 yrs 1 moAjmera Clean Green Energy Limited, Ajmera Realty Ventures Private Limited
Bandish Bhogilal Ajmera
DIN 00012318
Director24 Mar 201412 yrs 7 moAjmera Habitat Private Limited, Ajmera Realty Ventures Private Limited
Atul Chhotalal Ajmera
DIN 00013747
Director24 Mar 201412 yrs 7 moAjmera Habitat Private Limited, Ajmera Realty Ventures Private Limited
Umang Mitul Mehta
DIN 07974230
Designated Partner28 Nov 20178 yrs 11 moMahant Construction Llp
Paras Kiritkumar Doshi
DIN 07974227
Designated Partner28 Nov 20178 yrs 11 moMahant Construction Llp
Manish Shantilal Doshi
DIN 05120564
Designated Partner13 Dec 20178 yrs 10 moMahant Construction Llp
Manoj Ishwarlal Ajmera
DIN 00013728
Designated Partner27 Mar 20197 yrs 7 moShree Ram Estate Llp, Ajmera Realty & Infra India Limited, Ajmera Habitat Private Limited, Ajmera Realty Ventures Private Limited
Shashikant Shamalji Ajmera
DIN 00012273
Designated Partner27 Mar 20197 yrs 7 moShree Ram Estate Llp
Sanjay Chhotalal Ajmera
DIN 00012496
Designated Partner27 Mar 20197 yrs 7 moShree Ram Estate Llp, Ajmera Realty & Infra India Limited
Hemanti Prashant Sutaria
DIN 05012487
Director11 May 20242 yrs 5 moAjmera Realty & Infra India Limited
Jayesh Jayantilal Mehta
DIN 00030636
Director11 Aug 20242 yrs 2 moAjmera Realty & Infra India Limited
Shruti Anup Shah
DIN 08337714
Director14 Nov 20241 yr 11 moAjmera Realty & Infra India Limited

People of Ajmera Realty

1 people are tracked at Ajmera Realty (1 in leadership); the tracked headcount is 49.

NameRoleGroup
Nallore Ramamurthy Srinivasan
CEOLeadership
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Complete people profiles for Ajmera Realty

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of Ajmera Realty

Ajmera Realty is a publicly listed company on the NSE with ticker symbol AJMERA in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date16 Jun 2009
  • Listed onNSE: AJMERA
  • Listed entityAjmera Realty & Infra India Ltd
  • Exchange sectorFinance

Financials of Ajmera Realty

Exchange-reported figures of Ajmera Realty & Infra India Limited, the listed company behind Ajmera Realty (NSE: AJMERA).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹1,090 Cr
+47.8% YoY
EBITDA
₹298 Cr
+29.3% YoY
Profit After Tax
₹150 Cr
+21.3% YoY
Net Worth
₹1,398 Cr
+15.9% YoY
Total Assets
₹2,277 Cr
+11.9% YoY
Total Debt
₹711 Cr
+5.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,090738700431483347344
Revenue growth+47.8%+5.4%+62.4%-10.7%+39.2%+0.7%-
EBITDA29823120112411695.42104
EBITDA margin+27.4%+31.3%+28.7%+28.9%+24.1%+27.5%+30.3%
Profit before tax22916713996.1961.7341.0042.67
Net profit15012310371.5045.5730.1832.79
Net profit margin+13.7%+16.7%+14.7%+16.6%+9.4%+8.7%+9.5%
EPS (β‚Ή)7.616.4028.9820.1512.798.509.22
Balance sheet
Total assets2,2772,0341,8471,8491,8091,7391,812
Net worth1,3981,207866774710665639
Total debt711676808843868775968
Cash & bank86.9810111740.2635.3242.6822.05
Net working capital1,8921,6741,5011,3911,2111,1241,242
Cash flow
Cash from operations68.637.55220135(63.61)201(17.85)
Cash from investing(48.29)(11.71)(75.92)(45.23)28.54(9.49)11.36
Cash from financing(55.95)(0.84)(97.32)(86.15)33.26(175)(0.77)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue317431182219258151193200
Revenue growth (YoY)+22.7%+184.8%-5.8%+9.6%+33.4%---
Other income2.862.981.772.301.192.306.244.20
EBITDA91.2610754.8857.9778.1543.3662.5960.37
EBITDA margin+28.8%+24.8%+30.2%+26.5%+30.2%+28.6%+32.5%+30.2%
Depreciation1.601.301.110.851.100.960.700.51
Interest30.4721.8313.6416.6221.0411.6623.5417.53
Profit before tax62.0586.9441.9042.8057.2033.0444.5946.53
Tax17.1128.4114.0311.5617.768.8011.4310.24
Net profit44.9458.5327.8731.2439.4424.2433.1636.29
EPS (β‚Ή)2.192.831.307.729.736.429.059.77
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue699533489361405289323
Revenue growth+31.3%+8.9%+35.5%-10.8%+40.2%-10.5%-
EBITDA23619916111199.7381.24101
EBITDA margin+33.7%+37.3%+33.0%+30.7%+24.6%+28.1%+31.3%
Profit before tax18514611494.8754.1331.5737.72
Net profit12710985.2770.9940.6623.6328.31
Net profit margin+18.2%+20.5%+17.4%+19.7%+10.0%+8.2%+8.8%
EPS (β‚Ή)6.465.6724.0520.0111.416.667.95
Balance sheet
Total assets1,7871,6231,5261,4451,5091,4251,504
Net worth1,2071,097779704641601581
Total debt550504714710754641831
Cash & bank50.2665.9859.6315.7620.7519.1315.10
Net working capital1,015855827722733656761
Cash flow
Cash from operations(37.09)17699.4352.46(78.77)1507.78
Cash from investing41.01(69.59)(26.08)11.281.6416.25(0.36)
Cash from financing(21.14)(93.37)(57.44)(71.11)85.57(165)(13.86)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue120314101122163118147127
Revenue growth (YoY)-26.4%+165.9%-31.4%-4.3%+16.1%---
Other income0.521.770.921.200.451.615.183.12
Total expenses73.9922960.0776.4898.3973.5691.2079.53
EBITDA45.7985.1340.7845.5764.3644.4455.8547.96
EBITDA margin+38.2%+27.1%+40.4%+37.3%+39.5%+37.7%+38.0%+37.6%
Depreciation0.730.600.610.560.490.490.490.30
Interest13.9515.8210.3510.5515.918.6319.1614.61
Profit before tax31.6370.4830.7435.6648.4136.9341.3836.17
Tax8.6824.029.929.4714.798.329.428.58

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 01 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue317431182219258151193200
Revenue growth (YoY)+22.7%+184.8%-5.8%+9.6%+33.4%---
Other income2.862.981.772.301.192.306.244.20
EBITDA91.2610754.8857.9778.1543.3662.5960.37
EBITDA margin+28.8%+24.8%+30.2%+26.5%+30.2%+28.6%+32.5%+30.2%
Depreciation1.601.301.110.851.100.960.700.51
Interest30.4721.8313.6416.6221.0411.6623.5417.53
Profit before tax62.0586.9441.9042.8057.2033.0444.5946.53
Tax17.1128.4114.0311.5617.768.8011.4310.24
Net profit44.9458.5327.8731.2439.4424.2433.1636.29
EPS (β‚Ή)2.192.831.307.729.736.429.059.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,090738700431483347344
Revenue growth+47.8%+5.4%+62.4%-10.7%+39.2%+0.7%-
Other income7.9315.107.879.536.435.076.23
Total expenses792507499307367251240
Employee cost59.9938.8541.1417.9227.8225.5726.70
EBITDA29823120112411695.42104
EBITDA margin+27.4%+31.3%+28.7%+28.9%+24.1%+27.5%+30.3%
Depreciation4.353.051.711.501.681.782.17
Interest73.1375.6668.5336.2759.1857.7165.85
Profit before tax22916713996.1961.7341.0042.67
Tax71.7740.6634.8924.6015.399.519.72
Net profit15012310371.5045.5730.1832.79
Net profit margin+13.7%+16.7%+14.7%+16.6%+9.4%+8.7%+9.5%
EPS (β‚Ή)7.616.4028.9820.1512.798.509.22
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital39.3639.3635.4835.4835.4835.4835.48
Reserves & surplus1,3591,167830738674629603
Shareholders' funds (net worth)1,3981,207866774710665639
Minority interest120117128119101102105
Secured loans0.000.000.000.000.000.000.00
Unsecured loans711676808843868775968
Total debt711676808843868775968
Total liabilities2,2772,0341,8471,8491,8091,7391,812
Assets
Gross block13510195.1691.5587.1985.7693.13
Net block10677.0371.4168.7466.2966.0575.64
Capital work in progress0.000.000.000.000.000.000.00
Investments12012411066.1124.5950.1066.68
Inventories1,4951,2921,1571,1759999421,000
Sundry debtors424316215137264179210
Cash & bank balances86.9810111740.2635.3242.6822.05
Loans & advances202185129111122119169
Total current assets2,2081,8951,6171,4641,4211,2821,401
Total current liabilities31622011672.58210158159
Net working capital1,8921,6741,5011,3911,2111,1241,242
Total assets2,2772,0341,8471,8491,8091,7391,812
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash68.6473.6527.1523.2725.088.4115.68
Net cash from operating activities68.637.55220135(63.61)201(17.85)
Net cash from investing activities(48.29)(11.71)(75.92)(45.23)28.54(9.49)11.36
Net cash from financing activities(55.95)(0.84)(97.32)(86.15)33.26(175)(0.77)
Net change in cash(35.62)(5.01)46.493.88(1.81)16.67(7.26)
Closing cash86.9810111740.2635.3242.6822.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+47.8%+5.4%+62.4%-10.7%+39.2%+0.7%-
EBITDA growth+29.3%+14.7%+61.7%+7.1%+21.7%-8.7%-
PBT growth+37.0%+20.4%+44.3%+55.8%+50.6%-3.9%-54.6%
Net income growth+21.3%+20.0%+43.8%+56.9%+51.0%-8.0%-
Revenue CAGR (3Y)+36.3%+15.2%+26.4%+7.8%+8.2%-2.1%+7.5%
EBITDA CAGR (3Y)+33.9%+25.7%+28.2%+6.0%-3.0%-11.6%-0.8%
Profitability & leverage
Net income margin+14.4%+17.1%+14.9%+16.6%+9.6%+9.1%+9.6%
Return on capital employed+14.8%+13.4%+12.3%+7.7%+7.2%+5.9%+6.4%
Return on net worth+12.1%+12.2%+12.7%+9.7%+6.7%+4.8%+5.3%
Debt / equity0.530.720.971.151.201.341.47
Long-term debt / equity0.480.650.921.091.101.201.33
Interest cover24.8733.2434.3629.5051.6961.6364.38
Efficiency & per share
Fixed asset turnover9.267.537.504.825.583.883.84
Inventory turnover0.780.600.600.400.500.360.35
Debtors turnover2.952.784.002.152.181.781.71
EPS (β‚Ή)7.616.4028.9820.1512.798.509.22
Dividend per share (β‚Ή)1.004.504.003.002.251.401.40
Book value per share (β‚Ή)71.0661.31243.96218.03200.05187.31180.01
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue120314101122163118147127
Revenue growth (YoY)-26.4%+165.9%-31.4%-4.3%+16.1%---
Other income0.521.770.921.200.451.615.183.12
Total expenses73.9922960.0776.4898.3973.5691.2079.53
EBITDA45.7985.1340.7845.5764.3644.4455.8547.96
EBITDA margin+38.2%+27.1%+40.4%+37.3%+39.5%+37.7%+38.0%+37.6%
Depreciation0.730.600.610.560.490.490.490.30
Interest13.9515.8210.3510.5515.918.6319.1614.61
Profit before tax31.6370.4830.7435.6648.4136.9341.3836.17
Tax8.6824.029.929.4714.798.329.428.58
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue699533489361405289323
Revenue growth+31.3%+8.9%+35.5%-10.8%+40.2%-10.5%-
Other income4.3511.004.525.334.502.533.56
Total expenses464334328250305207222
Employee cost31.4330.2426.4014.7025.0023.2625.13
EBITDA23619916111199.7381.24101
EBITDA margin+33.7%+37.3%+33.0%+30.7%+24.6%+28.1%+31.3%
Depreciation2.261.971.181.211.391.481.85
Interest52.6361.8150.8319.9948.7150.7265.08
Profit before tax18514611494.8754.1331.5737.72
Tax58.2034.2328.6423.8813.627.949.49
Net profit12710985.2770.9940.6623.6328.31
Net profit margin+18.2%+20.5%+17.4%+19.7%+10.0%+8.2%+8.8%
EPS (β‚Ή)6.465.6724.0520.0111.416.667.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital39.3639.3635.4835.4835.4835.4835.48
Reserves & surplus1,1671,057743669606565546
Shareholders' funds (net worth)1,2071,097779704641601581
Secured loans5505047147107446410.00
Unsecured loans0.000.000.000.0010.070.00831
Total debt550504714710754641831
Total liabilities1,7871,6231,5261,4451,5091,4251,504
Assets
Gross block32.8423.6124.1623.8321.7522.5822.55
Net block15.687.896.536.615.746.918.36
Capital work in progress0.000.000.000.000.000.000.00
Investments137161112113113134134
Inventories664524614649603534602
Sundry debtors353271181134138127168
Cash & bank balances50.2665.9859.6315.7620.7519.1315.10
Loans & advances75.5696.9826.2925.2527.5226.5641.09
Total current assets1,142959881824789707826
Total current liabilities12810454.2610256.6750.9565.30
Net working capital1,015855827722733656761
Total assets1,7871,6231,5261,4451,5091,4251,504
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash35.4421.905.9913.354.913.459.89
Net cash from operating activities(37.09)17699.4352.46(78.77)1507.78
Net cash from investing activities41.01(69.59)(26.08)11.281.6416.25(0.36)
Net cash from financing activities(21.14)(93.37)(57.44)(71.11)85.57(165)(13.86)
Net change in cash(17.22)13.5315.92(7.36)8.441.47(6.44)
Closing cash50.2665.9859.6315.7620.7519.1315.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+31.3%+8.9%+35.5%-10.8%+40.2%-10.5%-
EBITDA growth+18.7%+23.1%+45.8%+11.0%+22.8%-19.6%-
PBT growth+27.0%+28.0%+20.1%+75.3%+71.5%-16.3%-54.4%
Net income growth+16.2%+28.2%+20.1%+74.6%+72.1%-16.5%-
Revenue CAGR (3Y)+24.7%+9.6%+19.2%+3.8%+5.7%-0.0%+8.7%
EBITDA CAGR (3Y)+28.7%+25.8%+25.7%+3.1%-5.4%-13.1%+0.5%
Profitability & leverage
Net income margin+18.2%+21.0%+17.5%+19.7%+10.0%+8.2%+8.8%
Return on capital employed+14.0%+13.2%+11.1%+7.8%+7.0%+5.6%+6.9%
Return on net worth+11.0%+11.9%+11.5%+10.6%+6.5%+4.0%+5.0%
Debt / equity0.460.650.961.091.121.251.38
Long-term debt / equity0.420.610.961.081.101.141.23
Interest cover22.5331.4331.7218.2549.5363.5965.58
Efficiency & per share
Fixed asset turnover24.7822.3020.3815.8418.2612.7914.24
Inventory turnover1.180.940.770.580.710.510.53
Debtors turnover2.242.353.102.663.061.961.92
EPS (β‚Ή)6.465.6724.0520.0111.416.667.95
Dividend per share (β‚Ή)1.004.504.003.002.251.401.40
Book value per share (β‚Ή)61.3255.73219.48198.48180.65169.28163.82

Timeline of Ajmera Realty

3 dated milestones of Ajmera Realty across 57 years, from founding to its latest funding, stage changes and deals.

  1. Founded Ajmera Realty is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Funding First funding round of $1.6M.

Competitors of Ajmera Realty

Ajmera Realty has 2 listed competitors in our database. They include Godrej Properties and DLF India.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
godrejproperties.com1990Mumbai, India408
Residential and commercial properties are developed by Godrej Properties.
dlf.in1947Gurugram, India132
Provider of property and real estate development services
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Detailed competitors of Ajmera Realty

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  • Full competitor set
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Web traffic of Ajmera Realty

The website of Ajmera Realty (ajmera.com) receives about 15.8K visits a month and ranks #1,327,530 among all websites worldwide, #10,058 in Real Estate.

  • Monthly visits
    15.8K

    ▼ 16.5% vs previous month

  • Unique visitors
    8.7K

    per month

  • Global rank
    #1,327,530

    among all websites

  • Category rank
    #10,058

    Business and Consumer Services · Real Estate

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Top companies in Real Estate Developers & Builders

3 companies that operate in the same segment as Ajmera Realty (Real Estate Developers & Builders) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Developer of luxury residential properties
1992Mumbai, Maharashtra, IndiaUSD 158.42 MUSD 55.39 M1,046
Residential and commercial properties are developed by Godrej Properties.
1990Mumbai, Maharashtra, IndiaUSD 546.88 M6,030
Premium residential building development services are provided.
1980Mumbai, Maharashtra, IndiaUSD 152.4 MUSD 658.36 M1,480
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Frequently Asked Questions about Ajmera Realty

Ajmera Realty was founded in 1967 and raised its 1st funding round 57 years after it was founded.

Ajmera Realty is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Nallore Ramamurthy Srinivasan is the CEO of Ajmera Realty, as recorded in our data.

Ajmera Realty is a funded company, having raised a total of $1.56M across 1 funding round to date. The company's 1st funding round was a Angel Round of $1.56M, raised on Mar 2024.

Ajmera Realty has 49 employees.

The primary company behind Ajmera Realty, Ajmera Realty & Infra India Limited, reported revenue of β‚Ή1,098 Cr for FY 2026, up 48% year on year.

Ajmera Realty was established in 1967 in Mumbai, India, within the real estate sector. Development services for commercial and residential properties are handled, with operations centered on urban projects in the region. Focus is placed on construction and management of real estate assets, serving local markets through structured planning and execution processes. The company is led by CEO Nallore Ramamurthy Srinivasan.

Ajmera Realty's top competitors include Godrej Properties and DLF India.

Yes, Ajmera Realty is publicly traded on NSE under the ticker symbol AJMERA.

Ajmera Realty is associated with 6 legal entities: Ajmera Realty & Infra India Limited, Mahant Construction Llp, Shree Ram Estate Llp and others.

The legal entities of Ajmera Realty currently have 17 directors, including Manish Shantilal Doshi, Umang Mitul Mehta, Paras Kiritkumar Doshi and others.

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