Bestech Group

Gurugram, India Founded: 1990 • Age: 36 yrs Minicorn
Residential and commercial properties are developed in Gurugram, India.
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About Bestech Group

Bestech Group is a company based in Gurugram (India) founded in 1990 by Sunil Satija. Bestech Group has raised $39.45 million across 6 funding rounds from investors including Reliance Industries, Aashrit Capital Limited and Spb Propcon. The company has 163 employees. Bestech Group operates in a competitive market with competitors including Godrej Properties, Vingroup, Lendlease, DLF India and Sun Hung Kai Properties, among others.

  • Headquarter Gurugram, India
  • Employees 163
  • Founders Sunil Satija
  • Stage Minicorn
  • Sectors
    Real Estate & Construction
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website bestechgroup.com
  • Social LinkedIn
Operational Areas
Real Estate & Construction → Real Estate Developers & Builders
Key Metrics
  • Annual Revenue
    $44.14 M (USD)
    -64
    as on Mar 31, 2024
  • Net Profit
    $2.81 M (USD)
    -50
    as on Mar 31, 2024
  • EBITDA
    $9.11 M (USD)
    -24
    as on Mar 31, 2024
  • Total Equity Funding
    $39.45M (USD)

    in 6 rounds

  • Latest Funding Round
    $7.06M (USD), Unspecified

    Oct 2019

  • Investors
    Reliance Industries

    & 13 more

  • Employee Count
    163

Funding Insights of Bestech Group

Bestech Group has successfully raised a total of $39.45M across 6 strategic funding rounds. The most recent funding activity was a Unspecified round of $7.06 million completed in October 2019. 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 $39.45M
  • Total Rounds 6
  • Last Round Unspecified — $7.06M
  • First Round $336,191

    (Mar 2006)

  • Investors Count 14

All 6 funding rounds of Bestech Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Oct 2019$7.06MUnspecified$379.17MReliance Industries
–
Jun 2015$9.34MDebt – Conventional––
–
Mar 2012$12.32MUnspecified$1.54BAashritcapital
Spb Propcon, Leisurebuildcon
Oct 2010$15.41MUnspecified$•••••Micro Management
Hiteshi Leasing and Housing
Sep 2010$4.33MUnspecified$•••••Nsbinfrastructure
–
Mar 2006$336,191Unspecified$•••••Hiteshi Leasing and Housing
–
Valuation history
DateValuationStage
Oct 2019$379.17M••••••••
Mar 2012$1.54B••••••••
Oct 2010$•••••••••••••
Sep 2010$•••••••••••••
Mar 2006$•••••••••••••
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Full valuation and stage history of Bestech Group

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Last known valuation $379.17M (Oct 2019). 14 investors in total: 14 institutional.

Investors in Bestech Group

Bestech Group has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Reliance Industries, Aashrit Capital Limited and Spb Propcon.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Manomay Foods & Beverages
-
–manomayfoodandbeverages.tcc.mode-
Reliance Industries
Diversified conglomerate operating across multiple industries
1958ril.comMumbai, India
Aashrit Capital Limited
Financial services involving investments and loans in India.
–aashritcapital.com-
Spb Propcon
-
–spbpropcon.tcc.mode-
Leisurebuildcon
-
–leisurebuildcon.tcc.mode-
Sdtourandtravels
-
–sdtourandtravels.tcc.mode-
Stropcreation
-
–stropcreation.tcc.mode-
Kdk Food Grains
-
–kdkfoodgrains.tcc.mode-
Nijhwanimpex
-
–nijhwanimpex.tcc.mode-
Tilak Sales
-
–tilaksales.tcc.mode-
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Investor details for Bestech Group

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Board of directors of Bestech Group

The boards of the 6 registered companies of Bestech Group currently have 11 directors; the longest-serving is Rakesh Kumar Manchanda, appointed in 2009. 29 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rakesh Kumar Manchanda
DIN 02680233
Director29 Jul 200917 yrs 2 moGoldenview Estates Private Limited
Deepak Kapur
DIN 03293529
Director03 Sep 201115 yrs 1 moParkview Facilities Private Limited
Priti Gopal Khanna
DIN 07249669
Director03 Aug 201511 yrs 2 moIceland Estates Private Limited
Rajendra Bhandari
DIN 02345908
Director27 Jan 201610 yrs 8 moGoldenview Estates Private Limited
Rajesh Adlakha
DIN 07523990
Whole-time director21 May 201610 yrs 4 moBestech Hospitalities Private Limited
Manoj Bali
DIN 07535150
Director04 Jun 201610 yrs 4 moBestech Hospitalities Private Limited
Sunil Satija
DIN 01095953
Designated Partner20 Feb 20188 yrs 7 moParkview Hospitality Llp, Bestech Hospitalities Private Limited, Bestech India Pvt. Ltd.
Dharamendra Bhandari
DIN 01096211
Designated Partner20 Feb 20188 yrs 7 moParkview Hospitality Llp, Bestech Hospitalities Private Limited, Bestech India Pvt. Ltd.
Durga Prasad Kurmi
DIN 09290554
Director26 Aug 20215 yrs 1 moIceland Estates Private Limited
Rajnish Pathak
DIN 09675182
Director18 Jul 20224 yrs 2 moParkview Facilities Private Limited
Munish Sharma
DIN 03562497
Director17 Jun 20251 yr 3 moBestech India Pvt. Ltd.

People of Bestech Group

2 people are tracked at Bestech Group (2 in leadership); the tracked headcount is 163.

NameRoleGroup
Sunil Satija
Co-FounderLeadership
Dharmendra Bhandari
CEOLeadership
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Financials of Bestech Group

Figures of Iceland Estates Private Limited, the primary company behind Bestech Group, for FY 2025. Revenue was ₹18.42 Cr (+37% year on year). Net profit was ₹62.1 Lakh (3% margin). EBITDA was ₹1.27 Cr (7% margin). Revenue has grown at a compounded annual rate of -19% over three years and -9% over five years.

  • ₹18.42 CrRevenue · FY 2025 · +37% YoY
  • ₹62.1 LakhNet profit · 3% margin
  • ₹1.27 CrEBITDA · 7% margin
  • ₹1 LakhPaid-up capital
  • 50Employees (provident fund records)
  • -19%Revenue CAGR, 3 years
  • -9%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Iceland Estates Private Limited are on its company page.

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Detailed financial statements for Bestech Group

Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.

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Timeline of Bestech Group

5 dated milestones of Bestech Group across 29 years, from founding to its latest funding, stage changes and deals.

  1. Founded Bestech Group is founded.
  2. Funding First funding round of $336K.
  3. Milestone Reaches Minicorn status.
  4. Milestone Reaches Unicorn status.
  5. Funding Latest funding round, Unspecified, of $7.1M.

Competitors of Bestech Group

Bestech Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Godrej Properties, Vingroup, Lendlease, DLF India and Sun Hung Kai Properties, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Godrej Properties
godrejproperties.com1990Mumbai, India–408
Residential and commercial properties are developed by Godrej Properties.
Vingroup
vingroup.net1993Hanoi, Vietnam–347
Real estate development and management services are offered by Vingroup.
Lendlease
lendlease.com1958Melbourne, Australia––
Sustainable project development and maintenance services are provided worldwide.
DLF India
dlf.in1947Gurugram, India–132
Provider of property and real estate development services
Sun Hung Kai Properties
shkp.com1997Hong Kong, China–37,000
Real estate properties are developed and managed in Hong Kong.
Frasers Property
frasersproperty.com1924Singapore–4,399
Residential and commercial properties are developed and managed across regions.
Marcus& Millichap
marcusmillichap.com1971Reno, United States–887
Real Estate Investment trust providing investment brokerage services.
STRABAG
strabag.com1835Vienna, Austria–72,904
Provider of construction management services
Sunac
sunac.com.cn2003Shanghai, China–19,271
Residential and commercial real estate development is conducted by Sunac.
Howard Hughes
howardhughes.com2010Dallas, United States–1,216
Residential and commercial properties are developed across the United States.
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Detailed competitors of Bestech Group

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Web traffic of Bestech Group

The website of Bestech Group (bestechgroup.com) receives about 5.7K visits a month.

  • Monthly visits
    5.7K

    ▲ 22% vs previous month

Similar websites

Websites whose visitors overlap most with Bestech Group. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
abcbuildcon.in
abcbuildcon.in
100%
–#1,650,199–
SMC Realty
smcrealty.com
96%
–#3,197,614View details
Dwarka Expressway Projects
dwarkaexpresswayprojects.in
91%
–#1,274,053View details
Larisa Realtech
larisarealtech.com
91%
19.6K#1,383,101View details
Avantha Group
avanthagroup.com
69%
––View details
••••••••••••••••.com••%•.•M#•••••–
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Latest news on Bestech Group

Bestech Group launches one-of-its-kind shop-cum-office plots in Gurugram
Timesnownews • 5 years ago
Smart wireless vibration monitoring for long-term reliability and productiVity
Australianmining • 5 years ago
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Similar companies to Bestech Group

10 companies that operate in the same segment as Bestech Group (Real Estate Developers & Builders), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
ACCIONA
Sustainable infrastructure solutions in renewable energy are developed and managed.
1931Alcobendas, Comunidad De Madrid, Spain–USD 1.9 M44
Emaar
Provider of real estate development properties
1997Dubai, Dubai, United Arab EmiratesUSD 98.03 M––
Isprava
Developer of luxury residential properties
1992Mumbai, Maharashtra, IndiaUSD 160.33 MUSD 55.39 M1,046
Godrej Properties
Residential and commercial properties are developed by Godrej Properties.
1990Mumbai, Maharashtra, India–USD 546.88 M6,030
Marcus& Millichap
Real Estate Investment trust providing investment brokerage services.
1971Reno, Nevada, United States–USD 755.16 M897
Oberoi Realty
Premium residential building development services are provided.
1980Mumbai, Maharashtra, IndiaUSD 152.4 MUSD 658.36 M1,480
Central Park
Real estate development services are provided in India.
1999Gurugram, Haryana, IndiaUSD 14.83 M––
Vingroup
Real estate development and management services are offered by Vingroup.
1993Hanoi, Vietnam––367
Transrail Lighting
Electricity transmission utility projects are developed and supplied.
2008Mumbai, Maharashtra, IndiaUSD 19.85 MUSD 730.41 M2,300
Nagarjuna Construction Company
Commercial property development services are provided in India.
1978Hyderabad, Telangana, India–USD 2.22 B31,410
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Frequently Asked Questions about Bestech Group

Bestech Group was founded in 1990 and raised its 1st funding round 16 years after it was founded.

Bestech Group is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.

Dharmendra Bhandari is the current CEO of Bestech Group.

Bestech Group is a funded company, having raised a total of $39.45M across 6 funding rounds to date. The company's 1st funding round was a Unspecified of $336.19K, raised on Mar 2006.

Bestech Group has 163 employees.

Annual revenue of Bestech Group is $44.14M as on Mar 31, 2024.

Bestech Group was founded in 1990 in Gurugram, India, where residential and commercial properties are developed. Operations are centered in the real estate sector, with projects encompassing various property types for urban use. Services are provided across development phases, from planning to construction. The company is led by Co-Founder Sunil Satija and CEO Dharmendra Bhandari, with activities based primarily in northern India.

Bestech Group's top competitors include Godrej Properties, Marcus& Millichap and Vingroup.

Bestech Group has 14 investors. Key investors include Reliance Industries, Aashrit Capital Limited, Spb Propcon, Leisurebuildcon, and Sdtourandtravels.

The valuation of Bestech Group is $379.17M as of Oct 2019.

Bestech Group is associated with 6 legal entities: Parkview Hospitality Llp, Iceland Estates Private Limited, Goldenview Estates Private Limited and others.

The legal entities of Bestech Group currently have 11 directors, including Sunil Satija, Dharamendra Bhandari, Priti Gopal Khanna and others.

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