Justo

Mumbai, India Founded: 2019 • Age: 7 yrs Listed Acquired By Blox
Real estate service organisation collaborating with developers across major markets
Request Access
Report Incorrect Data
Page last updated

About Justo

Justo is a publicly listed company based in Mumbai (India) founded in 2019 by Pushpamitra Das, and was acquired by Blox in January 2024. Real estate service organisation collaborating with developers across major markets. Justo has raised $5.46 million across 5 funding rounds from investors including Blox, Arbour Investments and Shisan Consulting. Justo was last valued at $2.88 million in August 2021. Its Indian entity Justo Realfintech Limited reported revenue of ₹92.83 Cr. Its focus areas include Management Consulting Services, Industry Specific and Real Estate & Construction. Its competitors include SILA and Rodic Consultants; 1 of its 2 listed competitors has raised funding.

Company details

Justo was founded in 2019 and is based in Mumbai, India, operating in the real estate sector. Collaboration with developers occurs across major markets, where end-to-end solutions for property management are provided. Services include strategy development, marketing, sales facilitation, capital market access, facility management, and home finance options. Guidance on project complexities is offered, alongside project management expertise. Real estate products are created using design principles and data-driven insights.

  • Headquarters Mumbai, India
  • Founders Pushpamitra Das
  • Stage Acquired
  • Sectors
    Business Services
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website justo.co.in
  • Social LinkedIn Facebook Instagram YouTube
  • Acquired by Blox (Jan 2024)
  • Legal Name Justo Realfintech Limited
Operational Areas
Business Services → Professional Consulting & Advisory
Key Metrics
  • Market Cap
    ₹160 Cr

    JUSTO · BSE

  • Share Price
    ₹85.00

    0.00% today

  • Revenue
    ₹91.78 Cr

    FY 2025-26 · +12.8% YoY

  • EBITDA
    ₹27.84 Cr

    Margin 30.3%

  • Net Profit
    ₹19.20 Cr

    FY 2025-26 · +28.4% YoY

  • P/E (TTM)
    7.9x

    P/B 1.2x

  • ROE
    21.5%

    ROCE 27.0%

  • Debt / Equity
    0.18

    Interest cover 9.0x

  • Total Equity Funding
    $5.46M (USD)

    in 5 rounds

  • Latest Funding Round
    $2M (USD), Debt – Conventional

    Sep 2024

  • Investors
    Blox

    & 10 more

  • Acquired by
    Blox

    (Jan 2024)

Apps and channels of Justo

its YouTube channel Justo Realfintech Ltd has 109 subscribers and 16 videos.

Justo Realfintech Ltd
YouTube 109 subscribers 16 videos Science & Technology
Open channel

Videos from Justo

The most watched videos on Justo's YouTube channel, Justo Realfintech Ltd (109 subscribers). Click a video to play it here.

Discover "Your Next Milestone" at Paranjape Aspire, Andheri West - Teaser Video
750 views
Tejraj Patil Trusts Justo | Developer Testimonial | Tej Elevia
408 views
Women's Day - 2023
388 views
Launch of WestWorld, Punawale | Justo Realfintech Ltd
329 views

More on Justo Realfintech Ltd.

Funding Insights of Justo

Justo has successfully raised a total of $5.46M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2 million completed in September 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 $5.46M
  • Total Rounds 5
  • Last Round Debt – Conventional — $2M
  • First Round $83,397

    (Aug 2019)

  • Investors Count 10

All 5 funding rounds of Justo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Sep 2024$2MDebt – Conventional––
Arbour Investments
Aug 2024$5MSeries A–Arbour Investments
Shisan Consulting
Aug 2021$136,356Angel Round$2.88MBhradesh Shah, Aishick Hazra
–
Jun 2020$236,547Angel Round$2.72MAishick Hazra, Bhradesh Shah
–
Aug 2019$83,397Angel Round$•••••Suresh Kanmal Jajoo
Vimla Suresh Jajoo, Amitabh Mohanty
Valuation history
DateValuationStage
Aug 2021$2.88M••••••••
Jun 2020$2.72M••••••••

Last known valuation $2.88M (Aug 2021). 11 investors in total: 3 institutional and 8 angel.

Investors in Justo

Justo has secured backing from 11 investors, including institutional and angel investors. Prominent investors backing the company include Blox, Arbour Investments and Shisan Consulting.

All
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Arbour Investments
Real estate investment strategies for high-net-worth individuals and institutional investors.
arbourinvestments.comMumbai, India
Shisan Consulting

Bhradesh Shah

unknown_b1bf092faddf4bb1b

Aishick Hazra

unknown_46c1d5e6dad84b59b

Amita Manek

unknown_9eefd95079514bb3b

Bhavesh Shah

unknown_cc3e2ea9be904e52a

Suresh Kanmal Jajoo

unknown_e4e0ecf35e054931b

Vimla Suresh Jajoo

unknown_67559f15e4154e099

Amitabh Mohanty

unknown_c1d4df73206e4b30a

Ankit Suresh Jajoo

unknown_6ea12f268d224cccb
Premium access

Investor details for Justo

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Justo Realfintech Limited (Justo)

Justo Realfintech Limited is the primary company behind Justo. The board of Justo Realfintech Limited currently have 6 directors; the longest-serving is Puspamitra Das, appointed in 2019. 13 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Puspamitra Das
DIN 01643973
Managing Director29 Mar 20197 yrs 7 moJusto Realfintech Limited
Vishal Vasantrao Kokadwar
DIN 07962440
Director30 Nov 20232 yrs 11 moJusto Realfintech Limited
Chirag Prasanna Mehta
DIN 06548260
Director12 Aug 20242 yrs 2 moJusto Realfintech Limited
Priyesh Dineshchandra Chheda
DIN 07136703
Director12 Aug 20242 yrs 2 moJusto Realfintech Limited
Milind Keshav Oak
DIN 08386432
Director23 Jan 20251 yr 9 moJusto Realfintech Limited
Parool Anoop Seth
DIN 10514828
Director23 Jan 20251 yr 9 moJusto Realfintech Limited

People of Justo

14 people are tracked at Justo (7 in leadership, 7 in team).

NameRoleGroup
Pushpamitra Das
Founder & DirectorLeadership
Dattaprasad S
Head Of Human ResourcesLeadership
Ranjan Sengupta
General Manager HRLeadership
Sanjeev Thadani
General Manager Business Development & Special ProjectsLeadership
Nitin Pardeshi
DirectorLeadership
Chirag Mehta
DirectorLeadership
Tejas Patil
DirectorLeadership
Vikita Oswal
Sales ExecutiveTeam
Manish Kumar
AGM @ Justo Realfintech Pvt Ltd , MumbaiTeam
Samina Mulla
Closing ManagerTeam
Gaurav Pandey
Sales ManagerTeam
Kunal Agrawal
Channel Sales ManagerTeam
Priyanka Patil
Sr Sales ManagerTeam
Shubham Keservani
Sourcing ManagerTeam
Premium access

Complete people profiles for Justo

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

Verified entity values are shown only after access is granted.

IPO & Listings of Justo

Justo is a publicly listed company on the BSE with ticker symbol JUSTO 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 date01 Oct 2025
  • Listed onBSE: 544542
  • Listed entityJusto Realfintech Limited
  • Exchange sectorFinance
  • ISININE0W5Q01017
  • Share price₹79.00 (-1.25% on the day) · 2026-10-14
  • Market capitalisation₹150 Cr
  • Price to earnings7.7
  • EPS (diluted, trailing year)₹10.22
  • Volume (last session)7,000

Financials of Justo

Exchange-reported figures of Justo Realfintech Limited, the listed company behind Justo (BSE: JUSTO).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹91.78 Cr
+12.8% YoY
EBITDA
₹27.84 Cr
+28.5% YoY
Profit After Tax
₹19.20 Cr
+28.4% YoY
Net Worth
₹126 Cr
+141.1% YoY
Total Assets
₹143 Cr
+106.1% YoY
Total Debt
₹15.23 Cr
-6.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue91.7881.3559.3870.4430.18
Revenue growth+12.8%+37.0%-15.7%+133.4%-
EBITDA27.8421.6610.5822.485.44
EBITDA margin+30.3%+26.6%+17.8%+31.9%+18.0%
Profit before tax26.0920.149.0421.584.95
Net profit19.2014.956.6915.313.71
Net profit margin+20.9%+18.4%+11.3%+21.7%+12.3%
EPS (₹)10.2210.82515.351,177.65285.05
Balance sheet
Total assets14369.1829.6324.278.16
Net worth12652.4127.0620.365.06
Total debt15.2316.232.313.612.94
Cash & bank43.028.690.310.691.26
Net working capital12056.6423.4422.467.36
Cash flow
Cash from operations(9.41)(9.35)4.991.200.41
Cash from investing(26.14)(8.70)(3.99)(2.24)(0.55)
Cash from financing51.5624.90(1.38)0.460.94
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue91.7881.3559.3870.4430.1810.07
Revenue growth+12.8%+37.0%-15.7%+133.4%+199.7%-
EBITDA27.8421.6710.5822.335.531.31
EBITDA margin+30.3%+26.6%+17.8%+31.7%+18.3%+13.0%
Profit before tax26.5120.219.3521.425.091.05
Net profit19.1815.026.9415.323.681.10
Net profit margin+20.9%+18.5%+11.7%+21.8%+12.2%+10.9%
EPS (₹)10.4410.86534.171,179.97282.7486.14
Balance sheet
Total assets14369.2429.8824.277.983.12
Net worth12752.4727.3020.365.030.63
Total debt15.2316.232.313.612.952.50
Cash & bank42.988.660.310.691.260.47
Net working capital12357.2923.6622.465.242.57
Cash flow
Cash from operations(9.42)(9.26)5.001.201.68(1.33)
Cash from investing(26.15)(8.69)(3.99)(2.24)(1.82)(0.19)
Cash from financing51.5624.79(1.39)0.460.941.50

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue91.7881.3559.3870.4430.18
Revenue growth+12.8%+37.0%-15.7%+133.4%-
Other income1.050.290.060.110.01
Total expenses63.9459.6948.8047.9624.74
Employee cost35.5840.4130.9929.8116.70
EBITDA27.8421.6610.5822.485.44
EBITDA margin+30.3%+26.6%+17.8%+31.9%+18.0%
Depreciation0.330.390.410.330.12
Interest2.471.421.190.680.38
Profit before tax26.0920.149.0421.584.95
Tax6.895.192.356.271.24
Net profit19.2014.956.6915.313.71
Net profit margin+20.9%+18.4%+11.3%+21.7%+12.3%
EPS (₹)10.2210.82515.351,177.65285.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital18.8013.840.130.130.13
Reserves & surplus10838.5726.9320.234.93
Shareholders' funds (net worth)12652.4127.0620.365.06
Minority interest0.000.000.000.000.00
Secured loans15.2316.031.812.121.81
Unsecured loans0.000.200.501.491.13
Total debt15.2316.232.313.612.94
Total liabilities14369.1829.6324.278.16
Assets
Gross block14.817.804.551.500.70
Net block13.226.533.671.030.56
Capital work in progress8.165.061.930.220.00
Investments0.000.000.000.000.00
Inventories0.000.000.000.000.00
Sundry debtors86.5649.4331.5928.7410.02
Cash & bank balances43.028.690.310.691.26
Loans & advances9.705.563.681.382.21
Total current assets13963.6835.5830.8113.49
Total current liabilities19.397.0412.148.356.13
Net working capital12056.6423.4422.467.36
Total assets14369.1829.6324.278.16
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash7.190.340.691.260.47
Net cash from operating activities(9.41)(9.35)4.991.200.41
Net cash from investing activities(26.14)(8.70)(3.99)(2.24)(0.55)
Net cash from financing activities51.5624.90(1.38)0.460.94
Net change in cash16.006.85(0.38)(0.58)0.80
Closing cash43.028.690.310.691.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+12.8%+37.0%-15.7%+133.4%-
EBITDA growth+28.5%+104.7%-52.9%+313.2%-
PBT growth+29.5%+122.8%-58.1%+336.0%+9997.0%
Net income growth+28.4%+123.5%-56.3%+312.7%-
Revenue CAGR (3Y)+9.2%+39.2%---
EBITDA CAGR (3Y)+7.4%+58.5%---
Profitability & leverage
Net income margin+20.9%+18.4%+11.3%+21.7%+12.3%
Return on capital employed+27.0%+43.7%+38.0%+137.4%+65.3%
Return on net worth+21.5%+37.7%+28.2%+120.4%+73.1%
Debt / equity0.180.230.120.260.58
Long-term debt / equity0.020.080.080.150.36
Interest cover8.986.6811.703.077.14
Efficiency & per share
Fixed asset turnover8.1213.1719.6364.0443.11
Inventory turnover0.000.000.000.000.00
Debtors turnover1.352.011.973.633.01
EPS (₹)10.2210.82515.351,177.65285.05
Dividend per share (₹)0.000.000.000.005.00
Book value per share (₹)67.2137.882,082.881,567.53389.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue91.7881.3559.3870.4430.1810.07
Revenue growth+12.8%+37.0%-15.7%+133.4%+199.7%-
Other income1.470.350.060.110.010.00
Total expenses63.9459.6848.8048.1124.658.76
Employee cost35.5840.4130.9929.4416.144.84
EBITDA27.8421.6710.5822.335.531.31
EBITDA margin+30.3%+26.6%+17.8%+31.7%+18.3%+13.0%
Depreciation0.330.390.410.330.120.02
Interest2.471.420.880.690.330.24
Profit before tax26.5120.219.3521.425.091.05
Tax6.885.192.416.101.41(0.05)
Net profit19.1815.026.9415.323.681.10
Net profit margin+20.9%+18.5%+11.7%+21.8%+12.2%+10.9%
EPS (₹)10.4410.86534.171,179.97282.7486.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital18.8013.840.130.130.130.13
Reserves & surplus10838.6327.1720.234.900.50
Shareholders' funds (net worth)12752.4727.3020.365.030.63
Secured loans15.2316.031.810.000.000.00
Unsecured loans0.000.200.503.612.952.50
Total debt15.2316.232.313.612.952.50
Total liabilities--29.8824.277.983.12
Assets
Gross block13.277.804.551.500.700.15
Net block11.686.533.671.030.560.13
Capital work in progress7.624.471.930.220.000.00
Investments0.020.010.000.000.000.00
Inventories0.000.000.000.000.000.00
Sundry debtors86.0949.4331.5928.7410.025.36
Cash & bank balances42.988.660.310.691.260.47
Loans & advances12.736.293.591.380.090.80
Total current assets14264.3835.4930.8111.376.63
Total current liabilities19.147.0911.838.356.134.06
Net working capital12357.2923.6622.465.242.57
Total assets14369.2429.8824.277.983.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash7.160.310.691.260.470.49
Net cash from operating activities(9.42)(9.26)5.001.201.68(1.33)
Net cash from investing activities(26.15)(8.69)(3.99)(2.24)(1.82)(0.19)
Net cash from financing activities51.5624.79(1.39)0.460.941.50
Net change in cash15.996.85(0.38)(0.58)0.80(0.02)
Closing cash42.988.660.310.691.260.47
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+12.8%+37.0%-15.7%+133.4%+199.7%-
EBITDA growth+28.5%+104.8%-52.6%+303.8%+322.1%-
PBT growth+31.2%+116.2%-56.4%+320.8%+384.8%+9997.0%
Net income growth+27.7%+116.4%-54.7%+316.3%+234.6%-
Revenue CAGR (3Y)+9.2%+39.2%+80.7%---
EBITDA CAGR (3Y)+7.6%+57.7%+100.6%---
Profitability & leverage
Net income margin+21.4%+18.5%+11.7%+21.8%+12.2%+10.9%
Return on capital employed+27.3%+43.7%+37.8%+137.2%+91.3%+33.2%
Return on net worth+21.9%+37.7%+29.1%+120.8%+114.3%+78.4%
Debt / equity0.180.230.120.260.963.97
Long-term debt / equity0.020.070.080.150.763.97
Interest cover8.986.678.653.146.1018.60
Efficiency & per share
Fixed asset turnover8.7113.1719.6364.0471.0167.13
Inventory turnover0.000.000.000.000.000.00
Debtors turnover1.352.011.973.633.921.88
EPS (₹)10.4410.86534.171,179.97282.7486.14
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)67.4937.922,101.721,567.55387.5849.44

Timeline of Justo

6 dated milestones of Justo across 6 years, from founding to its latest funding, stage changes and deals.

  1. Founded Justo is founded.
  2. Funding First funding round of $83K.
  3. Milestone Reaches Minicorn status.
  4. Exit Acquired by Blox.
  5. Funding Latest funding round, Debt – Conventional, of $2.0M.
  6. IPO Lists on the stock exchange (IPO).

Competitors of Justo

Justo has 2 listed competitors in our database, 1 of them funded. They include SILA and Rodic Consultants.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
SILA
silagroup.co.in2010Mumbai, India$17.79M20,676
Provider of facility & project management, advisory, general contracting, and real estate development services
Rodic Consultants
rodicconsultants.com2000New Delhi, India1,697
Delivers comprehensive consulting services in business advisory, leadership development, and transportation.
Premium access

Detailed competitors of Justo

The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.

  • Full competitor set
  • Operating metrics
  • Benchmarks
  • Competitive positioning

Verified entity values are shown only after access is granted.

Web traffic of Justo

The website of Justo (justo.co.in) receives about 3K visits a month.

  • Monthly visits
    3K

    ▲ 25.2% vs previous month

Top companies in Professional Consulting & Advisory

3 companies that operate in the same segment as Justo (Professional Consulting & Advisory) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Ansr
Provider of end-to-end solutions encompassing talent acquisition, workspace design and management, business operations, and payroll services
2008Bengaluru, Karnataka, IndiaUSD 197.78 MUSD 81.57 M341
SILA
Provider of facility & project management, advisory, general contracting, and real estate development services
2010Mumbai, Maharashtra, IndiaUSD 117.79 MUSD 151.22 M25,611
Persistent
IT consulting, data analytics, and digital transformation services are provided.
1990Pune, Maharashtra, IndiaUSD 18.8 MUSD 1.59 B24,594
Upgrade to premium

Unlock complete access to The Company Check

Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.

Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
  • ✓
    Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
  • ✓
    Full access to every database India & global coverage, advanced filters and rich profile details
  • ✓
    Always-on access from your team account Single premium plan for everything you see on the portal

Related news about Justo

Justo Realfintech Secures Sourcing Mandate Valued Above 3 Billion Rupees For Blue Ridge, Pune Projects
Reuters • 2 months ago
Justo Realfintech Secures New Sales Mandates Over 11 Billion Rupees In Mumbai And Pune
Reuters • 6 months ago
ZAWYA: Chestertons Global enters India as global network expansion continues
Zawya • 7 months ago
Justo Realfintech Signs 27 Billion Rupees Of New Mandates In Q3
Reuters • 10 months ago
Justo Realfintech shares list flat at IPO Price of Rs 127 on BSE SME platform - The Economic Times
Economic Times • 1 year ago
Justo Realfintech IPO: GMP, price band among key things to know before bidding - The Economic Times
Economic Times • 1 year ago
Justo Realfintech's Double Triumph at ET Realty Awards 2025
Aninews • 1 year ago
Spicetree Design Agency bags Justo Realfintech's digital mandate
Bestmediainfo • 1 year ago
Arbour Investments invests $7M in Justo Realfintech, expands portfolio
Yourstory • 2 years ago
JUSTO Realfintech Raises $7 Mn Funding Round
Viestories • 2 years ago
Premium access

Complete news archive for Justo

Full article history, source details, and older brand coverage require an active premium plan.

  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

Verified entity values are shown only after access is granted.

Frequently Asked Questions about Justo

Justo was founded in 2019.

Justo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Justo is a funded company, having raised a total of $5.46M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $83.4K, raised on Aug 2019.

The primary company behind Justo, Justo Realfintech Limited, reported revenue of ₹92.83 Cr for FY 2026, up 13% year on year.

Justo was founded in 2019 and is based in Mumbai, India, operating in the real estate sector. Collaboration with developers occurs across major markets, where end-to-end solutions for property management are provided. Services include strategy development, marketing, sales facilitation, capital market access, facility management, and home finance options. Guidance on project complexities is offered, alongside project management expertise. Real estate products are created using design principles and data-driven insights.

Justo's top competitors include SILA and Rodic Consultants.

Yes, Justo is publicly traded on BSE under the ticker symbol JUSTO.

Justo has 11 investors. Key investors include Blox, Arbour Investments, Shisan Consulting, Bhradesh Shah, and Aishick Hazra.

The valuation of Justo is $2.88M as of Aug 2021.

Justo operates through Justo Realfintech Limited.

Yes. Justo was acquired by Blox in January 2024.

The legal entities of Justo currently have 8 directors, including Puspamitra Das, Milind Keshav Oak, Parool Anoop Seth and others.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available