About Prestige Group
Prestige Group is a company based in Bengaluru (India) founded in 1997 by Irfan Razack, Razack Sattar, and Rezwan Razack.. The company has 9,510 employees as of March 31, 2024. Prestige Group has completed 1 acquisition, including Ariisto Developers. Prestige Group operates in a competitive market with competitors including Vingroup, Lendlease, Lodha Group, Vanke and Frasers Property, among others.
- Headquarter Bengaluru, India
- Employees 9510 as on 31 Mar, 2024
- Founders Irfan Razack, Razack Sattar, Rezwan Razack
- Stage Public
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Prestige Estates Projects Limited
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Annual Revenue
$898.48 M (USD)-5.72as on Mar 31, 2024
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Net Profit
$54.56 M (USD)-65.98as on Mar 31, 2024
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EBITDA
$350 M (USD)4.8as on Mar 31, 2024
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Latest Funding Round
$595.56 M (USD), Post-IPO
Aug 29, 2024
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Investors
ICICI Prudential Life Insurance
& 1 more
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Employee Count
9510
as on Mar 31, 2024
- Investments & Acquisitions
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IPO & Listings of Prestige Group
Prestige Group is a publicly listed company on the NSE with ticker symbol PRESTIGE 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.
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Funding Insights of Prestige Group
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $595.6M
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First Round
First Round
(28 Jul 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Post-IPO - Prestige Group | Valuation |
investors |
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| Jul, 2015 | Amount | Debt – Conventional - Prestige Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Prestige Group
Prestige Group has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include ICICI Prudential Life Insurance and Kotak Investment Advisors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of life insurance services
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Founded Year | Domain | Location | |
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Provider of investment advisory services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prestige Group
Prestige Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ariisto Developers. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of real estate development services
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Prestige Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prestige Group Comparisons
Competitors of Prestige Group
Prestige 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 Vingroup, Lendlease, Lodha Group, Vanke and Frasers Property, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Real estate development and management services are offered by Vingroup.
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| domain | founded_year | HQ Location |
Sustainable project development and maintenance services are provided worldwide.
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| domain | founded_year | HQ Location |
Developer of residential and commercial real estate properties
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| domain | founded_year | HQ Location |
Real estate properties are developed in over 50 cities.
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| domain | founded_year | HQ Location |
Residential and commercial properties are developed and managed across regions.
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| domain | founded_year | HQ Location |
Eiffage is engaged in construction, energy, and infrastructure concessions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prestige Group
Frequently Asked Questions about Prestige Group
When was Prestige Group founded?
Prestige Group was founded in 1997 and raised its 1st funding round 18 years after it was founded.
Where is Prestige Group located?
Prestige Group is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Prestige Group?
Venkat K Narayana is the current CEO of Prestige Group.
How many employees does Prestige Group have?
As of Mar 31, 2024, the latest employee count at Prestige Group is 9,510.
What is the annual revenue of Prestige Group?
Annual revenue of Prestige Group is $898.48M as on Mar 31, 2024.
What does Prestige Group do?
Prestige Group was established in 1997 in Bengaluru, India, within the real estate sector. Commercial and residential property development services are delivered, focusing on construction and management operations. Activities are centered in the Indian market, with leadership provided by co-founders Irfan Razack, Razack Sattar, and Rezwan Razack, alongside CEO Venkat K Narayana. The domain prestigeconstructions.com supports online presence for these services.
Who are the top competitors of Prestige Group?
Prestige Group's top competitors include Godrej Properties, Vingroup and DLF India.
Is Prestige Group publicly traded?
Yes, Prestige Group is publicly traded on NSE under the ticker symbol PRESTIGE.
How many acquisitions has Prestige Group made?
Prestige Group has made 1 acquisition, including Ariisto Developers.
Who are Prestige Group's investors?
Prestige Group has 2 investors. Key investors include ICICI Prudential Life Insurance, and Kotak Investment Advisors.
What is Prestige Group's ticker symbol?
The ticker symbol of Prestige Group is PRESTIGE on NSE.
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