About Provident Housing
Provident Housing is a company based in Bengaluru (India) founded in 2008.. Provident Housing has raised $138.02 million across 1 funding round from investors including HDFC Capital. The company has 352 employees as of April 07, 2024. Provident Housing offers products and services including Provident Bayscape, Provident Botanico, Provident Park Square, Provident Deansgate, and Provident Ecopolitan. Provident Housing operates in a competitive market with competitors including Shriram Properties, Puravankara, Alliance Infrastructure, VBHC and Arkade, among others.
- Headquarter Bengaluru, India
- Employees 352 as on 07 Apr, 2024
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Sectors
Real Estate & Construction
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Email
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Phone
*********
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Website
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Social
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- Legal Name Provident Housing Limited
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$45.79 M (USD)-17.68as on Mar 31, 2023
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Net Profit
$983.61 K (USD)8.54as on Mar 31, 2023
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EBITDA
$8.08 M (USD)31.69as on Mar 31, 2023
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Total Equity Funding
$138.02 M (USD)
in 1 rounds
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Latest Funding Round
$138.02 M (USD), Private Equity Round
Apr 25, 2024
- Investors
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Employee Count
352
as on Apr 07, 2024
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Products & Services of Provident Housing
Provident Housing offers a comprehensive portfolio of products and services, including Provident Bayscape, Provident Botanico, Provident Park Square, Provident Deansgate, and Provident Ecopolitan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Apartment complex offering modern homes with amenities in Chennai.
Housing development with green spaces and facilities in Bengaluru.
Community-focused apartments with recreational areas in Bengaluru.
High-quality homes designed for urban lifestyles in Bengaluru.
Apartment units with advanced features in Bengaluru North.
Family-oriented housing with essential amenities in Kochi.
Integrated community project off Mysore Road in Bengaluru.
Luxury apartments with unique facilities in Bengaluru.
Varied housing options in the Mumbai region.
Resort-style homes in Goa for relaxed living.
Diverse apartment types in Hyderabad.
Housing with modern designs in Mangalore.
Apartment complex focused on community in Pune.
Expansive residential development in Bengaluru.
Homes with amenities in Chennai area.
Green-focused housing in Coimbatore.
Nature-integrated apartments in Bengaluru.
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Funding Insights of Provident Housing
Provident Housing has successfully raised a total of $138.02M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $138.02 million completed in April 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 Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $138.0M
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First Round
First Round
(25 Apr 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Private Equity Round - Provident Housing | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Provident Housing
Provident Housing has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include HDFC Capital. 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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Invests in affordable housing projects through real estate funds in India.
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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 Provident Housing
| 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 |
Financial Statements - Provident Housing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Provident Housing Comparisons
Competitors of Provident Housing
Provident Housing 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 Shriram Properties, Puravankara, Alliance Infrastructure, VBHC and Arkade, 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 |
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| domain | founded_year | HQ Location |
Residential properties are developed in mid-market and affordable segments.
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| domain | founded_year | HQ Location |
Residential and commercial properties are developed across various segments.
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| domain | founded_year | HQ Location |
Residential real estate properties are developed by Alliance Infrastructure.
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| domain | founded_year | HQ Location |
Developer of residential real estate projects
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| domain | founded_year | HQ Location |
Residential properties are developed by Arkade in Mumbai, India.
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| domain | founded_year | HQ Location |
Diversified operations across multiple industries are managed by Jaypee Group.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Provident Housing
Frequently Asked Questions about Provident Housing
When was Provident Housing founded?
Provident Housing was founded in 2008 and raised its 1st funding round 16 years after it was founded.
Where is Provident Housing located?
Provident Housing is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Provident Housing?
Mallanna Sasalu is the current CEO of Provident Housing.
Is Provident Housing a funded company?
Provident Housing is a funded company, having raised a total of $138.02M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $138.02M, raised on Apr 25, 2024.
How many employees does Provident Housing have?
As of Apr 07, 2024, the latest employee count at Provident Housing is 352.
What is the annual revenue of Provident Housing?
Annual revenue of Provident Housing is $45.79M as on Mar 31, 2023.
What does Provident Housing do?
Provident Housing was founded in 2008 in Bengaluru, India, within the real estate sector. Large-scale residential communities are developed, addressing diverse housing needs with a focus on value in the residential market. Operations are conducted as a subsidiary of a real estate company, maintaining a portfolio of residential projects. Design and handover processes are shaped by customer satisfaction to support living experiences.
Who are the top competitors of Provident Housing?
Provident Housing's top competitors include Arkade, Puravankara and Shriram Properties.
What products or services does Provident Housing offer?
Provident Housing offers Provident Bayscape, Provident Botanico, Provident Park Square, Provident Deansgate, and 6 more products and services.
Who are Provident Housing's investors?
Provident Housing has 1 investor. Key investors include HDFC Capital.
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