Suraj Estate Developers Ltd

Suraj Estate Developers Limited was originally incorporated as Suraj Estate Developers Private Limited at Mumbai dated September 10 1986 issued by the RoC. Subsequently Company converted into a Public Limited Company dated October 30 2021 and the name was changed to Suraj Estate Developers Limited vide fresh Certificate of Incorporation dated December 9 2021. Founded by the Promoter Rajan M. Thomas the Company is engaged in the business of real estate development. The Company has been involved in real estate business since 1986 and developed real estate across residential and commercial sectors in the South Central Mumbai region. In residential portfolio it is present across the value luxury and luxury segments with unit values ranging from Rs. 10 million to Rs 130 million. In commercial portfolio it has constructed and sold builttosuit corporate headquarters to institutional clientele Saraswat Cooperative Bank Limited Prabhadevi and Clearing Corporation of India Limited Dadar.The Company had launched 14 residential projects out of which 12 projects are redevelopment projects. Majority of projects executed by the Company are on land owned or through development agreements with landowners. It completed 42 projects with a developed area of more than 1046543 sq. ft. in South Central Mumbai region. In addition to completed projects it has 9 ongoing projects with a developable area of 1970445 square feet and saleable RERA carpet area 442616 sq. ft. and 21 upcoming projects with an estimated carpet area of 928400 sq. ft. In the Value Luxury Segment the Company completed projects like St. Anthony Apartments Mahim Lumiere Dadar and Elizabeth Apartment Dadar. It completed Mangirish Dadar and Tranquil Bay Dadar projects located to the Arabian Sea. In addition it constructed and sold residential buildings for institutional clientele such Clearing Corporation of India Limited Dadar and other financial institutions.In year 1990 the Company completed a residential project Suraj Venture A located at Mahim Mumbai. In 1992 it sold a residential building Vinayak Darshan to a nationalized public sector bank at Dadar Mumbai. In 1996 it sold a residential building known as Suraj Heights III at Goregaon East Mumbai to a leading private sector bank. In 2000 the Company sold ICICI Apartments a residential project at Kirti College Lane Dadar West Mumbai to a leading private sector bank for senior officers. It sold NEAT House in Dadar to a stock exchange. In 2005 it sold Gloriosa Apartment at Dadar West Mumbai to Clearing Corporation of India Limited for their senior officers.In 2007 the Company sold ICICI Apartments located at Prabhadevi Mumbai to a leading private sector bank as quarters for senior officials. In 2010 it sold Saraswat Bank Bhavan located at Prabhadevi as corporate office for Saraswat Cooperative Bank Limited. In 2012 CCIL Bhavan to suit commercial building at Dadar West Mumbai. Later in 2016 Accord Estates Private Limited a Material Subsidiary was formed with Runwal Realty Private Limited for development of aresidential project known as Nirvana located at Parel East. In 2017 Palette a flagship project located at Dadar was launched which later on got into a luxury residential segment of the real estate market in South Central Mumbai. It also launched sea luxury project Ocean Star at Dadar West.Through the launch of Louisandra residential project in Dadar Mumbai the Company got into value luxury segment which comprised 1 BHK and compact 2 BHK in the South Central Mumbai. It launched a luxury project Ave Marie Apartments at Dadar Mumbai in 2019.In 2021 the Company purchased vacant land parcel at Tulsi Pipe Road from Tata Motors. It acquired investment from ICICI Ventures Funds Management Company for part financing project cost of newly launched value luxury project Suraj Eterna. It launched launched residential value luxury projects like Vitalis and Suraj Eterna at L.J. Road Mahim Mumbai.The Company is planning to raise capital from Public by raising Rs. 500 crore Equity Shares through Fresh Issue..

Revenue: ₹144.71Cr as on June 2026 (Q1 FY27)
Net Profit: ₹22.85Cr as on June 2026 (Q1 FY27)
Listing date: 26 Dec, 2023
Chairperson Name: Rajan Meenathakonil Thomas