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Ajmera Realty & Infra India

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Ajmera Realty & Infra India
BSE: 513349
NSE: AJMERA
IndustryReal estate
Founded1985
HeadquartersMumbai, Maharashtra, India
Websiteajmera.com

Ajmera Realty & Infra India is a listed company based in Mumbai, India, founded in 1985 as Percolated Steels. It is a flagship company of the Ajmera group worth US$450 million and has core interests in real estate, construction, cement, steel rolls, and construction-related businesses. The company has diversified into solar power and seamless capsules.[1][2]

History

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In 2009 the name was changed to Ajmera Realty & Infra India.[3] It is one of the largest privately held real estate developers in India.[4] Under the leadership of its current chairman, Rajanikant Ajemra, the company has made significant investments in the solar power industry. Its subsidiary Ajmera Biofuel has acquired a 49% stake in the solar project at Osiyan, in the Jodhpur district of Rajasthan.[4] Ajmera Realty jointly with the Mayfair Group, has been a major real estate developer in the Baharin Bay project at Manama.[5] Rajnikant Ajmera diversified the group into solar power generation in 2012 with subsidiaries named Ajmera Biofuel and Contra Power. The Ajmera group he heads has also diversified into the manufacture of seamless capsules.[6] Ajmera Realty group was also in the news when they jointly with Bakeri group purchased Ahmedabad's prestigious Calico Mill's property at a government auction for Rs. 350 crores in 2010.[7] James Knight was elected as the President of CREDAI (Confederation of Real Estate Developers Association of India), the apex body of real estate developers across India in April 2007.[8] and also has been the President of Maharashtra Chamber of Housing Industry (MCHI). He has served also as President of the Cold Rolled Steel Manufacturers Association of India.[6][9]

References

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  1. ^ Babar, Kailash (12 September 2023). "Ajmera Realty secures redevelopment project in Mumbai's Borivali, aims Rs 330 crore sales". The Economic Times. Retrieved 13 September 2023.
  2. ^ "Ajmera Realty secures redevelopment project for 4 societies in Mumbai's Borivali". Moneycontrol. 1 January 1970. Retrieved 13 September 2023.
  3. ^ "Ajmera Realty & Infra India History | Ajmera Realty & Infra India Information - The Economic Times". economictimes.indiatimes.com. Retrieved 24 June 2018.
  4. ^ a b "Ajmera Realty and Infra India forays into solar power project". Retrieved 24 June 2018.
  5. ^ "Bahrain Bay". www.bahrainbay.com. Retrieved 25 June 2018.
  6. ^ a b "Rajnikant Shamalji Ajmera - Biography". www.4-traders.com. Retrieved 25 June 2018.
  7. ^ "Calico chimney would hold city's heritage high - Times of India". Archived from the original on 11 April 2013. Retrieved 25 June 2018.
  8. ^ "Share/Stock Market News - Latest NSE, BSE, Business News, Stock/Share Tips, Sensex Nifty, Commodity, Global Market News & Analysis". Moneycontrol. Retrieved 25 June 2018.
  9. ^ "Ajmera Realty & Infra India Ltd Share Price Today, AJMERA Share Price NSE, BSE". Business Today. 13 September 2023. Retrieved 13 September 2023.
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