The Ace Group was founded in the 1960s as a jewellery retailer by late Sri. Leeladhar Kamath. In 1989, the younger generation branched out into diverse fields like engineering, automobiles, finance, construction, and global trading. They have since grown to an annual group turnover of 350 crore rupees. One of their projects is Ace City, a residential development providing 2-3BHK apartments from 1080 to 1500 square feet with modern amenities.