1. ARIHANT SUPERSTRUCTURES LIMITED
COMPANY PROFILE
Arihant Superstructures Ltd has grown to become one of the major Real Estate players in
Navi Mumbai - transforming its skyline and meeting real estate demands of the modern age
constantly.
Headed by Chairman & Managing Director Mr. Ashok Chhajer, ASL today boasts a
celebrated clientele, large network of investors & financiers, efficient supply chain and good
banker relations. With an uncompromising attitude in terms of quality control procedures,
checks at all levels from building material and construction methodologies to quality of
skilled manpower, ASL has consistently created a benchmark in the real estate industry.
With consistent efforts over time, ASL has constructed more than 47 lacs square feet of
vibrant lifestyle in residential projects. The company today has bagged over 120 lacs square
feet of real-estate construction to be carried out in the near future reflecting continuing
stability and sustainability. A majority of the segment is in affordable housing, a program
that is to be extended pan India.
Arihant Superstructures Ltd. has a fully operational work culture that reflects transparency
and delegation. With such structure in place the company embarks towards the journey of
inclusive growth.
BSE listed Arihant Superstructures Limited (ASL) is a real estate company with a difference.
ASL has been showing robust performance when the entire industry is going through a
rough patch. This is due to its unique project portfolio mix. Around 95 percent of the
Company’s project portfolio is in the Affordable Housing Segment, which is always in
demand. Besides, ASL has the strength and ability to pick up strategically located projects
and is able to turnaround the same in a short span of time.
Commenting on the growth of Arihant Superstructures Limited, Mr. Ashok Chhajer said “I
am proud that today when the industry has been showing negative growth, ASL stands tall.
We have presence in the luxury, mid-income and low-income category. But, our main thrust
is on the affordable housing segment, which is continuously in demand.
2. • Total projects in hand 14 real estate and AAC industry under process
• Areas of operation – Navi Mumbai, Panvel, MMR region and Jodhpur (Rajasthan)
• Average selling price bandwidth of Rs. 2,500/- per sq.ft. to Rs. 6,000 per sq.ft.
• Total top line (revenues) from real estate 6000+ crores in the next 6 to 7 years
• Total top line (revenues) from industrial wing 240+ crores
• People in organization 200+
• Systems and process based culture of working
• Strong retail actual user sale in real estate sold 1017 flats in FY 2012-2013
• Possession of 900+ flats in process being handed over in 2013-2014
• Applauded by awards from Public as Most Preferred Choice of Builders in October
2012 at MCHI property show - Mumbai
• First PPP project of Government of Rajasthan done by Arihant, acknowledged by
ADB, World Bank, HUDCO, Ministries of Housing and won the CNBC Awards for
Affordable Housing Project.
• Tied up lands for future growth at reasonable rates. Purchase of lands in progress
• Quality construction and high credibility in the region of operations
• Good corporate governance and compliances
3. BOARD OF DIRECTORS IN ARIHANT SUPERSTRUCTURES LIMITED
Mr. Ashok Chhajer
Chairman & Managing Director
Mr. Ashok Chhajer is Founder & Promoter of Arihant Group He holds the key position of
Chairman & Managing Director in the company. He has been augmented with more than 20
years of varied experience in Cloth Trading & Manufacturing, Edible Oil Refinery and Real
Estate with a core focus on Real Estate Business. He has initiated the real estate business in
Navi Mumbai in 1994. He has been instrumental in forming brand "Arihant” and setting up
various real estate projects. Since then Arihant Group, under the dynamic leadership of Mr.
Chhajer, has successfully handled more than 40 projects, 35 lacs sqft of area and is one of
the prominent Real Estate Developer in Mumbai region. He has imparted complete
transparency and commitment to the Group which enhances good corporate governance
and secures every stakeholder’s interest in the company.
Mr.Nimesh Shah
Whole-Time Director:
Is the Whole -Time Director & Chief Project Officer (CPO) of all the projects undertaken by
Arihant. Bachelor of Engineering in Civil, he is the core person of the company having more
than 17 years of experience in construction and related activities. He is actively involved in
all the nuances of engineering includes detailed Planning & Execution, Project Estimations,
Infrastructure & Site organization of the projects. He was Involved in several turnkey
projects of Water supply & Sewerage Scheme for Govt. of Maharashtra and successfully
commissioned them. He was earlier associated with Hiranandani Builder, Powai and Soham
Builders, Thane.
4. Mr. Dinkar Samant
Director
Presently Mr. Samant is heading Operations at Arihant Superstructures Ltd. Mr. Samant
was the Chief Planner of CIDCO Ltd., Navi Mumbai, who conceived many path breaking
projects in Navi Mumbai, such as, Central Park, Golf Course, Exhibition Centre and many
others during his 25 years tenure.
Mr. Dinesh Babel
Independent Director:
Is an Independent Director of the company and a Fellow member of Institute of Chartered
Accountants of India and also a Bachelor of Law. He has 30 years of wide-ranging corporate
experience in industries like Steel, Cement, Chemical, and Engineering etc. He had
associated with renowned Companies like Ispat Industries Ltd, Birla Corp. Ltd, Jai Prakash
Ind. Ltd, J. K. Corp. Ltd etc. His enriched experience in the field of finance, taxation & audit
helps board for the better decision making in business.
Mr. Virendra Kumar Mital
Independent Director:
Is an Engineer from IIT – Delhi. He is a Fellow Member & Chartered Engineer of Institutes of
Engineers (India). He has worked in various capacities with the Government of Rajasthan,
Multinational Companies (MNCs) & other renowned companies both in India & Abroad. He
has vast experience in Construction, Real Estate, Power Plants and Mining & Highway
Projects.
5. Mr. Vinayak V. Nalavde
Independent Director:
Mr. Nalavde has worked in CIDCO Ltd. (Navi Mumbai) for 25 years in various positions as
Financial Advisor, General Manager and Joint MD. Today he is an Advisor - Adminstrative
and Finance to the Maharashtra Airport Development Co. Ltd. (a Govt. of Maharashtra
Enterprise). He is also a Director of Nagpur Mass Transport Co. Ltd. (a Govt. of Maharashtra
Enterprise) and a Trustee of Saibaba Airport Charitable Trust, Shirdi.
Mr. Akshay Agarwal
Promoter & Director
At a very young age Mr. Agarwal had started his career, Mr. Agarwal is Bachelor of Science
& Business Administration in Marketing and Transport Logistics, at Arihant he is successfully
heading the Marketing Department.
6. PROFILE OF KEY PERSONNEL
Umesh N. Jhawar
Vice President & Head (Business Strategy, Risk Management & Funding)
Umesh brings over 17 years of multi-domain experience in Sales, Business Development &
Business Strategy.
He has previously worked with Atos Worldline India, FINO, New York Life, and B2B
Technology Company at various levels and functions. His last position was Assistant Vice
President with Atos Worldline India - ATOS Group MNC, EUR 8.5 Billion with 74000
employees in 48 countries.
His expertise in Scaling up of Businesses, Systems & Processes, Business Strategy, Turn-
around Strategy and Team Management will encourage efficient scalability and growth of
the company.
Mr. Umesh is a distinction holder in Bachelors of Science & Technology from UDCT (now
UICT, Matunga) from Mumbai University along with MBA in Finance. He has also acquired
the “Professional Patterns of Management “Degree from Kinder Brothers International,
Dallas
Mr. A.K. Srivastava
Vice President Civil
Mr. Srivastava is a seasoned civil engineer with over 2 decades of rich experience in various
sectors which includes power, chemical, refinery, infrastructure & realty, Mr. Sirvastava has
worked in companies like GSCL, Gujarat Heavy Chemicals Limited, Essar Energy, & Birla
Group. His vast experience will definitely help Arihant define higher echelon.
7. Mr. Satish Muley
GM Legal
Mr. Muley is Bachelor of Science, LL.B & MBA in Human Resource, Mr. Muley is heading
legal Department, his vast knowledge of various laws always helps Arihant in making
strategic decisions. Mr. Muley has also done his MBA in HR which gives added advantage to
Arihant.
Mr. Kunal Shah
GM – Purchases
With experience of more than 20 years Mr. Shah is heading the Purchase Department, it is
his precision in quality of material that we purchase, we are able to maintain the trust &
brand which we have created over the years.
Mr. Tushar Khatri
GM – Sales
Mr. Khatri has experience of more than 15 years in sales, he is presently heading the sales
department.
Mr. Ravindra Parakh
Chief Accounts Officer
Mr. Parakh is a Chartered Account and has good knowledge of accounts & Income tax, Mr.
Parakh has an experience of more than 3 years and has been looking after the entire
compliance of Arihant.
8. Mr. Vinod Jadhvani
Head Accounts, CWA
Mr. Jadhvani is a cost accountant, Mr. Jadhvani has an experience of more than 20 years in
the field of Accounts, he is heading the Accounts Department.
Mr. Naveen Ranka
Company Secretary
Mr. Naveen is heading the Secretarial Department, with added advantage of finance
background (appeared for CA final) carries vast knowledge of various applicable corporate
laws.
Mr. Debasish Majumdar
DGM Planning
Mr. Majumdar is B.E. Civil with excellent technical knowledge of his field, Mr. Majumdar
carries an experience of more than 13 years.
Mrs. Kanta Sunilkumar
Brand Manager
Mrs. Kanta has done her Diploma in Public Relation and Media, with more than 7 years of
experience and excellent communication skills, Mrs. Kanta is single handedly looking after
the Branding & PR of Arihant.
9. Mr. Sameer Gopalkar
Manager Sales
Sameer has an experience of more than 10 years in Sales, his convincing powers and
positive attitude has proved beneficial to Arihant.
Mr. Vinod Dubey
Manager Legal
Mr. Dubey has an good exposure of Various Laws and is actively assisting Mr. Muley (GM
Legal) in various legal matters.
Mr. Piyush Doshi
Director – Business Development (Rajasthan)
Mr. Doshi has an experience of more than 20 years, he is looking after our projects in
Jodhpur, Mr. Doshi is instrumental in liaisoning with various Government Departments.
Mr. Sandeep Singhvi
GM – Sales (Jodhpur)
Mr. Singhvi carries more than 22 years of experience in sales, he is heading entire Sales
department of our Jodhpur Projects, his experience and innovative ideas regarding sales
benefits the Company.
10. Mr. Ajay Purohit
GM Civil (Jodhpur)
Mr. Purohit is B.E. Civil and has an experience of more than 14 years in civil works. Mr.
Purohit is heading Civil Department in Jodhpur.
Mr. Manoj Bhansali
GM Purchases (Jodhpur)
Mr. Bhansali has an experience of more than 4 years and has an exceptionally good
knowledge about stones, he is looking after the purchase department in Jodhpur.
Ms. Ruchi Pareek
Co-ordinator
Ms. Pareek takes care of entire co-ordination between Mumbai office and Jodhpur Office.