- Business
- Royal India Corporation Limited engages in the wholesale trading of gold bullion, plain gold jewelry, gold coins, and medallions in India; it manufactures gold articles for export; and develops real estate properties, including luxury residential projects. Incorporated in 1984 and headquartered in Mumbai, India, the company operates primarily in the gold trading, jewelry manufacturing, and real estate sectors, targeting wholesale markets, exporters, and high-end residential customers in key urban areas such as Mumbai, Kalyan, Wadala, and Matunga. Core offerings encompass gold bullion and related products alongside premium real estate developments like Vertu in Wadala, Cote De Orient (Orient) in Matunga featuring customizable 4500 square feet flats, and the flagship Kalyan Marina project spanning 5 lakh square feet on a 2.2-acre plot with world-class amenities. Recently, Royal India Corporation completed a preferential issue of Rs 99 crores to fund Kalyan Marina, which commenced development in mid-2024 with projected revenues of Rs 265 crores over three years and attracted investments from Sunder Iyer and Mangal Keshav family offices; promoters increased their stake by 5% through this allotment. The company acquired developmental rights for additional plots including a 20,000 square feet site in Juhu targeting Rs 150 crores in revenues and an adjoining Kalyan APMC parcel for a 10 lakh square feet housing and commercial project in partnership with MHADA aiming for Rs 300 crores over five years; it also completed the acquisition of Suryam India Minecorp Private Limited as a wholly owned subsidiary and wiped out all past losses to support real estate expansion. Formerly known as Natraj Financial & Services Limited until a name change in 2011, Royal India Corporation lists on the Bombay Stock Exchange under ticker ROYALIND.BO and maintains operations focused on infrastructure development and investments.