- Business
- Sharanam Infraproject and Trading Limited engages primarily in real estate development and trading activities, focusing on the purchase, sale, ownership, leasing, sub-leasing, maintenance, allotment, transfer, administration, exchange, mortgaging, and rent collection of land and buildings; construction, reconstruction, extension, alteration, or demolition of buildings, tenements, blocks, flats, shops, and godowns; and provision of materials incidental to construction, repair, overhaul, or maintenance of land and buildings. Incorporated on February 5, 1992, as Skyhigh Projects Limited and renamed Sharanam Infraproject and Trading Limited on July 29, 2015, the company is headquartered in Ahmedabad, India, and operates mainly within the Indian market, with supplementary involvement in supply chain distribution of steel products and construction materials across regions such as Gujarat. In recent developments, Sharanam Infraproject and Trading Limited receives board approval in June 2025 to establish a wholly owned subsidiary in the United Arab Emirates with an investment of INR 35-40 crore (AED 15.5-18 million) for strategic land acquisition and global market expansion, in compliance with FEMA and RBI overseas direct investment regulations; enters a strategic partnership with Bloom Infra LLC, a real estate developer in Abu Dhabi; and conducts a rights issue in 2024 to bolster its capital base amid strong profit growth, including a 121% CAGR over the past five years and record net profit of INR 37.40 crore in fiscal 2025.