Kolte Patil Developers Ltd is a leading real estate development company with over three decades of experience in creating residential complexes, commercial complexes, and IT Parks. The company has developed and constructed over 64 projects covering a saleable area of approximately 28 million square feet across Pune, Mumbai, and Bengaluru, maintaining a dominant presence in Pune while expanding its footprint in Mumbai and Bengaluru.
Founded in 1991 as a private limited company by promoters Rajesh Patil and Milind Kolte, the company was incorporated on November 25, 1991, and later converted into a public limited company. The company was established in 1970 and is headquartered in Pune, India, with a total workforce of 582 employees.
The company markets its projects under two distinct brands: 'Kolte-Patil' addressing the mid-income and premium segment, and '24K' addressing the premium luxury segment. This dual-brand strategy allows the company to cater to different market segments while maintaining its position across various price points in the real estate market.
The company's current project portfolio includes notable developments such as Aros, Sound of Soul, 24K Altura, Little Earth, 24K Stargaze, K52, Alora, Raaga, and I Towers Exentre. Some of its flagship projects include Life Republic, Ivy Estate, Green Olive, and Tuskan Parkland.
Kolte Patil Developers has demonstrated a strong financial turnaround. For the financial year ending March 2025, the company reported a consolidated net profit of Rs 106.56 crore, a significant improvement from a net loss of Rs 69.35 crore in the previous year. Revenue from operations rose by 25.22% to Rs 1,717.38 crore in FY25 compared to Rs 1,371.48 crore in FY24.
The company showed robust quarterly performance in Q4 FY25. Revenue from operations jumped 36.53% year-on-year to Rs 718.67 crore in the quarter ended March 31, 2025, while net profit reached Rs 65.29 crore compared to a net loss of Rs 27.11 crore in the corresponding quarter of the previous year.
- FY25 Performance: Net Profit of Rs 106.56 crore (vs Rs 69.35 crore loss in FY24), Revenue of Rs 1,717.38 crore (up 25.22% YoY)
- Q4 FY25 Performance: Net Profit of Rs 65.29 crore, Revenue of Rs 718.67 crore (up 36.53% YoY)
- Market Capitalization: ₹3,643 Crore (Recent Data)
- Promoter Holding: 69.4%
Kolte Patil Developers is engaged in the construction of residential, commercial, and IT parks, along with renting of immovable properties, retail operations, and providing project management services for developing real estate projects. The company has a presence in three major Indian markets: Pune, Mumbai, and Bengaluru.
The company also operates housing society redevelopment projects in the western suburbs of Mumbai, diversifying its revenue streams beyond traditional development projects.
The Competition Commission of India has approved Blackstone's acquisition of a 40% stake in Kolte-Patil Developers, allowing for joint control and further investment in India's residential real estate market. This strategic partnership with Blackstone demonstrates the company's attractiveness to international investors and provides additional capital for growth initiatives.
The company has also formed strategic partnerships with Marubeni Corporation, with two collaborative projects including the Alora Project in Mumbai and a successful residential project in the Pimple-Nilakh micro-market in Pune.
In FY25, Kolte Patil Developers reported a slight 1% year-on-year decline in sales to Rs 27.9 billion, but achieved a significant surge in net profit to Rs 1.1 billion. The company maintains strong receipts and collections, with management projecting presales of Rs 135 billion from FY25-27 and plans to launch projects worth Rs 50 billion.
The company has signed a joint development project in Pune spanning approximately 22 acres with an expected Gross Development Value (GDV) of around Rs 4,000 crore, indicating strong growth prospects.
Kolte Patil Developers continues to strengthen its position in the Indian real estate market through strategic partnerships, geographic expansion, and a diversified project portfolio catering to multiple market segments. The company's strong financial turnaround in FY25 and strategic investments position it well for future growth in the evolving real estate landscape.
