Prozone Realty Limited stands as a prominent Indian real estate development company, specializing in the design, development, ownership, and operation of shopping malls, commercial premises, and residential properties. Originally incorporated in 2007 as Prozone Intu Properties Limited, the company officially changed its name to Prozone Realty Limited in May 2023. Its core mission is to create, develop, and manage world-class regional shopping centers and associated mixed-use developments across India. Prozone Realty operates with a clear strategic focus on acquiring substantial land parcels in prime locations within high-growth corridors and established Tier I cities, leveraging its in-depth knowledge of the Indian real estate market.
The company operates through two primary business segments: Leasing and Outright Sales, with the Leasing segment being the primary revenue generator. Prozone Realty focuses on developing and operating a diversified portfolio that includes regional shopping centers, gated residential complexes and villas, and commercial office spaces. It also offers management consultancy services.
The company's business model is centered around mixed-use development. Approximately 75% of its land is designated for residential and commercial purposes, following a build-and-sell model, while about 25% is dedicated to retail space developed under a build-and-lease model. This integrated approach enables Prozone Realty to create comprehensive lifestyle destinations catering to a wide array of customer segments.
Prozone Realty boasts a significant land bank of 15.54 million square feet of fully paid-up land strategically located in prime areas. Of this, 2.02 million square feet have already been developed, with an additional more than 13.5 million square feet currently under development in various phases. The company owns over six land banks, aggregating approximately 170 acres, with a maximum potential saleable area of around 17.8 million square feet. These prime land parcels are situated in key metropolitan areas including Mumbai, Nagpur, Coimbatore, Indore, and Aurangabad, positioning Prozone Realty across India's rapidly growing urban centers.
The company owns and operates two flagship shopping centers: Prozone Mall in Aurangabad and Prozone Mall in Coimbatore. The Prozone Aurangabad Mall, launched in October 2010, features over 10 anchor tenants and approximately 100+ operational stores. The Coimbatore mall was launched in July 2017.
Beyond its retail footprint, Prozone Realty's property portfolio includes residential and commercial developments. Its Prozone Palms brand encompasses luxurious gated residential complexes and villa developments located in Nagpur, Coimbatore, and Indore. Additionally, the company has commercial office developments under the Prozone Trade Center name in Aurangabad.
As per the latest financial results for the fiscal year ended March 2025, Prozone Realty recorded a marginal sales decline of 3.13% to Rs 178.73 crore, compared to Rs 184.51 crore in the previous fiscal year ended March 2024. For the full year, the company reported a net loss of Rs 37.93 crore, a shift from the net profit of Rs 4.53 crore recorded in the prior year.
The quarterly performance for Q4 FY25 presented mixed signals. Sales saw a slight increase of 2.42% to Rs 52.83 crore in the quarter ended March 2025, up from Rs 51.58 crore in the corresponding quarter of the previous year. However, the net loss widened to Rs 32.81 crore in Q4 FY25, compared to a net loss of Rs 5.27 crore in Q4 FY24.
The company's market capitalization stood at approximately ₹629 Crore as of July 2025. Prozone Realty Limited is publicly listed on both the Bombay Stock Exchange (BSE: 534675) and the National Stock Exchange of India (NSE: PROZONER).
- FY2025 Revenue: Rs 178.73 crore
- FY2025 Net Loss: Rs 37.93 crore
- Q4 FY2025 Revenue: Rs 52.83 crore
- Q4 FY2025 Net Loss: Rs 32.81 crore
- Market Capitalization: ₹629 crore (as of July 2025)
- Total Assets: Over INR 2000 Crore
- Land Bank: 15.54 million square feet (fully paid-up)
The company has experienced significant changes in its shareholding structure recently. On June 27, 2025, Nailsfield divested its entire 28.83% stake in Prozone Realty through an off-market transaction. Concurrently, Apax Trust acquired a 28.83% stake via an open offer and a Share Purchase Agreement (SPA) on the same date. Promoter holding stood at 22.7% as of Q2 FY25, reflecting a decrease of -0.49% over the last quarter, indicating adjustments in the company's ownership structure.
Mr. Salil's vision has been instrumental in charting the strategic direction of Prozone Realty, particularly in leading business development, land acquisition, and new asset class initiatives across the residential and commercial sectors. The company's management team comprises seasoned professionals with extensive experience in the real estate and retail industries, bringing deep market insights and robust execution capabilities to drive the organization's growth strategy.
Prozone Realty continues to solidify its position as a key player in India's dynamic real estate landscape. The company remains focused on creating integrated mixed-use developments that address the evolving lifestyle needs of urban consumers, while prudently maintaining a strong balance sheet and a fully paid land bank to support future expansion and growth.
