Savani, founded by uncle Seventy-year-old Shantilal Savani and 47-year-old nephew, Ram Savani nephew, is a startup that specializes in restoring historic structures
This Mumbai-based company's goal is to repair damaged heritage places. Over 300 historic sites in 20 states have been restored by this business thus far
By 2030, the business hopes to have restored over a thousand historic sites
The company's gross income as of November of this year was Rs 115 crore, and by the end of the year, it will have reached over Rs 300 crore
The company's gross revenue for the previous year was Rs 124.7 crore. At the same time, the company made Rs 110 crore in sales in 2023
Govt. provides 85–90% of the company's work, private clients account for 10–15% of the work. This company's projects range in price from Rs 2 lakh to Rs 110 crore
At the moment, the company has work orders totaling roughly Rs 850 crore. The company got work orders totalling over Rs 450 crore last year as well
They requested Rs 3 crore in investment in return for 1% ownership, valuing their business at an astounding Rs 300 crore
Anupam Mittal questioned Ritesh’s interest, saying, “I have no idea why Ritesh went for this. I think the deal is irrevocable. He’s certainly more restless than us.”
However, the transaction proceeded, and the businesspeople accepted Ritesh's financial conditions and persuaded him to reduce his equity demand to 0.8%