Anupam Mittal accuses record-setting Shark Tank India Pitchers Savani heritage of ‘hiding something’ as they claim to have Rs 1,000 crore worth of orders

Savani on shark tank india

Three points you will get to know in this article:

  • For the first time in history, the highest review company reached Shark Tank, uncle and nephew took big funding.
  • Savani is a startup that specializes in restoring historic structures
  • Anupam Mittal accuses record-setting Shark Tank India Pitchers Savani heritage of ‘hiding something’ as they claim to have Rs 1,000 crore worth of orders.

Savani Heritage on Shark Tank India Season 4

savaniheritage logo

Savani on Shark Tank India-4: A startup led by three generations has advanced to the fourth season of Shark Tank India. Savani is a startup that specializes in restoring historic structures. Its founders are related as uncle and nephew. Seventy-year-old Shantilal Savani was the first of its founders. His 47-year-old nephew, Ram Savani, is with him. Ram Savani’s 26-year-old nephew Jagrut Savani joined them in 2024.

Click here to visit here to their official website : Savani

This Mumbai-based company’s goal is to repair damaged heritage places. According to the founders, they preserve the original identity of historic sites by restoring them using both traditional and scientific approaches. 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.

About the company

Shantilal Savani founded Savani Heritage in 1995. In 2005, his nephew Ram Savani, a graduate of civil engineering school, joined the business. Jagrut Savani, Ram Savani’s nephew, joined the company in 2024 after earning a B.Tech in civil engineering. We should mention that Jagrut has also studied in the United States.

Award has been received from UNESCO

The company’s owners proudly state that they have also repaired IIM Ahmedabad’s Vikram Sarabhai Library, for which they have been recognized with a UNESCO prize. This business has also renovated Mumbai’s Royal Opera House, which was once in extremely perilous shape.

For the first time in the history of Shark Tank, such a company came

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. We would like to inform you that this is the first time a firm with such a big gross revenue has appeared on Shark Tank India.

The government provides 85–90% of the company’s work. However, 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 totaling over Rs 450 crore last year as well. This business intends to launch an initial public offering (IPO) soon.

Revenue highlights Of Savani heritage

  • 2023 : 110 crores
  • 2024 : 124.7 crores
  • Till November of 2025 : 115 crores

Anupam Mittal accuses record-setting Shark Tank India pitchers of ‘hiding something’ as they claim to have Rs 1,000 crore worth of orders

The most recent episode of Shark Tank India smashed yet another record, just days after Peyush Bansal broke the previous one with an investment of Rs 5 crore in the lifestyle brand NOOE. The Savani family, consisting of three generations, gathered to present their business, Savani Heritage Conservation, which does high-value restoration work for historic structures. They have iconic buildings in their portfolio, such as the Cellular Jail in the Andaman and Nicobar Islands and the Royal Opera House in Mumbai. They claimed to have repaired more than 300 historic structures in 20 states and requested Rs 3 crore in investment in return for 1% ownership, valuing their business at an astounding Rs 300 crore.

Anupam Mittal, Ritesh Agarwal, Kunal Bahl, Namita Thapar, and Vineeta Singh made up the panel of “sharks” on the show. It was Vineeta who noted that the company’s gross revenue of Rs 124 crore for the previous year set a record for Shark Tank. There were loud gasps from the panel when the entrepreneurs stated that they would easily reach Rs 300 crore this year. Additionally, they stated that they have projects worth Rs 850 crore in the works and that they have already generated over Rs 125 crore.

Additionally, they informed the “sharks” that just a small portion of their earnings comes from private initiatives; the majority comes from government programs. The show has never featured figures like these, and although some of the “sharks” were pleased by the business and the admirable cause, Anupam grew wary.

“I’m not sure how to explain this to you, but it is not feasible for you to claim that you get all payments within a maximum of 30 days. I don’t know why, but I don’t believe what you’re saying. He added that he had experience working with government agencies and that “you’re either hiding something or you’re telling half truths.” Due of their inexperience in the field, Kunal and Namita withdrew from the agreement. According to Kunal, he likes to invest in young people who don’t have enough money or guidance. Ritesh, however, expressed interest as he has plans of expanding his hotel business into the heritage space.

However, Anupam expressed his emotions before the entrepreneurs could respond. “I am reminded of my father,” he replied, addressing the elderly patriarch. “My father began working for Rs 100 and put in so much effort that he was able to support his family for seven generations.” That’s just what you did. For seven generations, you have produced prosperity. To his nephew, Anupam said, “You talk a big game, you want to go public, but this isn’t how it’s done. But that’s the extent of the praise I’m willing to give you.” What if you do good work? That dignity should be reflected in your stats. You have failed to correctly respond to every question pertaining to numbers.

After pulling out of the agreement, Anupam told the elderly patriarch to “get your house in order and pull their ears.” I believe you came to Shark Tank to showcase your qualifications. I’m out, but there’s nothing wrong with it. He also 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%.

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