Page 4 - Kolte Patil AR 2019-20

Kolte-Patil Developers

Limited.

One of India’s

most exciting real

estate development

companies.

Not because it markets

more apartments in

Pune than any other

Company...

Footprint Promoters Track record Credit rating
Kolte-Patil Developers Ltd. is one The promoters of Kolte-Patil The Company has delivered The Company is not only
of India’s leading residential real Developers Limited possess over 20 million sq ft of a respected developer;
estate companies. The Company three decades of rich residential units across it is also one of the
was formed nearly three decades sectorial experience. The Pune, Bengaluru and least leveraged, with an
ago with the philosophy of result is that the Company Mumbai in its existence. established track record
‘Creation, not Construction’. has weathered a number of The Company had about 10 of positive operating cash
Over the years, the Company has market cycles, validating million sq ft under execution flows. The Company
established itself as one of the its competitiveness in (sold and unsold) by the enjoyed CRISIL A+ /
leading residential real estate even some of the most close of FY20. Stable rating, one of the
developers in the country. challenging economic highest ratings accorded to
phases. The promoters an Indian residential real
Even as the Company is validated their employees- estate developer by CRISIL.
headquartered in Pune, it is first commitment when
present in three Indian markets they voluntarily took a 50%
with attractive potential – Pune, salary reduction in FY21
Mumbai and Bengaluru. The to tide over the COVID-19
Company has been enjoying a uncertainty.
dominant position in Pune for
years, holding its ground against
national builders of repute. The
Company has developed and
constructed over 50 projects,
including residential complexes,
commercial complexes and IT
Parks covering a saleable area of
over 20 million square feet across
the markets of its presence.

2 | Kolte-Patil Developers Limited