Page 5 - Kolte Patil AR 2019-20

But because it refuses to believe that a market is so bad

that nothing can sell.

But because it refuses to be convinced that a word called

‘impossible’ exists.

But because it refuses to believe that you need to mobilise

debt to enhance shareholder value.

But because it refuses to believe that you need to have

compromised profitability to enhance revenues.

But because it refuses to accept post-tax profit as the sole
index of growth but prioritises the role of cash flows as

well.

But because it believes that it is not just profit generation

but prudent capital allocation that makes companies truly

successful.

Marquee investors Brands Ecosystem of Institutional
The Company attracted Kolte-Patil markets projects capabilities frameworks
prominent global investment under two brands: ’Kolte- The Company is driven Kolte-Patil is listed on the
firms to invest in its projects, Patil’ (addressing the by a holistic ecosystem of National Stock Exchange
validating the Company’s mid-priced and affordable competence that includes: (NSE) and Bombay Stock
competence and credibility. residential segment) and construction timeliness, Exchange (BSE). Several of
For instance, the prominent ‘24K’ (addressing the sales effectiveness, customer the Company’s projects were
Kohlberg-Kravis Roberts premium luxury segment). relationship management, certified by the Indian Green
(KKR) committed C193 Crore The Company executed investment in cutting- Building Council (IGBC).
in R1 sector of Life Republic, projects in multiple segments edge technologies, strong
Pune; the Company entered – standalone residential processes and informed
into a C120 Crore agreement buildings and integrated decision-making. The
with an affiliate of J.P. townships. Company invested in
Morgan Asset Management benchmark technologies
for its redevelopment project like Aluform technology
Jay-Vijay Society in Vile from Korea, adhesive
Parle (E), Mumbai. Portman technology from Italy, water-
Holdings accounted for proofing technology from
49% of the Company’s Germany, pre-fabricated
Tuscan Estate property door technology from Japan
(Pune). ASK accounted and even entered into
for 70% of Three Jewels. collaboration with Dulux to
The Company’s shares are provide world-class services.
owned by prominent foreign The Company was also
institutional investors like among the first to implement
Pabrai Funds (9.7%) and advanced CRM SAP-based
Goldman Sachs (3.7%), ERP in India’s real estate
among others, as on 31 sector.
March, 2020.
Annual Report 2019-20 | 3