Shree Naman Group

What Shree Naman Group does

Shree Naman Group is a privately held, Mumbai-headquartered conglomerate founded in 1993 by Mr. Jayesh Shah and family-controlled since inception. The group operates across six business verticals: Real Estate, Hospitality, Healthcare, Food & Beverages, Financial Services, and Travel Services, employing more than 3,000 professionals. Its real estate arm develops premium residential and commercial properties concentrated in Mumbai's Bandra-Kurla Complex (BKC), Lower Parel, Andheri, and Worli micro-markets, with a flagship pipeline including Naman Premier, Naman Habitat, and the upcoming luxury Naman Xana on Worli Sea Face.

The hospitality vertical is anchored by a flagship partnership with Accor, operating the 302-room Sofitel Mumbai BKC and 206-room ibis Mumbai BKC, alongside a 63-room Lemon Tree in Kalina and Soho House Mumbai. Healthcare is delivered through Namaha Healthcare, a 101-bed multispecialty hospital operated as a joint venture with the Kapadia family. The food and beverages vertical is built on GoGo Foods, a Gujarati farsan brand with a 50+ year legacy, and Meeso, a ready-to-eat range distributed through travel hubs. Financial services span SNSF (founded 1995) and the cloud-based Global Investing Platform (GIP) developed with INX GA. Travel services are delivered through GoGo Travels, operating a 26-vehicle fleet since 1998.

The group monetizes through a hybrid of one-time real estate sales (high-ticket, Mumbai luxury pricing), recurring hospitality and healthcare revenue, and transactional F&B, financial, and travel services. Distribution advantages flow from the Accor global reservation network, BKC location primacy, and cross-vertical captive demand (e.g., GoGo Travels feeding GoGo Foods distribution). Capital-allocation edge is evidenced by NCLT-driven acquisitions of distressed Mumbai developers, most notably the Rs 391 crore resolution plan for Neptune Developers announced on 2025-03-29 and the ongoing Radius Infra takeover. No public financials are disclosed.

Name

Shree Naman Group

Legal name

Shree Naman Group

Website

http://namangroup.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Shree Naman Group is a privately held Mumbai-based conglomerate founded in 1993 operating across real estate, hospitality, healthcare, food & beverages, financial services, and travel, serving HNI homebuyers, corporate travelers, patients, retail investors, and consumers in western Mumbai.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development: Revenue generated from development and sale of premium residential and commercial properties across Mumbai's prime locations including BKC, Lower Parel, Andheri West, and Worli. Projects include Naman Midtown, Naman Centre, Naman Residency, Naman Habitat, Naman Premier, Naman Xana, and others. The group has also engaged in redevelopment projects and acquisitions of insolvent developers.
2. Hospitality Operations: Revenue from hotel ownership and operations through brand partnerships with Accor (Sofitel Mumbai BKC - 302 rooms, 5-star; ibis Mumbai BKC - 206 rooms) and Lemon Tree Hotels (Lemon Tree Hotel Kalina - 63 rooms). Includes revenue from food & beverage outlets, events, and ancillary hospitality services within hotel properties.
3. Healthcare Services: Namaha Healthcare, a 101-bed multispecialty boutique hospital in Mumbai's western suburbs, generates revenue through patient services including obstetrics, gynaecology, cardiology, orthopaedics, neurology, gastroenterology, nephrology, and diagnostics.
4. Food & Beverages: GoGo Foods (50+ years legacy) generates revenue from authentic Gujarati farsan and snacks. Meeso brand offers ready-to-eat dim sums, baos, momos, and spring rolls distributed through airports and metro stations. Includes pan-Asian dining at Meeso Kitchen & Bar.
5. Financial Services: Shree Naman Securities and Finance (SNSF), founded in 1995, generates revenue through stock broking (BSE/NSE Cash and F&O), DEMAT services, and its Global Investing Platform (GIP) enabling international market access for Indian investors.
6. Travel Services: GoGo Travels, a division since 1998, operates as a full-service travel agency with a premium fleet of 26 vehicles serving individuals, families, and corporate clients with domestic and international itineraries and fleet services.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Shree Naman Group is a diversified conglomerate that develops and sells premium residential and commercial real estate properties in Mumbai's prime locations (BKC, Lower Parel, Andheri, Worli), operates luxury and mid-scale hotels through brand partnerships (Sofitel, ibis, Lemon Tree), runs a 101-bed multispecialty hospital (Namaha Healthcare), produces and sells authentic Gujarati snacks and ready-to-eat products (GoGo Foods, Meeso), provides stock broking and international investing services (SNSF), and offers travel and fleet services (GoGo Travels) through wholly owned subsidiaries.

Product overview

Shree Naman Group is a diversified conglomerate operating across multiple verticals in Mumbai, India. The company operates as a multi-business portfolio comprising real estate development (residential and commercial projects including Naman Midtown, Naman Premier, Naman Habitat, Naman Residency), hospitality (luxury hotels including Sofitel Mumbai BKC, Lemon Tree Hotels, ibis Mumbai, Soho House Mumbai), healthcare (Namaha Healthcare - 101-bed multispecialty hospital), food & beverages (GoGo Foods, Meeso Kitchen & Bar), financial services (Shree Naman Securities and Finance with Global Investing Platform), and travel services (GoGo Travels). The group is guided by founder Mr. Jayesh Shah and managed by Mr. Naman Shah, with over 30 years of legacy and 3000+ professionals. Key locations include Worli, Andheri East/West, Bandra Kurla Complex (BKC), Lower Parel, and Kalina.

Differentiator

Problem solved

Functional benefit

Brands

• Naman Midtown: Premium commercial space development in Lower Parel, Mumbai
• Naman Centre
• Naman Residency
• Naman Habitat
• Naman Premier
• Naman Xana
• Saarthi
• Trent House
• GoGo Foods
• Meeso
• Namaha Healthcare
• SNSF Global Investing Platform
• GoGo Travels

Products and services

• Naman Midtown Premium commercial development in Lower Parel, South Mumbai, redefining modern office experience with coworking zones, on-site dining, and concierge services featuring city views. Target audience: corporate offices and commercial tenants.
• Naman Premier Modern residential development in Andheri East offering 1 & 2 BHK apartments with contemporary amenities including clubhouse, gymnasium, children's play area, jogging track, and landscaped gardens. 374 units across 60,000 Sq. Mt. Registered with MahaRERA (P51800008002). Target audience: urban families and professionals.
• Naman Habitat Premium residential and commercial development in Andheri West offering 2 & 3 BHK homes with rooftop gardens, private fitness zones, and curated lifestyle services. 184 units across 43,950 Sq. Mt. Registered with MahaRERA (P51800004108). Target audience: affluent homebuyers and professionals.
• Sofitel Mumbai BKC Luxury 5-Star Deluxe hotel in Bandra Kurla Complex with 302 exquisitely designed rooms and suites including Imperial Suite, multiple fine dining options (Pondichéry Café, Tuskers, Jyran, Artisan, Le Bar Diamantaire). Approved by Government of India. Target audience: business travelers, leisure guests, and corporate clients.
• ibis Mumbai BKC Modern hotel in Bandra-Kurla Complex with 206 elegantly appointed guestrooms featuring signature Sweet Beds, high-speed Wi-Fi, smart technology, meeting spaces, Spice It multi-cuisine restaurant, and fitness center. Located 7 km from Chhatrapati Shivaji International Airport. Target audience: business and mid-scale travelers.
• Lemon Tree Hotel, Kalina Premium hotel in Kalina with 63 thoughtfully designed rooms featuring Citrus Café for multi-cuisine dining and Slounge restaurant and bar, fitness center for business and leisure travelers. Target audience: business travelers and leisure guests.
• Namaha Healthcare 101-bed multispecialty boutique hospital in Mumbai's western suburbs, a collaboration between Shree Naman Group and Kapadia family. Specialties include Women's Health (Obstetrics, Gynaecology, IVF, Fetal Medicine, Menopause Clinic), Cardiology (Angiography, Angioplasty, Bypass Surgery), Orthopedics (Joint Replacement, Spine Surgery), and Medical Services (Neurology, Gastroenterology, Nephrology, Pediatrics, Rheumatology). Features 24/7 Emergency & ICU, Cath Lab, Advanced Modular OT, Dialysis Unit. Target audience: residents of Mumbai's western suburbs.
• GoGo Foods Food and snacks brand with over 50 years of legacy, synonymous with authentic Gujarati farsan and snacks, operating across multiple formats including GOGO Snacks retail products. Target audience: consumers seeking authentic regional Indian snacks.
• Shree Naman Securities and Finance (SNSF) Stock broking company founded in 1995 offering retail broking in Cash (BSE/NSE) and F&O segments, global investing solutions, and DEMAT services. Target audience: Indian retail investors seeking domestic and international market access.
• Global Investing Platform (GIP) Cloud-based platform providing Indian investors direct access to global markets including U.S., U.K., Germany, France and beyond. Powered by INX GA technology, enabling portfolio diversification and international investment opportunities. Target audience: Indian investors seeking international exposure.
• GoGo Travels Travel and mobility division since 1998 offering full-service travel agency with premium fleet of 26 well-maintained vehicles, bespoke domestic and international itineraries, and corporate fleet services. Target audience: corporate clients and individual travelers.
• Meeso Kitchen & Bar Pan-Asian dining concept offering contemporary, ready-to-eat delights including dim sums, bao, spring rolls crafted with fresh ingredients free from preservatives or MSG. Available at major airports and metro hubs. Target audience: travelers and consumers seeking convenient ready-to-eat Asian cuisine.

Quantifiable outcome

• 3000+ professionals across engineering, design and service sectors delivering projects across 6 verticals
• +2 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered flagship, core and minor.

• Accor (Sofitel, ibis)flagshipChannel Partner/ Reseller/ DistributorShree Naman Group partners with Accor to operate the Sofitel Mumbai BKC (302 rooms, 5-star Deluxe) and ibis Mumbai BKC (206 rooms) under globally recognized Accor brands. This is a flagship partnership bringing world-class hospitality to Mumbai's business district.
• Lemon Tree HotelscoreChannel Partner/ Reseller/ DistributorShree Naman Group partners with Lemon Tree Hotels to operate the Lemon Tree Hotel, Kalina (63 rooms) as part of India's premier mid-scale hotel chain, serving business and leisure travelers near Mumbai's U.S. consulate.
• Kapadia FamilycoreStrategic or Co-development PartnerCollaboration with the Kapadia family (Ramaben Hospital, Navsari, South Gujarat) to establish Namaha Healthcare, a 101-bed boutique multispecialty hospital in Mumbai's western suburbs. The Kapadia family's 70+ years of medical experience in women's healthcare is combined with Shree Naman Group's real estate and business expertise.
• INX GAcoreTechnology or IntegrationSNSF's Global Investing Platform (GIP) is powered by INX GA's cloud-based technology, enabling Indian investors to access international markets including the US, UK, Germany, and France through a seamless technology-driven platform.
• CREDAI-MCHI Women's Wing & Vasantha Memorial TrustminorStrategic or Co-development PartnerCSR partnership for cancer awareness and health camps for construction workers, offering oral and dental screenings, health checkups, and cancer symptom guidance to over 75 workers.
• Environmental Sanitation InstituteminorStrategic or Co-development PartnerGogo Foundation, supported by Shree Naman Group, donated the vehicle 'Vinya' to the Environmental Sanitation Institute - a mobile unit for spreading awareness and education through IEC tools across India.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Lodha Group (Macrotech Developers): India's largest listed real estate developer by market cap, with deep Mumbai focus on premium and luxury residential (Lodha Park, World Towers) plus commercial developments. Most directly comparable peer to Shree Naman's premium-Mumbai-residential core business, with greater scale and public-market capital access.
• Oberoi Realty: Mumbai-focused listed developer of luxury residences and commercial office space across Worli, Goregaon, Mulund, and Borivali. Closely comparable to Shree Naman on geography and premium-segment focus; cited in the same ET reporting as a competing bidder for the Bandra Railway land parcel.
• Brigade Enterprises: Diversified South-India-headquartered conglomerate spanning residential, commercial, hospitality (Sheraton, Marriott partnerships), healthcare (Manipal Hospitals via associates), and serviced offices. Closest structural analog to Shree Naman's multi-vertical model, though more Bengaluru-centric.
• Prestige Group: Diversified Indian developer with residential, commercial, retail, and hospitality (conrad, Marriott) operations. Multi-vertical conglomerate structure paralleling Shree Naman, though with deeper hospitality presence and listed parent (Prestige Estates Projects).
• Mahindra Lifespace Developers: Listed residential developer within the Mahindra Group, focused on premium urban housing and integrated townships. Comparable premium-segment residential strategy with the added credibility of a large Indian conglomerate parent.
• Lemon Tree Hotels: Listed mid-scale and upscale Indian hotel chain. Shree Naman's Lemon Tree Kalina operates as a partner/franchise, making Lemon Tree a direct counterparty and the closest comparable on operating model for the midscale hospitality vertical.
• IIFL Securities: Listed Indian retail broking and wealth management firm with BSE/NSE membership and global investing offerings. Comparable to Shree Naman Securities and Finance (SNSF) on stock broking, DEMAT, and international market access via technology platforms.

Broad incumbents

• Godrej Properties: Listed, pan-India premium and luxury developer under the Godrej Group. Competes with Shree Naman in Mumbai's premium residential market while also operating in Bengaluru, NCR, Pune, and Chennai. Larger, more diversified, and capital-markets-enabled.
• Indian Hotels Company (Taj): Tata-group hospitality incumbent operating Taj, Vivanta, Ginger, and SeleQtions brands. Comparable on the hospitality vertical — both own/operate luxury and midscale inventory in Mumbai — though IHCL is materially larger and pan-India.
• Apollo Hospitals: India's largest listed hospital chain. Comparable to Namaha Healthcare on multispecialty tertiary care, though at national scale. Useful reference for inpatient capacity, specialty mix, and margin benchmarks in Indian private healthcare.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/shreenamangroup
• YouTubeyoutube.com/user/ShreeNamanGroup
• Facebookfacebook.com/ShreeNamanGroup
• LinkedInin.linkedin.com/company/naman-group
• Instagraminstagram.com/shreenamangroup/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shree Naman Group