Malpani Group

What Malpani Group does

Malpani Group is a privately held, family-owned diversified business house headquartered in Nashik, Maharashtra, India, operating since 1987 when founders Hemant V. Malpani and Somnath V. Malpani formed Ashish Enterprises. The group operates through four primary verticals — real estate development (residential apartments, row houses, integrated complexes and commercial premises), property leasing (office space, showrooms, shops and built-to-suit commercial properties), infrastructure and government contracting via its wholly-owned subsidiary Arika Buildwell LLP (building construction, water works and pipelines, roads and bridges for Central, State and Municipal corporations), and diversification businesses in education and international trade led by the second generation.

The group's core technology is conventional real-estate development and property management with a stated emphasis on quality construction and customer satisfaction, supported by named completed and ongoing projects such as Malpani Pride, Malpani Arcade, Raghukul Vihar, Malpani New Swapnagandha, Malpani Business Park, Yash Plaza, Malpani Central and Mauni Ashish across Nashik, and the Malpani Industrial & Logistic Park in Pune's Chakan area. The group is a Life Member of CREDAI and follows a hybrid sell-and-lease business model.

Malpani Group monetises through a mix of one-time outright sales of residential and commercial units (over 2,000 families housed to date, with cumulative development of approximately 1.5 million sq ft) and recurring lease income from commercial and industrial tenants including Tata Group, Aditya Birla Group, Axis Bank, Reliance, IDFC First Bank, Shriram Finance, Flipkart, Zudio and Tata Katcon Exhaust Systems, supplemented by project-based government infrastructure contracts. The go-to-market is sales-led and direct, leveraging the founders' and second-generation leadership's local network in Maharashtra rather than digital channels.

Name

Malpani Group

Legal name

Malpani Group

Website

https://malpanigroup.in

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Malpani Group is a privately held Nashik-based family business house founded in 1987 that develops residential and commercial real estate, leases office and industrial space, executes government infrastructure contracts through subsidiary Arika Buildwell LLP, and operates adjacent education and international trade verticals.

Ownership category

akta.pro rank

Headquarters

HQ city

Nasik

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales

Revenue model

1. Real Estate Sales: Outright sale of residential and commercial premises to end buyers, with over 2000 families having purchased flats in their projects
2. Property Leasing: Leasing of office spaces, showrooms, shops, and residential spaces. They also provide commercial built-to-suit properties for specific client requirements.
3. Infrastructure & Government Contracting: Through Arika Buildwell LLP, the group executes government contracts for building construction, water works and pipeline, roads and bridges

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Malpani Group is a family-owned diversified business established in 1987 in Nashik, India, primarily engaged in real estate development and property leasing across residential and commercial segments. The group also operates in infrastructure, education, and international trade, with a portfolio of named developments including Malpani Pride, Raghukul Vihar, Malpani Arcade, Malpani New Swapnagandha, Malpani Central, Mauni Ashish, Malpani Business Park, and Yash Plaza.

Product overview

Malpani Group operates as a diversified business house primarily focused on real estate development and property management in Nashik, Maharashtra. The group offers a portfolio of residential and commercial properties including apartments, row houses, showrooms, and office spaces. Beyond core real estate, the group has diversified into infrastructure development through Arika Buildwell LLP (government contracting), leasing services with built-to-suit options, and verticals in education and international trade. The product portfolio includes named properties such as Malpani Pride, Raghukul Vihar, Malpani Arcade, Malpani New Swapnagandha, Malpani Central, Mauni Ashish, Malpani Business Park, and Yash Plaza, with total development exceeding 1.5 million sq. ft. and over 2,000 satisfied families.

Differentiator

Problem solved

Functional benefit

Brands

• Arika Buildwell LLP: Infrastructure and Government Contracting entity of Malpani Group, working for various Central, State and Municipal Corporations in building construction, water works and pipeline, Roads and bridges.

Products and services

• Malpani Pride Named residential real estate development within the Malpani Group's Nashik-area property portfolio.
• Raghukul Vihar Named residential real estate development within the Malpani Group's Nashik-area property portfolio.
• Malpani Arcade Named commercial real estate development leased to retailers and corporate tenants.
• Malpani New Swapnagandha Named residential real estate development within the Malpani Group's Nashik-area property portfolio.
• Malpani Central Named commercial real estate development leased to retailers and corporate tenants.
• Mauni Ashish Named residential real estate development within the Malpani Group's Nashik-area property portfolio.
• Malpani Business Park Named commercial real estate development targeted at corporate and business tenants.
• Yash Plaza Named commercial real estate development leased to retailers and corporate tenants.

Named customers9 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Tata Katcon Exhaust SystemscoreChannel Partner/ Reseller/ Distributor · 3 March 2025Tata Katcon Exhaust Systems, a joint venture between Tata AutoComp Systems and Katcon Global, has entered into a long-term lease for 77,800 sq ft of industrial space at Malpani Industrial & Logistic Park in Pune's Chakan area. The lease spans over 10 years with a five-year lock-in period, at a monthly rental rate of Rs 29 per sq ft, representing a 10% increase over the previous agreement. This is a significant corporate lease partnership aligning with growing demand for sustainable industrial infrastructure in India driven by government initiatives like Make in India and PLI schemes.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Naiknavare Developers: Pune-based developer offering residential apartments, commercial spaces and plotted developments across Maharashtra. Closely comparable in regional positioning, mid-market segment and sale-plus-lease business model.
• Gera Developments: Pune-headquartered developer of premium residential and commercial properties, with a strong child-centric and customer-centric brand positioning. Comparable in regional scale, Maharashtra focus and customer-experience-led differentiation.
• Rohan Builders: Pune-based real estate developer focused on residential apartments, villas and commercial projects in Maharashtra. Comparable in regional concentration, product mix and mid-market positioning.
• VTP Realty: Pune-headquartered residential and commercial developer with township and commercial projects. Comparable in scale and target customer (mid-market Maharashtra buyer), and operates a similar hybrid sale-and-lease model.
• Kolte-Patil Developers: Pune-headquartered residential and commercial developer with comparable scale and product mix (apartments, townships, commercial leasing). Both serve Maharashtra buyers with mid-market to upper-mid positioning and have grown through regional brand strength.

Broad incumbents

• Lodha Group (Macrotech Developers): India's largest listed residential developer with significant commercial leasing and mixed-use portfolio. Comparable in commercial leasing franchise and tenant mix, though operates at substantially larger scale across multiple cities.
• Godrej Properties: One of India's largest listed residential developers with pan-India presence including Tier-2 markets. Comparable product (residential apartments, plotted developments, commercial leasing), with substantially larger scale and capital access.
• L&T Realty: Large pan-India developer with strong Maharashtra presence and a residential + commercial portfolio. Comparable in product type but vastly larger in scale and capital access; relevant as a benchmark for build quality and contracts capability (Jayesh Malpani's former employer).
• Hiranandani Group: Premium Indian developer with township and commercial leasing focus; comparable in product mix (integrated residential + commercial leasing) though operating at much larger scale and metro-level pricing. Relevant benchmark given Ashish Malpani's prior tenure.
• Shapoorji Pallonji Real Estate: Diversified Indian conglomerate real estate arm with residential, commercial and infrastructure projects. Comparable in integrated residential-commercial-infrastructure offering and conglomerate backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/malpani.groupnashik
• LinkedInlinkedin.com/company/malpanigroup
• Instagraminstagram.com/_malpanigroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Malpani Group