Naresta
Naresta is a private Lithuanian general contractor founded in 1994, delivering commercial, residential, public-sector, and life-sciences construction projects (750+ completed) for government and developer clients, with 2024 revenue of €49.2M and a projected €80–90M for 2025.
- Company typePrivate
- Founded1994
- HeadquartersVilnius, Lithuania
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Naresta does
Naresta (legal entity Uždaroji akcinė bendrovė „NARESTA") is a private Lithuanian general contracting and construction company headquartered at Kareivių g. 11B, Vilnius, founded in 1994. The company delivers three core services: general contracting for complex commercial, residential, and public buildings; renovation and restoration including historical preservation; and monolithic concrete construction for large-scale structural projects. Naresta has completed over 750 projects and operates a team of 270+ professionals, serving public-sector clients (notably Vilnius City Municipality on the National Stadium), commercial real estate developers (Sparta AB, 44Projects, Darnu, Dome, Inhus, Releven), life sciences operators (Northway Biotech for the Baltic's first Gene Therapy Centre and BIO CITY III), educational institutions (Vilnius International School), and industrial buyers (Magrės baldai). It also offers a complementary residential rental service.\n\nThe business model is project-based and B2B: revenue is generated through fixed-price contracts won via competitive public tenders (government/municipal) and direct negotiation with private developers, with revenue recognized upon project completion. Geographic focus is Lithuania (Baltic States), with no disclosed cross-border operations. Margins are thin — reported 2024 net profit of €301,273 on €49.2M revenue equates to a 0.6% net margin, indicating a high-volume, low-margin general contracting economics typical of the sector.\n\nTechnologically, Naresta is investing in construction digitalization through an in-development Digital Twin program for real-time building performance modeling and construction simulation, and has deployed the Worksober biometric safety system for site worker intoxication control. These are digitalization and sensor-driven tools rather than AI-native platforms. Leadership includes CEO Tadas Grincevičius, CFO Aurimas Bičiūnas (appointed April 2025), Construction Director Klaudijus Šimonis, Director of Projects Gintas Kateiva, and Director of Quality and Technology Kazys Žukauskas. Naresta is privately held with no disclosed parent, institutional investor, or public listing.
Naresta firmographics
Firmographics- Name
- Naresta
- Legal name
- Uždaroji akcinė bendrovė "NARESTA"
- Website
- https://naresta.lt
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Naresta is a private Lithuanian general contractor founded in 1994, delivering commercial, residential, public-sector, and life-sciences construction projects (750+ completed) for government and developer clients, with 2024 revenue of €49.2M and a projected €80–90M for 2025.
- Ownership category
- akta.pro rank
Naresta industry classification
Industry- Product category
- General Construction Contracting
- NAICS
- Nonresidential Building Construction (2362)
- SIC
- General Bldg Contractors - Residential Bldgs (1520), General Bldg Contractors - Nonresidential Bldgs (1540)
- akta.pro primary industry
- Residential General Contracting (New Build) (IMAFAAAB)
Keywords
Where Naresta is headquartered
LocationHeadquarters
- HQ city
- Vilnius
- HQ country
- Lithuania
- HQ region
- Europe
Offices1 record
Markets served
Naresta business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- General Construction Contracting: Revenue generated from general contracting services for construction projects including new builds, renovation, and restoration. Projects span commercial, residential, public infrastructure, and specialized facilities.
- Project-Based Construction Services: Fixed-price contracts for construction projects with revenue recognized upon project completion
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Naresta product offering
Product offeringCore offering
Naresta is a Lithuanian general contractor providing end-to-end construction services, including general contracting for new commercial, residential, and public buildings, renovation and restoration (including historical structures), and specialized monolithic concrete construction. Projects are delivered under fixed-price contracts secured through competitive tenders and direct developer relationships.
Product overview
Naresta is a construction company offering general contracting, renovation and restoration, and monolithic concrete construction services. The company operates as a single unified service offering rather than a modular software platform. Core services include general contracting for commercial, residential, and public buildings, building renovation and restoration (including historical sites), and specialized monolithic concrete construction. The company also provides residential rental services as a complementary offering. Projects span diverse sectors including stadiums, business centers, biotechnology facilities, residential complexes, and educational institutions.
Differentiator
Problem solved
Functional benefit
Products and services
- General Contracting (Generalinė ranga) End-to-end general construction contracting for complex and distinctive commercial, residential, and public building projects in Lithuania.
- Renovation and Restoration (Renovacija ir restauracija) Building renovation and restoration services including historical building preservation and modernization for private and public clients.
- Monolithic Concrete Construction (Monolitinių konstrukcijų betonavimas) Specialized monolithic concrete construction services for large-scale structural projects requiring in-house concrete pouring capability.
- Residential Rental Services (Gyvenamosios paskirties patalpų nuoma) Residential property rental services offered as a complementary line alongside Naresta's core construction operations.
Quantifiable outcome
- €102+ million annual turnover demonstrating market leadership position
- +2 more outcomes
Companies that use Naresta
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Naresta technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Naresta partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered major, core and minor.
- 44ProjectsmajorProject management partnership for Saulės private gymnasium complex. 44Projects serves as project controller while Naresta acts as general contractor.
- Northway Group / Northway BiotechcoreStrategic partnership for biotechnology infrastructure development in Lithuania. Naresta built the first Gene Therapy Centre in the Baltic countries and continues with BIO CITY III project including Stem Cell Research Centre warehouse. Northway is a key player in Lithuania's life sciences sector.
- DO ArchitectsmajorArchitecture studio collaborating on the Saulės private gymnasium project in Justiniškės district
- CaverionminorBuilding systems and technical services partner mentioned in partner logos section
- DarnuminorPartner company in construction projects
- DomeminorPartner company in construction projects
- TurtominorPartner company in construction projects
- InhusminorPartner company in construction projects
- RelevenminorDeveloper partner for Sanguškų Park project in Vilnius Old Town
- HEIMA studiomajorArchitecture studio that delivered the architectural solution for Sanguškų Park project in Vilnius Old Town
- Cloud ArchitectsmajorArchitecture studio that designed the Cyber City business centre project
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Naresta competitors and assessment
Company assessmentDirect peers
- Irdaiva: Lithuanian construction firm specializing in general contracting and renovation services — directly comparable in core services with overlapping focus on restoration and remodeling.
- YIT Lietuva: Lithuanian arm of Finnish construction group YIT, offering general contracting, residential and commercial development, and infrastructure services — the closest large-scale, multi-segment general contractor peer to Naresta in Lithuania.
- Mitnija: One of Lithuania's largest general construction contractors delivering commercial, public, and residential projects — directly comparable in core offering and Lithuanian market focus.
- Conresta: Lithuanian general contractor delivering commercial, residential, and public-sector projects — directly comparable in customer mix and service offering.
- Merko Ehitus (Merko Statyba in Lithuania): Estonian-headquartered Baltic construction group with Lithuanian operations providing general contracting for commercial, residential, and public buildings — directly comparable in services, customer base, and Baltic geography.
- Panevėžio statybos trestas (PST): Long-established Lithuanian general contractor with a similar mix of public infrastructure, commercial, and residential work — directly comparable in scale and service portfolio.
- Eikos statyba: Lithuanian general contractor with similar exposure to public infrastructure and commercial development projects across the Vilnius region.
Broad incumbents
- Veidekke (Baltic operations): Nordic general contractor and developer with Baltic exposure; broader incumbent that competes with Naresta on mid-to-large scale public and commercial tenders in Lithuania.
- Skanska (Baltic operations): Global Swedish construction and development group with Baltic presence; broader incumbent offering large-scale commercial and infrastructure builds alongside Naresta in Lithuania.
Emerging players
- Kauno tiltai: Lithuanian firm focused on infrastructure and bridge construction; adjacent capability set overlapping with Naresta's public-infrastructure bid work.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Naresta social profiles
Digital presenceNaresta financial estimates
Financial estimateRevenue estimate
Valuation estimate
Naresta leadership team
Management profileNumber of profiles
Profiles7 records
Naresta funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Naresta M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Naresta
What does Naresta do?
Naresta is a Lithuanian general contractor providing end-to-end construction services, including general contracting for new commercial, residential, and public buildings, renovation and restoration (including historical structures), and specialized monolithic concrete construction. Projects are delivered under fixed-price contracts secured through competitive tenders and direct developer relationships.
Is Naresta a public or private company?
Naresta is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Naresta founded?
Naresta was founded in 1994. It employs 101 to 250 people.
Where is Naresta based?
Naresta is headquartered in Vilnius, Lithuania, in the Europe region.
How does Naresta make money?
Two revenue lines are on record. General Construction Contracting is the primary driver. The others are project-Based Construction Services.
Who are Naresta's main competitors?
Direct peers on record are Irdaiva, YIT Lietuva, Mitnija, Conresta, Merko Ehitus (Merko Statyba in Lithuania), Panevėžio statybos trestas (PST) and Eikos statyba. Broad incumbents are Veidekke (Baltic operations) and Skanska (Baltic operations). Kauno tiltai is listed as an emerging player.
Does Naresta have an API?
No public API is recorded for Naresta.
What industry is Naresta in?
Naresta's product category is General Construction Contracting. Its primary akta.pro industry code is IMAFAAAB, Residential General Contracting (New Build). Its NAICS code is 2362 and its SIC code is 1520.