Shristi Infrastructure Development Corporation

What Shristi Infrastructure Development Corporation does

Shristi Infrastructure Development Corporation Limited is a publicly listed (BSE: 511411) Indian infrastructure and real estate developer headquartered in Kolkata, West Bengal, founded in 1997 and operational since 1999. The company operates across eight vertical segments: integrated townships, residential developments, retail malls, commercial complexes, industrial parks, healthcare, hospitality, and education, with a geographic focus on eastern and northeastern India spanning ten cities including Asansol, Kolkata, Guwahati, Siliguri, Durgapur, Krishnagar, Shantiniketan, Haldia, Agartala, and Raniganj.

The company's core product is the integrated township — master-planned communities combining housing, retail, healthcare, education, hospitality and recreation within a single gated footprint. Flagship assets include Shristinagar Asansol (90 acres, designed by Sembcorp Architects of Singapore, housing ~1,500 families with capacity for 5,000), Shristinagar Guwahati (250 acres on the banks of the Brahmaputra, conceptualized by Stantec), Kanchanjanga Integrated Park (125 acres in Siliguri with anchor industrial tenants Maruti Suzuki, Snowman Logistics, Sheela Foam and Intas Pharmaceuticals), and The V Kolkata (premium residences co-located with The Westin hotel). Diversified operating assets include four shopping malls (Sentrum Asansol, Krishnagar Sentrum, Durgapur City Centre, Aitorma Agartala), three hospitals totaling approximately 1,150 beds (Healthworld Asansol, Shuvadarshini Raniganj, Suasth Navi Mumbai), the 314-room Westin Kolkata (the only hotel in eastern India with a rooftop helipad), the upcoming 120-key Taj business hotel at Asansol, the Srihari Global School (CBSE, 1,200+ students), the Odyssey Club recreation facilities, and Raniganj Square (a 25-acre logistics hub with anchor tenants MRF, ITC and LG). Partnerships span international architecture firms (Sembcorp, Stantec), global hospitality brands (Westin/Marriott, Taj/IHCL), and marquee industrial and retail tenants.

The business model combines transaction-based real estate sales (one-time recognition on unit handover within townships) with recurring managed-services revenue across retail rentals, hospital operations, hotel operations, school fees, and club memberships. Go-to-market is primarily direct sales through physical project-site offices in each of the ten operating cities, supplemented by a corporate website and standard social media presence. On July 30, 2026, the company incorporated Shristi Realty Holdings Limited as a wholly-owned subsidiary to house future real estate and construction ventures. The company carries credit ratings of BWR D (bank loan facilities) and BWR C (NCDs of Rs 145 crore) from Brickworks, and the most recent reported financials show declining revenue and persistent net losses, indicating material financial stress despite continued operational expansion.

Name

Shristi Infrastructure Development Corporation

Legal name

Shristi Infrastructure Development Corporation Limited

Website

http://www.shristicorp.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Real Estate Development and Infrastructure

NAICS

Land Subdivision (2372), Commercial and Institutional Building Construction (236220)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Non-Operating Establishments (9995)

akta.pro primary industry

Community Engagement & Participatory Planning (BPAHAKAO)

akta.pro secondary industry

Affordable & Public Housing Asset Management (BPAJAMAI)

Keywords

• Integrated township development
• Real estate development
• Residential construction
• Commercial real estate
• Infrastructure development

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Real Estate Development and Sales: The company generates revenue through the sale of residential units including apartments, plots, villas, townhouses, and bungalows within integrated townships and residential complexes across eastern and northeastern India.
2. Retail and Commercial Leasing: The company operates shopping malls and commercial office spaces, generating rental income from tenants including national brands and retailers. Malls include Sentrum Mall Asansol, Krishnagar Sentrum Mall, Durgapur City Centre, and Aitorma Sentrum Agartala.
3. Hospitality Services: The company operates hospitality assets including The Westin Hotel Kolkata and upcoming Taj business hotel in Asansol and resorts, generating revenue from hotel operations.
4. Healthcare Services: The company operates hospitals including Healthworld Hospital (550-bed super specialty in Asansol), Shuvadarshini Hospital (200-bed multispecialty in Raniganj), and Suasth Hospital (400+ bed in Navi Mumbai).

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Shristi Infrastructure Development Corporation is a publicly listed Indian infrastructure and real estate development company that builds and operates integrated townships, residential complexes, retail malls, commercial office spaces, industrial parks and warehouses, hospitals, hotels, schools, and recreational clubs. Its portfolio spans large-scale mixed-use developments such as the 90-acre Shristinagar Asansol and the 250-acre Shristinagar Guwahati, complemented by premium residences, hospitality assets, healthcare facilities, and education institutions across eastern and northeastern India.

Product overview

Shristi Infrastructure Development Corporation is a pan-Indian infrastructure development company with a diversified portfolio spanning townships, residential developments, retail malls, commercial spaces, industrial parks, healthcare, hospitality, and education. The company operates large integrated townships including Shristinagar Asansol (90 acres) and Shristinagar Guwahati (250 acres), complemented by retail destinations like Sentrum Malls across multiple cities, premium residences such as The V Kolkata, industrial and logistics hubs including Kanchanjanga Integrated Park and Raniganj Square, healthcare facilities including Healthworld Hospital (550 beds), hospitality projects including The Westin Hotel and upcoming Taj hotels, and educational institutions like Srihari Global School. The company also operates Odyssey Club leisure facilities across its developments. In July 2026, the company incorporated Shristi Realty Holdings Limited as a wholly owned subsidiary to expand its real estate and construction ventures.

Differentiator

Problem solved

Functional benefit

Brands

• Shristi: Primary brand name for infrastructure development, real estate, and township projects including Shristinagar Asansol and Shristinagar Guwahati.

Products and services

• Shristinagar Asansol Green integrated township spread over 90 acres in Asansol, West Bengal, designed to accommodate about 5,000 families with lifestyle apartments, group housing, plots, townhouses, bungalows and row housing. Includes Sentrum Mall, Odyssey Club, Taj business hotel, commercial block, Srihari Global School, and Healthworld Hospital.
• Shristinagar Guwahati First integrated township in North East India spread over 250 acres situated at Ramsa Hills, Noonmati near Kharguli, Guwahati on the banks of the Brahmaputra river. Features residential plots, apartments, villas, commercial block, healthcare facilities, educational infrastructure, leisure club and hospitality facilities.
• Kanchanjanga Integrated Park Industrial and residential hub spanning 125 acres in Siliguri on NH 31D, featuring industrial, commercial and residential zones with facilities for manufacturing, warehousing and logistics. Tenants include Maruti Suzuki, Sheela Foam, Snowman Logistics, and Intas Pharmaceuticals.
• The V Kolkata Limited edition luxury residences located in New Town, Kolkata adjacent to The Westin hotel. Spread over 8 acres with 4 lakh sq.ft built-up area, featuring 3 BHK and 4 BHK units with boutique club, gym, swimming pool and Eco-Park views.
• Royal Avenue Luxury 3, 3.5 and 4 BHK double-storeyed homes in Asansol featuring ultra-spacious rooms with privacy and security. First AC premium homes in Asansol with dedicated car parks, private rooftop space, study room, and servant quarters.
• Kanakangan II 17-storied premium residential tower within Durgapur City Centre Complex with approximately 100 modern lifestyle apartments, basement parking spread over 4 floors, and leisure club.
• Sentrum Mall Asansol Asansol's premier air-conditioned shopping destination with multiplex and retail stores of national and international brands. Attracts approximately 10,000 daily footfall. Features Pantaloons, Reliance Fashion Factory, V2, Adidas, Louis Philippe, Monte Carlo, Barbeque Nation, CCD, Domino's and Cine Cosmo Multiplex.
• Sentrum Mall Krishnagar Lifestyle destination in Krishnagar with popular brands including Pantaloons, Khadim's, Reliance Trends, Easy Buy and MI Store. Features first 2-screen multiplex in the district operated by SVF Cinemas.
• Durgapur City Centre (Dreamplex) State-of-the-art shopping mall spanning 1 lac sq. ft. with SSR Cinemas and popular brands including Hoffman, Jio, Khadim's, Apple Store, Indian Jems and Jewellery, Reliance Smart Bazaar, Wow Momo.
• Aitorma Sentrum Agartala First-of-its-kind mixed-use development in Agartala, Tripura. Six-floor complex spanning 1 lac sq. ft. housing brands including Raymonds, Killer Jeans, Jawed Habib, Metro Bazaar, Siyarams, Liliput. Business hotel 'Hotel Heaven' on 5th and 6th floors.
• Raniganj Square - The Highway Hub First-of-its-kind logistics hub in Raniganj spread over 25 acres with 6 lakh sq. ft. built-up area and 5 lakh sq. ft. warehousing space. Features warehouses, automobile showrooms, commercial spaces, godowns, hospitals, truck terminal. Approximately 30 units occupied by MRF, ITC and LG.
• Healthworld Hospital 550-bed super specialty hospital in Asansol delivering world-class healthcare. Services include Critical care, Cardiology, Neurology, Neurosurgery, Urology, Gastroenterology, General Surgery, Laparoscopy, Robotic Surgery, Gynecology, Neonatology, and Oncology.
• Shuvadarshini Hospital 200-bed multispecialty hospital in Raniganj with departments including Cardiology, Cardiothoracic Surgery, Emergency Medicine, ENT, Plastic Surgery, Orthopaedic, Urology, Neurosurgery. Facilities include Cathlab, MRI, CT, NICU and Dialysis.
• Suasth Hospital Super specialty hospital in Navi Mumbai with over 400 beds, 70 acute care beds, 10 operating rooms. Focus areas include neurosurgery, oncology, organ transplant, and trauma. Built-up area of 5.2 lac sq. ft. on 4 acres land.
• The Westin Hotel Kolkata 5-star hotel in New Town, Kolkata with 314 rooms, 4 lakh sq. ft. built-up area on 4 acres. Features fine dining restaurants, swimming pool, International standard lounge on 31st floor, and helipad on 32nd floor. Only hotel in Eastern India with helipad. Largest banquet area in the city accommodating 2000+ persons.
• Taj Business Hotel (Asansol) Upcoming 120-key premium business hotel at Shristinagar Asansol to be operated by Indian Hotels Group (Taj Hotel). First-of-its-kind in the region with multi-gym, swimming pool and multi-cuisine restaurant.
• Odyssey Club Premium family leisure destination at Shristinagar Asansol with multi-gym, yoga and dance room, modern pool room, rooftop Sky Turf for football, badminton, cricket and basketball, multi-sport court, banquet hall, multi-cuisine restaurant and residential facilities. Located at multiple locations including Durgapur, Krishnagar, Guwahati and Shantiniketan.
• Srihari Global School CBSE-affiliated co-educational English medium school at Shristinagar Asansol offering holistic education with modern facilities, large playground, multi-gym, indoor game facilities, well-stocked library and two computer laboratories. Over 1200 students with 30 students per class.

Quantifiable outcome

• 1500+ families already residing in Shristinagar Asansol alone
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core.

• Shristi Realty Holdings LimitedcoreStrategic or Co-development Partner · 30 July 2026Wholly-owned subsidiary incorporated on July 30, 2026, with parent company holding 100% equity through cash subscription at INR 10 per share. The new entity will target real estate and construction ventures.
• Sembcorp Architects, SingaporecoreStrategic or Co-development PartnerInternational architectural design firm engaged for master planning and architectural design of Shristinagar Asansol (90-acre integrated township). Sembcorp Architects designed the mega township incorporating various residential options including Lifestyle Apartments, Group Housing, Plots, Townhouse, Bungalows & Row Housing.
• Stantec (formerly Burt Hill)coreStrategic or Co-development PartnerCanadian design and consulting firm conceptualized Shristinagar Guwahati (250-acre integrated township) based on extensive macro and micro level site analysis. The project is designed along the banks of the Brahmaputra river with residential plots, apartments, villas, commercial, healthcare, educational, leisure, and hospitality facilities.
• Maruti Suzuki IndiacoreChannel Partner/ Reseller/ DistributorMajor industrial tenant operating within Kanchanjanga Integrated Park industrial zone in Siliguri. The industrial zone features state-of-the-art facilities for manufacturing, warehousing, and logistics supporting seamless operations.
• Snowman LogisticscoreChannel Partner/ Reseller/ DistributorLogistics company operational in Kanchanjanga Integrated Park industrial zone in Siliguri, supporting the warehousing and logistics infrastructure of the industrial park.
• Taj Hotels (Indian Hotels Group)coreStrategic or Co-development PartnerUpcoming 120-key business hotel at Shristinagar Asansol to be operated by Indian Hotels Group (Taj Hotels). This will be the first-of-its-kind premium business hotel in the region with state-of-the-art amenities including multi-gym, swimming pool, and multi-cuisine restaurant.
• The Westin Hotels & ResortscoreStrategic or Co-development PartnerShristi developed The Westin Hotel in New Town, Kolkata (4 lakh sq ft, 4 acres land, 314 rooms) adjacent to their The V residential project. The 5-star hotel is the only property in Eastern India with a helipad on the 32nd floor and features the largest banquet area in the city.
• Sheela FoamcoreChannel Partner/ Reseller/ DistributorManufacturing company operational in Kanchanjanga Integrated Park industrial zone in Siliguri, part of the industrial tenant base supporting the integrated park concept.
• Intas PharmaceuticalscoreChannel Partner/ Reseller/ DistributorPharmaceutical company operational in Kanchanjanga Integrated Park industrial zone in Siliguri, utilizing the industrial zone facilities for manufacturing and logistics operations.
• Kanoria FoundationcoreOthersTrust entity founded by the Kanoria family, headquartered in Kolkata. The foundation is dedicated to society's development by creating business enterprises with long-term sustainable objectives. Kanoria family has been in business for over two centuries. Concurrent with business activities are several social and CSR activities.
• SEBI (Securities and Exchange Board of India)coreOthersRegulatory partner as the company is listed on BSE and subject to SEBI LODR regulations. Company maintains compliance with Regulation 46 & 62 disclosures, quarterly financial results, shareholding patterns, and corporate governance reporting.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• DLF Limited: India's largest listed real estate developer with diversified residential, commercial, and retail assets across the country. Most directly comparable Indian developer by business model scope, though far larger and financially healthier.
• Oberoi Realty Limited: Premium Indian real estate developer focused on luxury residential, commercial, and hospitality developments in Mumbai. Comparable to Shristi's premium residential (The V Kolkata) and hospitality (Westin) components.
• Prestige Estates Projects Limited: South India-based real estate developer with mixed-use townships, retail malls, hospitality, and commercial assets. Comparable integrated development model with diversified income streams similar to Shristi.
• Brigade Enterprises Limited: Indian real estate developer with residential, commercial, retail, and hospitality portfolio across South India. Comparable mixed-use township approach and operational similarity to Shristi's diversified model.
• Hiranandani Group: Developer of large-scale integrated townships (Powai, Thane) combining residential, commercial, retail, schools, and hospitals. Closely comparable integrated township model to Shristinagar.
• Ambuja Neotia Group: Kolkata-based real estate developer with residential townships, retail, hospitality, and healthcare assets across eastern India. Most direct geographic and product peer to Shristi in their home market.
• Ansal API (Ansal Properties & Infrastructure): Indian township developer with integrated residential, commercial, and hospitality projects, particularly in North India. Comparable township-led model and listed-entity structure.

Broad incumbents

• Tata Housing Development Company: Real estate arm of Tata Group developing residential, townships, and commercial projects across India. Larger, better-capitalized incumbent operating in the same integrated township category with stronger brand and balance sheet.
• Godrej Properties Limited: Major listed Indian residential and township developer with national presence and significantly stronger financial profile. Provides benchmark for institutional-grade township development.
• Macrotech Developers (Lodha): One of India's largest listed residential and commercial developers with mega township projects. Larger and financially stronger peer operating in the same integrated real estate development space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Shristi72358382
• YouTubeyoutube.com/@ShristiCorp
• Facebookfacebook.com/profile.php?id=61565035310255
• LinkedInlinkedin.com/company/shristi-hotels-pvt.-ltd.-
• Instagraminstagram.com/shristicorp2024

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 Shristi Infrastructure Development Corporation