What Apte Amalgamations does

Apte Amalgamations Limited is a BSE-listed public company (BOM:507265) headquartered in Chembur, Mumbai, India. Originally incorporated on March 8, 1933 as The Phaltan Sugar Works Limited, the company operated in sugar, textiles, chemicals (including Sulphamethoxazole manufacturing), and food processing across the mid-twentieth century before systematically winding down industrial operations between 1981 and 1987. Following the divestiture of its sugar factory in 1981-82, the renaming to Apte Amalgamations Ltd in 1982, and the closure of the acquired Swastik Textile Mills in 1986-87, the company ceased all operating manufacturing.

Since 1986-87, Apte Amalgamations has functioned in a non-operating capacity, generating income through two mechanisms: piecemeal sale of Swastik Mill land to individual buyers for development, and what the company itself describes as a 'small way' of trading in securities. The company is also evaluating the economic viability of undertaking a structured development activity on its remaining land holdings. The corporate website (apteindia.com) functions primarily as a SEBI LODR compliance and investor disclosure portal, and the entity operates with 11-50 employees.

The current business model has no disclosed customer base, no products or services in active production, no pricing model, and no GTM motion. Revenue is not separately disclosed in source material. The entity does business in some filings as Emerald Leisures Limited, and recently disclosed fund-raising activity (November 10, 2025) followed by withdrawal of a preferential issue (December 17, 2025), indicating ongoing capital-structure deliberation but no committed strategic transformation. Board oversight includes a CEO & Director (Nikhil Vinod Mehta), CFO & Whole-Time Director (Rajesh Motilal Loya), and three Independent Directors, with operational continuity maintained through SEBI-mandated filings, AGMs, and board meetings.

Name

Apte Amalgamations

Legal name

Apte Amalgamations Limited

Website

https://apteindia.com

Company type

Public

Founded year

1933

Operating status

Operating

Headcount range

11–50 employees

Short description

Apte Amalgamations Limited is a BSE-listed Mumbai public company that wound down all industrial operations by 1987 and now operates as a non-operating shell entity engaged in small-scale securities trading and piecemeal sale of legacy Swastik Mill land holdings, while exploring real estate development of remaining land.

Ownership category

akta.pro rank

Product category

Investment & Real Estate Holdings

akta.pro primary industry

Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

akta.pro secondary industry

Land Brokerage (Raw Land & Development Sites) (FSAEAJAD)

Keywords

• Securities trading services
• Real estate land holdings
• Asset monetization
• Investment holdings
• Legacy industrial conglomerate

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Securities Trading: The company is presently engaged in a small way in trading of securities. The company is also exploring the economic and financial viability of carrying out some development activity on the land owned by the company.

Core offering

Apte Amalgamations Limited is presently engaged in a small way in trading of securities. The company also explores the economic and financial viability of carrying out development activity on the land owned by the company. Following the closure of its historical sugar, textile, chemical, and food processing operations between 1981-82 and 1986-87, the company has been selling its Swastik Mill land piecemeal to individuals over time.

Product overview

Apte Amalgamations Limited is a legacy Indian company formerly known as The Phaltan Sugar Works Limited (incorporated 1933). The company has undergone multiple business transitions—initially operating in sugar, textiles, chemicals (Sulphamethoxazole manufacturing), and food processing. After selling off its sugar factory (1981-82) and closing textile mill operations (1986-87), the company sold off its industrial assets. Currently, the company operates in a limited capacity, primarily engaged in securities trading and exploring real estate development on its remaining land holdings. The company's investor relations website (apteindia.com) serves as a compliance and disclosure portal under SEBI regulations, listing financial results, shareholding patterns, corporate announcements, and governance documents. The company appears to be transitioning or related to Emerald Leisures Limited based on disclosed documents.

Differentiator

Problem solved

Functional benefit

Products and services

• Securities Trading
• Swastik Mill Land Sales (Piecemeal)
• Land Development Exploration

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves9 records

Expansion highlights3 records

Broad incumbents

• Ansal Properties & Infrastructure Limited: Established Indian real estate developer with a much broader portfolio of residential and commercial projects. Comparable to Apte as a listed Indian land-monetization and development entity, though materially larger and more operationally diversified.
• Omaxe Limited: Listed Indian real estate and construction company. Comparable to Apte as a publicly listed Indian entity with real estate as the core of its business, though with broader active operations and a larger land bank.
• Parsvnath Developers Limited: Listed Indian real estate developer with a national footprint. Comparable to Apte Amalgamations as a fellow publicly listed Indian entity extracting value from real estate, but at a much larger scale and active operating level.

Direct peers

• Hubtown Limited: Mumbai-based real estate developer with a portfolio model of monetizing and developing inherited land assets. Comparable structurally to Apte Amalgamations as a small listed entity dependent on real estate cycle returns.
• Jindal Leasefin Limited: Small-cap BSE-listed entity with limited active operations. Comparable to Apte Amalgamations as a small-cap listed Indian company in a similar lifecycle position of managing legacy assets.
• Brijlaxmi Leasing & Finance Limited: Small-cap BSE-listed shell-style entity with minimal active operations, similar to Apte Amalgamations in being a listed vehicle primarily managing residual assets rather than running a full operating business.
• DB Realty Limited: Mumbai-focused real estate company engaged in land acquisition, development, and sale. Comparable to Apte Amalgamations in deriving value from urban land parcels in the Mumbai metropolitan region.
• Peninsula Land Limited: India-based real estate company with a long-standing land bank background, similar to Apte Amalgamations' model of monetizing legacy land assets. Both are publicly listed entities that have historically relied on land sale and development for value realization.

Emerging players

• Lok Housing & Constructions Limited: SMEs-cap listed Indian real estate company. Comparable to Apte Amalgamations as a smaller listed Indian entity with land-asset-driven business, though slightly more active in execution.
• Eldeco Housing & Industries Limited: Real estate developer with focus on land-driven development projects. Comparable to Apte for the shared reliance on land-asset value extraction, though operating active construction.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors1 record

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 Apte Amalgamations