Latest news with #AurumPropTechLtd
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Business Standard
29-04-2025
- Business
- Business Standard
Aurum PropTech appoints Ashish Deora as non-executive director on board
Aurum PropTech Ltd has appointed Ashish Deora as a non-executive director in the company. In a regulatory filing on Tuesday, Mumbai-based Aurum PropTech informed that its board has approved appointment of Deora, who is the founder and CEO of the company's parent entity Aurum Ventures as a Non-Executive Director. Commenting on the appointment, Deora said, "India PropTech sector represents a USD 100 billion opportunity across consumer tech, enterprise tech and fintech offerings." Since its inception in April 2021, he said the company has strategically combined organic and inorganic routes to grow its business. "As Aurum PropTech continues its journey toward achieving Rs 1,000 crore in revenue, fuelled by our rental, distribution, and capital offerings, I am excited to witness the technology-driven transformation of real estate, making it truly future-ready," said Deora, an alumnus of Harvard Business School. Over the last three decades, Aurum Ventures has entered into various businesses, including telecom, aviation, renewable energy, and real estate. In the real estate sector, Deora has led in the establishment of Aurum Real Estate, a homegrown, diversified real estate platform offering an integrated suite of investment management, development expertise, operational capabilities, and technology-driven solutions. The portfolio spans premium residential projects, luxury housing, IT-SEZ developments, integrated townships, and retail properties across the Mumbai Metropolitan Region (MMR). Aurum PropTech has operations across 15 cities and a team of over 650 professionals. The company is into the rental business through NestAway brand.
Time of India
26-04-2025
- Business
- Time of India
Aurum PropTech posts net loss of Rs 33.37 crore in FY25
NEW DELHI : Realty firm Aurum PropTech Ltd has posted a consolidated net loss of Rs 33.37 crore in the last fiscal year on higher expenses. Its net loss stood at Rs 55.75 crore in the year-ago period. Total income rose to Rs 284.98 crore in 2024-25 from Rs 233.07 crore in the preceding year, according to a regulatory filing on Friday. Total expenses increased to Rs 329.45 crore from Rs 309.43 crore during the period under review. The company stated that rental segment contributed 60 per cent of the total income. Aurum PropTech owns and operates, NestAway Technologies -- a rental marketplace that enable property owners find tenants and manage properties. It also owns Aurum Analytica, a data analytics company powering real estate developers identify prospective buyers for their properties. The company also runs a sales automation and digital transformation company for real estate. Commenting on the results, Onkar Shetye , Executive Director of Aurum PropTech, said: "The company is focusing on profitable growth, delivering a consistent performance over the past four years." Since its inception in April 2021, Aurum PropTech has established itself as a leading player in the proptech space with a unique integrated suite of solutions, offering its tech products and services across 15 cities in the country, he added. Aurum PropTech has an employee strength of more than 650 persons.
