Latest news with #SanjeevKumarJain
Time Business News
3 days ago
- Business
- Time Business News
Parsvnath Directors: Leading India's Top Real Estate Company
Are you aware? Among the top real estate firms in India is Parsvanth Ltd. They have constructed numerous stunning, contemporary structures in numerous nations. The Parsvanth developers' sole objective is to build long-lasting, eco-friendly, and cozy projects for families. Leading the Vision of One of India's Top Real Estate Companies: Parsvnath Directors. Therefore, you don't need to worry about your buildings because Parsvanth Developers has listed their business and is a reliable source for both private and public organizations. Parsvanth developers also strive to improve the cities through the use of intelligent technologies. Their projects include eco-friendly and cozy living spaces in addition to simple stone structures. They also provide a modern lifestyle and teamwork. Because Parsvanth Developers offers a reliable and high-quality project for your improved living, you don't need to be an expert in real estate. To assist Parsvnath in succeeding, each member of the team contributes their own creative concepts and special tactics. While some of the individuals work on the projects full-time, others merely offer advice. Many people came up with the notion to make this sustainable, honest, and customer-satisfying. Let's get to know the leaders of the Parsvnath business. The founder and executive chairman of Parsvnath Developers Ltd. is Mr. Pradeep Kumar Jain. He is regarded as the one who is influencing Indian real estate since he has been in the industry for more than 40 years. He is the reason Parsvanth has grown to be one of the most prosperous real estate firms. He has received honors such as the 'Udyog Ratan Award' and the 'Jawaharlal Nehru Award.' His goal was to construct structures without harming the environment. His projects included sustainable, eco-friendly, and intelligent buildings. The managing director and CEO of Parsvnath Developers, Mr. Sanjeev Kumar Jain, is on the job every day. He is an engineering student with a focus on construction technology who has practical experience managing projects and working in real time. He finished the challenging tasks assigned by the Parsvanth developers and possesses extensive expertise on how to deliver costly projects. He consistently produces the best and safest projects. Having a unique experience in medicine, Dr. Rajeev Jain has transitioned to the real estate sector because he believes it will have a significant impact on him. The primary goal of my work as a full-time director at Parsvnath Developers was to prioritize client needs in marketing. He has a thorough understanding of brand satisfaction and customer expectations. His efforts are now fruitful. This action brought him closer to his clients and established Parsvanth Developers as a powerful and well-known company. As a recent law graduate and qualified accountant, Mr. Ramesh Chand Gupta has extensive expertise. He worked for 35 years in the infrastructure and financial industries as a non-executive independent director. Mr. Subhash Chander Setia has worked in the legal, tax, and business affairs domains for forty years. In board meetings, he also shares his creative ideas. He gained expertise working on large projects and in the public sector by working for businesses like DLF Limited and ONGC Limited. He also understands how to follow the correct procedures when working. Dr. Rakshita Sharma is an expert in leadership development and human resource management. She holds a doctorate in organizational behavior philosophy. She mostly concentrates on particular topics, such as selecting and employing the best workers. Her abilities aid in the expansion of the business. Just by doing their work flawlessly and correctly, Parsvanth developers stand out from the crowd. Ideas from the board of direction were consistently explicit and intended for long-term stakeholders. They regularly assess the company's performance. The leaders of Parsvnath are concerned about the environment and the development of a better community in addition to their company. The best thing about Parsvanth developers is that they provide affordable homes while also taking into account the opinions of the community and employing environmentally friendly building techniques. Sustainable and environmentally friendly homes are being built by Parsvanth developers in modern fast-paced India. Parsvanth Developers' primary objective is to mold contemporary India, and they do more than just build structures. Every successful business has a strong team with outstanding board members at its core. These experts have years of experience in a variety of industries, including marketing, banking, and real estate, in addition to their creative ideas and skills. Additionally, they are influencing the future and fostering the expansion of the business. Therefore, Parsavanth is well known as one of the most reliable businesses in the estate because they don't simply construct buildings by maintain the ecology and provide them with specialized designs that optimize their capacity to remain distinctive and different inside the estate. Together, they help the business develop and maintain its position as one of the most reputable brands in Indian real estate. Their concepts, preparation, and attention to detail ensure that each project embodies excellence and creativity. TIME BUSINESS NEWS
Mint
27-05-2025
- Automotive
- Mint
Prorata launches fractional ownership of Land Rover Defender in Delhi-NCR at ₹12 lakh per ticket
The most recent data on car ownership from NFHS-5 (2019–2021) reported that approximately 7.5% of Indian households owned a car. This equates to about 1 in every 12 households. The state with the highest car ownership was Goa, where 45.2% of households owned a car. Other states with notable car ownership percentages included Kerala (24.2%), Jammu & Kashmir (23.7%), Himachal Pradesh (22.1%), and Punjab (21.9%). These figures highlight that around 2 crore households in India already own a basic car andaspire to upgrade their lifestyle with a bigger and better car for leisure and lifestyle purposes. Today, affordability in terms of both money and time is a major barrier to owning premium high cost of purchase, combined with maintenance hassles and poor-quality rentalexperiences, makes access difficult for many. At the same time, people have growingaspirations and seek variety, comfort, and lifestyle-driven choices in their car experienceswithout being tied down by long-term financial commitments. Fractional ownership of luxury and premium cars In response to these problems, new models of ownership are emerging. A recent example is the acquisition of a ₹ 1.4 crore Land Rover Defender through a shared ownership model facilitated by Prorata, a Bengaluru-based fractional car ownership start-up. In this instance, the luxury SUV was co-owned by nine individuals at INR 12 lakhs per ticket, including stock brokers, chartered accountants, doctors, lawyers, entrepreneurs, working professionals and car enthusiasts. Founded by Sanjeev Kumar Jain, Prorata enables groups of individuals to co-own premium vehicles through a Special Purpose Vehicle (SPV) structure. Each car is divided into 12 equal shares, or 'tickets,' with each ticket representing an 8.33% share. Co-owners get 30 days of ownership per year for five years, with access and scheduling managed through the Prorata mobile app. After the five-year tenure, the vehicle is resold via an in-app bidding process, and resale proceeds are distributed among the co-owners on Prorata basis. According to Jain, the platform caters to several user segments: professionals who travel to their hometowns occasionally, NRIs visiting India seasonally, and car enthusiasts who wants to experience a variety ofvehicles. The Prorata app uses a smart matchmaking system that groups co-owners based on their preferred car variant and color within a 20 km radius. Interested users can reserve a ticket by paying a booking amount of just ₹ 2,500, selecting their city and car within the app. The app—which took two years to build—features a well-designed reservation system: each co-owner gets two active reservations at a time, including 10 weekends and holidays, 20 weekdays, and five cancellations per year. This system prevents booking conflicts and encourages mindful usage. Co-owners do not need to coordinate directly with each other, thanks to the seamless app experience. Asset-light model and maintenance Prorata operates on an asset-light model. The cars are owned by the co-owners, not the company. Instead, Prorata functions as an asset management service, charging an annual maintenance fee that covers: ● Periodic service and maintenance ● Doorstep pick-up and drop-off Cars available for fractional ownership Prorata app offers a wide variety of cars to suit every lifestyle and passion. In the off-roading segment, they feature powerful options like the Mahindra Thar Roxx, Jeep Wrangler, and Landrover Defender. For family and capacity-focused needs, they offer the Mahindra XUV700 and Toyota Innova Hycross, along with the iconic Toyota Fortuner. If you're into sporty drives, they have high-performance models like the Porsche, Range Rover, and Mini Cooper. And for those who love the thrill of convertibles, they provide stunning options like the Mercedes Cabriolet and MG Cyberster.
Mint
27-05-2025
- Automotive
- Mint
Prorata launches fractional ownership of Land Rover Defender in Delhi-NCR at ₹12 lakh per ticket
The most recent data on car ownership from NFHS-5 (2019–2021) reported that approximately 7.5% of Indian households owned a car. This equates to about 1 in every 12 households. The state with the highest car ownership was Goa, where 45.2% of households owned a car. Other states with notable car ownership percentages included Kerala (24.2%), Jammu & Kashmir (23.7%), Himachal Pradesh (22.1%), and Punjab (21.9%). These figures highlight that around 2 crore households in India already own a basic car andaspire to upgrade their lifestyle with a bigger and better car for leisure and lifestyle purposes. Today, affordability in terms of both money and time is a major barrier to owning premium high cost of purchase, combined with maintenance hassles and poor-quality rentalexperiences, makes access difficult for many. At the same time, people have growingaspirations and seek variety, comfort, and lifestyle-driven choices in their car experienceswithout being tied down by long-term financial commitments. Fractional ownership of luxury and premium cars In response to these problems, new models of ownership are emerging. A recent example is the acquisition of a ₹ 1.4 crore Land Rover Defender through a shared ownership model facilitated by Prorata, a Bengaluru-based fractional car ownership start-up. In this instance, the luxury SUV was co-owned by nine individuals at INR 12 lakhs per ticket, including stock brokers, chartered accountants, doctors, lawyers, entrepreneurs, working professionals and car enthusiasts. Founded by Sanjeev Kumar Jain, Prorata enables groups of individuals to co-own premium vehicles through a Special Purpose Vehicle (SPV) structure. Each car is divided into 12 equal shares, or 'tickets,' with each ticket representing an 8.33% share. Co-owners get 30 days of ownership per year for five years, with access and scheduling managed through the Prorata mobile app. After the five-year tenure, the vehicle is resold via an in-app bidding process, and resale proceeds are distributed among the co-owners on Prorata basis. According to Jain, the platform caters to several user segments: professionals who travel to their hometowns occasionally, NRIs visiting India seasonally, and car enthusiasts who wants to experience a variety ofvehicles. The Prorata app uses a smart matchmaking system that groups co-owners based on their preferred car variant and color within a 20 km radius. Interested users can reserve a ticket by paying a booking amount of just ₹ 2,500, selecting their city and car within the app. The app—which took two years to build—features a well-designed reservation system: each co-owner gets two active reservations at a time, including 10 weekends and holidays, 20 weekdays, and five cancellations per year. This system prevents booking conflicts and encourages mindful usage. Co-owners do not need to coordinate directly with each other, thanks to the seamless app experience. Asset-light model and maintenance Prorata operates on an asset-light model. The cars are owned by the co-owners, not the company. Instead, Prorata functions as an asset management service, charging an annual maintenance fee that covers: ● Periodic service and maintenance ● Doorstep pick-up and drop-off Cars available for fractional ownership Prorata app offers a wide variety of cars to suit every lifestyle and passion. In the off-roading segment, they feature powerful options like the Mahindra Thar Roxx, Jeep Wrangler, and Landrover Defender. For family and capacity-focused needs, they offer the Mahindra XUV700 and Toyota Innova Hycross, along with the iconic Toyota Fortuner. If you're into sporty drives, they have high-performance models like the Porsche, Range Rover, and Mini Cooper. And for those who love the thrill of convertibles, they provide stunning options like the Mercedes Cabriolet and MG Cyberster. Prorata services are available in Bangalore, Mumbai, Delhi NCR, Hyderabad, Pune, Chandigarh, Chennai, Indore, Kolkata, Surat and Ahmedabad. Note to the Reader: This article is part of Mint's promotional consumer connect initiative and is independently created by the brand. Mint assumes no editorial responsibility for the content.
