### **Overview** Shashijit Infraprojects Limited is a professionally managed, diversified construction and engineering company headquartered in **Vapi, Gujarat**. With over **37 years of promoter experience** in the construction industry, the company operates as an **end-to-end contractor**, offering services across project planning, design, engineering, procurement, and construction (EPC), as well as project management consultancy (PMC). The company primarily serves clients in the **industrial, commercial, residential, institutional, and public infrastructure** sectors, with a strong domain expertise in **industrial and civil construction**. It has successfully executed over **100 industrial buildings** and maintains long-standing relationships with clients across industries such as engineering, textiles, chemicals, healthcare, pharmaceuticals, paper & packaging, hospitality, and education. --- ### **Business Segments** Shashijit Infraprojects operates in two primary reportable segments: 1. **Construction and Development of Immovable Properties**: - Core revenue driver, contributing 100% of revenue in FY2024–25. - Includes industrial factories, commercial buildings, residential complexes, powerhouses, and infrastructure facilities. - Revenue for FY2023–24: ₹27.35 billion (down from ₹35.34 billion in FY2022–23). 2. **Government Infrastructure (Lake Operations & Recreational Services)**: - Focuses on the operation and maintenance of **Dungra, Chala, and Lakhamdev Lakes** in Vapi under a 9-year lease from Vapi Nagar Palika. - Offers recreational facilities such as amusement parks, restaurants, food courts, boating, cycling tracks, and game zones. - Affected by pandemic-era restrictions; operations resumed in FY2021–22 with gradual recovery. --- ### **Geographic Presence** The company operates primarily in: - **Gujarat** (especially South Gujarat) - **Dadra & Nagar Haveli** - **Daman & Diu** It is strategically expanding into **Maharashtra** and other high-growth Tier II and III cities to diversify its geographic footprint. --- ### **Key Clients & Projects** - **Industrial Clients**: Apar Industries, Waaree Energies, Pramukh Paper Products, Shree Hari Developers. - **Notable Recent LOIs**: - **₹29 million** Store Area Land Development Project for Apar Industries (Feb 2024). - **₹120 million (₹12 crore)** Commercial Building for Shree Hari Developers, Daman (Sep 2023). - **₹70–90 crore** ETP and Building Extension for Pramukh Paper Products, Sarigam (Aug 2021). - **Effluent Treatment Plant (ETP)** and Utility Building for Waaree Energies (Oct 2023). - All recent projects are **independent of promoter interests** and **not related-party transactions**. Order Book (as of Nov 2024): **₹30–31 crore**, expected to be executed within 12 months. --- ### **Growth Strategy** Shashijit Infraprojects is pursuing a **multi-pronged strategy** for sustainable growth: - **Sectoral Diversification**: Expanding into **urban mobility, digital infrastructure, water & sanitation**, and **renewable energy** infrastructure. - **Geographic Expansion**: Targeting new markets in **Gujarat and Maharashtra**, particularly in Tier II/III cities with rising urbanization and housing demand. - **High-Value EPC Projects**: Focusing on **selective, high-margin EPC contracts** to enhance profitability. - **Partnerships & JVs**: Leveraging collaborations to access large-scale government and private infrastructure projects. - **Hospitality & Recreation**: Actively evaluating opportunities in **amusement parks, adventure sports, and tourism-related infrastructure**, capitalizing on post-pandemic revival. --- ### **Strategic Focus Areas** - **Sustainable Infrastructure**: Exploring green building practices and renewable energy projects to align with environmental goals. - **Digital Integration & Process Efficiency**: Investing in **advanced construction technologies** to improve project timelines, reduce costs, and enhance execution quality. - **Operational Agility**: Adapting swiftly to regulatory changes, market demands, and technological advancements. - **Client-Centric Execution**: Strengthening client relationships to drive **repeat business** and secure long-term contracts. --- ### **Management & Leadership** - **Mr. Ajit Jain**, Chairman & Managing Director: - B.E. in Civil Engineering with **over 30 years of industry experience**. - Instrumental in securing key projects and steering business development. - Focused on strategic growth, competitiveness, and resilience, especially during economic downturns and the pandemic. The company is backed by an experienced team of engineers, project managers, and technical professionals with deep regional expertise. --- ### **Recent Challenges** - **Revenue Decline**: FY2024–25 revenue declined by **16.36% YoY**, attributed to market conditions and project cycles. - **Operational Halt at Lake Facility**: - In **February 2024**, Vapi Nagar Palika issued a **verbal stoppage notice** for operations at the Nagarpalika Lake property. - No formal written communication received despite follow-ups, creating **legal uncertainty**. - The impact on the Government Infrastructure segment is under review.