### **Overview** Anant Raj Limited (ARL), established in 1969, is a diversified real estate and infrastructure developer with a five-decade legacy in the National Capital Region (NCR). Originally a government construction contractor (notably developing the ASIAD Village for the 1982 Asian Games), the company has evolved into a leading integrated township developer with strategic expansion into high-growth digital infrastructure—particularly **data centers and cloud services**. With over **320 acres of premium, debt-free land** across Delhi-NCR, the company has a robust development pipeline spanning residential, commercial, hospitality, warehousing, and technology infrastructure. Its strategic diversification into digital real estate, through its wholly-owned subsidiary **Anant Raj Cloud Private Limited**, positions it at the forefront of India’s digital transformation. --- ### **Core Business Segments** #### **1. Residential & Township Development** - **Flagship Project**: **Anant Raj Estate**, a 220-acre integrated township in Sector 63A, Gurugram. - Includes luxury villas, plots, floors, apartments, and commercial spaces. - Estimated real estate development potential: **10.87 million sq. ft.** - Projected total revenue: **₹22,000 crores**. - **Key Recent Projects**: - *Ashok Estate* (20.14 acres): Fully sold, targeted mid-segment buyers with small plots. Possession delivered ahead of schedule. - *The Estate Apartments* (0.4 million sq. ft.): Launched Q1 FY26 with strong market response, projected revenue of **₹750 crores**. - *Birla Navya* (JV with Aditya Birla Group): 764 luxury independent floors across 191 plots. Phases I–III sold out; Phase IV launched March 2025. - *Anant Raj Aashray II* (Tirupati, AP): 1,848 affordable units; construction underway, completion by June 2027. #### **2. Annuity Business (Recurring Income Streams)** Generates stable revenue through: - **Data Centers & Cloud Services** - **Commercial Properties** - **Hotels & Hospitality** - **IT Parks & Office Leasing** --- ### **Digital Infrastructure: Strategic Growth Engine** Anant Raj has transitioned from a traditional real estate developer to a **sovereign digital infrastructure provider**, capitalizing on India’s digital boom, cloud adoption, and data localization policies. #### **Data Center & Cloud Strategy** - **Subsidiary**: **Anant Raj Cloud Pvt. Ltd.** (100% owned) - **Focus**: Colocation, Infrastructure-as-a-Service (IaaS), with plans to expand into Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). - **Brand**: **Ashok Cloud** – India’s first sovereign public cloud platform, co-developed with **Orange Business Services (France)**. - **Certifications**: TIA-942 Tier III compliant, IGBC-certified facilities. - **Revenue Model**: Leasing infrastructure with 10–15-year contracts; 82% operating margin in colocation. - **Key Partnerships**: - **Orange Business**: Full lifecycle cloud platform design, build, operation, and marketing. - **RailTel, TCIL, CSC Data Services**: Government-aligned alliances to expand reach in public and private sector clients. #### **Data Center Capacity & Expansion Plan** Anant Raj is developing **307 MW of IT load capacity** across **three key campuses** in Haryana by **FY32**, with initial scaling to **63 MW by FY27**. | **Location** | **Current Capacity** | **Future Plans** | |---------------------|------------------------------------------|----------------------------------------------------------------------------------| | **Manesar** | 6 MW operational; 28 MW under development| 50 MW total capacity; ARL Tech Park is TIA-942 Tier III certified. | | **Panchkula** | 7 MW operational (second DC) | 57 MW total capacity; greenfield expansion underway. | | **Rai (Sonepat)** | Built 100 MW-ready shell | 100 MW Tier III, 100 MW Tier IV greenfield; **200 MW total planned capacity**. | - **Operational Capacity (Jul 2025)**: **28 MW** - **Ready for Deployment**: **22 MW incremental capacity** in Panchkula & Manesar. - **Target**: **307 MW** by FY32 (2031–32). --- ### **Strategic Advantages** #### **1. Integrated Development Model** - Full in-house control from **land acquisition** to **project execution**. - Owns land at low historical costs, enabling low capital intensity. - Debt-free land bank of **320 acres** (primarily Delhi-NCR, including 83.43 acres fully paid freehold in prime areas). - Strong execution team: engineers, architects, and IT systems enable speed and quality. #### **2. Prime Location & Government Support** - Haryana supports data centers through: - Subsidized power - Single-window clearances - Green infrastructure incentives - Proximity to key urban and enterprise hubs (Gurugram, IMT Manesar, Panchkula). - **200 MW campus in Rai** is 5 km from Delhi, connected via KMP Expressway. #### **3. Asset-Light Growth** - Pursuing **Joint Development Agreements (JDAs)** with developers like Birla and Adani. - Focus on **high-margin cloud and co-location** over traditional leasing. - Monetizing **underutilized commercial spaces** by converting to data centers (e.g., 4 million sq. ft. into 157 MW). --- ### **Financial & Operational Highlights (as of Jul 2025)** - **Revenue from Operations (Q3 FY25)**: **₹544 crores** (+36% YoY) - **EBITDA (Q3 FY25)**: **₹143 crores** (+45% YoY) - **PAT (Q3 FY25)**: **₹110 crores** (+55% YoY) - **Net Debt**: Reduced to **₹54 crores** (from ₹96 crores in Q2 FY25) - **Cumulative Revenue Delivery**: **21 million sq. ft.** of real estate; **2,663 affordable housing units** delivered. - **Commercial Leasing**: Operates **~5 million sq. ft.** of leasable space; nearly **fully occupied**. - **Data Center Revenue**: - Full utilization of 0.5 MW cloud infrastructure → ~**₹75 crores/year** - Projected rental income from full 307 MW capacity: **₹3,300 crores/year**