I came across this entity while looking at recent investments made by Porinju Veliyath who has been consistently increasing stake here for the last 3 years atleast. As per Dec 23’ data he holds 4.5% by investing 45 Crs
Aurum Group is run by Mr. Ashish Deora. APL’s is today held by the group’s arm Aurum Realestate who in FY23 bought 14% stake in Shriram Properties also.
this spiked my interest
https://www.constructionweekonline.in/people/shriram-properties-inducts-ashish-deora-as-director
Other than he being said to be alumnus of Harvard Business School, not able to find any relevant data on him, looking forward to get some insight from the veteran investors here
Debt is very low and the group has been on an investment spree on real-estate related multiple verticals, technology, finance, marketing, etc. The business model seems to be create an entire ecosystem on real-estate as the base and create value from that.
Looks very interesting however, not able to connect dots to see value. Request learned investors here to throw some light on how to look at this model, group, promoters, etc.
Aurum Jan24 ppt.pdf (4.3 MB)
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