Akruti Nirman Ltd.Shape of Things to Come

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AgendaAgenda

Corporate Overview

Diversified Portfolio

Professional Team

National Footprint

Key Financials

Akruti Product Showcase

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� Leading Real Estate Developer— 2 decades of construction and engineering expertise

� Pioneers in several segments— Software Parks, SEZ’s, SRA, and automated carparks

� Successfully completed 5M sqft of construction in the past

� Development pipeline of 39.23M sqft

— ANL’s share: 17.54M sqft

� Experienced management team— Plus strong ecosystem of architects, suppliers, contractors and property

consultants

Corporate Overview

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Residential

Commercial

Shopping

Complex

IT Parks, SEZ,

Biotech Park

Multi-Faceted Product Expertise

Industry SegmentsIndustry Segments

� IT Parks

� SEZ’s

� Malls

� Hospitality

�Robotic Carparks

� Biotech Parks

� Residential

� Commercial

� SRA

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Landbank Acquisition

5 distinct sources of Land Procurement5 distinct sources of Land Procurement

A. Slum Rehabilitation Scheme

B. Urban Rejuvenation Scheme

C. Public Private Partnership Projects

D. Public Tenders

E. Open Land Purchase

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Established Presence across Mumbai and Adding Selected Indian Cities

� Diversified project

portfolio across

Mumbai and Thane

� IT Parks and Mega-

Residential Complexes

in Pune

� Biotech Park in Gujarat

Baroda

Mumbai Pune

MAP OFMUMBAI

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Diverse Product Portfolio – Ongoing & Future Projects

9,678

45,090

Residential Commercial RetailMalls

IT Parks, SEZ Hotels

Projects under Development / PlannedProjects under Development / Planned�Development pipeline

of 38 projects

admeasuring 39.23M

sqft of developable

area over 3-5 years:

� 16 Residential

� 13 Commercial

� 2 Retail Malls

� 6 SEZ’s and IT Parks

� 1 Hotels

16,60

SRA ProjectsBio-technology

Park

24.70%

15.80%

1.90%14.50%1.00%

42.10%

Residential Commercial HotelIT Retail SEZ

(Details exclusive of Biotech Park)

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SRA vs. Non-SRA

18%

82%

SRA Non-SRA

(Not inclusive of Biotech Park)

By Area By ValueBy Area By Value

47%

53%

SRA Non-SRA

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Akruti’s Footprint in Maharashtra

83%

8%9%

Mumbai Pune Thane

By Area By ValueBy Area By Value

14%

55%31%

Mumbai Pune Thane

(Not inclusive of Biotech Park)

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39.23

12.09

5.64

21.50

Developable Area (Mn sq ft)

17.5438Total

4.954Pune

2.514Thane

10.0830Mumbai

ANL’s Share of Developable Area

(Mn sq ft)

No of ProjectsArea

(Details exclusive of Biotech Park)

Akruti’s Presence in Key Cities and Business Districts

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SRA Project (In ‘000 sq ft)SRA Project (In ‘000 sq ft) Non - SRA Project (In ‘000 sq ft)Non - SRA Project (In ‘000 sq ft)

Year-on-Year Construction of Developable AreaSplit by SRA vs. Non-SRA (Based on Existing Land Bank)

0

500

1000

1500

2000

2500

2008 2009 2010 2011

Year

Con

stru

ctio

n in

'000

sq.

ft.

Residential Commercial Retail IT

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

2008 2009 2010 2011Year

Con

stru

ctio

n in

'000

sq.

ft.

Residential Commercial Retail IT Parks / SEZ Hotel

(Details exclusive of Biotech Park)

(This includes development of Present Land Bank only and excludes future procurement)

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Expansion in Scope is Being Led by Expansion in Scale

Akruti’s successful growth in scope is being powere d by a corroborate expansion in scale as well

• Steadily increased the capability and capacity to handle larger projects

• Building core competencies through external partnerships and agencies

• Continuing to grow larger internal team by adding top notch professionals

• Brought in E&Y to strengthen internal systems

• ERP upgradation in progress to make Akruti a digital company

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Total Developable Area

At IPO As of today

20Msqft

(This excludes Biotech Park)

39.23Msqft

Ongoing and Future Acquisions

Continuingto grow!

Grownin value

Grownin land

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Diversification into Biotech Parks

Area to be constructed (Year on Year basis)Area to be constructed (Year on Year basis)

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

2008 2009 2010 2011

Year

Con

stru

ctio

n in

'00

0 sq

.ft.

Baroda Biotech Park

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Key Financials

716

19862053

687

2005 2006 2007 Jun-07

Total Income (Rs. mill)Total Income (Rs. mill)

Note: Based on Indian GAAP, Fiscal year ending March 31 Latest financials for Quarter ending June, 2007 are of ANL Stand Alone and Unaudited. Financials prior to April 1, 2006 are based on thecompleted project building method. From April 1, 2006, in response to a guidance note on revenue recognition issued by the ICAI, we have adopted the percentage of completion method of revenue recognition 1 EBITDA : Total Income less Cost of construction less Employment costs less Administrative, Selling and General Expenses

Qtr ended Jun ‘07

Net Profit after Tax (Rs. mill)Net Profit after Tax (Rs. mill)

Qtr ended Jun ‘07

132

639

776

464

2005 2006 2007 Jun-073-

yr C

AGR = 14

2.46%

Qtr ended Jun ‘07

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512 1073

5046 5481

2005 2006 2007 Jun-07

Key Financials (cont’d)

323785

1145

616

2005 2006 2007 Jun-07

EBITDA (Rs. mill)EBITDA (Rs. mill)

Note: Based on Indian GAAP, Fiscal year ending March 31 Latest financials for Quarter ending June, 2007 are of ANL Stand Alone and Unaudited. Financials prior to April 1, 2006 are based on thecompleted project building method. From April 1, 2006, in response to a guidance note on revenue recognition issued by the ICAI, we have adopted the percentage of completion method of revenue recognition 1 EBITDA : Total Income less Cost of construction less Employment costs less Administrative, Selling and General Expenses

Net Worth (Rs. mill)Net Worth (Rs. mill)

3-yr CAGR = 213.93%

3-yr C

AGR = 88.28

%

Qtr ended Jun ‘07

Qtr ended Jun ‘07

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Financial HighlightsFinancial Highlights

0.46

86.03

4,241

5,481

464

65

529

616

716

Qtr. Ending

June, 07

0.97

57.65

4,878

5,046

776

107

883

1,145

1,986

2007

0.89

38.2

959

1073

639

31

670

785

2,053

2006

2.96

47.0

1,514

512

132

21

153

323

687

2005

Tax

PBIT

LT debt/equity

EBITDA margin (%)

Key Ratios(%)

Borrowings

Net Worth

PAT

PBT

Sales

Select Financials (Rs. Million)

Note: Based on Indian GAAP, Fiscal year ending March 31Latest financials for Quarter ending June, 2007 are of ANL standalone and Unaudited.

Key Financials (cont’d)

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Akruti First Quarter 2007 Results

RevenueRs.71.56 Cr(first qtr)

PATRs.46.42 Cr (first qtr)

EPSRs. 6.93(first qtr)

35% of last year’s turnover

ACHIEVED DURING THE FIRST QUARTER ITSELF!

62% of last year’s net profit

56% of last year’s EPS

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Repeat sales demonstrate trust and quality satisfaction of our clients

Roster of Reputed Clientele

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Strong Corporate Governance

Mr. Hemant Shah

Chairman

Mr. Vyomesh Shah

Managing Director

Mr. Madhukar Chobe

Whole-time Director

Mr. P. H. Ravikumar

Mr. Shailesh Haribhakti

Mr. D.R. Kaarthikeyan

Mr. Shailesh Bathiya

� Civil Engineer from Mumbai University with 30 years of experience in executing various large

projects (involving military contracts, government projects, private contracts and real estate

developments)

� Bachelor of Commerce degree and Chartered Accountant with over 21 years of industry experience

� Serving as the President of the SRA, the Vice President of the MCHI and Secretary of CREDAI

� Bachelor of Arts degree

� Has served 7 years in the Indian Army with the Regiment of Artillery, and 23 years in the Indian

Administrative Service

� A University rank holder in his Bachelor of Commerce degree exam from Osmania University,

Hyderabad

� Presently serves as the Managing Director and CEO of National Commodity and Derivatives Exchange

Ltd.

� Qualified Chartered Accountant

� Practicing Chartered Accountant and is the Chairman of the FPSB1 and the only Indian member of

the reconstituted Standards Advisory Council of the International Accounting Standards Board

� Bachelor of Science in Chemistry and Agriculture and Bachelor of Law

� Holds positions as Chairperson/Patron/President/Deputy Chairman/Adviser/Member in several

voluntary organizations and has served the Indian Police Service

� Graduate from Mumbai University and Qualified Chartered Accounted

� Serves as a senior partner in S. H. Bathiya & Associates and has over 26 years experience in the

fields of Finance, Auditing & Accounting, Mergers & Acquisitions, Corporate Law matters, Project

Finance, Taxation and Management Consultancy

Non-executive directors

Executive directors

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Over 21 years of exp

at Citygold B.Com

Strong Management Team

Mr. Hemant Shah

Chairman

Over 30 years of exp.

B.E in Civil Engineer

Participant in Executive MBA program at Harvard University

� Ms. Charuta MalsheChief Administrative Officer

Over 33 years of exp in ICICI Bank,

1 year teaching in SNDT & Somiya

MA, Diploma in Computer Mgmt

Over 21 years of exp. CA.

Exp in Accounts, corporate finance &

Corporate law

Mr. Madhukar Chobe

Whole-time

Director

30 years of exp in IAS, Secretary to

GoM, Public Health Dept.

BA`

Over 31 years of exp at MHADA,

MIDC.Dept of Tourism, IAS, MBA – IIM

(A), M.Sc (Phy – IIT), LLB

Over 16 years of exp at Google, Apple,

NetApp. MBA from Berkeley; MS & BS

from Stanford, USA

� Mr. Chetan ModyCompany Secretary

Over 31 years of exp at Raymond

Ltd, HOECL CS, LLB

� Mr. Kamal MataliaChief Audit Officer

Over 20 years of exp at

Kamal Matalia & Co. B.Com, CA

� Ms. Nancy PereiraChief Accounts Officer

� Ms. Usha MoraesChief Investment Officer

Over 27 years of exp at BOA,

Deutsche Bank, Credit Lyonnais,

MBA in Finance & Mrktg - IIM (A)

Over 41 years of exp at CPWD,

Citygold B. Sc (Engineering)

� Mr. E. C. PauloseChief Civil Engineer

Over 15 years of exp at Aarti

Organics Ltd., IPCL

MBA (Newport Uni), B.E.

� Mr. Mayur ShahChief Sales Officer

Over 17 years of exp at PAL – Peugoet.

Citygold CA, ICWAI

� Mr. Jinesh SonawalaChief Marketing Officer

Mr. Vyomesh Shah

Managing Director

� Mr. Rajendra ShahChief Finance Officer Over 22 years of exp at Citygold

Diploma in Civil Engineering

� Subhash RedekarGeneral Manager, Land Records/PR

Mr. A. Ramkrishnan

CEO

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Disclaimer

This presentation has been prepared by Akruti Nirman Limited (the “Company”) solely to provide information about the Company.

No representation or warranty, express or implied is made to, and no reliance should be placed on, the fairness, accuracy, completeness or

correctness of such information or opinions contained herein. None of the Company nor any of its subsidiaries or affiliates, shall have any

liability whatsoever (in negligence or otherwise) for any loss howsoever from any use of this presentation or its contents or otherwise

arising in connection with this presentation.

The information contained in this presentation is only current as of date. The Company may alter, modify or otherwise change in any

manner the content of this presentation, without obligation to notify any person of such revision or changes. Certain statementsmade in this

presentation may not be based on historical information or facts and may be “forward-looking statements” , including those relating to the

Company’s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry

and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to a number

of factors, including future changes or developments in the Company’s business, its competitive environment, information technology and

political, economical, legal and social conditions in India. The statements contained herein with regard to projects planned and under

development and the area and make-up of our developable land are based on management estimates, and other statistical and financial data

contained herein may be incomplete or unreliable.

The development rights in respect of certain of our projects are subject to certain conditions and in the event any of these conditions are not

satisfied, this land would not be available for development by us.

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Thank You!