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The Journey from Kalyanpur Cements Ltd to Kampilya
Builders to Kastcrete Buildmat
About Faisal Alam (Promoter) Faisal Alam has done his schooling from St Michaels High School, Patna, B Tech in Electrical Engineering from G B Pant University, Pantnagar and MBA & CFA from ICFAI, Hyderabad. He has worked for two years each in Modi Xerox and Kuwait Oil Company (Corrosion and Engg dept - Cathodic Protection) before joining Kalyanpur Cements Ltd in June 1997 and being there till 2018 In 21 years with ever increasing roles and responsibilities in Kalyanpur, he started of as Executive Assistant to MD to finally becoming the company’s COO. He started a business of building material manufacturing in Kampilya Builders Pvt Ltd while in Kalyanpur which later became a major Real Estate company. He also managed various other businesses in the same group and worked in close association with the promoters. Mr S P Sinha’s group comprised companies like Jenson Nicholson (I) Ltd (Paints), Kalyanpur Cements Pvt Ltd, Hotel Maurya Patna, Kampilya Builders Pvt Ltd (building material and Real Estate) besides host of other smaller companies. In the building material company which pioneered in manufacture of hollow blocks, interlocking pavers and fly ash bricks the promoters ventured into two very prestigious real estate projects in Patna which was led by Mr Faisal Alam. The first was Avkash Residency, a 50,000 sft, G+4 with 8 ultra luxurious apartments in Central Patna built which was under a JV with another well known business group of Bihar namely Kochar’s of Hotel Chanakya fame. The other flagship project of the group was Arrah Garden Residences which perhaps has been one of the largest gated community projects in Patna till date. Completed in 2016, it boasts of a very distinguished clientele which includes Judges, Ministers, Bureaucrats and Doctors amongst many others of repute. The project comprised 8 buildings, G+4, over a sprawling 4 acre land with many amenities. The AGR society was awarded the best society by PMC in 2022. In 2018, with financial support from one of the promoters, Kastcrete Buildmat Pvt Ltd (KBPL) and Safebuild Constructions Pvt Ltd (SCPL) were launched under proprietorship of Faisal Alam. SCPL tied with AdEdge (USA) and took up Govt projects in “Nal Jal Yojna” which involved laying of water pipelines, installing pumping stations and then maintaining water supply for 5 years alongwith maintenance of pipelines and pumping stations. At present piped water supply, through 25 kms of pipeline layed, is being done in Ganges diara area and whole city of Barh in Patna district. Kastcrete forayed into real estate projects and as of now is doing two projects in Patna and one in Ranchi. It is on the verge of completing a 12000 sft residential complex in Arrah gardens premises which is a premium development. The other is in initial stage of construction in central Patna in Punaichak locality besides the famous Atal Path. It is a RERA approved, 50, 000 sft, G+3 with basement structure in the name of Krishna Savitri Gardens (RERA approved). Kastcrete has been offered to develop another G+12 storey, high end apartment in Ranchi on Bariatu Road with approximately 1.15 lac sft built up area over a 1 acre plot. With the development agreement signed with the owners, it is at the stage of applying for the plan approval from Ranchi Municipal Corporation. The project cost outlay of Ranchi project is slated to be about Rs. 40 cr for which the company needs suitable investors as there is a need to create a corpus of about Rs.10 cr from the time of submission of plan. The Canary Gardens, Ranchi The upcoming project on about 38,000 sft of land (slightly less than an acre) has abutting road 60ft wide which is the main Bariatu road connecting Ranchi to RMCH and further. The land belonged to Dr Muzaffar who was the first Civil Surgeon of Ranchi. He was succeeded by his son Late Dr Jamal Ashraf who was Director of XISS for many years and his sister Late Mrs Asghari Kamal. The division of land is backed by clean legal paperwork. There is no litigation or any legal hindrance of any kind. The USP of the project are as follows, The land is abutted by 60 ft main Bariatu road and since land is eligible for Group Housing Scheme, an FAR of 3 and multistoried structure is expected to be approved The land does not come in airport constraint area therefore no limitation on height of the building Since the objective is to go in for a green building, further enhancement of FAR is expected The land is flanked by Govt Girls High School on west and Marwari Arogya Bhavan on the east other and therefore no construction is expected giving the land openness with many old trees across the whole length of the land The project is very close to Ranchi Medical Hospital (RMCH) which is about 1 km from the plot. This area is medical hub of the town and has many practising doctors with large nursing homes. Also it is one of the upcoming areas like Kanke Road for residential plot development The proposed plan is of a 12 storey high building with many modern amenities with the latest features, design and concept akin to the best projects found in e metros and other developing tier 2 cities of the country The development will be premium in nature with average value of each flat being about Rs 2 cr at the rate of Rs.8000 per sft at current price levels Flat sizes are planned to be in the range of 2500 to 4000 sft including 3BHK, 4 BHK and Dupleix units Usage planned of premium brands, high quality construction including 53 grade cement and Tata Steel and state of the art amenities and landscaping Ranchi is fast developing as a tier 2 city with many public sector and private sector institutions having offices in the state capital. The area of development is a medical hub of the city with many doctors having private practices and private nursing homes. Therefore, with the USP’s highlighted above good saleability prospects at premium rates are expected during the project period till completion in couple of years from now.
Business outlook - National
Post covid, the Indian office market as well as the residential market has continued to strengthen. However, the residential segment has seen the swiftest and steepest resurgence among all real estate segments. The residential market demand reached an 11 year high in 2024. A notable shift towards premiumisation has taken root in the Indian market with higher priced homes driving market volumes. Premium housing products placed over Rs 1 cr has emerged as the largest market accounting for 41% of sales and experiencing most growth during this period. Developers have been ahead of the curve and have judged the shifting preferences of the market by launching lifestyle-oriented premium products. Kastcrete Buildmat Pvt Ltd - projections Figs in Rs lacs Projected Projected Audited Audited Financial Year 2025-26 2024-25 2023-24 2022-23
Turnover 1,781 482 21 12
Profit before tax 594 39 7 1
Figs in Rs Arrah Projects Garden Punaichak Ranchi Total
Expected Profit 0 5,93,61,250 0 0 Other key personnel profile (duration includes Kampilya & Kastcrete) Name Designation Duration/Exp Previous exp
Faisal Alam B Tech, MBA, 12 yrs/ 25 Modi Xerox,
CFA, Director yrs Kuwait Oil Company Punit Bagaria CA, Head of 10 yrs/12 yrs R K Agarwal & Finance Associates, N Delhi Bharti Sinha MBA, Head 11 yrs/ 18 Speedcraft, of Sales & yrs Airtel, S Tel Mktg Luqman B Tech 10 yrs/25 yrs SPML (Kolkata), Ansari (Civil), Jyoti Structure Project Head (Mumbai) Shweta Soni M Com 10 yrs/15 yrs Samsung (Sales)