Aurum PropTech Limited , a leading player in the Indian proptech ecosystem, has reported robust financial results for the first quarter and announced key appointments to strengthen its governance structure.

Q1 Financial Highlights

Aurum PropTech demonstrated strong growth in Q1, with consolidated total income reaching ₹77.00 crores, marking a 29% year-on-year increase from ₹60.00 crores in the same quarter last year. The company also showed substantial improvements in profitability metrics:

Segment Performance

The company's rental business segment grew by 31% year-on-year to ₹48.00 crores, while the distribution business increased by 36%.

HelloWorld

• Operated 17,900+ beds across 230+ properties with 77% average occupancy
• Achieved a 50% surge in short-stay revenue

NestAway

• NestAway Lite recorded 1,053 bookings during the quarter
• EBITDA losses narrowed from -35% to -15%

Aurum Analytica

• Generated ₹13.00 crores in revenue, marking 64% year-on-year growth

Key Developments

• Received SEBI approval to launch AMSA SM REIT in the capital business segment
• The Board approved the appointment of M/s. Kirtane and Pandit as statutory auditors for five years
• M/s. Ainesh Jethwa & Associates appointed as secretarial auditors for the same period
• Shrikant Jagtap elevated from General Manager-Finance to Deputy Chief Financial Officer

Aurum PropTech's strong Q1 performance and strategic appointments position the company for continued growth in India's evolving proptech landscape. The new auditors and the elevation of key personnel are expected to enhance the company's governance structure and financial management capabilities.

Aurum PropTech Limited , a leading player in the Indian real estate technology sector, has made significant strides in expanding its proptech ecosystem and strengthening its leadership team. The company's board has approved several key decisions that are set to reshape its market position and operational capabilities.

Acquisition of PropTiger

In a major move to deepen its proptech ecosystem, Aurum PropTech has approved the acquisition of 100% equity shares of PropTiger Marketing Services India Private Limited (PropTiger) from REA India Pte Limited, Singapore (REA). This strategic acquisition, valued at ₹86.45 crore, will be executed through an all-stock equity swap.

PropTiger, incorporated in 2014, specializes in providing consultancy, counselling, advisory, and marketing services for various types of properties. The company has shown strong growth, with its turnover increasing from ₹64.27 crore in FY 2021-22 to ₹100.93 crore in FY 2023-24.

As part of this deal, Aurum PropTech will issue 42,42,537 fully paid-up equity shares (face value ₹5 each) to REA on a preferential basis. Post-acquisition, REA India Pte Limited will hold a 5.54% stake in Aurum PropTech.

Key Appointments and Reappointments

The board has also approved several important appointments:

1. Statutory Auditors: M/s. Kirtane and Pandit LLP, Chartered Accountants, have been reappointed as the statutory auditors for a period of five years, from FY 2025-26 to FY 2029-30, subject to shareholder approval.

2. Secretarial Auditor: M/s. Ainesh Jethwa & Associates, Practicing Company Secretary, has been appointed as the secretarial auditor for the same five-year period, also subject to shareholder approval.

3. Deputy Chief Financial Officer: Mr. Shrikant Jagtap, previously serving as General Manager – Finance, has been elevated to the position of Deputy Chief Financial Officer. Jagtap, a Chartered Accountant with over 16 years of experience, brings expertise from his previous roles at companies like Mastek Ltd, Mumbai International Airport, and organizations within the PCCW Group and Mahindra & Mahindra Group.

Financial Performance

Aurum PropTech also released its unaudited financial results for the quarter ended June 30, 2025. While specific figures were not disclosed, the results were reviewed by the Audit Committee and approved by the Board of Directors.

Upcoming Extraordinary General Meeting

The company has scheduled an Extraordinary General Meeting (EGM) for August 21, 2025, to be held virtually. Shareholders will be asked to approve the preferential issue of shares related to the PropTiger acquisition, among other matters.

These strategic moves by Aurum PropTech underscore the company's commitment to expanding its technological capabilities and strengthening its position in the rapidly evolving proptech market. The acquisition of PropTiger, in particular, is expected to significantly enhance Aurum's service offerings and market reach in the real estate technology sector.