Thiruvananthapuram (Kerala) [India], July 22: Beta Group, a $4 billion global company with business interests in trading, food, and growing sectors, has announced its entry into India’s real estate and infrastructure markets. The company plans to do this through a strategic investment in Anta Builders, a major construction and property development firm based in Kerala.
Under this deal, Beta Group will buy a 10% stake in Anta Builders. The valuation for the firm is set at ₹550 crore. This move is an important step for both companies and sets the stage for wider cooperation. They aim to grow operations and bring new ideas to India’s city development projects.
The agreement—signed in Thiruvananthapuram—was between Rajnarayan Pillai, Director of Beta Group, and Midhun Kuruvila Kurien, Managing Director of Anta Builders. At the signing, George Varghese, Managing Director of Kirloskar Industries Ltd, and Beta Group Chairman Rajmohan Pillai also attended.
Beta Group will join Anta Builders’ Board of Directors, showing a long-term commitment and deeper involvement in the company’s future plans.
A Beta Group spokesperson said, “This partnership shows our goal to take an active role in India’s city growth plans.”
The partnership aims to gather up to ₹500 crore for real estate and infrastructure projects all over India. The focus will be on expanding into rapidly growing cities like Bengaluru, Hyderabad, Pune, Mumbai, and Gurugram.
Main areas of work include: • Using new construction tools and eco-friendly building methods • Entering smart city and green infrastructure projects • Increasing capacity for large infrastructure work • Making strategic investments in housing and office spaces in big cities.
Anta Builders is already working on several projects in Kerala. This new partnership will help the company grow into a major player across India’s real estate and infrastructure sectors.