Support and Resistance Levels
Past performance
About Satchmo Holdings Ltd Satchmo Holdings Limited, formerly known as Nitesh Estates Private Limited, is an integrated real estate development company based in Bangalore, India. The company has undergone multiple name changes and expanded its business model to include investment and holding in sectors such as facilities management, catering, and food services, along with dealing in shares. As the real estate arm of the Nitesh Group, Satchmo specializes in developing homes, hotels, office buildings, and shopping malls, often utilizing a joint-development model to minimize upfront land acquisition costs.
Satchmo has two subsidiary companies—Nitesh Indiranagar and Nitesh Housing—and a joint venture, Nitesh Estates-Whitefield, all involved in real estate development. Notable projects include the development of India's first Ritz-Carlton hotel in Bengaluru and various high-profile residential projects. The company went public in 2010 and holds a diversified portfolio in both commercial and residential sectors, with significant past investments from Citi Property Investors and other major stakeholders.