Shristi Infrastructure Development Corporation Ltd
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About Shristi Infrastructure Development Corporation Ltd
Shristi Infrastructure Development Corporation Ltd, originally incorporated as Peerless Abasan Finance Limited in 1990, operates in infrastructure development, construction, real estate, and hospitality. The company has expanded its presence with branch offices in major Indian cities, including Calcutta, Bombay, Delhi, Madras, Guwahati, and Jallandhar. A major corporate restructuring occurred in 2007 when Shristi amalgamated with the company, leading to a name change and acquisition of subsidiaries like Shristi Urban Infrastructure Development Limited and Shristi Udaipur Hotels & Resorts Pvt. Ltd.
In 2010, Shristi demerged its infrastructure business into Shristi Housing Development Pvt. Ltd., while expanding its hospitality division with The Westin Hotel in Kolkata, operational since 2017. The company has also engaged in strategic partnerships, establishing joint ventures such as Shristi-Sam Lain-Yogi JV. Shristi's business strategy includes aggressive marketing of housing loans and focusing on city-based real estate projects.
