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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
CARE BB+
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 6 Jun 2023
This rating is over a year old.
View Full ReportValuation
Financials (FY2022-23)
Source: CRISILInvestment Thesis
Rajparis Civil Constructions Private Limited is a well-established, over 35-year-old real estate developer based in Chennai with a strong client reputation. While the company benefits from Chennai's growing property market, it is a private unlisted entity with no public financials, limiting investment visibility. Its track record and regional brand are its key strengths.
Pros
Cons
Business Segments
Residential Real Estate Development
Multi-storied apartments and complexes for residential and commercial purposes; 80+ residential projects over 43 years; Chennai, Tamil Nadu.
Government Construction Contracts
Construction contracts from government agencies for building complexes and infrastructure works; Tamil Nadu government projects.
Revenue Model
Revenue generated through sale of residential and commercial properties developed by the company, supplemented by civil construction contracts. Revenue recognized on project completion or percentage-of-completion basis as per applicable accounting standards.
Detailed Analysis
Growth Plans
Chennai's residential real estate market has seen sustained demand growth driven by IT sector employment and infrastructure development
Tamil Nadu government's focus on affordable housing and smart cities provides project opportunities for experienced developers
Industry Tailwinds
Chennai's residential real estate market has seen sustained demand growth driven by IT sector employment and infrastructure development
Recent Developments
Rajparis Civil Constructions maintained active construction operations in Tamil Nadu for FY2023, with operating revenue in the Rs. 1–100 crore range. The company continues to serve residential and institutional construction markets.
FY2023Comparable Companies
SOBHA · ~8000 Cr
PE: ~50xx
Frequently Asked Questions
About Rajparis Civil Constructions
Rajparis Civil Constructions Private Limited is a Chennai-based construction and real estate development company incorporated on 19 January 1988. With over 35 years of operational history, Rajparis has established itself as one of Tamil Nadu's prominent civil construction companies, building towers, stadiums, offices, educational institutions, residential complexes, and commercial properties across the region. The company's registered office is located at Old No. 560-562, New No. 526, Unit 7E, 7th Floor, Century Plaza, Anna Salai, Chennai — 600 018, one of the city's prime commercial addresses. Rajparis Civil Constructions operates primarily as a project-based contractor and developer, executing large-scale civil works for both government and private clients across Tamil Nadu. The company's operating revenue was in the range of Rs. 1 crore to Rs. 100 crore for FY2023, indicating a mid-sized construction operation. Key directors include Neethimani Yogasaravanan and Jeyakumar Ramaswamy, alongside whole-time directors Veluchamy Karuppanna Gounder and Satchidanandam Rajamanickam, reflecting experienced construction sector leadership. Tamil Nadu's construction sector has been buoyant, driven by Chennai's expanding residential market, government infrastructure projects, and the state's growing industrial and institutional construction demand. Rajparis positions itself as a full-service construction company capable of executing diverse project types from residential towers to large institutional complexes. The company's website rajparis.in reflects an active business with ongoing marketing of construction services and real estate projects to developers and government agencies.
Key Milestones
Founded 1981 as partnership firm by Satchidanandam and Jayakumar in Chennai; converted to Private Limited 1988
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Tamil Nadu government's focus on affordable housing and smart cities provides project opportunities for experienced developers
Industry Headwinds
Interest rate cycles and home loan affordability directly impact residential demand
Competition from larger national developers like Prestige, Sobha, and Brigade entering the Chennai market
Interest coverage ratio of -7.29x (FY2022-23) — EBIT does not fully cover interest expenses; risk of debt default
Source: Financial data
Chennai real estate market is subject to cyclical demand fluctuations; any slowdown in residential buying could materially impact project sales and cash flows
Source: AlphaHub Research
Real estate sector in Tamil Nadu is subject to RERA regulations; compliance requirements and project delays can increase costs for developers
Source: Regulatory Filings
Real estate development is capital-intensive; as a private company with no disclosed financials, leverage levels and liquidity position are unknown
Source: Media Reports / Public Records
Chennai real estate market is subject to cyclical demand fluctuations; any slowdown in residential buying could materially impact project sales and cash flows
Real estate sector in Tamil Nadu is subject to RERA regulations; compliance requirements and project delays can increase costs for developers
Real estate development is capital-intensive; as a private company with no disclosed financials, leverage levels and liquidity position are unknown
Incorporated January 19, 1988 in Tamil Nadu (CIN: U45201TN1988PTC015289)
80+ residential + 20+ commercial projects over 43 years in Chennai; CARE Ratings issuer non-cooperating (Mar 2022)
Registered at Old No.560-562, New No.526, Unit 7E, 7th Floor, Century Plaza, Anna Salai, Chennai 600018; website: rajparis.in
Satchidanandam, Jayakumar (founders; 1981 partnership firm)