Aris Infra Solutions Limited

Background

Aris Infra Solutions Limited, established in February 2021 by co-founders Ronak Morbia and Bhavik Khara, is a Mumbai-based technology-driven platform specializing in the procurement of construction materials. The company's mission is to digitize the entire supply chain within the construction industry, aiming to streamline and simplify the procurement process for building materials. By leveraging artificial intelligence (AI) and machine learning (ML), Aris Infra connects property developers with vendors, thereby enhancing efficiency and transparency in the traditionally fragmented and unorganized construction materials market.

Key Strategic Focus

Aris Infra's strategic focus centers on transforming the construction materials procurement landscape through technological innovation. The company specializes in sourcing and delivering bulk quantities of essential construction materials, including aggregates, ready-mix concrete (RMC), steel, cement, and construction chemicals. By integrating AI and ML into its platform, Aris Infra automates material ordering processes, reduces reliance on intermediaries, and offers a cost-effective, end-to-end solution for real estate and infrastructure developers. The primary markets targeted include real estate developers, infrastructure contractors, and small-scale material suppliers across India.

Financials and Funding

Since its inception, Aris Infra has demonstrated robust financial performance and attracted significant investment:

• Equity and Debt Funding: The company has raised ₹160 crore in equity and an equivalent amount in debt.

• Valuation: The most recent funding round in January 2022 valued the company at approximately $100 million.

• Pre-IPO Funding: In January 2025, Aris Infra secured ₹80 crore in a pre-IPO funding round led by Mukul Agrawal of Param Capital, Singularity Ventures, and Sundar Iyer, achieving a post-money valuation of ₹1,800 crore.

• Initial Public Offering (IPO): The company filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in August 2024, aiming to raise up to ₹600 crore through an IPO. The proceeds are intended for repaying borrowings, supporting working capital, investing in subsidiaries, and potential acquisitions.

• Revenue and Profitability: For the fiscal year 2024, Aris Infra reported revenue of ₹700 crore and an EBITDA of ₹40 crore, maintaining profitability since its inception.

Technological Platform and Innovation

Aris Infra distinguishes itself through its proprietary technological platform that integrates AI and ML to optimize the procurement process:

• Live RFQ Platform: The platform facilitates real-time Request for Quotation (RFQ) processes, enabling faster deal closures and high vendor reach.

• AI-Assisted Document Management: Utilizes AI to digitize and manage over 35,000 documents, enhancing decision-making and operational efficiency.

• Business Intelligence and Cloud Storage: Provides instant data access and analytics, supporting informed decision-making for clients.

Leadership Team

Aris Infra's leadership comprises experienced professionals with diverse backgrounds:

• Ronak Morbia: Co-Founder, with a background in AI and data science, instrumental in developing the company's technological platform.

• Bhavik Khara: Co-Founder, brings expertise in construction and supply chain management, focusing on operational excellence.

• Srinivasan Gopalan: Co-Founder and CEO, appointed in 2022 following the acquisition of Unitern, a real estate advisory firm where he served as Chairman.

Competitor Profile

Market Insights and Dynamics:

The B2B infrastructure market in India was valued at approximately $100-110 billion in 2023 and is projected to grow at a CAGR of 10-12%, reaching $170-195 billion by 2028. Similarly, the B2B real estate construction market is estimated at $165-175 billion in 2023, with an expected growth rate of 6-8%, reaching $230-250 billion by 2028.

Competitor Analysis:

Aris Infra operates in a competitive landscape with several notable players:

• Infra.Market: A prominent construction material procurement platform that raised ₹1,050 crore in a pre-IPO round at a $2.8 billion valuation.

• Yojak: Focuses on streamlining the procurement process for construction materials, catering to small and medium-sized enterprises.

• Mistry Store: Provides an online marketplace for construction materials, emphasizing transparency and competitive pricing.

• Build Supply: Offers a comprehensive platform for construction management, including procurement and project management tools.

• Material Depot: Specializes in supplying a wide range of construction materials, leveraging technology to enhance customer experience.

Strategic Collaborations and Partnerships

Aris Infra has established significant partnerships to strengthen its market position:

• Vendor and Customer Network: Collaborates with industry leaders such as Tata Group, JSW, UltraTech Cement, ACC, Dalmia, Godrej, Larsen & Toubro, Apco Infra, SP Singla Constructions, and Lafarge.

• Banking Partnerships: Works with leading banking partners to offer on-platform credit, aiding customers in accessing formal credit and managing cash flow.

Operational Insights

Aris Infra's strategic considerations include:

• Geographic Expansion: Plans to extend its reach to over 9,500 pin codes by 2027, aiming for ₹5,000 crore in revenue.

• Product Diversification: Expanding into third-party manufactured construction materials like aggregates, RMC, and aerated concrete blocks to meet diverse customer needs.

• Technology Integration: Continuous enhancement of its AI and ML capabilities to further streamline procurement processes and improve customer experience.

Strategic Opportunities and Future Directions

Aris Infra's strategic roadmap includes:

• IPO Execution: Successfully executing the planned IPO to raise capital for debt repayment, working capital support, and strategic investments.

• Market Penetration: Deepening market penetration by expanding its customer base and vendor network across India.

• Technological Advancements: Investing in research and development to enhance its technological platform, ensuring a competitive edge in the market.

Contact Information

• Website: Aris Infra Solutions Limited

• Social Media:

• LinkedIn: Aris Infra Solutions Limited

• Twitter: @ArisInfra

• Facebook: Aris Infra Solutions Limited

Aris Infra Solutions Limited continues to revolutionize the construction materials procurement industry through its innovative technological platform, strategic partnerships, and commitment to operational excellence.