Credit rating agency, CARE has assigned ‘BB+’ rating to Tirupati Sarjan’s long term bank facilities worth Rs 10 crore. The rating agency has also assigned ‘BB+/A4’ rating to the company’s Non Fund Based Facilities worth Rs 4.25 crore. The company has received the said rating on the back of its modest scale of operations in intensely competitive construction and real estate businesses along-with geographic concentration of both its business segments in North Gujarat / Ahmedabad region.
Tirupati Sarjan is engaged in the business of real estate such as development and construction of properties and infrastructure. The main activities of the company include acquiring plots, developing and executing construction plans.
