Anant Raj Board Constitutes Committee to Evaluate Demerger of Real Estate and Data Centre Businesses
Anant Raj Board Initiates Strategic Review of Real Estate and Data Centre Separation
At its May 11, 2026 board meeting, Anant Raj Limited approved audited financial results for the quarter and year ended March 31, 2026 under SEBI regulations. In the same session, the board constituted a committee to evaluate a potential demerger of its real estate and data center businesses.
Committee Mandate and Structure
The committee is mandated to evaluate merger and demerger structures, options, and strategies, and to recommend a final proposal or scheme to the Board. The committee includes the managing director, whole-time director and chief operating officer, chief business officer, and chief financial officer.
Strategic Rationale
The company currently operates across two separate sectors—real estate development and data centre services—which differ considerably in terms of business nature, risk profile, competitive landscape, and capital requirements. The stated objectives of such restructuring include enabling greater operational efficiency and management focus, facilitating independent strategies for growth and capital allocation, unlocking and enhancing shareholder value, and allowing investors to directly participate in their preferred business segment.
Scale of Planned Data Centre Expansion
Anant Raj is planning to build a total data centre capacity of 357 megawatt IT load through a combination of colocation and cloud services, with an estimated cumulative investment of around Rs 200 billion. Data center revenue for FY26 stood at Rs. 176.49 crore for the full year, with Q4 alone contributing Rs. 74.51 crore, indicating the segment is accelerating sharply as capacity scales.
With 28 MW operational capacity across Manesar, Panchkula, and Rai locations, the segment contributed 75% to absolute EBITDA and 43.23% to PAT in H1 FY26. The company targets 63 MW capacity by December 2026 and 117 MW by FY28.
Real Estate Business Context
On the real estate front, Anant Raj's flagship residential township in Sector 63A, Gurugram, encompasses multiple project offerings. The Estate Apartments, launched in Q1 FY26 with a total area of 0.40 msf, has an estimated revenue of Rs. 750 crores, with construction, development, and marketing underway.
Financial Performance and Context
Anant Raj delivered a strong consolidated performance for FY26, with revenue from operations growing to Rs. 2,511.60 crores for the year ended March 31, 2026, compared to Rs. 2,059.97 crores in the year ended March 31, 2025. Net profit for the year rose to Rs. 557.02 crores from Rs. 425.82 crores in the prior year.
Company Heritage and Footprint
Founded in 1969, Anant Raj Limited is one of India's most enduring real estate institutions, with over five decades having moved from stewardship of land to shaping skylines and nurturing communities. The company holds approximately 320 acres of prime, debt-free land in Delhi-NCR and operates 28 MW of data center capacity. The company is primarily engaged in the development and construction of IT parks, hospitality projects, SEZs, office complexes, shopping malls, and residential projects in Delhi, Haryana, Andhra Pradesh, Rajasthan, and NCR.
Anant Raj Cloud's dual empanelment as a Sovereign Cloud Service Provider under MeitY and as a Data Centre Service Provider with BSNL opens access to government, telecom, and enterprise contracts that are typically inaccessible to smaller or uncertified operators.