Year On Year Growth
Cement (15%) Petrochemicals (55%) Real estate (10%) Hospitality (15%) Granite mining (4%) Cold storage (proposed) Education (proposed) Pharmaceutical (proposed)
Cement Petrochemicals Real estate Hospitality Granite mining Cold storage
Cement Petrochemicals Real estate Hospitality Granite mining
Cement Petrochemicals Real estate Hospitality
Cement Petrochemicals Real estate
Established in the year 1998 “Kushal Bhart Group” has seen tremendous success in the 25 years. As the group completes 25 years of inception it is important to note that the group traces its roots to the backwards district of Purulia in West Bengal.
Infested with naxals and lack of job opportunities Mr Naresh Kr Agarwal undertook tremendous risk by pursuing his entrepreneurship callings and setting up an industrial unit with small capital of Rs 10 Lakhs in the village of Jhalda. Soon, with vigorous hard work and calculated risk the investment into project jumped to a significant amount of Rs 100 crores in 5 years with Mr Agarwal finding the perfect balance between providing locals with job opportunities to availing economic success in the nation’s growth.
With the company growing by more than 140% in its first 10 years and unequivocal support from Union Bank Of India the group expanded in to Cement Manufacturing setting up the largest of such units in the district under the Brand name Bharat Cement in the year 2005. Today Bharat Cements is one of the flagship companies of the group clocking more than Rs 75 Crores of revenue with prestigious clients such as NHAI, South Eastern Railways and many more as the major users of its manufactured cement. The Company employs more than 250 local families and is one of the largest tax contributors to the district of Puruliya. The Cement Manufacturing unit provides the group with an annual turnover of more than Rs 75 Crore that its looking to cross Rs 100 crore by 2025.
The group aims to achieve its large target as it has recently entered into a partnership agreement to develop the granite mines of Puruliya of WBMDTC, the granite reserves of Puruliya have large export proposition that can enable large scale industrialisation in the region.
Behind The Story
Mr Agarwal has always felt a deep sense of connection towards his home town and district of Purulia, hence even when far more lucrative opportunities were available in metro cities, he opted to further his investments into the district of Purulia by pledging to build a social infrastructure that would enable Purulia to become a large town rather than be a place without modern facilities.
To honour his pledge the 1st Mall in Purulia was set up in the year 2014 with multiple nationwide brands such Big Bazar, Pantaloons and more. The mall provided social inclusion and cultural exchange in a manner that since multiple educational institutions have opted Purulia and opened up more than 1500 engineering, medical and management seats to locals and outsiders in Purulia, making it a hub of higher education in the region.
The real estate and rental portfolio of the company has amassed properties worth more than Rs 65 Crores in land holdings across West Bengal and aims to develop more than 500000 sqft of residential and commercial space by 2028 with revenue projection of its rental division going up to Rs 15 crore annually that stands at Rs 6 crores as on date and real estate sales of more than Rs 300 crores in the said time frame.
The group went on to establish the first 4-star hotel in town of Purulia with 51 keys that has been the dwelling for many since its opening in August 2016, The Hotel has been awarded with many accolades. The group further took an aggressive and developed two brands by the name “Pearl Tree Hotels” and “Kushal Palli Resorts” targeting the leisure and corporate travel through different brands.
The Story Behind
In the year 2018 with Govt of West Bengal Mr Agarwal and his company entered into an agreement to develop the Ajodhya Hills of Purulia as a tourist destination that would generate thousands of jobs and many income opportunities for the most backward community of our country. The development of a resort of 120 rooms by the flagship brand “Kushal Palli” today stands tall as a model for sustainable and inclusive development today in the state. The resort employs more than 200 local trials giving them training in hospitality management, the influx of tourist through said marketing has led to a rise in many home stays, sales of local handicraft have grown. Local culture such as the dance of Chaw and Santhal have been popularised through regular performances at the resort for its guests. In accord with the tribal development “Kushal Palli” has been recipient of many awards including the “Times award” for hospitality destination. The resort houses two full time Doctors who operate a diagnosis clinic for free of cost to the local tribals and also provide medical care for inhouse guests. The free clinic has really enabled local people become more aware about modern medicine and treatments.
Our Future aim for Hospitality
The group further aims to grow its Hospitality business with a revenue target of Rs 100 Crores from only hospitality business by 2025 March which as on date stands at Rs 45 Crore annually
Our Vision for Logistics
The group further wishes to grow in its logistics business that as of now comprises of DCA business with Indian Oil Limited doing annual sales of more than Rs 500 Crores, the division has recently entered into a joint venture with the West Bengal Agro Coporation to develop cold storage across the state for local farmers as well as multinational companies such as Pepsico, Britania, Amul etc and it would largely contribute to the group logistical arm and rental income.
Indian Oil Achivements
The group has been awarded as the star performer DCA for Indian Oil for the last 10 years consecutively.
We Strongly belive in Education
Mr agarwal being a man of vision believes in concept of education being the driving force behind wealth creation and development has recently launched his dream project to open up a school for more than 4000 students in his home town Purulia, so that not many parents have to part with there children for better education like he did.The group further aims to diversify its holdings by entering into new ventures of NBFC, Pharmaceutical and health care.