Eleven
chapters,
1968–2029.

A business begun by leaving school

The late Shri Chhotalal S. Ajmera — Chhotubhai — was born on 27 September 1937 in Vasavada, a village in Gujarat. In 1968 he left formal education to enter business, having already experimented with oil trading, textile trading, fabrication, foundry work and paper after arriving in Mumbai.

Out of that commercial restlessness came a construction firm. The founding commitment recorded for the company is plain enough: quality, transparency, and maximum value delivered to the customer.

Rajnikant S. Ajmera worked alongside the founder, and his association with the enterprise spans more than five decades.

A steel company that would become a developer

The corporate entity that carries the Ajmera name onto India's stock exchanges was incorporated in 1985 as Percolated Steels Limited. Its origin in steel rather than in property is a useful reminder of how broad the Group's industrial base has always been — cement, steel rolling and related manufacture sat alongside construction from early on.

The company would be renamed Ajmera Realty & Infra India Limited twenty-four years later.

Two events in a single year

On 1 August 2009 Rajnikant S. Ajmera took office as Managing Director of the listed company. In the same year, Percolated Steels Limited was renamed Ajmera Realty & Infra India Limited — the corporate identity aligning, at last, with what the business had become.

The company trades on the BSE under code 513349 and on the NSE under the symbol AJMERA.

Governance and generation

On 25 April 2012, Rajnikant S. Ajmera became Chairman of the Board, holding the chair alongside the managing directorship he had taken up three years earlier.

The same year, Contra Power was established for solar power generation. Together with Ajmera Biofuel — which holds a 49 per cent stake in a solar project at Osiyan, near Jodhpur — it marked the Group's entry into renewable energy, extending an industrial base that already included cement, steel rolls and seamless capsules.

Speaking as Chairperson, on public conduct

In 2017 Rajnikant Ajmera appeared at Manavta Mahotsav, identified as Chairperson of the Ajmera Group, in support of the Spit Free Bharat public-awareness campaign — a civic-hygiene initiative addressing public spitting.

It is a small entry beside a mill-land acquisition or a township, and worth recording precisely for that reason: it places a developer's public voice behind the ordinary maintenance of shared urban space rather than behind a project launch.

Still under construction

In 2023 the company took on a redevelopment project at Borivali in Mumbai — redevelopment being the form that growth increasingly takes in a city with little unbuilt land left.

On 10 July 2024 the Board approved his reappointment as Chairman and Managing Director for a five-year term running from 1 August 2024 to 31 July 2029, subject to approval by members at the annual general meeting, and noting that he had attained the age of seventy.

The chronology therefore does not close in the present tense. It runs forward.