Savani Heritage Conservation, a Mumbai-based startup, is dedicated to restoring and preserving historic structures across India. Founded in 1995 by Shantilal J. Savani, the company has grown into a family-run enterprise, with three generations contributing to its success. Ram Savani, a civil engineering graduate, joined in 2005, and Jagrut Savani, who studied in the United States, became part of the business in 2024. Their mission is to repair damaged heritage sites while maintaining their original identity through a blend of traditional craftsmanship and scientific restoration techniques.
To date, Savani Heritage Conservation has restored over 300 historic sites across 20 states, with a goal of reaching 1,000 sites by 2030. Their portfolio includes iconic landmarks like IIM Ahmedabad’s Vikram Sarabhai Library, Mumbai’s Royal Opera House, and the Cellular Jail in the Andaman and Nicobar Islands. Their exceptional restoration work on the Vikram Sarabhai Library earned them a UNESCO award, further solidifying their reputation in the heritage conservation space.
The company made history on Shark Tank India by pitching for an investment of ₹3 crore in exchange for 1% equity, valuing the business at ₹300 crore. The sharks, including Anupam Mittal, Ritesh Agarwal, Kunal Bahl, Namita Thapar, and Vineeta Singh, were astounded by the company’s financial success. Savani Heritage reported ₹124 crore in gross revenue last year and projected an increase to ₹300 crore this year, with ongoing projects worth ₹850 crore.
During the pitch, the founders revealed that most of their revenue comes from government contracts, with only a small portion from private projects. This level of financial performance was unprecedented on Shark Tank India, making it one of the most talked-about deals in the show’s history. Anupam Mittal expressed skepticism about the company’s valuation, but Ritesh Agarwal saw immense potential and made an offer.
The Record-Breaking Shark Tank India Deal
•Ritesh Agarwal invested ₹1 crore for 0.8% equity
•He also provided ₹2 crore as debt at a 10% interest rate
•The deal valued the company at ₹125 crore, marking the highest valuation in Shark Tank India’s history
With Ritesh’s investment and strategic guidance, Savani Heritage Conservation is set to expand its reach, take on larger projects, and further establish itself as India’s premier heritage restoration company. Their work not only preserves India’s cultural history but also showcases the power of traditional craftsmanship in a modern world.
