In January 2025, Savani Heritage Conservation, a Mumbai-based firm dedicated to restoring India’s historic monuments, captivated audiences on Shark Tank India Season 4. Led by founder Shantilal J. Savani and his family, the company secured a landmark ₹3 crore deal, marking the highest valuation in the show’s history. Their inspiring pitch highlighted a three-generation legacy of heritage preservation, blending tradition with modern business acumen. This milestone underscores the growing commercial potential of cultural conservation in India.

Savani Heritage Conservation FAQ Summary

Question	Answer
What is Savani Heritage Conservation?	Mumbai-based firm founded in 1995, specializing in restoring India’s historic monuments like the Royal Opera House using traditional techniques.
Who are the founders?	Shantilal J. Savani (1995), joined by nephew Ram Savani (2005) and Ram’s nephew Jagrut Savani (2024), a three-generation family business.
What was their Shark Tank India deal?	On January 21, 2025, secured ₹1 crore for 0.8% equity and ₹2 crore debt at 10% interest from Ritesh Agarwal, valuing the company at ₹125 crore.
What is their net worth?	Valued at ₹125 crore per the Shark Tank deal, with FY 2023-24 revenue of ₹124.7 crore, up 14.72% from ₹93.24 crore in FY23.
How does their financial model work?	Invests 5-10% upfront for long-term projects, using periodic billing for cash flow, primarily from government contracts (85-90% of work).
What challenges do they face?	Skilled labor shortages, traditional method reliance, weather delays, and material debates; plans include a training institute.
How do they impact tourism?	Restorations like Uparkot Fort increased visitors from 2 lakh to 8 lakh annually, supporting India’s ₹2.1 lakh crore tourism economy (2023).
What are their future plans?	Aims to restore 1,000 monuments by 2030 and establish a training institute to professionalize heritage restoration.
Why is their Shark Tank success significant?	Record-breaking deal shows heritage conservation’s commercial potential, inspiring niche entrepreneurs and boosting tourism.
Where can I learn more?	Check their official website, social media (Instagram, LinkedIn), or SonyLIV for Shark Tank India updates.

A Family’s Mission to Preserve History

Savani Heritage Conservation began in 1995, founded by Shantilal J. Savani, a mason who started with modest means. Joined by his nephew Ram Savani in 2005 and Ram’s nephew Jagrut Savani in 2024, the family has restored over 300 heritage sites across 20 Indian states. Their portfolio includes iconic landmarks like Mumbai’s Royal Opera House and the Cellular Jail in the Andaman and Nicobar Islands.

Their work focuses on authentic restoration using traditional techniques and sustainable materials, such as handmade tiles and bricks. Their mission is ambitious: to preserve 1,000 monuments by 2030, boosting India’s heritage tourism. This goal resonates with India’s growing cultural tourism sector, which contributed ₹2.1 lakh crore to the economy in 2023, per the Ministry of Tourism.

Shark Tank Spotlight: A Record-Breaking Deal

On Episode 11 of Shark Tank India Season 4, aired January 21, 2025, the Savani family pitched for ₹3 crore in exchange for 1% equity, valuing their company at ₹300 crore. Their revenue of ₹124.7 crore in FY 2023-24, a 14.72% increase from ₹93.24 crore in FY23, stunned the sharks, as reported by Tofler filings. They also claimed ₹850 crore in current work orders.

Shark Ritesh Agarwal, founder of OYO, saw synergy with his hospitality ventures and offered ₹1 crore for 1% equity plus ₹2 crore in debt at 10% interest for three years. After negotiations, the deal closed at ₹1 crore for 0.8% equity, valuing the company at ₹125 crore—a historic high for the show.

Why It Matters: This deal highlights the scalability of niche industries like heritage restoration, proving that cultural preservation can be a lucrative business in modern India.

Financial Model: Slow but Steady

Savani’s financial strategy is unique. For long-term projects, they invest only 5-10% upfront, relying on periodic billing to maintain cash flow. “For long-term projects, we invest just 5-10% upfront to cover essentials,” Shantilal Savani told BrandWagon Online. This self-sustaining model allows them to tackle multi-year projects without financial strain.

However, Shark Anupam Mittal raised concerns about their receivables cycle, questioning the feasibility of receiving payments within 30 days, especially from government contracts, which account for 85-90% of their work. Despite skepticism, the company’s ₹850 crore order book reflects strong demand.

Challenges in Heritage Restoration

The heritage restoration industry faces significant hurdles: skilled labor shortages, reliance on traditional methods, and limited technology adoption. “In the early days, we lacked modern machinery and struggled to find artisans trained in traditional methods,” the founders admitted to BrandWagon Online. Weather delays and debates over authentic materials further complicate projects.

To address these, Savani plans to establish a training and research institute to professionalize the sector. This initiative could transform heritage restoration into a scalable industry, much like the Aga Khan Trust for Culture’s restoration of Humayun’s Tomb, which trained over 200 artisans between 2007 and 2013.

Broader Impact: Elevating Heritage Tourism

Savani’s work extends beyond restoration—it drives tourism. Their restoration of Uparkot Fort in Junagadh, Gujarat, increased annual visitors from 2 lakh to 8 lakh, a fourfold rise. This aligns with India’s goal to become a global heritage tourism hub, as outlined in the 2023 G20 Tourism Working Group report, which emphasized cultural preservation as a driver of economic growth.

Why It Matters: By preserving India’s cultural landmarks, Savani Heritage supports economic growth through tourism while safeguarding national identity for future generations.

A Vision for the Future

Savani Heritage Conservation’s Shark Tank success is a testament to the power of passion and strategic innovation. Their ₹3 crore deal with Ritesh Agarwal not only validates their business model but also positions them to scale their vision. As they work toward restoring 1,000 monuments by 2030, the company is redefining heritage conservation as a blend of art, tradition, and enterprise.

Their story inspires entrepreneurs in niche markets, proving that cultural preservation can thrive in a modern economy. For India, their efforts promise a future where historic landmarks continue to tell stories, drawing millions to explore the nation’s rich past.

Frequently Asked Questions: Savani Heritage Conservation

1. What is Savani Heritage Conservation?
Savani Heritage Conservation is a Mumbai-based company founded in 1995 by Shantilal J. Savani. It specializes in restoring India’s historic monuments, such as Mumbai’s Royal Opera House and the Cellular Jail in the Andaman and Nicobar Islands, using traditional techniques and sustainable materials.

2. Who are the founders of Savani Heritage Conservation?
The company was founded by Shantilal J. Savani, a mason with a passion for heritage preservation. His nephew, Ram Savani, joined in 2005, and Ram’s nephew, Jagrut Savani, joined in 2024, making it a three-generation family business.

3. What happened on Shark Tank India with Savani Heritage?
On January 21, 2025, during Episode 11 of Shark Tank India Season 4, Savani Heritage pitched for ₹3 crore for 1% equity, valuing their company at ₹300 crore. They secured a deal with Shark Ritesh Agarwal for ₹1 crore for 0.8% equity and ₹2 crore in debt at 10% interest for three years.

4. What is the net worth of Savani Heritage Conservation?
Based on their Shark Tank deal, the company was valued at ₹125 crore. Their revenue for FY 2023-24 was ₹124.7 crore, with a 14.72% increase from ₹93.24 crore in FY23, according to Tofler filings.

5. How does Savani Heritage’s financial model work?
Savani invests only 5-10% upfront for long-term projects, relying on periodic billing to maintain cash flow. This self-sustaining model supports multi-year restoration projects, primarily funded by government contracts, which make up 85-90% of their work.

6. What challenges does Savani Heritage face in restoration?
The company faces skilled labor shortages, reliance on traditional methods, weather delays, and debates over authentic materials. They plan to address these by establishing a training and research institute to professionalize the heritage restoration industry.

7. How does Savani Heritage contribute to tourism?
Their restorations, like Uparkot Fort in Junagadh, Gujarat, have boosted tourism significantly, increasing annual visitors from 2 lakh to 8 lakh. This aligns with India’s cultural tourism growth, contributing ₹2.1 lakh crore to the economy in 2023.

8. What are Savani Heritage’s future plans?
The company aims to restore 1,000 monuments by 2030 and establish a training institute to develop skilled artisans. Their ₹3 crore Shark Tank deal will help scale these efforts, enhancing India’s heritage preservation landscape.

9. Why is Savani Heritage’s Shark Tank success significant?
Their record-breaking deal highlights the commercial potential of niche industries like heritage conservation. It proves that cultural preservation can be a profitable business, inspiring entrepreneurs and supporting India’s heritage tourism goals.

10. Where can I learn more about Savani Heritage Conservation?
Visit their official website or follow their updates on social media platforms like Instagram and LinkedIn for details on their projects and initiatives. For Shark Tank India updates, check SonyLIV or related news portals.

https://www.instagram.com/savaniheritage/?hl=en

Last Updated on: Tuesday, May 13, 2025 12:37 am by Sai Jyothi | Published by: Sai Jyothi on May 13, 2025 12:37 am | News Categories: News

About Us: News Centre 24 covers the latest News on Current News, Business, Sports, Tech, Entertainment, Lifestyle, Automobiles, and more, led by Editor-in-Chief Ankur Srivastava. Stay connected on Facebook, Instagram, LinkedIn, X (formerly Twitter), Google News, and Join Our Community.

Disclaimer: At News Centre 24, we are committed to providing accurate, reliable, and thoroughly verified information, sourced from trusted media outlets. For more details, please visit our About, Disclaimer, and Privacy Policy pages. If you have any questions, feedback, or concerns, feel free to contact us through email.

Contact Us: [email protected]

About The Author