SCALING NEW HEIGHTS

From a startup to a listed PropTech leader in just six years, what has fuelled JUSTO'S remarkable growth story?

- By ASHISH SINHA

WHEN a young real estate mandate company goes public within just six years of inception, it turns heads.

For Justo RealFintech, the milestone was more than a listing—it was a statement of intent. In October 2025, the Pune-based PropTech firm made a splash on the BSE SME platform, becoming one of the youngest companies in its segment to go public. The move capped an extraordinary journey driven by discipline, governance, and a relentless focus on execution.

Behind Justo's rise stands its founder and Chairman and Managing Director, Pushpamitra Das, a seasoned finance professional with over three decades of experience. Having served as CFO for multiple blue-chip companies, Das knew the transformative power of governance and transparency. “It was my dream to own a listed company,” he says. “Governance is the cornerstone of sustainability, especially in real estate. It inspires confidence and unlocks access to capital—the most powerful tool for scaling any business.”

That belief laid the foundation for Justo's journey. With a modest beginning, the company now boasts delivery of over 11,000 housing units worth Rs 8,150 crore, a network of more than 3,400 channel partners, and 37 active mandates valued at Rs 4,149 crore across key western Indian markets including Pune, Mumbai, Nashik, Aurangabad, and Kolhapur.

IPO Momentum

Justo's successful Rs 63-crore IPO in October 2025 marked a pivotal moment. The capital, Das explains, will be strategically deployed to strengthen the balance sheet, repay borrowings, and expand into new geographies. “A significant portion will go toward repaying nonconvertible debentures and improving financial resilience,” he notes. “We're also investing in working capital management, technology, and expansion across Tier-2 cities such as Nashik, Kolhapur, Nagpur, and Aurangabad, while entering Goa, Ahmedabad, Bengaluru, and Hyderabad.”