Mumbai-based Savani Heritage Conservation, a pioneer in art conservation and restoration, made an impressive appearance on Episode 11 of Shark Tank India Season 4. With nearly three decades of experience, the company has established itself as a crucial player in preserving India’s artistic heritage.
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Quick Facts About Savani Heritage Conservation
| Company Name | Savani Heritage Conservation |
| Founders | Shantilal J. Savani, Ram Savani, Jagrut Savani |
| Founded | 1995 |
| Location | Mumbai, Maharashtra |
| Industry | Art Conservation & Restoration |
| Asked Investment | ₹3 crore for 1% equity |
| Asked Valuation | ₹300 Crores |
| Final Deal | ₹1 crore for 0.8% equity + ₹2 crore debt |
| Debt Terms | 10% interest for 3 years |
| Final Valuation | ₹125 Crores |
| Investing Shark | Ritesh Agarwal |
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About Savani Heritage Conservation: Guardians of Artistic Legacy
Founded in 1995 by the trio of Shantilal J. Savani, Ram Savani, and Jagrut Savani, the company specializes in:
- Restoration of artwork and prints
- Conservation of sculptures
- Preservation of drawings
- Maintenance of decorative art items
- Future damage prevention
- Reversible restoration techniques
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The Shark Tank India Pitch
The founders presented their business to a full panel of sharks:
- Anupam Mittal
- Namita Thapar
- Vinita Singh
- Kunal Bahl
- Ritesh Agarwal
They sought an ambitious investment of ₹3 crores for 1% equity, valuing their company at ₹300 crores.
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Deal Details and Negotiations
After thorough discussions, Savani Heritage Conservation secured a hybrid deal with Ritesh Agarwal:
Equity Component
- Investment: ₹1 crore
- Equity: 0.8%
- Valuation: ₹125 crores
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Debt Component
- Amount: ₹2 crores
- Interest Rate: 10%
- Term: 3 years
Business Model and Market Position
Savani Heritage Conservation has carved a unique niche in the art conservation industry by:
- Following international conservation standards
- Employing reversible restoration techniques
- Focusing on long-term preservation
- Providing specialized services for various art forms
- Building trust with prestigious institutions and collectors
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Future Growth Prospects
With Ritesh Agarwal’s investment and mentorship, the company is positioned to:
- Expand their conservation facilities
- Adopt advanced restoration technologies
- Increase their market presence
- Train more conservation specialists
- Take on larger preservation projects
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Savani Heritage Conservation’s successful pitch on Shark Tank India Season 4 highlights the growing importance of art conservation in India. The unique hybrid deal structure demonstrates investor confidence in both the company’s current operations and future potential. With this strategic investment, the company is well-positioned to continue its mission of preserving India’s rich artistic heritage for future generations.
FAQs
When was Savani Heritage Conservation founded?
1995
Who are the founders of Savani Heritage Conservation?
Shantilal J. Savani, Ram Savani, Jagrut Savani
