ArisInfra Evaluates Entry into India’s ₹35,000+ Crore Asphalt Market

Mumbai, December 19, 2025: Arisinfra Solutions Limited, a leading tech-enabled supply and services network for India’s construction and real estate sectors, has announced the signing of a strategic Memorandum of Understanding (MoU) with JS Infra Solutions to explore a strategic collaboration in the asphalt and road infrastructure materials ecosystem.

India’s asphalt market is anchored by bitumen demand and one of the world’s largest road networks. The Indian bitumen market is currently estimated at approximately $4.2 billion (INR 35,000+ crore), with annual consumption of around 9 million tonnes and industry estimates projecting demand to scale to ~31 million tonnes over the coming years. This growth is supported by India’s 6.6-million- kilometre road network—the largest globally— alongside sustained investments in highways, metro corridors, urban roads, and periodic resurfacing cycles.

While demand remains strong, value creation in the asphalt segment is increasingly execution-led rather than supply-led. The sector continues to be fragmented, with a limited number of operators capable of delivering consistently at scale across complex urban and inter-city infrastructure environments.

JS Infra Solutions operates at this execution layer and is among the top ten asphalt producers in the Mumbai region, with execution experience across arterial roads, metro-linked infrastructure, flyovers, and dense urban corridors, serving leading EPC contractors and infrastructure developers.

Under the MoU, the parties will assess the feasibility of a collaboration, with an initial focus on the Mumbai region—one of India’s most demanding infrastructure markets. Any proposed model is intended to be replicable across other infrastructure-intensive regions, subject to feasibility and performance.

The proposed framework seeks to combine JS Infra’s on-ground execution capability with ArisInfra’s operating infrastructure, sourcing capabilities, and technology-enabled coordination systems, with the objective of evaluating an asset-light, partnership-driven approach to the asphalt segment.

Commenting on the development, Ronak Morbia, Chairman & Managing Director of ArisInfra Solutions Limited, said: “Road infrastructure in India is entering a phase where execution quality and operating discipline matter as much as material supply. This MoU allows us to evaluate the asphalt segment through a partnership-led, asset-light approach, aligned with how we build scalable and profitable execution ecosystems.”

Pinal Kothari, Owner, JS Infra Solutions, said: “We have built strong execution capabilities in some of India’s most complex urban infrastructure environments. Exploring a collaboration with ArisInfra allows us to assess how operating systems, sourcing scale, and execution experience can come together in a structured and scalable manner.”

Any definitive arrangement, including the formation of a joint venture or other partnership structure, will be subject to execution of definitive agreements, approval of the Board of Directors, and receipt of applicable statutory and regulatory approvals. There is no binding obligation or capital commitment on either party at this stage.