Nitesh Shetty, a first-generation entrepreneur, is the Founder and Chairman of Nitesh Group of companies. A former tennis player, he started his career in 1997 at the young age of 19 with a modest budget of US$ 300 borrowed from his mother to start a billboard business. The company, Serve & Volley Outdoors, went on to become a well-recognised company in the out-of-home advertisement industry.
Born to Pushpa V Shetty and P V Shetty in Bangalore, Karnataka, India. Nitesh Shetty studied in St. Joseph High School, Bangalore. He played competitive cricket at the inter-state level. He was then playing on the national and state tennis circuit and was ranked in the top 10 in the juniors.
With the vision of the group to be in the key sectors of the Indian economy, he forayed into the following:
Banks waved off a young businessman with big dreams and little money. However, two prominent banks (Dhanalakshmi Bank and Corporation Bank) had been of exceptional help in his formative years. The first big break came when the then Board of Dhanalakshmi Bank sanctioned him the required loan to put up a building on a property on M.G. Road.
It was in 2002 that Nitesh made his maiden foray in the real estate industry with Nitesh Enterprises, an integrated property development company for office buildings, residential and retail projects.
He was one of the first few to attract FDI in India with large institutions like Och Ziff, Citi, Appolo, Goldman Sachs investing into his companies. Nitesh Enterprises has also bagged a US$ 25 million project from ITC Limited, a 40 billion Indian Conglomerage and one of India′s top five corporates, to build top-end condominiums in Jakkur, Bangalore.
In 2018, he diversified into the Financial Services space and obtained the NBFC licence from the Reserve Bank of India. Nitstone Finserv caters to lending in the personal finance, gold loan and consumer space.
In the year 2008, he envisioned the top 5-star hotel in the city of Bangalore with the shortfall of hotel rooms. With that, he diversified into the hospitality space. He got Ritz Carlton down to India and set up India’s first Ritz Carlton.
Citigroup Property Investors earmarked an investment of $30 million to develop the Ritz Carlton Hotel in the heart of Bangalore city. The bid was won over some of the biggest developers in the country for a 267-room top-end luxury hotel with an investment of over US$ 125 million.
He ventured into the self storage business and being the first in India to do so and named the company Orange Self Storage focused on building a self storage portfolio.
Nitesh Group focuses on the India Equity Market and with its well-researched team, working on taking long positions in public listed equities and short-term trading on the stock market.
Nitesh first ventured into the business of outdoor billboards with his company Serve & Volley Outdoors. With two key assets, the advertising rights at the prestigious Delhi Metro and Park Street metro station, Kolkata, and with over 2000 advertising panels pan India, Serve & Volley can be counted amongst the country′s top outdoor agencies today. Nitesh′s journey from billboards to buildings has been challenging and remarkable.