Lodha Developers Limited
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Lodha Developers was incorporated on 25th of September 1995 in the state of Maharashtra in Mumbai as a private limited company under the Companies Act 1956. Lodha Developers are among the class developers who are spread across India and United Kingdom. Lodha Developers has successfully established high prolific image clients due to its activity in the real estate sector since 1980. They had completed several landmark projects mainly Palava City and World One which are rated as the highest livable space by JLL (India).
Date of Incorporation: Lodha Developers Limited was incorporated as ‘Lodha Developers Private Limited’ on 25th September 1995 as the private limited company in Mumbai in the state of Maharashtra under Companies Act 1956. The company was incorporated as public limited company reformed as ’Lodha Developers Limited’ on 14th of March 2018 by Registrar of Companies under the Companies Act 1956.
Promoters of Lodha Developers Limited: Mr Mangal Prabhat Lodha, Mr Abhishek Mangal Prabhat Lodha, Sambhavnath Infrabuid and Farms Private Limited and Mangal Prabhat Lodha Family Discretionary Trust are the promoters of Lodha Developers Limited.
Products and Services Offering: Lodha Developers Limited is active in undertaking real estate projects that include residential and commercials sectors which are spread across rich cities that include Mumbai, Hyderabad, Pune, Bangalore and London. Having brand named “Casa by Lodha” for affordable housing, the “Lodha” and “Lodha Luxury” brands for premium housing and the “iThink”, “Lodha Excelus” and “Lodha Supremus” for commercial office spaces.
Consumer Segment: Lodha Developers Limited has a broader customer segment basically in high prolific cities of Mumbai, Hyderabad, Pune among others in residential and commercial projects.
The objective of Lodha Developers Limited IPO: The objectives of Lodha Developers Limited IPO are-
- Reduction of the aggregate outstanding borrowings of the Company on a consolidated basis.
- General corporate purposes.
- Offer for Sale from existing selling shareholders of the company.
Note: Company won’t receive any proceeds from Offer for Sale
Company Financials:
Particulars |
For the year/period ended (in Rs. Million) |
|||
31-Dec-17 |
31-Mar-17 |
31-Mar-16 |
31-Mar-15 (Proforma) |
|
Total Assets |
259,144.47 |
285,505.23 |
253,608.83 |
236,483.22 |
Total Revenue |
39,486.47 |
58,497.93 |
68,237.94 |
46,739.19 |
Profit After Tax |
3,754.80 |
3,207.05 |
6,884.54 |
5,523.21 |