Landmark Cars Ltd

Landmark Cars Limited was originally incorporated as Landmark Insurance Broking Private Limited' in Mumbai, Maharashtra, as a Private Limited Company under the Companies Act, 1956, dated February 23, ... 2006, issued by the RoC. The name of Company was subsequently changed to Landmark Cars Private Limited' on May 6, 2009. Thereafter, Company converted into a Public Company on November 10, 2021 and name of the Company was changed to Landmark Cars Limited', pursuant to a fresh certificate of incorporation issued by the RoC on December 3, 2021. The Company is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. It cater to commercial vehicle retail business in India. It has presence across the automotive retail value chain, including sales of new vehicles, after-sales services and repairs (including sales of spare parts, lubricants and accessories), sales of pre-owned passenger vehicles and facilitation of sales of third-party financial and insurance products. Presently, the Company has currently expanded network to include 112 outlets in 8 Indian states and union territories, which comprised of 59 showrooms and outlets and 53 after-sales service and spares outlets, as of June 30, 2022. It has focused on premium and luxury automotive segments. In addition, the Company is the third largest dealership in India for Renault in terms of wholesale sales contribution for calendar year 2021. In Fiscal 2022, it contributed 15.8% to retail sales of Mercedes-Benz, 5.8% to wholesale sales of Honda, 8.7% to wholesale sales of Volkswagen, 26.8% to wholesale sales of Jeep and 5.1% to wholesale sales of Renault. In 1998, the Company started their operations and opened first dealership for Honda in Ahmedabad, Gujarat In 2009, it commenced Volkswagen dealership and the Mercedes-Benz dealership in Ahmedabad, Gujarat. In 2012, it commenced Ashok Leyland dealership at Ahmedabad, Kheda, Anand, Gandhinagar, Vadodara, Panchmahal and Dahod, in Gujarat. In 2013, it commenced their Mercedes-Benz Kolkata dealership in West Bengal. In 2016, the Renault dealership commenced in Punjab. In 2018, the Company acquired a competing Volkswagen dealer in Ahmedabad, Gujarat. During 2019, a Composite Scheme of Arrangement and Amalgamation between the Company, Landmark Commercial Vehicles Private Limited and Watermark Commercial Vehicles Private Limited and their respective shareholders and creditors got approved and sanctioned by the National Company Law Tribunal, Ahmedabad by way of its Order dated April 4, 2019. A Composite Scheme of Arrangement and Amalgamation for demerger and amalgamation between Company, Landmark Automobiles Private Limited and Watermark Automobiles Private Limited and their respective shareholders and creditors, was approved and sanctioned by the National Company Law Tribunal, Ahmedabad by way of its Order dated April 4, 2019, read with Order dated April 15, 2019. A Composite Scheme of Arrangement and Amalgamation for demerger and amalgamation between the Company, Automark Motors Private Limited and Watermark Vehicles Private Limited and their respective shareholders and creditors, was approved and sanctioned by the National Company Law Tribunal, Ahmedabad by way of its Order dated April 4, 2019, read with Order dated April 15, 2019, with the Appointed date, April 01, 2018. The Company was appointed as a dealer for Jeep at Ludhiana and Jalandhar in Punjab during the year 2021. It opened a Jeep connect showroom in Thane, Maharashtra. It acquired 4 service centres of Mercedes-Benz, as a going concern, on a slump sale basis from Shaman Wheels Private Limited in Mumbai and Navi Mumbai, Maharashtra. In 2022, it opened a BYD brand passenger car showrooms to be their dealer in Delhi and Mumbai. The Company came out with a Public Issue during December, 2022 by raising Rs. 552 crores through Fresh Issue amounting to Rs. 150 crores and Offer for Sale amounting to Rs. 402 crores. Read More