Macrotech Developers Share Price Live

Macrotech Developers Ltd is mainly involved in the real estate development business. It was incorporated as Lodha Developers Private Limited in 1995. In 2005, the company launched Lodha Paradise in Thane. In 2008, it received an investment of ₹16,400 million from Deutsche Bank in Cowtown Infotech Services Private Limited. After 3 years, It acquired the Wadala land parcel through an auction process conducted by the Mumbai Metropolitan Region Development Authority.

The company continued its business growth and expanded into the UK by acquiring two development sites in Central London, including the Canadian High Commission, in 2014. The year 2018 witnessed several milestones, including the acquisition of five acres of land parcel in Jogeshwari, the launch of the Seamont project in Walkeshwar, and follow-on fund-raising of USD 125 million on 12% USD bonds due in 2020.

In 2020, the company repaid the bond of USD 325 million and raised the fresh bond of USD 225 million due 2023 by its subsidiary, Lodha Developers International Limited. In 2021, the company went public after launching an IPO and got listed on BSE and NSE.

Business Segments

• Residential Property: Under this segment, the company deals with affordable and mid-income housing projects and premium and luxury housing projects.
• Logistics and Industrial Park: The company is engaged in constructing logistics and industrial parks under this business avenue.
• Commercial Property: Under this business segment, it constructs office and retail projects.

Subsidiaries

As of March 31, 2023, the company had 17 consolidating subsidiaries and a few of them are listed below:

• Apollo Complex Pvt. Ltd: It is a wholly owned subsidiary that is engaged in managing the common areas and facilities of the Apollo Mills Compound.
• Bellissimo Buildtech LLP: This wholly-owned subsidiary is engaged in developing residential/commercial premises and related activities.
• Bellissimo Estate Private Limited: This wholly-owned subsidiary deals with developing residential/commercial premises and related activities.
• Brickmart Constructions and Developers Private Limited: It is a wholly-owned subsidiary involved in developing residential/commercial premises and related activities.
• Classichomes Developers and Farms Private Limited: This wholly-owned subsidiary is involved in the development of residential/commercial premises and related activities
• Cowtown Infotech Services Private Limited: This wholly-owned subsidiary was incorporated as a private limited company in 1985. It is engaged in the development of residential/commercial premises and related activities

Key Personnel

Abhishek Lodha, Managing Director & CEO

Abhishek Lodha holds a postgraduate degree in industrial and systems engineering (supply chain & logistics) from Georgia Institute of Technology. He possesses a rich experience of  21 years in design, sustainability, financial stewardship, business development, strategy and strategic communication, risk management, leadership, public affairs and governance, among others. He worked as a business analyst with McKinsey & Company, Atlanta, United States, prior to joining the company,

Corporate Actions

The company announced a bonus issue in the ratio of 1:1 at the record date of May 31, 2023.