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Ganesh Housing Corporation Ltd

BSE: 526367 | NSE: GANESHHOUC ISIN: INE460C01014
Market Cap: [Rs.Cr.] 378.30 Face Value: [Rs.] 10
Industry: Construction

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Company Profile

Ganesh Housing Corporation Ltd is one of the leading developers of real estate in Ahmedabad. The company is engaged in the business of construction and real estate development in and around Ahmedabad. They are developing several projects in the Residential, Commercial, Hospitality, SEZ's, Integrated Townships and Retail segment of Ahmedabad real estate market. The Company was the first real estate development company in Gujarat to receive an ISO 9001:2000 certification for construction methodology and excellence in quality of work, endorsed by KPMG, USA. Also, the company is one of the pioneers in using earthquake resistant schemes in their projects. Ganesh Housing Corporation Ltd was incorporated as a public limited company in the year 1991 with the name Ganesh Housing Finance Corporation Ltd. Over the years, the company has developed more than 15 million sq ft residential space and today, they are among the top developers of real estate in the city of Ahmedabad. In the financial year 1996-97, the company reduced the non-fund based activities and concentrated only on fund-based activities. During the financial year 1999-2000, the company changed their name from Ganesh Housing Finance Corporation Ltd to Ganesh Corporation Ltd. Also, Sunrise Fincap Ltd ceased to be a subsidiary of the company during the same financial year. During the year 2002-03, the company completed the project, namely Ratnam and during the year 2003-04, they completed two projects, namely Maniratnam and Maniratnam - II. During the year 2004-05, the company signed a MoU with the Government of Gujarat under Vibrant Gujarat for setting up International Pharma and Biotech Park at Changodar - Matoda, Ahmedabad and they completed this project during the year 2005-06. During the year 2006-07, the company signed a MoU with Government of Gujarat for setting up a Special Economic Zone for IT and ITES at Chharodi and in February 2007, they signed another MoU with Government of Gujarat for establishing Integrated Township under the banner of 'Smart City' at Godhavi village, in Sanand. The company forayed into commercial space during the year, by setting up Ganesh Plaza-I and II. During the year 2007-08, the five companies Ramasagar Infrastructure Pvt Ltd, Nachiket Properties Pvt Ltd, Manjari (Thaltej) Complex Pvt Ltd, Shaharsh Infrastructure Pvt Ltd and Ganesh Infrastructure Pvt Ltd amalgamated with the company with effect from October 1, 2006. And Ganesh Infrastructure (India) Pvt Ltd and Yash Organiser Pvt Ltd became wholly owned subsidiaries of the company during the same year. Ganesh Infrastructure (India) Pvt Ltd is in the process of setting up an integrated township near Ognaj in Ahmedabad on 210 acres of land. The company has entered into joint venture agreement with private equity player, namely Monsoon India Infrastructure Direct II Ltd. Yash Organiser is constructing Commercial Shopping Mall at Ahmedabad in the name of GLOMAX. The Company is in the process of setting up a Golf township on 450 acres of land situated at Godhavi in Ahmedabad. Also, three residential projects namely, Shangri-La, Shangri-La-II and Mahalaya-II are being implemented in full swing. The company is implementing a project, namely Mallmax with the total cost of Rs 342.29 million at Paldi. Also, they are implementing two residential projects, namely Maple County and Suyojan.

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Key Information

Key Executives:

Dipak G Patel , Chairman & Wholetime Director

Bharat J Patel , Director

Ashish Mody , Director

Shekhar G Patel , Managing Director

Company Head Office / Quarters:

Ganesh Corporate House,
100 Ft Hebatpur-Thaltej Road,
Phone : Gujarat-91-079-61608888 / Gujarat-
Fax : Gujarat-91-079-61608899 / Gujarat-
E-mail : investors@ganeshhousing.com
Web : http://www.ganeshhousing.com


101 Shatadal Complex,Ashram Road P O,Navrangpura,Ahmedabad-380009

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