Garuda Construction and Engineering Ltd Company Summary

Garuda Construction & Engineering Limited was formerly established as Garuda Construction and Engineering Private Limited on September 21, 2010, as a Private Company, pursuant to a Certificate of Incorporation dated September 21, 2010, issued by the RoC, Mumbai. Subsequently, the Company converted its status into a Public Limited Company and the name of the Company was changed to Garuda Construction and Engineering Limited issued by the RoC, Mumbai w.e.f. October 10, 2023.Garudas are a growing civil construction and engineering company based in Mumbai.

The Company is presently engaged in civil construction of five residential projects, two commercial projects, one residential cum commercial, one industrial project, one infrastructure and one civil construction cum services.The Company started the civil construction work in hospitality sector with Golden Chariot Vasai Hotel & Spa in year 2010. In 2014, it completed the civil construction work of Golden Chariot Vasai Hotel and Spa; in 2015, it renewed and refurbished Golden Chariot, the Boutique Hotel, these were construction contracts with promoter, PK Hospitality Services Private Limited. In June 2017, it commenced the civil construction of residential buildings in the Mumbai Metropolitan Region (MMR) near the Riwali Park, Kandivali.

It completed civil construction of Delhi Police Headquarters in 2021 and then entered into development and construction of residential project at Borivali, Mumbai in 2022. The Company come out with Initial Public Offer by raising Rs 264.1 Crore issuing an aggregate of 2,78,00,000 equity shares of face value Rs 5 each, comprising a fresh issue of 1,83,00,000 equity shares amounting to Rs 173.85 Cr and offer for sale of 95,00,000 equity shares aggregating to Rs 90.25 Cr in October, 2024.