Omaxe Ltd

Summary

Omaxe Limited (Omaxe) is mainly into the business of developing real estate properties for residential, commercial and retail purposes. Omaxe has diversified its presence across 8 states and 27 cities including Delhi NCR, Haryana, Madhya Pradesh, Punjab, Rajasthan and Uttar Pradesh, among others. The company caters to the needs of a large section of homebuyers including High Networth Individuals (HNIs), middle-income group, lower income group and NRIs. This has enabled Omaxe to understand the market dynamics much better and remain competitive, thus maintaining a healthy topline and bottom line. As on 31 March 2019, Omaxe has delivered 84.8 million square feet in real estate and 31.8 million square feet in construction contracting. As of 31 March 2019, the area under development in real estate stands at 60 million square feet spanning across 21 projects. The Company has 97 Subsidiaries, 1 Associate Companies and 2 Joint Ventures as on March 31, 2019.Omaxe Limited (Omaxe) began its life as Omaxe Builders Private Limited on 8th March 1989, promoted by Rohtas Goel, the founder, to undertake construction & contracting business. The Company became the first construction company of northern India to receive an ISO 9001:2000 certification. The name of the company was changed to Omaxe Construction Private Limited in the year 1997. The Company further changed its constitution to a limited company known as Omaxe Construction Ltd in the year1999. During the same year, Omaxe awarded the... Read More