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Lodha Group

#1179

Rank

$16.13B

Marketcap

IN India

Country

Lodha Group
Leadership team

Mr. Abhishek Mangal Prabhat Lodha (MD, CEO & Exec. Director)

Mr. Sushil Kumar Modi CFA (Chief Financial Officer)

Ms. Raunika Malhotra (Pres of Marketing & Corp. Communications and Whole-Time Director)

Products/ Services
Commercial Real Estate, Construction, Real Estate
Number of Employees
1,000 - 20,000
Headquarters
Mumbai, Maharashtra, India
Established
1980
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
LODHA.NS
Social Media
Overview
Location
Summary
Macrotech Developers Limited, through its subsidiaries, engages in the construction and development of residential and commercial real estate properties in India and the United Kingdom. The company develops and markets affordable and mid-income housing projects under the CASA by LODHA and CROWN LODHA QUALITY HOMES brands; premium and luxury projects under the LODHA BUILDING A BETTER LIFE and LODHA LUXURY brands; office spaces under the LODHA iTHINK, LODHA EXCELUS, LODHA SUPREMUS, and LODHA SIGNET brands; retail spaces under the xperia and boulevard brands; and digital infrastructure under the LODHA INDUSTRIAL AND LOGISTICS PARKS. It is also involved in facility management, marketing and sales, and support activities. The company was formerly known as Lodha Developers Limited and changed its name to Macrotech Developers Limited in May 2019. Macrotech Developers Limited was founded in 1980 and is headquartered in Mumbai, India.
History

Lodha Group was established by 1980 by Mangal Lodha, a businessman and politician, who serves as Member of Legislative Assembly.In September 2007, the Deutsche Bank made an investment of ?1,640 crore by subscribing to the compulsorily convertible debentures of Lodha's subsidiary, Cowtown Land Development Limited.In May 2010, the company emerged the highest bidder to acquire a 22.5-acre plot in Wadala, Mumbai, for ?4,053 crore from Mumbai Metropolitan Region Development Authority .In December 2012, Lodha Group acquired Washington House, a residential building owned by the US consulate on Altamont Road, for ?341.82 crore . Which was developed into Lodha Altamount.It purchased a 17 acres land in Mumbai's prime location from DLF for about ?2,700 crore , nearly four times higher than the price at which DLF had bought the land in 2005.In November 2013, Lodha Group brought Macdonald House, London, a seven-storey building in central London from the Government of Canada for ?3,120 crore . The company acquired 87 acres of land in Thane from Clariant Chemicals India for ?1,102.5 crore .It received an investment of ?425 crore from Piramal Fund Management for one of the company's project in May 2016.In September 2019, it was announced that the company was about to sell 7 lakh sq ft office space in Mumbai, India to Singapore-based Varde Partners for about ?1,100 crore . Earlier, Lodha sold its 29-storey office building in Mumbai's Wadala for ?1,350 crore to Tata Group's retail arm Trent.In Q3 of 2020, India Ratings and Research and Moody's upgraded the rating for Lodha to stable. After getting listed on stock exchange, Moody's Investors Service changed the outlook on the ratings to positive from stable in April 2021.In September 2021, Tata Power entered into a partnership agreement with the group for setting up EV charging stations in housing societies and offices.

Mission
Lodha Group’s mission is to become the leading real estate developer in India, transforming the skyline of the nation and enhancing people’s lives through its projects.
Vision
Lodha Group’s vision is to create world-class developments that are innovatively designed, thoughtfully executed and sustainable for the future.
Key Team

Mr. Rajendra Narpatmal Lodha (Whole Time Director)

Mr. Anand Kumar (Head of Investor Relations)

Ms. Sanjyot Nilesh Rangnekar (Company Sec. & Compliance Officer)

Mr. Prashant Bindal (Chief Sales Officer)

Ms. Janhavi Sukhtankar (Pres of HR)

Mr. Deepak Chitnis B.E. (Chief Designer)

Mr. Shaishav Dharia M.B.A. (Director of Lodha Green Digital Infrastructure and CEO of Townships & Rental Assets)

Recognition and Awards
Lodha Group has been awarded numerous accolades, such as being ranked as the No. 1 real estate developer in India by Fortune magazine in 2019, and as the most trusted brand in India in 2018 by Trust Research Advisory.
References
Lodha Group
Leadership team

Mr. Abhishek Mangal Prabhat Lodha (MD, CEO & Exec. Director)

Mr. Sushil Kumar Modi CFA (Chief Financial Officer)

Ms. Raunika Malhotra (Pres of Marketing & Corp. Communications and Whole-Time Director)

Products/ Services
Commercial Real Estate, Construction, Real Estate
Number of Employees
1,000 - 20,000
Headquarters
Mumbai, Maharashtra, India
Established
1980
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
LODHA.NS
Social Media