Mahindra Lifespace Developers Ltd is an Indian real estate company founded in 1994 as part of the Mahindra Group. It develops residential properties under the Mahindra Lifespaces and Happinest brands and integrated cities and industrial clusters under the Mahindra World City and Origins by Mahindra World City brands. The company was originally formed as GESCO Corporation in 1999 and merged with Mahindra Realty & Infrastructure Developers Ltd in 2001, subsequently changing its name to Mahindra Lifespace Developers Ltd in 2007. It is headquartered in Mumbai and trades on the BSE and NSE stock exchanges.
3. INTRODUCTION
Mahindra Lifespace Developers Ltd. is an Indian real
estate and infrastructure development company
headquartered in Mumbai, India. The Company was
founded in 1994 and is part of the Mahindra
Group. The company is engaged in residential
developments under the Mahindra Lifespaces and
Happinest brands; and integrated cities and industrial
clusters under the ‘Mahindra World City’ and ‘ORIGINS
by Mahindra World City’ brands. The Company has
developed properties
in Mumbai, Pune, Nagpur, Ahmedabad, Delhi
NCR, Jaipur, Hyderabad, Chennai, and Bengaluru.
4. ESTABLISHMENT
GESCO Corporation Limited was incorporated as a
Private Limited Company on 16 March 1999 which
was converted to a Public Limited Company on 18
August 1999. GESCO was originally the real estate
division of Great Eastern Shipping and was spun off
into an independent company in April 1999. In 2001,
GESCO Corporation and Mahindra Realty &
Infrastructure Developers Ltd (MRIDL) demerged the
realty and infrastructure divisions of MRIDL and
merged it into GESCO. In 2007, the Company name
was changed from Mahindra GESCO Developers
Limited to Mahindra Lifespace Developers Ltd. (MLDL)
5. COMPANY DETAIL
COMPANY TYPE-PUBLIC COMPANY
TRADED AS-BSE:532313
NSE:MAHLIFE
FOUNDED-1994
HEADQUARTERS-MUMBAI,INDIA
PARENT-MAHINDRA & MAHINDRA
WEBSITE-www.mahindralifespaces.com
BOD- 1)ARUN NANDA 4)AMEET HARIANI
2)ARVIND SUBRAMANIAN 5)AMRITA VERMA CHOWDHURY
3)Dr.ANISH SHAH 6)S.DURGASHANKAR
6. TURNOVER
Yearly - Mahindra Lifespace Developers Ltd.
Rs (in Crores)
Mar'21 Mar'20 Mar'19 Mar'18 Mar'17
INCOME
Net Sales Turnover 89.64 439.88 486.03 475.00 680.55
Other Income 46.75 80.81 68.81 82.22 72.65
Total Income 136.39 520.69 554.84 557.22 753.20
