Landmark Cars Ltd (LANDMARK)

Landmark Cars Limited was originally incorporated as Landmark Insurance Broking Private Limited in Mumbai Maharashtra as a Private Limited Company under the Companies Act 1956 dated February 23 2006 issued by the RoC. The name of Company was subsequently changed to Landmark Cars Private Limited on May 6 2009. Thereafter Company converted into a Public Company on November 10 2021 and name of the Company was changed to Landmark Cars Limited pursuant to a fresh certificate of incorporation issued by the RoC on December 3 2021.The Company is a leading premium automotive retail business in India with dealerships for MercedesBenz Honda Jeep Volkswagen and Renault. It cater to commercial vehicle retail business in India. It has presence across the automotive retail value chain including sales of new vehicles aftersales services and repairs including sales of spare parts lubricants and accessories sales of preowned passenger vehicles and facilitation of sales of thirdparty financial and insurance products. Presently the Company has currently expanded network to include 112 outlets in 8 Indian states and union territories which comprised of 59 showrooms and outlets and 53 aftersales service and spares outlets as of June 30 2022. It has focused on premium and luxury automotive segments. In addition the Company is the third largest dealership in India for Renault in terms of wholesale sales contribution for calendar year 2021. In Fiscal 2022 it contributed 15.8 to retail sales of MercedesBenz 5.8 to wholesale sales of Honda 8.7 to wholesale sales of Volkswagen 26.8 to wholesale sales of Jeep and 5.1 to wholesale sales of Renault.In 1998 the Company started their operations and opened first dealership for Honda in Ahmedabad GujaratIn 2009 it commenced Volkswagen dealership and the MercedesBenz dealership in Ahmedabad Gujarat.In 2012 it commenced Ashok Leyland dealership at Ahmedabad Kheda Anand Gandhinagar Vadodara Panchmahal and Dahod in Gujarat.In 2013 it commenced their MercedesBenz Kolkata dealership in West Bengal. In 2016 the Renault dealership commenced in Punjab.In 2018 the Company acquired a competing Volkswagen dealer in Ahmedabad Gujarat.During 2019 a Composite Scheme of Arrangement and Amalgamation between the Company Landmark Commercial Vehicles Private Limited and Watermark Commercial Vehicles Private Limited and their respective shareholders and creditors got approved and sanctioned by the National Company Law Tribunal Ahmedabad by way of its Order dated April 4 2019. A Composite Scheme of Arrangement and Amalgamation for demerger and amalgamation between Company Landmark Automobiles Private Limited and Watermark Automobiles Private Limited and their respective shareholders and creditors was approved and sanctioned by the National Company Law Tribunal Ahmedabad by way of its Order dated April 4 2019 read with Order dated April 15 2019. A Composite Scheme of Arrangement and Amalgamation for demerger and amalgamation between the Company Automark Motors Private Limited and Watermark Vehicles Private Limited and their respective shareholders and creditors was approved and sanctioned by the National Company Law Tribunal Ahmedabad by way of its Order dated April 4 2019 read with Order dated April 15 2019 with the Appointed date April 01 2018.The Company was appointed as a dealer for Jeep at Ludhiana and Jalandhar in Punjab during the year 2021. It opened a Jeep connect showroom in Thane Maharashtra. It acquired 4 service centres of MercedesBenz as a going concern on a slump sale basis from Shaman Wheels Private Limited in Mumbai and Navi Mumbai Maharashtra.In 2022 it opened a BYD brand passenger car showrooms to be their dealer in Delhi and Mumbai.The Company came out with a Public Issue during December 2022 by raising Rs. 552 crores through Fresh Issue amounting to Rs. 150 crores and Offer for Sale amounting to Rs. 402 crores.

Landmark Cars Ltd Share Price: ₹543.50 per share as on 31 Mar, 2023 04:01 PM
Landmark Cars Ltd Market Capitalisation: ₹2,435.51Cr as of today
Landmark Cars Ltd Revenue: ₹884.58Cr as on December 2022 (Q4 22)
Landmark Cars Ltd Net Profit: ₹25.9Cr as on December 2022 (Q4 22)
Landmark Cars Ltd Listing date: 06 Jul, 1996