Max Estates Ltd (MAXESTATES)

Max Estates is the real estate development arm of the Max Group. Established in 2016 the Company offer spaces for Residential and Commercial use with utmost attention to detail design and lifestyle. The Company aspires to be the most trusted Real Estate company driven by the desire to enhance the wellbeing of everyone. Presently the Company is engaged in the business of Real Estate Development.In 2016 the Company launched Dehradun maiden residential project of Max Estates Limited. In 2017 it acquired Wise Zone Builders Pvt Ltd. It completed the first residential development project 222 Rajpur in Dehradun in the year 2018. During FY 20 the Company delivered its first commercial project Max Towers on April 12 2019. It started construction of commerical project in Delhi Max House Okhla. Duirng the year 201920 the Company incorporated Northern Propmart Solutions Limited as its wholly owned subsidiary effective on June 24 2019. The Company further acquired 85.17 shareholding of Pharmax Corporation Limited from Max India Ltd on Novemeber 25 2019.Further in terms of the partnership between New York Life and the Company 49 equity share capital of Northern Propmart Solutions Limited was allotted to New York Life Insurance Company on March 18 2020.During FY 2021 the Company delivered its first office project in Delhi Max House. In addition it started the process for approval of Phase 2 of the Max House development. In Noida it achieved nearly 90 occupancy at Max Towers and kickstarted the construction of MaxSquare its upcoming commercial development on the Noida Expressway.In FY 2022 the Company started the construction of Phase 2 of the Max House development. In 2023 it launched Max Estates128 first residential project in Noida. The Composite Scheme of Amalgamation and Arrangement of Max Ventures and Industries Limited MVIL with the Company became effective from July 31 2023. Accordingly the entire business undertaking of the Transferor Company was transferred to and vested into the Company with effect from April 01 2022..

Share Price: ₹349.35 per share as on 16 May, 2024 03:29 PM
Market Capitalisation: ₹4,164.64Cr as of today
Revenue: ₹24.17Cr as on December 2023 (Q4 23)
Net Profit: ₹-7.51Cr as on December 2023 (Q4 23)
Listing date: 01 Jan, 0001
Chairperson Name: Analjit Singh