July 23, 2014 5:48 PM ET

Real Estate Management and Development

Company Overview of Lodha Developers Private Limited

Company Overview

Lodha Developers Private Limited operates as a real estate developer that develops and sells residential and commercial properties in India. The company’s projects include apartments and homes, privilege clubs, and office spaces or boutique offices. It also offers real estate solutions to non-resident Indian clients. Lodha Developers Private Limited has a strategic partnership with IBM. The company was founded in 1980 and is based in Mumbai, India.

Lodha Excelus

N.M. Joshi Marg

Mahalaxmi

Mumbai,  400 011

India

Founded in 1980

Phone:

91 22 2302 4400

Fax:

91 22 2300 0693

Key Executives for Lodha Developers Private Limited

Managing Director
Age: 35
Founder
Age: 59
Chief Financial Officer
Age: 40
Chief Operating Officer
Age: 60
President of Finance
Age: 58
Compensation as of Fiscal Year 2014.

Lodha Developers Private Limited Key Developments

Lodha Reportedly Plans IPO; However Denies Listing Plans

Lodha Developers Private Limited is planning an initial public offering (IPO) to raise about $1 billion, said people with knowledge of the matter. One person stated that the IPO may value the company about $10 billion. Two other people stated that Lodha will probably start trading in 2015. Lodha has held talks with investment banks about an IPO, though the process is at an early stage and no advisers have been hired, the people said. Lodha said in an e-mailed response: “We are well capitalized to meet our business growth plans through our internal cash flows, and have no plans of raising capital through a public listing at this time.”

IBM Partners with Lodha Group to Build Smart City Infrastructure for Palava

IBM has announced a partnership with Lodha Group to build and manage smart city infrastructure for Palava in India. Envisioned as a city of opportunity and spanning over 4,000 acres, Palava will incorporate IBM's smarter cities technology using advanced, data driven systems to integrate information from all city operations into a single system to improve efficiency and deliver an enhanced quality of life for residents. As a part of this strategic engagement, IBM Global Business Services developed the vision and detailed roadmap for Palava's smarter city imperatives. IBM is also creating the business architecture and operating procedures, implementing the technology platform and solutions, and will eventually manage the technology. IBM will support a central hub to monitor and enable coordination among Palava city and agencies involved in public safety and emergency management. Centralized city operations will allow for real-time monitoring of incidents and enable public safety personnel to take quick coordinated actions.

Clariant Chemicals Agree to Sell 87 Acres of Land in Mumbai Suburb to Subsidiary of Lodha Developers Pvt. Ltd

Clariant Chemicals (India) Ltd. on April 15, 2014 has agreed to sell 87 acres of land in a Mumbai suburb for INR 11,542.5 million. The plot of land located in Kolshet, Thane, has been sold to a subsidiary of Lodha Developers Pvt. Ltd. The transaction is subject to closing conditions and relevant approvals.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 22, 2014
Freehold Interest in New Court
Merger/Acquisition
January 22, 2014
1.15 Acre Property on Carey Street in London
Merger/Acquisition
November 28, 2013
Macdonald House on Grosvenor Square
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Lodha Developers Private Limited, please visit www.lodhagroup.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.