Home  »  Company  »  Oberoi Realty Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

Oberoi Realty Ltd. Company History and Annual Growth Details

The Company was incorporated in Mumbai as Kingston Properties Private Limited on May 8, 1998 under the Companies Act. Pursuant to a circular resolution passed by the Directors dated October 12, 2009, ratified by the Directors on December 4, 2009 and resolution passed by the shareholders of the Company at the EGM held on October 22, 2009, the name of the Company was changed to Oberoi Realty Private Limited for availing the benefits of the brand equity of 'Oberoi' and with a view to convey the right nature of activities of the Company.
Consequent to the change in name, the Company received a fresh certificate of incorporation dated October 23, 2009 from the RoC, Maharashtra. Thereafter, the Company was converted into a public limited company and pursuant to a Board resolution dated December 4, 2009 and shareholders resolution passed at the EGM dated December 4, 2009, the name of the Company was changed to Oberoi Realty Limited. Consequent to its change of name, the Company received a fresh certificate of incorporation dated December 14, 2009 from the RoC.

The Company is involved in real estate development and has a diverse portfolio of projects covering the residential, office space, retail, hospitality and social infrastructure segments of the real estate market. Currently, we have projects in Mumbai and Pune.

Major Events

The table below sets forth some of the major events in our history:

February 20, 2002
Acquisition of land at Goregaon, Mumbai from Ciba Specialty Chemicals (India)
Limited

Acquisition of land at Goregaon, Mumbai from Novartis India Limited at Goregaon,
Mumbai


April 8, 2003
OMPL became a 100% subsidiary of the Company

February 10, 2005
Acquisition of development rights at Andheri (West), Mumbai from Excel Industries
Limited and Shroff Family Charitable Trust for development of property

March 31, 2005
Master Asset Purchase Agreement entered into between Tulip Hospitality Services Limited, Tulip Hotels Private Limited, Dr. Ajit Kerkar and SRPL for acquisition of Hotel Tulip Star at Juhu, Mumbai from Tulip Hospitality Services Limited

September 26, 2005
Acquisition of land at Mulund, Mumbai from GlaxoSmithKline Pharmaceuticals Limited

October 18, 2005
Acquisition of land at Andheri (East), Mumbai from Madhu Fantasy Land Private
Limited and Avinash Bhosale

December 21, 2006
OCPL became 100% subsidiary of the Company

January 14, 2007
Investment in the Company by SSIII by a fresh issue of 279,777 Equity Shares and
783 Preference Shares for Rs. 5,967.00 million and Rs. 783.00 million, respectively
aggregating to an investment of Rs. 6,750.00 million

January 2, 2008
Hotel Operating Services Agreement entered into between the Company and Starwood
Asia Pacific Hotels & Resort Pte. Limited for operating The Westin Mumbai - Garden
City hotel at Goregaon (East), Mumbai

September 23, 2009
Joint Venture Agreement entered into between the Company, Skylark Build and Shree
Vrunda Enterprises for the development of the free-sale component under slum
rehabilitation scheme at Annie Besant Road, Worli, Mumbai

Awards and Achievements

February 2010

Asia Retail Congress Awards 2010 awarded the Oberoi Mall with the 'Emerging Retailer of
the Year (Mall)' Award

February 2010

Shoppers & Consumer Insights Awards 2010 awarded the Oberoi Mall with the following
awards:

(i). Most Admired Shopping Centre of the Year - Metros

(ii). Most Admired Shopping Centre of the Year - Marketing and Consumer Promotions

(iii). Most Admired Shopping Centre Developer of the Year

March 2010
Accommodation Times Awards 2010 awarded the Company with the =Real Estate Company
of the Year Award
 
Subscribe now to get personal finance updates in your inbox!