Mahendra Realtors & Infrastructure Ltd (MRIL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Mahendra Realtors & Infrastructure was originally incorporated as a private limited Company under the Companies Act, 1956 in the name and style of ‘Mahendra Realtors & Infrastructure Private Limited’ dated June 08, 2007, issued by the Registrar of Companies, Mumbai. Subsequently, the company was converted from the Private Company to the Public Company and the name of the company was changed to ‘Mahendra Realtors & Infrastructure Limited’ pursuant to a shareholders’ resolution passed at an Extra-Ordinary General Meeting held on June 13, 2014, and a fresh certificate of incorporation dated August 25, 2014 was issued by Registrar of Companies, Mumbai. However, the name of the company was changed to ‘Mahendra Realtors & Infrastructure Private Limited’ pursuant to a shareholders’ resolution passed at an Extraordinary General Meeting held on August 26, 2014, and a fresh certificate of incorporation dated November 3, 2014, was issued by Registrar of Companies, Mumbai. Subsequently, the name of the company was changed to ‘Mahendra Realtors & Infrastructure Limited’ pursuant to a shareholders’ resolution passed at an Extra-Ordinary General Meeting held on April 3, 2024, and a fresh certificate of incorporation dated July 15, 2024, was issued by Registrar of Companies, Mumbai.

The company is engaged in providing a wide variety of services including but not limited to Structural Repairs, Rehabilitation, Retrofitting, Water Proofing, Corporate Interior, Build-Operate-Transfer (BOT) Projects, Maintenance, Construction, Infrastructure Restoration etc. The company has undertaken several Structural repairs projects for various government departments and public sectors organizations. The company secures its projects primarily through a structured tendering process and does not engage in conventional marketing activities. However, to maintain a competitive edge, the Company focuses on strengthening its industry presence through active participation in government sector tenders, fostering strong client relationships, adhering to industry certifications, and leveraging its established reputation for quality and reliability. 

Business area of the company

The Company is engaged in the business of providing Works Contract Services for Civil Construction, Plumbing, Building repairing, etc. The company is also involved in the business of real estate construction and development of immovable properties.

Services of the company

• Works contract (Structural Repairs, Restoration, Retrofitting)
• Corporate interior
• Build and Operate Transfer Contractors - (BOT)
• Maintenance work
• Construction contracts
• Infrastructure restoration

History and milestones

• 2007: The company was incorporated.
• 2008: The Company has acquired M/s. Mahendra Sanitation, a partnership firm.
• 2008: Renovation & Structural Retrofitting work was done on an existing building in Ghatkopar for Syndicate Bank, where Municipal Corporation of Greater Mumbai (MCGM). has issued notice for demolition, but the Client did not want to demolish. MCGM agreed to withdraw notice of demolition if IIT Bombay issues stability certificate. The repair methodology was vetted by IIT Bombay, and the work was executed. IIT Bombay has issued the Stability Certificate and the building was reoccupied.
• 2010: MRIL completed its first Build-Operate-Transfer (BOT) project in Maharashtra, Constructing Pen Municipal Council Office and commercial complex named Centre Point in Pen, Raigad, Now - Maha Mumbai, now known as 'Sharad Pawar Bhavan'. 
• 2015: MRIL ventured into the corporate interior vertical.
• 2016: The company diversified its business operations to other states including Goa, Andhra Pradesh, Gujarat, and Delhi.
• 2018: MRIL initiated a Corporate Social Responsibility (CSR) program and introduced electric platform cars at CST station to assist elderly and physically handicapped individuals in boarding trains effortlessly.
• 2019: MRIL relocated to a larger facility with 50 plus workstation office spaces in commercial Building with excellent interiors.
• 2019: MRIL received the certificate in appreciation for support towards the international conference of rehabilitation and retrofitting of structures - 2019, jointly organised by V.J.T.I., ASTR, DCSEM and BARC, held on June 25, 2019 at DAE Convention Centre, Anushakti Nagar, Mumbai.
• 2019: India 5000 Best MSME Award for Quality Excellence Winner 2019 for outstanding contribution in quality and excellence, in realm of customer satisfaction, impact on society through service & management to boost up all.
• 2020: Achieved a turnover of over Rs 112.00 crore for the first time. Additionally, completed one of the biggest major Structural Repair Projects at Vashi & Belapur railway stations, which was one of the biggest and highest amounts of Structural Repairs Project in India.
• 2024: MRIL converted to a Public Limited company.