B-Right Real Estate Ltd Share Price

The company was originally incorporated on October 22, 2007 as a private limited company as “Marshal Vinimay Private Limited” under the provisions of the Companies Act, 1956 with the Registrar of Companies, West Bengal. Subsequently, pursuant to a special resolution of its Shareholders passed in the annual general meeting held on September 25, 2019 the Company was converted from a private limited company to public limited company and consequently, the name of the Company was changed to ‘Marshal Vinimay Limited’ and a fresh certificate of incorporation consequent to conversion was issued on January 02, 2020 by the Registrar of Companies, Mumbai. Subsequently, the Company’s name was changed to B-Right RealEstate Limited by passing of resolution on August 28, 2020 and a fresh certificate of incorporation consequent to name change was issued on September 25, 2020 by the Registrar of Companies, Mumbai.

B-Right Realestate is an integrated construction and real estate development company, focused primarily on construction and development of residential and commercial projects, in and around Mumbai. It has established a successful track record in the real estate industry in Mumbai, by developing versatile projects through its focus on innovative architecture, strong project execution and quality construction. The company has opted a business model whereby it Invests in its subsidiary LLP named B-Right RealEstate Ventures LLP and this LLP makes investment in various SPV (Special Purpose Vehicle) which is been incorporated for a Particular project. Each Real estate project has its own SPV and such SPV is closed upon completion of the project. This helps the company to keep a track of all the materials, human resource and all other miscellaneous expenses that occur from a particular project. Till today such a business model has been proven to be successful but it does not assure that the same would continue in future. The company also operates on Development Management contracts where by the company extends financials assistance for a particular RealEstate projects.

The company’s customer-centric business model focuses on designing and developing its “branded products” to address consumer needs across locations and price points. It has in-house capabilities to deliver a project from conceptualization to completion with fast turnaround time from acquisition to launch to completion, which focuses on de-risking and improving its return on investment. Its core competence lies in professionally managing the real estate value chain and attracting and retaining talent to maximize value creation. It streamlines its supply chain and construction processes with an aim to develop high quality products consistently and in a timely and cost-efficient manner. Its design team uses customer insights to conceptualize and design products that are best suited for the respective locations and target a variety of customer groups. Its construction management and procurement teams focus on realizing efficiencies in procurement, vendor selection and construction. 

Business area of the company

B-Right Realestate is an integrated construction and real estate development company that primarily focuses on the construction of residential and commercial projects.

Key events:

• 2007: Incorporation of the company in the name and style of “Marshal Vinimay Private Limited”.
  
• 2015: Shifting of Registered Office from the State of West Bengal to the State of Maharashtra.
  
• 2020: Conversion of the Company from Private Limited Company to Public Limited Company and Change of name of Company to B-Right RealEstate Limited.