What we do Lancor Holdings Limited is a Chennai-based real estate developer specializing in residential and commercial property development and leasing. |
Founded in 1,985 |
Market share A recognized player in the Chennai real estate market with multiple landmark projects and growing presence. |
Problem solved Provides quality residential and commercial spaces addressing urban housing and commercial infrastructure needs. |
Top clients or who we serve Serving home buyers, commercial tenants, and landowners for joint development; B2C and B2B segments. |
Key management Mr. R V Shekar, Managing Director with long-standing leadership since 1994. |
Our journey and innovations Established 1985; consolidated subsidiaries through mergers; launched projects like Abode Valley and Central Park phases; recent senior citizen enclave 'Harmonia' introduced. |
Where we operate Primarily Chennai and its suburbs including Guduvanchery, Sriperumbudur. |
Top products or what we offer Residential apartments, villas, commercial spaces; projects include Infinys, TCP Altura, Lumina, Town & Country. |
Top brands Lancor Infinys - flagship large apartment project; Harmonia - senior citizen enclaves; Central Park series - major residential developments. |
Raw materials needed Construction materials: cement, steel, bricks, finishing materials sourced locally. |
Raw materials supplier Local suppliers and contractors in Tamil Nadu region. |
Recurring vs cyclical contribution Revenue largely cyclical tied to project launches, sales, and leasing activities. |
Our industry position Well-established regional developer with steady revenue growth and project execution capabilities. |
Financial highlights FY24 revenue approximately Rs 138 crore; profit after tax Rs 6.76 crore; revenue grew nearly 20% YoY. |
Geographical revenue split Revenue concentrated in Chennai metropolitan area and adjoining suburbs. |
Order book - |
Whats driving growth New project launches, joint development deals, completed handovers, and stable demand in Chennai real estate. |
Our future plans Complete ongoing projects, expand senior citizen housing, pursue joint development opportunities in city. |
Our green promise - |
Our people and values 105 employees including 14 women; culture emphasizes compliance, governance, and ethical business. |
Key challenges ahead Regulatory approvals, market competition, and resolution of ongoing property litigation risks. |
Interesting facts Completed over 720 apartments in Abode Valley; listed on NSE from March 2024; first ESOP scheme issued in 2024. |
Risks and strategy Litigation on key properties ongoing; mitigating through legal actions and diversifying project portfolio. |
