What we do Manraj Housing Finance Ltd was initially a housing finance provider, now focused on construction and real estate amidst a challenging market environment. |
Founded in 1,990 |
Market share Operations have significantly declined due to adverse real estate market conditions and industry slowdown. |
Problem solved Aiming to address real estate construction demands, recovering from prior finance business discontinuation. |
Top clients or who we serve Primarily serves real estate market stakeholders; specific client details are undisclosed. |
Key management - |
Our journey and innovations Shifted from housing finance to construction; currently undergoing market challenges and regulatory scrutiny related to related-party advances. |
Where we operate India, with focus in Jalgaon region. |
Top products or what we offer Real estate construction services and property development projects, though currently inactive. |
Top brands - |
Raw materials needed Construction materials typical for real estate development, specifics not disclosed. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue and operations are cyclical and currently minimal due to halted business activities. |
Our industry position Company is in distress with negligible market presence currently and negative net worth. |
Financial highlights No revenue in FY 2024-25; profit of Rs 3.36 million due to other income; prior years showed losses and negative net worth. |
Geographical revenue split - |
Order book - |
Whats driving growth Optimism to restart real estate projects; current growth prospects limited by market and regulatory challenges. |
Our future plans Management plans to resume real estate operations when market conditions improve. |
Our green promise - |
Our people and values Maintains regular employees focused on corporate compliance; limited operational workforce. |
Key challenges ahead Financial distress, regulatory investigations, asset attachment, and market competition impede growth. |
Interesting facts Over 99% assets are advances to related parties under investigation by Enforcement Directorate. |
Risks and strategy Facing legal and financial risks; strategy centers on regulatory cooperation and business resumption. |
