What we do Marathon Nextgen Realty Limited is a real estate developer focused on commercial, residential, affordable housing, and township projects primarily in Mumbai Metropolitan Region. |
Founded in 1,978 |
Market share Leader in Mumbai real estate with over 55 years experience, delivering 100+ projects and 15,000+ homes, owning 4 million sq.ft. land under development. |
Problem solved Addresses urban housing demand including affordable, luxury, commercial spaces, and large townships for growing Mumbai population. |
Top clients or who we serve Serves end-consumers and investors in residential, commercial, and township segments; B2C primarily with real estate buyers and tenants. |
Key management Leadership includes Chairman Chetan R. Shah (IIT Bombay alumnus) and a team with global education from IIT, UC San Diego, Yale, Columbia. |
Our journey and innovations Evolved from textile mills since 1978 to a diversified real estate platform with strategic mergers, large land acquisitions and in-house design, engineering and marketing. |
Where we operate Mumbai Metropolitan Region including Panvel, Byculla, Lower Parel, Bhandup, Mulund, Dombivli. |
Top products or what we offer Flagship projects include Monte South (luxury residential and commercial), Nexzone (township), Futurex (commercial), NeoHomes (affordable residential). |
Top brands Monte South - luxury and commercial; Nexzone - township; NeoHomes - affordable urban homes; Futurex - commercial spaces; Millennium - commercial. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly cyclical from property development sales; lease rentals provide recurring income. |
Our industry position Established player with diversified portfolio and strong land bank in key Mumbai micro markets; strong pipeline supports growth. |
Financial highlights FY25 consolidated revenue ~Rs 676 Cr, PAT ~Rs 162 Cr; standalone revenue ~Rs 352 Cr, PAT ~Rs 136 Cr; recent ₹900 Cr QIP raised for growth/debt reduction. |
Geographical revenue split Primarily Mumbai region; no further geographical revenue detail disclosed. |
Order book - |
Whats driving growth Strong urban housing demand, strategic land acquisitions, project launches, QIP funding, and infrastructure developments around Mumbai drive growth. |
Our future plans Amalgamation schemes to streamline structure; new project launches in Panvel, Byculla; expanding land holdings in Bhandup; accelerating construction progress. |
Our green promise - |
Our people and values In-house expertise in design, engineering, marketing, sales; focus on quality, innovation, and CSR activities. |
Key challenges ahead Market cyclicality, regulatory approvals, project execution risks, competition in Mumbai real estate market. |
Interesting facts Converted 26+ acre Panvel leasehold to freehold; offers urban affordable homes; 10,000+ families housed; strong brand legacy. |
Risks and strategy Risks from market fluctuations, operational risks mitigated by diversified portfolio and strong financial flexibility. |
