What we do Mac Charles (India) Ltd operates in electricity generation via wind turbines and commercial real estate development, including office rental and property leasing. |
Founded in 1,979 |
Market share A niche player in wind energy and commercial real estate sectors in India, leveraging strategic asset locations. |
Problem solved Provides renewable energy reducing carbon footprint and develops quality commercial office space addressing growing CBD Bangalore demand. |
Top clients or who we serve B2B clientele including utilities and corporate tenants in commercial real estate. |
Key management Harish Kumar Anand (Whole-Time Director) with experienced board comprising independent and executive directors. |
Our journey and innovations Started as a hotel company in 1979, diversified into wind power generation and real estate development by 2024. |
Where we operate Primarily India, with wind farms in Gadag and Bellary districts and real estate ventures in Bangalore CBD. |
Top products or what we offer Wind electricity generation, commercial office space rental, and property development services. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from recurring income streams like electricity sales and office rentals. |
Our industry position Emerging player in wind energy and niche commercial real estate markets, leveraging renewable energy assets and prime real estate. |
Financial highlights FY 2024-25 revenue of INR 731 million; net loss INR 591 million due to high finance costs; revenue growth from INR 520 million prior year. |
Geographical revenue split India-centric operations with revenues from wind energy and real estate sectors. |
Order book - |
Whats driving growth Diversification into real estate development and steady growth in wind power generation support future revenue expansion. |
Our future plans Construction of landmark commercial building at erstwhile Le Meridien hotel site, targeting high returns in Bangalore's CBD. |
Our green promise Generated over 16.6 million units of green power in FY 2024-25, supporting renewable energy initiatives. |
Our people and values Employs 35 employees, promotes board diversity including women directors, and follows strong corporate governance policies. |
Key challenges ahead High finance costs, past operational losses, and need for hotel property refurbishment pose challenges. |
Interesting facts Started as a hotel operator with Holiday Inn collaboration in 1986; invested in Starwood's Le Meridien and diversified into wind power and real estate. |
Risks and strategy Mitigates financial risks with policy updates; focuses on leveraging real estate development and renewable energy for growth. |
