What we do Narendra Properties Ltd is a Chennai-based real estate company specializing in residential and commercial property development with over 3 million sq.ft constructed. |
Founded in 1,995 |
Market share Established local player with significant presence in Chennai's real estate market. |
Problem solved Provides quality residential and commercial properties meeting urban housing and workspace needs in Chennai. |
Top clients or who we serve Serves end consumers and commercial clients mainly in Chennai and suburbs, focusing on B2C and selective B2B projects. |
Key management Mr. Mahendra K Maher (Chairman), Mr. Chirag N Maher (Managing Director & CEO), Mr. Jitesh D Maher (CFO). |
Our journey and innovations Over 40 years of experience developing 3M+ sq.ft; launched luxury projects like 'Grand Melody' and multiple residential complexes. |
Where we operate Operating primarily in Chennai and surrounding suburbs. |
Top products or what we offer Residential flats, luxury apartments, commercial complexes including projects like NPL Redmond Square and NPL Devi. |
Top brands NPL Anjli, NPL Redmond Square, Grand Melody, NPL Devi, NPL Mangalram, NPL Agastya, NPL Manor. |
Raw materials needed Construction materials such as cement, steel, and labor are essential inputs. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely cyclical, dependent on real estate market demand and project completions. |
Our industry position Key regional developer with strong foothold in Chennai's residential segment but exposed to market fluctuations. |
Financial highlights FY 2024-25 revenue ₹73.6 crore with net profit ₹9.2 crore; recent year saw profit decline due to market conditions. |
Geographical revenue split Revenues entirely from projects within Chennai region. |
Order book Order book includes ongoing residential projects worth ₹14.15 crore as inventories. |
Whats driving growth Focused on completing existing projects; growth reliant on Chennai luxury real estate demand. |
Our future plans Execution of current projects; future launches depend on market demand trends. |
Our green promise No explicit sustainability initiatives disclosed. |
Our people and values Experienced technical and administrative team with good employee relations. |
Key challenges ahead Market demand volatility and premium segment fluctuations pose risks. |
Interesting facts Built over 3 million sq.ft of property; operates primarily in Chennai city for over four decades. |
Risks and strategy Main risks include market downturns; mitigation through prudent project management and focus on execution. |
