What we do National Standard (India) Ltd specializes in real estate development, with a history in tyre bead-wire manufacturing and exports. |
Founded in 1,962 |
Market share A recognized real estate developer in Thane, subsidiary of Macrotech Developers Limited. |
Problem solved Provides quality residential and commercial real estate projects, addressing urban housing and office space needs. |
Top clients or who we serve Serves homebuyers and commercial clients primarily in Thane and Mumbai; operates in B2C and B2B segments. |
Key management Mr. Darshan Multani (CEO), Mr. Rameshchandra Chechani (CFO), Ms. Sheetal Hambarde (Company Secretary) |
Our journey and innovations Established in 1962; transitioned from wire manufacturing to real estate post-2010; completed flagship projects like Lodha Excellencia and Supremus. |
Where we operate Primarily in Thane, Mumbai Metropolitan Region, India. |
Top products or what we offer Residential towers and commercial office spaces under flagship projects like Lodha Excellencia, Supremus IV, and Lodha Grandezza. |
Top brands Lodha Excellencia, Lodha Supremus, Supremus IV, Lodha Grandezza - known for quality and premium urban developments. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Primarily cyclical, dependent on real estate inventory sales post project completion. |
Our industry position Established player in Thane's real estate domain; subsidiary of a prominent developer, strengthening market position. |
Financial highlights FY 2023-24 Revenue Rs 21.37 Cr, Net Profit Rs 14.74 Cr, showing significant year-over-year growth. |
Geographical revenue split - |
Order book - |
Whats driving growth Completion and sale of remaining real estate inventory; growing urban demand in Thane; backing by Macrotech Developers. |
Our future plans No new projects currently envisaged; focus on inventory sales and consolidation. |
Our green promise Committed to optimizing energy usage though not energy intensive; sustainability practices aligned with corporate standards. |
Our people and values Operates with deputed key personnel from holding company; emphasizes governance and compliance. |
Key challenges ahead No ongoing projects limits growth; real estate cyclicality; competition in urban development. |
Interesting facts Transitioned successfully from wire manufacturing to real estate over decades; subsidiary of Macrotech Developers since 2022. |
Risks and strategy Mitigates business risk via strong governance, risk management policies; no active projects pose revenue risks. |
