What we do Skyline Millars Ltd manufactures precast concrete products and operates in real estate development, primarily serving construction infrastructure and property sectors in India. |
Founded in 1,919 |
Market share A trusted name in construction site precast concrete pipes with BIS licensing, and an active real estate developer with a key property at Ghatkopar. |
Problem solved Provides durable, water-tight precast concrete solutions and seeks to unlock value from stalled real estate projects to address infrastructure and housing needs. |
Top clients or who we serve Construction contractors and real estate buyers, primarily B2B in construction equipment and building materials, B2C for real estate. |
Key management - |
Our journey and innovations Founded in 1919, shifted manufacturing from Mumbai to Gujarat post-BIFR rehabilitation; launched Watertight Perfect Manhole system; ongoing Ghatkopar real estate project. |
Where we operate Operations and manufacturing in Gujarat; real estate project in Mumbai; markets primarily in India. |
Top products or what we offer Precast concrete pipes and manholes, construction equipment, and real estate development projects. |
Top brands Millars Perfect Manhole System - high quality, water-tight infrastructure component; licensed BIS products with strong market acceptance. |
Raw materials needed Concrete, steel reinforcement, elastomeric gaskets for manhole systems. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from real estate development (project-based) and precast products, with cyclical fluctuations. |
Our industry position Well-regarded niche player in precast concrete; emerging real estate developer awaiting regulatory clearance. |
Financial highlights FY 2024-25 revenue Rs. 2.13 crore; loss before tax Rs. (0.26) crore; improving from prior years. |
Geographical revenue split Majority of revenue from India, especially Maharashtra and Gujarat. |
Order book - |
Whats driving growth Real estate project sales and renewed construction activity in precast concrete. |
Our future plans Awaiting Ghatkopar project approval to drive real estate growth; optimize manufacturing at Gujarat plant. |
Our green promise - |
Our people and values Management focuses on ethical governance, with a board comprising independent and executive directors. |
Key challenges ahead Regulatory delays affecting Ghatkopar project and market competition in construction materials. |
Interesting facts Company was declared sick but successfully rehabilitated and exited BIFR in 2006. |
Risks and strategy Mitigating project approval risks via legal appeals; diversifying offerings in precast concrete solutions. |
