Mahindra Lifespaces

Mahindra Lifespace Developers Ltd. is an Indian real estate and infrastructure development company headquartered in Mumbai, India. The company was founded in 1994 and is part of the Mahindra Group.^[2] The company focuses on residential developments^[3] and integrated cities and industrial clusters^[4] across various locations in India including Mumbai, Pune, Nagpur, Ahmedabad, Delhi NCR, Jaipur, Hyderabad, Chennai, and Bengaluru.^[2][5]

Mahindra Lifespace Developers Limited

Company type	Public
Traded as	BSE: 532313, NSE: MAHLIFE
Founded	1994[1]
Headquarters	Mumbai , India
Key people	Amit Kumar Sinha (MD & CEO) Arun Nanda (Chairman)
Revenue	₹659 crore (US$78 million) (2023)
Operating income	₹−110 crore (US$−13 million)(2023)
Net income	₹101 crore (US$12 million) (2023)
Total assets	₹3,610 crore (US$430 million) (2023)
Total equity	₹1,805 crore (US$210 million) (2023)
Number of employees	300+ (2021)
Parent	Mahindra & Mahindra
Website	mahindralifespaces.com

History

GESCO Corporation Limited was incorporated as a Private Limited Company on 16 March 1999 which was converted to a Public Limited Company on 18 August 1999. GESCO was originally the real estate division of Great Eastern Shipping and was spun off into an independent company in April 1999. In 2001, GESCO Corporation and Mahindra Realty & Infrastructure Developers Ltd (MRIDL) demerged the realty and infrastructure divisions of MRIDL and merged it into GESCO.^[6] In 2007, the Company name was changed from Mahindra GESCO Developers Limited to Mahindra Lifespace Developers Ltd. (MLDL)^[7]

Awards and recognition

2016: Porter Prize For Excellence In Governance by India's National Competitiveness Forum (NCF)^[8]

Initiatives

The Mahindra Teri Centre of Excellence

The Mahindra Teri Centre of Excellence was developed to reduce the footprint of the real estate industry and to influence the real estate industry and its value chain to move towards innovative and sustainable development.^[9][10]

Sustainable Leadership Housing Coalition

MLDL is one of the founding members of the Sustainable Housing Leadership Consortium (SHLC), a private sector-led consortium founded in 2016.^[11]

Mahindra World City Jaipur

MWC Jaipur is a joint venture between Mahindra Lifespace Developers Ltd (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO). In 2015, MWCJ became the first project in Asia to receive Stage 2 Climate Positive Development certification from the C40 Cities Climate Leadership Group (C40).^[12]