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August 03, 2015 7:28 AM ET

Internet Software and Services

Company Overview of Locon Solutions Pvt. Ltd.

Company Overview

Locon Solutions Pvt. Ltd. operates an online real estate platform. It offers Housing.com that provides home-seekers and home-owners with listings of properties for sale or rent, as well as PGs and hostels. The company was incorporated in 2012 and is based in Mumbai, India.

3rd Floor, A Wing

Supreme Business Park Kensington Rear Exit Road

Hiranandani Gardens

Powai

Mumbai,  400076

India

Founded in 2012

Phone:

91 22 6464 1077

Key Executives for Locon Solutions Pvt. Ltd.

Co-Founder
Chief Business Officer
Compensation as of Fiscal Year 2015.

Locon Solutions Pvt. Ltd. Key Developments

Locon Solutions Denies Being Up For Sale

When asked about media reports that Locon Solutions Pvt. Ltd. is up for sale, Yadav, who has been in news for his "flippant" ways of managing the company, denied any such plans. "There is nothing going on between us and Quikr. There are no talks about any sale," he said.

Housing.com Mulls Acquisitions

Locon Solutions Pvt. Ltd. is looking at some acquisitions to spread its foothold across segments. We are on an expansion mode and have no plans to sell our business. We are looking at two acquisitions in the near future, one will be in society management and another from builders'' side. We are finalizing the plans," Housing.com Chief Executive Rahul Yadav told PTI without disclosing further details.

Quikr Reportedly In Talks To Buy Housing.Com In Cash And Stock Deal Estimated At INR 11 Billion

Quikr India Private Limited is reportedly in talks to buy Locon Solutions Pvt. Ltd. in cash and stock deal estimated at INR 11 billion. According to three people directly aware of the development, the cash and stock deal could be struck at up to INR 1100 billion ($175 million) depending on the stock-cash split. The details are being worked out. "There have been talks (with Quikr), but there are other things to get sorted out first," said one of the sources.

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Type
Date
Target
Merger/Acquisition
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Merger/Acquisition
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November 18, 2014
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