September 30, 2016 7:54 AM ET

Real Estate Management and Development

Company Overview of Emaar MGF Land Limited

Company Overview

Emaar MGF Land Limited is a real estate company that develops properties across residential, commercial, retail, and hospitality sectors in Northern India. Its operations encompass various aspects of real estate development, such as land identification and acquisition, project planning, designing, marketing, and execution. The company also provides property management services. Emaar MGF Land Limited was incorporated in 2005 and is based in New Delhi, India with operations in the Middle East, North Africa, Asia, and Europe.

ECE House

1st Floor

28 Kasturba Gandhi Marg

New Delhi,  110001

India

Founded in 2005

538 Employees

Phone:

91 11 4152 1155

Fax:

91 11 4152 4619

Key Executives for Emaar MGF Land Limited

Chief Executive Officer
Age: 58
Chief Financial Officer
Age: 50
Chief Executive Officer of Hospitality
Age: 57
Chief Executive Officer of Eastern Region
Age: 56
Executive President of North Operations
Age: 51
Compensation as of Fiscal Year 2016.

Emaar MGF Land Limited Key Developments

Emaar Properties To Reportedly Raise Stake In Emaar MGF Land

Emaar Properties PJSC (DFM:EMAAR) intends to infuse fresh equity capital in Emaar MGF Land Limited in order to raise its controlling stake in the company to more than 74%, said two people familiar with the matter. Emaar Properties holds 50% stake in Emaar MGF Land. The people stated that the stake increase will happen over a period of times once the separation process is complete.

Shravan Gupta Resigns from Emaar MGF Land Ltd. as Executive Vice Chairman and Managing Director

Shravan Gupta has resigned as executive vice chairman and managing director of Emaar MGF Land Ltd.

Emaar MGF Land Limited Reports Unaudited Standalone Earnings Results for the Half Year Ended March 31, 2016 and Audited Standalone Earnings Results for the Year Ended March 31, 2016

Emaar MGF Land Limited reported unaudited standalone earnings results for the half year ended March 31, 2016 and audited standalone earnings results for the year ended March 31, 2016. For the half year, the company reported total income of INR 2,023.73 million compared to INR 9,047.21 million a year ago. Loss from operations before other income and finance costs was INR 1,385.79 million compared to profit from operations before other income and finance costs of INR 1,182.59 million a year ago. Loss from ordinary activities before tax was INR 3,564.59 million compared to INR 1,328.14 million a year ago. Net loss was INR 3,564.59 million or INR 3.91 per basic and diluted share compared to INR 1,527.85 million or INR 1.67 per basic and diluted share a year ago. For the full year, the company reported total income of INR 7,398.02 million compared to INR 13,891.69 million a year ago. Profit from operations before other income and finance costs was INR 20.83 million compared to INR 1,362.23 million a year ago. Loss from ordinary activities before tax was INR 4,712.07 million compared to INR 3,976.69 million a year ago. Net loss was INR 4,712.07 million or INR 5.16 per basic and diluted share compared to INR 3,976.69 million or INR 4.36 per basic and diluted share a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 17, 2016
Emaar MGF Land, Construction and Development Business
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Emaar MGF Land Limited, please visit www.emaarmgf.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.