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MICL Group – A legacy of over 5 decades delivering world-class infrastructure and real estate projects

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Bombay, October 6:MICL Group, a pioneer in real estate and infrastructure development based in Mumbai, has established itself as the leader in innovation, rapid delivery and the promotion of excellence. Founded in 1964, the group began its journey with industrial contract projects including India’s first private international port – Nhava Sheva International Container Terminal at Jawaharlal Nehru Port Terminal for DP World – at Navi Mumbai in 1997 and has since carried out several infrastructure projects such as Port of Mundra, Port of Chennai, Port of Vallarpadam and Port of Pipavav. MICL Group continues to work with multinationals such as PSA, Godrej, DP World, Adani and Tata Housing. As the premier name in the infrastructure industry with over 18 million square feet. of construction in progress, the MICL Group over the last decade has also devoted its expertise and its pursuit of excellence to real estate development.

MICL Group successfully entered the capital market with listings on both NSE and BSE in 2010 with an oversubscribed IPO, worth Cr 141.76. Currently, the holding company is debt-free with a consolidated net worth of Rs. 860 crores as of March 2022 and a proven track record of strong profitability. With its expertise in real estate, MICL Group ventured into real estate development in 2012 with its first residential development project “Aaradhya Tower” in Ghatkopar, Mumbai. Subsequently, the company has taken on numerous single towers and large multi-tower complexes and township projects in combination with redevelopment, acquisition of land parcels or through a revenue sharing model.

Subsequently, after the arrival of Mr. Manan Shah in 2013, the managing director of the company, the real estate sector has seen a meteoric rise and contributes more than 60% of the total turnover of the company. Under his leadership, the real estate giant has established itself as the “ownership specialist” by delivering projects on time and consistently committing to designing elevated lifestyles with the highest level of craftsmanship. to do and unparalleled service through trust and transparency. Additionally, Manan’s contributions have also been recognized with awards such as Maharashtra’s Pillar of Strength, 2022 (Maharashtra Bal Stambh Award) and Iconic Young Achiever, 2021 (Times of India).

Throughout all projects, MICL’s real estate division maintains its fervor to develop benchmarks that match global standards and make each project a masterpiece. With the aim of creating quintessential lifestyles through innovation and setting new benchmarks. The company has consistently delivered top-notch infrastructure experiences.

In order to provide the best in class experience to its customers, the company has invested in and continues to improve formwork systems such as MIVAN and STEN. Moreover, in the span of 10 years since entering the real estate industry, the MICL group in the real estate space has completed 11 projects ahead of time and positively impacted more than 2500 families. With ~4.5 million square feet. of the portfolio of ongoing real estate projects, each project is designed with well-thought-out holistic facilities and state-of-the-art equipment. A testament to its heritage, MICL Group has won numerous awards such as Best Brands, 2021 (Economic Times); Most Promising Delivery, 2019 (Reality Lion Awards) and many more.

In addition, MICL Group has also spread its wings in the demand-generating market of Miami, USA, through a strategic tie-up with local and reputable brand partners like Marriott Group.

About MICL Group:

Founded in 1964, the BSE and NSE listed MICL Group has cultivated a long heritage and industry leadership position with over 5 decades of experience, trust and holistic growth. The Group made its mark with a groundbreaking and one-of-a-kind international private port in India in 1997 and has since worked on numerous infrastructure projects across the country. The leading developer in India has made a foray into the residential and commercial property development space. The MICL Group embodies fast project delivery and strives to redefine the luxury lifestyle.