Omaxe Ltd is a prominent real estate development company in India, engaged in the business of developing properties for residential, commercial, and retail purposes. The company was initially incorporated as Omaxe Construction Private Limited on March 8, 1989, promoted by Rohtas Goel to undertake construction and contracting business. It became a Public Limited Company in 1999, changing its name to Omaxe Construction Limited, and was subsequently renamed Omaxe Limited on June 6, 2006.
Omaxe has diversified its presence across 27 cities in 8 states, including Delhi NCR, Haryana, Madhya Pradesh, Punjab, Rajasthan, and Uttar Pradesh. Its product portfolio spans residential projects, integrated and hi-tech townships, and office and commercial projects, including malls. The company caters to a wide spectrum of homebuyers, from High Net Worth Individuals (HNIs) to middle and lower-income groups and NRIs. Omaxe was the first construction company in northern India to receive an ISO 9001:2000 certification.
Since its inception, Omaxe has delivered significant developed areas across various project categories. As of the end of FY 2022-23, the company had delivered approximately 132 million square feet (12.26 million square meters). This includes 84.8 million square feet in real estate and 31.8 million square feet in construction contracting.
During FY 2021-22, Omaxe delivered 2.75 million square feet, with projects located in cities such as Chandigarh, Lucknow, Faridabad, Ludhiana, and Vrindavan. In FY 2018-19, the company sold 3.55 million square feet of space worth Rs 872 crore, with major contributions from new bookings in New Chandigarh, Lucknow, and Faridabad.
Omaxe has a market capitalization of Rs 1,870 crore as of recent data, though the company has faced financial challenges. The company achieved its highest quarterly net sales in five quarters at Rs 541.26 crore for the quarter ending March 2025, with revenue for March 2025 reported at Rs 553.03 crore, representing an 84.1% growth compared to December 2024 revenue of Rs 300.39 crore.
Despite revenue growth, the company continues to face profitability challenges. The net profit for Omaxe Ltd for March 2025 was Rs -148 crore, compared to a net profit of Rs -150 crore in December 2024. On a consolidated basis, Omaxe Ltd reported a loss of Rs -150.28 crore on a total income of Rs 300.39 crore for the quarter ended 2024. For the full year ended 2024, the company posted a loss of Rs -406.14 crore on a total income of Rs 1,614.32 crore.
- Market Cap: ₹1,870 Crore (as of recent data; down -21.6% in 1 year)
- Revenue (FY2024-25, estimate/last available FY): ₹1,561 Crore
- Profit (FY2024-25, estimate/last available FY): ₹-685 Crore
- Return on Equity (last 3 years): -75.7%
- Promoter Holding: 74.1% (as of March 2025)
- Q4 FY2024-25 Performance: Net Sales of ₹541.26 Crore, Revenue of ₹553.03 Crore, Net Profit of ₹-148 Crore
- Q3 FY2024-25 Performance: Revenue of ₹300.39 Crore, Net Profit of ₹-150 Crore
Omaxe has been actively expanding its project portfolio with significant investments in new developments. The company launched a new brand, "BeTogether," focusing on collaborative real estate projects, joint ventures, and Public-Private Partnerships (PPPs). Current "BeTogether" projects entail a total investment exceeding Rs 2,800 crore, including partnerships with the Uttar Pradesh State Road Transport Corporation (UPSRTC) to upgrade bus terminals in key cities like Lucknow, Ghaziabad, Kaushambi, Ayodhya, Amausi, and Prayagraj.
Key project investments include:
- The Omaxe State, Dwarka, Delhi: An investment of Rs 2,500 crore to develop a 50-acre commercial-cum-sports complex, featuring a cricket-cum-football stadium. This project is a PPP with the Delhi Development Authority (DDA).
- Indore Township: Plans to invest Rs 1,200 crore in a 450-acre large-scale township along the city's Super Corridor, projected to generate around Rs 2,500 crore in revenue over three years.
- Faridabad Commercial Projects: Investment of Rs 400 crore to develop two new commercial projects in Faridabad, Haryana, as part of its 120-acre mixed-use development named 'World Street by Omaxe,' with completion expected by 2029.
Omaxe has received several industry recognitions, underscoring its commitment to quality and innovation. Awards include:
- Oh!Max Theme Park: Winner for new attraction introduced in 2017.
- Omaxe City-1: Awarded Best Township.
- Omaxe New Chandigarh: Developer of the Year - Township - Non Metro.
- The Lake, Omaxe New Chandigarh: Residential Project of the Year at the 11th Realty+ Excellence Awards 2019.
- Omaxe Chowk, Chandni Chowk: Innovative Project of the Year and The City Icon Award 2020 for Excellence in Architecture.
The company continues to focus on expanding its presence in Tier-II cities while maintaining its strong position in established markets, despite facing ongoing financial challenges that require careful monitoring by investors.
