D B Realty incorporated as a public limited company under the Indian Companies Act, 1956 on January 8, 2007 and received Certificate for Commencement of business on February 28, 2007. It was converted to a private company and the company's name was changed to D B Realty Private Limited, pursuant to a shareholders resolution dated May 14, 2007 and received a fresh Certificate of Incorporation on July 9, 2007. Subsequently, the company was converted to a public company and the name was changed to D B Realty Limited, pursuant to a shareholders resolution dated September 5, 2009 and received a fresh Certificate of Incorporation on September 23, 2009.

It is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai. As of December 31, 2009, the company has eleven ongoing projects, aggregating approximately 19.51 million sq. ft. of saleable area, eight forthcoming projects, aggregating approximately 19.28 million sq. ft. of saleable area and six upcoming projects, aggregating approximately 22.24 million sq. ft. of saleable area. They are jointly promoted by Vinod K. Goenka and Shahid U. Balwa, whose families have been in the real estate and related businesses for more than 25 years and 95 years, respectively.

The company’s residential portfolio currently covers projects catering to customers across all income groups. In their commercial portfolio, they build and sell customized office space as per the requirements of buyers. Their retail portfolio includes development of shops in selected locations. Their other projects currently include (a) development of mass housing for the Mumbai local authority and generating transferable development rights, which are to develop additional built-up area in parts of Mumbai, generally north of the relevant development, and (b) cluster redevelopment of old and dilapidated structures in Mumbai, which grants us additional floor space indices.

While conceptualizing a project, they rely on a research-based approach for layout planning, FSI utilization, unit size, fittings and interiors, and determining sales and marketing strategy. Depending on the level of competition, regulatory practices and consumer preferences, they alter their development mix and product design to ensure that their products cater to customer requirements.

As of December 31, 2009, their promoters and promoter group companies have collectively developed approximately 15.90 million sq. ft. of real estate development, which includes 15.26 million sq. ft. of residential developable area, 0.37 million sq. ft. of commercial and retail developable area and 0.27 million sq. ft. of hospitality developable area.

In September 2010, the company has acquired 100% stake in L&T Bombay Developers (LTBDPL), a special purpose vehicle (SPV) formed by L&T Urban Infrastructure (LTUIL) and Bombay Dyeing and Manufacturing Company (BDMC) for redevelopment of Middle Income Group,  MIG Colony, situated at Bandra (East), Mumbai.

Milestones

• March, 2007: Consolidation of all FDI compliant projects of the group under the company

• April, 2007: Investment by IL&FS Trust Company, IL&FS Realty Fund LLC, Bollywood Mauritius Holdings and Trinity Capital (Eleven) in 8,10,000 compulsorily convertible preference shares and 8,10,000 equity shares, at Rs 4,000 each, aggregating to Rs 6,480 million

• December 2008: Received Certificate of ISO 9001:2008 certifying the quality management system of the company

• March 2009: Investment, by way of subscription to 9,37,500 compulsory convertible debentures by Walkinson Investments for an aggregate amount of Rs 5,250 million

• September 2009: Conversion of an aggregate of 8,10,000 convertible preference shares into 8,10,000 equity shares by IL&FS Trust Company, IIRF Holdings VI, Bollywood Mauritius Holdings and Trinity Capital (Eleven)

• September 2009: Conversion of an aggregate of 937,500 compulsory convertible debentures into 937,500 equity shares by Walkinson Investments

Subsidiaries

• D B Properties Private Limited

D B Properties Private Limited incorporated as a private limited company on January 8, 2007 under the Indian Companies Act, 1956. The company is engaged in the business of real estate development and construction. DB Properties became a subsidiary company, with effect from September 30, 2008 when 10,000 equity shares were acquired, aggregating to 100% of the paid-up capital of DB Properties.

• Esteem Properties Private Limited

Esteem Properties Private Limited incorporated as a private limited company on March 21, 1995 under the Indian Companies Act, 1956. The company is engaged in the business of property development. EPPL became a subsidiary company, with effect from September 21, 2007 when 750 equity shares were acquired, aggregating to 75% of the paid-up capital of EPPL.

• Gokuldham Real Estate Development Company Private Limited

Gokuldham Real Estate Development Company Private Limited incorporated as a private limited company on February 13, 2004 under the Indian Companies Act, 1956. The company is engaged in the business of real estate development and construction.

• Neelkamal Realtors Tower Private Limited

Neelkamal Realtors Tower Private Limited incorporated as Neelkamal Sumer Realtors Tower Private Limited on December 26, 2005 as private limited company under the Indian Companies Act, 1956. The company's name was changed to Neelkamal Realtors Tower Private Limited and a fresh Certificate of Incorporation was issued on April 5, 2007. It is engaged in the business of construction.

• Neelkamal Realtors Suburban Private Limited

Neelkamal Realtors Suburban Private Limited incorporated as a private limited company on July 5, 2005 under the Indian Companies Act, 1956. It is engaged in the business of real estate development and construction.

• Neelkamal Shantinagar Properties Private Limited

Neelkamal Shantinagar Properties Private Limited incorporated as Neelkamal Marine Drive Properties Private Limited as a private limited company on August 5, 2005 under the Indian Companies Act, 1956. The company's name was changed to Neelkamal Shantinagar Properties Private Limited and a fresh Certificate of Incorporation was issued on June 26, 2006. The company is engaged in the business of real estate development and construction.

• Real Gem Buildtech Private Limited

Real Gem Buildtech Private Limited incorporated as a private limited company on July 3, 2009 under the Indian Companies Act, 1956. The company is engaged in the business of real estate and construction. RGBPL became a subsidiary company, with effect from August 31, 2009 when 8,500 equity shares were acquired, aggregating to 85% of the paid up capital of EPPL.

• Saifee Bucket Factory Private Limited

Saifee Bucket Factory Private Limited incorporated as a private limited company on September 17, 1960 under the Indian Companies Act, 1956. The company is engaged in the business of construction and real estate. SBPL became a subsidiary of company, with effect from September 23, 2009 when 248 equity shares were acquired, aggregating to 100% of the paid up capital of SBPL.

• D B Man Realty Limited

D B Man Realty Limited incorporated as a private limited company in the name of D B Hi-Class Construction Private Limited on August 22, 2008 under the Indian Companies Act, 1956. The company's name was changed from DB Hi-Class Constructions Private Limited to D B Man Realty Private Limited with effect from October 23, 2009. Subsequently, the company has been converted into a public company and the name has been changed to D B Man Realty Limited, pursuant to a shareholders resolution dated November 30, 2009. The company is engaged in the business of real estate development and construction. DBMRL became a subsidiary company, with effect from September 17, 2009 when 5,100 equity shares were acquired, aggregating to 51% of the paid-up capital of DBMRL.

• Priya Constructions Private Limited

Priya Constructions Private Limited incorporated on March 10, 1986 under the Indian Companies Act, 1956. It is engaged in the business of real estate development and construction. PCPL became a subsidiary company on September 25, 2009 when it acquired 6,600 shares of PCPL, aggregating to 66%.

Group companies

• Aassma Realtors Private Limited• Aniline Construction Company Private Limited• Aniline Real Estate Developers Private Limited• Associated Hotels Private Limited• Ashtlakshmi Financial and Investment Services Private Limited• Azure Tree Township Private Limited• BD&P Hotels (India) Private Limited• Consort Hotels Private Limited• Conwood Chemical Industries Private Limited• Conwood Construction & Developers Private Limited• Conwood Agencies Private Limited• Conwood Pre-Fab Limited• The Cresent Iron & Steel Corporation Limited• Crossway Realtors Private Limited• Crystal Granite and Marbles Private Limited• D B Airport Infra Private Limited• D B Hospitality Private Limited• D B Hospitality Limited, Mauritius• D B Projects Private Limited• D B Contractors & Builders Private Limited• D B Hi-Sky Constructions Private Limited• D B Modern BuildTech Private Limited• D B Telewimax Private Limited• Densewood Private Limited• Drive Developers Private Limited• Dynamix Balwas Limited, Dubai• Dynamix Balwas Infrastructure Private Limited• Dynamix Balwas Resorts Private Limited• Dynamix Balwas Telecom Private Limited• Dynamix Balwas Entertainment Services Private Limited• Dynamix Building Material Private Limited• Dynamix Clubs and Resorts Private Limited• Dynamix-Man Pre-Fab Limited• Dynamix Securities and Holding Private Limited• Earthen Agro & Infrastructure Private Limited• Eon Aviation Private Limited• Eterna Realty Private Limited• Etisalat DB Telecom Private Limited• Eversmile Construction Company Private Limited• Eversmile Properties Private Limited• Excon Developers Private Limited• Face Inn Hotels Private Limited• Fair Brothers Securities Private Limited• Falgun Consultants Private Limited• Goan Hotels & Clubs Private Limited• Goan Real Estate and Construction Private Limited• Heaven Star Realty Private Limited• Heritage Mining Company Private Limited• Hillside Construction Company Private Limited• Hiracon Properties Private Limited• Kalpataru Plaza Private Limited• Khairun Developers Private Limited• M. J. Estates Private Limited• M.K. Malls & Developers Private Limited• Maldunge Farming and Agro Produce Private Limited• Maldunge Retreat & Farming Private Limited• Milan Theatres Private Limited• Modren Hi-Tech Developers Private Limited• Neelkamal Central Appartment Private Limited• Neelkamal City Shopping Mall India Limited• Neelkamal Realtors and Builders Private Limited• Neelkamal Realtors and Hotels Private Limited• Nihar Constructions Private Limited• Nine Paradise Hotels Private Limited• P G Developers Private Limited• Pushpa Properties Private Limited• Sangam City Township Private Limited• Schon Farms Private Limited• Sahapur Plantation & Orchards Private Limited• Siddharth Consultancy Services Private Limited• Siddhivinayak Realties Private Limited• Sigatu Chemicals Private Limited• SLS Energy Private Limited• Span Construction Company Private Limited• Srishti Club House Private Limited• Swan Connect Communication Private Limited• Swan Infrastructure Finance Private Limited• Tiger Telecom Limited• Tiger Trustees Private Limited• Trident Estate Private Limited• V.S. Erectors & Builders Private Limited• Y J Realty Private Limited

Partnership firms

• Conwood Associates

• K.G. Enterprises

• Panchsheel Developers