The company was incorporated as Man Construction Private Limited on August 16, 2002. The name was changed to “Man Construction Limited” on July 15, 2004, reflecting the change in the constitution of the company from a private limited company to a public limited company under the Companies Act, 1956. The name was further changed to “Man Infraconstruction Limited” on November 3, 2006 pursuant to a special resolution of the shareholders of the company at an extraordinary general meeting held on September 18, 2006 to reflect the change in the primary business focus of the company. The fresh certificate of incorporation consequent upon the change of name was granted on November 3, 2006 by the RoC.
The promoters of the company are Parag K. Shah and Mansi P. Shah, who along with the promoter group, hold 71.61% of the pre-issue share capital of the company. Pursuant to share subscription agreements dated August 14, 2008 and February 16, 2009, SA 1 Holding Infrastructure Company Private Limited, Standard Chartered Private Equity (Mauritius) II Limited and Standard Chartered Private Equity (Mauritius) III Limited hold 9.23%, 1.71% and 5.20%, respectively, of the equity share capital of the company
It is a construction company headquartered in Mumbai. It has undertaken projects in the six states including Maharashtra, Kerala, Gujarat, West Bengal, Goa and Tamil Nadu. It provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects. The company has executed significant onshore port infrastructure projects in the following ports in India: Jawaharlal Nehru Port Trust, Mundra Port, Chennai Port, Vallarpadam Port and Pipavav Port. Port infrastructure projects are complex and their execution generally requires strict adherence to exacting international quality standards and tight timelines.
In the residential sector, the company works with real estate developers in Mumbai and Pune in Maharashtra and is in the process of constructing a residential complex in the western suburbs of Mumbai with an aggregate area of 1.95 million square feet, a slum rehabilitation authority project in Mumbai consisting of the construction of a township aggregating 5.16 million square feet and the construction of 5,166 tenements at a mass housing project at Pune.
Business area:
The company provides construction services for the five sectors-
Port Infrastructure: In the port infrastructure sector, it provides the following services: (i) Construction of onshore container terminals, which consist of reclamation, soil consolidation, paving and operational services that include fire fighting systems, sewerage and drainage services; (ii) construction of container freight stations, which consist of the preparation of sub-base, paving and operational services that include fire fighting systems, sewerage and drainage services; (iii) repair and maintenance services at onshore container terminal; and (iv) construction of operational buildings and workshops.
Residential: In the residential sector, it provides the following services: (i) Construction of townships including the construction of infrastructural facilities and the construction of residential housing; and (ii) construction of high-rise buildings
Commercial: In the commercial sector, its services consist of the construction of structures such as shopping malls and multiplexes, IT parks, warehouse facilities, hospitals and schools.
Industrial: In the industrial sector, our services consist of the construction of manufacturing facilities such as industrial factories and workshops.
Road Infrastructure: In the road infrastructure sector, it provides the following services: earthwork, paving, sewerage, storm water drainage, electrification, landscaping and arboriculture.
Projects undertaken:
The construction of an onshore container terminal and the provision of reclamation and soil consolidation services and strengthening and ground improvement work for NSICT;
- The construction of a CFS for MICT;
- The construction of an onshore container terminal, a railway network and an administrative office building, and the provision of paving work, for Gateway;
- The construction of a self contained township and club house spread over a land area of 2.87 million square feet for MICT;
- Reclamation work for Simplex for a port at Navi Mumbai, Maharashtra.
Milestones:
- August 16, 2002 - Man Construction Private Limited was incorporated.
- July 15, 2004 - The name of Man Construction Private Limited was changed to Man Construction Limited reflecting the change in the constitution of the company from a private limited company to a public limited company under the Companies Act, 1956.
- May 12, 2006 - Pathare Real Estate and Developers Limited became a 100% subsidiary of the company.
- June 1, 2006 - Pathare Real Estate and Developers Limited, a wholly-owned subsidiary, merged with and into the company.
- August 23, 2006 - The company signed an MoU with Neelkanth Mansions and Infrastructure Limited for “most-favored customer”.
- September 19, 2006 - Man Infraproject Limited became a subsidiary of the company.
- November 3, 2006 - The name of the company was changed from Man Construction Limited to Man Infraconstruction Limited to reflect the change in the primary business focus of the company.
- November 9, 2006 - Man Infraproject Limited became a 100% subsidiary of the company.
- November 29, 2006 - The company signed a MoU with Dynamix Group of Companies for “most-favored customer”. December 1, 2006 - Man Infraproject Limited, a wholly owned subsidiary of the company, merged with and into the company effective December 1, 2006.
- August 30, 2007 - Man Projects Limited was acquired as a subsidiary of the Company.
- August 14, 2008 - The company and the promoters entered into a Share Subscription, Share Purchase and Shareholders’ Agreement with SA 1 Holding Infrastructure Company Private Limited pursuant to which SA 1 Holding subscribed to 1,800,000 equity shares and purchased a further 900,000 equity shares from Indira K. Shah.
- February 16, 2009 - The company and the promoters entered into a Share Subscription, Share Purchase and Shareholders’ Agreement with SA1 Holding, Standard Chartered Private Equity (Mauritius) II Limited and Standard Chartered Private Equity (Mauritius) III Limited pursuant to which SCPE II subscribed to 500,000 Equity Shares and SCPE III purchased 950,000 equity shares from Indira K Shah.
- March 24, 2009 - Man Ajwani Infraconstruction Limited was incorporated as a subsidiary of the company, pursuant to a memorandum of understanding with Ajwani Infrastructure Private Limited.
- October 1, 2009 - Man Nirmal Infraconstruction Limited was incorporated as a subsidiary of the company.
Awards/ Achievements
- The company’s experience in the execution of port infrastructure projects and residential projects has given us the expertise to provide quality services in both basic as well as complex construction projects.
- It has also been awarded an ISO 9001:2008 certification in respect of its construction services in July 2009 by SGS United Kingdom Limited Systems and Services Certification.