My Home Group
| Private | |
| ISIN | 🆔 |
| Industry | Conglomerate |
| Founded 📆 | 1981 in Hyderabad, India |
| Founder 👔 | Rameswar Rao Jupally |
Area served 🗺️ | India |
| Brands | My Home Construction Maha Cement Maha Shakthi Abja Power My Home Educational Society |
| Revenue🤑 |  US$1 Billion |
| Members | |
Number of employees | |
| Rating | A1+ by CRISIL[1] |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
My Home Group is an Indian conglomerate based in Telangana, India. It was founded by Dr. Rameswar Rao Jupally,[2] and is involved in a diversified infrastructure conglomerate with business interests in engineering & construction, power, cement, real estate, and education.[3][4]
History
The company was founded by Dr. Rameswar Rao Jupally in 1981.[5][6] My Home's cement brand firm Maha Cement (My Home Industries Private Limited), divested 50% in favour of CRH plc, an Ireland-based materials company for 290 million in 2008.[7] It bought Sree Jayajothi Cements from Shreeram Group for ₹1,400 crore (US$190 million) in 2013.[8][9]
Group companies
- My Home Constructions Pvt. Ltd.
- My Home Industries Limited
- My Home Power Ltd.
- My Home Educational Society
Subsidiaries
My Home Constructions Private Limited (MHCPL) is a real estate company, which has a turnover of ₹650 crore (US$90 million) as of November 2016. The company is rated A1+ by CRISIL.[1][10] Maha Cement is a cement brand firm, with 10 million tonne cement capacity,[11] making it one of the largest cement producers in South India. It is a 50:50 joint venture with CRH plc.[12][13][14] The Times of India reports that it has an annual turnover of ₹3,000 crore (US$420 million).[2]
Abja Power, an electric utility company,[15] is a part of My Home Group.[3] An education institute run by the company called My Home Educational Society.
Partnership
In March 2017, the company partnered with RMZ Corp to develop premium commercial office space in Hyderabad with an investment of over ₹6,500 crore (US$900 million).[16][17] It has two more cement brands named Maha Gold[18] and Maha Shakthi.[19]
It also tied up with PuREnergy, a solar energy company incubated at IIT Hyderabad in May 2017.[15][20]
References
- ↑ 1.0 1.1 "Crisil Rating". CRISIL. December 22, 2016.
- ↑ 2.0 2.1 "From homeopathy to building homes". The Times of India. March 5, 2015.
- ↑ 3.0 3.1 "My Home Group diversifies into solar energy". The Hindu Business Line. June 1, 2017.
- ↑ "State-wise List of Cement Plants". Department of Industrial Policy & Promotion. Government of India, Ministry of Commerce and Industry (India). Retrieved March 4, 2018.
- ↑ "Where the rich are investing 2016". Outlook. November 11, 2016.
- ↑ Sengupta, Sudipta (March 5, 2015). "Doctor turned realtor plans $8bn smart city near Hyderabad". The Economic Times.
- ↑ Sukumar, CR (July 26, 2016). "Telangana's My Home Group plans Rs 500-crore startup fund". The Economic Times.
- ↑ Gupta, Bhavan (August 22, 2013). "CRH's Indian associate My Home Industries buys Sree Jayajothi Cements for $230M". VCCircle.
- ↑ Sukumar, C R (June 24, 2016). "My Home eyes stressed infra firms, scouts for construction, cement buyouts". The Economic Times.
- ↑ "No irregularities in MyHomeConstructions: CM K Chandrasekhar Rao". Deccan Chronicle. November 21, 2014.
- ↑ Somasekhar, M; Sridhar, G Naga (August 31, 2016). "My Home to hit 10-m tonne cement capacity". The Hindu Business Line.
- ↑ "My Home Industries Pvt Ltd Unveils renewed brand identity for Its flagship cement brand - Maha Cement". The Hans India. November 7, 2016.
- ↑ "Cement firm My Home to consolidate all existing products under 'MAHA Cement' brand". The Economic Times. November 25, 2016.
- ↑ Reddy, B Dasarath (October 15, 2017). "Hyd's office space development gets a boost as firms eye large workplaces". Business Standard.
- ↑ 15.0 15.1 "My Home firm ties up with IIT-H startup". The Hindu. May 31, 2017.
- ↑ "RMZ charts $1-bn plan for Hyderabad". New Delhi: Financial Express. October 14, 2017.
- ↑ Kumar, Rishi V (March 18, 2017). "RMZ, MyHome Group join hands to develop commercial property in Hyderabad". The Hindu Business Line.
- ↑ Samal, Itishree (January 20, 2013). "My Home plans Rs 500 cr project in Hyderabad". Business Standard.
- ↑ "Odisha clears three cement projects worth Rs 1,213 cr". Business Standard. November 5, 2014.
- ↑ "PuREnergy, My Home ink pact". TelanganaToday. May 30, 2017.
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