RMZ Corp
RMZ Corp is a privately-owned real estate development company with its corporate office in Bengaluru, India. Incorporated in 2002 by siblings Raj & Manoj Menda[2]. The company operates in Hyderabad, Chennai, Mumbai & Pune.[3].
History[edit]
Arjun Menda, Group Chairman of RMZ Corp transitioned from the Manufacturing to the Real Estate industry. In 2002, along with his sons, Raj and Manoj Menda founded RMZ Corp.[2].
The company entered into the housing business in 2011 under the brand RMZHomes. In 2016 it switched to commercial real estate[4].
In 2013, the Qatar Investment Authority (QIA) Sovereign Wealth Fund invested $300 million in RMZ Corp with a stake of 21%.[5] RMZ Corp raised $500 million in the second round of funding in 2016[6]. In 2018, RMZ Corp struck a nearly $1 billion deal to buy back shares from Qatar Investment Authority[7][8].
Subsidiaries[edit]
In 2016, CoWrks, a coworking company was started by Siddharth Menda, son of Raj Menda[9]. CoWrks largest space is the 1.7 lakh sq ft office at RMZ Ecoworld, a commercial complex in Bengaluru’s Bellandur IT hub[10]
References[edit]
- ↑ https://en.wikipedia.org/w/index.php?title=User:Contributorindian&oldid=934373452
- ↑ 2.0 2.1 Mohapatra, Debasis (November 26, 2018). "Here's why Menda brothers' RMZ Corp is set to enter its next growth phase". Business Standard.
- ↑ Bose, Praveen (June 14, 2013). "RMZ moves with movers". Business Standard.
- ↑ Sapam, Bidya (September 21, 2016). "RMZ Corp plans to exit residential business, expand commercial portfolio". Livemint.
- ↑ Khan, Sobia (July 23, 2013). "Qatar fund QIA to invest $300 million in realtor RMZ in one of largest investment deals". The Economic Times.
- ↑ Khan, Sobia (September 7, 2016). "RMZ to float second JV with Qatar Investment Authority". The Economic Times.
- ↑ Balakrishnan, Raghu (December 18, 2017). "CPPIB, GIC eye Baring PE's stake in RMZ Corp". Livemint.
- ↑ Phadnis, Shilpa (December 29, 2017). "Biz Park co RMZ to stall Embassy via share buyback". The Times of India.
- ↑ Ghoshal, Anirban (November 27, 2017). "CoWrks is imparting a touch of tech to shared office space business". VCCircle.
- ↑ KulShreshtha, Ashish (August 11, 2017). "RMZ plans Telangana's largest coworking facility in Hyderabad". The Economic Times.
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