KBC Global Ltd

Karda Constructions is engaged in real estate construction business. The company focuses on quality and affordable developments. It has an established brand and reputation, and a track record of developing innovative projects through its emphasis on contemporary architecture, strong project execution and quality construction in the real estate industry. The company has presence across all real estate segments such as low, medium, and premium. The company also undertakes construction contracts. The Karda Group is a well established Nashik based group having its presence in the construction industry for more than two decades. The group was founded by the promoter Mr. Naresh Karda in year 1994. In the years following its inception the group concentrated on developing affordable housing in the residential segment and from year 2001 onwards, the group diversified into commercial segment. The Company was incorporated in 2007 with a view to corporatize the group's activities in the real estate sector. Karda Constructions Limited was incorporated as a private limited company with the name 'Karda Constructions Private Limited' on September 17, 2007. Subsequently, the Company was converted to a public limited company on March 17, 2016 and the name of the company was changed to 'Karda Constructions Limited'. In 2008, the company started operations for Project 'Hari Sankul I' in August 2008. In 2010, the company Started operations for Project 'Hari Vishwa' and 'Hari Sankalp' in January 2010 and 'Hari Sneh' in October 2010. In 2011, the company Started operations for Project 'Hari Niwas' in January 2011, 'Hari Om' in March 2011, 'Hari Angan Plase II' in April 2011, 'Hari Vandan Plase II' in May 2011, 'Hari Niketan' in July 2011 and 'Hari Kunj' in August 2011 and 'Hari Sankul II' in October 2011. The Company completed the project 'Hari Sankul I' in August 2011. In 2012, the company started operations for Project 'Hari Sparsh' in June 2012 and completed the Projects 'Hari Sankul II', 'Hari Sneh I' in November 2012 and 'Hari Vandan II' in December 2012. In 2013, the company Started operations for Projects 'Hari Amrut' in May 2013 & 'Hari Sneh II' in August 2013 and completed the Projects 'Hari Kunj' in January 2013 & 'Hari Sankalp' in Apri 2013. In 2014, the company Started operations for Project 'Hari Mantra' in October 2014 and completed the Project 'Hari Om I' in February 2014. In 2015, the company completed the projects 'Hari Sparsh' in June 2015, 'Hari Naman' in August 2015 and 'Hari Mantra', 'Hari Sneh II' & 'Hari Amrut' in December 2015. In 2016, the company Started operation for the Project 'Hari Om II' in May 2016, 'Hari Sparsh II' in July 2016, 'Hari Vatika' in August 2016, 'Hari Bhakti' in September 2016, 'Hari Ved' and 'Hari Vasant' in October 2016 and completed Project 'Hari Shrushti' in June 2016 In 2017, the company Started operations for Projects 'Hari Samarth' and 'Hari Sanskruti II' in February 2017, 'Hari Sparsh' in May 2017, 'Hari Sanskruti' and 'Hari Anand' in June 2017. The company launched an initial public offer (IPO) during the period from 16 March 2018 to 21March 2018. The IPO was a combination of fresh issue 23 lakh shares and an Offer for Sale of upto 20 lakh shares. The IPO was priced at Rs 180 per share. The stock was listed on the bourses on 2 April 2018. On 30 April 2018, the company announced the launch of a new project Hari Aakruti Phase II at Nashik. Read More