MPL Enterprises Unlisted Share Price

MPL ENTERPRISES LIMITED UNLISTED SHARE

About MPL Enterprises Limited

MPL Enterprises Limited is located in Manipal, Karnataka, and was established in the year 1990. The Company was first incorporated as ‘MPL Finance and Leasing Company Limited. However, in 1999, the scheme of Arrangement passed between MPL Finance and Leasing Company Limited, and ICDS Limited, by Honorable High Court of Karnataka, property business of ICDS Ltd, was vested with the Company and the name of the Company was changed to “MPL Enterprises Limited”.

The company is part of the Pai group of Manipal, which has well established itself in the field of Education, Banking, Printing & Publishing, Hospitality, Health care, and other service industry.

Today, the company earns revenue by letting out of properties in various locations, and fee-based activities such as Foreign Exchange (Retail), Money Transfer, etc. The company has established itself in the existing business and looking for new areas of Business for generating additional Revenue. The company has also started a share broking business by registering as an Authorized Person of BSE & NSE to deal in Capital Market, futures and Options, Currency Derivatives and Commodity Derivatives, etc.

The company has required infrastructure & trained manpower in various locations like Bangalore, Secunderabad, Coimbatore, and Mangalore to undertake any business activity.

INCORPORATION DETAILS

 PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

 BOARD OF DIRECTORS

Sri Tonse Satish Upendra Pai (Chairman)

Sri H N Seshagiri Rao (Director-Operations)

Mr. P Vaman Mallya (Director)

Mr. K Umesh KIni (Director)

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

 MPL ENTERPRISES LIMITED UNLISTED SHARE DETAILS

SHAREHOLDING PATTERN

(As on 31-03-2020)

INDUSTRY OUTLOOK

 Real estate is a sector that is recognized globally in almost every nation. It comprises 4 sub-sectors – retail, housing, commercial, and hospitality. The growth of the real estate industry is dependent mainly on the growth of the corporate environment and demand for offices as well as on residential accommodations. The real estate sector in India is the 2nd highest employment generation industry.

The real estate market of India is expected to grow from US$ 120 billion in 2017 to US$ 1 trillion by 2030 and will contribute around 13% to the GDP of India by 2025. The real estate sector in India has recently witnessed high growth due to the rise in demand for offices as residential spaces. The sector has attracted institutional investments of US$ 5 billion in 2020. Rapid urbanization in the country is the main reason for the massive growth of real estate.

The year 2020, brought very hard pain and distress in the real estate sector. All the real estate-related activities stopped in late March 2020 due to lockdown. Although as the economy started to unlock, the construction activities were very less due to shortage of labor. However, during the festival season from                   October 2020, housing sales began to speed up. Home sales volume jumped by      2 times to 61,593 units from October 2020 to December 2020, compared to 33,403 units from July 2020 to September 2020, signaling recovery after the lockdown imposed due to the spread of COVID 19 in the country.